TWINE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TWINE
Largest movements
- Stocks and contracts +€40,298
up €40,298 (+290.9%), from €13,855 to €54,153
- Cash +€37,582
new in 2025: €37,582
mainly Trade debts (+€32,038) and Current investments (+€21,302)
- Current investments -€21,302
no longer reported in 2025 (was €21,302)
- Receivables within one year +€2,076
up €2,076 (+9.3%), from €22,341 to €24,417
of which Other amounts receivable: +€2,541
- Trade debts +€32,038
up €32,038 (+77.1%), from €41,528 to €73,566
- Profit (loss) carried forward +€18,990
up €18,990, from -€18,956 to €33
- Tax, wage and social debts +€4,143
up €4,143 (+75.0%), from €5,526 to €9,669
- Other debts +€3,500
up €3,500 (+38.9%), from €9,000 to €12,500
- Gross operating margin +€24,292
up €24,292, from -€3,447 to €20,845
- Other operating charges -€2,373
down €2,373 (-59.2%), from €4,010 to €1,636
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,558 | €116,228 | +€58,670 | +101.9% |
| Current assets | 29/58 | €57,558 | €116,228 | +€58,670 | +101.9% |
| Stocks and contracts in progress | 3 | €13,855 | €54,153 | +€40,298 | +290.9% |
| Stocks | 30/36 | €13,855 | €54,153 | +€40,298 | +290.9% |
| Amounts receivable within one year | 40/41 | €22,341 | €24,417 | +€2,076 | +9.3% |
| Trade receivables | 40 | €21,896 | €21,431 | -€465 | -2.1% |
| Other amounts receivable | 41 | €445 | €2,985 | +€2,541 | +571.6% |
| Current investments | 50/53 | €21,302 | - | -€21,302 | |
| Cash at bank and in hand | 54/58 | - | €37,582 | +€37,582 | |
| Deferred charges and accrued income | 490/1 | €60 | €76 | +€16 | +27.5% |
| Total equity and liabilities | 10/49 | €57,558 | €116,228 | +€58,670 | +101.9% |
| Equity | 10/15 | €1,504 | €20,493 | +€18,990 | +1263.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,956 | €33 | +€18,990 | |
| Amounts payable | 17/49 | €56,054 | €95,735 | +€39,681 | +70.8% |
| Amounts payable within one year | 42/48 | €56,054 | €95,735 | +€39,681 | +70.8% |
| Trade debts | 44 | €41,528 | €73,566 | +€32,038 | +77.1% |
| Suppliers | 440/4 | €41,528 | €73,566 | +€32,038 | +77.1% |
| Taxes, remuneration and social security | 45 | €5,526 | €9,669 | +€4,143 | +75.0% |
| Taxes | 450/3 | €5,526 | €9,669 | +€4,143 | +75.0% |
| Other amounts payable | 47/48 | €9,000 | €12,500 | +€3,500 | +38.9% |
| Other operating charges | 640/8 | €4,010 | €1,636 | -€2,373 | -59.2% |
| Non-recurring operating charges | 66A | - | €13 | +€13 | |
| Gross operating margin | 9900 | -€3,447 | €20,845 | +€24,292 | |
| Operating profit (loss) | 9901 | -€7,457 | €19,195 | +€26,652 | |
| Financial income | 75/76B | €93 | €20 | -€73 | -78.8% |
| Recurring financial income | 75 | €93 | €20 | -€73 | -78.8% |
| Financial charges | 65/66B | €156 | €225 | +€70 | +44.6% |
| Recurring financial charges | 65 | €156 | €225 | +€70 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,520 | €18,990 | +€26,510 | |
| Profit (loss) for the period | 9904 | -€7,520 | €18,990 | +€26,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,520 | €18,990 | +€26,510 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.