TWININVEST: what changed
TWININVEST
Largest movements
- Stocks and contracts -€6.3m
down €6.3m (-83.6%), from €7.5m to €1.2m
- Cash +€528,453
up €528,453 (+223%), from €237,240 to €765,693
mainly Stocks and contracts (+€6.3m) and Net result for the year (+€1.1m)
- Accrued charges and deferred income -€4.4m
down €4.4m (-99.7%), from €4.4m to €12,000
- Short-term financial debts -€1.8m
down €1.8m (-67.9%), from €2.7m to €850,000
- Profit (loss) carried forward +€579,958
up €579,958, from -€72,005 to €507,952
- Other debts +€530,000
new in 2025: €530,000
- Trade debts -€356,764
down €356,764 (-82.3%), from €433,752 to €76,988
- Gross operating margin +€1.3m
up €1.3m (+572%), from €225,927 to €1.5m
- Taxes +€346,400
new in 2025: €346,400
- Financial charges -€183,908
down €183,908 (-75.0%), from €245,145 to €61,237
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,760,628 | €2,056,940 | -€5.7m | -73.5% |
| Current assets | 29/58 | €7,760,628 | €2,056,940 | -€5.7m | -73.5% |
| Stocks and contracts in progress | 3 | €7,511,224 | €1,234,132 | -€6.3m | -83.6% |
| Stocks | 30/36 | €7,511,224 | €1,234,132 | -€6.3m | -83.6% |
| Amounts receivable within one year | 40/41 | €7,900 | €57,115 | +€49,215 | +623% |
| Other amounts receivable | 41 | €7,900 | €57,115 | +€49,215 | +623% |
| Cash at bank and in hand | 54/58 | €237,240 | €765,693 | +€528,453 | +223% |
| Deferred charges and accrued income | 490/1 | €4,264 | - | -€4,264 | |
| Total equity and liabilities | 10/49 | €7,760,628 | €2,056,940 | -€5.7m | -73.5% |
| Equity | 10/15 | -€22,005 | €557,952 | +€579,958 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,005 | €507,952 | +€579,958 | |
| Amounts payable | 17/49 | €7,782,634 | €1,498,988 | -€6.3m | -80.7% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,326,679 | €1,456,988 | -€1.9m | -56.2% |
| Financial debts | 43 | €2,651,533 | €850,000 | -€1.8m | -67.9% |
| Credit institutions | 430/8 | €2,651,533 | €850,000 | -€1.8m | -67.9% |
| Trade debts | 44 | €433,752 | €76,988 | -€356,764 | -82.3% |
| Suppliers | 440/4 | €433,752 | €76,988 | -€356,764 | -82.3% |
| Taxes, remuneration and social security | 45 | €241,394 | - | -€241,394 | |
| Taxes | 450/3 | €241,394 | - | -€241,394 | |
| Other amounts payable | 47/48 | - | €530,000 | +€530,000 | |
| Accrued charges and deferred income | 492/3 | €4,425,955 | €12,000 | -€4.4m | -99.7% |
| Non-recurring operating income | 76A | - | €22,748 | +€22,748 | |
| Other operating charges | 640/8 | €3,932 | €2,225 | -€1,706 | -43.4% |
| Gross operating margin | 9900 | €225,927 | €1,519,251 | +€1.3m | +572% |
| Operating profit (loss) | 9901 | €221,996 | €1,517,025 | +€1.3m | +583% |
| Financial income | 75/76B | €673 | €569 | -€104 | -15.4% |
| Recurring financial income | 75 | €673 | €569 | -€104 | -15.4% |
| Financial charges | 65/66B | €245,145 | €61,237 | -€183,908 | -75.0% |
| Recurring financial charges | 65 | €245,145 | €61,237 | -€183,908 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,476 | €1,456,358 | +€1.5m | |
| Income taxes | 67/77 | - | €346,400 | +€346,400 | |
| Profit (loss) for the period | 9904 | -€22,476 | €1,109,958 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,476 | €1,109,958 | +€1.1m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.