TWINNING: 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.
TWINNING
Largest movements
- Receivables within one year -€17,917
down €17,917 (-86.9%), from €20,617 to €2,700
of which Other amounts receivable: -€10,242
- Tangible fixed assets -€10,200
down €10,200 (-47.5%), from €21,469 to €11,268
- Cash +€3,987
up €3,987 (+165.2%), from €2,413 to €6,400
mainly Other debts (+€22,664) and Receivables within one year (+€17,917)
- Deferred charges and accrued income +€3,698
up €3,698 (+392.8%), from €942 to €4,640
- Profit (loss) carried forward -€22,692
down €22,692 (-33.5%), from -€67,638 to -€90,330
- Other debts +€22,664
up €22,664, from €0 to €22,664
- Current portion of long-term debt -€12,973
down €12,973 (-100.0%), from €12,973 to €0
- Debts after one year -€9,600
down €9,600 (-100.0%), from €9,600 to €0
- Short-term financial debts -€7,058
down €7,058 (-100.0%), from €7,058 to €0
- Other operating charges -€6,267
down €6,267 (-83.0%), from €7,548 to €1,281
- Financial income -€1,380
down €1,380 (-99.4%), from €1,389 to €8
- Gross operating margin +€658
up €658 (+6.2%), from -€10,579 to -€9,920
- Financial charges -€526
down €526 (-37.0%), from €1,424 to €898
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 | €45,440 | €25,009 | -€20,432 | -45.0% |
| Fixed assets | 21/28 | €21,469 | €11,268 | -€10,200 | -47.5% |
| Tangible fixed assets | 22/27 | €21,469 | €11,268 | -€10,200 | -47.5% |
| Furniture and vehicles | 24 | €21,469 | €11,268 | -€10,200 | -47.5% |
| Current assets | 29/58 | €23,972 | €13,740 | -€10,231 | -42.7% |
| Amounts receivable within one year | 40/41 | €20,617 | €2,700 | -€17,917 | -86.9% |
| Trade receivables | 40 | €10,375 | €2,700 | -€7,675 | -74.0% |
| Other amounts receivable | 41 | €10,242 | €0 | -€10,242 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,413 | €6,400 | +€3,987 | +165.2% |
| Deferred charges and accrued income | 490/1 | €942 | €4,640 | +€3,698 | +392.8% |
| Total equity and liabilities | 10/49 | €45,440 | €25,009 | -€20,432 | -45.0% |
| Equity | 10/15 | €1,986 | -€20,706 | -€22,692 | |
| Contributions | 10/11 | €49,393 | €49,393 | = | 0.0% |
| Reserves | 13 | €20,231 | €20,231 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €20,231 | €20,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,638 | -€90,330 | -€22,692 | -33.5% |
| Amounts payable | 17/49 | €43,455 | €45,715 | +€2,260 | +5.2% |
| Amounts payable after more than one year | 17 | €9,600 | €0 | -€9,600 | -100.0% |
| Financial debts | 170/4 | €9,600 | €0 | -€9,600 | -100.0% |
| Amounts payable within one year | 42/48 | €33,855 | €39,687 | +€5,832 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €12,973 | €0 | -€12,973 | -100.0% |
| Financial debts | 43 | €7,058 | €0 | -€7,058 | -100.0% |
| Credit institutions | 430/8 | €7,058 | €0 | -€7,058 | -100.0% |
| Trade debts | 44 | €9,659 | €7,060 | -€2,599 | -26.9% |
| Suppliers | 440/4 | €9,659 | €7,060 | -€2,599 | -26.9% |
| Taxes, remuneration and social security | 45 | €4,165 | €9,963 | +€5,798 | +139.2% |
| Taxes | 450/3 | €4,165 | €3,513 | -€652 | -15.6% |
| Remuneration and social security | 454/9 | - | €6,450 | +€6,450 | |
| Other amounts payable | 47/48 | €0 | €22,664 | +€22,664 | |
| Accrued charges and deferred income | 492/3 | €0 | €6,027 | +€6,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,200 | €10,200 | = | 0.0% |
| Other operating charges | 640/8 | €7,548 | €1,281 | -€6,267 | -83.0% |
| Gross operating margin | 9900 | -€10,579 | -€9,920 | +€658 | +6.2% |
| Operating profit (loss) | 9901 | -€28,327 | -€21,402 | +€6,925 | +24.4% |
| Financial income | 75/76B | €1,389 | €8 | -€1,380 | -99.4% |
| Recurring financial income | 75 | €1,389 | €8 | -€1,380 | -99.4% |
| Financial charges | 65/66B | €1,424 | €898 | -€526 | -37.0% |
| Recurring financial charges | 65 | €1,424 | €898 | -€526 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,362 | -€22,292 | +€6,071 | +21.4% |
| Income taxes | 67/77 | €400 | €400 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | -€28,763 | -€22,692 | +€6,071 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,763 | -€22,692 | +€6,071 | +21.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.