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 -€4,605
down €4,605 (-15.4%), from €29,967 to €25,361
- Tax, wage and social debts -€2,441
no longer reported in 2025 (was €2,441)
- Profit (loss) carried forward -€1,595
down €1,595 (-329.5%), from -€484 to -€2,078
- Trade debts -€691
no longer reported in 2025 (was €691)
- Gross operating margin -€764
down €764 (-53.8%), from -€1,419 to -€2,183
- Other operating charges +€400
up €400 (+291.3%), from €137 to €537
- Financial income -€267
down €267 (-14.7%), from €1,814 to €1,547
- Financial charges +€254
up €254 (+543.7%), from €47 to €300
- Taxes -€199
no longer reported in 2025 (was €199)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,088 | €25,361 | -€4,726 | -15.7% |
| Fixed assets | 21/28 | €121 | - | -€121 | |
| Tangible fixed assets | 22/27 | €121 | - | -€121 | |
| Furniture and vehicles | 24 | €121 | - | -€121 | |
| Current assets | 29/58 | €29,967 | €25,361 | -€4,605 | -15.4% |
| Amounts receivable within one year | 40/41 | €29,967 | €25,361 | -€4,605 | -15.4% |
| Other amounts receivable | 41 | €29,967 | €25,361 | -€4,605 | -15.4% |
| Total equity and liabilities | 10/49 | €30,088 | €25,361 | -€4,726 | -15.7% |
| Equity | 10/15 | €26,956 | €25,361 | -€1,595 | -5.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €26,440 | €26,440 | = | 0.0% |
| Distributable reserves | 133 | €26,440 | €26,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€484 | -€2,078 | -€1,595 | -329.5% |
| Amounts payable | 17/49 | €3,132 | - | -€3,132 | |
| Amounts payable within one year | 42/48 | €3,132 | - | -€3,132 | |
| Trade debts | 44 | €691 | - | -€691 | |
| Suppliers | 440/4 | €691 | - | -€691 | |
| Taxes, remuneration and social security | 45 | €2,441 | - | -€2,441 | |
| Taxes | 450/3 | €2,441 | - | -€2,441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133 | €121 | -€12 | -9.2% |
| Other operating charges | 640/8 | €137 | €537 | +€400 | +291.3% |
| Gross operating margin | 9900 | -€1,419 | -€2,183 | -€764 | -53.8% |
| Operating profit (loss) | 9901 | -€1,690 | -€2,841 | -€1,151 | -68.2% |
| Financial income | 75/76B | €1,814 | €1,547 | -€267 | -14.7% |
| Recurring financial income | 75 | €1,814 | €1,547 | -€267 | -14.7% |
| Financial charges | 65/66B | €47 | €300 | +€254 | +543.7% |
| Recurring financial charges | 65 | €47 | €300 | +€254 | +543.7% |
| Profit (loss) for the period before taxes | 9903 | €78 | -€1,595 | -€1,672 | |
| Income taxes | 67/77 | €199 | - | -€199 | |
| Profit (loss) for the period | 9904 | -€121 | -€1,595 | -€1,473 | -1216.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€121 | -€1,595 | -€1,473 | -1216.7% |
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 5 October 2026 via checked.be.