TWINNINGTEAM: what changed
Two financial 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.
TWINNINGTEAM
Largest movements
- Tangible fixed assets -€23,763
down €23,763 (-99.3%), from €23,919 to €156
- Receivables within one year -€8,430
down €8,430 (-84.6%), from €9,962 to €1,532
of which Other amounts receivable: -€5,959
- Cash -€1,136
down €1,136 (-99.1%), from €1,146 to €10
mainly Debts after one year (-€15,246) and Net result for the year (-€8,775)
- Debts after one year -€15,246
no longer reported in 2025 (was €15,246)
- Profit (loss) carried forward -€8,775
down €8,775 (-55.5%), from -€15,810 to -€24,585
- Current portion of long-term debt -€8,532
no longer reported in 2025 (was €8,532)
- Trade debts -€1,369
no longer reported in 2025 (was €1,369)
- Other debts +€822
up €822 (+12.5%), from €6,600 to €7,422
- Depreciation -€10,351
down €10,351 (-98.4%), from €10,517 to €167
- Gross operating margin -€7,050
down €7,050, from €4,039 to -€3,011
- Other operating charges -€2,295
no longer reported in 2025 (was €2,295)
- Financial charges -€584
down €584 (-36.9%), from €1,584 to €1,000
- Taxes -€292
down €292 (-99.7%), from €293 to €1
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 | €35,027 | €1,784 | -€33,243 | -94.9% |
| Fixed assets | 21/28 | €23,919 | €156 | -€23,763 | -99.3% |
| Tangible fixed assets | 22/27 | €23,919 | €156 | -€23,763 | -99.3% |
| Furniture and vehicles | 24 | €23,919 | €156 | -€23,763 | -99.3% |
| Current assets | 29/58 | €11,108 | €1,628 | -€9,480 | -85.3% |
| Amounts receivable within one year | 40/41 | €9,962 | €1,532 | -€8,430 | -84.6% |
| Trade receivables | 40 | €2,471 | - | -€2,471 | |
| Other amounts receivable | 41 | €7,491 | €1,532 | -€5,959 | -79.6% |
| Cash at bank and in hand | 54/58 | €1,146 | €10 | -€1,136 | -99.1% |
| Deferred charges and accrued income | 490/1 | - | €87 | +€87 | |
| Total equity and liabilities | 10/49 | €35,027 | €1,784 | -€33,243 | -94.9% |
| Equity | 10/15 | €3,100 | -€5,675 | -€8,775 | |
| Contributions | 10/11 | €13,910 | €13,910 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,810 | -€24,585 | -€8,775 | -55.5% |
| Amounts payable | 17/49 | €31,928 | €7,459 | -€24,468 | -76.6% |
| Amounts payable after more than one year | 17 | €15,246 | - | -€15,246 | |
| Financial debts | 170/4 | €15,246 | - | -€15,246 | |
| Amounts payable within one year | 42/48 | €16,681 | €7,459 | -€9,222 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €8,532 | - | -€8,532 | |
| Trade debts | 44 | €1,369 | - | -€1,369 | |
| Suppliers | 440/4 | €1,369 | - | -€1,369 | |
| Taxes, remuneration and social security | 45 | €180 | €37 | -€143 | -79.5% |
| Taxes | 450/3 | €180 | €37 | -€143 | -79.5% |
| Other amounts payable | 47/48 | €6,600 | €7,422 | +€822 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,517 | €167 | -€10,351 | -98.4% |
| Other operating charges | 640/8 | €2,295 | - | -€2,295 | |
| Non-recurring operating charges | 66A | - | €4,597 | +€4,597 | |
| Gross operating margin | 9900 | €4,039 | -€3,011 | -€7,050 | |
| Operating profit (loss) | 9901 | -€8,773 | -€7,774 | +€999 | +11.4% |
| Financial charges | 65/66B | €1,584 | €1,000 | -€584 | -36.9% |
| Recurring financial charges | 65 | €1,584 | €1,000 | -€584 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,357 | -€8,774 | +€1,583 | +15.3% |
| Income taxes | 67/77 | €293 | €1 | -€292 | -99.7% |
| Profit (loss) for the period | 9904 | -€10,650 | -€8,775 | +€1,875 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,650 | -€8,775 | +€1,875 | +17.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.