TWINS: 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.
What changed
TWINS
NACE 59.203, Motion picture, video and television programme production, sound recording and music publishing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€38,532
2024 · €28,219+€10,313
Equity
€305,468
2024 · €266,936+€38,532
Cash
€104,186
2024 · €111,923-€7,738
Balance sheet total
€893,489
2024 · €617,159+€276,330
Largest movements
Assets
- Tangible fixed assets +€243,254
up €243,254 (+121%), from €200,778 to €444,032
of which Other tangible fixed assets: +€318,508
- Receivables within one year +€50,728
up €50,728 (+24.5%), from €206,980 to €257,708
of which Trade receivables: +€84,445
Equity and liabilities
- Debts after one year +€177,811
up €177,811 (+249%), from €71,383 to €249,194
- Trade debts +€71,220
up €71,220 (+86.4%), from €82,393 to €153,613
- Reserves +€38,000
up €38,000 (+17.1%), from €222,000 to €260,000
- Tax, wage and social debts +€33,471
up €33,471 (+62.6%), from €53,508 to €86,980
of which Taxes: +€26,410
- Other debts -€23,914
down €23,914 (-38.8%), from €61,634 to €37,720
Income statement
- Gross operating margin +€99,418
up €99,418 (+20.7%), from €479,299 to €578,717
- Staff costs +€76,525
up €76,525 (+25.5%), from €300,278 to €376,803
- Write-downs +€10,376
new in 2025: €10,376
- Taxes +€7,957
up €7,957 (+45.9%), from €17,319 to €25,276
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.
Result 2024
€28,219
Gross operating margin
+€99,418
Staff costs
-€76,525
Depreciation
+€4,254
Write-downs
-€10,376
Other operating charges
+€1,529
Other operating items
+€3,101
Financial income
-€335
Financial charges
-€2,795
Taxes
-€7,957
Result 2025
€38,532
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€189,583
Investment
-€353,070
Financing
+€155,750
Cash 2024
€111,923
From operations (derived)
+€189,583
Net result for the year
+€38,532
Depreciation
+€109,816
Receivables after one year
+€8,195
Receivables within one year
-€50,728
Deferred charges and accrued income
+€1,719
Trade debts
+€71,220
Tax, wage and social debts
+€33,471
Other debts
-€23,914
Accrued charges and deferred income
+€1,270
Investment (derived)
-€353,070
Investment in fixed assets (net)
-€353,070
Financing
+€155,750
Debts after one year
+€177,811
Current portion of long-term debt
-€15,672
Short-term financial debts
-€6,389
Cash 2025
€104,186
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €617,159 | €893,489 | +€276,330 | +44.8% |
| Fixed assets | 21/28 | €200,953 | €444,207 | +€243,254 | +121% |
| Tangible fixed assets | 22/27 | €200,778 | €444,032 | +€243,254 | +121% |
| Plant, machinery and equipment | 23 | €94,680 | €79,290 | -€15,389 | -16.3% |
| Furniture and vehicles | 24 | €106,098 | €46,233 | -€59,865 | -56.4% |
| Other tangible fixed assets | 26 | - | €318,508 | +€318,508 | |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €416,206 | €449,282 | +€33,076 | +7.9% |
| Amounts receivable after more than one year | 29 | €90,000 | €81,805 | -€8,195 | -9.1% |
| Other amounts receivable | 291 | €90,000 | €81,805 | -€8,195 | -9.1% |
| Amounts receivable within one year | 40/41 | €206,980 | €257,708 | +€50,728 | +24.5% |
| Trade receivables | 40 | €172,282 | €256,726 | +€84,445 | +49.0% |
| Other amounts receivable | 41 | €34,699 | €982 | -€33,717 | -97.2% |
| Cash at bank and in hand | 54/58 | €111,923 | €104,186 | -€7,738 | -6.9% |
| Deferred charges and accrued income | 490/1 | €7,303 | €5,583 | -€1,719 | -23.5% |
| Total equity and liabilities | 10/49 | €617,159 | €893,489 | +€276,330 | +44.8% |
| Equity | 10/15 | €266,936 | €305,468 | +€38,532 | +14.4% |
| Contributions | 10/11 | €43,629 | €43,629 | = | 0.0% |
| Reserves | 13 | €222,000 | €260,000 | +€38,000 | +17.1% |
| Distributable reserves | 133 | €222,000 | €260,000 | +€38,000 | +17.1% |
| Profit (loss) carried forward | 14 | €1,307 | €1,839 | +€532 | +40.7% |
| Amounts payable | 17/49 | €350,223 | €588,021 | +€237,797 | +67.9% |
| Amounts payable after more than one year | 17 | €71,383 | €249,194 | +€177,811 | +249% |
| Financial debts | 170/4 | €71,383 | €249,194 | +€177,811 | +249% |
| Amounts payable within one year | 42/48 | €278,840 | €337,557 | +€58,716 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €74,916 | €59,244 | -€15,672 | -20.9% |
| Financial debts | 43 | €6,389 | - | -€6,389 | |
| Credit institutions | 430/8 | €6,389 | - | -€6,389 | |
| Trade debts | 44 | €82,393 | €153,613 | +€71,220 | +86.4% |
| Suppliers | 440/4 | €82,393 | €153,613 | +€71,220 | +86.4% |
| Taxes, remuneration and social security | 45 | €53,508 | €86,980 | +€33,471 | +62.6% |
| Taxes | 450/3 | €6,272 | €32,681 | +€26,410 | +421% |
| Remuneration and social security | 454/9 | €47,237 | €54,298 | +€7,062 | +14.9% |
| Other amounts payable | 47/48 | €61,634 | €37,720 | -€23,914 | -38.8% |
| Accrued charges and deferred income | 492/3 | - | €1,270 | +€1,270 | |
| Non-recurring operating income | 76A | €2,000 | €2,314 | +€314 | +15.7% |
| Remuneration, social security and pensions | 62 | €300,278 | €376,803 | +€76,525 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,070 | €109,816 | -€4,254 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,376 | +€10,376 | |
| Other operating charges | 640/8 | €2,995 | €1,466 | -€1,529 | -51.0% |
| Non-recurring operating charges | 66A | €8,133 | €5,032 | -€3,101 | -38.1% |
| Gross operating margin | 9900 | €479,299 | €578,717 | +€99,418 | +20.7% |
| Operating profit (loss) | 9901 | €53,822 | €75,223 | +€21,401 | +39.8% |
| Financial income | 75/76B | €556 | €221 | -€335 | -60.3% |
| Recurring financial income | 75 | €556 | €221 | -€335 | -60.3% |
| Financial charges | 65/66B | €8,840 | €11,635 | +€2,795 | +31.6% |
| Recurring financial charges | 65 | €8,840 | €11,635 | +€2,795 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €45,538 | €63,808 | +€18,270 | +40.1% |
| Income taxes | 67/77 | €17,319 | €25,276 | +€7,957 | +45.9% |
| Profit (loss) for the period | 9904 | €28,219 | €38,532 | +€10,313 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,219 | €38,532 | +€10,313 | +36.5% |
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 27 October 2026 via checked.be.