TWINS: what changed
TWINS
Largest movements
- Cash -€34,066
down €34,066 (-99.4%), from €34,285 to €218
mainly Net result for the year (-€26,624) and Accrued charges and deferred income (-€25,000)
- Receivables within one year +€2,674
up €2,674 (+16.9%), from €15,806 to €18,480
- Profit (loss) carried forward -€26,624
down €26,624 (-7.4%), from -€360,412 to -€387,036
- Trade debts +€26,329
up €26,329 (+31.5%), from €83,611 to €109,940
- Accrued charges and deferred income -€25,000
down €25,000 (-100%), from €25,000 to €0
- Other debts +€23,078
up €23,078 (+22.3%), from €103,282 to €126,360
- Tax, wage and social debts -€17,574
down €17,574 (-43.2%), from €40,703 to €23,129
- Gross operating margin -€71,818
down €71,818 (-91.9%), from €78,116 to €6,298
- Write-downs -€32,000
down €32,000 (-53.3%), from €60,000 to €28,000
- Taxes -€5,334
down €5,334 (-81.6%), from €6,534 to €1,199
- Other operating charges -€1,861
down €1,861 (-50.2%), from €3,705 to €1,844
- Financial charges -€1,013
down €1,013 (-35.0%), from €2,892 to €1,878
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 | €51,632 | €20,298 | -€31,334 | -60.7% |
| Current assets | 29/58 | €51,632 | €20,298 | -€31,334 | -60.7% |
| Amounts receivable within one year | 40/41 | €15,806 | €18,480 | +€2,674 | +16.9% |
| Trade receivables | 40 | €15,806 | €18,480 | +€2,674 | +16.9% |
| Cash at bank and in hand | 54/58 | €34,285 | €218 | -€34,066 | -99.4% |
| Deferred charges and accrued income | 490/1 | €1,541 | €1,600 | +€58 | +3.8% |
| Total equity and liabilities | 10/49 | €51,632 | €20,298 | -€31,334 | -60.7% |
| Equity | 10/15 | -€236,465 | -€263,089 | -€26,624 | -11.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€360,412 | -€387,036 | -€26,624 | -7.4% |
| Amounts payable | 17/49 | €288,097 | €283,387 | -€4,710 | -1.6% |
| Amounts payable after more than one year | 17 | €35,500 | €23,957 | -€11,542 | -32.5% |
| Other amounts payable | 178/9 | €35,500 | €23,957 | -€11,542 | -32.5% |
| Amounts payable within one year | 42/48 | €227,597 | €259,429 | +€31,832 | +14.0% |
| Trade debts | 44 | €83,611 | €109,940 | +€26,329 | +31.5% |
| Suppliers | 440/4 | €83,611 | €109,940 | +€26,329 | +31.5% |
| Taxes, remuneration and social security | 45 | €40,703 | €23,129 | -€17,574 | -43.2% |
| Taxes | 450/3 | €40,703 | €23,129 | -€17,574 | -43.2% |
| Other amounts payable | 47/48 | €103,282 | €126,360 | +€23,078 | +22.3% |
| Accrued charges and deferred income | 492/3 | €25,000 | €0 | -€25,000 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,000 | €28,000 | -€32,000 | -53.3% |
| Other operating charges | 640/8 | €3,705 | €1,844 | -€1,861 | -50.2% |
| Gross operating margin | 9900 | €78,116 | €6,298 | -€71,818 | -91.9% |
| Operating profit (loss) | 9901 | €14,411 | -€23,546 | -€37,958 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €2,892 | €1,878 | -€1,013 | -35.0% |
| Recurring financial charges | 65 | €2,892 | €1,878 | -€1,013 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €11,519 | -€25,425 | -€36,944 | |
| Income taxes | 67/77 | €6,534 | €1,199 | -€5,334 | -81.6% |
| Profit (loss) for the period | 9904 | €4,986 | -€26,624 | -€31,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,986 | -€26,624 | -€31,610 |
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 4 November 2026 via checked.be.