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.
TWINS.
Largest movements
- Cash +€35,233
up €35,233 (+110.8%), from €31,811 to €67,044
mainly Debts after one year (+€13,850) and Depreciation (+€11,493)
- Receivables after one year +€16,872
new in 2025: €16,872
- Tangible fixed assets -€9,246
down €9,246 (-19.6%), from €47,194 to €37,948
of which Land and buildings: -€8,018
- Receivables within one year -€8,269
down €8,269 (-29.0%), from €28,516 to €20,247
of which Trade receivables: -€22,433
- Deferred charges and accrued income -€6,500
down €6,500 (-12.5%), from €52,000 to €45,500
- Debts after one year +€13,850
new in 2025: €13,850
- Trade debts +€5,945
up €5,945 (+271.2%), from €2,192 to €8,137
- Reserves +€4,657
up €4,657 (+3.1%), from €151,575 to €156,232
of which Distributable reserves: +€4,657
- Tax, wage and social debts +€3,666
up €3,666 (+34.9%), from €10,499 to €14,166
of which Taxes: +€4,658
- Gross operating margin -€25,027
down €25,027 (-23.2%), from €108,027 to €83,000
- Staff costs +€22,780
up €22,780 (+56.9%), from €40,035 to €62,816
- Taxes -€14,827
down €14,827 (-74.4%), from €19,916 to €5,090
- Financial income +€1,810
up €1,810 (+207.6%), from €872 to €2,682
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 | €164,603 | €192,828 | +€28,226 | +17.1% |
| Fixed assets | 21/28 | €47,194 | €37,948 | -€9,246 | -19.6% |
| Tangible fixed assets | 22/27 | €47,194 | €37,948 | -€9,246 | -19.6% |
| Land and buildings | 22 | €36,783 | €28,764 | -€8,018 | -21.8% |
| Plant, machinery and equipment | 23 | €3,372 | €4,480 | +€1,107 | +32.8% |
| Furniture and vehicles | 24 | €7,039 | €4,704 | -€2,335 | -33.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €117,409 | €154,880 | +€37,471 | +31.9% |
| Amounts receivable after more than one year | 29 | - | €16,872 | +€16,872 | |
| Other amounts receivable | 291 | - | €16,872 | +€16,872 | |
| Stocks and contracts in progress | 3 | €5,081 | €5,217 | +€135 | +2.7% |
| Stocks | 30/36 | €5,081 | €5,217 | +€135 | +2.7% |
| Amounts receivable within one year | 40/41 | €28,516 | €20,247 | -€8,269 | -29.0% |
| Trade receivables | 40 | €23,500 | €1,067 | -€22,433 | -95.5% |
| Other amounts receivable | 41 | €5,016 | €19,180 | +€14,163 | +282.3% |
| Cash at bank and in hand | 54/58 | €31,811 | €67,044 | +€35,233 | +110.8% |
| Deferred charges and accrued income | 490/1 | €52,000 | €45,500 | -€6,500 | -12.5% |
| Total equity and liabilities | 10/49 | €164,603 | €192,828 | +€28,226 | +17.1% |
| Equity | 10/15 | €151,575 | €156,232 | +€4,657 | +3.1% |
| Reserves | 13 | €151,575 | €156,232 | +€4,657 | +3.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €149,715 | €154,372 | +€4,657 | +3.1% |
| Amounts payable | 17/49 | €13,028 | €36,597 | +€23,569 | +180.9% |
| Amounts payable after more than one year | 17 | - | €13,850 | +€13,850 | |
| Other amounts payable | 178/9 | - | €13,850 | +€13,850 | |
| Amounts payable within one year | 42/48 | €13,028 | €22,747 | +€9,719 | +74.6% |
| Trade debts | 44 | €2,192 | €8,137 | +€5,945 | +271.2% |
| Suppliers | 440/4 | €2,192 | €8,137 | +€5,945 | +271.2% |
| Taxes, remuneration and social security | 45 | €10,499 | €14,166 | +€3,666 | +34.9% |
| Taxes | 450/3 | €8,525 | €13,184 | +€4,658 | +54.6% |
| Remuneration and social security | 454/9 | €1,974 | €982 | -€992 | -50.2% |
| Other amounts payable | 47/48 | €337 | €444 | +€107 | +31.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €40,035 | €62,816 | +€22,780 | +56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,645 | €11,493 | +€848 | +8.0% |
| Other operating charges | 640/8 | €1,889 | €845 | -€1,043 | -55.3% |
| Non-recurring operating charges | 66A | €337 | €0 | -€337 | -100.0% |
| Gross operating margin | 9900 | €108,027 | €83,000 | -€25,027 | -23.2% |
| Operating profit (loss) | 9901 | €55,121 | €7,846 | -€47,275 | -85.8% |
| Financial income | 75/76B | €872 | €2,682 | +€1,810 | +207.6% |
| Recurring financial income | 75 | €872 | €2,682 | +€1,810 | +207.6% |
| Financial charges | 65/66B | €768 | €781 | +€14 | +1.8% |
| Recurring financial charges | 65 | €768 | €781 | +€14 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €55,225 | €9,747 | -€45,479 | -82.4% |
| Income taxes | 67/77 | €19,916 | €5,090 | -€14,827 | -74.4% |
| Profit (loss) for the period | 9904 | €35,309 | €4,657 | -€30,652 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,309 | €4,657 | -€30,652 | -86.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.