Twins Base: 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.
Twins Base
Largest movements
- Cash +€7,403
up €7,403 (+84.4%), from €8,767 to €16,169
mainly Net result for the year (+€13,853) and Depreciation (+€7,247)
- Tangible fixed assets -€3,173
down €3,173 (-6.6%), from €47,821 to €44,648
- Receivables within one year +€656
up €656 (+92.4%), from €710 to €1,365
- Reserves +€13,853
up €13,853 (+64.8%), from €21,394 to €35,246
- Investment grants -€8,631
down €8,631 (-100.0%), from €8,631 to €0
- Provisions -€3,699
down €3,699 (-100.0%), from €3,699 to €0
- Other debts +€1,847
up €1,847 (+79.5%), from €2,323 to €4,169
- Tax, wage and social debts +€1,277
new in 2025: €1,277
- Financial income +€6,550
up €6,550 (+314.8%), from €2,081 to €8,631
- Gross operating margin -€1,984
down €1,984 (-15.2%), from €13,048 to €11,063
- Depreciation +€580
up €580 (+8.7%), from €6,667 to €7,247
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 | €57,297 | €62,182 | +€4,885 | +8.5% |
| Fixed assets | 21/28 | €47,821 | €44,648 | -€3,173 | -6.6% |
| Tangible fixed assets | 22/27 | €47,821 | €44,648 | -€3,173 | -6.6% |
| Land and buildings | 22 | €47,821 | €44,648 | -€3,173 | -6.6% |
| Current assets | 29/58 | €9,476 | €17,534 | +€8,058 | +85.0% |
| Amounts receivable within one year | 40/41 | €710 | €1,365 | +€656 | +92.4% |
| Other amounts receivable | 41 | €710 | €1,365 | +€656 | +92.4% |
| Cash at bank and in hand | 54/58 | €8,767 | €16,169 | +€7,403 | +84.4% |
| Total equity and liabilities | 10/49 | €57,297 | €62,182 | +€4,885 | +8.5% |
| Equity | 10/15 | €51,149 | €56,371 | +€5,222 | +10.2% |
| Contributions | 10/11 | €21,125 | €21,125 | = | 0.0% |
| Reserves | 13 | €21,394 | €35,246 | +€13,853 | +64.8% |
| Distributable reserves | 133 | €21,394 | €35,246 | +€13,853 | +64.8% |
| Investment grants | 15 | €8,631 | €0 | -€8,631 | -100.0% |
| Provisions and deferred taxes | 16 | €3,699 | €0 | -€3,699 | -100.0% |
| Deferred taxes | 168 | €3,699 | €0 | -€3,699 | -100.0% |
| Amounts payable | 17/49 | €2,449 | €5,811 | +€3,362 | +137.3% |
| Amounts payable within one year | 42/48 | €2,449 | €5,645 | +€3,196 | +130.5% |
| Trade debts | 44 | €126 | €199 | +€73 | +57.8% |
| Suppliers | 440/4 | €126 | €199 | +€73 | +57.8% |
| Taxes, remuneration and social security | 45 | - | €1,277 | +€1,277 | |
| Taxes | 450/3 | - | €1,277 | +€1,277 | |
| Other amounts payable | 47/48 | €2,323 | €4,169 | +€1,847 | +79.5% |
| Accrued charges and deferred income | 492/3 | - | €166 | +€166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | €7,247 | +€580 | +8.7% |
| Other operating charges | 640/8 | €2,110 | €2,173 | +€63 | +3.0% |
| Gross operating margin | 9900 | €13,048 | €11,063 | -€1,984 | -15.2% |
| Operating profit (loss) | 9901 | €4,271 | €1,644 | -€2,627 | -61.5% |
| Financial income | 75/76B | €2,081 | €8,631 | +€6,550 | +314.8% |
| Recurring financial income | 75 | €2,081 | €8,631 | +€6,550 | +314.8% |
| Financial charges | 65/66B | €97 | €121 | +€24 | +24.7% |
| Recurring financial charges | 65 | €97 | €121 | +€24 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €6,254 | €10,154 | +€3,899 | +62.3% |
| Transfer from deferred taxes | 780 | €892 | €3,699 | +€2,807 | +314.8% |
| Profit (loss) for the period | 9904 | €7,146 | €13,853 | +€6,707 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,146 | €13,853 | +€6,707 | +93.8% |
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.