TWINS CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Tangible fixed assets -€6,700
down €6,700 (-5.8%), from €114,713 to €108,013
- Receivables within one year +€6,078
up €6,078 (+10.1%), from €60,137 to €66,214
of which Other amounts receivable: +€3,328
- Debts after one year -€34,197
down €34,197 (-68.9%), from €49,624 to €15,427
of which Financial debts: -€32,394
- Profit (loss) carried forward +€26,923
up €26,923 (+77.9%), from -€34,553 to -€7,631
- Tax, wage and social debts +€3,594
up €3,594 (+171.8%), from €2,092 to €5,687
- Trade debts +€3,057
up €3,057 (+78.1%), from €3,912 to €6,970
- Gross operating margin +€29,120
up €29,120 (+605.1%), from €4,812 to €33,932
- Depreciation -€4,045
down €4,045 (-37.6%), from €10,744 to €6,700
- Financial charges -€1,416
down €1,416 (-90.4%), from €1,566 to €151
- Other operating charges -€1,056
down €1,056 (-86.9%), from €1,215 to €159
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 | €175,379 | €174,757 | -€622 | -0.4% |
| Fixed assets | 21/28 | €114,713 | €108,013 | -€6,700 | -5.8% |
| Tangible fixed assets | 22/27 | €114,713 | €108,013 | -€6,700 | -5.8% |
| Land and buildings | 22 | €114,713 | €108,013 | -€6,700 | -5.8% |
| Current assets | 29/58 | €60,666 | €66,743 | +€6,078 | +10.0% |
| Amounts receivable within one year | 40/41 | €60,137 | €66,214 | +€6,078 | +10.1% |
| Trade receivables | 40 | €2,018 | €4,768 | +€2,750 | +136.3% |
| Other amounts receivable | 41 | €58,119 | €61,447 | +€3,328 | +5.7% |
| Cash at bank and in hand | 54/58 | €529 | €529 | = | 0.0% |
| Total equity and liabilities | 10/49 | €175,379 | €174,757 | -€622 | -0.4% |
| Equity | 10/15 | €117,000 | €143,923 | +€26,923 | +23.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €131,554 | €131,554 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,454 | €27,454 | = | 0.0% |
| Distributable reserves | 133 | €102,100 | €102,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,553 | -€7,631 | +€26,923 | +77.9% |
| Amounts payable | 17/49 | €58,379 | €30,834 | -€27,545 | -47.2% |
| Amounts payable after more than one year | 17 | €49,624 | €15,427 | -€34,197 | -68.9% |
| Financial debts | 170/4 | €44,505 | €12,111 | -€32,394 | -72.8% |
| Other amounts payable | 178/9 | €5,119 | €3,316 | -€1,803 | -35.2% |
| Amounts payable within one year | 42/48 | €6,005 | €12,657 | +€6,652 | +110.8% |
| Trade debts | 44 | €3,912 | €6,970 | +€3,057 | +78.1% |
| Suppliers | 440/4 | €3,912 | €6,970 | +€3,057 | +78.1% |
| Taxes, remuneration and social security | 45 | €2,092 | €5,687 | +€3,594 | +171.8% |
| Taxes | 450/3 | €2,092 | €5,687 | +€3,594 | +171.8% |
| Accrued charges and deferred income | 492/3 | €2,750 | €2,750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,744 | €6,700 | -€4,045 | -37.6% |
| Other operating charges | 640/8 | €1,215 | €159 | -€1,056 | -86.9% |
| Gross operating margin | 9900 | €4,812 | €33,932 | +€29,120 | +605.1% |
| Operating profit (loss) | 9901 | -€7,147 | €27,073 | +€34,220 | |
| Financial charges | 65/66B | €1,566 | €151 | -€1,416 | -90.4% |
| Recurring financial charges | 65 | €1,566 | €151 | -€1,416 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,713 | €26,923 | +€35,636 | |
| Profit (loss) for the period | 9904 | -€8,713 | €26,923 | +€35,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,713 | €26,923 | +€35,636 |
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 10 October 2026 via checked.be.