Twins Consult: 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 Consult
Largest movements
- Receivables within one year -€222,691
down €222,691 (-20.0%), from €1.1m to €890,142
of which Other amounts receivable: -€113,972
- Receivables after one year -€40,000
down €40,000 (-66.7%), from €60,000 to €20,000
- Tangible fixed assets -€26,664
down €26,664 (-17.7%), from €150,975 to €124,312
of which Furniture and vehicles: -€16,908
- Cash +€25,722
up €25,722 (+53.6%), from €47,984 to €73,706
mainly Receivables within one year (+€222,691) and Net result for the year (+€59,204)
- Reserves -€149,423
down €149,423 (-13.5%), from €1.1m to €955,104
of which Non-distributable reserves: -€156,500
- Trade debts -€95,407
down €95,407 (-76.2%), from €125,190 to €29,783
- Current portion of long-term debt -€68,120
down €68,120 (-100%), from €68,120 to €0
- Short-term financial debts +€34,062
up €34,062 (+31.3%), from €108,866 to €142,928
- Tax, wage and social debts +€24,647
up €24,647 (+110%), from €22,322 to €46,969
of which Taxes: +€24,647
- Gross operating margin -€82,048
down €82,048 (-37.3%), from €219,846 to €137,799
- Write-downs -€44,425
down €44,425 (-90.0%), from €49,366 to €4,941
- Depreciation +€11,352
up €11,352 (+74.1%), from €15,312 to €26,664
- Taxes -€10,580
down €10,580 (-25.2%), from €42,010 to €31,430
- Financial charges -€8,853
down €8,853 (-54.2%), from €16,327 to €7,475
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,524,767 | €1,269,653 | -€255,114 | -16.7% |
| Fixed assets | 21/28 | €303,950 | €277,287 | -€26,664 | -8.8% |
| Tangible fixed assets | 22/27 | €150,975 | €124,312 | -€26,664 | -17.7% |
| Land and buildings | 22 | €72,493 | €65,904 | -€6,589 | -9.1% |
| Plant, machinery and equipment | 23 | €6,615 | €3,449 | -€3,166 | -47.9% |
| Furniture and vehicles | 24 | €71,867 | €54,958 | -€16,908 | -23.5% |
| Financial fixed assets | 28 | €152,975 | €152,975 | = | 0.0% |
| Current assets | 29/58 | €1,220,816 | €992,367 | -€228,450 | -18.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Other amounts receivable | 291 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €1,112,833 | €890,142 | -€222,691 | -20.0% |
| Trade receivables | 40 | €315,549 | €206,830 | -€108,719 | -34.5% |
| Other amounts receivable | 41 | €797,284 | €683,312 | -€113,972 | -14.3% |
| Cash at bank and in hand | 54/58 | €47,984 | €73,706 | +€25,722 | +53.6% |
| Deferred charges and accrued income | 490/1 | - | €8,519 | +€8,519 | |
| Total equity and liabilities | 10/49 | €1,524,767 | €1,269,653 | -€255,114 | -16.7% |
| Equity | 10/15 | €1,124,000 | €973,704 | -€150,296 | -13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,104,527 | €955,104 | -€149,423 | -13.5% |
| Non-distributable reserves | 130/1 | €782,860 | €626,360 | -€156,500 | -20.0% |
| Reserves not available under the articles | 1311 | €782,860 | €626,360 | -€156,500 | -20.0% |
| Tax-exempt reserves | 132 | €35,250 | €35,250 | = | 0.0% |
| Distributable reserves | 133 | €286,417 | €293,494 | +€7,077 | +2.5% |
| Profit (loss) carried forward | 14 | €873 | €0 | -€873 | -100% |
| Amounts payable | 17/49 | €400,767 | €295,949 | -€104,818 | -26.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €324,498 | €219,680 | -€104,818 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €68,120 | €0 | -€68,120 | -100% |
| Financial debts | 43 | €108,866 | €142,928 | +€34,062 | +31.3% |
| Credit institutions | 430/8 | €108,866 | €142,928 | +€34,062 | +31.3% |
| Trade debts | 44 | €125,190 | €29,783 | -€95,407 | -76.2% |
| Suppliers | 440/4 | €125,190 | €29,783 | -€95,407 | -76.2% |
| Taxes, remuneration and social security | 45 | €22,322 | €46,969 | +€24,647 | +110% |
| Taxes | 450/3 | €22,322 | €46,969 | +€24,647 | +110% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €76,269 | €76,269 | = | 0.0% |
| Non-recurring operating income | 76A | - | €13,752 | +€13,752 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,312 | €26,664 | +€11,352 | +74.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,366 | €4,941 | -€44,425 | -90.0% |
| Other operating charges | 640/8 | €6,541 | €8,507 | +€1,966 | +30.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €219,846 | €137,799 | -€82,048 | -37.3% |
| Operating profit (loss) | 9901 | €148,628 | €97,686 | -€50,941 | -34.3% |
| Financial income | 75/76B | €225 | €422 | +€197 | +87.6% |
| Recurring financial income | 75 | €225 | €422 | +€197 | +87.6% |
| Financial charges | 65/66B | €16,327 | €7,475 | -€8,853 | -54.2% |
| Recurring financial charges | 65 | €16,327 | €7,475 | -€8,853 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €132,525 | €90,634 | -€41,892 | -31.6% |
| Income taxes | 67/77 | €42,010 | €31,430 | -€10,580 | -25.2% |
| Profit (loss) for the period | 9904 | €90,515 | €59,204 | -€31,311 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,515 | €59,204 | -€31,311 | -34.6% |
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 22 October 2026 via checked.be.