TWINS GARDEN: 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 GARDEN
Largest movements
- Tangible fixed assets -€21,409
down €21,409 (-48.2%), from €44,459 to €23,050
of which Plant, machinery and equipment: -€12,056
- Receivables within one year +€18,819
up €18,819 (+99.9%), from €18,829 to €37,649
of which Trade receivables: +€18,919
- Cash -€9,712
down €9,712 (-94.3%), from €10,296 to €584
mainly Receivables within one year (-€18,819) and Net result for the year (-€17,472)
- Profit (loss) carried forward -€17,472
down €17,472 (-34.9%), from -€50,007 to -€67,478
- Other debts +€17,101
up €17,101 (+19.2%), from €89,298 to €106,399
- Current portion of long-term debt -€9,487
down €9,487 (-84.0%), from €11,295 to €1,808
- Debts after one year -€1,814
down €1,814 (-36.9%), from €4,919 to €3,105
- Trade debts -€969
down €969 (-10.9%), from €8,864 to €7,895
- Gross operating margin -€20,809
down €20,809 (-35.2%), from €59,086 to €38,277
- Staff costs -€10,206
down €10,206 (-24.6%), from €41,461 to €31,256
- Depreciation -€1,895
down €1,895 (-7.8%), from €24,300 to €22,405
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,374 | €63,375 | -€12,999 | -17.0% |
| Fixed assets | 21/28 | €44,459 | €23,050 | -€21,409 | -48.2% |
| Tangible fixed assets | 22/27 | €44,459 | €23,050 | -€21,409 | -48.2% |
| Plant, machinery and equipment | 23 | €32,905 | €20,849 | -€12,056 | -36.6% |
| Furniture and vehicles | 24 | €11,554 | €2,201 | -€9,353 | -81.0% |
| Current assets | 29/58 | €31,915 | €40,325 | +€8,410 | +26.4% |
| Stocks and contracts in progress | 3 | €134 | - | -€134 | |
| Stocks | 30/36 | €134 | - | -€134 | |
| Amounts receivable within one year | 40/41 | €18,829 | €37,649 | +€18,819 | +99.9% |
| Trade receivables | 40 | €18,729 | €37,649 | +€18,919 | +101% |
| Other amounts receivable | 41 | €100 | - | -€100 | |
| Cash at bank and in hand | 54/58 | €10,296 | €584 | -€9,712 | -94.3% |
| Deferred charges and accrued income | 490/1 | €2,656 | €2,093 | -€563 | -21.2% |
| Total equity and liabilities | 10/49 | €76,374 | €63,375 | -€12,999 | -17.0% |
| Equity | 10/15 | -€42,629 | -€60,100 | -€17,472 | -41.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,078 | €1,078 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,078 | €1,078 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,078 | €1,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,007 | -€67,478 | -€17,472 | -34.9% |
| Amounts payable | 17/49 | €119,003 | €123,475 | +€4,473 | +3.8% |
| Amounts payable after more than one year | 17 | €4,919 | €3,105 | -€1,814 | -36.9% |
| Financial debts | 170/4 | €4,919 | €3,105 | -€1,814 | -36.9% |
| Amounts payable within one year | 42/48 | €114,083 | €120,370 | +€6,286 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €11,295 | €1,808 | -€9,487 | -84.0% |
| Trade debts | 44 | €8,864 | €7,895 | -€969 | -10.9% |
| Suppliers | 440/4 | €8,864 | €7,895 | -€969 | -10.9% |
| Taxes, remuneration and social security | 45 | €4,626 | €4,267 | -€359 | -7.8% |
| Taxes | 450/3 | €1,398 | €1,912 | +€515 | +36.8% |
| Remuneration and social security | 454/9 | €3,228 | €2,355 | -€874 | -27.1% |
| Other amounts payable | 47/48 | €89,298 | €106,399 | +€17,101 | +19.2% |
| Remuneration, social security and pensions | 62 | €41,461 | €31,256 | -€10,206 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,300 | €22,405 | -€1,895 | -7.8% |
| Other operating charges | 640/8 | €1,359 | €1,759 | +€400 | +29.5% |
| Gross operating margin | 9900 | €59,086 | €38,277 | -€20,809 | -35.2% |
| Operating profit (loss) | 9901 | -€8,035 | -€17,144 | -€9,109 | -113% |
| Financial income | 75/76B | €1 | €0 | -€1 | -94.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -94.7% |
| Financial charges | 65/66B | €445 | €317 | -€128 | -28.7% |
| Recurring financial charges | 65 | €445 | €317 | -€128 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,479 | -€17,461 | -€8,982 | -106% |
| Income taxes | 67/77 | - | €11 | +€11 | |
| Profit (loss) for the period | 9904 | -€8,479 | -€17,472 | -€8,993 | -106% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,479 | -€17,472 | -€8,993 | -106% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.