TWINS GEMERS: 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 GEMERS
Largest movements
- Tangible fixed assets -€45,372
down €45,372 (-2.5%), from €1.8m to €1.8m
of which Land and buildings: -€41,330
- Receivables within one year +€24,106
up €24,106 (+615%), from €3,922 to €28,028
of which Trade receivables: +€25,079
- Trade debts -€79,165
down €79,165 (-88.7%), from €89,262 to €10,097
- Other debts +€72,631
up €72,631 (+4.6%), from €1.6m to €1.7m
- Debts after one year -€27,951
down €27,951 (-9.0%), from €310,864 to €282,913
- Depreciation -€80,760
down €80,760 (-64.0%), from €126,131 to €45,372
- Gross operating margin +€50,180
up €50,180 (+160%), from €31,281 to €81,462
- Other operating charges +€2,986
up €2,986 (+33.2%), from €8,980 to €11,965
- Financial charges -€1,265
down €1,265 (-15.4%), from €8,239 to €6,973
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 | €2,089,259 | €2,068,842 | -€20,418 | -1.0% |
| Fixed assets | 21/28 | €1,848,777 | €1,803,405 | -€45,372 | -2.5% |
| Tangible fixed assets | 22/27 | €1,848,777 | €1,803,405 | -€45,372 | -2.5% |
| Land and buildings | 22 | €1,812,581 | €1,771,251 | -€41,330 | -2.3% |
| Plant, machinery and equipment | 23 | €35,875 | €32,154 | -€3,722 | -10.4% |
| Other tangible fixed assets | 26 | €320 | - | -€320 | |
| Current assets | 29/58 | €240,483 | €265,437 | +€24,954 | +10.4% |
| Stocks and contracts in progress | 3 | €233,604 | €221,092 | -€12,511 | -5.4% |
| Stocks | 30/36 | €233,604 | €221,092 | -€12,511 | -5.4% |
| Amounts receivable within one year | 40/41 | €3,922 | €28,028 | +€24,106 | +615% |
| Trade receivables | 40 | €2,143 | €27,223 | +€25,079 | +1,170% |
| Other amounts receivable | 41 | €1,778 | €805 | -€973 | -54.7% |
| Cash at bank and in hand | 54/58 | €1,837 | €12,754 | +€10,916 | +594% |
| Deferred charges and accrued income | 490/1 | €1,120 | €3,563 | +€2,443 | +218% |
| Total equity and liabilities | 10/49 | €2,089,259 | €2,068,842 | -€20,418 | -1.0% |
| Equity | 10/15 | €68,575 | €85,727 | +€17,151 | +25.0% |
| Contributions | 10/11 | €25,995 | €25,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,580 | €59,732 | +€17,151 | +40.3% |
| Amounts payable | 17/49 | €2,020,684 | €1,983,115 | -€37,569 | -1.9% |
| Amounts payable after more than one year | 17 | €310,864 | €282,913 | -€27,951 | -9.0% |
| Financial debts | 170/4 | €310,864 | €282,913 | -€27,951 | -9.0% |
| Amounts payable within one year | 42/48 | €1,704,154 | €1,698,207 | -€5,948 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €27,365 | €27,951 | +€586 | +2.1% |
| Trade debts | 44 | €89,262 | €10,097 | -€79,165 | -88.7% |
| Suppliers | 440/4 | €89,262 | €10,097 | -€79,165 | -88.7% |
| Other amounts payable | 47/48 | €1,587,527 | €1,660,158 | +€72,631 | +4.6% |
| Accrued charges and deferred income | 492/3 | €5,666 | €1,996 | -€3,670 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,131 | €45,372 | -€80,760 | -64.0% |
| Other operating charges | 640/8 | €8,980 | €11,965 | +€2,986 | +33.2% |
| Gross operating margin | 9900 | €31,281 | €81,462 | +€50,180 | +160% |
| Operating profit (loss) | 9901 | -€103,830 | €24,125 | +€127,954 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,239 | €6,973 | -€1,265 | -15.4% |
| Recurring financial charges | 65 | €8,239 | €6,973 | -€1,265 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€112,068 | €17,151 | +€129,220 | |
| Profit (loss) for the period | 9904 | -€112,068 | €17,151 | +€129,220 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,068 | €17,151 | +€129,220 |
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 26 October 2026 via checked.be.