TWINS KITCHEN: 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 KITCHEN
Largest movements
- Receivables within one year +€10,662
up €10,662 (+57.6%), from €18,521 to €29,183
of which Trade receivables: +€14,022
- Intangible fixed assets +€8,992
new in 2025: €8,992
- Tangible fixed assets -€2,773
down €2,773 (-42.4%), from €6,539 to €3,765
- Cash +€769
up €769 (+19.1%), from €4,016 to €4,785
mainly Trade debts (+€11,489) and Advances received (+€7,775)
- Trade debts +€11,489
up €11,489 (+46.2%), from €24,883 to €36,372
- Advances received +€7,775
new in 2025: €7,775
- Profit (loss) carried forward -€2,719
down €2,719 (-41.2%), from -€6,606 to -€9,325
- Other debts +€760
up €760 (+103%), from €737 to €1,497
- Staff costs -€8,298
down €8,298 (-8.9%), from €92,986 to €84,689
- Gross operating margin +€7,872
up €7,872 (+9.0%), from €87,713 to €95,585
- Taxes +€2,568
up €2,568, from -€411 to €2,157
- Financial charges +€2,267
up €2,267 (+86.0%), from €2,636 to €4,903
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 | €34,915 | €52,737 | +€17,821 | +51.0% |
| Fixed assets | 21/28 | €7,219 | €13,437 | +€6,218 | +86.1% |
| Intangible fixed assets | 21 | - | €8,992 | +€8,992 | |
| Tangible fixed assets | 22/27 | €6,539 | €3,765 | -€2,773 | -42.4% |
| Plant, machinery and equipment | 23 | €4,052 | €2,769 | -€1,283 | -31.7% |
| Furniture and vehicles | 24 | €2,263 | €996 | -€1,267 | -56.0% |
| Other tangible fixed assets | 26 | €224 | - | -€224 | |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €27,697 | €39,300 | +€11,603 | +41.9% |
| Amounts receivable within one year | 40/41 | €18,521 | €29,183 | +€10,662 | +57.6% |
| Trade receivables | 40 | €15,161 | €29,183 | +€14,022 | +92.5% |
| Other amounts receivable | 41 | €3,360 | - | -€3,360 | |
| Current investments | 50/53 | €4,833 | €4,833 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,016 | €4,785 | +€769 | +19.1% |
| Deferred charges and accrued income | 490/1 | €326 | €498 | +€172 | +52.7% |
| Total equity and liabilities | 10/49 | €34,915 | €52,737 | +€17,821 | +51.0% |
| Equity | 10/15 | €1,702 | -€1,017 | -€2,719 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €308 | €308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €308 | €308 | = | 0.0% |
| Reserves not available under the articles | 1311 | €308 | €308 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,606 | -€9,325 | -€2,719 | -41.2% |
| Amounts payable | 17/49 | €33,213 | €53,753 | +€20,540 | +61.8% |
| Amounts payable within one year | 42/48 | €33,213 | €53,753 | +€20,540 | +61.8% |
| Trade debts | 44 | €24,883 | €36,372 | +€11,489 | +46.2% |
| Suppliers | 440/4 | €24,883 | €36,372 | +€11,489 | +46.2% |
| Advances received on contracts in progress | 46 | - | €7,775 | +€7,775 | |
| Taxes, remuneration and social security | 45 | €7,593 | €8,109 | +€516 | +6.8% |
| Taxes | 450/3 | €1,380 | €2,208 | +€828 | +60.0% |
| Remuneration and social security | 454/9 | €6,213 | €5,902 | -€312 | -5.0% |
| Other amounts payable | 47/48 | €737 | €1,497 | +€760 | +103% |
| Remuneration, social security and pensions | 62 | €92,986 | €84,689 | -€8,298 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,443 | €2,782 | -€661 | -19.2% |
| Other operating charges | 640/8 | €2,874 | €3,808 | +€934 | +32.5% |
| Gross operating margin | 9900 | €87,713 | €95,585 | +€7,872 | +9.0% |
| Operating profit (loss) | 9901 | -€11,590 | €4,306 | +€15,897 | |
| Financial income | 75/76B | €1 | €34 | +€34 | +6,285% |
| Recurring financial income | 75 | €1 | €34 | +€34 | +6,285% |
| Financial charges | 65/66B | €2,636 | €4,903 | +€2,267 | +86.0% |
| Recurring financial charges | 65 | €2,636 | €4,903 | +€2,267 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,225 | -€562 | +€13,663 | +96.0% |
| Income taxes | 67/77 | -€411 | €2,157 | +€2,568 | |
| Profit (loss) for the period | 9904 | -€13,814 | -€2,719 | +€11,095 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,814 | -€2,719 | +€11,095 | +80.3% |
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 13 October 2026 via checked.be.