TWINS O: 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 O
Largest movements
- Deferred charges and accrued income +€10,294
up €10,294 (+1,053%), from €978 to €11,272
- Receivables within one year -€4,405
down €4,405 (-84.7%), from €5,203 to €798
of which Other amounts receivable: -€4,582
- Cash -€1,274
down €1,274 (-13.9%), from €9,166 to €7,892
mainly Deferred charges and accrued income (-€10,294) and Tax, wage and social debts (-€1,205)
- Other debts +€2,891
new in 2025: €2,891
- Profit (loss) carried forward +€1,930
up €1,930 (+23.8%), from €8,106 to €10,036
- Tax, wage and social debts -€1,205
down €1,205 (-21.8%), from €5,517 to €4,312
- Trade debts +€999
up €999 (+141%), from €710 to €1,709
- Turnover +€16,729
up €16,729 (+22.0%), from €76,182 to €92,911
- Gross operating margin -€6,009
down €6,009 (-70.4%), from €8,539 to €2,530
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 | €18,833 | €23,448 | +€4,615 | +24.5% |
| Fixed assets | 21/28 | €3,486 | €3,486 | = | 0.0% |
| Tangible fixed assets | 22/27 | €486 | €486 | = | 0.0% |
| Plant, machinery and equipment | 23 | €486 | €486 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €15,347 | €19,962 | +€4,615 | +30.1% |
| Amounts receivable within one year | 40/41 | €5,203 | €798 | -€4,405 | -84.7% |
| Trade receivables | 40 | €621 | €798 | +€177 | +28.5% |
| Other amounts receivable | 41 | €4,582 | - | -€4,582 | |
| Cash at bank and in hand | 54/58 | €9,166 | €7,892 | -€1,274 | -13.9% |
| Deferred charges and accrued income | 490/1 | €978 | €11,272 | +€10,294 | +1,053% |
| Total equity and liabilities | 10/49 | €18,833 | €23,448 | +€4,615 | +24.5% |
| Equity | 10/15 | €12,606 | €14,536 | +€1,930 | +15.3% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,106 | €10,036 | +€1,930 | +23.8% |
| Amounts payable | 17/49 | €6,227 | €8,912 | +€2,685 | +43.1% |
| Amounts payable within one year | 42/48 | €6,227 | €8,912 | +€2,685 | +43.1% |
| Trade debts | 44 | €710 | €1,709 | +€999 | +141% |
| Suppliers | 440/4 | €710 | €1,709 | +€999 | +141% |
| Taxes, remuneration and social security | 45 | €5,517 | €4,312 | -€1,205 | -21.8% |
| Taxes | 450/3 | €5,517 | €4,312 | -€1,205 | -21.8% |
| Other amounts payable | 47/48 | - | €2,891 | +€2,891 | |
| Turnover | 70 | €76,182 | €92,911 | +€16,729 | +22.0% |
| Non-recurring operating income | 76A | €552 | €537 | -€15 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20 | - | -€20 | |
| Other operating charges | 640/8 | €453 | €358 | -€95 | -21.0% |
| Gross operating margin | 9900 | €8,539 | €2,530 | -€6,009 | -70.4% |
| Operating profit (loss) | 9901 | €8,066 | €2,172 | -€5,894 | -73.1% |
| Financial charges | 65/66B | €45 | €47 | +€2 | +4.4% |
| Recurring financial charges | 65 | €45 | €47 | +€2 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €8,021 | €2,125 | -€5,896 | -73.5% |
| Income taxes | 67/77 | - | €195 | +€195 | |
| Profit (loss) for the period | 9904 | €8,021 | €1,930 | -€6,091 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,021 | €1,930 | -€6,091 | -75.9% |
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 20 October 2026 via checked.be.