TWINS PUMP: 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 PUMP
Largest movements
- Receivables within one year -€164,772
down €164,772 (-61.0%), from €270,248 to €105,476
of which Trade receivables: -€128,763
- Cash -€9,732
down €9,732 (-42.8%), from €22,754 to €13,022
- Tax, wage and social debts -€92,329
down €92,329 (-82.6%), from €111,718 to €19,389
of which Remuneration and social security: -€81,638
- Trade debts -€39,630
down €39,630 (-43.2%), from €91,649 to €52,019
- Provisions -€21,500
no longer reported in 2025 (was €21,500)
- Other debts -€9,196
down €9,196 (-92.0%), from €10,000 to €804
- Profit (loss) carried forward -€8,336
down €8,336 (-14.1%), from €59,288 to €50,953
- Gross operating margin -€84,894
down €84,894 (-72.5%), from €117,111 to €32,217
- Financial income +€32,905
up €32,905 (+512%), from €6,426 to €39,331
of which Financial income: +€32,905
- Staff costs +€20,898
up €20,898 (+30.4%), from €68,821 to €89,720
- Taxes -€16,682
no longer reported in 2025 (was €16,682)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,156 | €123,164 | -€170,992 | -58.1% |
| Fixed assets | 21/28 | €721 | €4,203 | +€3,482 | +483% |
| Tangible fixed assets | 22/27 | €721 | €2,473 | +€1,752 | +243% |
| Plant, machinery and equipment | 23 | €721 | - | -€721 | |
| Furniture and vehicles | 24 | - | €2,473 | +€2,473 | |
| Financial fixed assets | 28 | - | €1,730 | +€1,730 | |
| Current assets | 29/58 | €293,434 | €118,961 | -€174,474 | -59.5% |
| Amounts receivable within one year | 40/41 | €270,248 | €105,476 | -€164,772 | -61.0% |
| Trade receivables | 40 | €226,903 | €98,140 | -€128,763 | -56.7% |
| Other amounts receivable | 41 | €43,345 | €7,336 | -€36,009 | -83.1% |
| Cash at bank and in hand | 54/58 | €22,754 | €13,022 | -€9,732 | -42.8% |
| Deferred charges and accrued income | 490/1 | €432 | €463 | +€31 | +7.1% |
| Total equity and liabilities | 10/49 | €294,156 | €123,164 | -€170,992 | -58.1% |
| Equity | 10/15 | €59,288 | €50,953 | -€8,336 | -14.1% |
| Profit (loss) carried forward | 14 | €59,288 | €50,953 | -€8,336 | -14.1% |
| Provisions and deferred taxes | 16 | €21,500 | - | -€21,500 | |
| Provisions for liabilities and charges | 160/5 | €21,500 | - | -€21,500 | |
| Other liabilities and charges | 164/5 | €21,500 | - | -€21,500 | |
| Amounts payable | 17/49 | €213,367 | €72,211 | -€141,156 | -66.2% |
| Amounts payable within one year | 42/48 | €213,367 | €72,211 | -€141,156 | -66.2% |
| Trade debts | 44 | €91,649 | €52,019 | -€39,630 | -43.2% |
| Suppliers | 440/4 | €91,649 | €52,019 | -€39,630 | -43.2% |
| Taxes, remuneration and social security | 45 | €111,718 | €19,389 | -€92,329 | -82.6% |
| Taxes | 450/3 | €30,079 | €19,389 | -€10,691 | -35.5% |
| Remuneration and social security | 454/9 | €81,638 | - | -€81,638 | |
| Other amounts payable | 47/48 | €10,000 | €804 | -€9,196 | -92.0% |
| Remuneration, social security and pensions | 62 | €68,821 | €89,720 | +€20,898 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €681 | €134 | -€547 | -80.3% |
| Other operating charges | 640/8 | €974 | €790 | -€184 | -18.9% |
| Gross operating margin | 9900 | €117,111 | €32,217 | -€84,894 | -72.5% |
| Operating profit (loss) | 9901 | €46,635 | -€58,426 | -€105,061 | |
| Financial income | 75/76B | €6,426 | €39,331 | +€32,905 | +512% |
| Recurring financial income | 75 | €6,426 | €39,331 | +€32,905 | +512% |
| Non-recurring financial income | 76B | €6,426 | €39,331 | +€32,905 | +512% |
| Financial charges | 65/66B | €15 | €99 | +€84 | +560% |
| Recurring financial charges | 65 | €15 | €99 | +€84 | +560% |
| Non-recurring financial charges | 66B | €15 | - | -€15 | |
| Profit (loss) for the period before taxes | 9903 | €53,046 | -€19,194 | -€72,240 | |
| Income taxes | 67/77 | €16,682 | - | -€16,682 | |
| Profit (loss) for the period | 9904 | €36,364 | -€19,194 | -€55,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,364 | -€19,194 | -€55,558 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 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.