TWINS TRANSPORT: what changed
TWINS TRANSPORT
Largest movements
- Receivables within one year +€148,875
up €148,875 (+48.5%), from €306,827 to €455,702
of which Trade receivables: +€93,437
- Tangible fixed assets +€108,871
up €108,871 (+69.9%), from €155,827 to €264,699
of which Leasing and similar rights: +€90,937
- Stocks and contracts +€29,100
up €29,100 (+831%), from €3,500 to €32,600
- Financial fixed assets +€10,270
up €10,270 (+60.8%), from €16,878 to €27,148
- Trade debts +€132,933
up €132,933 (+55.3%), from €240,361 to €373,294
- Tax, wage and social debts +€100,430
up €100,430 (+177%), from €56,719 to €157,149
of which Taxes: +€95,660
- Current portion of long-term debt +€79,370
up €79,370 (+308%), from €25,759 to €105,129
- Profit (loss) carried forward -€39,932
down €39,932 (-63.6%), from €62,785 to €22,852
- Short-term financial debts +€28,250
new in 2025: €28,250
- Gross operating margin +€154,335
up €154,335 (+54.7%), from €282,391 to €436,727
- Staff costs +€141,218
up €141,218 (+71.1%), from €198,660 to €339,878
- Financial charges +€37,076
up €37,076 (+531%), from €6,989 to €44,064
of which Financial charges: +€37,241
- Depreciation +€33,677
up €33,677 (+77.6%), from €43,404 to €77,081
- Taxes -€7,523
down €7,523 (-67.1%), from €11,206 to €3,683
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €489,039 | €788,531 | +€299,491 | +61.2% |
| Fixed assets | 21/28 | €172,705 | €291,847 | +€119,141 | +69.0% |
| Tangible fixed assets | 22/27 | €155,827 | €264,699 | +€108,871 | +69.9% |
| Furniture and vehicles | 24 | - | €17,934 | +€17,934 | |
| Leasing and similar rights | 25 | €155,827 | €246,765 | +€90,937 | +58.4% |
| Financial fixed assets | 28 | €16,878 | €27,148 | +€10,270 | +60.8% |
| Current assets | 29/58 | €316,334 | €496,684 | +€180,350 | +57.0% |
| Stocks and contracts in progress | 3 | €3,500 | €32,600 | +€29,100 | +831% |
| Stocks | 30/36 | €3,500 | €32,600 | +€29,100 | +831% |
| Amounts receivable within one year | 40/41 | €306,827 | €455,702 | +€148,875 | +48.5% |
| Trade receivables | 40 | €233,365 | €326,802 | +€93,437 | +40.0% |
| Other amounts receivable | 41 | €73,462 | €128,900 | +€55,439 | +75.5% |
| Cash at bank and in hand | 54/58 | €18 | - | -€18 | |
| Deferred charges and accrued income | 490/1 | €5,989 | €8,382 | +€2,393 | +39.9% |
| Total equity and liabilities | 10/49 | €489,039 | €788,531 | +€299,491 | +61.2% |
| Equity | 10/15 | €65,785 | €25,852 | -€39,932 | -60.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,785 | €22,852 | -€39,932 | -63.6% |
| Amounts payable | 17/49 | €423,255 | €762,679 | +€339,424 | +80.2% |
| Amounts payable after more than one year | 17 | €100,416 | €98,857 | -€1,559 | -1.6% |
| Financial debts | 170/4 | €100,416 | €98,857 | -€1,559 | -1.6% |
| Amounts payable within one year | 42/48 | €322,839 | €663,822 | +€340,983 | +106% |
| Current portion of amounts payable after more than one year | 42 | €25,759 | €105,129 | +€79,370 | +308% |
| Financial debts | 43 | - | €28,250 | +€28,250 | |
| Credit institutions | 430/8 | - | €28,250 | +€28,250 | |
| Trade debts | 44 | €240,361 | €373,294 | +€132,933 | +55.3% |
| Suppliers | 440/4 | €240,361 | €373,294 | +€132,933 | +55.3% |
| Taxes, remuneration and social security | 45 | €56,719 | €157,149 | +€100,430 | +177% |
| Taxes | 450/3 | €21,944 | €117,604 | +€95,660 | +436% |
| Remuneration and social security | 454/9 | €34,776 | €39,545 | +€4,770 | +13.7% |
| Remuneration, social security and pensions | 62 | €198,660 | €339,878 | +€141,218 | +71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,404 | €77,081 | +€33,677 | +77.6% |
| Other operating charges | 640/8 | - | €4,186 | +€4,186 | |
| Non-recurring operating charges | 66A | €25,078 | €7,807 | -€17,271 | -68.9% |
| Gross operating margin | 9900 | €282,391 | €436,727 | +€154,335 | +54.7% |
| Operating profit (loss) | 9901 | €15,249 | €7,775 | -€7,474 | -49.0% |
| Financial income | 75/76B | €11 | €39 | +€29 | +269% |
| Recurring financial income | 75 | €11 | €39 | +€29 | +269% |
| Financial charges | 65/66B | €6,989 | €44,064 | +€37,076 | +531% |
| Recurring financial charges | 65 | €1,603 | €38,844 | +€37,241 | +2,324% |
| Non-recurring financial charges | 66B | €5,386 | €5,221 | -€165 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €8,271 | -€36,250 | -€44,521 | |
| Income taxes | 67/77 | €11,206 | €3,683 | -€7,523 | -67.1% |
| Profit (loss) for the period | 9904 | -€2,934 | -€39,932 | -€36,998 | -1,261% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,934 | -€39,932 | -€36,998 | -1,261% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.