TWINSCORP: 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.
TWINSCORP
Largest movements
- Receivables after one year +€8,499
new in 2025: €8,499
- Debts after one year -€107,810
down €107,810 (-82.6%), from €130,573 to €22,763
- Other debts +€104,280
up €104,280 (+51.0%), from €204,325 to €308,605
- Profit (loss) carried forward +€45,891
up €45,891, from -€6,592 to €39,299
- Current portion of long-term debt -€17,886
down €17,886 (-64.0%), from €27,964 to €10,078
- Tax, wage and social debts -€13,207
down €13,207 (-96.7%), from €13,655 to €448
- Gross operating margin +€38,755
up €38,755 (+68.6%), from €56,512 to €95,267
- Depreciation -€22,655
down €22,655 (-35.9%), from €63,104 to €40,449
- Other operating charges +€1,991
up €1,991 (+204%), from €976 to €2,967
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 | €390,245 | €400,844 | +€10,600 | +2.7% |
| Fixed assets | 21/28 | €370,288 | €371,715 | +€1,426 | +0.4% |
| Tangible fixed assets | 22/27 | €368,948 | €370,375 | +€1,426 | +0.4% |
| Land and buildings | 22 | €287,722 | €271,237 | -€16,486 | -5.7% |
| Plant, machinery and equipment | 23 | €234 | €0 | -€234 | -100% |
| Furniture and vehicles | 24 | €80,992 | €99,138 | +€18,146 | +22.4% |
| Financial fixed assets | 28 | €1,340 | €1,340 | = | 0.0% |
| Current assets | 29/58 | €19,956 | €29,130 | +€9,173 | +46.0% |
| Amounts receivable after more than one year | 29 | - | €8,499 | +€8,499 | |
| Other amounts receivable | 291 | - | €8,499 | +€8,499 | |
| Amounts receivable within one year | 40/41 | €7,431 | €10,464 | +€3,033 | +40.8% |
| Trade receivables | 40 | €6,552 | €0 | -€6,552 | -100% |
| Other amounts receivable | 41 | €879 | €10,464 | +€9,585 | +1,090% |
| Cash at bank and in hand | 54/58 | €12,525 | €10,166 | -€2,360 | -18.8% |
| Total equity and liabilities | 10/49 | €390,245 | €400,844 | +€10,600 | +2.7% |
| Equity | 10/15 | €12,008 | €57,899 | +€45,891 | +382% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,592 | €39,299 | +€45,891 | |
| Amounts payable | 17/49 | €378,237 | €342,945 | -€35,292 | -9.3% |
| Amounts payable after more than one year | 17 | €130,573 | €22,763 | -€107,810 | -82.6% |
| Financial debts | 170/4 | €130,573 | €22,763 | -€107,810 | -82.6% |
| Amounts payable within one year | 42/48 | €247,664 | €320,182 | +€72,519 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €27,964 | €10,078 | -€17,886 | -64.0% |
| Trade debts | 44 | €1,720 | €1,052 | -€668 | -38.8% |
| Suppliers | 440/4 | €1,720 | €1,052 | -€668 | -38.8% |
| Taxes, remuneration and social security | 45 | €13,655 | €448 | -€13,207 | -96.7% |
| Taxes | 450/3 | €13,655 | €448 | -€13,207 | -96.7% |
| Other amounts payable | 47/48 | €204,325 | €308,605 | +€104,280 | +51.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,104 | €40,449 | -€22,655 | -35.9% |
| Other operating charges | 640/8 | €976 | €2,967 | +€1,991 | +204% |
| Gross operating margin | 9900 | €56,512 | €95,267 | +€38,755 | +68.6% |
| Operating profit (loss) | 9901 | -€7,569 | €51,851 | +€59,419 | |
| Financial income | 75/76B | €16 | €187 | +€171 | +1,064% |
| Recurring financial income | 75 | €16 | €187 | +€171 | +1,064% |
| Financial charges | 65/66B | €6,942 | €6,135 | -€807 | -11.6% |
| Recurring financial charges | 65 | €6,942 | €6,135 | -€807 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,494 | €45,902 | +€60,397 | |
| Income taxes | 67/77 | - | €11 | +€11 | |
| Profit (loss) for the period | 9904 | -€14,494 | €45,891 | +€60,386 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,494 | €45,891 | +€60,386 |
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 18 October 2026 via checked.be.