TWINSS: 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.
TWINSS
Largest movements
- Receivables within one year +€13,121
new in 2025: €13,121
- Tangible fixed assets -€479
down €479 (-23.9%), from €2,004 to €1,525
- Reserves +€9,853
new in 2025: €9,853
- Tax, wage and social debts +€3,969
up €3,969 (+561%), from €707 to €4,676
- Other debts -€1,401
no longer reported in 2025 (was €1,401)
- Trade debts -€279
down €279 (-87.7%), from €318 to €39
- Profit (loss) carried forward +€251
no longer reported in 2025 (was -€251)
- Gross operating margin +€10,741
up €10,741 (+297%), from €3,613 to €14,354
- Taxes +€3,635
up €3,635 (+865%), from €420 to €4,055
- Financial income +€476
new in 2025: €476
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 | €4,175 | €16,568 | +€12,392 | +297% |
| Fixed assets | 21/28 | €2,004 | €1,525 | -€479 | -23.9% |
| Tangible fixed assets | 22/27 | €2,004 | €1,525 | -€479 | -23.9% |
| Furniture and vehicles | 24 | €2,004 | €1,525 | -€479 | -23.9% |
| Current assets | 29/58 | €2,171 | €15,042 | +€12,872 | +593% |
| Amounts receivable within one year | 40/41 | - | €13,121 | +€13,121 | |
| Other amounts receivable | 41 | - | €13,121 | +€13,121 | |
| Cash at bank and in hand | 54/58 | €2,037 | €1,901 | -€136 | -6.7% |
| Deferred charges and accrued income | 490/1 | €134 | €20 | -€114 | -85.2% |
| Total equity and liabilities | 10/49 | €4,175 | €16,568 | +€12,392 | +297% |
| Equity | 10/15 | €1,749 | €11,853 | +€10,103 | +578% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €9,853 | +€9,853 | |
| Distributable reserves | 133 | - | €9,853 | +€9,853 | |
| Profit (loss) carried forward | 14 | -€251 | - | +€251 | |
| Amounts payable | 17/49 | €2,426 | €4,715 | +€2,289 | +94.4% |
| Amounts payable within one year | 42/48 | €2,426 | €4,715 | +€2,289 | +94.4% |
| Trade debts | 44 | €318 | €39 | -€279 | -87.7% |
| Suppliers | 440/4 | €318 | €39 | -€279 | -87.7% |
| Taxes, remuneration and social security | 45 | €707 | €4,676 | +€3,969 | +561% |
| Taxes | 450/3 | €707 | €4,676 | +€3,969 | +561% |
| Other amounts payable | 47/48 | €1,401 | - | -€1,401 | |
| Non-recurring operating income | 76A | - | €4,770 | +€4,770 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391 | €479 | +€88 | +22.4% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €3,613 | €14,354 | +€10,741 | +297% |
| Operating profit (loss) | 9901 | €3,160 | €13,813 | +€10,653 | +337% |
| Financial income | 75/76B | - | €476 | +€476 | |
| Recurring financial income | 75 | - | €476 | +€476 | |
| Financial charges | 65/66B | €89 | €131 | +€42 | +46.7% |
| Recurring financial charges | 65 | €89 | €131 | +€42 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €3,070 | €14,158 | +€11,088 | +361% |
| Income taxes | 67/77 | €420 | €4,055 | +€3,635 | +865% |
| Profit (loss) for the period | 9904 | €2,650 | €10,103 | +€7,453 | +281% |
| Profit (loss) for the period to be appropriated | 9905 | €2,650 | €10,103 | +€7,453 | +281% |
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 15 October 2026 via checked.be.