TWINSURE: what changed
Two fiscal 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.
TWINSURE
Largest movements
- Receivables within one year +€35,237
up €35,237 (+96.8%), from €36,405 to €71,642
- Cash -€10,867
down €10,867 (-82.8%), from €13,129 to €2,263
mainly Contributions, distributions and other (-€55,012) and Receivables within one year (-€35,237)
- Other debts +€32,649
up €32,649 (+28.1%), from €116,211 to €148,860
- Debts after one year -€23,670
down €23,670 (-10.5%), from €225,985 to €202,315
- Profit (loss) carried forward +€13,392
no longer reported in 2025 (was -€13,392)
- Financial income +€83,017
up €83,017 (+7525.3%), from €1,103 to €84,120
- Gross operating margin -€2,422
down €2,422 (-539.2%), from -€449 to -€2,871
- Financial charges -€826
down €826 (-6.5%), from €12,761 to €11,936
- Other operating charges -€384
down €384 (-49.0%), from €783 to €400
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.
Cash bridge derived
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 | €351,447 | €375,334 | +€23,887 | +6.8% |
| Formation expenses | 20 | €1,913 | €1,430 | -€483 | -25.2% |
| Fixed assets | 21/28 | €300,000 | €300,000 | = | 0.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €49,534 | €73,904 | +€24,370 | +49.2% |
| Amounts receivable within one year | 40/41 | €36,405 | €71,642 | +€35,237 | +96.8% |
| Other amounts receivable | 41 | €36,405 | €71,642 | +€35,237 | +96.8% |
| Cash at bank and in hand | 54/58 | €13,129 | €2,263 | -€10,867 | -82.8% |
| Total equity and liabilities | 10/49 | €351,447 | €375,334 | +€23,887 | +6.8% |
| Equity | 10/15 | -€13,292 | €100 | +€13,392 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,392 | - | +€13,392 | |
| Amounts payable | 17/49 | €364,740 | €375,234 | +€10,495 | +2.9% |
| Amounts payable after more than one year | 17 | €225,985 | €202,315 | -€23,670 | -10.5% |
| Financial debts | 170/4 | €225,985 | €202,315 | -€23,670 | -10.5% |
| Amounts payable within one year | 42/48 | €138,755 | €172,920 | +€34,164 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €22,544 | €23,670 | +€1,126 | +5.0% |
| Trade debts | 44 | - | €389 | +€389 | |
| Suppliers | 440/4 | - | €389 | +€389 | |
| Other amounts payable | 47/48 | €116,211 | €148,860 | +€32,649 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502 | €483 | -€19 | -3.8% |
| Other operating charges | 640/8 | €783 | €400 | -€384 | -49.0% |
| Gross operating margin | 9900 | -€449 | -€2,871 | -€2,422 | -539.2% |
| Operating profit (loss) | 9901 | -€1,734 | -€3,754 | -€2,019 | -116.4% |
| Financial income | 75/76B | €1,103 | €84,120 | +€83,017 | +7525.3% |
| Recurring financial income | 75 | €1,103 | €84,120 | +€83,017 | +7525.3% |
| Financial charges | 65/66B | €12,761 | €11,936 | -€826 | -6.5% |
| Recurring financial charges | 65 | €12,761 | €11,936 | -€826 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,392 | €68,431 | +€81,823 | |
| Income taxes | 67/77 | - | €26 | +€26 | |
| Profit (loss) for the period | 9904 | -€13,392 | €68,404 | +€81,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,392 | €68,404 | +€81,797 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.