TWINUS: 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.
TWINUS
Largest movements
- Stocks and contracts -€23,821
down €23,821 (-23.4%), from €101,610 to €77,789
- Cash +€5,334
up €5,334 (+102.4%), from €5,209 to €10,543
mainly Stocks and contracts (+€23,821) and Net result for the year (+€12,585)
- Receivables within one year -€4,589
down €4,589 (-11.4%), from €40,203 to €35,614
- Trade debts -€23,316
down €23,316 (-34.6%), from €67,470 to €44,153
- Profit (loss) carried forward +€12,585
up €12,585 (+74.7%), from -€16,847 to -€4,263
- Other debts -€8,252
down €8,252 (-24.9%), from €33,116 to €24,864
- Short-term financial debts -€2,351
down €2,351 (-10.2%), from €23,063 to €20,711
- Tax, wage and social debts -€2,053
down €2,053 (-9.6%), from €21,452 to €19,399
- Gross operating margin +€3,228
up €3,228 (+15.6%), from €20,723 to €23,951
- Taxes +€2,759
up €2,759 (+76.9%), from €3,589 to €6,348
- Other operating charges -€1,292
down €1,292 (-31.2%), from €4,140 to €2,848
- Depreciation -€249
down €249 (-100.0%), from €249 to €0
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 | €148,254 | €124,865 | -€23,389 | -15.8% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €147,754 | €124,365 | -€23,389 | -15.8% |
| Stocks and contracts in progress | 3 | €101,610 | €77,789 | -€23,821 | -23.4% |
| Stocks | 30/36 | €101,610 | €77,789 | -€23,821 | -23.4% |
| Amounts receivable within one year | 40/41 | €40,203 | €35,614 | -€4,589 | -11.4% |
| Trade receivables | 40 | €40,203 | €35,614 | -€4,589 | -11.4% |
| Cash at bank and in hand | 54/58 | €5,209 | €10,543 | +€5,334 | +102.4% |
| Deferred charges and accrued income | 490/1 | €732 | €419 | -€313 | -42.8% |
| Total equity and liabilities | 10/49 | €148,254 | €124,865 | -€23,389 | -15.8% |
| Equity | 10/15 | €3,153 | €15,737 | +€12,585 | +399.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,847 | -€4,263 | +€12,585 | +74.7% |
| Amounts payable | 17/49 | €145,101 | €109,128 | -€35,974 | -24.8% |
| Amounts payable within one year | 42/48 | €145,101 | €109,128 | -€35,974 | -24.8% |
| Financial debts | 43 | €23,063 | €20,711 | -€2,351 | -10.2% |
| Credit institutions | 430/8 | €23,063 | €20,711 | -€2,351 | -10.2% |
| Trade debts | 44 | €67,470 | €44,153 | -€23,316 | -34.6% |
| Suppliers | 440/4 | €67,470 | €44,153 | -€23,316 | -34.6% |
| Taxes, remuneration and social security | 45 | €21,452 | €19,399 | -€2,053 | -9.6% |
| Taxes | 450/3 | €21,452 | €19,399 | -€2,053 | -9.6% |
| Other amounts payable | 47/48 | €33,116 | €24,864 | -€8,252 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €0 | -€249 | -100.0% |
| Other operating charges | 640/8 | €4,140 | €2,848 | -€1,292 | -31.2% |
| Gross operating margin | 9900 | €20,723 | €23,951 | +€3,228 | +15.6% |
| Operating profit (loss) | 9901 | €16,334 | €21,103 | +€4,769 | +29.2% |
| Financial income | 75/76B | €0 | €31 | +€31 | |
| Recurring financial income | 75 | €0 | €31 | +€31 | |
| Financial charges | 65/66B | €2,370 | €2,201 | -€169 | -7.1% |
| Recurring financial charges | 65 | €2,370 | €2,201 | -€169 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €13,964 | €18,932 | +€4,969 | +35.6% |
| Income taxes | 67/77 | €3,589 | €6,348 | +€2,759 | +76.9% |
| Profit (loss) for the period | 9904 | €10,375 | €12,585 | +€2,210 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,375 | €12,585 | +€2,210 | +21.3% |
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 6 October 2026 via checked.be.