TWINZ: 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.
TWINZ
Largest movements
- Cash +€109,680
up €109,680 (+93.0%), from €117,928 to €227,608
mainly Net result for the year (+€95,343) and Depreciation (+€15,444)
- Tangible fixed assets -€6,616
down €6,616 (-11.9%), from €55,478 to €48,862
of which Plant, machinery and equipment: -€3,433
- Receivables within one year +€6,216
up €6,216 (+111.3%), from €5,585 to €11,801
of which Trade receivables: +€5,447
- Reserves +€95,343
up €95,343 (+69.9%), from €136,350 to €231,694
- Trade debts +€5,993
up €5,993 (+218.5%), from €2,743 to €8,736
- Other debts +€5,188
up €5,188 (+35.0%), from €14,836 to €20,024
- Tax, wage and social debts +€4,212
up €4,212 (+23.2%), from €18,128 to €22,341
- Gross operating margin +€61,322
up €61,322 (+65.9%), from €92,996 to €154,318
- Taxes +€18,331
up €18,331 (+86.3%), from €21,242 to €39,573
- Depreciation -€2,582
down €2,582 (-14.3%), from €18,026 to €15,444
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 | €188,257 | €298,994 | +€110,737 | +58.8% |
| Fixed assets | 21/28 | €55,478 | €48,862 | -€6,616 | -11.9% |
| Tangible fixed assets | 22/27 | €55,478 | €48,862 | -€6,616 | -11.9% |
| Plant, machinery and equipment | 23 | €49,031 | €45,598 | -€3,433 | -7.0% |
| Furniture and vehicles | 24 | €4,315 | €1,415 | -€2,900 | -67.2% |
| Other tangible fixed assets | 26 | €2,132 | €1,849 | -€282 | -13.2% |
| Current assets | 29/58 | €132,779 | €250,132 | +€117,353 | +88.4% |
| Stocks and contracts in progress | 3 | €8,116 | €8,982 | +€866 | +10.7% |
| Stocks | 30/36 | €8,116 | €8,982 | +€866 | +10.7% |
| Amounts receivable within one year | 40/41 | €5,585 | €11,801 | +€6,216 | +111.3% |
| Trade receivables | 40 | - | €5,447 | +€5,447 | |
| Other amounts receivable | 41 | €5,585 | €6,355 | +€769 | +13.8% |
| Cash at bank and in hand | 54/58 | €117,928 | €227,608 | +€109,680 | +93.0% |
| Deferred charges and accrued income | 490/1 | €1,150 | €1,741 | +€591 | +51.3% |
| Total equity and liabilities | 10/49 | €188,257 | €298,994 | +€110,737 | +58.8% |
| Equity | 10/15 | €152,550 | €247,894 | +€95,343 | +62.5% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €136,350 | €231,694 | +€95,343 | +69.9% |
| Distributable reserves | 133 | €136,350 | €231,694 | +€95,343 | +69.9% |
| Amounts payable | 17/49 | €35,707 | €51,101 | +€15,394 | +43.1% |
| Amounts payable within one year | 42/48 | €35,707 | €51,101 | +€15,394 | +43.1% |
| Trade debts | 44 | €2,743 | €8,736 | +€5,993 | +218.5% |
| Suppliers | 440/4 | €2,743 | €8,736 | +€5,993 | +218.5% |
| Taxes, remuneration and social security | 45 | €18,128 | €22,341 | +€4,212 | +23.2% |
| Taxes | 450/3 | €18,128 | €22,341 | +€4,212 | +23.2% |
| Other amounts payable | 47/48 | €14,836 | €20,024 | +€5,188 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,026 | €15,444 | -€2,582 | -14.3% |
| Other operating charges | 640/8 | €2,815 | €1,720 | -€1,096 | -38.9% |
| Gross operating margin | 9900 | €92,996 | €154,318 | +€61,322 | +65.9% |
| Operating profit (loss) | 9901 | €72,154 | €137,154 | +€65,000 | +90.1% |
| Financial income | 75/76B | - | €374 | +€374 | |
| Recurring financial income | 75 | - | €374 | +€374 | |
| Financial charges | 65/66B | €2,392 | €2,611 | +€220 | +9.2% |
| Recurring financial charges | 65 | €2,392 | €2,611 | +€220 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €69,763 | €134,917 | +€65,154 | +93.4% |
| Income taxes | 67/77 | €21,242 | €39,573 | +€18,331 | +86.3% |
| Profit (loss) for the period | 9904 | €48,521 | €95,343 | +€46,823 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,521 | €95,343 | +€46,823 | +96.5% |
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 9 October 2026 via checked.be.