TWINZZ: 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.
TWINZZ
Largest movements
- Tangible fixed assets +€550,808
up €550,808 (+26.2%), from €2.1m to €2.7m
of which Land and buildings: +€590,778
- Cash -€222,095
down €222,095 (-90.7%), from €244,970 to €22,874
mainly Investment in fixed assets (net) (-€640,959) and Stocks and contracts (-€175,514)
- Stocks and contracts +€175,514
up €175,514 (+62.2%), from €282,330 to €457,844
- Receivables within one year -€138,314
down €138,314 (-31.4%), from €440,515 to €302,202
of which Trade receivables: -€133,185
- Receivables after one year +€50,987
up €50,987 (+51.9%), from €98,168 to €149,156
- Debts after one year +€437,150
up €437,150 (+34.5%), from €1.3m to €1.7m
- Accrued charges and deferred income -€100,000
down €100,000 (-100%), from €100,000 to €0
- Reserves +€91,050
up €91,050 (+8.2%), from €1.1m to €1.2m
of which Distributable reserves: +€111,659
- Gross operating margin -€650,745
down €650,745 (-72.8%), from €893,513 to €242,768
- Taxes -€161,686
down €161,686 (-75.3%), from €214,738 to €53,052
- Other operating charges -€161,261
down €161,261 (-94.4%), from €170,747 to €9,485
- Financial charges -€75,617
down €75,617 (-68.0%), from €111,131 to €35,514
- Depreciation -€39,197
down €39,197 (-30.3%), from €129,348 to €90,151
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,201,481 | €3,657,382 | +€455,901 | +14.2% |
| Fixed assets | 21/28 | €2,106,306 | €2,657,114 | +€550,808 | +26.2% |
| Tangible fixed assets | 22/27 | €2,103,731 | €2,654,539 | +€550,808 | +26.2% |
| Land and buildings | 22 | €1,777,268 | €2,368,046 | +€590,778 | +33.2% |
| Furniture and vehicles | 24 | €59,463 | €35,775 | -€23,688 | -39.8% |
| Other tangible fixed assets | 26 | - | €8,718 | +€8,718 | |
| Assets under construction and advance payments | 27 | €267,000 | €242,000 | -€25,000 | -9.4% |
| Financial fixed assets | 28 | €2,575 | €2,575 | = | 0.0% |
| Current assets | 29/58 | €1,095,174 | €1,000,267 | -€94,907 | -8.7% |
| Amounts receivable after more than one year | 29 | €98,168 | €149,156 | +€50,987 | +51.9% |
| Other amounts receivable | 291 | €98,168 | €149,156 | +€50,987 | +51.9% |
| Stocks and contracts in progress | 3 | €282,330 | €457,844 | +€175,514 | +62.2% |
| Stocks | 30/36 | €282,330 | €457,844 | +€175,514 | +62.2% |
| Amounts receivable within one year | 40/41 | €440,515 | €302,202 | -€138,314 | -31.4% |
| Trade receivables | 40 | €173,713 | €40,528 | -€133,185 | -76.7% |
| Other amounts receivable | 41 | €266,802 | €261,674 | -€5,128 | -1.9% |
| Cash at bank and in hand | 54/58 | €244,970 | €22,874 | -€222,095 | -90.7% |
| Deferred charges and accrued income | 490/1 | €29,192 | €68,192 | +€39,001 | +134% |
| Total equity and liabilities | 10/49 | €3,201,481 | €3,657,382 | +€455,901 | +14.2% |
| Equity | 10/15 | €1,105,820 | €1,175,405 | +€69,585 | +6.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €562,580 | €541,116 | -€21,465 | -3.8% |
| Reserves | 13 | €1,113,641 | €1,204,691 | +€91,050 | +8.2% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €972,636 | €952,027 | -€20,609 | -2.1% |
| Distributable reserves | 133 | €126,005 | €237,664 | +€111,659 | +88.6% |
| Profit (loss) carried forward | 14 | -€720,402 | -€720,402 | = | 0.0% |
| Provisions and deferred taxes | 16 | €324,212 | €317,342 | -€6,870 | -2.1% |
| Deferred taxes | 168 | €324,212 | €317,342 | -€6,870 | -2.1% |
| Amounts payable | 17/49 | €1,771,449 | €2,164,635 | +€393,185 | +22.2% |
| Amounts payable after more than one year | 17 | €1,266,815 | €1,703,965 | +€437,150 | +34.5% |
| Financial debts | 170/4 | €1,266,815 | €1,703,965 | +€437,150 | +34.5% |
| Amounts payable within one year | 42/48 | €404,635 | €460,670 | +€56,035 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €97,201 | €105,853 | +€8,652 | +8.9% |
| Trade debts | 44 | €14,862 | €37,306 | +€22,444 | +151% |
| Suppliers | 440/4 | €14,862 | €37,306 | +€22,444 | +151% |
| Taxes, remuneration and social security | 45 | €292,572 | €317,011 | +€24,439 | +8.4% |
| Taxes | 450/3 | €292,572 | €317,011 | +€24,439 | +8.4% |
| Other amounts payable | 47/48 | - | €500 | +€500 | |
| Accrued charges and deferred income | 492/3 | €100,000 | €0 | -€100,000 | -100% |
| Remuneration, social security and pensions | 62 | - | €279 | +€279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,348 | €90,151 | -€39,197 | -30.3% |
| Other operating charges | 640/8 | €170,747 | €9,485 | -€161,261 | -94.4% |
| Gross operating margin | 9900 | €893,513 | €242,768 | -€650,745 | -72.8% |
| Operating profit (loss) | 9901 | €593,418 | €142,852 | -€450,566 | -75.9% |
| Financial income | 75/76B | €3,569 | €8,430 | +€4,861 | +136% |
| Recurring financial income | 75 | €3,569 | €8,430 | +€4,861 | +136% |
| Financial charges | 65/66B | €111,131 | €35,514 | -€75,617 | -68.0% |
| Recurring financial charges | 65 | €111,131 | €35,514 | -€75,617 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €485,855 | €115,767 | -€370,088 | -76.2% |
| Transfer from deferred taxes | 780 | €145,571 | €6,870 | -€138,702 | -95.3% |
| Transfer to deferred taxes | 680 | €133,023 | €0 | -€133,023 | -100% |
| Income taxes | 67/77 | €214,738 | €53,052 | -€161,686 | -75.3% |
| Profit (loss) for the period | 9904 | €283,665 | €69,585 | -€214,080 | -75.5% |
| Transfer from tax-exempt reserves | 789 | €436,714 | €20,609 | -€416,105 | -95.3% |
| Transfer to tax-exempt reserves | 689 | €399,068 | €0 | -€399,068 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €321,311 | €90,194 | -€231,117 | -71.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.