Twist-IT: 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.
Twist-IT
Largest movements
- Cash -€12,569
down €12,569 (-15.5%), from €80,953 to €68,384
mainly Contributions, distributions and other (-€110,000) and Investment in fixed assets (net) (-€4,856)
- Receivables within one year -€7,522
down €7,522 (-32.0%), from €23,472 to €15,950
of which Other amounts receivable: -€4,497
- Tangible fixed assets +€2,295
up €2,295 (+73.5%), from €3,124 to €5,419
of which Furniture and vehicles: +€3,085
- Reserves -€37,505
down €37,505 (-90.4%), from €41,498 to €3,993
- Other debts +€11,939
up €11,939 (+19.1%), from €62,635 to €74,573
- Tax, wage and social debts +€7,712
up €7,712, from €0 to €7,712
of which Taxes: +€7,612
- Gross operating margin +€18,234
up €18,234 (+23.4%), from €77,965 to €96,199
- Taxes +€3,124
up €3,124 (+19.3%), from €16,212 to €19,336
- Depreciation +€1,159
up €1,159 (+82.7%), from €1,401 to €2,561
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,603 | €90,610 | -€17,993 | -16.6% |
| Fixed assets | 21/28 | €3,124 | €5,419 | +€2,295 | +73.5% |
| Tangible fixed assets | 22/27 | €3,124 | €5,419 | +€2,295 | +73.5% |
| Plant, machinery and equipment | 23 | €971 | €182 | -€789 | -81.3% |
| Furniture and vehicles | 24 | €2,152 | €5,237 | +€3,085 | +143% |
| Current assets | 29/58 | €105,480 | €85,191 | -€20,289 | -19.2% |
| Amounts receivable within one year | 40/41 | €23,472 | €15,950 | -€7,522 | -32.0% |
| Trade receivables | 40 | €18,150 | €15,125 | -€3,025 | -16.7% |
| Other amounts receivable | 41 | €5,322 | €825 | -€4,497 | -84.5% |
| Cash at bank and in hand | 54/58 | €80,953 | €68,384 | -€12,569 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,055 | €858 | -€197 | -18.7% |
| Total equity and liabilities | 10/49 | €108,603 | €90,610 | -€17,993 | -16.6% |
| Equity | 10/15 | €44,498 | €6,993 | -€37,505 | -84.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,498 | €3,993 | -€37,505 | -90.4% |
| Distributable reserves | 133 | €41,498 | €3,993 | -€37,505 | -90.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,105 | €83,617 | +€19,512 | +30.4% |
| Amounts payable within one year | 42/48 | €64,105 | €83,617 | +€19,512 | +30.4% |
| Trade debts | 44 | €1,470 | €1,332 | -€139 | -9.4% |
| Suppliers | 440/4 | €1,470 | €1,332 | -€139 | -9.4% |
| Taxes, remuneration and social security | 45 | €0 | €7,712 | +€7,712 | |
| Taxes | 450/3 | €0 | €7,612 | +€7,612 | |
| Remuneration and social security | 454/9 | - | €100 | +€100 | |
| Other amounts payable | 47/48 | €62,635 | €74,573 | +€11,939 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €2,561 | +€1,159 | +82.7% |
| Other operating charges | 640/8 | €1,635 | €1,684 | +€49 | +3.0% |
| Gross operating margin | 9900 | €77,965 | €96,199 | +€18,234 | +23.4% |
| Operating profit (loss) | 9901 | €74,928 | €91,954 | +€17,026 | +22.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €145 | €123 | -€22 | -15.2% |
| Recurring financial charges | 65 | €145 | €123 | -€22 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €74,783 | €91,831 | +€17,048 | +22.8% |
| Income taxes | 67/77 | €16,212 | €19,336 | +€3,124 | +19.3% |
| Profit (loss) for the period | 9904 | €58,571 | €72,495 | +€13,924 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,571 | €72,495 | +€13,924 | +23.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.