TWIST IT 1: 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 1
Largest movements
- Receivables within one year -€64,092
down €64,092 (-50.6%), from €126,583 to €62,491
of which Other amounts receivable: -€40,292
- Cash +€41,517
up €41,517 (+97.7%), from €42,478 to €83,995
mainly Net result for the year (+€77,006) and Receivables within one year (+€64,092)
- Tangible fixed assets -€4,226
down €4,226 (-71.4%), from €5,922 to €1,696
- Other debts -€18,455
down €18,455 (-22.0%), from €83,910 to €65,455
- Tax, wage and social debts -€8,147
down €8,147 (-23.4%), from €34,772 to €26,625
of which Taxes: -€10,062
- Gross operating margin -€24,029
down €24,029 (-14.2%), from €169,227 to €145,198
- Financial charges -€5,606
down €5,606 (-12.3%), from €45,414 to €39,809
- Taxes -€5,398
down €5,398 (-19.1%), from €28,278 to €22,880
- Financial income -€3,568
down €3,568 (-99.6%), from €3,583 to €15
- Provisions +€2,448
up €2,448, from -€1,297 to €1,151
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.
Derived cash bridge
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 | €177,760 | €151,447 | -€26,313 | -14.8% |
| Fixed assets | 21/28 | €5,922 | €1,696 | -€4,226 | -71.4% |
| Tangible fixed assets | 22/27 | €5,922 | €1,696 | -€4,226 | -71.4% |
| Furniture and vehicles | 24 | €5,922 | €1,696 | -€4,226 | -71.4% |
| Current assets | 29/58 | €171,838 | €149,751 | -€22,087 | -12.9% |
| Amounts receivable within one year | 40/41 | €126,583 | €62,491 | -€64,092 | -50.6% |
| Trade receivables | 40 | €24,200 | €400 | -€23,800 | -98.3% |
| Other amounts receivable | 41 | €102,383 | €62,091 | -€40,292 | -39.4% |
| Cash at bank and in hand | 54/58 | €42,478 | €83,995 | +€41,517 | +97.7% |
| Deferred charges and accrued income | 490/1 | €2,777 | €3,265 | +€488 | +17.6% |
| Total equity and liabilities | 10/49 | €177,760 | €151,447 | -€26,313 | -14.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Provisions and deferred taxes | 16 | €37,668 | €38,819 | +€1,151 | +3.1% |
| Provisions for liabilities and charges | 160/5 | €37,668 | €38,819 | +€1,151 | +3.1% |
| Other liabilities and charges | 164/5 | €37,668 | €38,819 | +€1,151 | +3.1% |
| Amounts payable | 17/49 | €121,492 | €94,028 | -€27,464 | -22.6% |
| Amounts payable within one year | 42/48 | €121,492 | €93,678 | -€27,814 | -22.9% |
| Trade debts | 44 | €2,810 | €1,599 | -€1,211 | -43.1% |
| Suppliers | 440/4 | €2,810 | €1,599 | -€1,211 | -43.1% |
| Taxes, remuneration and social security | 45 | €34,772 | €26,625 | -€8,147 | -23.4% |
| Taxes | 450/3 | €32,857 | €22,795 | -€10,062 | -30.6% |
| Remuneration and social security | 454/9 | €1,915 | €3,830 | +€1,915 | +100% |
| Other amounts payable | 47/48 | €83,910 | €65,455 | -€18,455 | -22.0% |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,800 | €4,226 | +€1,426 | +50.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,297 | €1,151 | +€2,448 | |
| Other operating charges | 640/8 | €791 | €142 | -€649 | -82.0% |
| Gross operating margin | 9900 | €169,227 | €145,198 | -€24,029 | -14.2% |
| Operating profit (loss) | 9901 | €166,933 | €139,679 | -€27,254 | -16.3% |
| Financial income | 75/76B | €3,583 | €15 | -€3,568 | -99.6% |
| Recurring financial income | 75 | €3,583 | €15 | -€3,568 | -99.6% |
| Financial charges | 65/66B | €45,414 | €39,809 | -€5,606 | -12.3% |
| Recurring financial charges | 65 | €45,414 | €39,809 | -€5,606 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €125,102 | €99,886 | -€25,216 | -20.2% |
| Income taxes | 67/77 | €28,278 | €22,880 | -€5,398 | -19.1% |
| Profit (loss) for the period | 9904 | €96,824 | €77,006 | -€19,818 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €96,824 | €77,006 | -€19,818 | -20.5% |
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 23 October 2026 via checked.be.