Twist The Codes: 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 The Codes
Largest movements
- Receivables within one year -€46,512
down €46,512 (-61.8%), from €75,285 to €28,773
of which Other amounts receivable: -€61,700
- Cash -€9,593
down €9,593 (-72.0%), from €13,323 to €3,731
mainly Net result for the year (-€28,854) and Other debts (-€23,234)
- Stocks and contracts +€7,000
new in 2025: €7,000
- Profit (loss) carried forward -€28,854
down €28,854 (-76.7%), from €37,643 to €8,789
- Other debts -€23,234
down €23,234 (-75.6%), from €30,734 to €7,500
- Trade debts +€4,604
up €4,604 (+52.5%), from €8,775 to €13,379
- Tax, wage and social debts -€2,033
down €2,033 (-21.0%), from €9,684 to €7,651
of which Remuneration and social security: -€1,200
- Gross operating margin -€62,596
down €62,596, from €38,828 to -€23,768
- Taxes +€7,651
new in 2025: €7,651
- Financial income +€4,055
up €4,055 (+102143.3%), from €4 to €4,059
- Financial charges +€654
up €654 (+121.8%), from €537 to €1,192
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 | €89,336 | €39,819 | -€49,516 | -55.4% |
| Current assets | 29/58 | €89,336 | €39,819 | -€49,516 | -55.4% |
| Amounts receivable after more than one year | 29 | €575 | €0 | -€575 | -100.0% |
| Trade receivables | 290 | €3 | €0 | -€3 | -100.0% |
| Other amounts receivable | 291 | €572 | €0 | -€572 | -100.0% |
| Stocks and contracts in progress | 3 | - | €7,000 | +€7,000 | |
| Stocks | 30/36 | - | €7,000 | +€7,000 | |
| Amounts receivable within one year | 40/41 | €75,285 | €28,773 | -€46,512 | -61.8% |
| Trade receivables | 40 | €8,680 | €23,868 | +€15,188 | +175.0% |
| Other amounts receivable | 41 | €66,605 | €4,906 | -€61,700 | -92.6% |
| Cash at bank and in hand | 54/58 | €13,323 | €3,731 | -€9,593 | -72.0% |
| Deferred charges and accrued income | 490/1 | €153 | €315 | +€163 | +106.4% |
| Total equity and liabilities | 10/49 | €89,336 | €39,819 | -€49,516 | -55.4% |
| Equity | 10/15 | €40,143 | €11,289 | -€28,854 | -71.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,643 | €8,789 | -€28,854 | -76.7% |
| Amounts payable | 17/49 | €49,192 | €28,530 | -€20,663 | -42.0% |
| Amounts payable within one year | 42/48 | €49,192 | €28,530 | -€20,663 | -42.0% |
| Trade debts | 44 | €8,775 | €13,379 | +€4,604 | +52.5% |
| Suppliers | 440/4 | €8,775 | €13,379 | +€4,604 | +52.5% |
| Taxes, remuneration and social security | 45 | €9,684 | €7,651 | -€2,033 | -21.0% |
| Taxes | 450/3 | €8,484 | €7,651 | -€833 | -9.8% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €30,734 | €7,500 | -€23,234 | -75.6% |
| Remuneration, social security and pensions | 62 | €278 | - | -€278 | |
| Other operating charges | 640/8 | €373 | €302 | -€71 | -19.0% |
| Gross operating margin | 9900 | €38,828 | -€23,768 | -€62,596 | |
| Operating profit (loss) | 9901 | €38,177 | -€24,070 | -€62,247 | |
| Financial income | 75/76B | €4 | €4,059 | +€4,055 | +102143.3% |
| Recurring financial income | 75 | €4 | €4,059 | +€4,055 | +102143.3% |
| Financial charges | 65/66B | €537 | €1,192 | +€654 | +121.8% |
| Recurring financial charges | 65 | €537 | €1,192 | +€654 | +121.8% |
| Profit (loss) for the period before taxes | 9903 | €37,643 | -€21,203 | -€58,846 | |
| Income taxes | 67/77 | - | €7,651 | +€7,651 | |
| Profit (loss) for the period | 9904 | €37,643 | -€28,854 | -€66,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,643 | -€28,854 | -€66,497 |
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 11 October 2026 via checked.be.