TWISTED MIST: what changed
Two fiscal 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.
TWISTED MIST
Largest movements
- Receivables within one year +€9,303
up €9,303 (+266.5%), from €3,490 to €12,793
of which Trade receivables: +€9,298
- Cash +€4,719
up €4,719 (+17.6%), from €26,746 to €31,466
mainly Net result for the year (+€11,486) and Depreciation (+€2,653)
- Tangible fixed assets -€2,653
down €2,653 (-21.7%), from €12,250 to €9,597
of which Other tangible fixed assets: -€1,637
- Profit (loss) carried forward +€11,486
up €11,486 (+28.1%), from -€40,908 to -€29,422
- Tax, wage and social debts +€2,617
up €2,617 (+20.0%), from €13,087 to €15,704
of which Taxes: +€2,602
- Trade debts -€2,551
down €2,551 (-63.2%), from €4,039 to €1,487
- Gross operating margin +€5,667
up €5,667 (+54.1%), from €10,483 to €16,150
- Financial charges -€632
down €632 (-34.2%), from €1,846 to €1,214
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 | €42,486 | €53,855 | +€11,369 | +26.8% |
| Fixed assets | 21/28 | €12,250 | €9,597 | -€2,653 | -21.7% |
| Tangible fixed assets | 22/27 | €12,250 | €9,597 | -€2,653 | -21.7% |
| Plant, machinery and equipment | 23 | €878 | €443 | -€434 | -49.5% |
| Furniture and vehicles | 24 | €2,030 | €1,448 | -€582 | -28.7% |
| Other tangible fixed assets | 26 | €9,342 | €7,705 | -€1,637 | -17.5% |
| Current assets | 29/58 | €30,237 | €44,259 | +€14,022 | +46.4% |
| Amounts receivable within one year | 40/41 | €3,490 | €12,793 | +€9,303 | +266.5% |
| Trade receivables | 40 | €3,455 | €12,753 | +€9,298 | +269.1% |
| Other amounts receivable | 41 | €35 | €40 | +€5 | +14.4% |
| Cash at bank and in hand | 54/58 | €26,746 | €31,466 | +€4,719 | +17.6% |
| Total equity and liabilities | 10/49 | €42,486 | €53,855 | +€11,369 | +26.8% |
| Equity | 10/15 | €10,110 | €21,596 | +€11,486 | +113.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €30,558 | €30,558 | = | 0.0% |
| Distributable reserves | 133 | €30,558 | €30,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,908 | -€29,422 | +€11,486 | +28.1% |
| Amounts payable | 17/49 | €32,376 | €32,260 | -€117 | -0.4% |
| Amounts payable within one year | 42/48 | €32,376 | €32,260 | -€117 | -0.4% |
| Trade debts | 44 | €4,039 | €1,487 | -€2,551 | -63.2% |
| Suppliers | 440/4 | €4,039 | €1,487 | -€2,551 | -63.2% |
| Taxes, remuneration and social security | 45 | €13,087 | €15,704 | +€2,617 | +20.0% |
| Taxes | 450/3 | €9,885 | €12,487 | +€2,602 | +26.3% |
| Remuneration and social security | 454/9 | €3,202 | €3,217 | +€15 | +0.5% |
| Other amounts payable | 47/48 | €15,251 | €15,068 | -€182 | -1.2% |
| Non-recurring operating income | 76A | €50 | €0 | -€50 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,636 | €2,653 | +€16 | +0.6% |
| Other operating charges | 640/8 | €696 | €606 | -€89 | -12.9% |
| Gross operating margin | 9900 | €10,483 | €16,150 | +€5,667 | +54.1% |
| Operating profit (loss) | 9901 | €7,151 | €12,892 | +€5,740 | +80.3% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €1,846 | €1,214 | -€632 | -34.2% |
| Recurring financial charges | 65 | €1,846 | €1,214 | -€632 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €5,309 | €11,678 | +€6,369 | +120.0% |
| Income taxes | 67/77 | €186 | €192 | +€6 | +3.5% |
| Profit (loss) for the period | 9904 | €5,124 | €11,486 | +€6,362 | +124.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,124 | €11,486 | +€6,362 | +124.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.