Twisted Studio: 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.
Twisted Studio
Largest movements
- Cash -€36,621
down €36,621 (-53.4%), from €68,578 to €31,957
mainly Other debts (-€44,145) and Advances received (-€10,056)
- Receivables within one year -€10,944
down €10,944 (-15.1%), from €72,562 to €61,618
- Tangible fixed assets -€3,210
down €3,210 (-32.8%), from €9,784 to €6,574
- Intangible fixed assets -€2,068
down €2,068 (-67.7%), from €3,053 to €985
- Other debts -€44,145
down €44,145 (-63.1%), from €69,957 to €25,813
- Advances received -€10,056
down €10,056 (-82.6%), from €12,168 to €2,112
- Other operating charges +€2,414
up €2,414 (+457%), from €528 to €2,942
- Staff costs -€1,480
down €1,480 (-22.2%), from €6,662 to €5,182
- Gross operating margin -€1,239
down €1,239 (-6.8%), from €18,313 to €17,074
- Taxes -€412
down €412 (-16.8%), from €2,448 to €2,036
- Depreciation -€294
down €294 (-5.3%), from €5,572 to €5,278
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 | €153,977 | €101,135 | -€52,842 | -34.3% |
| Fixed assets | 21/28 | €12,837 | €7,559 | -€5,278 | -41.1% |
| Intangible fixed assets | 21 | €3,053 | €985 | -€2,068 | -67.7% |
| Tangible fixed assets | 22/27 | €9,784 | €6,574 | -€3,210 | -32.8% |
| Furniture and vehicles | 24 | €9,784 | €6,574 | -€3,210 | -32.8% |
| Current assets | 29/58 | €141,140 | €93,575 | -€47,565 | -33.7% |
| Amounts receivable within one year | 40/41 | €72,562 | €61,618 | -€10,944 | -15.1% |
| Trade receivables | 40 | €72,562 | €61,618 | -€10,944 | -15.1% |
| Cash at bank and in hand | 54/58 | €68,578 | €31,957 | -€36,621 | -53.4% |
| Total equity and liabilities | 10/49 | €153,977 | €101,135 | -€52,842 | -34.3% |
| Equity | 10/15 | €4,537 | €5,799 | +€1,262 | +27.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €3,037 | €4,299 | +€1,262 | +41.5% |
| Distributable reserves | 133 | €3,037 | €4,299 | +€1,262 | +41.5% |
| Amounts payable | 17/49 | €149,440 | €95,336 | -€54,104 | -36.2% |
| Amounts payable within one year | 42/48 | €137,200 | €83,836 | -€53,364 | -38.9% |
| Trade debts | 44 | €1,620 | €925 | -€695 | -42.9% |
| Suppliers | 440/4 | €1,620 | €925 | -€695 | -42.9% |
| Advances received on contracts in progress | 46 | €12,168 | €2,112 | -€10,056 | -82.6% |
| Taxes, remuneration and social security | 45 | €53,455 | €54,987 | +€1,531 | +2.9% |
| Taxes | 450/3 | €30,307 | €27,869 | -€2,438 | -8.0% |
| Remuneration and social security | 454/9 | €23,148 | €27,118 | +€3,969 | +17.1% |
| Other amounts payable | 47/48 | €69,957 | €25,813 | -€44,145 | -63.1% |
| Accrued charges and deferred income | 492/3 | €12,240 | €11,500 | -€740 | -6.0% |
| Remuneration, social security and pensions | 62 | €6,662 | €5,182 | -€1,480 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,572 | €5,278 | -€294 | -5.3% |
| Other operating charges | 640/8 | €528 | €2,942 | +€2,414 | +457% |
| Non-recurring operating charges | 66A | - | €281 | +€281 | |
| Gross operating margin | 9900 | €18,313 | €17,074 | -€1,239 | -6.8% |
| Operating profit (loss) | 9901 | €5,552 | €3,391 | -€2,161 | -38.9% |
| Financial charges | 65/66B | €67 | €93 | +€26 | +38.6% |
| Recurring financial charges | 65 | €67 | €93 | +€26 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €5,485 | €3,298 | -€2,187 | -39.9% |
| Income taxes | 67/77 | €2,448 | €2,036 | -€412 | -16.8% |
| Profit (loss) for the period | 9904 | €3,037 | €1,262 | -€1,775 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,037 | €1,262 | -€1,775 | -58.5% |
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 15 October 2026 via checked.be.