TWISTEDMINDS: 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.
TWISTEDMINDS
Largest movements
- Receivables within one year +€23,525
up €23,525 (+77.3%), from €30,416 to €53,941
of which Trade receivables: +€12,205
- Financial fixed assets -€6,101
no longer reported in 2025 (was €6,101)
- Tangible fixed assets -€2,846
down €2,846 (-5.1%), from €55,698 to €52,852
of which Furniture and vehicles: -€4,096
- Deferred charges and accrued income -€2,405
down €2,405 (-20.6%), from €11,689 to €9,285
- Trade debts +€10,822
up €10,822 (+844.1%), from €1,282 to €12,104
- Short-term financial debts +€8,909
up €8,909 (+413.1%), from €2,157 to €11,066
- Current portion of long-term debt -€2,927
down €2,927 (-17.8%), from €16,399 to €13,472
- Tax, wage and social debts -€2,524
down €2,524 (-34.0%), from €7,420 to €4,897
- Profit (loss) carried forward -€2,395
down €2,395 (-9.6%), from -€24,828 to -€27,222
- Gross operating margin -€12,307
down €12,307 (-58.1%), from €21,196 to €8,890
- Financial charges -€895
down €895 (-24.6%), from €3,640 to €2,745
- Depreciation -€462
down €462 (-5.2%), from €8,817 to €8,355
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 | €131,750 | €144,214 | +€12,464 | +9.5% |
| Fixed assets | 21/28 | €61,799 | €52,852 | -€8,947 | -14.5% |
| Tangible fixed assets | 22/27 | €55,698 | €52,852 | -€2,846 | -5.1% |
| Land and buildings | 22 | €38,703 | €35,874 | -€2,829 | -7.3% |
| Plant, machinery and equipment | 23 | - | €5,328 | +€5,328 | |
| Furniture and vehicles | 24 | €11,995 | €7,900 | -€4,096 | -34.1% |
| Other tangible fixed assets | 26 | €5,000 | €3,750 | -€1,250 | -25.0% |
| Financial fixed assets | 28 | €6,101 | - | -€6,101 | |
| Current assets | 29/58 | €69,951 | €91,362 | +€21,411 | +30.6% |
| Amounts receivable after more than one year | 29 | €23,038 | €23,499 | +€461 | +2.0% |
| Other amounts receivable | 291 | €23,038 | €23,499 | +€461 | +2.0% |
| Amounts receivable within one year | 40/41 | €30,416 | €53,941 | +€23,525 | +77.3% |
| Trade receivables | 40 | €8,122 | €20,326 | +€12,205 | +150.3% |
| Other amounts receivable | 41 | €22,295 | €33,615 | +€11,320 | +50.8% |
| Current investments | 50/53 | €4,638 | €4,638 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €170 | - | -€170 | |
| Deferred charges and accrued income | 490/1 | €11,689 | €9,285 | -€2,405 | -20.6% |
| Total equity and liabilities | 10/49 | €131,750 | €144,214 | +€12,464 | +9.5% |
| Equity | 10/15 | €104,492 | €102,098 | -€2,395 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,720 | €110,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,991 | €32,991 | = | 0.0% |
| Distributable reserves | 133 | €75,869 | €75,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,828 | -€27,222 | -€2,395 | -9.6% |
| Amounts payable | 17/49 | €27,258 | €42,117 | +€14,859 | +54.5% |
| Amounts payable within one year | 42/48 | €27,258 | €41,538 | +€14,280 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €16,399 | €13,472 | -€2,927 | -17.8% |
| Financial debts | 43 | €2,157 | €11,066 | +€8,909 | +413.1% |
| Credit institutions | 430/8 | €2,157 | €11,066 | +€8,909 | +413.1% |
| Trade debts | 44 | €1,282 | €12,104 | +€10,822 | +844.1% |
| Suppliers | 440/4 | €1,282 | €12,104 | +€10,822 | +844.1% |
| Taxes, remuneration and social security | 45 | €7,420 | €4,897 | -€2,524 | -34.0% |
| Taxes | 450/3 | €7,420 | €4,897 | -€2,524 | -34.0% |
| Accrued charges and deferred income | 492/3 | - | €578 | +€578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,817 | €8,355 | -€462 | -5.2% |
| Other operating charges | 640/8 | €384 | €186 | -€198 | -51.6% |
| Gross operating margin | 9900 | €21,196 | €8,890 | -€12,307 | -58.1% |
| Operating profit (loss) | 9901 | €11,996 | €349 | -€11,646 | -97.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,640 | €2,745 | -€895 | -24.6% |
| Recurring financial charges | 65 | €3,640 | €2,745 | -€895 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €8,356 | -€2,395 | -€10,750 | |
| Profit (loss) for the period | 9904 | €8,356 | -€2,395 | -€10,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,356 | -€2,395 | -€10,750 |
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 12 October 2026 via checked.be.