twistIT: 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.
twistIT
Largest movements
- Receivables within one year +€35,015
up €35,015 (+55.3%), from €63,344 to €98,359
of which Other amounts receivable: +€22,841
- Tangible fixed assets -€27,879
down €27,879 (-3.5%), from €789,418 to €761,539
of which Land and buildings: -€16,057
- Cash -€17,928
down €17,928 (-95.8%), from €18,720 to €792
mainly Contributions, distributions and other (-€55,881) and Debts after one year (-€55,012)
- Debts after one year -€55,012
down €55,012 (-12.4%), from €443,062 to €388,050
- Other debts +€31,101
up €31,101 (+103%), from €30,281 to €61,381
- Short-term financial debts +€11,475
up €11,475 (+929%), from €1,235 to €12,710
- Gross operating margin -€58,527
down €58,527 (-30.4%), from €192,592 to €134,065
- Taxes -€15,129
down €15,129 (-40.2%), from €37,644 to €22,515
- Depreciation +€2,175
up €2,175 (+4.9%), from €44,487 to €46,661
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 | €935,845 | €920,800 | -€15,045 | -1.6% |
| Fixed assets | 21/28 | €797,975 | €762,175 | -€35,800 | -4.5% |
| Tangible fixed assets | 22/27 | €789,418 | €761,539 | -€27,879 | -3.5% |
| Land and buildings | 22 | €721,253 | €705,196 | -€16,057 | -2.2% |
| Furniture and vehicles | 24 | €15,896 | €16,955 | +€1,060 | +6.7% |
| Leasing and similar rights | 25 | €52,269 | €39,387 | -€12,882 | -24.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €8,557 | €636 | -€7,921 | -92.6% |
| Current assets | 29/58 | €137,871 | €158,626 | +€20,755 | +15.1% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,344 | €98,359 | +€35,015 | +55.3% |
| Trade receivables | 40 | €24,126 | €36,300 | +€12,174 | +50.5% |
| Other amounts receivable | 41 | €39,218 | €62,059 | +€22,841 | +58.2% |
| Current investments | 50/53 | €3,074 | €9,022 | +€5,948 | +193% |
| Cash at bank and in hand | 54/58 | €18,720 | €792 | -€17,928 | -95.8% |
| Deferred charges and accrued income | 490/1 | €7,732 | €5,451 | -€2,280 | -29.5% |
| Total equity and liabilities | 10/49 | €935,845 | €920,800 | -€15,045 | -1.6% |
| Equity | 10/15 | €378,867 | €371,157 | -€7,710 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €372,667 | €364,957 | -€7,710 | -2.1% |
| Distributable reserves | 133 | €372,667 | €364,957 | -€7,710 | -2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €556,979 | €549,644 | -€7,335 | -1.3% |
| Amounts payable after more than one year | 17 | €443,062 | €388,050 | -€55,012 | -12.4% |
| Financial debts | 170/4 | €443,062 | €388,050 | -€55,012 | -12.4% |
| Amounts payable within one year | 42/48 | €113,739 | €161,297 | +€47,558 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €55,183 | €56,050 | +€866 | +1.6% |
| Financial debts | 43 | €1,235 | €12,710 | +€11,475 | +929% |
| Credit institutions | 430/8 | €1,235 | €12,710 | +€11,475 | +929% |
| Trade debts | 44 | €3,509 | €4,294 | +€785 | +22.4% |
| Suppliers | 440/4 | €3,509 | €4,294 | +€785 | +22.4% |
| Taxes, remuneration and social security | 45 | €23,530 | €26,862 | +€3,332 | +14.2% |
| Taxes | 450/3 | €23,530 | €26,862 | +€3,332 | +14.2% |
| Other amounts payable | 47/48 | €30,281 | €61,381 | +€31,101 | +103% |
| Accrued charges and deferred income | 492/3 | €178 | €296 | +€119 | +66.8% |
| Non-recurring operating income | 76A | €4,525 | €0 | -€4,525 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,487 | €46,661 | +€2,175 | +4.9% |
| Other operating charges | 640/8 | €8,361 | €8,068 | -€293 | -3.5% |
| Non-recurring operating charges | 66A | €1,415 | €326 | -€1,089 | -77.0% |
| Gross operating margin | 9900 | €192,592 | €134,065 | -€58,527 | -30.4% |
| Operating profit (loss) | 9901 | €138,330 | €79,010 | -€59,320 | -42.9% |
| Financial income | 75/76B | €3,280 | €3,739 | +€459 | +14.0% |
| Recurring financial income | 75 | €3,280 | €3,739 | +€459 | +14.0% |
| Financial charges | 65/66B | €13,599 | €12,063 | -€1,537 | -11.3% |
| Recurring financial charges | 65 | €13,599 | €12,063 | -€1,537 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €128,011 | €70,687 | -€57,324 | -44.8% |
| Income taxes | 67/77 | €37,644 | €22,515 | -€15,129 | -40.2% |
| Profit (loss) for the period | 9904 | €90,367 | €48,171 | -€42,196 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,367 | €48,171 | -€42,196 | -46.7% |
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 14 October 2026 via checked.be.