TWO 4 TEAM: 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.
TWO 4 TEAM
Largest movements
- Receivables within one year -€11,085
down €11,085 (-38.9%), from €28,461 to €17,376
of which Trade receivables: -€11,085
- Cash -€2,973
down €2,973 (-18.4%), from €16,153 to €13,180
mainly Net result for the year (-€9,220) and Trade debts (-€8,133)
- Tangible fixed assets -€1,754
down €1,754 (-20.7%), from €8,476 to €6,722
of which Plant, machinery and equipment: -€1,826
- Deferred charges and accrued income -€761
down €761 (-51.3%), from €1,484 to €722
- Profit (loss) carried forward -€9,220
down €9,220 (-54.1%), from -€17,057 to -€26,277
- Trade debts -€8,133
down €8,133 (-56.1%), from €14,494 to €6,361
- Other debts +€1,408
up €1,408 (+4.5%), from €31,018 to €32,426
- Gross operating margin -€6,603
down €6,603 (-92.7%), from €7,125 to €522
- Taxes -€2,650
down €2,650 (-99.9%), from €2,652 to €2
- Other operating charges +€1,264
up €1,264 (+125%), from €1,015 to €2,279
- Depreciation -€1,153
down €1,153 (-19.5%), from €5,906 to €4,754
- Staff costs -€177
down €177 (-7.7%), from €2,308 to €2,131
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 | €54,573 | €38,000 | -€16,574 | -30.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €8,476 | €6,722 | -€1,754 | -20.7% |
| Tangible fixed assets | 22/27 | €8,476 | €6,722 | -€1,754 | -20.7% |
| Plant, machinery and equipment | 23 | €1,904 | €79 | -€1,826 | -95.9% |
| Furniture and vehicles | 24 | €6,572 | €6,643 | +€72 | +1.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €46,097 | €31,278 | -€14,820 | -32.1% |
| Amounts receivable within one year | 40/41 | €28,461 | €17,376 | -€11,085 | -38.9% |
| Trade receivables | 40 | €28,461 | €17,376 | -€11,085 | -38.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €16,153 | €13,180 | -€2,973 | -18.4% |
| Deferred charges and accrued income | 490/1 | €1,484 | €722 | -€761 | -51.3% |
| Total equity and liabilities | 10/49 | €54,573 | €38,000 | -€16,574 | -30.4% |
| Equity | 10/15 | €1,493 | -€7,727 | -€9,220 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,057 | -€26,277 | -€9,220 | -54.1% |
| Amounts payable | 17/49 | €53,080 | €45,727 | -€7,353 | -13.9% |
| Amounts payable after more than one year | 17 | €1,088 | €708 | -€379 | -34.9% |
| Financial debts | 170/4 | €1,088 | €708 | -€379 | -34.9% |
| Amounts payable within one year | 42/48 | €51,992 | €45,018 | -€6,974 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €2,511 | €2,528 | +€17 | +0.7% |
| Trade debts | 44 | €14,494 | €6,361 | -€8,133 | -56.1% |
| Suppliers | 440/4 | €14,494 | €6,361 | -€8,133 | -56.1% |
| Taxes, remuneration and social security | 45 | €3,970 | €3,704 | -€266 | -6.7% |
| Taxes | 450/3 | €3,970 | €3,704 | -€266 | -6.7% |
| Other amounts payable | 47/48 | €31,018 | €32,426 | +€1,408 | +4.5% |
| Remuneration, social security and pensions | 62 | €2,308 | €2,131 | -€177 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,906 | €4,754 | -€1,153 | -19.5% |
| Other operating charges | 640/8 | €1,015 | €2,279 | +€1,264 | +125% |
| Gross operating margin | 9900 | €7,125 | €522 | -€6,603 | -92.7% |
| Operating profit (loss) | 9901 | -€2,105 | -€8,642 | -€6,537 | -311% |
| Financial income | 75/76B | €183 | €7 | -€176 | -96.0% |
| Recurring financial income | 75 | €183 | €7 | -€176 | -96.0% |
| Financial charges | 65/66B | €469 | €583 | +€114 | +24.3% |
| Recurring financial charges | 65 | €469 | €583 | +€114 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,391 | -€9,218 | -€6,827 | -286% |
| Income taxes | 67/77 | €2,652 | €2 | -€2,650 | -99.9% |
| Profit (loss) for the period | 9904 | -€5,043 | -€9,220 | -€4,178 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,043 | -€9,220 | -€4,178 | -82.8% |
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 17 October 2026 via checked.be.