TWO BROTHERS: 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 BROTHERS
Largest movements
- Receivables within one year +€22,441
up €22,441 (+1235.9%), from €1,816 to €24,256
of which Trade receivables: +€21,625
- Formation expenses -€900
no longer reported in 2025 (was €900)
- Tangible fixed assets -€597
down €597 (-49.7%), from €1,202 to €605
- Trade debts +€19,508
up €19,508 (+1052.6%), from €1,853 to €21,361
- Profit (loss) carried forward +€14,469
up €14,469 (+79.1%), from -€18,303 to -€3,834
- Other debts -€12,675
down €12,675 (-76.9%), from €16,491 to €3,816
- Tax, wage and social debts -€395
down €395 (-38.0%), from €1,039 to €644
of which Taxes: -€795
- Purchases and services -€38,597
down €38,597 (-44.4%), from €86,865 to €48,268
- Turnover -€20,754
down €20,754 (-23.7%), from €87,407 to €66,653
- Gross operating margin +€17,843
up €17,843 (+3291.9%), from €542 to €18,385
- Depreciation +€2,292
new in 2025: €2,292
- Staff costs +€1,048
up €1,048 (+1099.9%), from €95 to €1,144
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 | €4,080 | €24,987 | +€20,907 | +512.4% |
| Formation expenses | 20 | €900 | - | -€900 | |
| Fixed assets | 21/28 | €1,202 | €605 | -€597 | -49.7% |
| Tangible fixed assets | 22/27 | €1,202 | €605 | -€597 | -49.7% |
| Plant, machinery and equipment | 23 | €1,202 | €605 | -€597 | -49.7% |
| Current assets | 29/58 | €1,978 | €24,382 | +€22,404 | +1132.7% |
| Amounts receivable within one year | 40/41 | €1,816 | €24,256 | +€22,441 | +1235.9% |
| Trade receivables | 40 | €1,816 | €23,440 | +€21,625 | +1191.0% |
| Other amounts receivable | 41 | - | €816 | +€816 | |
| Cash at bank and in hand | 54/58 | €162 | €126 | -€36 | -22.5% |
| Total equity and liabilities | 10/49 | €4,080 | €24,987 | +€20,907 | +512.4% |
| Equity | 10/15 | -€15,303 | -€834 | +€14,469 | +94.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,303 | -€3,834 | +€14,469 | +79.1% |
| Amounts payable | 17/49 | €19,383 | €25,821 | +€6,438 | +33.2% |
| Amounts payable within one year | 42/48 | €19,383 | €25,821 | +€6,438 | +33.2% |
| Trade debts | 44 | €1,853 | €21,361 | +€19,508 | +1052.6% |
| Suppliers | 440/4 | €1,853 | €21,361 | +€19,508 | +1052.6% |
| Taxes, remuneration and social security | 45 | €1,039 | €644 | -€395 | -38.0% |
| Taxes | 450/3 | €1,039 | €245 | -€795 | -76.5% |
| Remuneration and social security | 454/9 | - | €399 | +€399 | |
| Other amounts payable | 47/48 | €16,491 | €3,816 | -€12,675 | -76.9% |
| Turnover | 70 | €87,407 | €66,653 | -€20,754 | -23.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €86,865 | €48,268 | -€38,597 | -44.4% |
| Remuneration, social security and pensions | 62 | €95 | €1,144 | +€1,048 | +1099.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,292 | +€2,292 | |
| Other operating charges | 640/8 | €182 | €299 | +€117 | +64.5% |
| Gross operating margin | 9900 | €542 | €18,385 | +€17,843 | +3291.9% |
| Operating profit (loss) | 9901 | €265 | €14,650 | +€14,385 | +5430.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €415 | €181 | -€234 | -56.4% |
| Recurring financial charges | 65 | €415 | €181 | -€234 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | -€149 | €14,469 | +€14,618 | |
| Profit (loss) for the period | 9904 | -€149 | €14,469 | +€14,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€149 | €14,469 | +€14,618 |
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 11 October 2026 via checked.be.