TWO GROW UP: 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 GROW UP
Largest movements
- Cash -€4,343
down €4,343 (-62.0%), from €7,003 to €2,659
mainly Net result for the year (-€11,073) and Receivables within one year (-€2,734)
- Tangible fixed assets -€3,205
down €3,205 (-64.9%), from €4,938 to €1,733
of which Furniture and vehicles: -€2,212
- Receivables within one year +€2,734
up €2,734 (+78.3%), from €3,489 to €6,223
of which Trade receivables: +€2,506
- Profit (loss) carried forward -€11,073
down €11,073, from €1,232 to -€9,841
- Current portion of long-term debt +€4,000
new in 2025: €4,000
- Trade debts +€1,732
up €1,732 (+431%), from €402 to €2,134
- Tax, wage and social debts +€525
up €525 (+5.4%), from €9,796 to €10,321
of which Taxes: +€521
- Staff costs +€21,286
up €21,286 (+46.6%), from €45,690 to €66,977
- Gross operating margin +€7,857
up €7,857 (+14.3%), from €54,792 to €62,649
- Financial charges +€1,583
up €1,583 (+349%), from €454 to €2,037
- Other operating charges +€1,408
up €1,408 (+587%), from €240 to €1,648
- Taxes -€895
down €895, from €746 to -€149
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 | €15,430 | €10,615 | -€4,815 | -31.2% |
| Fixed assets | 21/28 | €4,938 | €1,733 | -€3,205 | -64.9% |
| Tangible fixed assets | 22/27 | €4,938 | €1,733 | -€3,205 | -64.9% |
| Plant, machinery and equipment | 23 | €1,934 | €940 | -€994 | -51.4% |
| Furniture and vehicles | 24 | €3,005 | €793 | -€2,212 | -73.6% |
| Current assets | 29/58 | €10,492 | €8,882 | -€1,610 | -15.3% |
| Amounts receivable within one year | 40/41 | €3,489 | €6,223 | +€2,734 | +78.3% |
| Trade receivables | 40 | €3,149 | €5,654 | +€2,506 | +79.6% |
| Other amounts receivable | 41 | €340 | €568 | +€228 | +67.0% |
| Cash at bank and in hand | 54/58 | €7,003 | €2,659 | -€4,343 | -62.0% |
| Total equity and liabilities | 10/49 | €15,430 | €10,615 | -€4,815 | -31.2% |
| Equity | 10/15 | €5,232 | -€5,841 | -€11,073 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,232 | -€9,841 | -€11,073 | |
| Amounts payable | 17/49 | €10,198 | €16,456 | +€6,257 | +61.4% |
| Amounts payable within one year | 42/48 | €10,198 | €16,456 | +€6,257 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,000 | +€4,000 | |
| Trade debts | 44 | €402 | €2,134 | +€1,732 | +431% |
| Suppliers | 440/4 | €402 | €2,134 | +€1,732 | +431% |
| Taxes, remuneration and social security | 45 | €9,796 | €10,321 | +€525 | +5.4% |
| Taxes | 450/3 | €3,702 | €4,223 | +€521 | +14.1% |
| Remuneration and social security | 454/9 | €6,094 | €6,098 | +€4 | +0.1% |
| Non-recurring operating income | 76A | €389 | €92 | -€297 | -76.3% |
| Remuneration, social security and pensions | 62 | €45,690 | €66,977 | +€21,286 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,368 | €3,205 | -€163 | -4.8% |
| Other operating charges | 640/8 | €240 | €1,648 | +€1,408 | +587% |
| Non-recurring operating charges | 66A | €18 | €14 | -€4 | -22.5% |
| Gross operating margin | 9900 | €54,792 | €62,649 | +€7,857 | +14.3% |
| Operating profit (loss) | 9901 | €5,476 | -€9,195 | -€14,671 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €454 | €2,037 | +€1,583 | +349% |
| Recurring financial charges | 65 | €454 | €2,037 | +€1,583 | +349% |
| Profit (loss) for the period before taxes | 9903 | €5,022 | -€11,222 | -€16,243 | |
| Income taxes | 67/77 | €746 | -€149 | -€895 | |
| Profit (loss) for the period | 9904 | €4,276 | -€11,073 | -€15,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,276 | -€11,073 | -€15,348 |
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 16 October 2026 via checked.be.