Two Move: 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 Move
Largest movements
- Cash +€13,899
up €13,899 (+9.4%), from €148,519 to €162,417
mainly Net result for the year (+€21,347) and Depreciation (+€12,511)
- Tangible fixed assets -€11,322
down €11,322 (-22.9%), from €49,342 to €38,021
of which Leasing and similar rights: -€7,763
- Receivables within one year +€7,559
up €7,559 (+78.3%), from €9,649 to €17,208
of which Trade receivables: +€12,761
- Reserves +€21,347
up €21,347 (+16.1%), from €132,644 to €153,991
- Debts after one year -€11,083
down €11,083 (-29.8%), from €37,187 to €26,103
- Trade debts +€4,357
up €4,357 (+396%), from €1,101 to €5,458
- Other debts -€4,128
down €4,128 (-86.6%), from €4,767 to €639
- Accrued charges and deferred income -€2,733
no longer reported in 2025 (was €2,733)
- Gross operating margin -€16,495
down €16,495 (-28.1%), from €58,715 to €42,220
- Depreciation +€5,407
up €5,407 (+76.1%), from €7,105 to €12,511
- Taxes -€4,067
down €4,067 (-40.1%), from €10,155 to €6,087
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 | €213,032 | €222,877 | +€9,845 | +4.6% |
| Fixed assets | 21/28 | €54,138 | €41,626 | -€12,511 | -23.1% |
| Intangible fixed assets | 21 | €3,295 | €2,106 | -€1,190 | -36.1% |
| Tangible fixed assets | 22/27 | €49,342 | €38,021 | -€11,322 | -22.9% |
| Plant, machinery and equipment | 23 | €2,097 | €1,647 | -€450 | -21.4% |
| Furniture and vehicles | 24 | €1,991 | €1,271 | -€719 | -36.1% |
| Leasing and similar rights | 25 | €35,498 | €27,735 | -€7,763 | -21.9% |
| Other tangible fixed assets | 26 | €9,757 | €7,367 | -€2,389 | -24.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €158,894 | €181,251 | +€22,356 | +14.1% |
| Amounts receivable within one year | 40/41 | €9,649 | €17,208 | +€7,559 | +78.3% |
| Trade receivables | 40 | €1,664 | €14,425 | +€12,761 | +767% |
| Other amounts receivable | 41 | €7,985 | €2,783 | -€5,202 | -65.1% |
| Cash at bank and in hand | 54/58 | €148,519 | €162,417 | +€13,899 | +9.4% |
| Deferred charges and accrued income | 490/1 | €726 | €1,625 | +€899 | +124% |
| Total equity and liabilities | 10/49 | €213,032 | €222,877 | +€9,845 | +4.6% |
| Equity | 10/15 | €151,244 | €172,591 | +€21,347 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,644 | €153,991 | +€21,347 | +16.1% |
| Distributable reserves | 133 | €132,644 | €153,991 | +€21,347 | +16.1% |
| Amounts payable | 17/49 | €61,788 | €50,286 | -€11,502 | -18.6% |
| Amounts payable after more than one year | 17 | €37,187 | €26,103 | -€11,083 | -29.8% |
| Financial debts | 170/4 | €37,187 | €26,103 | -€11,083 | -29.8% |
| Amounts payable within one year | 42/48 | €21,868 | €24,183 | +€2,314 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €10,785 | €11,083 | +€299 | +2.8% |
| Trade debts | 44 | €1,101 | €5,458 | +€4,357 | +396% |
| Suppliers | 440/4 | €1,101 | €5,458 | +€4,357 | +396% |
| Taxes, remuneration and social security | 45 | €5,215 | €7,002 | +€1,787 | +34.3% |
| Taxes | 450/3 | €5,215 | €7,002 | +€1,787 | +34.3% |
| Other amounts payable | 47/48 | €4,767 | €639 | -€4,128 | -86.6% |
| Accrued charges and deferred income | 492/3 | €2,733 | - | -€2,733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,105 | €12,511 | +€5,407 | +76.1% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €58,715 | €42,220 | -€16,495 | -28.1% |
| Operating profit (loss) | 9901 | €51,161 | €29,247 | -€21,914 | -42.8% |
| Financial income | 75/76B | €1 | €341 | +€340 | +36,938% |
| Recurring financial income | 75 | €1 | €341 | +€340 | +36,938% |
| Financial charges | 65/66B | €1,735 | €2,154 | +€419 | +24.1% |
| Recurring financial charges | 65 | €1,735 | €2,154 | +€419 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €49,427 | €27,434 | -€21,992 | -44.5% |
| Income taxes | 67/77 | €10,155 | €6,087 | -€4,067 | -40.1% |
| Profit (loss) for the period | 9904 | €39,272 | €21,347 | -€17,925 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,272 | €21,347 | -€17,925 | -45.6% |
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 15 October 2026 via checked.be.