Two - Twins: 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 - Twins
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€159,019
down €159,019 (-3.5%), from €4.6m to €4.4m
- Reserves +€130,756
up €130,756 (+92.6%), from €141,205 to €271,962
of which Distributable reserves: +€88,656
- Gross operating margin +€9,190
up €9,190 (+5.3%), from €171,830 to €181,021
- Taxes +€4,843
up €4,843 (+11.1%), from €43,712 to €48,555
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 | €8,362,046 | €8,337,866 | -€24,179 | -0.3% |
| Fixed assets | 21/28 | €8,288,299 | €8,288,299 | = | 0.0% |
| Financial fixed assets | 28 | €8,288,299 | €8,288,299 | = | 0.0% |
| Current assets | 29/58 | €73,747 | €49,568 | -€24,179 | -32.8% |
| Amounts receivable within one year | 40/41 | €35,932 | €46,242 | +€10,309 | +28.7% |
| Trade receivables | 40 | €35,000 | €45,000 | +€10,000 | +28.6% |
| Other amounts receivable | 41 | €932 | €1,242 | +€309 | +33.2% |
| Cash at bank and in hand | 54/58 | €37,815 | €3,326 | -€34,489 | -91.2% |
| Total equity and liabilities | 10/49 | €8,362,046 | €8,337,866 | -€24,179 | -0.3% |
| Equity | 10/15 | €3,753,599 | €3,884,356 | +€130,756 | +3.5% |
| Contributions | 10/11 | €3,612,394 | €3,612,394 | = | 0.0% |
| Reserves | 13 | €141,205 | €271,962 | +€130,756 | +92.6% |
| Tax-exempt reserves | 132 | €63,150 | €105,250 | +€42,100 | +66.7% |
| Distributable reserves | 133 | €78,055 | €166,712 | +€88,656 | +114% |
| Amounts payable | 17/49 | €4,608,446 | €4,453,511 | -€154,935 | -3.4% |
| Amounts payable within one year | 42/48 | €4,607,042 | €4,452,937 | -€154,105 | -3.3% |
| Trade debts | 44 | €4,527 | €4,288 | -€239 | -5.3% |
| Suppliers | 440/4 | €4,527 | €4,288 | -€239 | -5.3% |
| Taxes, remuneration and social security | 45 | €3,712 | €8,866 | +€5,154 | +139% |
| Taxes | 450/3 | €3,712 | €8,866 | +€5,154 | +139% |
| Other amounts payable | 47/48 | €4,598,803 | €4,439,784 | -€159,019 | -3.5% |
| Accrued charges and deferred income | 492/3 | €1,404 | €574 | -€831 | -59.2% |
| Other operating charges | 640/8 | €613 | €1,226 | +€613 | +100.0% |
| Gross operating margin | 9900 | €171,830 | €181,021 | +€9,190 | +5.3% |
| Operating profit (loss) | 9901 | €171,217 | €179,794 | +€8,577 | +5.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €436 | €483 | +€47 | +10.8% |
| Recurring financial charges | 65 | €436 | €483 | +€47 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €170,781 | €179,312 | +€8,530 | +5.0% |
| Income taxes | 67/77 | €43,712 | €48,555 | +€4,843 | +11.1% |
| Profit (loss) for the period | 9904 | €127,069 | €130,756 | +€3,687 | +2.9% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €42,100 | -€21,050 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,919 | €88,656 | +€24,737 | +38.7% |
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 13 October 2026 via checked.be.