TWO WAY COMMUNICATIONS: 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 WAY COMMUNICATIONS
Largest movements
- Cash -€33,500
down €33,500 (-33.4%), from €100,373 to €66,873
mainly Net result for the year (-€70,820) and Other debts (-€3,880)
- Receivables within one year -€31,265
down €31,265 (-92.6%), from €33,779 to €2,513
of which Trade receivables: -€31,320
- Tangible fixed assets +€3,003
up €3,003 (+541%), from €555 to €3,558
of which Furniture and vehicles: +€1,611
- Deferred charges and accrued income +€2,789
up €2,789 (+43.8%), from €6,360 to €9,148
- Profit (loss) carried forward -€67,717
down €67,717, from €0 to -€67,717
- Accrued charges and deferred income +€18,907
up €18,907 (+683%), from €2,769 to €21,676
- Other debts -€3,880
down €3,880 (-80.3%), from €4,831 to €950
- Reserves -€3,103
down €3,103 (-3.1%), from €99,365 to €96,262
- Tax, wage and social debts -€2,491
down €2,491 (-11.1%), from €22,356 to €19,865
of which Taxes: -€2,937
- Gross operating margin -€82,362
down €82,362 (-77.5%), from €106,237 to €23,875
- Financial charges +€39,357
up €39,357 (+1,158%), from €3,398 to €42,755
- Other operating charges +€10,875
up €10,875 (+325%), from €3,345 to €14,221
- Taxes -€5,617
down €5,617 (-96.7%), from €5,810 to €193
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 | €141,067 | €82,093 | -€58,973 | -41.8% |
| Fixed assets | 21/28 | €555 | €3,558 | +€3,003 | +541% |
| Tangible fixed assets | 22/27 | €555 | €3,558 | +€3,003 | +541% |
| Plant, machinery and equipment | 23 | €555 | €1,948 | +€1,393 | +251% |
| Furniture and vehicles | 24 | - | €1,611 | +€1,611 | |
| Current assets | 29/58 | €140,512 | €78,535 | -€61,977 | -44.1% |
| Amounts receivable within one year | 40/41 | €33,779 | €2,513 | -€31,265 | -92.6% |
| Trade receivables | 40 | €33,655 | €2,336 | -€31,320 | -93.1% |
| Other amounts receivable | 41 | €124 | €178 | +€54 | +43.8% |
| Cash at bank and in hand | 54/58 | €100,373 | €66,873 | -€33,500 | -33.4% |
| Deferred charges and accrued income | 490/1 | €6,360 | €9,148 | +€2,789 | +43.8% |
| Total equity and liabilities | 10/49 | €141,067 | €82,093 | -€58,973 | -41.8% |
| Equity | 10/15 | €105,570 | €34,750 | -€70,820 | -67.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €99,365 | €96,262 | -€3,103 | -3.1% |
| Distributable reserves | 133 | €99,365 | €96,262 | -€3,103 | -3.1% |
| Profit (loss) carried forward | 14 | €0 | -€67,717 | -€67,717 | |
| Amounts payable | 17/49 | €35,496 | €47,343 | +€11,846 | +33.4% |
| Amounts payable within one year | 42/48 | €32,728 | €25,667 | -€7,061 | -21.6% |
| Financial debts | 43 | €2,907 | €3,498 | +€591 | +20.3% |
| Credit institutions | 430/8 | €2,907 | €3,498 | +€591 | +20.3% |
| Trade debts | 44 | €2,634 | €1,353 | -€1,281 | -48.6% |
| Suppliers | 440/4 | €2,634 | €1,353 | -€1,281 | -48.6% |
| Taxes, remuneration and social security | 45 | €22,356 | €19,865 | -€2,491 | -11.1% |
| Taxes | 450/3 | €13,246 | €10,309 | -€2,937 | -22.2% |
| Remuneration and social security | 454/9 | €9,109 | €9,556 | +€446 | +4.9% |
| Other amounts payable | 47/48 | €4,831 | €950 | -€3,880 | -80.3% |
| Accrued charges and deferred income | 492/3 | €2,769 | €21,676 | +€18,907 | +683% |
| Remuneration, social security and pensions | 62 | €35,897 | €36,863 | +€966 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185 | €664 | +€479 | +259% |
| Other operating charges | 640/8 | €3,345 | €14,221 | +€10,875 | +325% |
| Gross operating margin | 9900 | €106,237 | €23,875 | -€82,362 | -77.5% |
| Operating profit (loss) | 9901 | €66,810 | -€27,874 | -€94,683 | |
| Financial income | 75/76B | €5 | €2 | -€3 | -66.3% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -66.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,398 | €42,755 | +€39,357 | +1,158% |
| Recurring financial charges | 65 | €3,398 | €42,755 | +€39,357 | +1,158% |
| Profit (loss) for the period before taxes | 9903 | €63,417 | -€70,627 | -€134,044 | |
| Income taxes | 67/77 | €5,810 | €193 | -€5,617 | -96.7% |
| Profit (loss) for the period | 9904 | €57,607 | -€70,820 | -€128,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,607 | -€70,820 | -€128,426 |
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.