TwoB: 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.
TwoB
Largest movements
- Intangible fixed assets +€33,189
up €33,189 (+26.1%), from €127,214 to €160,403
- Tangible fixed assets -€18,623
down €18,623 (-1.6%), from €1.2m to €1.2m
of which Land and buildings: -€18,973
- Current portion of long-term debt +€136,308
up €136,308 (+16097.4%), from €847 to €137,154
- Short-term financial debts -€129,855
no longer reported in 2025 (was €129,855)
- Debts after one year -€70,051
down €70,051 (-16.1%), from €436,072 to €366,021
- Other debts +€57,518
up €57,518 (+9.6%), from €601,053 to €658,571
- Profit (loss) carried forward +€14,057
up €14,057 (+25.8%), from €54,404 to €68,461
- Depreciation +€28,049
up €28,049 (+26.5%), from €105,698 to €133,746
- Taxes +€16,863
new in 2025: €16,863
- Turnover -€14,640
down €14,640 (-5.6%), from €261,467 to €246,827
- Purchases and services -€8,625
down €8,625 (-11.4%), from €75,987 to €67,362
- Gross operating margin -€6,015
down €6,015 (-3.2%), from €185,480 to €179,465
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 | €1,337,906 | €1,345,335 | +€7,429 | +0.6% |
| Fixed assets | 21/28 | €1,301,206 | €1,315,771 | +€14,565 | +1.1% |
| Intangible fixed assets | 21 | €127,214 | €160,403 | +€33,189 | +26.1% |
| Tangible fixed assets | 22/27 | €1,173,892 | €1,155,269 | -€18,623 | -1.6% |
| Land and buildings | 22 | €1,166,729 | €1,147,755 | -€18,973 | -1.6% |
| Plant, machinery and equipment | 23 | €1,402 | €990 | -€411 | -29.3% |
| Furniture and vehicles | 24 | €5,762 | €6,523 | +€761 | +13.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €36,701 | €29,564 | -€7,136 | -19.4% |
| Amounts receivable within one year | 40/41 | €12,362 | €14,452 | +€2,090 | +16.9% |
| Trade receivables | 40 | - | €100 | +€100 | |
| Other amounts receivable | 41 | €12,362 | €14,352 | +€1,990 | +16.1% |
| Cash at bank and in hand | 54/58 | €15,794 | €6,718 | -€9,076 | -57.5% |
| Deferred charges and accrued income | 490/1 | €8,545 | €8,395 | -€150 | -1.8% |
| Total equity and liabilities | 10/49 | €1,337,906 | €1,345,335 | +€7,429 | +0.6% |
| Equity | 10/15 | €104,404 | €118,461 | +€14,057 | +13.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,404 | €68,461 | +€14,057 | +25.8% |
| Amounts payable | 17/49 | €1,233,503 | €1,226,874 | -€6,629 | -0.5% |
| Amounts payable after more than one year | 17 | €436,072 | €366,021 | -€70,051 | -16.1% |
| Financial debts | 170/4 | €436,072 | €366,021 | -€70,051 | -16.1% |
| Amounts payable within one year | 42/48 | €797,431 | €860,853 | +€63,422 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €847 | €137,154 | +€136,308 | +16097.4% |
| Financial debts | 43 | €129,855 | - | -€129,855 | |
| Credit institutions | 430/8 | €129,855 | - | -€129,855 | |
| Trade debts | 44 | €65,675 | €65,127 | -€548 | -0.8% |
| Suppliers | 440/4 | €65,675 | €65,127 | -€548 | -0.8% |
| Other amounts payable | 47/48 | €601,053 | €658,571 | +€57,518 | +9.6% |
| Turnover | 70 | €261,467 | €246,827 | -€14,640 | -5.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €75,987 | €67,362 | -€8,625 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,698 | €133,746 | +€28,049 | +26.5% |
| Other operating charges | 640/8 | €5,251 | €5,140 | -€111 | -2.1% |
| Gross operating margin | 9900 | €185,480 | €179,465 | -€6,015 | -3.2% |
| Operating profit (loss) | 9901 | €74,532 | €40,579 | -€33,953 | -45.6% |
| Financial income | 75/76B | €51 | - | -€51 | |
| Recurring financial income | 75 | €51 | - | -€51 | |
| Financial charges | 65/66B | €9,491 | €9,658 | +€167 | +1.8% |
| Recurring financial charges | 65 | €9,491 | €9,658 | +€167 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €65,091 | €30,921 | -€34,170 | -52.5% |
| Income taxes | 67/77 | - | €16,863 | +€16,863 | |
| Profit (loss) for the period | 9904 | €65,091 | €14,057 | -€51,033 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,091 | €14,057 | -€51,033 | -78.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.