TWOCREATIONS: what changed
Two fiscal 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.
TWOCREATIONS
Largest movements
- Tangible fixed assets +€7,705
up €7,705 (+9.2%), from €83,868 to €91,573
- Cash +€5,070
up €5,070 (+18.7%), from €27,162 to €32,232
mainly Debts after one year (+€47,756) and Net result for the year (+€28,656)
- Receivables within one year -€3,126
down €3,126 (-12.5%), from €24,985 to €21,859
of which Trade receivables: -€4,159
- Intangible fixed assets +€2,741
up €2,741 (+409.7%), from €669 to €3,410
- Other debts -€60,729
down €60,729 (-65.8%), from €92,361 to €31,632
- Debts after one year +€47,756
new in 2025: €47,756
- Profit (loss) carried forward +€11,009
up €11,009 (+61.1%), from €18,017 to €29,026
- Current portion of long-term debt +€7,297
up €7,297 (+355.4%), from €2,053 to €9,350
- Trade debts +€4,856
up €4,856 (+106.1%), from €4,578 to €9,434
- Gross operating margin +€13,084
up €13,084 (+31.6%), from €41,419 to €54,503
- Depreciation +€5,605
up €5,605 (+76.3%), from €7,349 to €12,954
- Taxes +€3,544
up €3,544 (+51.9%), from €6,825 to €10,369
- Financial charges +€1,115
up €1,115 (+84.7%), from €1,316 to €2,431
- Financial income +€572
up €572 (+615.1%), from €93 to €665
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 | €137,469 | €150,047 | +€12,578 | +9.1% |
| Fixed assets | 21/28 | €84,630 | €95,076 | +€10,446 | +12.3% |
| Intangible fixed assets | 21 | €669 | €3,410 | +€2,741 | +409.7% |
| Tangible fixed assets | 22/27 | €83,868 | €91,573 | +€7,705 | +9.2% |
| Land and buildings | 22 | €78,188 | €81,880 | +€3,692 | +4.7% |
| Plant, machinery and equipment | 23 | - | €1,335 | +€1,335 | |
| Furniture and vehicles | 24 | €5,680 | €8,358 | +€2,678 | +47.1% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €52,839 | €54,971 | +€2,132 | +4.0% |
| Amounts receivable within one year | 40/41 | €24,985 | €21,859 | -€3,126 | -12.5% |
| Trade receivables | 40 | €22,914 | €18,755 | -€4,159 | -18.2% |
| Other amounts receivable | 41 | €2,071 | €3,104 | +€1,033 | +49.9% |
| Cash at bank and in hand | 54/58 | €27,162 | €32,232 | +€5,070 | +18.7% |
| Deferred charges and accrued income | 490/1 | €692 | €880 | +€188 | +27.2% |
| Total equity and liabilities | 10/49 | €137,469 | €150,047 | +€12,578 | +9.1% |
| Equity | 10/15 | €38,477 | €49,486 | +€11,009 | +28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,017 | €29,026 | +€11,009 | +61.1% |
| Amounts payable | 17/49 | €98,992 | €100,561 | +€1,569 | +1.6% |
| Amounts payable after more than one year | 17 | - | €47,756 | +€47,756 | |
| Financial debts | 170/4 | - | €47,756 | +€47,756 | |
| Amounts payable within one year | 42/48 | €98,992 | €52,782 | -€46,210 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €2,053 | €9,350 | +€7,297 | +355.4% |
| Trade debts | 44 | €4,578 | €9,434 | +€4,856 | +106.1% |
| Suppliers | 440/4 | €4,578 | €9,434 | +€4,856 | +106.1% |
| Taxes, remuneration and social security | 45 | - | €2,366 | +€2,366 | |
| Taxes | 450/3 | - | €2,366 | +€2,366 | |
| Other amounts payable | 47/48 | €92,361 | €31,632 | -€60,729 | -65.8% |
| Accrued charges and deferred income | 492/3 | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,349 | €12,954 | +€5,605 | +76.3% |
| Other operating charges | 640/8 | €216 | €758 | +€542 | +250.9% |
| Gross operating margin | 9900 | €41,419 | €54,503 | +€13,084 | +31.6% |
| Operating profit (loss) | 9901 | €33,854 | €40,791 | +€6,937 | +20.5% |
| Financial income | 75/76B | €93 | €665 | +€572 | +615.1% |
| Recurring financial income | 75 | €93 | €665 | +€572 | +615.1% |
| Financial charges | 65/66B | €1,316 | €2,431 | +€1,115 | +84.7% |
| Recurring financial charges | 65 | €1,316 | €2,431 | +€1,115 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €32,631 | €39,025 | +€6,394 | +19.6% |
| Income taxes | 67/77 | €6,825 | €10,369 | +€3,544 | +51.9% |
| Profit (loss) for the period | 9904 | €25,806 | €28,656 | +€2,850 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,806 | €28,656 | +€2,850 | +11.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.