TWODESIGNERS: 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.
TWODESIGNERS
Largest movements
- Cash -€96,015
down €96,015 (-82.2%), from €116,778 to €20,763
mainly Net result for the year (-€70,635) and Advances received (-€25,612)
- Receivables within one year -€41,317
down €41,317 (-76.8%), from €53,773 to €12,456
of which Trade receivables: -€40,687
- Financial fixed assets -€6,480
no longer reported in 2025 (was €6,480)
- Tangible fixed assets +€3,582
up €3,582 (+25.6%), from €14,013 to €17,595
of which Furniture and vehicles: +€10,955
- Deferred charges and accrued income +€2,554
new in 2025: €2,554
- Profit (loss) carried forward -€70,635
down €70,635 (-97.2%), from €72,672 to €2,037
- Advances received -€25,612
no longer reported in 2025 (was €25,612)
- Tax, wage and social debts -€14,116
down €14,116 (-83.5%), from €16,906 to €2,790
- Contributions -€10,000
down €10,000 (-48.9%), from €20,460 to €10,460
- Trade debts -€9,485
down €9,485 (-38.4%), from €24,691 to €15,206
- Gross operating margin -€73,875
down €73,875, from €12,245 to -€61,630
- Taxes -€875
down €875 (-97.3%), from €899 to €24
- Depreciation -€757
down €757 (-8.7%), from €8,669 to €7,912
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 | €191,044 | €53,368 | -€137,676 | -72.1% |
| Fixed assets | 21/28 | €20,493 | €17,595 | -€2,898 | -14.1% |
| Tangible fixed assets | 22/27 | €14,013 | €17,595 | +€3,582 | +25.6% |
| Furniture and vehicles | 24 | - | €10,955 | +€10,955 | |
| Other tangible fixed assets | 26 | €14,013 | €6,640 | -€7,373 | -52.6% |
| Financial fixed assets | 28 | €6,480 | - | -€6,480 | |
| Current assets | 29/58 | €170,551 | €35,773 | -€134,778 | -79.0% |
| Amounts receivable within one year | 40/41 | €53,773 | €12,456 | -€41,317 | -76.8% |
| Trade receivables | 40 | €42,301 | €1,614 | -€40,687 | -96.2% |
| Other amounts receivable | 41 | €11,472 | €10,842 | -€630 | -5.5% |
| Cash at bank and in hand | 54/58 | €116,778 | €20,763 | -€96,015 | -82.2% |
| Deferred charges and accrued income | 490/1 | - | €2,554 | +€2,554 | |
| Total equity and liabilities | 10/49 | €191,044 | €53,368 | -€137,676 | -72.1% |
| Equity | 10/15 | €93,132 | €12,497 | -€80,635 | -86.6% |
| Contributions | 10/11 | €20,460 | €10,460 | -€10,000 | -48.9% |
| Profit (loss) carried forward | 14 | €72,672 | €2,037 | -€70,635 | -97.2% |
| Amounts payable | 17/49 | €97,912 | €40,871 | -€57,041 | -58.3% |
| Amounts payable after more than one year | 17 | €19,084 | €11,884 | -€7,200 | -37.7% |
| Financial debts | 170/4 | €19,084 | €11,884 | -€7,200 | -37.7% |
| Amounts payable within one year | 42/48 | €78,828 | €28,987 | -€49,841 | -63.2% |
| Current portion of amounts payable after more than one year | 42 | €5,257 | €4,629 | -€628 | -11.9% |
| Trade debts | 44 | €24,691 | €15,206 | -€9,485 | -38.4% |
| Suppliers | 440/4 | €24,691 | €15,206 | -€9,485 | -38.4% |
| Advances received on contracts in progress | 46 | €25,612 | - | -€25,612 | |
| Taxes, remuneration and social security | 45 | €16,906 | €2,790 | -€14,116 | -83.5% |
| Taxes | 450/3 | €16,906 | €2,790 | -€14,116 | -83.5% |
| Other amounts payable | 47/48 | €6,362 | €6,362 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,669 | €7,912 | -€757 | -8.7% |
| Other operating charges | 640/8 | €1,192 | €763 | -€429 | -36.0% |
| Gross operating margin | 9900 | €12,245 | -€61,630 | -€73,875 | |
| Operating profit (loss) | 9901 | €2,384 | -€70,305 | -€72,689 | |
| Financial income | 75/76B | €138 | €81 | -€57 | -41.3% |
| Recurring financial income | 75 | €138 | €81 | -€57 | -41.3% |
| Financial charges | 65/66B | €482 | €387 | -€95 | -19.7% |
| Recurring financial charges | 65 | €482 | €387 | -€95 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €2,040 | -€70,611 | -€72,651 | |
| Income taxes | 67/77 | €899 | €24 | -€875 | -97.3% |
| Profit (loss) for the period | 9904 | €1,141 | -€70,635 | -€71,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,141 | -€70,635 | -€71,776 |
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 7 October 2026 via checked.be.