TWOGO: 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.
TWOGO
Largest movements
- Tangible fixed assets -€17,076
down €17,076 (-21.5%), from €79,278 to €62,202
of which Land and buildings: -€8,779
- Cash -€8,720
down €8,720 (-65.2%), from €13,367 to €4,646
mainly Net result for the year (-€19,379) and Debts after one year (-€6,104)
- Deferred charges and accrued income -€1,435
down €1,435 (-93.7%), from €1,532 to €97
- Profit (loss) carried forward -€19,379
down €19,379 (-43.2%), from -€44,878 to -€64,257
- Debts after one year -€6,104
down €6,104 (-18.7%), from €32,570 to €26,466
- Other debts -€4,361
down €4,361 (-6.5%), from €66,766 to €62,406
- Advances received +€3,950
up €3,950 (+156.4%), from €2,525 to €6,475
- Gross operating margin +€5,598
up €5,598, from -€1,821 to €3,777
- Depreciation +€244
up €244 (+1.2%), from €20,276 to €20,520
- Financial charges -€230
down €230 (-12.1%), from €1,906 to €1,675
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 | €98,208 | €71,650 | -€26,557 | -27.0% |
| Fixed assets | 21/28 | €79,838 | €63,634 | -€16,204 | -20.3% |
| Intangible fixed assets | 21 | €560 | €1,432 | +€871 | +155.5% |
| Tangible fixed assets | 22/27 | €79,278 | €62,202 | -€17,076 | -21.5% |
| Land and buildings | 22 | €49,438 | €40,659 | -€8,779 | -17.8% |
| Plant, machinery and equipment | 23 | €19,641 | €19,254 | -€387 | -2.0% |
| Furniture and vehicles | 24 | €10,199 | €2,289 | -€7,910 | -77.6% |
| Current assets | 29/58 | €18,370 | €8,017 | -€10,353 | -56.4% |
| Amounts receivable within one year | 40/41 | €3,471 | €3,273 | -€198 | -5.7% |
| Trade receivables | 40 | €1,471 | €3,273 | +€1,802 | +122.5% |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €13,367 | €4,646 | -€8,720 | -65.2% |
| Deferred charges and accrued income | 490/1 | €1,532 | €97 | -€1,435 | -93.7% |
| Total equity and liabilities | 10/49 | €98,208 | €71,650 | -€26,557 | -27.0% |
| Equity | 10/15 | -€12,318 | -€31,697 | -€19,379 | -157.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,360 | €26,360 | = | 0.0% |
| Distributable reserves | 133 | €26,360 | €26,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,878 | -€64,257 | -€19,379 | -43.2% |
| Amounts payable | 17/49 | €110,525 | €103,347 | -€7,178 | -6.5% |
| Amounts payable after more than one year | 17 | €32,570 | €26,466 | -€6,104 | -18.7% |
| Financial debts | 170/4 | €32,570 | €26,466 | -€6,104 | -18.7% |
| Amounts payable within one year | 42/48 | €77,956 | €76,882 | -€1,074 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €6,104 | €6,104 | = | 0.0% |
| Trade debts | 44 | €1,608 | €759 | -€848 | -52.8% |
| Suppliers | 440/4 | €1,608 | €759 | -€848 | -52.8% |
| Advances received on contracts in progress | 46 | €2,525 | €6,475 | +€3,950 | +156.4% |
| Taxes, remuneration and social security | 45 | €953 | €1,137 | +€185 | +19.4% |
| Taxes | 450/3 | €953 | €1,137 | +€185 | +19.4% |
| Other amounts payable | 47/48 | €66,766 | €62,406 | -€4,361 | -6.5% |
| Non-recurring operating income | 76A | €1,386 | - | -€1,386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,276 | €20,520 | +€244 | +1.2% |
| Other operating charges | 640/8 | €937 | €962 | +€25 | +2.6% |
| Gross operating margin | 9900 | -€1,821 | €3,777 | +€5,598 | |
| Operating profit (loss) | 9901 | -€23,034 | -€17,704 | +€5,329 | +23.1% |
| Financial charges | 65/66B | €1,906 | €1,675 | -€230 | -12.1% |
| Recurring financial charges | 65 | €1,906 | €1,675 | -€230 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,939 | -€19,379 | +€5,560 | +22.3% |
| Profit (loss) for the period | 9904 | -€24,939 | -€19,379 | +€5,560 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,939 | -€19,379 | +€5,560 | +22.3% |
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.