TWOMORROW: 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.
TWOMORROW
Largest movements
- Cash +€12,309
up €12,309 (+265%), from €4,637 to €16,946
mainly Receivables within one year (+€11,107) and Depreciation (+€1,501)
- Receivables within one year -€11,107
down €11,107 (-61.5%), from €18,061 to €6,954
of which Trade receivables: -€11,939
- Tangible fixed assets -€1,501
down €1,501 (-46.3%), from €3,242 to €1,741
of which Furniture and vehicles: -€1,073
- Short-term financial debts -€1,749
no longer reported in 2025 (was €1,749)
- Tax, wage and social debts +€1,392
up €1,392 (+65.5%), from €2,124 to €3,516
- Gross operating margin -€9,141
down €9,141 (-78.5%), from €11,647 to €2,506
- Taxes -€3,131
down €3,131 (-87.0%), from €3,600 to €469
- Depreciation +€554
up €554 (+58.5%), from €947 to €1,501
- Financial charges +€130
up €130 (+32.6%), from €399 to €529
- Financial income +€123
new in 2025: €123
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 | €25,940 | €25,641 | -€299 | -1.2% |
| Fixed assets | 21/28 | €3,242 | €1,741 | -€1,501 | -46.3% |
| Tangible fixed assets | 22/27 | €3,242 | €1,741 | -€1,501 | -46.3% |
| Furniture and vehicles | 24 | €2,701 | €1,628 | -€1,073 | -39.7% |
| Other tangible fixed assets | 26 | €541 | €114 | -€428 | -79.0% |
| Current assets | 29/58 | €22,698 | €23,900 | +€1,202 | +5.3% |
| Amounts receivable within one year | 40/41 | €18,061 | €6,954 | -€11,107 | -61.5% |
| Trade receivables | 40 | €14,715 | €2,776 | -€11,939 | -81.1% |
| Other amounts receivable | 41 | €3,347 | €4,178 | +€832 | +24.9% |
| Cash at bank and in hand | 54/58 | €4,637 | €16,946 | +€12,309 | +265% |
| Total equity and liabilities | 10/49 | €25,940 | €25,641 | -€299 | -1.2% |
| Equity | 10/15 | €18,432 | €18,342 | -€90 | -0.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160 | -€250 | -€90 | -56.5% |
| Amounts payable | 17/49 | €7,508 | €7,300 | -€209 | -2.8% |
| Amounts payable within one year | 42/48 | €7,508 | €7,300 | -€209 | -2.8% |
| Financial debts | 43 | €1,749 | - | -€1,749 | |
| Credit institutions | 430/8 | €1,749 | - | -€1,749 | |
| Trade debts | 44 | €3,636 | €3,783 | +€148 | +4.1% |
| Suppliers | 440/4 | €3,636 | €3,783 | +€148 | +4.1% |
| Taxes, remuneration and social security | 45 | €2,124 | €3,516 | +€1,392 | +65.5% |
| Taxes | 450/3 | €2,124 | €3,516 | +€1,392 | +65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €947 | €1,501 | +€554 | +58.5% |
| Other operating charges | 640/8 | €220 | €220 | = | 0.0% |
| Gross operating margin | 9900 | €11,647 | €2,506 | -€9,141 | -78.5% |
| Operating profit (loss) | 9901 | €10,480 | €785 | -€9,696 | -92.5% |
| Financial income | 75/76B | - | €123 | +€123 | |
| Recurring financial income | 75 | - | €123 | +€123 | |
| Financial charges | 65/66B | €399 | €529 | +€130 | +32.6% |
| Recurring financial charges | 65 | €399 | €529 | +€130 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €10,081 | €379 | -€9,702 | -96.2% |
| Income taxes | 67/77 | €3,600 | €469 | -€3,131 | -87.0% |
| Profit (loss) for the period | 9904 | €6,481 | -€90 | -€6,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,481 | -€90 | -€6,571 |
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 17 October 2026 via checked.be.