Twonen: 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.
Twonen
Largest movements
- Tangible fixed assets -€9,644
down €9,644 (-3.3%), from €294,530 to €284,885
- Debts after one year -€28,609
down €28,609 (-29.9%), from €95,589 to €66,980
of which Financial debts: -€28,609
- Profit (loss) carried forward +€15,718
up €15,718 (+56.6%), from -€27,748 to -€12,030
- Gross operating margin +€8,525
up €8,525 (+45.2%), from €18,848 to €27,373
- Other operating charges -€786
down €786 (-86.1%), from €912 to €126
- Financial charges -€758
down €758 (-28.7%), from €2,642 to €1,884
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 | €302,298 | €289,948 | -€12,350 | -4.1% |
| Fixed assets | 21/28 | €294,530 | €284,885 | -€9,644 | -3.3% |
| Tangible fixed assets | 22/27 | €294,530 | €284,885 | -€9,644 | -3.3% |
| Land and buildings | 22 | €294,530 | €284,885 | -€9,644 | -3.3% |
| Current assets | 29/58 | €7,768 | €5,063 | -€2,705 | -34.8% |
| Cash at bank and in hand | 54/58 | €7,768 | €5,063 | -€2,705 | -34.8% |
| Total equity and liabilities | 10/49 | €302,298 | €289,948 | -€12,350 | -4.1% |
| Equity | 10/15 | €167,252 | €182,970 | +€15,718 | +9.4% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,748 | -€12,030 | +€15,718 | +56.6% |
| Amounts payable | 17/49 | €135,046 | €106,978 | -€28,068 | -20.8% |
| Amounts payable after more than one year | 17 | €95,589 | €66,980 | -€28,609 | -29.9% |
| Financial debts | 170/4 | €92,889 | €64,280 | -€28,609 | -30.8% |
| Other amounts payable | 178/9 | €2,700 | €2,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,107 | €39,296 | +€189 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €8,420 | €8,609 | +€189 | +2.2% |
| Other amounts payable | 47/48 | €30,687 | €30,687 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €350 | €702 | +€352 | +101% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,644 | €9,644 | = | 0.0% |
| Other operating charges | 640/8 | €912 | €126 | -€786 | -86.1% |
| Gross operating margin | 9900 | €18,848 | €27,373 | +€8,525 | +45.2% |
| Operating profit (loss) | 9901 | €8,292 | €17,603 | +€9,311 | +112% |
| Financial charges | 65/66B | €2,642 | €1,884 | -€758 | -28.7% |
| Recurring financial charges | 65 | €2,642 | €1,884 | -€758 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €5,650 | €15,718 | +€10,068 | +178% |
| Profit (loss) for the period | 9904 | €5,650 | €15,718 | +€10,068 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €5,650 | €15,718 | +€10,068 | +178% |
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 14 October 2026 via checked.be.