TwooB: 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.
TwooB
Largest movements
- Receivables within one year +€110,039
up €110,039 (+1,978%), from €5,563 to €115,603
of which Trade receivables: +€110,037
- Tangible fixed assets -€58,927
down €58,927 (-8.1%), from €727,007 to €668,079
of which Leasing and similar rights: -€54,267
- Cash -€27,528
down €27,528 (-55.5%), from €49,626 to €22,099
mainly Receivables within one year (-€110,039) and Debts after one year (-€78,783)
- Debts after one year -€78,783
down €78,783 (-19.0%), from €415,286 to €336,503
- Profit (loss) carried forward +€74,975
up €74,975 (+2,398%), from €3,127 to €78,102
- Tax, wage and social debts +€24,268
up €24,268 (+363%), from €6,692 to €30,960
of which Taxes: +€18,518
- Gross operating margin +€68,770
up €68,770 (+57.2%), from €120,311 to €189,081
- Taxes +€20,115
new in 2025: €20,115
- Financial charges +€8,159
up €8,159 (+95.0%), from €8,587 to €16,747
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 | €783,056 | €806,437 | +€23,381 | +3.0% |
| Fixed assets | 21/28 | €727,007 | €668,079 | -€58,927 | -8.1% |
| Tangible fixed assets | 22/27 | €727,007 | €668,079 | -€58,927 | -8.1% |
| Land and buildings | 22 | €425,647 | €425,000 | -€647 | -0.2% |
| Plant, machinery and equipment | 23 | €11,906 | €7,892 | -€4,014 | -33.7% |
| Leasing and similar rights | 25 | €289,454 | €235,188 | -€54,267 | -18.7% |
| Current assets | 29/58 | €56,050 | €138,357 | +€82,308 | +147% |
| Amounts receivable within one year | 40/41 | €5,563 | €115,603 | +€110,039 | +1,978% |
| Trade receivables | 40 | €4,283 | €114,320 | +€110,037 | +2,569% |
| Other amounts receivable | 41 | €1,280 | €1,283 | +€3 | +0.2% |
| Cash at bank and in hand | 54/58 | €49,626 | €22,099 | -€27,528 | -55.5% |
| Deferred charges and accrued income | 490/1 | €860 | €656 | -€204 | -23.7% |
| Total equity and liabilities | 10/49 | €783,056 | €806,437 | +€23,381 | +3.0% |
| Equity | 10/15 | €276,640 | €351,616 | +€74,975 | +27.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €254,914 | €254,914 | = | 0.0% |
| Distributable reserves | 133 | €254,914 | €254,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,127 | €78,102 | +€74,975 | +2,398% |
| Amounts payable | 17/49 | €506,416 | €454,821 | -€51,594 | -10.2% |
| Amounts payable after more than one year | 17 | €415,286 | €336,503 | -€78,783 | -19.0% |
| Financial debts | 170/4 | €415,286 | €336,503 | -€78,783 | -19.0% |
| Amounts payable within one year | 42/48 | €91,130 | €118,319 | +€27,189 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €71,388 | €76,828 | +€5,440 | +7.6% |
| Trade debts | 44 | €8,269 | €5,750 | -€2,519 | -30.5% |
| Suppliers | 440/4 | €8,269 | €5,750 | -€2,519 | -30.5% |
| Taxes, remuneration and social security | 45 | €6,692 | €30,960 | +€24,268 | +363% |
| Taxes | 450/3 | €6,692 | €25,210 | +€18,518 | +277% |
| Remuneration and social security | 454/9 | - | €5,750 | +€5,750 | |
| Other amounts payable | 47/48 | €4,781 | €4,781 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,759 | €58,927 | -€1,832 | -3.0% |
| Other operating charges | 640/8 | €18,363 | €18,317 | -€46 | -0.2% |
| Gross operating margin | 9900 | €120,311 | €189,081 | +€68,770 | +57.2% |
| Operating profit (loss) | 9901 | €41,189 | €111,837 | +€70,648 | +172% |
| Financial charges | 65/66B | €8,587 | €16,747 | +€8,159 | +95.0% |
| Recurring financial charges | 65 | €8,587 | €16,747 | +€8,159 | +95.0% |
| Profit (loss) for the period before taxes | 9903 | €32,601 | €95,090 | +€62,489 | +192% |
| Income taxes | 67/77 | - | €20,115 | +€20,115 | |
| Profit (loss) for the period | 9904 | €32,601 | €74,975 | +€42,374 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €32,601 | €74,975 | +€42,374 | +130% |
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 24 October 2026 via checked.be.