TwoTimesFive: 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.
TwoTimesFive
Largest movements
- Cash +€186,564
up €186,564 (+759.0%), from €24,580 to €211,144
mainly Net result for the year (+€226,857) and Depreciation (+€32,626)
- Current investments +€42,378
up €42,378 (+6.3%), from €670,000 to €712,378
- Receivables within one year +€32,524
up €32,524 (+222.0%), from €14,653 to €47,177
of which Other amounts receivable: +€32,800
- Tangible fixed assets -€31,537
down €31,537 (-3.9%), from €802,067 to €770,530
of which Land and buildings: -€25,434
- Reserves +€226,857
up €226,857 (+33.7%), from €674,132 to €900,989
- Financial income +€9,359
up €9,359 (+3.1%), from €300,453 to €309,812
- Financial charges +€7,278
up €7,278 (+237.3%), from €3,068 to €10,346
- Gross operating margin -€2,474
down €2,474 (-21.0%), from -€11,760 to -€14,234
- Other operating charges -€2,350
down €2,350 (-43.4%), from €5,414 to €3,064
- Taxes +€173
up €173 (+0.8%), from €22,513 to €22,686
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 | €1,811,935 | €2,041,753 | +€229,818 | +12.7% |
| Fixed assets | 21/28 | €1,102,067 | €1,070,530 | -€31,537 | -2.9% |
| Tangible fixed assets | 22/27 | €802,067 | €770,530 | -€31,537 | -3.9% |
| Land and buildings | 22 | €755,123 | €729,690 | -€25,434 | -3.4% |
| Plant, machinery and equipment | 23 | €3,484 | €1,774 | -€1,710 | -49.1% |
| Furniture and vehicles | 24 | €36,160 | €30,677 | -€5,483 | -15.2% |
| Other tangible fixed assets | 26 | €7,300 | €8,389 | +€1,089 | +14.9% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €709,868 | €971,223 | +€261,355 | +36.8% |
| Amounts receivable within one year | 40/41 | €14,653 | €47,177 | +€32,524 | +222.0% |
| Trade receivables | 40 | €1,672 | €1,396 | -€276 | -16.5% |
| Other amounts receivable | 41 | €12,981 | €45,781 | +€32,800 | +252.7% |
| Current investments | 50/53 | €670,000 | €712,378 | +€42,378 | +6.3% |
| Cash at bank and in hand | 54/58 | €24,580 | €211,144 | +€186,564 | +759.0% |
| Deferred charges and accrued income | 490/1 | €635 | €524 | -€111 | -17.5% |
| Total equity and liabilities | 10/49 | €1,811,935 | €2,041,753 | +€229,818 | +12.7% |
| Equity | 10/15 | €1,488,085 | €1,714,942 | +€226,857 | +15.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €674,132 | €900,989 | +€226,857 | +33.7% |
| Distributable reserves | 133 | €674,132 | €900,989 | +€226,857 | +33.7% |
| Profit (loss) carried forward | 14 | €513,953 | €513,953 | = | 0.0% |
| Amounts payable | 17/49 | €323,850 | €326,811 | +€2,961 | +0.9% |
| Amounts payable within one year | 42/48 | €322,687 | €326,724 | +€4,036 | +1.3% |
| Trade debts | 44 | €174 | €4,038 | +€3,864 | +2218.1% |
| Suppliers | 440/4 | €174 | €4,038 | +€3,864 | +2218.1% |
| Taxes, remuneration and social security | 45 | €22,513 | €22,686 | +€173 | +0.8% |
| Taxes | 450/3 | €22,513 | €22,686 | +€173 | +0.8% |
| Other amounts payable | 47/48 | €300,000 | €300,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,163 | €88 | -€1,075 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,567 | €32,626 | +€59 | +0.2% |
| Other operating charges | 640/8 | €5,414 | €3,064 | -€2,350 | -43.4% |
| Gross operating margin | 9900 | -€11,760 | -€14,234 | -€2,474 | -21.0% |
| Operating profit (loss) | 9901 | -€49,741 | -€49,924 | -€182 | -0.4% |
| Financial income | 75/76B | €300,453 | €309,812 | +€9,359 | +3.1% |
| Recurring financial income | 75 | €300,453 | €309,812 | +€9,359 | +3.1% |
| Financial charges | 65/66B | €3,068 | €10,346 | +€7,278 | +237.3% |
| Recurring financial charges | 65 | €3,068 | €10,346 | +€7,278 | +237.3% |
| Profit (loss) for the period before taxes | 9903 | €247,644 | €249,542 | +€1,899 | +0.8% |
| Income taxes | 67/77 | €22,513 | €22,686 | +€173 | +0.8% |
| Profit (loss) for the period | 9904 | €225,131 | €226,857 | +€1,726 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €225,131 | €226,857 | +€1,726 | +0.8% |
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 4 October 2026 via checked.be.