TWOTrade: 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.
TWOTrade
Largest movements
- Cash -€60,188
down €60,188 (-72.5%), from €82,968 to €22,779
mainly Debts after one year (-€41,281) and Investment in fixed assets (net) (-€17,476)
- Receivables within one year -€6,799
down €6,799 (-31.3%), from €21,754 to €14,955
- Stocks and contracts +€4,915
up €4,915 (+21.2%), from €23,135 to €28,050
- Tangible fixed assets +€4,255
up €4,255 (+10.0%), from €42,517 to €46,771
of which Furniture and vehicles: +€12,035
- Debts after one year -€41,281
down €41,281 (-100.0%), from €41,281 to €0
- Reserves -€16,889
down €16,889 (-71.0%), from €23,798 to €6,910
- Gross operating margin -€35,882
down €35,882 (-94.0%), from €38,173 to €2,291
- Depreciation +€9,526
up €9,526 (+257.8%), from €3,695 to €13,221
- Taxes -€8,616
down €8,616 (-100.0%), from €8,616 to €0
- Other operating charges +€3,944
up €3,944 (+528.8%), from €746 to €4,690
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 | €183,138 | €125,535 | -€57,603 | -31.5% |
| Fixed assets | 21/28 | €53,985 | €58,240 | +€4,255 | +7.9% |
| Tangible fixed assets | 22/27 | €42,517 | €46,771 | +€4,255 | +10.0% |
| Plant, machinery and equipment | 23 | €36,089 | €28,308 | -€7,781 | -21.6% |
| Furniture and vehicles | 24 | €6,428 | €18,463 | +€12,035 | +187.2% |
| Financial fixed assets | 28 | €11,469 | €11,469 | = | 0.0% |
| Current assets | 29/58 | €129,153 | €67,295 | -€61,858 | -47.9% |
| Stocks and contracts in progress | 3 | €23,135 | €28,050 | +€4,915 | +21.2% |
| Stocks | 30/36 | €23,135 | €28,050 | +€4,915 | +21.2% |
| Amounts receivable within one year | 40/41 | €21,754 | €14,955 | -€6,799 | -31.3% |
| Other amounts receivable | 41 | €21,754 | €14,955 | -€6,799 | -31.3% |
| Cash at bank and in hand | 54/58 | €82,968 | €22,779 | -€60,188 | -72.5% |
| Deferred charges and accrued income | 490/1 | €1,296 | €1,510 | +€214 | +16.5% |
| Total equity and liabilities | 10/49 | €183,138 | €125,535 | -€57,603 | -31.5% |
| Equity | 10/15 | €26,798 | €9,910 | -€16,889 | -63.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,798 | €6,910 | -€16,889 | -71.0% |
| Distributable reserves | 133 | €23,798 | €6,910 | -€16,889 | -71.0% |
| Amounts payable | 17/49 | €156,340 | €115,625 | -€40,715 | -26.0% |
| Amounts payable after more than one year | 17 | €41,281 | €0 | -€41,281 | -100.0% |
| Other amounts payable | 178/9 | €41,281 | €0 | -€41,281 | -100.0% |
| Amounts payable within one year | 42/48 | €115,059 | €115,625 | +€566 | +0.5% |
| Trade debts | 44 | €106,106 | €105,396 | -€710 | -0.7% |
| Suppliers | 440/4 | €106,106 | €105,396 | -€710 | -0.7% |
| Advances received on contracts in progress | 46 | - | €210 | +€210 | |
| Taxes, remuneration and social security | 45 | €8,635 | €8,635 | = | 0.0% |
| Taxes | 450/3 | €8,635 | €8,635 | = | 0.0% |
| Other amounts payable | 47/48 | €319 | €1,385 | +€1,066 | +334.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,695 | €13,221 | +€9,526 | +257.8% |
| Other operating charges | 640/8 | €746 | €4,690 | +€3,944 | +528.8% |
| Gross operating margin | 9900 | €38,173 | €2,291 | -€35,882 | -94.0% |
| Operating profit (loss) | 9901 | €33,732 | -€15,620 | -€49,352 | |
| Financial income | 75/76B | €1 | €199 | +€198 | +37434.0% |
| Recurring financial income | 75 | €1 | €199 | +€198 | +37434.0% |
| Financial charges | 65/66B | €1,318 | €1,468 | +€150 | +11.3% |
| Recurring financial charges | 65 | €1,318 | €1,468 | +€150 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €32,414 | -€16,889 | -€49,303 | |
| Income taxes | 67/77 | €8,616 | €0 | -€8,616 | -100.0% |
| Profit (loss) for the period | 9904 | €23,798 | -€16,889 | -€40,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,798 | -€16,889 | -€40,687 |
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 6 October 2026 via checked.be.