UNTWIST: 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.
UNTWIST
Largest movements
- Cash +€29,137
up €29,137 (+47.2%), from €61,758 to €90,894
mainly Net result for the year (+€38,975) and Depreciation (+€11,109)
- Receivables within one year +€22,474
up €22,474 (+33.6%), from €66,913 to €89,387
of which Other amounts receivable: +€27,587
- Tangible fixed assets -€11,109
down €11,109 (-35.3%), from €31,498 to €20,389
of which Furniture and vehicles: -€10,891
- Reserves +€38,975
up €38,975 (+35.4%), from €110,033 to €149,007
- Tax, wage and social debts +€10,908
up €10,908 (+72.7%), from €15,014 to €25,922
- Debts after one year -€9,584
down €9,584 (-56.4%), from €16,985 to €7,401
- Gross operating margin -€1,408
down €1,408 (-2.3%), from €60,194 to €58,787
- Financial income +€936
up €936 (+38.0%), from €2,465 to €3,401
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 | €160,300 | €200,926 | +€40,627 | +25.3% |
| Fixed assets | 21/28 | €31,498 | €20,389 | -€11,109 | -35.3% |
| Tangible fixed assets | 22/27 | €31,498 | €20,389 | -€11,109 | -35.3% |
| Plant, machinery and equipment | 23 | €218 | €0 | -€218 | -100% |
| Furniture and vehicles | 24 | €31,280 | €20,389 | -€10,891 | -34.8% |
| Current assets | 29/58 | €128,801 | €180,537 | +€51,736 | +40.2% |
| Amounts receivable within one year | 40/41 | €66,913 | €89,387 | +€22,474 | +33.6% |
| Trade receivables | 40 | €12,444 | €7,331 | -€5,113 | -41.1% |
| Other amounts receivable | 41 | €54,469 | €82,056 | +€27,587 | +50.6% |
| Cash at bank and in hand | 54/58 | €61,758 | €90,894 | +€29,137 | +47.2% |
| Deferred charges and accrued income | 490/1 | €131 | €256 | +€125 | +95.5% |
| Total equity and liabilities | 10/49 | €160,300 | €200,926 | +€40,627 | +25.3% |
| Equity | 10/15 | €119,033 | €158,007 | +€38,975 | +32.7% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €110,033 | €149,007 | +€38,975 | +35.4% |
| Distributable reserves | 133 | €110,033 | €149,007 | +€38,975 | +35.4% |
| Amounts payable | 17/49 | €41,267 | €42,919 | +€1,652 | +4.0% |
| Amounts payable after more than one year | 17 | €16,985 | €7,401 | -€9,584 | -56.4% |
| Financial debts | 170/4 | €16,985 | €7,401 | -€9,584 | -56.4% |
| Amounts payable within one year | 42/48 | €24,282 | €35,506 | +€11,223 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €9,268 | €9,584 | +€315 | +3.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,014 | €25,922 | +€10,908 | +72.7% |
| Taxes | 450/3 | €15,014 | €25,922 | +€10,908 | +72.7% |
| Accrued charges and deferred income | 492/3 | €0 | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,191 | €11,109 | -€82 | -0.7% |
| Other operating charges | 640/8 | €351 | €776 | +€425 | +121% |
| Gross operating margin | 9900 | €60,194 | €58,787 | -€1,408 | -2.3% |
| Operating profit (loss) | 9901 | €48,653 | €46,901 | -€1,751 | -3.6% |
| Financial income | 75/76B | €2,465 | €3,401 | +€936 | +38.0% |
| Recurring financial income | 75 | €2,465 | €3,401 | +€936 | +38.0% |
| Financial charges | 65/66B | €1,244 | €888 | -€355 | -28.6% |
| Recurring financial charges | 65 | €1,244 | €888 | -€355 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €49,874 | €49,414 | -€460 | -0.9% |
| Income taxes | 67/77 | €10,502 | €10,440 | -€62 | -0.6% |
| Profit (loss) for the period | 9904 | €39,373 | €38,975 | -€398 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,373 | €38,975 | -€398 | -1.0% |
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 16 October 2026 via checked.be.