3G TOPO: 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.
3G TOPO
Largest movements
- Cash +€17,008
up €17,008 (+21.3%), from €79,946 to €96,955
mainly Net result for the year (+€18,001) and Depreciation (+€14,820)
- Tangible fixed assets -€14,094
down €14,094 (-27.0%), from €52,112 to €38,019
of which Furniture and vehicles: -€13,381
- Receivables within one year +€1,909
up €1,909 (+14.5%), from €13,151 to €15,060
of which Trade receivables: +€1,961
- Reserves +€18,001
up €18,001 (+79.7%), from €22,582 to €40,583
- Debts after one year -€9,086
down €9,086 (-34.9%), from €26,042 to €16,956
- Other debts -€4,523
down €4,523 (-7.4%), from €61,092 to €56,570
- Gross operating margin +€8,542
up €8,542 (+22.2%), from €38,473 to €47,015
- Taxes +€2,303
up €2,303 (+42.9%), from €5,367 to €7,669
- Financial charges -€904
down €904 (-13.1%), from €6,890 to €5,986
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 | €146,216 | €150,997 | +€4,781 | +3.3% |
| Fixed assets | 21/28 | €52,112 | €38,019 | -€14,094 | -27.0% |
| Tangible fixed assets | 22/27 | €52,112 | €38,019 | -€14,094 | -27.0% |
| Plant, machinery and equipment | 23 | €2,344 | €1,631 | -€713 | -30.4% |
| Furniture and vehicles | 24 | €49,768 | €36,387 | -€13,381 | -26.9% |
| Current assets | 29/58 | €94,104 | €112,979 | +€18,875 | +20.1% |
| Amounts receivable within one year | 40/41 | €13,151 | €15,060 | +€1,909 | +14.5% |
| Trade receivables | 40 | €12,356 | €14,317 | +€1,961 | +15.9% |
| Other amounts receivable | 41 | €795 | €743 | -€52 | -6.5% |
| Current investments | 50/53 | €345 | €345 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,946 | €96,955 | +€17,008 | +21.3% |
| Deferred charges and accrued income | 490/1 | €662 | €619 | -€42 | -6.4% |
| Total equity and liabilities | 10/49 | €146,216 | €150,997 | +€4,781 | +3.3% |
| Equity | 10/15 | €41,182 | €59,183 | +€18,001 | +43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,582 | €40,583 | +€18,001 | +79.7% |
| Distributable reserves | 133 | €22,582 | €40,583 | +€18,001 | +79.7% |
| Amounts payable | 17/49 | €105,034 | €91,814 | -€13,220 | -12.6% |
| Amounts payable after more than one year | 17 | €26,042 | €16,956 | -€9,086 | -34.9% |
| Financial debts | 170/4 | €26,042 | €16,956 | -€9,086 | -34.9% |
| Amounts payable within one year | 42/48 | €78,992 | €74,858 | -€4,134 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €8,672 | €9,086 | +€414 | +4.8% |
| Trade debts | 44 | €825 | €681 | -€144 | -17.5% |
| Suppliers | 440/4 | €825 | €681 | -€144 | -17.5% |
| Taxes, remuneration and social security | 45 | €8,403 | €8,522 | +€118 | +1.4% |
| Taxes | 450/3 | €8,403 | €8,522 | +€118 | +1.4% |
| Other amounts payable | 47/48 | €61,092 | €56,570 | -€4,523 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,592 | €14,820 | +€228 | +1.6% |
| Other operating charges | 640/8 | €528 | €539 | +€11 | +2.0% |
| Gross operating margin | 9900 | €38,473 | €47,015 | +€8,542 | +22.2% |
| Operating profit (loss) | 9901 | €23,352 | €31,656 | +€8,304 | +35.6% |
| Financial charges | 65/66B | €6,890 | €5,986 | -€904 | -13.1% |
| Recurring financial charges | 65 | €6,890 | €5,986 | -€904 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €16,463 | €25,671 | +€9,208 | +55.9% |
| Income taxes | 67/77 | €5,367 | €7,669 | +€2,303 | +42.9% |
| Profit (loss) for the period | 9904 | €11,096 | €18,001 | +€6,905 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,096 | €18,001 | +€6,905 | +62.2% |
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 19 October 2026 via checked.be.