BEN SAID TOPKWALITEIT: 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.
BEN SAID TOPKWALITEIT
Largest movements
- Receivables within one year +€236,978
up €236,978 (+101.7%), from €233,024 to €470,002
- Cash -€15,678
down €15,678 (-21.2%), from €74,110 to €58,432
mainly Receivables within one year (-€236,978) and Stocks and contracts (-€13,574)
- Stocks and contracts +€13,574
up €13,574 (+117.7%), from €11,530 to €25,104
- Trade debts +€216,017
up €216,017 (+110.3%), from €195,782 to €411,799
of which Suppliers: +€215,597
- Tax, wage and social debts +€13,828
up €13,828 (+264.6%), from €5,226 to €19,054
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Purchases and services -€1.0m
no longer reported in 2025 (was €1.0m)
- Taxes +€18,542
up €18,542 (+463.6%), from €4,000 to €22,542
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 | €328,371 | €565,106 | +€236,735 | +72.1% |
| Fixed assets | 21/28 | €9,707 | €11,568 | +€1,861 | +19.2% |
| Tangible fixed assets | 22/27 | €8,407 | €10,268 | +€1,861 | +22.1% |
| Plant, machinery and equipment | 23 | €1,407 | €707 | -€700 | -49.8% |
| Furniture and vehicles | 24 | €7,000 | €9,561 | +€2,561 | +36.6% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €318,664 | €553,538 | +€234,874 | +73.7% |
| Stocks and contracts in progress | 3 | €11,530 | €25,104 | +€13,574 | +117.7% |
| Stocks | 30/36 | €11,530 | €25,104 | +€13,574 | +117.7% |
| Amounts receivable within one year | 40/41 | €233,024 | €470,002 | +€236,978 | +101.7% |
| Trade receivables | 40 | €233,024 | €470,002 | +€236,978 | +101.7% |
| Cash at bank and in hand | 54/58 | €74,110 | €58,432 | -€15,678 | -21.2% |
| Total equity and liabilities | 10/49 | €328,371 | €565,106 | +€236,735 | +72.1% |
| Equity | 10/15 | €120,696 | €125,029 | +€4,333 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,096 | €106,429 | +€4,333 | +4.2% |
| Amounts payable | 17/49 | €207,675 | €440,077 | +€232,402 | +111.9% |
| Amounts payable within one year | 42/48 | €207,675 | €440,077 | +€232,402 | +111.9% |
| Trade debts | 44 | €195,782 | €411,799 | +€216,017 | +110.3% |
| Suppliers | 440/4 | €195,782 | €411,379 | +€215,597 | +110.1% |
| Bills of exchange payable | 441 | - | €420 | +€420 | |
| Taxes, remuneration and social security | 45 | €5,226 | €19,054 | +€13,828 | +264.6% |
| Taxes | 450/3 | €5,226 | €19,054 | +€13,828 | +264.6% |
| Other amounts payable | 47/48 | €6,667 | €9,224 | +€2,557 | +38.4% |
| Turnover | 70 | €1,065,519 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,035,271 | - | -€1.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,193 | €7,230 | +€3,037 | +72.4% |
| Other operating charges | 640/8 | - | €1,989 | +€1,989 | |
| Non-recurring operating charges | 66A | €6,941 | - | -€6,941 | |
| Gross operating margin | 9900 | €30,248 | €36,417 | +€6,169 | +20.4% |
| Operating profit (loss) | 9901 | €19,114 | €27,198 | +€8,084 | +42.3% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €246 | €336 | +€90 | +36.6% |
| Recurring financial charges | 65 | €246 | €336 | +€90 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €18,868 | €26,875 | +€8,007 | +42.4% |
| Income taxes | 67/77 | €4,000 | €22,542 | +€18,542 | +463.6% |
| Profit (loss) for the period | 9904 | €14,868 | €4,333 | -€10,535 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,868 | €4,333 | -€10,535 | -70.9% |
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 3 October 2026 via checked.be.