Den Topper: 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.
Den Topper
Largest movements
- Receivables within one year +€10,698
up €10,698 (+71.5%), from €14,960 to €25,658
of which Trade receivables: +€10,798
- Cash +€7,713
up €7,713 (+31.9%), from €24,182 to €31,894
mainly Tax, wage and social debts (+€11,969) and Depreciation (+€5,777)
- Tangible fixed assets +€6,307
up €6,307 (+46.2%), from €13,648 to €19,955
of which Furniture and vehicles: +€3,614
- Stocks and contracts -€1,864
down €1,864 (-30.6%), from €6,087 to €4,224
- Tax, wage and social debts +€11,969
up €11,969 (+92.8%), from €12,892 to €24,861
of which Taxes: +€14,769
- Trade debts +€5,530
up €5,530 (+39.1%), from €14,136 to €19,666
- Advances received +€5,500
up €5,500 (+100%), from €5,500 to €11,000
- Debts after one year -€4,250
down €4,250 (-46.1%), from €9,213 to €4,963
- Profit (loss) carried forward +€3,893
up €3,893 (+167%), from €2,332 to €6,225
- Staff costs -€13,939
down €13,939 (-23.1%), from €60,312 to €46,373
- Gross operating margin -€6,800
down €6,800 (-10.4%), from €65,682 to €58,882
- Financial income +€2,894
up €2,894 (+194,242%), from €1 to €2,896
- Depreciation +€1,765
up €1,765 (+44.0%), from €4,013 to €5,777
- Taxes +€1,535
up €1,535, from €0 to €1,535
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 | €64,877 | €88,320 | +€23,443 | +36.1% |
| Fixed assets | 21/28 | €19,648 | €25,955 | +€6,307 | +32.1% |
| Tangible fixed assets | 22/27 | €13,648 | €19,955 | +€6,307 | +46.2% |
| Plant, machinery and equipment | 23 | €9,059 | €11,751 | +€2,692 | +29.7% |
| Furniture and vehicles | 24 | €4,589 | €8,204 | +€3,614 | +78.8% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €45,229 | €62,365 | +€17,136 | +37.9% |
| Stocks and contracts in progress | 3 | €6,087 | €4,224 | -€1,864 | -30.6% |
| Stocks | 30/36 | €6,087 | €4,224 | -€1,864 | -30.6% |
| Amounts receivable within one year | 40/41 | €14,960 | €25,658 | +€10,698 | +71.5% |
| Trade receivables | 40 | €6,875 | €17,673 | +€10,798 | +157% |
| Other amounts receivable | 41 | €8,085 | €7,985 | -€100 | -1.2% |
| Cash at bank and in hand | 54/58 | €24,182 | €31,894 | +€7,713 | +31.9% |
| Deferred charges and accrued income | 490/1 | €0 | €589 | +€589 | |
| Total equity and liabilities | 10/49 | €64,877 | €88,320 | +€23,443 | +36.1% |
| Equity | 10/15 | €7,332 | €11,225 | +€3,893 | +53.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,332 | €6,225 | +€3,893 | +167% |
| Amounts payable | 17/49 | €57,545 | €77,095 | +€19,549 | +34.0% |
| Amounts payable after more than one year | 17 | €9,213 | €4,963 | -€4,250 | -46.1% |
| Financial debts | 170/4 | €9,213 | €4,963 | -€4,250 | -46.1% |
| Amounts payable within one year | 42/48 | €48,332 | €72,132 | +€23,800 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €3,956 | €4,250 | +€295 | +7.4% |
| Trade debts | 44 | €14,136 | €19,666 | +€5,530 | +39.1% |
| Suppliers | 440/4 | €14,136 | €19,666 | +€5,530 | +39.1% |
| Advances received on contracts in progress | 46 | €5,500 | €11,000 | +€5,500 | +100% |
| Taxes, remuneration and social security | 45 | €12,892 | €24,861 | +€11,969 | +92.8% |
| Taxes | 450/3 | €3,841 | €18,610 | +€14,769 | +384% |
| Remuneration and social security | 454/9 | €9,051 | €6,251 | -€2,800 | -30.9% |
| Other amounts payable | 47/48 | €11,848 | €12,354 | +€506 | +4.3% |
| Remuneration, social security and pensions | 62 | €60,312 | €46,373 | -€13,939 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,013 | €5,777 | +€1,765 | +44.0% |
| Other operating charges | 640/8 | €1,376 | €2,808 | +€1,432 | +104% |
| Gross operating margin | 9900 | €65,682 | €58,882 | -€6,800 | -10.4% |
| Operating profit (loss) | 9901 | -€18 | €3,924 | +€3,942 | |
| Financial income | 75/76B | €1 | €2,896 | +€2,894 | +194,242% |
| Recurring financial income | 75 | €1 | €2,896 | +€2,894 | +194,242% |
| Financial charges | 65/66B | €1,506 | €1,391 | -€115 | -7.6% |
| Recurring financial charges | 65 | €1,506 | €1,391 | -€115 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,523 | €5,428 | +€6,951 | |
| Income taxes | 67/77 | €0 | €1,535 | +€1,535 | |
| Profit (loss) for the period | 9904 | -€1,523 | €3,893 | +€5,417 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,523 | €3,893 | +€5,417 |
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 18 October 2026 via checked.be.