EURO - TOP: 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.
EURO - TOP
Largest movements
- Cash -€21,104
down €21,104 (-37.1%), from €56,933 to €35,829
mainly Trade debts (-€20,316) and Net result for the year (-€15,315)
- Receivables within one year -€4,202
down €4,202 (-46.6%), from €9,010 to €4,808
of which Other amounts receivable: -€2,752
- Tangible fixed assets -€3,997
down €3,997 (-39.1%), from €10,211 to €6,214
of which Furniture and vehicles: -€3,555
- Deferred charges and accrued income -€778
no longer reported in 2025 (was €778)
- Trade debts -€20,316
down €20,316 (-91.1%), from €22,310 to €1,994
- Profit (loss) carried forward -€15,315
down €15,315 (-9.5%), from -€161,755 to -€177,069
- Tax, wage and social debts +€5,468
up €5,468 (+290%), from €1,887 to €7,355
of which Remuneration and social security: +€3,179
- Gross operating margin +€47,887
up €47,887, from -€25,538 to €22,349
- Staff costs -€10,211
down €10,211 (-23.5%), from €43,382 to €33,171
- Depreciation +€315
up €315 (+8.5%), from €3,683 to €3,997
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 | €77,032 | €46,951 | -€30,081 | -39.1% |
| Fixed assets | 21/28 | €10,311 | €6,314 | -€3,997 | -38.8% |
| Tangible fixed assets | 22/27 | €10,211 | €6,214 | -€3,997 | -39.1% |
| Furniture and vehicles | 24 | €8,159 | €4,604 | -€3,555 | -43.6% |
| Other tangible fixed assets | 26 | €2,052 | €1,610 | -€442 | -21.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €66,721 | €40,637 | -€26,084 | -39.1% |
| Amounts receivable within one year | 40/41 | €9,010 | €4,808 | -€4,202 | -46.6% |
| Trade receivables | 40 | €6,222 | €4,772 | -€1,450 | -23.3% |
| Other amounts receivable | 41 | €2,788 | €36 | -€2,752 | -98.7% |
| Cash at bank and in hand | 54/58 | €56,933 | €35,829 | -€21,104 | -37.1% |
| Deferred charges and accrued income | 490/1 | €778 | - | -€778 | |
| Total equity and liabilities | 10/49 | €77,032 | €46,951 | -€30,081 | -39.1% |
| Equity | 10/15 | €52,835 | €37,521 | -€15,315 | -29.0% |
| Contributions | 10/11 | €179,487 | €179,487 | = | 0.0% |
| Reserves | 13 | €35,104 | €35,104 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,950 | €17,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,950 | €17,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,154 | €17,154 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,755 | -€177,069 | -€15,315 | -9.5% |
| Amounts payable | 17/49 | €24,196 | €9,430 | -€14,767 | -61.0% |
| Amounts payable within one year | 42/48 | €24,196 | €9,430 | -€14,767 | -61.0% |
| Trade debts | 44 | €22,310 | €1,994 | -€20,316 | -91.1% |
| Suppliers | 440/4 | €22,310 | €1,994 | -€20,316 | -91.1% |
| Taxes, remuneration and social security | 45 | €1,887 | €7,355 | +€5,468 | +290% |
| Taxes | 450/3 | €527 | €2,816 | +€2,289 | +435% |
| Remuneration and social security | 454/9 | €1,360 | €4,539 | +€3,179 | +234% |
| Other amounts payable | 47/48 | - | €81 | +€81 | |
| Remuneration, social security and pensions | 62 | €43,382 | €33,171 | -€10,211 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,683 | €3,997 | +€315 | +8.5% |
| Gross operating margin | 9900 | -€25,538 | €22,349 | +€47,887 | |
| Operating profit (loss) | 9901 | -€72,603 | -€14,819 | +€57,784 | +79.6% |
| Financial income | 75/76B | €61 | €56 | -€5 | -8.1% |
| Recurring financial income | 75 | €61 | €56 | -€5 | -8.1% |
| Financial charges | 65/66B | €749 | €551 | -€197 | -26.4% |
| Recurring financial charges | 65 | €749 | €551 | -€197 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€73,291 | -€15,315 | +€57,977 | +79.1% |
| Profit (loss) for the period | 9904 | -€73,291 | -€15,315 | +€57,977 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,291 | -€15,315 | +€57,977 | +79.1% |
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 27 October 2026 via checked.be.