Tip-Top Secur: 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.
Tip-Top Secur
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-98.1%), from €1.2m to €23,775
of which Trade receivables: -€1.2m
- Tangible fixed assets -€706,294
down €706,294 (-36.7%), from €1.9m to €1.2m
of which Land and buildings: -€693,128
- Stocks and contracts +€97,546
up €97,546 (+8.3%), from €1.2m to €1.3m
- Cash -€57,761
down €57,761 (-88.6%), from €65,186 to €7,425
mainly Debts after one year (-€880,339) and Advances received (-€621,561)
- Debts after one year -€880,339
down €880,339 (-51.2%), from €1.7m to €838,779
- Advances received -€621,561
down €621,561 (-98.4%), from €631,710 to €10,149
- Trade debts -€356,964
down €356,964 (-94.2%), from €378,953 to €21,989
- Revaluation surpluses +€189,221
new in 2024: €189,221
- Accrued charges and deferred income -€148,570
no longer reported in 2024 (was €148,570)
- Gross operating margin -€607,319
down €607,319 (-78.5%), from €773,182 to €165,863
- Taxes -€86,368
down €86,368 (-95.4%), from €90,568 to €4,200
- Depreciation -€46,531
down €46,531 (-47.6%), from €97,705 to €51,174
- Financial charges -€33,613
down €33,613 (-51.3%), from €65,558 to €31,945
- Other operating charges -€23,505
down €23,505 (-68.0%), from €34,564 to €11,059
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,444,340 | €2,570,815 | -€1.9m | -42.2% |
| Fixed assets | 21/28 | €1,952,970 | €1,246,676 | -€706,294 | -36.2% |
| Tangible fixed assets | 22/27 | €1,925,190 | €1,218,896 | -€706,294 | -36.7% |
| Land and buildings | 22 | €1,731,307 | €1,038,179 | -€693,128 | -40.0% |
| Plant, machinery and equipment | 23 | €2,670 | €1,417 | -€1,253 | -46.9% |
| Furniture and vehicles | 24 | €183,610 | €173,352 | -€10,258 | -5.6% |
| Other tangible fixed assets | 26 | €7,602 | €5,948 | -€1,654 | -21.8% |
| Financial fixed assets | 28 | €27,780 | €27,780 | = | 0.0% |
| Current assets | 29/58 | €2,491,370 | €1,324,139 | -€1.2m | -46.9% |
| Stocks and contracts in progress | 3 | €1,171,875 | €1,269,421 | +€97,546 | +8.3% |
| Stocks | 30/36 | €1,171,875 | €1,269,421 | +€97,546 | +8.3% |
| Amounts receivable within one year | 40/41 | €1,248,862 | €23,775 | -€1.2m | -98.1% |
| Trade receivables | 40 | €1,233,674 | €6,561 | -€1.2m | -99.5% |
| Other amounts receivable | 41 | €15,189 | €17,214 | +€2,025 | +13.3% |
| Cash at bank and in hand | 54/58 | €65,186 | €7,425 | -€57,761 | -88.6% |
| Deferred charges and accrued income | 490/1 | €5,447 | €23,518 | +€18,071 | +331.7% |
| Total equity and liabilities | 10/49 | €4,444,340 | €2,570,815 | -€1.9m | -42.2% |
| Equity | 10/15 | €1,141,638 | €1,418,865 | +€277,227 | +24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Share premium | 1100/10 | €6,200 | - | -€6,200 | |
| Revaluation surpluses | 12 | - | €189,221 | +€189,221 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,133,578 | €1,221,584 | +€88,006 | +7.8% |
| Amounts payable | 17/49 | €3,302,701 | €1,151,950 | -€2.2m | -65.1% |
| Amounts payable after more than one year | 17 | €1,719,118 | €838,779 | -€880,339 | -51.2% |
| Financial debts | 170/4 | €1,719,118 | €838,779 | -€880,339 | -51.2% |
| Amounts payable within one year | 42/48 | €1,435,014 | €313,171 | -€1.1m | -78.2% |
| Current portion of amounts payable after more than one year | 42 | €113,368 | €107,513 | -€5,855 | -5.2% |
| Financial debts | 43 | €137,127 | €126,039 | -€11,088 | -8.1% |
| Credit institutions | 430/8 | €137,127 | €126,039 | -€11,088 | -8.1% |
| Trade debts | 44 | €378,953 | €21,989 | -€356,964 | -94.2% |
| Suppliers | 440/4 | €378,953 | €21,989 | -€356,964 | -94.2% |
| Advances received on contracts in progress | 46 | €631,710 | €10,149 | -€621,561 | -98.4% |
| Taxes, remuneration and social security | 45 | €76,288 | €9,110 | -€67,178 | -88.1% |
| Taxes | 450/3 | €67,049 | €3,536 | -€63,513 | -94.7% |
| Remuneration and social security | 454/9 | €9,239 | €5,574 | -€3,665 | -39.7% |
| Other amounts payable | 47/48 | €97,566 | €38,371 | -€59,195 | -60.7% |
| Accrued charges and deferred income | 492/3 | €148,570 | - | -€148,570 | |
| Remuneration, social security and pensions | 62 | €767 | - | -€767 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,705 | €51,174 | -€46,531 | -47.6% |
| Other operating charges | 640/8 | €34,564 | €11,059 | -€23,505 | -68.0% |
| Non-recurring operating charges | 66A | €215,050 | - | -€215,050 | |
| Gross operating margin | 9900 | €773,182 | €165,863 | -€607,319 | -78.5% |
| Operating profit (loss) | 9901 | €425,096 | €103,630 | -€321,466 | -75.6% |
| Financial income | 75/76B | €494 | €20,520 | +€20,026 | +4052.2% |
| Recurring financial income | 75 | €494 | €20,520 | +€20,026 | +4052.2% |
| Financial charges | 65/66B | €65,558 | €31,945 | -€33,613 | -51.3% |
| Recurring financial charges | 65 | €65,558 | €31,945 | -€33,613 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €360,032 | €92,205 | -€267,827 | -74.4% |
| Income taxes | 67/77 | €90,568 | €4,200 | -€86,368 | -95.4% |
| Profit (loss) for the period | 9904 | €269,464 | €88,005 | -€181,459 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €269,464 | €88,005 | -€181,459 | -67.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.