TOP ADVANCE: 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.
TOP ADVANCE
Largest movements
- Receivables within one year -€97,021
down €97,021 (-24.7%), from €392,580 to €295,559
of which Trade receivables: -€71,935
- Cash -€10,384
no longer reported in 2025 (was €10,384)
mainly Trade debts (-€91,404) and Tax, wage and social debts (-€14,538)
- Trade debts -€91,404
down €91,404 (-29.1%), from €314,321 to €222,917
- Tax, wage and social debts -€14,538
down €14,538 (-81.3%), from €17,886 to €3,349
of which Taxes: -€11,135
- Gross operating margin -€14,920
down €14,920 (-68.5%), from €21,784 to €6,864
- Financial charges -€4,247
down €4,247 (-67.8%), from €6,268 to €2,021
- Financial income +€387
new in 2025: €387
- Taxes -€358
down €358 (-6.5%), from €5,520 to €5,162
- Depreciation +€272
up €272 (+56.5%), from €481 to €753
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 | €407,818 | €299,320 | -€108,498 | -26.6% |
| Fixed assets | 21/28 | €1,837 | €1,085 | -€753 | -41.0% |
| Tangible fixed assets | 22/27 | €1,717 | €965 | -€753 | -43.8% |
| Furniture and vehicles | 24 | €1,717 | €965 | -€753 | -43.8% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €405,980 | €298,235 | -€107,745 | -26.5% |
| Amounts receivable within one year | 40/41 | €392,580 | €295,559 | -€97,021 | -24.7% |
| Trade receivables | 40 | €138,360 | €66,425 | -€71,935 | -52.0% |
| Other amounts receivable | 41 | €254,220 | €229,134 | -€25,087 | -9.9% |
| Current investments | 50/53 | - | €2,324 | +€2,324 | |
| Cash at bank and in hand | 54/58 | €10,384 | - | -€10,384 | |
| Deferred charges and accrued income | 490/1 | €3,016 | €352 | -€2,663 | -88.3% |
| Total equity and liabilities | 10/49 | €407,818 | €299,320 | -€108,498 | -26.6% |
| Equity | 10/15 | €75,611 | €73,054 | -€2,556 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| 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 | €67,551 | €64,994 | -€2,556 | -3.8% |
| Amounts payable | 17/49 | €332,207 | €226,265 | -€105,942 | -31.9% |
| Amounts payable within one year | 42/48 | €332,207 | €226,265 | -€105,942 | -31.9% |
| Trade debts | 44 | €314,321 | €222,917 | -€91,404 | -29.1% |
| Suppliers | 440/4 | €314,321 | €222,917 | -€91,404 | -29.1% |
| Taxes, remuneration and social security | 45 | €17,886 | €3,349 | -€14,538 | -81.3% |
| Taxes | 450/3 | €14,330 | €3,195 | -€11,135 | -77.7% |
| Remuneration and social security | 454/9 | €3,556 | €154 | -€3,402 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €753 | +€272 | +56.5% |
| Other operating charges | 640/8 | €1,601 | €1,771 | +€171 | +10.7% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €21,784 | €6,864 | -€14,920 | -68.5% |
| Operating profit (loss) | 9901 | €19,702 | €4,240 | -€15,462 | -78.5% |
| Financial income | 75/76B | - | €387 | +€387 | |
| Recurring financial income | 75 | - | €387 | +€387 | |
| Financial charges | 65/66B | €6,268 | €2,021 | -€4,247 | -67.8% |
| Recurring financial charges | 65 | €6,268 | €2,021 | -€4,247 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €13,434 | €2,606 | -€10,828 | -80.6% |
| Income taxes | 67/77 | €5,520 | €5,162 | -€358 | -6.5% |
| Profit (loss) for the period | 9904 | €7,914 | -€2,556 | -€10,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,914 | -€2,556 | -€10,470 |
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 21 October 2026 via checked.be.