TOP BATIMENT: 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 BATIMENT
Largest movements
- Tangible fixed assets +€47,120
up €47,120 (+36.3%), from €129,827 to €176,947
of which Furniture and vehicles: +€48,904
- Receivables after one year +€11,972
up €11,972 (+35.9%), from €33,343 to €45,315
- Cash -€4,093
no longer reported in 2025 (was €4,093)
mainly Investment in fixed assets (net) (-€92,372) and Trade debts (-€49,059)
- Short-term financial debts +€54,948
new in 2025: €54,948
- Trade debts -€49,059
down €49,059 (-53.2%), from €92,139 to €43,080
- Debts after one year +€29,347
up €29,347 (+48.6%), from €60,342 to €89,689
- Accrued charges and deferred income +€21,971
up €21,971 (+244%), from €9,000 to €30,971
- Current portion of long-term debt +€14,996
up €14,996 (+64.0%), from €23,419 to €38,415
- Turnover -€379,352
down €379,352 (-32.4%), from €1.2m to €791,072
- Purchases and services -€330,779
down €330,779 (-30.7%), from €1.1m to €748,116
- Gross operating margin -€55,433
down €55,433 (-56.3%), from €98,389 to €42,956
- Taxes -€18,789
down €18,789 (-97.1%), from €19,347 to €558
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 | €272,570 | €326,102 | +€53,532 | +19.6% |
| Fixed assets | 21/28 | €131,827 | €178,947 | +€47,120 | +35.7% |
| Tangible fixed assets | 22/27 | €129,827 | €176,947 | +€47,120 | +36.3% |
| Plant, machinery and equipment | 23 | €5,010 | €3,267 | -€1,743 | -34.8% |
| Furniture and vehicles | 24 | €124,776 | €173,680 | +€48,904 | +39.2% |
| Other tangible fixed assets | 26 | €41 | - | -€41 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €140,743 | €147,155 | +€6,412 | +4.6% |
| Amounts receivable after more than one year | 29 | €33,343 | €45,315 | +€11,972 | +35.9% |
| Other amounts receivable | 291 | €33,343 | €45,315 | +€11,972 | +35.9% |
| Amounts receivable within one year | 40/41 | €92,807 | €93,335 | +€528 | +0.6% |
| Trade receivables | 40 | €66,071 | €79,844 | +€13,773 | +20.8% |
| Other amounts receivable | 41 | €26,736 | €13,491 | -€13,245 | -49.5% |
| Cash at bank and in hand | 54/58 | €4,093 | - | -€4,093 | |
| Deferred charges and accrued income | 490/1 | €10,500 | €8,505 | -€1,995 | -19.0% |
| Total equity and liabilities | 10/49 | €272,570 | €326,102 | +€53,532 | +19.6% |
| Equity | 10/15 | €61,680 | €48,307 | -€13,373 | -21.7% |
| Contributions | 10/11 | €18,983 | €18,983 | = | 0.0% |
| Reserves | 13 | €208 | €208 | = | 0.0% |
| Distributable reserves | 133 | €208 | €208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,698 | €29,116 | -€12,582 | -30.2% |
| Investment grants | 15 | €791 | - | -€791 | |
| Amounts payable | 17/49 | €210,890 | €277,795 | +€66,905 | +31.7% |
| Amounts payable after more than one year | 17 | €60,342 | €89,689 | +€29,347 | +48.6% |
| Financial debts | 170/4 | €60,342 | €89,689 | +€29,347 | +48.6% |
| Amounts payable within one year | 42/48 | €141,548 | €157,135 | +€15,587 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €23,419 | €38,415 | +€14,996 | +64.0% |
| Financial debts | 43 | - | €54,948 | +€54,948 | |
| Credit institutions | 430/8 | - | €54,948 | +€54,948 | |
| Trade debts | 44 | €92,139 | €43,080 | -€49,059 | -53.2% |
| Suppliers | 440/4 | €92,139 | €43,080 | -€49,059 | -53.2% |
| Taxes, remuneration and social security | 45 | €25,990 | €20,619 | -€5,371 | -20.7% |
| Taxes | 450/3 | €24,390 | €20,619 | -€3,771 | -15.5% |
| Remuneration and social security | 454/9 | €1,600 | - | -€1,600 | |
| Other amounts payable | 47/48 | - | €73 | +€73 | |
| Accrued charges and deferred income | 492/3 | €9,000 | €30,971 | +€21,971 | +244% |
| Turnover | 70 | €1,170,424 | €791,072 | -€379,352 | -32.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,078,895 | €748,116 | -€330,779 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,023 | €45,252 | +€8,229 | +22.2% |
| Other operating charges | 640/8 | €3,636 | €3,651 | +€15 | +0.4% |
| Gross operating margin | 9900 | €98,389 | €42,956 | -€55,433 | -56.3% |
| Operating profit (loss) | 9901 | €57,730 | -€5,947 | -€63,677 | |
| Financial income | 75/76B | €4,051 | €792 | -€3,259 | -80.4% |
| Recurring financial income | 75 | €4,051 | €792 | -€3,259 | -80.4% |
| Financial charges | 65/66B | €4,695 | €6,869 | +€2,174 | +46.3% |
| Recurring financial charges | 65 | €4,695 | €6,869 | +€2,174 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €57,086 | -€12,024 | -€69,110 | |
| Income taxes | 67/77 | €19,347 | €558 | -€18,789 | -97.1% |
| Profit (loss) for the period | 9904 | €37,739 | -€12,582 | -€50,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,739 | -€12,582 | -€50,321 |
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 30 October 2026 via checked.be.