TOP CENTER: 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 CENTER
Largest movements
- Cash -€41,350
down €41,350 (-92.1%), from €44,901 to €3,551
mainly Current investments (-€40,555) and Receivables within one year (-€30,372)
- Current investments +€40,555
up €40,555 (+9.9%), from €408,964 to €449,519
- Receivables within one year +€30,372
up €30,372 (+1,234%), from €2,462 to €32,834
of which Other amounts receivable: +€18,801
- Profit (loss) carried forward +€20,210
up €20,210 (+14.8%), from €136,877 to €157,087
- Trade debts +€8,724
new in 2025: €8,724
- Gross operating margin +€53,744
up €53,744, from -€38,747 to €14,997
- Financial income -€19,982
down €19,982 (-70.0%), from €28,539 to €8,557
of which Non-recurring financial income: -€19,341
- Other operating charges -€1,569
down €1,569 (-97.8%), from €1,605 to €36
- Taxes -€1,297
down €1,297 (-35.3%), from €3,678 to €2,381
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 | €456,327 | €485,987 | +€29,660 | +6.5% |
| Current assets | 29/58 | €456,327 | €485,987 | +€29,660 | +6.5% |
| Amounts receivable within one year | 40/41 | €2,462 | €32,834 | +€30,372 | +1,234% |
| Trade receivables | 40 | €2,263 | €13,834 | +€11,571 | +511% |
| Other amounts receivable | 41 | €199 | €19,000 | +€18,801 | +9,448% |
| Current investments | 50/53 | €408,964 | €449,519 | +€40,555 | +9.9% |
| Cash at bank and in hand | 54/58 | €44,901 | €3,551 | -€41,350 | -92.1% |
| Deferred charges and accrued income | 490/1 | - | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €456,327 | €485,987 | +€29,660 | +6.5% |
| Equity | 10/15 | €452,814 | €473,024 | +€20,210 | +4.5% |
| Contributions | 10/11 | €110,526 | €110,526 | = | 0.0% |
| Capital | 10 | €110,526 | €110,526 | = | 0.0% |
| Issued capital | 100 | €110,526 | €110,526 | = | 0.0% |
| Reserves | 13 | €205,411 | €205,411 | = | 0.0% |
| Non-distributable reserves | 130/1 | €205,411 | €205,411 | = | 0.0% |
| Legal reserve | 130 | €11,053 | €11,053 | = | 0.0% |
| Other | 1319 | €194,358 | €194,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,877 | €157,087 | +€20,210 | +14.8% |
| Amounts payable | 17/49 | €3,513 | €12,963 | +€9,450 | +269% |
| Amounts payable within one year | 42/48 | €3,513 | €12,963 | +€9,450 | +269% |
| Trade debts | 44 | - | €8,724 | +€8,724 | |
| Suppliers | 440/4 | - | €8,724 | +€8,724 | |
| Taxes, remuneration and social security | 45 | €3,513 | €4,239 | +€726 | +20.7% |
| Taxes | 450/3 | €3,513 | €4,239 | +€726 | +20.7% |
| Other operating charges | 640/8 | €1,605 | €36 | -€1,569 | -97.8% |
| Gross operating margin | 9900 | -€38,747 | €14,997 | +€53,744 | |
| Operating profit (loss) | 9901 | -€40,352 | €14,961 | +€55,313 | |
| Financial income | 75/76B | €28,539 | €8,557 | -€19,982 | -70.0% |
| Recurring financial income | 75 | €9,198 | €8,557 | -€641 | -7.0% |
| Non-recurring financial income | 76B | €19,341 | - | -€19,341 | |
| Financial charges | 65/66B | €638 | €927 | +€289 | +45.3% |
| Recurring financial charges | 65 | €638 | €927 | +€289 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,451 | €22,591 | +€35,042 | |
| Income taxes | 67/77 | €3,678 | €2,381 | -€1,297 | -35.3% |
| Profit (loss) for the period | 9904 | -€16,129 | €20,210 | +€36,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,129 | €20,210 | +€36,339 |
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 16 October 2026 via checked.be.