Top Choice Technology: 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 Choice Technology
Largest movements
- Current investments +€150,000
up €150,000 (+50.0%), from €300,000 to €450,000
- Cash -€47,934
down €47,934 (-38.1%), from €125,955 to €78,021
mainly Contributions, distributions and other (-€235,294) and Current investments (-€150,000)
- Receivables within one year +€13,562
up €13,562 (+25.8%), from €52,639 to €66,201
of which Trade receivables: +€17,899
- Reserves -€235,294
down €235,294 (-50.9%), from €462,181 to €226,887
- Other debts +€200,000
up €200,000 (+70927.0%), from €282 to €200,282
- Profit (loss) carried forward +€156,811
new in 2025: €156,811
- Trade debts -€6,199
down €6,199 (-78.3%), from €7,920 to €1,721
- Gross operating margin -€125,025
down €125,025 (-37.8%), from €330,511 to €205,486
- Taxes -€30,906
down €30,906 (-37.9%), from €81,653 to €50,747
- Depreciation -€6,089
down €6,089 (-72.9%), from €8,353 to €2,264
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.
Cash bridge derived
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 | €489,653 | €604,301 | +€114,649 | +23.4% |
| Fixed assets | 21/28 | €4,725 | €8,223 | +€3,498 | +74.0% |
| Tangible fixed assets | 22/27 | €4,725 | €8,223 | +€3,498 | +74.0% |
| Plant, machinery and equipment | 23 | €2,479 | €2,194 | -€285 | -11.5% |
| Furniture and vehicles | 24 | €2,245 | €6,029 | +€3,783 | +168.5% |
| Current assets | 29/58 | €484,928 | €596,078 | +€111,150 | +22.9% |
| Amounts receivable within one year | 40/41 | €52,639 | €66,201 | +€13,562 | +25.8% |
| Trade receivables | 40 | €46,697 | €64,596 | +€17,899 | +38.3% |
| Other amounts receivable | 41 | €5,942 | €1,605 | -€4,337 | -73.0% |
| Current investments | 50/53 | €300,000 | €450,000 | +€150,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €125,955 | €78,021 | -€47,934 | -38.1% |
| Deferred charges and accrued income | 490/1 | €6,334 | €1,856 | -€4,478 | -70.7% |
| Total equity and liabilities | 10/49 | €489,653 | €604,301 | +€114,649 | +23.4% |
| Equity | 10/15 | €480,781 | €402,298 | -€78,483 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €462,181 | €226,887 | -€235,294 | -50.9% |
| Distributable reserves | 133 | €462,181 | €226,887 | -€235,294 | -50.9% |
| Profit (loss) carried forward | 14 | - | €156,811 | +€156,811 | |
| Amounts payable | 17/49 | €8,872 | €202,003 | +€193,131 | +2176.9% |
| Amounts payable within one year | 42/48 | €8,872 | €202,003 | +€193,131 | +2176.9% |
| Trade debts | 44 | €7,920 | €1,721 | -€6,199 | -78.3% |
| Suppliers | 440/4 | €7,920 | €1,721 | -€6,199 | -78.3% |
| Taxes, remuneration and social security | 45 | €669 | - | -€669 | |
| Taxes | 450/3 | €669 | - | -€669 | |
| Other amounts payable | 47/48 | €282 | €200,282 | +€200,000 | +70927.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,353 | €2,264 | -€6,089 | -72.9% |
| Other operating charges | 640/8 | €1,026 | €1,057 | +€31 | +3.0% |
| Gross operating margin | 9900 | €330,511 | €205,486 | -€125,025 | -37.8% |
| Operating profit (loss) | 9901 | €321,132 | €202,165 | -€118,967 | -37.0% |
| Financial income | 75/76B | €5,259 | €5,873 | +€613 | +11.7% |
| Recurring financial income | 75 | €5,259 | €5,873 | +€613 | +11.7% |
| Financial charges | 65/66B | €333 | €480 | +€147 | +44.0% |
| Recurring financial charges | 65 | €333 | €480 | +€147 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €326,058 | €207,558 | -€118,500 | -36.3% |
| Income taxes | 67/77 | €81,653 | €50,747 | -€30,906 | -37.9% |
| Profit (loss) for the period | 9904 | €244,405 | €156,811 | -€87,594 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €244,405 | €156,811 | -€87,594 | -35.8% |
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 12 October 2026 via checked.be.