TOP Consultants: what changed
TOP Consultants
Largest movements
- Tangible fixed assets +€305,611
up €305,611 (+924%), from €33,078 to €338,689
of which Assets under construction and advance payments: +€260,624
- Cash -€83,266
down €83,266 (-88.7%), from €93,879 to €10,612
mainly Investment in fixed assets (net) (-€321,106) and Other debts (-€34,889)
- Receivables within one year -€52,392
down €52,392 (-41.1%), from €127,428 to €75,036
of which Trade receivables: -€63,845
- Current investments -€15,421
down €15,421 (-99.2%), from €15,553 to €132
- Deferred charges and accrued income +€4,612
up €4,612 (+131%), from €3,534 to €8,146
- Debts after one year +€187,830
up €187,830 (+220%), from €85,299 to €273,129
- Other debts -€34,889
down €34,889 (-100%), from €34,889 to €0
- Current portion of long-term debt +€32,619
up €32,619 (+756%), from €4,312 to €36,931
- Profit (loss) carried forward -€25,334
down €25,334, from €0 to -€25,334
- Tax, wage and social debts -€7,828
down €7,828 (-53.8%), from €14,544 to €6,716
of which Taxes: -€8,094
- Gross operating margin -€52,004
down €52,004 (-65.8%), from €79,075 to €27,070
- Taxes -€10,102
down €10,102 (-95.9%), from €10,535 to €433
- Financial charges +€8,881
up €8,881 (+370%), from €2,400 to €11,281
- Staff costs +€7,619
up €7,619 (+41.9%), from €18,190 to €25,809
- Depreciation -€7,450
down €7,450 (-31.8%), from €23,446 to €15,996
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,972 | €432,615 | +€158,643 | +57.9% |
| Fixed assets | 21/28 | €33,578 | €338,689 | +€305,111 | +909% |
| Tangible fixed assets | 22/27 | €33,078 | €338,689 | +€305,611 | +924% |
| Plant, machinery and equipment | 23 | €16,014 | €14,643 | -€1,371 | -8.6% |
| Furniture and vehicles | 24 | €12,787 | €10,439 | -€2,348 | -18.4% |
| Leasing and similar rights | 25 | - | €40,394 | +€40,394 | |
| Other tangible fixed assets | 26 | €4,277 | €12,589 | +€8,312 | +194% |
| Assets under construction and advance payments | 27 | - | €260,624 | +€260,624 | |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €240,394 | €93,926 | -€146,468 | -60.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €127,428 | €75,036 | -€52,392 | -41.1% |
| Trade receivables | 40 | €101,352 | €37,508 | -€63,845 | -63.0% |
| Other amounts receivable | 41 | €26,076 | €37,529 | +€11,453 | +43.9% |
| Current investments | 50/53 | €15,553 | €132 | -€15,421 | -99.2% |
| Cash at bank and in hand | 54/58 | €93,879 | €10,612 | -€83,266 | -88.7% |
| Deferred charges and accrued income | 490/1 | €3,534 | €8,146 | +€4,612 | +131% |
| Total equity and liabilities | 10/49 | €273,972 | €432,615 | +€158,643 | +57.9% |
| Equity | 10/15 | €131,828 | €106,494 | -€25,334 | -19.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €130,828 | €130,828 | = | 0.0% |
| Distributable reserves | 133 | €130,828 | €130,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€25,334 | -€25,334 | |
| Amounts payable | 17/49 | €142,145 | €326,122 | +€183,977 | +129% |
| Amounts payable after more than one year | 17 | €85,299 | €273,129 | +€187,830 | +220% |
| Financial debts | 170/4 | €85,299 | €273,129 | +€187,830 | +220% |
| Amounts payable within one year | 42/48 | €56,845 | €52,992 | -€3,853 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €4,312 | €36,931 | +€32,619 | +756% |
| Financial debts | 43 | €3,015 | €2,205 | -€810 | -26.9% |
| Credit institutions | 430/8 | €3,015 | €2,205 | -€810 | -26.9% |
| Trade debts | 44 | €85 | €7,140 | +€7,055 | +8,327% |
| Suppliers | 440/4 | €85 | €7,140 | +€7,055 | +8,327% |
| Taxes, remuneration and social security | 45 | €14,544 | €6,716 | -€7,828 | -53.8% |
| Taxes | 450/3 | €12,151 | €4,058 | -€8,094 | -66.6% |
| Remuneration and social security | 454/9 | €2,393 | €2,659 | +€266 | +11.1% |
| Other amounts payable | 47/48 | €34,889 | €0 | -€34,889 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €14,299 | +€14,299 | |
| Remuneration, social security and pensions | 62 | €18,190 | €25,809 | +€7,619 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,446 | €15,996 | -€7,450 | -31.8% |
| Other operating charges | 640/8 | €569 | €682 | +€113 | +19.9% |
| Gross operating margin | 9900 | €79,075 | €27,070 | -€52,004 | -65.8% |
| Operating profit (loss) | 9901 | €36,870 | -€15,417 | -€52,287 | |
| Financial income | 75/76B | €2,725 | €1,796 | -€928 | -34.1% |
| Recurring financial income | 75 | €2,725 | €1,796 | -€928 | -34.1% |
| Financial charges | 65/66B | €2,400 | €11,281 | +€8,881 | +370% |
| Recurring financial charges | 65 | €2,400 | €11,281 | +€8,881 | +370% |
| Profit (loss) for the period before taxes | 9903 | €37,195 | -€24,901 | -€62,096 | |
| Income taxes | 67/77 | €10,535 | €433 | -€10,102 | -95.9% |
| Profit (loss) for the period | 9904 | €26,660 | -€25,334 | -€51,994 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,660 | -€25,334 | -€51,994 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.