TOP DISCOUNT: what changed
TOP DISCOUNT
Largest movements
- Stocks and contracts +€95,352
up €95,352 (+57.7%), from €165,280 to €260,632
- Cash -€44,162
down €44,162 (-78.0%), from €56,644 to €12,482
mainly Stocks and contracts (-€95,352) and Trade debts (-€13,663)
- Tangible fixed assets -€16,295
down €16,295 (-44.6%), from €36,514 to €20,219
- Intangible fixed assets -€6,000
down €6,000 (-15.0%), from €40,000 to €34,000
- Profit (loss) carried forward +€27,133
up €27,133 (+12.1%), from €223,998 to €251,131
- Tax, wage and social debts +€18,216
up €18,216 (+62.3%), from €29,248 to €47,464
of which Taxes: +€18,216
- Trade debts -€13,663
down €13,663 (-16.3%), from €83,602 to €69,939
- Gross operating margin -€53,618
down €53,618 (-43.6%), from €122,957 to €69,339
- Other operating charges -€8,709
down €8,709 (-90.0%), from €9,673 to €963
- Taxes -€3,817
down €3,817 (-17.3%), from €22,033 to €18,216
- Depreciation +€3,737
up €3,737 (+20.1%), from €18,558 to €22,295
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 | €383,355 | €415,042 | +€31,687 | +8.3% |
| Fixed assets | 21/28 | €91,769 | €69,474 | -€22,295 | -24.3% |
| Intangible fixed assets | 21 | €40,000 | €34,000 | -€6,000 | -15.0% |
| Tangible fixed assets | 22/27 | €36,514 | €20,219 | -€16,295 | -44.6% |
| Furniture and vehicles | 24 | €36,514 | €20,219 | -€16,295 | -44.6% |
| Financial fixed assets | 28 | €15,255 | €15,255 | = | 0.0% |
| Current assets | 29/58 | €291,586 | €345,568 | +€53,982 | +18.5% |
| Stocks and contracts in progress | 3 | €165,280 | €260,632 | +€95,352 | +57.7% |
| Stocks | 30/36 | €165,280 | €260,632 | +€95,352 | +57.7% |
| Amounts receivable within one year | 40/41 | €67,813 | €69,788 | +€1,975 | +2.9% |
| Trade receivables | 40 | €54,891 | €63,314 | +€8,423 | +15.3% |
| Other amounts receivable | 41 | €12,922 | €6,474 | -€6,448 | -49.9% |
| Cash at bank and in hand | 54/58 | €56,644 | €12,482 | -€44,162 | -78.0% |
| Deferred charges and accrued income | 490/1 | €1,849 | €2,665 | +€816 | +44.2% |
| Total equity and liabilities | 10/49 | €383,355 | €415,042 | +€31,687 | +8.3% |
| Equity | 10/15 | €244,458 | €271,591 | +€27,133 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €223,998 | €251,131 | +€27,133 | +12.1% |
| Amounts payable | 17/49 | €138,897 | €143,450 | +€4,553 | +3.3% |
| Amounts payable within one year | 42/48 | €138,897 | €143,450 | +€4,553 | +3.3% |
| Trade debts | 44 | €83,602 | €69,939 | -€13,663 | -16.3% |
| Suppliers | 440/4 | €83,602 | €69,939 | -€13,663 | -16.3% |
| Taxes, remuneration and social security | 45 | €29,248 | €47,464 | +€18,216 | +62.3% |
| Taxes | 450/3 | €22,318 | €40,534 | +€18,216 | +81.6% |
| Remuneration and social security | 454/9 | €6,930 | €6,930 | = | 0.0% |
| Other amounts payable | 47/48 | €26,047 | €26,047 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,558 | €22,295 | +€3,737 | +20.1% |
| Other operating charges | 640/8 | €9,673 | €963 | -€8,709 | -90.0% |
| Gross operating margin | 9900 | €122,957 | €69,339 | -€53,618 | -43.6% |
| Operating profit (loss) | 9901 | €94,727 | €46,082 | -€48,646 | -51.4% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €310 | €770 | +€460 | +148% |
| Recurring financial charges | 65 | €310 | €770 | +€460 | +148% |
| Profit (loss) for the period before taxes | 9903 | €94,417 | €45,349 | -€49,067 | -52.0% |
| Income taxes | 67/77 | €22,033 | €18,216 | -€3,817 | -17.3% |
| Profit (loss) for the period | 9904 | €72,384 | €27,133 | -€45,250 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,384 | €27,133 | -€45,250 | -62.5% |
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 8 November 2026 via checked.be.