TOP-ELEKTRO: 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-ELEKTRO
Largest movements
- Tangible fixed assets -€45,071
down €45,071 (-9.3%), from €482,240 to €437,169
of which Land and buildings: -€25,945
- Cash +€35,593
up €35,593 (+36.9%), from €96,482 to €132,075
mainly Depreciation (+€71,071) and Receivables within one year (+€33,736)
- Receivables within one year -€33,736
down €33,736 (-69.8%), from €48,325 to €14,589
of which Trade receivables: -€39,604
- Reserves -€42,727
down €42,727 (-7.3%), from €588,417 to €545,690
of which Distributable reserves: -€42,727
- Advances received +€11,108
new in 2025: €11,108
- Tax, wage and social debts -€10,002
down €10,002 (-63.7%), from €15,712 to €5,710
of which Taxes: -€6,542
- Gross operating margin -€44,084
down €44,084 (-34.3%), from €128,343 to €84,259
- Staff costs -€21,668
down €21,668 (-38.4%), from €56,394 to €34,725
- Depreciation +€10,244
up €10,244 (+16.8%), from €60,827 to €71,071
- Other operating charges +€1,690
up €1,690 (+19.0%), from €8,905 to €10,594
- Taxes -€1,319
down €1,319 (-74.2%), from €1,778 to €460
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 | €627,935 | €583,833 | -€44,103 | -7.0% |
| Fixed assets | 21/28 | €483,128 | €437,169 | -€45,959 | -9.5% |
| Tangible fixed assets | 22/27 | €482,240 | €437,169 | -€45,071 | -9.3% |
| Land and buildings | 22 | €371,793 | €345,848 | -€25,945 | -7.0% |
| Plant, machinery and equipment | 23 | €31,411 | €18,280 | -€13,131 | -41.8% |
| Furniture and vehicles | 24 | €79,036 | €73,041 | -€5,995 | -7.6% |
| Financial fixed assets | 28 | €888 | €0 | -€888 | -100% |
| Current assets | 29/58 | €144,807 | €146,664 | +€1,857 | +1.3% |
| Amounts receivable within one year | 40/41 | €48,325 | €14,589 | -€33,736 | -69.8% |
| Trade receivables | 40 | €46,673 | €7,069 | -€39,604 | -84.9% |
| Other amounts receivable | 41 | €1,653 | €7,520 | +€5,868 | +355% |
| Cash at bank and in hand | 54/58 | €96,482 | €132,075 | +€35,593 | +36.9% |
| Total equity and liabilities | 10/49 | €627,935 | €583,833 | -€44,103 | -7.0% |
| Equity | 10/15 | €607,009 | €564,282 | -€42,727 | -7.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €588,417 | €545,690 | -€42,727 | -7.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €586,558 | €543,831 | -€42,727 | -7.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,926 | €19,551 | -€1,375 | -6.6% |
| Amounts payable within one year | 42/48 | €20,926 | €19,551 | -€1,375 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,150 | €2,138 | -€3,011 | -58.5% |
| Suppliers | 440/4 | €5,150 | €2,138 | -€3,011 | -58.5% |
| Advances received on contracts in progress | 46 | - | €11,108 | +€11,108 | |
| Taxes, remuneration and social security | 45 | €15,712 | €5,710 | -€10,002 | -63.7% |
| Taxes | 450/3 | €10,053 | €3,512 | -€6,542 | -65.1% |
| Remuneration and social security | 454/9 | €5,659 | €2,198 | -€3,461 | -61.2% |
| Other amounts payable | 47/48 | €65 | €596 | +€531 | +820% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €56,394 | €34,725 | -€21,668 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,827 | €71,071 | +€10,244 | +16.8% |
| Other operating charges | 640/8 | €8,905 | €10,594 | +€1,690 | +19.0% |
| Gross operating margin | 9900 | €128,343 | €84,259 | -€44,084 | -34.3% |
| Operating profit (loss) | 9901 | €2,217 | -€32,132 | -€34,349 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -4.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -4.5% |
| Financial charges | 65/66B | €488 | €137 | -€352 | -72.0% |
| Recurring financial charges | 65 | €488 | €137 | -€352 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €1,729 | -€32,268 | -€33,997 | |
| Income taxes | 67/77 | €1,778 | €460 | -€1,319 | -74.2% |
| Profit (loss) for the period | 9904 | -€49 | -€32,727 | -€32,678 | -66,500% |
| Profit (loss) for the period to be appropriated | 9905 | -€49 | -€32,727 | -€32,678 | -66,500% |
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 18 October 2026 via checked.be.