TOP-EXPERT: what changed
Two fiscal 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-EXPERT
Largest movements
- Receivables within one year -€12,123
down €12,123 (-74.9%), from €16,184 to €4,061
of which Trade receivables: -€13,764
- Cash -€7,610
down €7,610 (-29.3%), from €25,962 to €18,352
mainly Net result for the year (-€11,669) and Trade debts (-€3,258)
- Profit (loss) carried forward -€11,669
down €11,669, from €9,939 to -€1,730
- Trade debts -€3,258
down €3,258 (-81.2%), from €4,011 to €753
- Other debts -€2,935
down €2,935 (-60.1%), from €4,884 to €1,949
- Tax, wage and social debts -€2,097
down €2,097 (-35.5%), from €5,904 to €3,807
- Gross operating margin -€22,933
down €22,933, from €11,606 to -€11,328
- Taxes -€2,681
down €2,681, from €1,040 to -€1,641
- Other operating charges -€685
down €685 (-58.0%), from €1,180 to €496
- Depreciation -€387
down €387 (-21.2%), from €1,828 to €1,441
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 | €45,638 | €25,678 | -€19,960 | -43.7% |
| Fixed assets | 21/28 | €2,436 | €2,430 | -€6 | -0.2% |
| Tangible fixed assets | 22/27 | €2,436 | €2,430 | -€6 | -0.2% |
| Furniture and vehicles | 24 | €969 | €1,188 | +€219 | +22.6% |
| Other tangible fixed assets | 26 | €1,467 | €1,242 | -€225 | -15.3% |
| Current assets | 29/58 | €43,201 | €23,247 | -€19,954 | -46.2% |
| Amounts receivable within one year | 40/41 | €16,184 | €4,061 | -€12,123 | -74.9% |
| Trade receivables | 40 | €16,184 | €2,420 | -€13,764 | -85.0% |
| Other amounts receivable | 41 | - | €1,641 | +€1,641 | |
| Cash at bank and in hand | 54/58 | €25,962 | €18,352 | -€7,610 | -29.3% |
| Deferred charges and accrued income | 490/1 | €1,056 | €834 | -€222 | -21.0% |
| Total equity and liabilities | 10/49 | €45,638 | €25,678 | -€19,960 | -43.7% |
| Equity | 10/15 | €30,839 | €19,169 | -€11,669 | -37.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €16,900 | €16,900 | = | 0.0% |
| Distributable reserves | 133 | €16,900 | €16,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,939 | -€1,730 | -€11,669 | |
| Amounts payable | 17/49 | €14,799 | €6,508 | -€8,291 | -56.0% |
| Amounts payable within one year | 42/48 | €14,799 | €6,508 | -€8,291 | -56.0% |
| Trade debts | 44 | €4,011 | €753 | -€3,258 | -81.2% |
| Suppliers | 440/4 | €4,011 | €753 | -€3,258 | -81.2% |
| Taxes, remuneration and social security | 45 | €5,904 | €3,807 | -€2,097 | -35.5% |
| Taxes | 450/3 | €5,904 | €3,807 | -€2,097 | -35.5% |
| Other amounts payable | 47/48 | €4,884 | €1,949 | -€2,935 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,828 | €1,441 | -€387 | -21.2% |
| Other operating charges | 640/8 | €1,180 | €496 | -€685 | -58.0% |
| Gross operating margin | 9900 | €11,606 | -€11,328 | -€22,933 | |
| Operating profit (loss) | 9901 | €8,597 | -€13,264 | -€21,861 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.6% |
| Financial charges | 65/66B | €41 | €46 | +€5 | +12.2% |
| Recurring financial charges | 65 | €41 | €46 | +€5 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €8,557 | -€13,311 | -€21,867 | |
| Income taxes | 67/77 | €1,040 | -€1,641 | -€2,681 | |
| Profit (loss) for the period | 9904 | €7,516 | -€11,669 | -€19,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,516 | -€11,669 | -€19,186 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.