TOP FACTORY: 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 FACTORY
Largest movements
- Stocks and contracts +€120,930
up €120,930 (+44.0%), from €274,776 to €395,706
- Receivables within one year +€27,851
new in 2024: €27,851
- Cash +€5,618
up €5,618 (+92.0%), from €6,107 to €11,725
mainly Trade debts (+€152,352) and Tax, wage and social debts (+€10,320)
- Trade debts +€152,352
up €152,352 (+122%), from €124,505 to €276,857
- Tax, wage and social debts +€10,320
up €10,320 (+7.7%), from €133,826 to €144,146
of which Remuneration and social security: +€31,594
- Profit (loss) carried forward -€7,854
down €7,854, from €751 to -€7,102
- Gross operating margin -€16,770
down €16,770 (-31.2%), from €53,748 to €36,978
- Staff costs +€5,690
up €5,690 (+18.5%), from €30,742 to €36,432
- Other operating charges -€2,290
down €2,290 (-24.2%), from €9,457 to €7,166
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,933 | €437,751 | +€154,818 | +54.7% |
| Fixed assets | 21/28 | €1,660 | €1,689 | +€29 | +1.7% |
| Tangible fixed assets | 22/27 | €1,660 | €1,689 | +€29 | +1.7% |
| Furniture and vehicles | 24 | €1,660 | €1,689 | +€29 | +1.7% |
| Current assets | 29/58 | €281,273 | €436,063 | +€154,790 | +55.0% |
| Stocks and contracts in progress | 3 | €274,776 | €395,706 | +€120,930 | +44.0% |
| Stocks | 30/36 | €274,776 | €395,706 | +€120,930 | +44.0% |
| Amounts receivable within one year | 40/41 | - | €27,851 | +€27,851 | |
| Trade receivables | 40 | - | €27,851 | +€27,851 | |
| Cash at bank and in hand | 54/58 | €6,107 | €11,725 | +€5,618 | +92.0% |
| Deferred charges and accrued income | 490/1 | €390 | €780 | +€390 | +100% |
| Total equity and liabilities | 10/49 | €282,933 | €437,751 | +€154,818 | +54.7% |
| Equity | 10/15 | €19,751 | €11,898 | -€7,854 | -39.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €751 | -€7,102 | -€7,854 | |
| Amounts payable | 17/49 | €263,182 | €425,854 | +€162,672 | +61.8% |
| Amounts payable within one year | 42/48 | €263,182 | €425,854 | +€162,672 | +61.8% |
| Trade debts | 44 | €124,505 | €276,857 | +€152,352 | +122% |
| Suppliers | 440/4 | €124,505 | €276,857 | +€152,352 | +122% |
| Taxes, remuneration and social security | 45 | €133,826 | €144,146 | +€10,320 | +7.7% |
| Taxes | 450/3 | €35,759 | €14,485 | -€21,274 | -59.5% |
| Remuneration and social security | 454/9 | €98,067 | €129,661 | +€31,594 | +32.2% |
| Other amounts payable | 47/48 | €4,851 | €4,851 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €30,742 | €36,432 | +€5,690 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463 | €652 | +€189 | +40.8% |
| Other operating charges | 640/8 | €9,457 | €7,166 | -€2,290 | -24.2% |
| Gross operating margin | 9900 | €53,748 | €36,978 | -€16,770 | -31.2% |
| Operating profit (loss) | 9901 | €13,087 | -€7,272 | -€20,359 | |
| Financial charges | 65/66B | €531 | €581 | +€50 | +9.4% |
| Recurring financial charges | 65 | €531 | €581 | +€50 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €12,555 | -€7,854 | -€20,409 | |
| Profit (loss) for the period | 9904 | €12,555 | -€7,854 | -€20,409 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,555 | -€7,854 | -€20,409 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.