TOP FACTORY: 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 FACTORY
Largest movements
- Receivables within one year +€174,797
up €174,797 (+103.7%), from €168,484 to €343,281
- Tangible fixed assets +€46,090
up €46,090 (+700.9%), from €6,576 to €52,667
of which Furniture and vehicles: +€45,612
- Trade debts +€108,208
up €108,208 (+72.3%), from €149,749 to €257,957
- Advances received +€71,298
up €71,298 (+389.2%), from €18,317 to €89,615
- Profit (loss) carried forward +€46,016
up €46,016, from -€20,257 to €25,759
- Gross operating margin +€80,862
up €80,862 (+60.9%), from €132,843 to €213,704
- Staff costs -€22,950
down €22,950 (-14.1%), from €162,375 to €139,425
- Depreciation +€9,490
up €9,490 (+382.8%), from €2,479 to €11,969
- Other operating charges +€6,013
up €6,013 (+899.3%), from €669 to €6,681
- Taxes +€6,002
new in 2025: €6,002
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 | €188,115 | €412,856 | +€224,741 | +119.5% |
| Fixed assets | 21/28 | €6,576 | €55,667 | +€49,090 | +746.5% |
| Tangible fixed assets | 22/27 | €6,576 | €52,667 | +€46,090 | +700.9% |
| Plant, machinery and equipment | 23 | - | €479 | +€479 | |
| Furniture and vehicles | 24 | €6,576 | €52,188 | +€45,612 | +693.6% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €181,539 | €357,190 | +€175,651 | +96.8% |
| Amounts receivable within one year | 40/41 | €168,484 | €343,281 | +€174,797 | +103.7% |
| Trade receivables | 40 | €168,484 | €343,281 | +€174,797 | +103.7% |
| Cash at bank and in hand | 54/58 | €13,055 | €13,909 | +€854 | +6.5% |
| Total equity and liabilities | 10/49 | €188,115 | €412,856 | +€224,741 | +119.5% |
| Equity | 10/15 | -€15,257 | €30,759 | +€46,016 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,257 | €25,759 | +€46,016 | |
| Amounts payable | 17/49 | €203,372 | €382,097 | +€178,725 | +87.9% |
| Amounts payable within one year | 42/48 | €203,372 | €382,097 | +€178,725 | +87.9% |
| Trade debts | 44 | €149,749 | €257,957 | +€108,208 | +72.3% |
| Suppliers | 440/4 | €149,749 | €257,957 | +€108,208 | +72.3% |
| Advances received on contracts in progress | 46 | €18,317 | €89,615 | +€71,298 | +389.2% |
| Taxes, remuneration and social security | 45 | €31,444 | €31,919 | +€475 | +1.5% |
| Taxes | 450/3 | €10,306 | €19,883 | +€9,578 | +92.9% |
| Remuneration and social security | 454/9 | €21,139 | €12,036 | -€9,103 | -43.1% |
| Other amounts payable | 47/48 | €3,861 | €2,607 | -€1,255 | -32.5% |
| Remuneration, social security and pensions | 62 | €162,375 | €139,425 | -€22,950 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,479 | €11,969 | +€9,490 | +382.8% |
| Other operating charges | 640/8 | €669 | €6,681 | +€6,013 | +899.3% |
| Gross operating margin | 9900 | €132,843 | €213,704 | +€80,862 | +60.9% |
| Operating profit (loss) | 9901 | -€32,680 | €55,629 | +€88,310 | |
| Financial charges | 65/66B | €1,057 | €3,611 | +€2,554 | +241.8% |
| Recurring financial charges | 65 | €1,057 | €3,611 | +€2,554 | +241.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,737 | €52,018 | +€85,755 | |
| Income taxes | 67/77 | - | €6,002 | +€6,002 | |
| Profit (loss) for the period | 9904 | -€33,737 | €46,016 | +€79,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,737 | €46,016 | +€79,753 |
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 4 October 2026 via checked.be.