TOP GEAR: 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 GEAR
Largest movements
- Tangible fixed assets +€45,569
up €45,569 (+628,542%), from €7 to €45,577
of which Furniture and vehicles: +€45,577
- Stocks and contracts -€38,800
down €38,800 (-33.7%), from €115,100 to €76,300
- Receivables within one year +€27,935
up €27,935 (+1,825%), from €1,531 to €29,465
of which Other amounts receivable: +€28,049
- Cash +€10,915
up €10,915 (+92.1%), from €11,853 to €22,768
mainly Stocks and contracts (+€38,800) and Debts after one year (+€34,963)
- Debts after one year +€34,963
up €34,963 (+78.2%), from €44,703 to €79,667
- Current portion of long-term debt +€22,470
up €22,470 (+108%), from €20,785 to €43,254
- Other debts -€8,000
no longer reported in 2025 (was €8,000)
- Profit (loss) carried forward -€2,690
down €2,690 (-9.8%), from €27,406 to €24,716
- Advances received -€2,650
no longer reported in 2025 (was €2,650)
- Gross operating margin +€17,788
up €17,788 (+219%), from €8,114 to €25,903
- Depreciation +€14,682
new in 2025: €14,682
- Other operating charges +€5,084
up €5,084 (+749%), from €678 to €5,763
- Taxes +€2,277
new in 2025: €2,277
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 | €129,134 | €174,753 | +€45,619 | +35.3% |
| Fixed assets | 21/28 | €7 | €45,577 | +€45,569 | +628,542% |
| Tangible fixed assets | 22/27 | €7 | €45,577 | +€45,569 | +628,542% |
| Plant, machinery and equipment | 23 | €7 | - | -€7 | |
| Furniture and vehicles | 24 | - | €45,577 | +€45,577 | |
| Current assets | 29/58 | €129,127 | €129,177 | +€50 | 0.0% |
| Stocks and contracts in progress | 3 | €115,100 | €76,300 | -€38,800 | -33.7% |
| Stocks | 30/36 | €115,100 | €76,300 | -€38,800 | -33.7% |
| Amounts receivable within one year | 40/41 | €1,531 | €29,465 | +€27,935 | +1,825% |
| Trade receivables | 40 | €1,531 | €1,416 | -€114 | -7.5% |
| Other amounts receivable | 41 | - | €28,049 | +€28,049 | |
| Cash at bank and in hand | 54/58 | €11,853 | €22,768 | +€10,915 | +92.1% |
| Deferred charges and accrued income | 490/1 | €643 | €643 | = | 0.0% |
| Total equity and liabilities | 10/49 | €129,134 | €174,753 | +€45,619 | +35.3% |
| Equity | 10/15 | €47,866 | €45,176 | -€2,690 | -5.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,406 | €24,716 | -€2,690 | -9.8% |
| Amounts payable | 17/49 | €81,268 | €129,577 | +€48,310 | +59.4% |
| Amounts payable after more than one year | 17 | €44,703 | €79,667 | +€34,963 | +78.2% |
| Financial debts | 170/4 | €44,703 | €79,667 | +€34,963 | +78.2% |
| Amounts payable within one year | 42/48 | €36,564 | €49,910 | +€13,346 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €20,785 | €43,254 | +€22,470 | +108% |
| Financial debts | 43 | €1 | €1 | = | 0.0% |
| Credit institutions | 430/8 | €1 | €1 | = | 0.0% |
| Trade debts | 44 | €1,842 | €3,309 | +€1,467 | +79.7% |
| Suppliers | 440/4 | €1,842 | €3,309 | +€1,467 | +79.7% |
| Advances received on contracts in progress | 46 | €2,650 | - | -€2,650 | |
| Taxes, remuneration and social security | 45 | €3,287 | €3,346 | +€59 | +1.8% |
| Taxes | 450/3 | €3,287 | €3,346 | +€59 | +1.8% |
| Other amounts payable | 47/48 | €8,000 | - | -€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,682 | +€14,682 | |
| Other operating charges | 640/8 | €678 | €5,763 | +€5,084 | +749% |
| Gross operating margin | 9900 | €8,114 | €25,903 | +€17,788 | +219% |
| Operating profit (loss) | 9901 | €7,436 | €5,457 | -€1,978 | -26.6% |
| Financial charges | 65/66B | €5,674 | €5,871 | +€198 | +3.5% |
| Recurring financial charges | 65 | €5,674 | €5,871 | +€198 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €1,762 | -€414 | -€2,176 | |
| Income taxes | 67/77 | - | €2,277 | +€2,277 | |
| Profit (loss) for the period | 9904 | €1,762 | -€2,690 | -€4,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,762 | -€2,690 | -€4,453 |
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 14 October 2026 via checked.be.