Top Global: 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 Global
Largest movements
- Receivables within one year +€149,306
up €149,306 (+13810.9%), from €1,081 to €150,388
of which Trade receivables: +€145,388
- Cash -€67,126
down €67,126 (-58.2%), from €115,363 to €48,238
mainly Receivables within one year (-€149,306) and Contributions, distributions and other (-€80,000)
- Tangible fixed assets +€25,418
up €25,418 (+70.4%), from €36,098 to €61,516
- Financial fixed assets +€21,400
up €21,400 (+63.9%), from €33,510 to €54,910
- Tax, wage and social debts +€74,885
up €74,885 (+130.0%), from €57,591 to €132,476
of which Taxes: +€63,281
- Trade debts +€43,434
up €43,434 (+381.9%), from €11,373 to €54,807
- Other debts +€5,836
up €5,836 (+5.8%), from €99,975 to €105,811
- Gross operating margin +€238,383
up €238,383 (+153.1%), from €155,673 to €394,056
- Staff costs +€126,194
up €126,194 (+84.6%), from €149,158 to €275,352
- Other operating charges +€26,064
up €26,064 (+2810.1%), from €928 to €26,991
- Depreciation +€7,674
up €7,674 (+323.7%), from €2,371 to €10,045
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 | €189,035 | €315,052 | +€126,017 | +66.7% |
| Fixed assets | 21/28 | €69,608 | €116,426 | +€46,818 | +67.3% |
| Tangible fixed assets | 22/27 | €36,098 | €61,516 | +€25,418 | +70.4% |
| Plant, machinery and equipment | 23 | €36,098 | €61,516 | +€25,418 | +70.4% |
| Financial fixed assets | 28 | €33,510 | €54,910 | +€21,400 | +63.9% |
| Current assets | 29/58 | €119,427 | €198,625 | +€79,199 | +66.3% |
| Amounts receivable within one year | 40/41 | €1,081 | €150,388 | +€149,306 | +13810.9% |
| Trade receivables | 40 | - | €145,388 | +€145,388 | |
| Other amounts receivable | 41 | €1,081 | €5,000 | +€3,919 | +362.5% |
| Cash at bank and in hand | 54/58 | €115,363 | €48,238 | -€67,126 | -58.2% |
| Deferred charges and accrued income | 490/1 | €2,982 | - | -€2,982 | |
| Total equity and liabilities | 10/49 | €189,035 | €315,052 | +€126,017 | +66.7% |
| Equity | 10/15 | €20,096 | €21,958 | +€1,861 | +9.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96 | €1,958 | +€1,861 | +1932.8% |
| Amounts payable | 17/49 | €168,939 | €293,094 | +€124,155 | +73.5% |
| Amounts payable within one year | 42/48 | €168,939 | €293,094 | +€124,155 | +73.5% |
| Trade debts | 44 | €11,373 | €54,807 | +€43,434 | +381.9% |
| Suppliers | 440/4 | €11,373 | €54,807 | +€43,434 | +381.9% |
| Taxes, remuneration and social security | 45 | €57,591 | €132,476 | +€74,885 | +130.0% |
| Taxes | 450/3 | €26,444 | €89,724 | +€63,281 | +239.3% |
| Remuneration and social security | 454/9 | €31,147 | €42,751 | +€11,604 | +37.3% |
| Other amounts payable | 47/48 | €99,975 | €105,811 | +€5,836 | +5.8% |
| Remuneration, social security and pensions | 62 | €149,158 | €275,352 | +€126,194 | +84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,371 | €10,045 | +€7,674 | +323.7% |
| Other operating charges | 640/8 | €928 | €26,991 | +€26,064 | +2810.1% |
| Gross operating margin | 9900 | €155,673 | €394,056 | +€238,383 | +153.1% |
| Operating profit (loss) | 9901 | €3,217 | €81,669 | +€78,451 | +2438.3% |
| Financial income | 75/76B | €614 | €21 | -€594 | -96.6% |
| Recurring financial income | 75 | €614 | €21 | -€594 | -96.6% |
| Financial charges | 65/66B | €278 | €361 | +€84 | +30.1% |
| Recurring financial charges | 65 | €278 | €361 | +€84 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €3,554 | €81,328 | +€77,774 | +2188.2% |
| Income taxes | 67/77 | €780 | -€533 | -€1,313 | |
| Profit (loss) for the period | 9904 | €2,774 | €81,861 | +€79,087 | +2850.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,774 | €81,861 | +€79,087 | +2850.7% |
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.