TOP GROW: 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 GROW
Largest movements
- Cash -€3,077
down €3,077 (-26.4%), from €11,647 to €8,570
mainly Net result for the year (-€25,787) and Stocks and contracts (-€938)
- Profit (loss) carried forward -€25,942
down €25,942 (-29.9%), from -€86,778 to -€112,720
- Trade debts +€20,058
up €20,058 (+13.3%), from €151,320 to €171,378
- Tax, wage and social debts +€1,538
up €1,538 (+827%), from €186 to €1,723
of which Remuneration and social security: +€1,538
- Staff costs +€2,533
up €2,533 (+8.2%), from €30,993 to €33,527
- Gross operating margin +€196
up €196 (+1.7%), from €11,377 to €11,574
- Financial income -€163
down €163 (-100%), from €163 to €0
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 | €121,911 | €117,564 | -€4,346 | -3.6% |
| Fixed assets | 21/28 | €13,873 | €12,683 | -€1,190 | -8.6% |
| Tangible fixed assets | 22/27 | €9,373 | €8,183 | -€1,190 | -12.7% |
| Land and buildings | 22 | €7,924 | €6,920 | -€1,005 | -12.7% |
| Plant, machinery and equipment | 23 | €1,449 | €1,263 | -€185 | -12.8% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €108,037 | €104,881 | -€3,157 | -2.9% |
| Stocks and contracts in progress | 3 | €92,429 | €93,367 | +€938 | +1.0% |
| Stocks | 30/36 | €92,429 | €93,367 | +€938 | +1.0% |
| Amounts receivable within one year | 40/41 | €3,433 | €2,589 | -€844 | -24.6% |
| Trade receivables | 40 | €1,891 | €1,969 | +€79 | +4.2% |
| Other amounts receivable | 41 | €1,543 | €620 | -€923 | -59.8% |
| Cash at bank and in hand | 54/58 | €11,647 | €8,570 | -€3,077 | -26.4% |
| Deferred charges and accrued income | 490/1 | €528 | €355 | -€173 | -32.8% |
| Total equity and liabilities | 10/49 | €121,911 | €117,564 | -€4,346 | -3.6% |
| Equity | 10/15 | -€73,238 | -€99,180 | -€25,942 | -35.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,140 | €1,140 | = | 0.0% |
| Distributable reserves | 133 | €1,140 | €1,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,778 | -€112,720 | -€25,942 | -29.9% |
| Amounts payable | 17/49 | €195,149 | €216,744 | +€21,595 | +11.1% |
| Amounts payable within one year | 42/48 | €195,149 | €216,744 | +€21,595 | +11.1% |
| Trade debts | 44 | €151,320 | €171,378 | +€20,058 | +13.3% |
| Suppliers | 440/4 | €151,320 | €171,378 | +€20,058 | +13.3% |
| Taxes, remuneration and social security | 45 | €186 | €1,723 | +€1,538 | +827% |
| Taxes | 450/3 | €58 | €58 | = | 0.0% |
| Remuneration and social security | 454/9 | €128 | €1,665 | +€1,538 | +1,202% |
| Other amounts payable | 47/48 | €43,643 | €43,643 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €30,993 | €33,527 | +€2,533 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,190 | €1,190 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,951 | €2,007 | +€55 | +2.8% |
| Gross operating margin | 9900 | €11,377 | €11,574 | +€196 | +1.7% |
| Operating profit (loss) | 9901 | -€22,757 | -€25,150 | -€2,392 | -10.5% |
| Financial income | 75/76B | €163 | €0 | -€163 | -100% |
| Recurring financial income | 75 | €163 | €0 | -€163 | -100% |
| Financial charges | 65/66B | €634 | €638 | +€4 | +0.6% |
| Recurring financial charges | 65 | €634 | €638 | +€4 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,228 | -€25,787 | -€2,560 | -11.0% |
| Profit (loss) for the period | 9904 | -€23,228 | -€25,787 | -€2,560 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,228 | -€25,787 | -€2,560 | -11.0% |
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 21 October 2026 via checked.be.