Top Housing: 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 Housing
Largest movements
- Receivables within one year -€44,462
down €44,462 (-73.7%), from €60,321 to €15,860
of which Trade receivables: -€46,129
- Stocks and contracts +€10,254
up €10,254 (+8.4%), from €122,219 to €132,473
- Tangible fixed assets -€5,114
down €5,114 (-39.0%), from €13,114 to €8,000
- Profit (loss) carried forward -€37,464
down €37,464, from €6,914 to -€30,550
- Debts after one year +€22,993
up €22,993 (+167%), from €13,807 to €36,800
- Trade debts -€19,032
down €19,032 (-13.3%), from €143,113 to €124,081
- Tax, wage and social debts -€5,187
down €5,187 (-68.0%), from €7,632 to €2,445
- Gross operating margin -€34,159
down €34,159, from €10,618 to -€23,542
- Financial income -€2,879
no longer reported in 2025 (was €2,879)
- Taxes -€2,085
down €2,085 (-92.2%), from €2,261 to €176
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 | €198,394 | €157,357 | -€41,037 | -20.7% |
| Fixed assets | 21/28 | €13,114 | €8,000 | -€5,114 | -39.0% |
| Tangible fixed assets | 22/27 | €13,114 | €8,000 | -€5,114 | -39.0% |
| Furniture and vehicles | 24 | €13,114 | €8,000 | -€5,114 | -39.0% |
| Current assets | 29/58 | €185,279 | €149,357 | -€35,923 | -19.4% |
| Stocks and contracts in progress | 3 | €122,219 | €132,473 | +€10,254 | +8.4% |
| Contracts in progress | 37 | €122,219 | €132,473 | +€10,254 | +8.4% |
| Amounts receivable within one year | 40/41 | €60,321 | €15,860 | -€44,462 | -73.7% |
| Trade receivables | 40 | €49,157 | €3,028 | -€46,129 | -93.8% |
| Other amounts receivable | 41 | €11,164 | €12,831 | +€1,667 | +14.9% |
| Cash at bank and in hand | 54/58 | €1,673 | €82 | -€1,591 | -95.1% |
| Deferred charges and accrued income | 490/1 | €1,066 | €942 | -€124 | -11.6% |
| Total equity and liabilities | 10/49 | €198,394 | €157,357 | -€41,037 | -20.7% |
| Equity | 10/15 | €26,914 | -€10,550 | -€37,464 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,914 | -€30,550 | -€37,464 | |
| Amounts payable | 17/49 | €171,479 | €167,907 | -€3,573 | -2.1% |
| Amounts payable after more than one year | 17 | €13,807 | €36,800 | +€22,993 | +167% |
| Financial debts | 170/4 | €13,807 | €36,800 | +€22,993 | +167% |
| Amounts payable within one year | 42/48 | €157,673 | €131,107 | -€26,566 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €3,406 | €2,892 | -€514 | -15.1% |
| Trade debts | 44 | €143,113 | €124,081 | -€19,032 | -13.3% |
| Suppliers | 440/4 | €143,113 | €124,081 | -€19,032 | -13.3% |
| Taxes, remuneration and social security | 45 | €7,632 | €2,445 | -€5,187 | -68.0% |
| Taxes | 450/3 | €7,632 | €2,445 | -€5,187 | -68.0% |
| Other amounts payable | 47/48 | €3,523 | €1,689 | -€1,834 | -52.1% |
| Non-recurring operating income | 76A | - | €1,062 | +€1,062 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,196 | €5,114 | -€82 | -1.6% |
| Other operating charges | 640/8 | €2,055 | €1,860 | -€195 | -9.5% |
| Non-recurring operating charges | 66A | - | €2,955 | +€2,955 | |
| Gross operating margin | 9900 | €10,618 | -€23,542 | -€34,159 | |
| Operating profit (loss) | 9901 | €3,367 | -€33,471 | -€36,838 | |
| Financial income | 75/76B | €2,879 | - | -€2,879 | |
| Recurring financial income | 75 | €2,879 | - | -€2,879 | |
| Financial charges | 65/66B | €3,790 | €3,817 | +€27 | +0.7% |
| Recurring financial charges | 65 | €3,790 | €3,817 | +€27 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €2,457 | -€37,288 | -€39,745 | |
| Income taxes | 67/77 | €2,261 | €176 | -€2,085 | -92.2% |
| Profit (loss) for the period | 9904 | €195 | -€37,464 | -€37,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €195 | -€37,464 | -€37,660 |
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 25 October 2026 via checked.be.