TOP LOGIC: 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 LOGIC
Largest movements
- Current investments +€30,228
up €30,228 (+49.9%), from €60,631 to €90,858
- Cash -€20,540
down €20,540 (-72.1%), from €28,492 to €7,952
mainly Current investments (-€30,228) and Contributions, distributions and other (-€23,000)
- Tangible fixed assets +€1,798
new in 2025: €1,798
- Receivables within one year -€1,127
down €1,127 (-25.5%), from €4,423 to €3,296
of which Trade receivables: -€1,127
- Other debts +€19,536
new in 2025: €19,536
- Profit (loss) carried forward -€14,082
down €14,082 (-97.9%), from €14,381 to €299
- Tax, wage and social debts +€7,905
up €7,905 (+182.9%), from €4,323 to €12,228
of which Taxes: +€5,379
- Trade debts -€2,905
down €2,905 (-32.0%), from €9,079 to €6,173
- Gross operating margin +€2,096
up €2,096 (+17.6%), from €11,914 to €14,010
- Financial charges +€583
up €583 (+74.1%), from €787 to €1,371
- Other operating charges +€346
up €346 (+50.5%), from €685 to €1,031
- Taxes +€185
up €185 (+7.0%), from €2,641 to €2,827
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 | €96,282 | €106,437 | +€10,155 | +10.5% |
| Fixed assets | 21/28 | €111 | €1,909 | +€1,798 | +1618.8% |
| Tangible fixed assets | 22/27 | - | €1,798 | +€1,798 | |
| Plant, machinery and equipment | 23 | - | €1,798 | +€1,798 | |
| Financial fixed assets | 28 | €111 | €111 | = | 0.0% |
| Current assets | 29/58 | €96,171 | €104,528 | +€8,357 | +8.7% |
| Stocks and contracts in progress | 3 | €2,626 | €2,422 | -€204 | -7.8% |
| Stocks | 30/36 | €2,626 | €2,422 | -€204 | -7.8% |
| Amounts receivable within one year | 40/41 | €4,423 | €3,296 | -€1,127 | -25.5% |
| Trade receivables | 40 | €4,423 | €3,296 | -€1,127 | -25.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €60,631 | €90,858 | +€30,228 | +49.9% |
| Cash at bank and in hand | 54/58 | €28,492 | €7,952 | -€20,540 | -72.1% |
| Total equity and liabilities | 10/49 | €96,282 | €106,437 | +€10,155 | +10.5% |
| Equity | 10/15 | €82,581 | €68,499 | -€14,082 | -17.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,381 | €299 | -€14,082 | -97.9% |
| Amounts payable | 17/49 | €13,702 | €37,938 | +€24,236 | +176.9% |
| Amounts payable within one year | 42/48 | €13,402 | €37,938 | +€24,536 | +183.1% |
| Trade debts | 44 | €9,079 | €6,173 | -€2,905 | -32.0% |
| Suppliers | 440/4 | €9,079 | €6,173 | -€2,905 | -32.0% |
| Taxes, remuneration and social security | 45 | €4,323 | €12,228 | +€7,905 | +182.9% |
| Taxes | 450/3 | €3,582 | €8,961 | +€5,379 | +150.2% |
| Remuneration and social security | 454/9 | €741 | €3,267 | +€2,526 | +340.9% |
| Other amounts payable | 47/48 | - | €19,536 | +€19,536 | |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €91 | +€91 | |
| Other operating charges | 640/8 | €685 | €1,031 | +€346 | +50.5% |
| Gross operating margin | 9900 | €11,914 | €14,010 | +€2,096 | +17.6% |
| Operating profit (loss) | 9901 | €11,230 | €12,888 | +€1,658 | +14.8% |
| Financial income | 75/76B | €203 | €228 | +€25 | +12.1% |
| Recurring financial income | 75 | €203 | €228 | +€25 | +12.1% |
| Financial charges | 65/66B | €787 | €1,371 | +€583 | +74.1% |
| Recurring financial charges | 65 | €787 | €1,371 | +€583 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €10,645 | €11,745 | +€1,100 | +10.3% |
| Income taxes | 67/77 | €2,641 | €2,827 | +€185 | +7.0% |
| Profit (loss) for the period | 9904 | €8,004 | €8,918 | +€914 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,004 | €8,918 | +€914 | +11.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.