TOP MARKETS: 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 MARKETS
Largest movements
- Receivables within one year -€42,194
down €42,194 (-78.7%), from €53,585 to €11,391
- Cash +€20,554
up €20,554 (+172%), from €11,933 to €32,486
mainly Receivables within one year (+€42,194) and Net result for the year (+€15,928)
- Tangible fixed assets -€9,159
down €9,159 (-15.8%), from €57,954 to €48,795
of which Furniture and vehicles: -€6,247
- Deferred charges and accrued income -€3,638
down €3,638 (-73.7%), from €4,933 to €1,295
- Trade debts -€33,274
down €33,274 (-98.6%), from €33,749 to €476
- Tax, wage and social debts -€14,078
down €14,078 (-58.0%), from €24,259 to €10,181
- Other debts +€13,679
up €13,679 (+195%), from €7,025 to €20,704
- Gross operating margin +€11,378
up €11,378 (+49.9%), from €22,793 to €34,171
- Depreciation +€4,447
up €4,447 (+94.4%), from €4,712 to €9,159
- Taxes -€841
down €841 (-9.6%), from €8,790 to €7,949
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 | €179,911 | €145,024 | -€34,887 | -19.4% |
| Fixed assets | 21/28 | €109,011 | €99,852 | -€9,159 | -8.4% |
| Tangible fixed assets | 22/27 | €57,954 | €48,795 | -€9,159 | -15.8% |
| Plant, machinery and equipment | 23 | €12,939 | €10,627 | -€2,312 | -17.9% |
| Furniture and vehicles | 24 | €29,982 | €23,735 | -€6,247 | -20.8% |
| Other tangible fixed assets | 26 | €15,032 | €14,432 | -€600 | -4.0% |
| Financial fixed assets | 28 | €51,057 | €51,057 | = | 0.0% |
| Current assets | 29/58 | €70,900 | €45,172 | -€25,728 | -36.3% |
| Stocks and contracts in progress | 3 | €450 | - | -€450 | |
| Stocks | 30/36 | €450 | - | -€450 | |
| Amounts receivable within one year | 40/41 | €53,585 | €11,391 | -€42,194 | -78.7% |
| Trade receivables | 40 | €53,585 | €11,391 | -€42,194 | -78.7% |
| Cash at bank and in hand | 54/58 | €11,933 | €32,486 | +€20,554 | +172% |
| Deferred charges and accrued income | 490/1 | €4,933 | €1,295 | -€3,638 | -73.7% |
| Total equity and liabilities | 10/49 | €179,911 | €145,024 | -€34,887 | -19.4% |
| Equity | 10/15 | €114,878 | €113,663 | -€1,215 | -1.1% |
| Contributions | 10/11 | €104,100 | €104,100 | = | 0.0% |
| Reserves | 13 | €2,238 | €2,238 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €379 | €379 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,539 | €7,324 | -€1,215 | -14.2% |
| Amounts payable | 17/49 | €65,034 | €31,361 | -€33,672 | -51.8% |
| Amounts payable within one year | 42/48 | €65,034 | €31,361 | -€33,672 | -51.8% |
| Trade debts | 44 | €33,749 | €476 | -€33,274 | -98.6% |
| Suppliers | 440/4 | €33,749 | €476 | -€33,274 | -98.6% |
| Taxes, remuneration and social security | 45 | €24,259 | €10,181 | -€14,078 | -58.0% |
| Taxes | 450/3 | €24,259 | €10,181 | -€14,078 | -58.0% |
| Other amounts payable | 47/48 | €7,025 | €20,704 | +€13,679 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,712 | €9,159 | +€4,447 | +94.4% |
| Other operating charges | 640/8 | €853 | €1,003 | +€150 | +17.6% |
| Gross operating margin | 9900 | €22,793 | €34,171 | +€11,378 | +49.9% |
| Operating profit (loss) | 9901 | €17,227 | €24,009 | +€6,781 | +39.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +37.5% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +37.5% |
| Financial charges | 65/66B | €419 | €132 | -€287 | -68.6% |
| Recurring financial charges | 65 | €60 | €79 | +€19 | +32.3% |
| Non-recurring financial charges | 66B | €359 | €52 | -€307 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €16,809 | €23,877 | +€7,069 | +42.1% |
| Income taxes | 67/77 | €8,790 | €7,949 | -€841 | -9.6% |
| Profit (loss) for the period | 9904 | €8,018 | €15,928 | +€7,909 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,018 | €15,928 | +€7,909 | +98.6% |
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 27 October 2026 via checked.be.