TOP ONE TRANS: 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 ONE TRANS
Largest movements
- Tangible fixed assets +€170,433
up €170,433 (+219%), from €77,881 to €248,313
of which Leasing and similar rights: +€163,190
- Deferred charges and accrued income -€30,039
down €30,039 (-77.3%), from €38,881 to €8,842
- Receivables within one year +€27,969
up €27,969 (+24.1%), from €116,111 to €144,079
of which Other amounts receivable: +€14,867
- Cash +€23,339
up €23,339 (+318%), from €7,332 to €30,671
mainly Debts after one year (+€124,204) and Depreciation (+€48,367)
- Debts after one year +€124,204
up €124,204 (+284%), from €43,778 to €167,982
- Other debts -€44,661
down €44,661 (-48.0%), from €93,048 to €48,387
- Current portion of long-term debt +€41,311
up €41,311 (+232%), from €17,802 to €59,114
- Trade debts +€33,224
up €33,224 (+58.9%), from €56,394 to €89,618
- Tax, wage and social debts +€19,169
up €19,169 (+13.1%), from €145,797 to €164,967
of which Remuneration and social security: +€32,516
- Gross operating margin +€84,857
up €84,857 (+29.0%), from €292,620 to €377,477
- Staff costs -€34,521
down €34,521 (-11.1%), from €312,234 to €277,713
- Other operating charges -€16,759
down €16,759 (-70.2%), from €23,878 to €7,119
- Depreciation +€12,332
up €12,332 (+34.2%), from €36,035 to €48,367
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 | €276,090 | €467,791 | +€191,701 | +69.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €113,766 | €284,198 | +€170,433 | +150% |
| Tangible fixed assets | 22/27 | €77,881 | €248,313 | +€170,433 | +219% |
| Plant, machinery and equipment | 23 | €0 | €3,525 | +€3,525 | |
| Furniture and vehicles | 24 | €6,072 | €9,789 | +€3,718 | +61.2% |
| Leasing and similar rights | 25 | €71,809 | €234,999 | +€163,190 | +227% |
| Financial fixed assets | 28 | €35,885 | €35,885 | = | 0.0% |
| Current assets | 29/58 | €162,324 | €183,592 | +€21,268 | +13.1% |
| Amounts receivable within one year | 40/41 | €116,111 | €144,079 | +€27,969 | +24.1% |
| Trade receivables | 40 | €114,966 | €128,068 | +€13,102 | +11.4% |
| Other amounts receivable | 41 | €1,145 | €16,012 | +€14,867 | +1,298% |
| Cash at bank and in hand | 54/58 | €7,332 | €30,671 | +€23,339 | +318% |
| Deferred charges and accrued income | 490/1 | €38,881 | €8,842 | -€30,039 | -77.3% |
| Total equity and liabilities | 10/49 | €276,090 | €467,791 | +€191,701 | +69.4% |
| Equity | 10/15 | -€80,730 | -€62,277 | +€18,453 | +22.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,930 | -€68,477 | +€18,453 | +21.2% |
| Amounts payable | 17/49 | €356,820 | €530,067 | +€173,248 | +48.6% |
| Amounts payable after more than one year | 17 | €43,778 | €167,982 | +€124,204 | +284% |
| Financial debts | 170/4 | €43,778 | €167,982 | +€124,204 | +284% |
| Amounts payable within one year | 42/48 | €313,042 | €362,086 | +€49,044 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €17,802 | €59,114 | +€41,311 | +232% |
| Trade debts | 44 | €56,394 | €89,618 | +€33,224 | +58.9% |
| Suppliers | 440/4 | €56,394 | €89,618 | +€33,224 | +58.9% |
| Taxes, remuneration and social security | 45 | €145,797 | €164,967 | +€19,169 | +13.1% |
| Taxes | 450/3 | €83,725 | €70,379 | -€13,346 | -15.9% |
| Remuneration and social security | 454/9 | €62,072 | €94,588 | +€32,516 | +52.4% |
| Other amounts payable | 47/48 | €93,048 | €48,387 | -€44,661 | -48.0% |
| Remuneration, social security and pensions | 62 | €312,234 | €277,713 | -€34,521 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,035 | €48,367 | +€12,332 | +34.2% |
| Other operating charges | 640/8 | €23,878 | €7,119 | -€16,759 | -70.2% |
| Gross operating margin | 9900 | €292,620 | €377,477 | +€84,857 | +29.0% |
| Operating profit (loss) | 9901 | -€79,527 | €44,278 | +€123,805 | |
| Financial income | 75/76B | €477 | €2,026 | +€1,549 | +324% |
| Recurring financial income | 75 | €477 | €2,026 | +€1,549 | +324% |
| Financial charges | 65/66B | €26,646 | €27,664 | +€1,018 | +3.8% |
| Recurring financial charges | 65 | €26,646 | €27,664 | +€1,018 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€105,695 | €18,640 | +€124,335 | |
| Income taxes | 67/77 | €194 | €187 | -€7 | -3.5% |
| Profit (loss) for the period | 9904 | -€105,889 | €18,453 | +€124,342 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,889 | €18,453 | +€124,342 |
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.