TOP Properties: 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 Properties
Largest movements
- Tangible fixed assets -€11,649
down €11,649 (-3.2%), from €368,621 to €356,971
of which Land and buildings: -€9,728
- Debts after one year -€21,467
down €21,467 (-10.9%), from €197,797 to €176,330
- Other debts +€18,850
up €18,850 (+42.2%), from €44,640 to €63,490
- Profit (loss) carried forward -€9,515
down €9,515 (-11.1%), from -€85,836 to -€95,352
- Gross operating margin -€6,261
down €6,261 (-37.7%), from €16,624 to €10,363
- Financial charges -€3,040
no longer reported in 2025 (was €3,040)
- Taxes +€2,785
new in 2025: €2,785
- Other operating charges -€1,928
down €1,928 (-26.2%), from €7,372 to €5,444
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 | €375,057 | €361,731 | -€13,327 | -3.6% |
| Fixed assets | 21/28 | €368,959 | €357,309 | -€11,649 | -3.2% |
| Tangible fixed assets | 22/27 | €368,621 | €356,971 | -€11,649 | -3.2% |
| Land and buildings | 22 | €353,980 | €344,252 | -€9,728 | -2.7% |
| Plant, machinery and equipment | 23 | €1,805 | €925 | -€880 | -48.8% |
| Furniture and vehicles | 24 | €12,480 | €11,530 | -€950 | -7.6% |
| Other tangible fixed assets | 26 | €355 | €264 | -€91 | -25.5% |
| Financial fixed assets | 28 | €338 | €338 | = | 0.0% |
| Current assets | 29/58 | €6,099 | €4,422 | -€1,677 | -27.5% |
| Amounts receivable within one year | 40/41 | €4,859 | €2,928 | -€1,931 | -39.7% |
| Other amounts receivable | 41 | €4,859 | €2,928 | -€1,931 | -39.7% |
| Cash at bank and in hand | 54/58 | €576 | €1,493 | +€917 | +159.2% |
| Deferred charges and accrued income | 490/1 | €663 | - | -€663 | |
| Total equity and liabilities | 10/49 | €375,057 | €361,731 | -€13,327 | -3.6% |
| Equity | 10/15 | €109,164 | €99,648 | -€9,515 | -8.7% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,836 | -€95,352 | -€9,515 | -11.1% |
| Amounts payable | 17/49 | €265,894 | €262,083 | -€3,811 | -1.4% |
| Amounts payable after more than one year | 17 | €197,797 | €176,330 | -€21,467 | -10.9% |
| Financial debts | 170/4 | €197,797 | €176,330 | -€21,467 | -10.9% |
| Amounts payable within one year | 42/48 | €68,097 | €85,752 | +€17,656 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €21,186 | €21,467 | +€281 | +1.3% |
| Trade debts | 44 | €2,153 | €677 | -€1,476 | -68.5% |
| Suppliers | 440/4 | €2,153 | €677 | -€1,476 | -68.5% |
| Taxes, remuneration and social security | 45 | €118 | €118 | = | 0.0% |
| Taxes | 450/3 | €118 | €118 | = | 0.0% |
| Other amounts payable | 47/48 | €44,640 | €63,490 | +€18,850 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,649 | €11,649 | = | 0.0% |
| Other operating charges | 640/8 | €7,372 | €5,444 | -€1,928 | -26.2% |
| Gross operating margin | 9900 | €16,624 | €10,363 | -€6,261 | -37.7% |
| Operating profit (loss) | 9901 | -€2,397 | -€6,731 | -€4,333 | -180.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,040 | - | -€3,040 | |
| Recurring financial charges | 65 | €3,040 | - | -€3,040 | |
| Profit (loss) for the period before taxes | 9903 | -€5,438 | -€6,731 | -€1,293 | -23.8% |
| Income taxes | 67/77 | - | €2,785 | +€2,785 | |
| Profit (loss) for the period | 9904 | -€5,438 | -€9,515 | -€4,078 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,438 | -€9,515 | -€4,078 | -75.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.