TOP ROAD: 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 ROAD
Largest movements
- Receivables within one year +€35,104
up €35,104 (+21.8%), from €160,910 to €196,014
of which Other amounts receivable: +€32,199
- Tangible fixed assets -€5,890
down €5,890 (-33.3%), from €17,670 to €11,780
- Profit (loss) carried forward +€18,816
up €18,816 (+14.8%), from €127,335 to €146,151
- Trade debts +€15,277
up €15,277 (+79.1%), from €19,322 to €34,599
- Debts after one year -€5,470
down €5,470 (-35.6%), from €15,360 to €9,890
- Turnover +€17,261
up €17,261 (+18.8%), from €91,820 to €109,081
- Gross operating margin -€15,940
down €15,940 (-22.0%), from €72,454 to €56,514
- Taxes +€9,822
new in 2025: €9,822
- Purchases and services +€7,378
up €7,378 (+15.4%), from €47,800 to €55,178
- Staff costs -€6,137
down €6,137 (-25.1%), from €24,407 to €18,270
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 | €186,869 | €216,922 | +€30,053 | +16.1% |
| Fixed assets | 21/28 | €17,744 | €11,854 | -€5,890 | -33.2% |
| Tangible fixed assets | 22/27 | €17,670 | €11,780 | -€5,890 | -33.3% |
| Furniture and vehicles | 24 | €17,670 | €11,780 | -€5,890 | -33.3% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €169,125 | €205,068 | +€35,943 | +21.3% |
| Stocks and contracts in progress | 3 | €7,175 | €7,175 | = | 0.0% |
| Stocks | 30/36 | €7,175 | €7,175 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €160,910 | €196,014 | +€35,104 | +21.8% |
| Trade receivables | 40 | €398 | €3,303 | +€2,905 | +729.9% |
| Other amounts receivable | 41 | €160,512 | €192,711 | +€32,199 | +20.1% |
| Cash at bank and in hand | 54/58 | €743 | €1,582 | +€839 | +112.9% |
| Deferred charges and accrued income | 490/1 | €297 | €297 | = | 0.0% |
| Total equity and liabilities | 10/49 | €186,869 | €216,922 | +€30,053 | +16.1% |
| Equity | 10/15 | €145,935 | €164,751 | +€18,816 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,335 | €146,151 | +€18,816 | +14.8% |
| Amounts payable | 17/49 | €40,934 | €52,171 | +€11,237 | +27.5% |
| Amounts payable after more than one year | 17 | €15,360 | €9,890 | -€5,470 | -35.6% |
| Financial debts | 170/4 | €15,360 | €9,890 | -€5,470 | -35.6% |
| Amounts payable within one year | 42/48 | €25,574 | €42,281 | +€16,707 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €5,509 | €5,509 | = | 0.0% |
| Trade debts | 44 | €19,322 | €34,599 | +€15,277 | +79.1% |
| Suppliers | 440/4 | €19,322 | €34,599 | +€15,277 | +79.1% |
| Taxes, remuneration and social security | 45 | €743 | €2,173 | +€1,430 | +192.5% |
| Taxes | 450/3 | €743 | €2,173 | +€1,430 | +192.5% |
| Turnover | 70 | €91,820 | €109,081 | +€17,261 | +18.8% |
| Non-recurring operating income | 76A | €28,434 | €2,611 | -€25,823 | -90.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €47,800 | €55,178 | +€7,378 | +15.4% |
| Remuneration, social security and pensions | 62 | €24,407 | €18,270 | -€6,137 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,540 | €5,890 | -€1,650 | -21.9% |
| Other operating charges | 640/8 | €2,628 | €2,611 | -€17 | -0.6% |
| Gross operating margin | 9900 | €72,454 | €56,514 | -€15,940 | -22.0% |
| Operating profit (loss) | 9901 | €37,879 | €29,743 | -€8,136 | -21.5% |
| Financial charges | 65/66B | €1,836 | €1,105 | -€731 | -39.8% |
| Recurring financial charges | 65 | €1,836 | €1,105 | -€731 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €36,043 | €28,638 | -€7,405 | -20.5% |
| Income taxes | 67/77 | - | €9,822 | +€9,822 | |
| Profit (loss) for the period | 9904 | €36,043 | €18,816 | -€17,227 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,043 | €18,816 | -€17,227 | -47.8% |
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 10 October 2026 via checked.be.