TOP SEALANTS: what changed
TOP SEALANTS
Largest movements
- Receivables within one year +€49,361
up €49,361 (+55.5%), from €88,976 to €138,337
of which Other amounts receivable: +€52,892
- Cash +€1,441
new in 2025: €1,441
- Reserves +€39,839
up €39,839 (+64.3%), from €62,001 to €101,840
of which Distributable reserves: +€39,839
- Debts after one year +€6,088
new in 2025: €6,088
- Current portion of long-term debt +€5,099
new in 2025: €5,099
- Trade debts -€3,974
down €3,974 (-26.9%), from €14,753 to €10,780
- Tax, wage and social debts +€3,900
up €3,900 (+65.0%), from €6,000 to €9,900
- Gross operating margin +€7,313
up €7,313 (+28.1%), from €26,030 to €33,343
- Taxes +€3,861
up €3,861 (+58.7%), from €6,582 to €10,443
- Other operating charges -€2,946
down €2,946 (-68.8%), from €4,280 to €1,334
- Depreciation -€1,239
no longer reported in 2025 (was €1,239)
- Staff costs -€781
down €781 (-60.9%), from €1,284 to €502
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,052 | €140,138 | +€51,087 | +57.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €75 | €360 | +€285 | +377% |
| Tangible fixed assets | 22/27 | €75 | €0 | -€75 | -100% |
| Furniture and vehicles | 24 | €75 | €0 | -€75 | -100% |
| Financial fixed assets | 28 | - | €360 | +€360 | |
| Current assets | 29/58 | €88,976 | €139,778 | +€50,802 | +57.1% |
| Amounts receivable within one year | 40/41 | €88,976 | €138,337 | +€49,361 | +55.5% |
| Trade receivables | 40 | €4,076 | €545 | -€3,531 | -86.6% |
| Other amounts receivable | 41 | €84,900 | €137,792 | +€52,892 | +62.3% |
| Cash at bank and in hand | 54/58 | - | €1,441 | +€1,441 | |
| Total equity and liabilities | 10/49 | €89,052 | €140,138 | +€51,087 | +57.4% |
| Equity | 10/15 | €68,201 | €108,040 | +€39,839 | +58.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,001 | €101,840 | +€39,839 | +64.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,141 | €99,980 | +€39,839 | +66.2% |
| Amounts payable | 17/49 | €20,851 | €32,098 | +€11,248 | +53.9% |
| Amounts payable after more than one year | 17 | - | €6,088 | +€6,088 | |
| Financial debts | 170/4 | - | €6,088 | +€6,088 | |
| Amounts payable within one year | 42/48 | €20,851 | €26,010 | +€5,160 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,099 | +€5,099 | |
| Trade debts | 44 | €14,753 | €10,780 | -€3,974 | -26.9% |
| Suppliers | 440/4 | €14,753 | €10,780 | -€3,974 | -26.9% |
| Taxes, remuneration and social security | 45 | €6,000 | €9,900 | +€3,900 | +65.0% |
| Taxes | 450/3 | €6,000 | €9,900 | +€3,900 | +65.0% |
| Other amounts payable | 47/48 | €97 | €232 | +€134 | +138% |
| Remuneration, social security and pensions | 62 | €1,284 | €502 | -€781 | -60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,239 | - | -€1,239 | |
| Other operating charges | 640/8 | €4,280 | €1,334 | -€2,946 | -68.8% |
| Gross operating margin | 9900 | €26,030 | €33,343 | +€7,313 | +28.1% |
| Operating profit (loss) | 9901 | €19,227 | €31,507 | +€12,279 | +63.9% |
| Financial income | 75/76B | - | €152 | +€152 | |
| Recurring financial income | 75 | - | €152 | +€152 | |
| Financial charges | 65/66B | €1,549 | €1,361 | -€188 | -12.1% |
| Recurring financial charges | 65 | €1,549 | €1,361 | -€188 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €17,678 | €30,298 | +€12,619 | +71.4% |
| Income taxes | 67/77 | €6,582 | €10,443 | +€3,861 | +58.7% |
| Profit (loss) for the period | 9904 | €11,096 | €19,855 | +€8,759 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,096 | €19,855 | +€8,759 | +78.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.