TOP SYSTEM: 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 SYSTEM
Largest movements
- Receivables within one year +€37,043
up €37,043 (+31.3%), from €118,227 to €155,270
of which Trade receivables: +€41,626
- Tangible fixed assets -€29,076
down €29,076 (-33.6%), from €86,476 to €57,400
of which Furniture and vehicles: -€25,483
- Cash -€13,646
down €13,646 (-37.4%), from €36,468 to €22,823
mainly Receivables within one year (-€37,043) and Contributions, distributions and other (-€25,000)
- Deferred charges and accrued income -€7,769
down €7,769 (-100%), from €7,769 to €0
- Receivables after one year +€5,000
new in 2025: €5,000
- Debts after one year -€17,076
down €17,076 (-42.4%), from €40,317 to €23,240
- Trade debts +€11,401
up €11,401 (+33.5%), from €34,079 to €45,480
- Other debts -€3,967
down €3,967 (-14.2%), from €28,000 to €24,033
- Gross operating margin -€20,667
down €20,667 (-9.5%), from €216,567 to €195,899
- Other operating charges +€14,606
up €14,606 (+101%), from €14,479 to €29,085
- Financial income +€11,587
up €11,587 (+90,103%), from €13 to €11,600
- Taxes -€7,889
down €7,889 (-63.4%), from €12,440 to €4,551
- Staff costs +€5,883
up €5,883 (+5.3%), from €111,432 to €117,315
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 | €284,595 | €274,194 | -€10,401 | -3.7% |
| Fixed assets | 21/28 | €120,203 | €91,102 | -€29,101 | -24.2% |
| Tangible fixed assets | 22/27 | €86,476 | €57,400 | -€29,076 | -33.6% |
| Plant, machinery and equipment | 23 | €8,327 | €4,734 | -€3,593 | -43.1% |
| Furniture and vehicles | 24 | €78,149 | €52,666 | -€25,483 | -32.6% |
| Financial fixed assets | 28 | €33,727 | €33,702 | -€25 | -0.1% |
| Current assets | 29/58 | €164,392 | €183,093 | +€18,701 | +11.4% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Stocks and contracts in progress | 3 | €1,928 | €0 | -€1,928 | -100% |
| Stocks | 30/36 | €1,928 | €0 | -€1,928 | -100% |
| Amounts receivable within one year | 40/41 | €118,227 | €155,270 | +€37,043 | +31.3% |
| Trade receivables | 40 | €108,195 | €149,821 | +€41,626 | +38.5% |
| Other amounts receivable | 41 | €10,032 | €5,449 | -€4,582 | -45.7% |
| Cash at bank and in hand | 54/58 | €36,468 | €22,823 | -€13,646 | -37.4% |
| Deferred charges and accrued income | 490/1 | €7,769 | €0 | -€7,769 | -100% |
| Total equity and liabilities | 10/49 | €284,595 | €274,194 | -€10,401 | -3.7% |
| Equity | 10/15 | €139,890 | €138,243 | -€1,648 | -1.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,890 | €6,243 | -€1,648 | -20.9% |
| Amounts payable | 17/49 | €144,705 | €135,952 | -€8,753 | -6.0% |
| Amounts payable after more than one year | 17 | €40,317 | €23,240 | -€17,076 | -42.4% |
| Financial debts | 170/4 | €40,317 | €23,240 | -€17,076 | -42.4% |
| Amounts payable within one year | 42/48 | €104,388 | €112,711 | +€8,323 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €17,424 | €17,076 | -€348 | -2.0% |
| Trade debts | 44 | €34,079 | €45,480 | +€11,401 | +33.5% |
| Suppliers | 440/4 | €34,079 | €45,480 | +€11,401 | +33.5% |
| Taxes, remuneration and social security | 45 | €24,885 | €26,122 | +€1,237 | +5.0% |
| Taxes | 450/3 | €17,218 | €6,640 | -€10,578 | -61.4% |
| Remuneration and social security | 454/9 | €7,667 | €19,482 | +€11,815 | +154% |
| Other amounts payable | 47/48 | €28,000 | €24,033 | -€3,967 | -14.2% |
| Non-recurring operating income | 76A | €3,961 | €0 | -€3,961 | -100% |
| Remuneration, social security and pensions | 62 | €111,432 | €117,315 | +€5,883 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,344 | €29,772 | -€1,572 | -5.0% |
| Other operating charges | 640/8 | €14,479 | €29,085 | +€14,606 | +101% |
| Gross operating margin | 9900 | €216,567 | €195,899 | -€20,667 | -9.5% |
| Operating profit (loss) | 9901 | €59,311 | €19,727 | -€39,584 | -66.7% |
| Financial income | 75/76B | €13 | €11,600 | +€11,587 | +90,103% |
| Recurring financial income | 75 | €13 | €11,600 | +€11,587 | +90,103% |
| Financial charges | 65/66B | €3,195 | €3,424 | +€229 | +7.2% |
| Recurring financial charges | 65 | €3,195 | €3,424 | +€229 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €56,129 | €27,903 | -€28,226 | -50.3% |
| Income taxes | 67/77 | €12,440 | €4,551 | -€7,889 | -63.4% |
| Profit (loss) for the period | 9904 | €43,689 | €23,352 | -€20,337 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,689 | €23,352 | -€20,337 | -46.5% |
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 24 October 2026 via checked.be.