TOP SYSTEMS: 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 SYSTEMS
Largest movements
- Stocks and contracts +€10,370
up €10,370 (+40.2%), from €25,772 to €36,142
- Receivables within one year -€6,087
down €6,087 (-23.4%), from €25,988 to €19,901
of which Other amounts receivable: -€5,872
- Tangible fixed assets +€3,907
up €3,907 (+70.9%), from €5,509 to €9,416
of which Furniture and vehicles: +€5,543
- Cash -€3,511
down €3,511 (-63.9%), from €5,491 to €1,980
mainly Investment in fixed assets (net) (-€12,528) and Stocks and contracts (-€10,370)
- Intangible fixed assets +€2,493
new in 2025: €2,493
- Profit (loss) carried forward +€4,449
up €4,449 (+21.3%), from €20,935 to €25,385
- Other debts +€3,102
up €3,102 (+17.7%), from €17,512 to €20,614
- Tax, wage and social debts -€2,448
down €2,448 (-39.5%), from €6,195 to €3,748
of which Taxes: -€2,622
- Trade debts +€1,817
up €1,817 (+170.7%), from €1,065 to €2,881
- Staff costs -€7,970
down €7,970 (-41.3%), from €19,288 to €11,318
- Depreciation +€4,185
up €4,185 (+215.4%), from €1,943 to €6,128
- Gross operating margin +€597
up €597 (+2.9%), from €20,548 to €21,145
- Taxes +€303
up €303 (+308.8%), from €98 to €401
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 | €65,532 | €72,453 | +€6,921 | +10.6% |
| Fixed assets | 21/28 | €5,509 | €11,909 | +€6,400 | +116.2% |
| Intangible fixed assets | 21 | - | €2,493 | +€2,493 | |
| Tangible fixed assets | 22/27 | €5,509 | €9,416 | +€3,907 | +70.9% |
| Furniture and vehicles | 24 | €1,425 | €6,968 | +€5,543 | +388.9% |
| Other tangible fixed assets | 26 | €4,083 | €2,447 | -€1,636 | -40.1% |
| Current assets | 29/58 | €60,024 | €60,544 | +€520 | +0.9% |
| Stocks and contracts in progress | 3 | €25,772 | €36,142 | +€10,370 | +40.2% |
| Stocks | 30/36 | €25,772 | €36,142 | +€10,370 | +40.2% |
| Amounts receivable within one year | 40/41 | €25,988 | €19,901 | -€6,087 | -23.4% |
| Trade receivables | 40 | €6,074 | €5,859 | -€216 | -3.5% |
| Other amounts receivable | 41 | €19,914 | €14,043 | -€5,872 | -29.5% |
| Cash at bank and in hand | 54/58 | €5,491 | €1,980 | -€3,511 | -63.9% |
| Deferred charges and accrued income | 490/1 | €2,773 | €2,521 | -€252 | -9.1% |
| Total equity and liabilities | 10/49 | €65,532 | €72,453 | +€6,921 | +10.6% |
| Equity | 10/15 | €40,760 | €45,210 | +€4,449 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,225 | €1,225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,225 | €1,225 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,225 | €1,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,935 | €25,385 | +€4,449 | +21.3% |
| Amounts payable | 17/49 | €24,772 | €27,243 | +€2,471 | +10.0% |
| Amounts payable within one year | 42/48 | €24,772 | €27,243 | +€2,471 | +10.0% |
| Trade debts | 44 | €1,065 | €2,881 | +€1,817 | +170.7% |
| Suppliers | 440/4 | €1,065 | €2,881 | +€1,817 | +170.7% |
| Taxes, remuneration and social security | 45 | €6,195 | €3,748 | -€2,448 | -39.5% |
| Taxes | 450/3 | €4,141 | €1,520 | -€2,622 | -63.3% |
| Remuneration and social security | 454/9 | €2,054 | €2,228 | +€174 | +8.5% |
| Other amounts payable | 47/48 | €17,512 | €20,614 | +€3,102 | +17.7% |
| Remuneration, social security and pensions | 62 | €19,288 | €11,318 | -€7,970 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,943 | €6,128 | +€4,185 | +215.4% |
| Other operating charges | 640/8 | €1,548 | €1,450 | -€98 | -6.3% |
| Gross operating margin | 9900 | €20,548 | €21,145 | +€597 | +2.9% |
| Operating profit (loss) | 9901 | -€2,231 | €2,250 | +€4,480 | |
| Financial income | 75/76B | €79 | €1 | -€78 | -98.8% |
| Recurring financial income | 75 | €79 | €1 | -€78 | -98.8% |
| Financial charges | 65/66B | €728 | €857 | +€129 | +17.7% |
| Recurring financial charges | 65 | €728 | €857 | +€129 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,881 | €1,393 | +€4,274 | |
| Income taxes | 67/77 | €98 | €401 | +€303 | +308.8% |
| Profit (loss) for the period | 9904 | -€2,979 | €992 | +€3,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,979 | €992 | +€3,971 |
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 8 October 2026 via checked.be.