TOP-TREND: 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-TREND
Largest movements
- Cash -€17,721
down €17,721 (-56.5%), from €31,374 to €13,654
mainly Receivables within one year (-€14,110) and Tax, wage and social debts (-€2,604)
- Receivables within one year +€14,110
up €14,110 (+9.7%), from €145,637 to €159,747
of which Trade receivables: +€14,683
- Tax, wage and social debts -€2,604
down €2,604 (-96.5%), from €2,699 to €96
- Gross operating margin -€9,255
down €9,255 (-48.5%), from €19,102 to €9,847
- Financial income -€3,710
down €3,710 (-4.6%), from €80,990 to €77,280
- Financial charges -€3,430
down €3,430 (-3.8%), from €89,737 to €86,306
- Taxes -€2,604
down €2,604 (-96.5%), from €2,699 to €96
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 | €177,012 | €173,401 | -€3,611 | -2.0% |
| Current assets | 29/58 | €177,012 | €173,401 | -€3,611 | -2.0% |
| Amounts receivable within one year | 40/41 | €145,637 | €159,747 | +€14,110 | +9.7% |
| Trade receivables | 40 | €143,389 | €158,072 | +€14,683 | +10.2% |
| Other amounts receivable | 41 | €2,249 | €1,676 | -€573 | -25.5% |
| Cash at bank and in hand | 54/58 | €31,374 | €13,654 | -€17,721 | -56.5% |
| Total equity and liabilities | 10/49 | €177,012 | €173,401 | -€3,611 | -2.0% |
| Equity | 10/15 | €143,485 | €143,748 | +€263 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,285 | €137,548 | +€263 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €137,285 | €137,548 | +€263 | +0.2% |
| Amounts payable | 17/49 | €33,527 | €29,653 | -€3,874 | -11.6% |
| Amounts payable within one year | 42/48 | €33,527 | €29,653 | -€3,874 | -11.6% |
| Trade debts | 44 | €30,827 | €29,557 | -€1,270 | -4.1% |
| Suppliers | 440/4 | €30,827 | €29,557 | -€1,270 | -4.1% |
| Taxes, remuneration and social security | 45 | €2,699 | €96 | -€2,604 | -96.5% |
| Taxes | 450/3 | €2,699 | €96 | -€2,604 | -96.5% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €19,102 | €9,847 | -€9,255 | -48.5% |
| Operating profit (loss) | 9901 | €18,652 | €9,385 | -€9,268 | -49.7% |
| Financial income | 75/76B | €80,990 | €77,280 | -€3,710 | -4.6% |
| Recurring financial income | 75 | €80,990 | €77,280 | -€3,710 | -4.6% |
| Financial charges | 65/66B | €89,737 | €86,306 | -€3,430 | -3.8% |
| Recurring financial charges | 65 | €89,737 | €86,306 | -€3,430 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €9,906 | €359 | -€9,547 | -96.4% |
| Income taxes | 67/77 | €2,699 | €96 | -€2,604 | -96.5% |
| Profit (loss) for the period | 9904 | €7,206 | €263 | -€6,944 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,206 | €263 | -€6,944 | -96.4% |
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 12 October 2026 via checked.be.