TOP WORKS: what changed
TOP WORKS
Largest movements
- Cash +€61,387
up €61,387 (+63.2%), from €97,076 to €158,462
mainly Net result for the year (+€62,782) and Receivables within one year (+€40,839)
- Receivables within one year -€40,839
down €40,839 (-28.2%), from €145,047 to €104,209
of which Other amounts receivable: -€24,063
- Intangible fixed assets -€15,685
down €15,685 (-50.3%), from €31,182 to €15,497
- Tangible fixed assets +€8,324
up €8,324 (+6.5%), from €127,460 to €135,785
of which Furniture and vehicles: +€12,922
- Tax, wage and social debts -€72,375
down €72,375 (-68.9%), from €105,004 to €32,629
of which Remuneration and social security: -€56,484
- Profit (loss) carried forward +€62,782
up €62,782 (+60.9%), from €103,074 to €165,856
- Other debts +€31,741
up €31,741 (+54.2%), from €58,515 to €90,256
- Debts after one year -€29,883
down €29,883 (-35.2%), from €84,974 to €55,091
- Current portion of long-term debt +€14,941
up €14,941 (+2,067%), from €723 to €15,664
- Gross operating margin +€19,990
up €19,990 (+11.5%), from €173,735 to €193,726
- Staff costs +€11,464
up €11,464 (+21.1%), from €54,309 to €65,773
- Depreciation -€4,392
down €4,392 (-11.2%), from €39,110 to €34,718
- Taxes +€4,061
up €4,061 (+18.2%), from €22,292 to €26,353
Change in the result, 2024 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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,506 | €415,693 | +€13,187 | +3.3% |
| Fixed assets | 21/28 | €160,383 | €153,022 | -€7,361 | -4.6% |
| Intangible fixed assets | 21 | €31,182 | €15,497 | -€15,685 | -50.3% |
| Tangible fixed assets | 22/27 | €127,460 | €135,785 | +€8,324 | +6.5% |
| Land and buildings | 22 | €87,522 | €84,630 | -€2,892 | -3.3% |
| Plant, machinery and equipment | 23 | €1,705 | - | -€1,705 | |
| Furniture and vehicles | 24 | €38,233 | €51,155 | +€12,922 | +33.8% |
| Financial fixed assets | 28 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €242,123 | €262,671 | +€20,548 | +8.5% |
| Amounts receivable within one year | 40/41 | €145,047 | €104,209 | -€40,839 | -28.2% |
| Trade receivables | 40 | €111,653 | €94,878 | -€16,775 | -15.0% |
| Other amounts receivable | 41 | €33,394 | €9,331 | -€24,063 | -72.1% |
| Cash at bank and in hand | 54/58 | €97,076 | €158,462 | +€61,387 | +63.2% |
| Total equity and liabilities | 10/49 | €402,506 | €415,693 | +€13,187 | +3.3% |
| Equity | 10/15 | €109,074 | €171,856 | +€62,782 | +57.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,074 | €165,856 | +€62,782 | +60.9% |
| Amounts payable | 17/49 | €293,431 | €243,837 | -€49,595 | -16.9% |
| Amounts payable after more than one year | 17 | €84,974 | €55,091 | -€29,883 | -35.2% |
| Financial debts | 170/4 | €84,974 | €55,091 | -€29,883 | -35.2% |
| Amounts payable within one year | 42/48 | €207,971 | €188,260 | -€19,712 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €723 | €15,664 | +€14,941 | +2,067% |
| Trade debts | 44 | €43,730 | €49,710 | +€5,980 | +13.7% |
| Suppliers | 440/4 | €43,730 | €49,710 | +€5,980 | +13.7% |
| Taxes, remuneration and social security | 45 | €105,004 | €32,629 | -€72,375 | -68.9% |
| Taxes | 450/3 | €48,103 | €32,213 | -€15,891 | -33.0% |
| Remuneration and social security | 454/9 | €56,900 | €416 | -€56,484 | -99.3% |
| Other amounts payable | 47/48 | €58,515 | €90,256 | +€31,741 | +54.2% |
| Accrued charges and deferred income | 492/3 | €486 | €486 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €54,309 | €65,773 | +€11,464 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,110 | €34,718 | -€4,392 | -11.2% |
| Other operating charges | 640/8 | €2,145 | €1,868 | -€277 | -12.9% |
| Gross operating margin | 9900 | €173,735 | €193,726 | +€19,990 | +11.5% |
| Operating profit (loss) | 9901 | €78,171 | €91,366 | +€13,195 | +16.9% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €456 | €2,232 | +€1,776 | +390% |
| Recurring financial charges | 65 | €456 | €2,232 | +€1,776 | +390% |
| Profit (loss) for the period before taxes | 9903 | €77,722 | €89,134 | +€11,413 | +14.7% |
| Income taxes | 67/77 | €22,292 | €26,353 | +€4,061 | +18.2% |
| Profit (loss) for the period | 9904 | €55,430 | €62,782 | +€7,352 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,430 | €62,782 | +€7,352 | +13.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.