TOPAINT: 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.
TOPAINT
Largest movements
- Stocks and contracts -€9,787
down €9,787 (-8.7%), from €112,769 to €102,982
- Tangible fixed assets -€4,321
down €4,321 (-18.5%), from €23,389 to €19,067
of which Other tangible fixed assets: -€3,559
- Trade debts -€20,091
down €20,091 (-15.0%), from €133,566 to €113,475
- Tax, wage and social debts +€3,995
up €3,995 (+61.6%), from €6,488 to €10,483
of which Remuneration and social security: +€2,975
- Other debts -€3,614
down €3,614 (-13.0%), from €27,705 to €24,091
- Profit (loss) carried forward +€3,203
up €3,203 (+36.8%), from -€8,708 to -€5,504
- Staff costs -€18,308
down €18,308 (-70.4%), from €26,021 to €7,714
- Gross operating margin +€12,571
up €12,571 (+104.6%), from €12,020 to €24,591
- Write-downs +€2,362
new in 2025: €2,362
- Other operating charges -€1,978
down €1,978 (-50.9%), from €3,887 to €1,909
- Depreciation +€1,030
up €1,030 (+13.7%), from €7,543 to €8,574
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,162 | €154,159 | -€15,002 | -8.9% |
| Fixed assets | 21/28 | €23,389 | €19,067 | -€4,321 | -18.5% |
| Tangible fixed assets | 22/27 | €23,389 | €19,067 | -€4,321 | -18.5% |
| Furniture and vehicles | 24 | €1,377 | €616 | -€762 | -55.3% |
| Other tangible fixed assets | 26 | €22,011 | €18,452 | -€3,559 | -16.2% |
| Current assets | 29/58 | €145,773 | €135,092 | -€10,681 | -7.3% |
| Stocks and contracts in progress | 3 | €112,769 | €102,982 | -€9,787 | -8.7% |
| Stocks | 30/36 | €112,769 | €102,982 | -€9,787 | -8.7% |
| Amounts receivable within one year | 40/41 | €32,305 | €30,730 | -€1,575 | -4.9% |
| Trade receivables | 40 | €30,767 | €30,730 | -€37 | -0.1% |
| Other amounts receivable | 41 | €1,539 | - | -€1,539 | |
| Deferred charges and accrued income | 490/1 | €699 | €1,380 | +€681 | +97.5% |
| Total equity and liabilities | 10/49 | €169,162 | €154,159 | -€15,002 | -8.9% |
| Equity | 10/15 | €1,292 | €4,496 | +€3,203 | +247.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,708 | -€5,504 | +€3,203 | +36.8% |
| Amounts payable | 17/49 | €167,869 | €149,663 | -€18,206 | -10.8% |
| Amounts payable within one year | 42/48 | €167,869 | €149,663 | -€18,206 | -10.8% |
| Financial debts | 43 | €110 | €1,614 | +€1,504 | +1367.1% |
| Credit institutions | 430/8 | €110 | €1,614 | +€1,504 | +1367.1% |
| Trade debts | 44 | €133,566 | €113,475 | -€20,091 | -15.0% |
| Suppliers | 440/4 | €133,566 | €113,475 | -€20,091 | -15.0% |
| Taxes, remuneration and social security | 45 | €6,488 | €10,483 | +€3,995 | +61.6% |
| Taxes | 450/3 | €5,663 | €6,683 | +€1,020 | +18.0% |
| Remuneration and social security | 454/9 | €825 | €3,800 | +€2,975 | +360.7% |
| Other amounts payable | 47/48 | €27,705 | €24,091 | -€3,614 | -13.0% |
| Remuneration, social security and pensions | 62 | €26,021 | €7,714 | -€18,308 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,543 | €8,574 | +€1,030 | +13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,362 | +€2,362 | |
| Other operating charges | 640/8 | €3,887 | €1,909 | -€1,978 | -50.9% |
| Gross operating margin | 9900 | €12,020 | €24,591 | +€12,571 | +104.6% |
| Operating profit (loss) | 9901 | -€25,431 | €4,033 | +€29,464 | |
| Financial income | 75/76B | €870 | €966 | +€96 | +11.0% |
| Recurring financial income | 75 | €870 | €966 | +€96 | +11.0% |
| Financial charges | 65/66B | €1,402 | €1,149 | -€253 | -18.1% |
| Recurring financial charges | 65 | €1,402 | €1,149 | -€253 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,963 | €3,850 | +€29,813 | |
| Income taxes | 67/77 | €591 | €647 | +€55 | +9.4% |
| Profit (loss) for the period | 9904 | -€26,554 | €3,203 | +€29,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,554 | €3,203 | +€29,758 |
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.