TOPAL CONSULT: 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.
TOPAL CONSULT
Largest movements
- Cash -€188,532
down €188,532 (-100.0%), from €188,605 to €74
mainly Trade debts (-€160,868) and Net result for the year (-€52,316)
- Receivables within one year +€39,024
up €39,024 (+18.6%), from €209,953 to €248,976
of which Trade receivables: +€25,402
- Intangible fixed assets +€24,147
new in 2025: €24,147
- Deferred charges and accrued income -€15,732
no longer reported in 2025 (was €15,732)
- Trade debts -€160,868
down €160,868 (-54.9%), from €293,100 to €132,232
- Tax, wage and social debts +€78,179
up €78,179 (+189%), from €41,472 to €119,651
of which Remuneration and social security: +€56,460
- Profit (loss) carried forward -€52,316
down €52,316 (-69.5%), from €75,293 to €22,977
- Debts after one year -€5,490
down €5,490 (-38.4%), from €14,301 to €8,811
- Staff costs +€72,413
up €72,413 (+37.6%), from €192,416 to €264,829
- Gross operating margin -€30,109
down €30,109 (-11.5%), from €262,709 to €232,600
- Taxes -€11,608
down €11,608 (-67.3%), from €17,254 to €5,646
- Depreciation +€10,495
up €10,495 (+268%), from €3,922 to €14,417
- Financial income +€4,361
up €4,361 (+2,359%), from €185 to €4,546
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 | €432,368 | €293,334 | -€139,034 | -32.2% |
| Fixed assets | 21/28 | €18,078 | €44,284 | +€26,206 | +145% |
| Intangible fixed assets | 21 | - | €24,147 | +€24,147 | |
| Tangible fixed assets | 22/27 | €18,078 | €20,137 | +€2,059 | +11.4% |
| Furniture and vehicles | 24 | €18,078 | €20,137 | +€2,059 | +11.4% |
| Current assets | 29/58 | €414,290 | €249,050 | -€165,240 | -39.9% |
| Amounts receivable within one year | 40/41 | €209,953 | €248,976 | +€39,024 | +18.6% |
| Trade receivables | 40 | €128,279 | €153,681 | +€25,402 | +19.8% |
| Other amounts receivable | 41 | €81,673 | €95,296 | +€13,622 | +16.7% |
| Cash at bank and in hand | 54/58 | €188,605 | €74 | -€188,532 | -100.0% |
| Deferred charges and accrued income | 490/1 | €15,732 | - | -€15,732 | |
| Total equity and liabilities | 10/49 | €432,368 | €293,334 | -€139,034 | -32.2% |
| Equity | 10/15 | €78,293 | €25,977 | -€52,316 | -66.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,293 | €22,977 | -€52,316 | -69.5% |
| Amounts payable | 17/49 | €354,075 | €267,357 | -€86,717 | -24.5% |
| Amounts payable after more than one year | 17 | €14,301 | €8,811 | -€5,490 | -38.4% |
| Financial debts | 170/4 | €14,301 | €8,811 | -€5,490 | -38.4% |
| Amounts payable within one year | 42/48 | €339,773 | €258,546 | -€81,227 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €5,202 | €5,490 | +€289 | +5.5% |
| Financial debts | 43 | - | €931 | +€931 | |
| Credit institutions | 430/8 | - | €931 | +€931 | |
| Trade debts | 44 | €293,100 | €132,232 | -€160,868 | -54.9% |
| Suppliers | 440/4 | €293,100 | €132,232 | -€160,868 | -54.9% |
| Advances received on contracts in progress | 46 | - | €242 | +€242 | |
| Taxes, remuneration and social security | 45 | €41,472 | €119,651 | +€78,179 | +189% |
| Taxes | 450/3 | €17,905 | €39,623 | +€21,718 | +121% |
| Remuneration and social security | 454/9 | €23,568 | €80,028 | +€56,460 | +240% |
| Remuneration, social security and pensions | 62 | €192,416 | €264,829 | +€72,413 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,922 | €14,417 | +€10,495 | +268% |
| Other operating charges | 640/8 | €255 | €645 | +€390 | +153% |
| Gross operating margin | 9900 | €262,709 | €232,600 | -€30,109 | -11.5% |
| Operating profit (loss) | 9901 | €66,116 | -€47,291 | -€113,407 | |
| Financial income | 75/76B | €185 | €4,546 | +€4,361 | +2,359% |
| Recurring financial income | 75 | €185 | €4,546 | +€4,361 | +2,359% |
| Financial charges | 65/66B | €7,207 | €3,926 | -€3,281 | -45.5% |
| Recurring financial charges | 65 | €7,207 | €3,926 | -€3,281 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €59,094 | -€46,671 | -€105,765 | |
| Income taxes | 67/77 | €17,254 | €5,646 | -€11,608 | -67.3% |
| Profit (loss) for the period | 9904 | €41,840 | -€52,316 | -€94,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,840 | -€52,316 | -€94,156 |
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 17 October 2026 via checked.be.