TOPCARS: 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.
TOPCARS
Largest movements
- Stocks and contracts +€160,845
up €160,845 (+50.8%), from €316,922 to €477,768
- Receivables within one year -€58,779
down €58,779 (-29.3%), from €200,599 to €141,819
of which Trade receivables: -€57,590
- Tangible fixed assets +€22,099
up €22,099 (+13.6%), from €161,986 to €184,086
of which Furniture and vehicles: +€13,905
- Reserves +€120,531
up €120,531 (+22.0%), from €547,375 to €667,906
- Tax, wage and social debts -€19,557
down €19,557 (-43.9%), from €44,534 to €24,977
of which Taxes: -€19,352
- Gross operating margin -€75,402
down €75,402 (-27.9%), from €270,320 to €194,918
- Taxes -€35,878
down €35,878 (-49.5%), from €72,545 to €36,667
- Depreciation +€3,022
up €3,022 (+30.9%), from €9,793 to €12,815
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 | €1,107,924 | €1,220,336 | +€112,412 | +10.1% |
| Fixed assets | 21/28 | €161,986 | €184,086 | +€22,099 | +13.6% |
| Tangible fixed assets | 22/27 | €161,986 | €184,086 | +€22,099 | +13.6% |
| Land and buildings | 22 | €148,780 | €159,384 | +€10,604 | +7.1% |
| Plant, machinery and equipment | 23 | €9,572 | €7,163 | -€2,410 | -25.2% |
| Furniture and vehicles | 24 | €3,634 | €17,539 | +€13,905 | +383% |
| Current assets | 29/58 | €945,937 | €1,036,250 | +€90,313 | +9.5% |
| Stocks and contracts in progress | 3 | €316,922 | €477,768 | +€160,845 | +50.8% |
| Stocks | 30/36 | €316,922 | €477,768 | +€160,845 | +50.8% |
| Amounts receivable within one year | 40/41 | €200,599 | €141,819 | -€58,779 | -29.3% |
| Trade receivables | 40 | €199,290 | €141,701 | -€57,590 | -28.9% |
| Other amounts receivable | 41 | €1,308 | €119 | -€1,189 | -90.9% |
| Cash at bank and in hand | 54/58 | €424,072 | €412,517 | -€11,555 | -2.7% |
| Deferred charges and accrued income | 490/1 | €4,344 | €4,146 | -€198 | -4.6% |
| Total equity and liabilities | 10/49 | €1,107,924 | €1,220,336 | +€112,412 | +10.1% |
| Equity | 10/15 | €798,091 | €918,622 | +€120,531 | +15.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €547,375 | €667,906 | +€120,531 | +22.0% |
| Distributable reserves | 133 | €547,375 | €667,906 | +€120,531 | +22.0% |
| Profit (loss) carried forward | 14 | €231,965 | €231,965 | = | 0.0% |
| Amounts payable | 17/49 | €309,833 | €301,714 | -€8,119 | -2.6% |
| Amounts payable within one year | 42/48 | €309,833 | €301,714 | -€8,119 | -2.6% |
| Trade debts | 44 | €7,792 | €9,057 | +€1,265 | +16.2% |
| Suppliers | 440/4 | €7,792 | €9,057 | +€1,265 | +16.2% |
| Taxes, remuneration and social security | 45 | €44,534 | €24,977 | -€19,557 | -43.9% |
| Taxes | 450/3 | €44,329 | €24,977 | -€19,352 | -43.7% |
| Remuneration and social security | 454/9 | €205 | - | -€205 | |
| Other amounts payable | 47/48 | €257,507 | €267,680 | +€10,173 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,793 | €12,815 | +€3,022 | +30.9% |
| Other operating charges | 640/8 | €8,084 | €8,844 | +€760 | +9.4% |
| Non-recurring operating charges | 66A | €21 | - | -€21 | |
| Gross operating margin | 9900 | €270,320 | €194,918 | -€75,402 | -27.9% |
| Operating profit (loss) | 9901 | €252,421 | €173,259 | -€79,162 | -31.4% |
| Financial income | 75/76B | €927 | €176 | -€751 | -81.0% |
| Recurring financial income | 75 | €927 | €176 | -€751 | -81.0% |
| Financial charges | 65/66B | €18,384 | €16,238 | -€2,146 | -11.7% |
| Recurring financial charges | 65 | €18,384 | €16,238 | -€2,146 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €234,965 | €157,198 | -€77,767 | -33.1% |
| Income taxes | 67/77 | €72,545 | €36,667 | -€35,878 | -49.5% |
| Profit (loss) for the period | 9904 | €162,420 | €120,531 | -€41,889 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €162,420 | €120,531 | -€41,889 | -25.8% |
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 30 October 2026 via checked.be.