TOPCODERS: 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.
TOPCODERS
Largest movements
- Cash -€33,479
down €33,479 (-20.1%), from €166,473 to €132,994
mainly Trade debts (-€107,855) and Investment in fixed assets (net) (-€58,054)
- Receivables within one year -€20,758
down €20,758 (-21.5%), from €96,401 to €75,643
of which Trade receivables: -€16,638
- Tangible fixed assets +€20,669
up €20,669 (+5.5%), from €377,600 to €398,269
of which Furniture and vehicles: +€24,727
- Debts after one year +€114,411
up €114,411 (+57.7%), from €198,343 to €312,755
of which Other amounts payable: +€140,230
- Trade debts -€107,855
down €107,855 (-82.8%), from €130,272 to €22,417
- Other debts -€37,932
down €37,932 (-99.4%), from €38,171 to €239
- Tax, wage and social debts -€7,944
no longer reported in 2024 (was €7,944)
- Gross operating margin -€16,306
down €16,306 (-21.7%), from €75,216 to €58,911
- Depreciation +€6,474
up €6,474 (+20.9%), from €30,911 to €37,385
- Other operating charges -€2,652
down €2,652 (-41.1%), from €6,451 to €3,799
- Taxes -€1,761
down €1,761 (-74.6%), from €2,360 to €599
- Financial charges +€1,343
up €1,343 (+11.9%), from €11,270 to €12,613
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €640,474 | €606,906 | -€33,568 | -5.2% |
| Fixed assets | 21/28 | €377,600 | €398,269 | +€20,669 | +5.5% |
| Tangible fixed assets | 22/27 | €377,600 | €398,269 | +€20,669 | +5.5% |
| Land and buildings | 22 | €344,480 | €342,147 | -€2,333 | -0.7% |
| Plant, machinery and equipment | 23 | €15,120 | €13,395 | -€1,726 | -11.4% |
| Furniture and vehicles | 24 | €18,000 | €42,727 | +€24,727 | +137% |
| Current assets | 29/58 | €262,874 | €208,637 | -€54,237 | -20.6% |
| Amounts receivable within one year | 40/41 | €96,401 | €75,643 | -€20,758 | -21.5% |
| Trade receivables | 40 | €64,681 | €48,044 | -€16,638 | -25.7% |
| Other amounts receivable | 41 | €31,720 | €27,599 | -€4,121 | -13.0% |
| Cash at bank and in hand | 54/58 | €166,473 | €132,994 | -€33,479 | -20.1% |
| Total equity and liabilities | 10/49 | €640,474 | €606,906 | -€33,568 | -5.2% |
| Equity | 10/15 | €229,465 | €234,192 | +€4,727 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,860 | €170,360 | +€4,500 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €164,000 | €168,500 | +€4,500 | +2.7% |
| Profit (loss) carried forward | 14 | €57,405 | €57,632 | +€227 | +0.4% |
| Amounts payable | 17/49 | €411,010 | €372,714 | -€38,296 | -9.3% |
| Amounts payable after more than one year | 17 | €198,343 | €312,755 | +€114,411 | +57.7% |
| Financial debts | 170/4 | €198,343 | €172,525 | -€25,819 | -13.0% |
| Other amounts payable | 178/9 | - | €140,230 | +€140,230 | |
| Amounts payable within one year | 42/48 | €212,667 | €59,960 | -€152,707 | -71.8% |
| Current portion of amounts payable after more than one year | 42 | €36,280 | €37,304 | +€1,024 | +2.8% |
| Trade debts | 44 | €130,272 | €22,417 | -€107,855 | -82.8% |
| Suppliers | 440/4 | €130,272 | €22,417 | -€107,855 | -82.8% |
| Taxes, remuneration and social security | 45 | €7,944 | - | -€7,944 | |
| Taxes | 450/3 | €7,944 | - | -€7,944 | |
| Other amounts payable | 47/48 | €38,171 | €239 | -€37,932 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,911 | €37,385 | +€6,474 | +20.9% |
| Other operating charges | 640/8 | €6,451 | €3,799 | -€2,652 | -41.1% |
| Gross operating margin | 9900 | €75,216 | €58,911 | -€16,306 | -21.7% |
| Operating profit (loss) | 9901 | €37,854 | €17,726 | -€20,128 | -53.2% |
| Financial income | 75/76B | €0 | €213 | +€213 | +2,129,700% |
| Recurring financial income | 75 | €0 | €213 | +€213 | +2,129,700% |
| Financial charges | 65/66B | €11,270 | €12,613 | +€1,343 | +11.9% |
| Recurring financial charges | 65 | €11,270 | €12,613 | +€1,343 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €26,585 | €5,326 | -€21,259 | -80.0% |
| Income taxes | 67/77 | €2,360 | €599 | -€1,761 | -74.6% |
| Profit (loss) for the period | 9904 | €24,225 | €4,727 | -€19,497 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,225 | €4,727 | -€19,497 | -80.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.