TOPCUIR: 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.
TOPCUIR
Largest movements
- Receivables within one year -€58,726
down €58,726 (-56.8%), from €103,372 to €44,646
- Tangible fixed assets -€11,148
down €11,148 (-4.5%), from €250,323 to €239,175
of which Land and buildings: -€9,890
- Stocks and contracts -€6,238
down €6,238 (-5.3%), from €118,599 to €112,361
- Trade debts -€23,303
down €23,303 (-32.3%), from €72,198 to €48,895
- Tax, wage and social debts -€17,752
down €17,752 (-84.4%), from €21,043 to €3,292
of which Taxes: -€11,334
- Debts after one year -€14,976
down €14,976 (-8.2%), from €183,529 to €168,553
of which Financial debts: -€14,976
- Current portion of long-term debt -€11,304
down €11,304 (-42.4%), from €26,640 to €15,337
- Other debts -€8,226
down €8,226 (-23.3%), from €35,264 to €27,038
- Staff costs -€46,193
down €46,193 (-96.1%), from €48,044 to €1,852
- Gross operating margin -€33,828
down €33,828 (-45.9%), from €73,633 to €39,805
- Financial charges -€3,801
down €3,801 (-17.3%), from €21,988 to €18,187
- Depreciation -€1,579
down €1,579 (-11.9%), from €13,226 to €11,648
- Other operating charges +€741
up €741 (+18.2%), from €4,079 to €4,820
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
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 | €487,544 | €415,003 | -€72,541 | -14.9% |
| Fixed assets | 21/28 | €250,494 | €239,346 | -€11,148 | -4.5% |
| Tangible fixed assets | 22/27 | €250,323 | €239,175 | -€11,148 | -4.5% |
| Land and buildings | 22 | €245,196 | €235,305 | -€9,890 | -4.0% |
| Furniture and vehicles | 24 | - | €452 | +€452 | |
| Other tangible fixed assets | 26 | €5,127 | €3,418 | -€1,709 | -33.3% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €237,050 | €175,657 | -€61,394 | -25.9% |
| Stocks and contracts in progress | 3 | €118,599 | €112,361 | -€6,238 | -5.3% |
| Stocks | 30/36 | €118,599 | €112,361 | -€6,238 | -5.3% |
| Amounts receivable within one year | 40/41 | €103,372 | €44,646 | -€58,726 | -56.8% |
| Trade receivables | 40 | €103,372 | €44,646 | -€58,726 | -56.8% |
| Current investments | 50/53 | €2,015 | €4,378 | +€2,363 | +117.3% |
| Cash at bank and in hand | 54/58 | €13,064 | €10,179 | -€2,885 | -22.1% |
| Deferred charges and accrued income | 490/1 | - | €4,093 | +€4,093 | |
| Total equity and liabilities | 10/49 | €487,544 | €415,003 | -€72,541 | -14.9% |
| Equity | 10/15 | -€1,131 | €1,887 | +€3,019 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €126,471 | €126,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,760 | €19,760 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,760 | €19,760 | = | 0.0% |
| Distributable reserves | 133 | €106,711 | €106,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,603 | -€174,584 | +€3,019 | +1.7% |
| Amounts payable | 17/49 | €488,675 | €413,115 | -€75,560 | -15.5% |
| Amounts payable after more than one year | 17 | €183,529 | €168,553 | -€14,976 | -8.2% |
| Financial debts | 170/4 | €69,529 | €54,553 | -€14,976 | -21.5% |
| Other amounts payable | 178/9 | €114,000 | €114,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €305,146 | €244,562 | -€60,584 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €26,640 | €15,337 | -€11,304 | -42.4% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €72,198 | €48,895 | -€23,303 | -32.3% |
| Suppliers | 440/4 | €72,198 | €48,895 | -€23,303 | -32.3% |
| Taxes, remuneration and social security | 45 | €21,043 | €3,292 | -€17,752 | -84.4% |
| Taxes | 450/3 | €12,111 | €778 | -€11,334 | -93.6% |
| Remuneration and social security | 454/9 | €8,932 | €2,514 | -€6,418 | -71.9% |
| Other amounts payable | 47/48 | €35,264 | €27,038 | -€8,226 | -23.3% |
| Remuneration, social security and pensions | 62 | €48,044 | €1,852 | -€46,193 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,226 | €11,648 | -€1,579 | -11.9% |
| Other operating charges | 640/8 | €4,079 | €4,820 | +€741 | +18.2% |
| Gross operating margin | 9900 | €73,633 | €39,805 | -€33,828 | -45.9% |
| Operating profit (loss) | 9901 | €8,284 | €21,486 | +€13,203 | +159.4% |
| Financial charges | 65/66B | €21,988 | €18,187 | -€3,801 | -17.3% |
| Recurring financial charges | 65 | €21,988 | €18,187 | -€3,801 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,704 | €3,299 | +€17,003 | |
| Income taxes | 67/77 | €311 | €280 | -€31 | -10.0% |
| Profit (loss) for the period | 9904 | -€14,015 | €3,019 | +€17,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,015 | €3,019 | +€17,034 |
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.