TOPDAK: 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.
TOPDAK
Largest movements
- Receivables after one year +€250,000
new in 2025: €250,000
- Cash +€141,074
up €141,074 (+4,030%), from €3,501 to €144,574
mainly Net result for the year (+€307,960) and Investment in fixed assets (net) (+€123,964)
- Tangible fixed assets -€136,219
down €136,219 (-66.2%), from €205,676 to €69,458
of which Land and buildings: -€191,373
- Receivables within one year -€65,556
down €65,556 (-97.9%), from €66,951 to €1,394
of which Trade receivables: -€65,457
- Stocks and contracts -€11,104
down €11,104 (-63.9%), from €17,375 to €6,271
- Reserves +€307,960
up €307,960 (+2,037%), from €15,115 to €323,075
of which Distributable reserves: +€307,960
- Debts after one year -€148,357
down €148,357 (-99.4%), from €149,223 to €865
- Tax, wage and social debts +€46,195
up €46,195 (+1,073%), from €4,307 to €50,502
of which Taxes: +€43,916
- Current portion of long-term debt -€28,783
down €28,783 (-92.1%), from €31,251 to €2,468
- Trade debts +€15,984
up €15,984 (+110%), from €14,563 to €30,547
- Gross operating margin +€428,877
up €428,877 (+420%), from €102,126 to €531,004
- Taxes +€141,914
up €141,914 (+6,936%), from €2,046 to €143,960
- Other operating charges +€53,932
up €53,932 (+1,146%), from €4,704 to €58,637
- Staff costs -€38,941
down €38,941 (-97.0%), from €40,159 to €1,218
- Depreciation -€12,039
down €12,039 (-49.6%), from €24,293 to €12,254
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 | €293,502 | €471,697 | +€178,195 | +60.7% |
| Fixed assets | 21/28 | €205,676 | €69,458 | -€136,219 | -66.2% |
| Tangible fixed assets | 22/27 | €205,676 | €69,458 | -€136,219 | -66.2% |
| Land and buildings | 22 | €191,373 | - | -€191,373 | |
| Plant, machinery and equipment | 23 | €2,364 | €44,310 | +€41,946 | +1,774% |
| Furniture and vehicles | 24 | €2,248 | €20,905 | +€18,657 | +830% |
| Leasing and similar rights | 25 | €9,691 | €4,242 | -€5,449 | -56.2% |
| Current assets | 29/58 | €87,826 | €402,240 | +€314,414 | +358% |
| Amounts receivable after more than one year | 29 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 291 | - | €250,000 | +€250,000 | |
| Stocks and contracts in progress | 3 | €17,375 | €6,271 | -€11,104 | -63.9% |
| Stocks | 30/36 | €17,375 | €6,271 | -€11,104 | -63.9% |
| Amounts receivable within one year | 40/41 | €66,951 | €1,394 | -€65,556 | -97.9% |
| Trade receivables | 40 | €66,292 | €836 | -€65,457 | -98.7% |
| Other amounts receivable | 41 | €658 | €559 | -€99 | -15.1% |
| Cash at bank and in hand | 54/58 | €3,501 | €144,574 | +€141,074 | +4,030% |
| Total equity and liabilities | 10/49 | €293,502 | €471,697 | +€178,195 | +60.7% |
| Equity | 10/15 | €33,707 | €341,667 | +€307,960 | +914% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15,115 | €323,075 | +€307,960 | +2,037% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €13,256 | €321,216 | +€307,960 | +2,323% |
| Amounts payable | 17/49 | €259,796 | €130,031 | -€129,765 | -49.9% |
| Amounts payable after more than one year | 17 | €149,223 | €865 | -€148,357 | -99.4% |
| Financial debts | 170/4 | €149,223 | €865 | -€148,357 | -99.4% |
| Amounts payable within one year | 42/48 | €110,573 | €129,165 | +€18,592 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €31,251 | €2,468 | -€28,783 | -92.1% |
| Trade debts | 44 | €14,563 | €30,547 | +€15,984 | +110% |
| Suppliers | 440/4 | €14,563 | €30,547 | +€15,984 | +110% |
| Taxes, remuneration and social security | 45 | €4,307 | €50,502 | +€46,195 | +1,073% |
| Taxes | 450/3 | €2,046 | €45,962 | +€43,916 | +2,146% |
| Remuneration and social security | 454/9 | €2,261 | €4,539 | +€2,279 | +101% |
| Other amounts payable | 47/48 | €60,453 | €45,649 | -€14,804 | -24.5% |
| Non-recurring operating income | 76A | €17,000 | €555,557 | +€538,557 | +3,168% |
| Remuneration, social security and pensions | 62 | €40,159 | €1,218 | -€38,941 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,293 | €12,254 | -€12,039 | -49.6% |
| Other operating charges | 640/8 | €4,704 | €58,637 | +€53,932 | +1,146% |
| Gross operating margin | 9900 | €102,126 | €531,004 | +€428,877 | +420% |
| Operating profit (loss) | 9901 | €32,969 | €458,894 | +€425,925 | +1,292% |
| Financial income | 75/76B | €48 | €390 | +€343 | +721% |
| Recurring financial income | 75 | €48 | €390 | +€343 | +721% |
| Financial charges | 65/66B | €13,288 | €7,364 | -€5,924 | -44.6% |
| Recurring financial charges | 65 | €13,288 | €7,364 | -€5,924 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €19,729 | €451,920 | +€432,191 | +2,191% |
| Income taxes | 67/77 | €2,046 | €143,960 | +€141,914 | +6,936% |
| Profit (loss) for the period | 9904 | €17,683 | €307,960 | +€290,277 | +1,642% |
| Profit (loss) for the period to be appropriated | 9905 | €17,683 | €307,960 | +€290,277 | +1,642% |
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 20 October 2026 via checked.be.