Topdak Construct: 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 Construct
Largest movements
- Receivables within one year +€14,238
up €14,238 (+362%), from €3,933 to €18,171
of which Trade receivables: +€13,086
- Cash +€2,632
up €2,632 (+33.2%), from €7,922 to €10,554
mainly Trade debts (+€12,433) and Tax, wage and social debts (+€4,180)
- Tangible fixed assets +€897
up €897 (+19.2%), from €4,667 to €5,563
of which Plant, machinery and equipment: +€483
- Deferred charges and accrued income +€537
up €537 (+84.2%), from €638 to €1,175
- Trade debts +€12,433
up €12,433 (+991%), from €1,255 to €13,688
- Tax, wage and social debts +€4,180
up €4,180 (+82.7%), from €5,054 to €9,234
of which Taxes: +€4,180
- Reserves +€1,873
up €1,873 (+35.4%), from €5,289 to €7,163
- Gross operating margin -€2,513
down €2,513 (-30.3%), from €8,291 to €5,778
- Taxes +€376
up €376 (+24.2%), from €1,554 to €1,930
- Financial charges +€275
up €275 (+1,601%), from €17 to €292
- Depreciation +€131
new in 2025: €131
- Other operating charges +€122
up €122 (+19.3%), from €630 to €752
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 | €17,159 | €35,463 | +€18,304 | +107% |
| Fixed assets | 21/28 | €4,667 | €5,563 | +€897 | +19.2% |
| Tangible fixed assets | 22/27 | €4,667 | €5,563 | +€897 | +19.2% |
| Plant, machinery and equipment | 23 | - | €483 | +€483 | |
| Furniture and vehicles | 24 | €4,667 | €5,081 | +€414 | +8.9% |
| Current assets | 29/58 | €12,492 | €29,900 | +€17,408 | +139% |
| Amounts receivable within one year | 40/41 | €3,933 | €18,171 | +€14,238 | +362% |
| Trade receivables | 40 | €2,793 | €15,879 | +€13,086 | +469% |
| Other amounts receivable | 41 | €1,140 | €2,292 | +€1,152 | +101% |
| Cash at bank and in hand | 54/58 | €7,922 | €10,554 | +€2,632 | +33.2% |
| Deferred charges and accrued income | 490/1 | €638 | €1,175 | +€537 | +84.2% |
| Total equity and liabilities | 10/49 | €17,159 | €35,463 | +€18,304 | +107% |
| Equity | 10/15 | €8,789 | €10,663 | +€1,873 | +21.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €5,289 | €7,163 | +€1,873 | +35.4% |
| Distributable reserves | 133 | €5,289 | €7,163 | +€1,873 | +35.4% |
| Amounts payable | 17/49 | €8,370 | €24,801 | +€16,431 | +196% |
| Amounts payable within one year | 42/48 | €8,370 | €24,801 | +€16,431 | +196% |
| Trade debts | 44 | €1,255 | €13,688 | +€12,433 | +991% |
| Suppliers | 440/4 | €1,255 | €13,688 | +€12,433 | +991% |
| Taxes, remuneration and social security | 45 | €5,054 | €9,234 | +€4,180 | +82.7% |
| Taxes | 450/3 | €3,054 | €7,234 | +€4,180 | +137% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,061 | €1,879 | -€181 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €131 | +€131 | |
| Other operating charges | 640/8 | €630 | €752 | +€122 | +19.3% |
| Gross operating margin | 9900 | €8,291 | €5,778 | -€2,513 | -30.3% |
| Operating profit (loss) | 9901 | €7,660 | €4,895 | -€2,765 | -36.1% |
| Financial charges | 65/66B | €17 | €292 | +€275 | +1,601% |
| Recurring financial charges | 65 | €17 | €292 | +€275 | +1,601% |
| Profit (loss) for the period before taxes | 9903 | €7,643 | €4,603 | -€3,040 | -39.8% |
| Income taxes | 67/77 | €1,554 | €1,930 | +€376 | +24.2% |
| Profit (loss) for the period | 9904 | €6,089 | €2,673 | -€3,416 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,089 | €2,673 | -€3,416 | -56.1% |
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 14 October 2026 via checked.be.