TOPEAR: 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.
TOPEAR
Largest movements
- Receivables within one year +€16,163
up €16,163 (+47.6%), from €33,972 to €50,135
of which Other amounts receivable: +€13,930
- Cash +€12,222
up €12,222 (+16.8%), from €72,548 to €84,769
mainly Net result for the year (+€40,048) and Depreciation (+€20,096)
- Tangible fixed assets -€8,731
down €8,731 (-14.0%), from €62,436 to €53,705
of which Furniture and vehicles: -€12,038
- Profit (loss) carried forward +€40,048
up €40,048 (+32.4%), from €123,751 to €163,799
- Debts after one year -€17,797
down €17,797 (-92.3%), from €19,290 to €1,493
- Trade debts -€2,609
down €2,609 (-90.0%), from €2,898 to €289
- Gross operating margin +€19,386
up €19,386 (+35.6%), from €54,489 to €73,875
- Taxes +€3,908
up €3,908 (+48.0%), from €8,140 to €12,047
- Financial charges +€922
up €922 (+493%), from €187 to €1,109
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 | €189,570 | €208,565 | +€18,995 | +10.0% |
| Fixed assets | 21/28 | €62,436 | €53,705 | -€8,731 | -14.0% |
| Tangible fixed assets | 22/27 | €62,436 | €53,705 | -€8,731 | -14.0% |
| Plant, machinery and equipment | 23 | - | €1,306 | +€1,306 | |
| Furniture and vehicles | 24 | €59,686 | €47,649 | -€12,038 | -20.2% |
| Other tangible fixed assets | 26 | €2,750 | €4,750 | +€2,000 | +72.7% |
| Current assets | 29/58 | €127,133 | €154,860 | +€27,726 | +21.8% |
| Amounts receivable within one year | 40/41 | €33,972 | €50,135 | +€16,163 | +47.6% |
| Trade receivables | 40 | - | €2,234 | +€2,234 | |
| Other amounts receivable | 41 | €33,972 | €47,902 | +€13,930 | +41.0% |
| Cash at bank and in hand | 54/58 | €72,548 | €84,769 | +€12,222 | +16.8% |
| Deferred charges and accrued income | 490/1 | €20,613 | €19,955 | -€658 | -3.2% |
| Total equity and liabilities | 10/49 | €189,570 | €208,565 | +€18,995 | +10.0% |
| Equity | 10/15 | €128,751 | €168,799 | +€40,048 | +31.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,751 | €163,799 | +€40,048 | +32.4% |
| Amounts payable | 17/49 | €60,819 | €39,766 | -€21,053 | -34.6% |
| Amounts payable after more than one year | 17 | €19,290 | €1,493 | -€17,797 | -92.3% |
| Financial debts | 170/4 | €19,290 | €1,493 | -€17,797 | -92.3% |
| Amounts payable within one year | 42/48 | €41,529 | €38,273 | -€3,256 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €17,032 | €17,797 | +€765 | +4.5% |
| Trade debts | 44 | €2,898 | €289 | -€2,609 | -90.0% |
| Suppliers | 440/4 | €2,898 | €289 | -€2,609 | -90.0% |
| Taxes, remuneration and social security | 45 | €21,598 | €20,187 | -€1,411 | -6.5% |
| Taxes | 450/3 | €21,598 | €20,187 | -€1,411 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,511 | €20,096 | +€585 | +3.0% |
| Other operating charges | 640/8 | €171 | €575 | +€404 | +236% |
| Gross operating margin | 9900 | €54,489 | €73,875 | +€19,386 | +35.6% |
| Operating profit (loss) | 9901 | €34,807 | €53,204 | +€18,397 | +52.9% |
| Financial charges | 65/66B | €187 | €1,109 | +€922 | +493% |
| Recurring financial charges | 65 | €187 | €1,109 | +€922 | +493% |
| Profit (loss) for the period before taxes | 9903 | €34,620 | €52,095 | +€17,475 | +50.5% |
| Income taxes | 67/77 | €8,140 | €12,047 | +€3,908 | +48.0% |
| Profit (loss) for the period | 9904 | €26,481 | €40,048 | +€13,567 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,481 | €40,048 | +€13,567 | +51.2% |
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 15 October 2026 via checked.be.