TOPFIN: what changed
Two fiscal 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.
TOPFIN
Largest movements
- Receivables within one year +€18,771
up €18,771 (+24.1%), from €77,833 to €96,604
of which Other amounts receivable: +€10,304
- Tangible fixed assets -€9,313
down €9,313 (-29.9%), from €31,097 to €21,784
of which Plant, machinery and equipment: -€8,360
- Stocks and contracts +€6,523
up €6,523 (+4.9%), from €133,000 to €139,523
of which Contracts in progress: +€10,023
- Trade debts +€25,958
up €25,958 (+2458.9%), from €1,056 to €27,014
- Short-term financial debts -€16,698
down €16,698 (-58.2%), from €28,686 to €11,988
- Profit (loss) carried forward +€7,867
up €7,867 (+19.3%), from -€40,669 to -€32,802
- Other debts -€4,797
down €4,797 (-4.5%), from €105,905 to €101,108
- Tax, wage and social debts +€4,689
up €4,689 (+29.7%), from €15,785 to €20,474
of which Taxes: +€9,993
- Gross operating margin +€41,665
up €41,665 (+42.2%), from €98,721 to €140,386
- Staff costs -€15,305
down €15,305 (-11.9%), from €128,092 to €112,787
- Other operating charges +€6,672
up €6,672 (+1146.9%), from €582 to €7,253
- Depreciation -€6,291
down €6,291 (-40.3%), from €15,603 to €9,313
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,930 | €257,911 | +€15,982 | +6.6% |
| Fixed assets | 21/28 | €31,097 | €21,784 | -€9,313 | -29.9% |
| Tangible fixed assets | 22/27 | €31,097 | €21,784 | -€9,313 | -29.9% |
| Plant, machinery and equipment | 23 | €29,394 | €21,034 | -€8,360 | -28.4% |
| Other tangible fixed assets | 26 | €1,703 | €750 | -€953 | -56.0% |
| Current assets | 29/58 | €210,833 | €236,127 | +€25,294 | +12.0% |
| Stocks and contracts in progress | 3 | €133,000 | €139,523 | +€6,523 | +4.9% |
| Stocks | 30/36 | €44,800 | €41,300 | -€3,500 | -7.8% |
| Contracts in progress | 37 | €88,200 | €98,223 | +€10,023 | +11.4% |
| Amounts receivable within one year | 40/41 | €77,833 | €96,604 | +€18,771 | +24.1% |
| Trade receivables | 40 | €65,623 | €74,091 | +€8,468 | +12.9% |
| Other amounts receivable | 41 | €12,210 | €22,513 | +€10,304 | +84.4% |
| Total equity and liabilities | 10/49 | €241,930 | €257,911 | +€15,982 | +6.6% |
| Equity | 10/15 | €86,782 | €94,649 | +€7,867 | +9.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €27,450 | €27,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €21,450 | €21,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,669 | -€32,802 | +€7,867 | +19.3% |
| Amounts payable | 17/49 | €155,148 | €163,263 | +€8,115 | +5.2% |
| Amounts payable after more than one year | 17 | €2,904 | €1,844 | -€1,061 | -36.5% |
| Financial debts | 170/4 | €2,904 | €1,844 | -€1,061 | -36.5% |
| Amounts payable within one year | 42/48 | €152,244 | €161,419 | +€9,175 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €812 | €835 | +€23 | +2.9% |
| Financial debts | 43 | €28,686 | €11,988 | -€16,698 | -58.2% |
| Credit institutions | 430/8 | €28,686 | €11,988 | -€16,698 | -58.2% |
| Trade debts | 44 | €1,056 | €27,014 | +€25,958 | +2458.9% |
| Suppliers | 440/4 | €1,056 | €27,014 | +€25,958 | +2458.9% |
| Taxes, remuneration and social security | 45 | €15,785 | €20,474 | +€4,689 | +29.7% |
| Taxes | 450/3 | €4,798 | €14,791 | +€9,993 | +208.3% |
| Remuneration and social security | 454/9 | €10,987 | €5,683 | -€5,304 | -48.3% |
| Other amounts payable | 47/48 | €105,905 | €101,108 | -€4,797 | -4.5% |
| Remuneration, social security and pensions | 62 | €128,092 | €112,787 | -€15,305 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,603 | €9,313 | -€6,291 | -40.3% |
| Other operating charges | 640/8 | €582 | €7,253 | +€6,672 | +1146.9% |
| Gross operating margin | 9900 | €98,721 | €140,386 | +€41,665 | +42.2% |
| Operating profit (loss) | 9901 | -€45,557 | €11,033 | +€56,589 | |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.9% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.9% |
| Financial charges | 65/66B | €4,073 | €3,166 | -€907 | -22.3% |
| Recurring financial charges | 65 | €4,073 | €3,166 | -€907 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,608 | €7,867 | +€57,474 | |
| Profit (loss) for the period | 9904 | -€49,608 | €7,867 | +€57,474 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,608 | €7,867 | +€57,474 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.