TOPFLOOR: 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.
TOPFLOOR
Largest movements
- Cash +€325,045
up €325,045 (+114%), from €286,261 to €611,306
mainly Debts after one year (+€1.0m) and Net result for the year (+€162,433)
- Receivables within one year -€99,083
down €99,083 (-5.3%), from €1.9m to €1.8m
of which Trade receivables: -€238,592
- Stocks and contracts -€95,766
down €95,766 (-25.2%), from €379,328 to €283,561
- Debts after one year +€1.0m
up €1.0m (+203%), from €494,182 to €1.5m
- Other debts -€826,027
down €826,027 (-74.0%), from €1.1m to €289,995
- Trade debts -€242,730
down €242,730 (-41.6%), from €582,961 to €340,231
- Reserves +€162,433
up €162,433 (+39.7%), from €409,186 to €571,619
of which Distributable reserves: +€162,009
- Accrued charges and deferred income +€87,275
up €87,275 (+1,745%), from €5,000 to €92,275
- Gross operating margin +€230,526
up €230,526 (+13.9%), from €1.7m to €1.9m
- Staff costs +€181,054
up €181,054 (+13.6%), from €1.3m to €1.5m
- Financial charges -€82,448
down €82,448 (-84.6%), from €97,423 to €14,976
- Taxes +€30,931
up €30,931 (+91.9%), from €33,646 to €64,577
- Depreciation -€22,017
down €22,017 (-20.6%), from €106,994 to €84,977
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 | €3,074,983 | €3,249,711 | +€174,727 | +5.7% |
| Fixed assets | 21/28 | €549,008 | €593,539 | +€44,532 | +8.1% |
| Tangible fixed assets | 22/27 | €206,065 | €234,104 | +€28,038 | +13.6% |
| Land and buildings | 22 | €32,897 | €62,110 | +€29,214 | +88.8% |
| Plant, machinery and equipment | 23 | €115,541 | €124,245 | +€8,704 | +7.5% |
| Furniture and vehicles | 24 | €53,718 | €45,731 | -€7,986 | -14.9% |
| Other tangible fixed assets | 26 | €3,910 | €2,017 | -€1,893 | -48.4% |
| Financial fixed assets | 28 | €342,943 | €359,436 | +€16,493 | +4.8% |
| Current assets | 29/58 | €2,525,976 | €2,656,171 | +€130,195 | +5.2% |
| Stocks and contracts in progress | 3 | €379,328 | €283,561 | -€95,766 | -25.2% |
| Stocks | 30/36 | €379,328 | €283,561 | -€95,766 | -25.2% |
| Amounts receivable within one year | 40/41 | €1,860,387 | €1,761,303 | -€99,083 | -5.3% |
| Trade receivables | 40 | €1,193,244 | €954,652 | -€238,592 | -20.0% |
| Other amounts receivable | 41 | €667,143 | €806,651 | +€139,508 | +20.9% |
| Cash at bank and in hand | 54/58 | €286,261 | €611,306 | +€325,045 | +114% |
| Total equity and liabilities | 10/49 | €3,074,983 | €3,249,711 | +€174,727 | +5.7% |
| Equity | 10/15 | €624,186 | €786,619 | +€162,433 | +26.0% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Capital | 10 | €215,000 | €215,000 | = | 0.0% |
| Issued capital | 100 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | €409,186 | €571,619 | +€162,433 | +39.7% |
| Non-distributable reserves | 130/1 | €33,470 | €33,895 | +€424 | +1.3% |
| Legal reserve | 130 | €21,076 | €21,500 | +€424 | +2.0% |
| Reserves not available under the articles | 1311 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €319,465 | €481,474 | +€162,009 | +50.7% |
| Amounts payable | 17/49 | €2,450,798 | €2,463,092 | +€12,294 | +0.5% |
| Amounts payable after more than one year | 17 | €494,182 | €1,496,151 | +€1.0m | +203% |
| Financial debts | 170/4 | €494,182 | €1,496,151 | +€1.0m | +203% |
| Amounts payable within one year | 42/48 | €1,951,616 | €874,666 | -€1.1m | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €106,106 | €168,861 | +€62,755 | +59.1% |
| Trade debts | 44 | €582,961 | €340,231 | -€242,730 | -41.6% |
| Suppliers | 440/4 | €582,961 | €340,231 | -€242,730 | -41.6% |
| Taxes, remuneration and social security | 45 | €146,527 | €75,579 | -€70,948 | -48.4% |
| Taxes | 450/3 | €33,646 | €4,577 | -€29,069 | -86.4% |
| Remuneration and social security | 454/9 | €112,881 | €71,002 | -€41,879 | -37.1% |
| Other amounts payable | 47/48 | €1,116,023 | €289,995 | -€826,027 | -74.0% |
| Accrued charges and deferred income | 492/3 | €5,000 | €92,275 | +€87,275 | +1,745% |
| Remuneration, social security and pensions | 62 | €1,331,661 | €1,512,715 | +€181,054 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,994 | €84,977 | -€22,017 | -20.6% |
| Other operating charges | 640/8 | €38,289 | €51,486 | +€13,197 | +34.5% |
| Gross operating margin | 9900 | €1,657,496 | €1,888,022 | +€230,526 | +13.9% |
| Operating profit (loss) | 9901 | €180,551 | €238,844 | +€58,293 | +32.3% |
| Financial income | 75/76B | €11,127 | €3,142 | -€7,985 | -71.8% |
| Recurring financial income | 75 | €11,127 | €3,142 | -€7,985 | -71.8% |
| Financial charges | 65/66B | €97,423 | €14,976 | -€82,448 | -84.6% |
| Recurring financial charges | 65 | €97,423 | €14,976 | -€82,448 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €94,255 | €227,010 | +€132,756 | +141% |
| Income taxes | 67/77 | €33,646 | €64,577 | +€30,931 | +91.9% |
| Profit (loss) for the period | 9904 | €60,609 | €162,433 | +€101,824 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €60,609 | €162,433 | +€101,824 | +168% |
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 16 October 2026 via checked.be.