Topforce: 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.
Topforce
Largest movements
- Cash +€188,107
up €188,107 (+112.2%), from €167,685 to €355,792
mainly Net result for the year (+€90,763) and Receivables within one year (+€44,182)
- Receivables within one year -€44,182
down €44,182 (-45.4%), from €97,290 to €53,107
of which Trade receivables: -€55,845
- Tangible fixed assets -€5,920
down €5,920 (-96.9%), from €6,112 to €192
- Deferred charges and accrued income -€5,509
down €5,509 (-19.8%), from €27,817 to €22,308
- Reserves +€90,763
up €90,763 (+49.4%), from €183,687 to €274,451
- Trade debts +€29,967
up €29,967 (+72.7%), from €41,234 to €71,201
- Tax, wage and social debts +€11,765
up €11,765 (+21.0%), from €55,978 to €67,743
of which Taxes: +€9,286
- Staff costs +€39,388
up €39,388 (+20.7%), from €190,030 to €229,418
- Gross operating margin +€17,721
up €17,721 (+4.9%), from €364,050 to €381,771
- Taxes -€4,457
down €4,457 (-12.1%), from €36,760 to €32,303
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
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 | €299,499 | €431,995 | +€132,496 | +44.2% |
| Fixed assets | 21/28 | €6,707 | €787 | -€5,920 | -88.3% |
| Tangible fixed assets | 22/27 | €6,112 | €192 | -€5,920 | -96.9% |
| Furniture and vehicles | 24 | €6,112 | €192 | -€5,920 | -96.9% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €292,792 | €431,207 | +€138,416 | +47.3% |
| Amounts receivable within one year | 40/41 | €97,290 | €53,107 | -€44,182 | -45.4% |
| Trade receivables | 40 | €58,268 | €2,423 | -€55,845 | -95.8% |
| Other amounts receivable | 41 | €39,022 | €50,685 | +€11,663 | +29.9% |
| Cash at bank and in hand | 54/58 | €167,685 | €355,792 | +€188,107 | +112.2% |
| Deferred charges and accrued income | 490/1 | €27,817 | €22,308 | -€5,509 | -19.8% |
| Total equity and liabilities | 10/49 | €299,499 | €431,995 | +€132,496 | +44.2% |
| Equity | 10/15 | €202,287 | €293,051 | +€90,763 | +44.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,687 | €274,451 | +€90,763 | +49.4% |
| Distributable reserves | 133 | €183,687 | €274,451 | +€90,763 | +49.4% |
| Amounts payable | 17/49 | €97,211 | €138,944 | +€41,733 | +42.9% |
| Amounts payable within one year | 42/48 | €97,211 | €138,944 | +€41,733 | +42.9% |
| Trade debts | 44 | €41,234 | €71,201 | +€29,967 | +72.7% |
| Suppliers | 440/4 | €41,234 | €71,201 | +€29,967 | +72.7% |
| Taxes, remuneration and social security | 45 | €55,978 | €67,743 | +€11,765 | +21.0% |
| Taxes | 450/3 | €34,812 | €44,098 | +€9,286 | +26.7% |
| Remuneration and social security | 454/9 | €21,165 | €23,645 | +€2,479 | +11.7% |
| Remuneration, social security and pensions | 62 | €190,030 | €229,418 | +€39,388 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,986 | €5,920 | -€1,067 | -15.3% |
| Other operating charges | 640/8 | €451 | €308 | -€143 | -31.7% |
| Gross operating margin | 9900 | €364,050 | €381,771 | +€17,721 | +4.9% |
| Operating profit (loss) | 9901 | €166,582 | €146,125 | -€20,457 | -12.3% |
| Financial income | 75/76B | €4,406 | €3,743 | -€663 | -15.0% |
| Recurring financial income | 75 | €4,406 | €3,743 | -€663 | -15.0% |
| Financial charges | 65/66B | €28,007 | €26,802 | -€1,205 | -4.3% |
| Recurring financial charges | 65 | €28,007 | €26,802 | -€1,205 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €142,981 | €123,067 | -€19,915 | -13.9% |
| Income taxes | 67/77 | €36,760 | €32,303 | -€4,457 | -12.1% |
| Profit (loss) for the period | 9904 | €106,221 | €90,763 | -€15,458 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,221 | €90,763 | -€15,458 | -14.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.