TOPGEN KI: 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.
TOPGEN KI
Largest movements
- Cash +€99,326
up €99,326 (+56.6%), from €175,499 to €274,826
mainly Other debts (+€187,909) and Net result for the year (+€144,995)
- Current investments -€90,000
down €90,000 (-30.0%), from €300,000 to €210,000
- Tangible fixed assets +€24,314
up €24,314 (+362%), from €6,716 to €31,030
of which Plant, machinery and equipment: +€27,832
- Receivables within one year -€13,603
down €13,603 (-7.8%), from €175,119 to €161,516
of which Trade receivables: -€16,152
- Other debts +€187,909
up €187,909 (+55.4%), from €339,117 to €527,025
- Reserves -€145,005
down €145,005 (-72.7%), from €199,470 to €54,464
- Tax, wage and social debts +€31,827
up €31,827 (+103%), from €30,864 to €62,691
of which Taxes: +€40,378
- Debts after one year -€22,250
down €22,250 (-100%), from €22,250 to €0
- Current portion of long-term debt -€22,250
down €22,250 (-50.0%), from €44,500 to €22,250
- Staff costs -€42,105
down €42,105 (-25.0%), from €168,532 to €126,427
- Gross operating margin +€30,497
up €30,497 (+10.5%), from €291,536 to €322,033
- Taxes +€18,379
up €18,379 (+79.5%), from €23,122 to €41,500
- Depreciation -€10,112
down €10,112 (-89.6%), from €11,280 to €1,168
- Other operating charges -€3,301
down €3,301 (-81.3%), from €4,062 to €761
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 | €750,479 | €775,213 | +€24,734 | +3.3% |
| Fixed assets | 21/28 | €6,716 | €31,030 | +€24,314 | +362% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €6,716 | €31,030 | +€24,314 | +362% |
| Plant, machinery and equipment | 23 | €3,198 | €31,030 | +€27,832 | +870% |
| Furniture and vehicles | 24 | €3,518 | €0 | -€3,518 | -100% |
| Current assets | 29/58 | €743,763 | €744,183 | +€420 | +0.1% |
| Stocks and contracts in progress | 3 | €93,145 | €97,800 | +€4,655 | +5.0% |
| Stocks | 30/36 | €93,145 | €97,800 | +€4,655 | +5.0% |
| Amounts receivable within one year | 40/41 | €175,119 | €161,516 | -€13,603 | -7.8% |
| Trade receivables | 40 | €174,039 | €157,887 | -€16,152 | -9.3% |
| Other amounts receivable | 41 | €1,080 | €3,629 | +€2,549 | +236% |
| Current investments | 50/53 | €300,000 | €210,000 | -€90,000 | -30.0% |
| Cash at bank and in hand | 54/58 | €175,499 | €274,826 | +€99,326 | +56.6% |
| Deferred charges and accrued income | 490/1 | €0 | €41 | +€41 | |
| Total equity and liabilities | 10/49 | €750,479 | €775,213 | +€24,734 | +3.3% |
| Equity | 10/15 | €199,470 | €54,464 | -€145,005 | -72.7% |
| Reserves | 13 | €199,470 | €54,464 | -€145,005 | -72.7% |
| Distributable reserves | 133 | €199,470 | €54,464 | -€145,005 | -72.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €551,010 | €720,749 | +€169,739 | +30.8% |
| Amounts payable after more than one year | 17 | €22,250 | €0 | -€22,250 | -100% |
| Financial debts | 170/4 | €22,250 | €0 | -€22,250 | -100% |
| Amounts payable within one year | 42/48 | €528,759 | €720,749 | +€191,989 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €44,500 | €22,250 | -€22,250 | -50.0% |
| Trade debts | 44 | €114,278 | €108,782 | -€5,497 | -4.8% |
| Suppliers | 440/4 | €114,278 | €108,782 | -€5,497 | -4.8% |
| Taxes, remuneration and social security | 45 | €30,864 | €62,691 | +€31,827 | +103% |
| Taxes | 450/3 | €3,122 | €43,500 | +€40,378 | +1,293% |
| Remuneration and social security | 454/9 | €27,743 | €19,191 | -€8,551 | -30.8% |
| Other amounts payable | 47/48 | €339,117 | €527,025 | +€187,909 | +55.4% |
| Non-recurring operating income | 76A | - | €5,789 | +€5,789 | |
| Remuneration, social security and pensions | 62 | €168,532 | €126,427 | -€42,105 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,280 | €1,168 | -€10,112 | -89.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,632 | -€1,793 | +€1,839 | +50.6% |
| Other operating charges | 640/8 | €4,062 | €761 | -€3,301 | -81.3% |
| Gross operating margin | 9900 | €291,536 | €322,033 | +€30,497 | +10.5% |
| Operating profit (loss) | 9901 | €111,294 | €195,471 | +€84,176 | +75.6% |
| Financial income | 75/76B | €0 | €1,907 | +€1,907 | +560,832% |
| Recurring financial income | 75 | €0 | €1,907 | +€1,907 | +560,832% |
| Financial charges | 65/66B | €10,802 | €10,883 | +€80 | +0.7% |
| Recurring financial charges | 65 | €10,802 | €10,883 | +€80 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €100,492 | €186,495 | +€86,003 | +85.6% |
| Income taxes | 67/77 | €23,122 | €41,500 | +€18,379 | +79.5% |
| Profit (loss) for the period | 9904 | €77,370 | €144,995 | +€67,624 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,370 | €144,995 | +€67,624 | +87.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.