TOPGRADING TALENT GROUP: what changed
TOPGRADING TALENT GROUP
Largest movements
- Receivables within one year -€16,367
down €16,367 (-39.5%), from €41,431 to €25,065
of which Other amounts receivable: -€16,701
- Cash -€12,676
down €12,676 (-11.6%), from €108,955 to €96,279
mainly Contributions, distributions and other (-€84,237) and Deferred charges and accrued income (-€303)
- Receivables after one year -€10,465
down €10,465 (-100%), from €10,465 to €0
- Tangible fixed assets -€6,432
down €6,432 (-100%), from €6,432 to €0
- Reserves -€65,999
down €65,999 (-49.5%), from €133,461 to €67,462
- Other debts +€14,886
up €14,886 (+85.0%), from €17,511 to €32,396
- Trade debts +€4,775
up €4,775 (+174%), from €2,747 to €7,522
- Financial charges -€5,957
down €5,957 (-90.4%), from €6,593 to €636
- Gross operating margin +€2,844
up €2,844 (+9.3%), from €30,506 to €33,350
- Taxes +€2,334
up €2,334 (+44.9%), from €5,200 to €7,533
- Depreciation -€900
down €900 (-12.3%), from €7,332 to €6,432
- Other operating charges -€446
down €446 (-26.5%), from €1,685 to €1,238
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,911 | €123,274 | -€45,637 | -27.0% |
| Fixed assets | 21/28 | €6,432 | €0 | -€6,432 | -100% |
| Tangible fixed assets | 22/27 | €6,432 | €0 | -€6,432 | -100% |
| Furniture and vehicles | 24 | €6,432 | €0 | -€6,432 | -100% |
| Current assets | 29/58 | €162,480 | €123,274 | -€39,205 | -24.1% |
| Amounts receivable after more than one year | 29 | €10,465 | €0 | -€10,465 | -100% |
| Other amounts receivable | 291 | €10,465 | €0 | -€10,465 | -100% |
| Amounts receivable within one year | 40/41 | €41,431 | €25,065 | -€16,367 | -39.5% |
| Trade receivables | 40 | €24,730 | €25,065 | +€335 | +1.4% |
| Other amounts receivable | 41 | €16,701 | €0 | -€16,701 | -100% |
| Cash at bank and in hand | 54/58 | €108,955 | €96,279 | -€12,676 | -11.6% |
| Deferred charges and accrued income | 490/1 | €1,628 | €1,931 | +€303 | +18.6% |
| Total equity and liabilities | 10/49 | €168,911 | €123,274 | -€45,637 | -27.0% |
| Equity | 10/15 | €139,711 | €73,712 | -€65,999 | -47.2% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €133,461 | €67,462 | -€65,999 | -49.5% |
| Distributable reserves | 133 | €133,461 | €67,462 | -€65,999 | -49.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,200 | €49,562 | +€20,362 | +69.7% |
| Amounts payable within one year | 42/48 | €28,937 | €49,246 | +€20,308 | +70.2% |
| Trade debts | 44 | €2,747 | €7,522 | +€4,775 | +174% |
| Suppliers | 440/4 | €2,747 | €7,522 | +€4,775 | +174% |
| Taxes, remuneration and social security | 45 | €8,680 | €9,327 | +€648 | +7.5% |
| Taxes | 450/3 | €8,680 | €9,327 | +€648 | +7.5% |
| Other amounts payable | 47/48 | €17,511 | €32,396 | +€14,886 | +85.0% |
| Accrued charges and deferred income | 492/3 | €263 | €317 | +€54 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,332 | €6,432 | -€900 | -12.3% |
| Other operating charges | 640/8 | €1,685 | €1,238 | -€446 | -26.5% |
| Gross operating margin | 9900 | €30,506 | €33,350 | +€2,844 | +9.3% |
| Operating profit (loss) | 9901 | €21,490 | €25,680 | +€4,190 | +19.5% |
| Financial income | 75/76B | €987 | €727 | -€260 | -26.4% |
| Recurring financial income | 75 | €987 | €727 | -€260 | -26.4% |
| Financial charges | 65/66B | €6,593 | €636 | -€5,957 | -90.4% |
| Recurring financial charges | 65 | €6,593 | €636 | -€5,957 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €15,884 | €25,771 | +€9,887 | +62.2% |
| Income taxes | 67/77 | €5,200 | €7,533 | +€2,334 | +44.9% |
| Profit (loss) for the period | 9904 | €10,684 | €18,237 | +€7,553 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,684 | €18,237 | +€7,553 | +70.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.