TopheGear: 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.
TopheGear
Largest movements
- Receivables within one year +€11,086
up €11,086 (+66.8%), from €16,587 to €27,673
of which Other amounts receivable: +€13,393
- Cash +€8,820
up €8,820 (+78.7%), from €11,209 to €20,029
mainly Net result for the year (+€22,699) and Other debts (+€10,000)
- Tangible fixed assets +€656
new in 2025: €656
- Reserves +€12,699
up €12,699 (+92.6%), from €13,717 to €26,416
- Other debts +€10,000
new in 2025: €10,000
- Trade debts -€1,459
down €1,459 (-93.2%), from €1,565 to €106
- Gross operating margin +€9,381
up €9,381 (+53.1%), from €17,678 to €27,059
- Financial income +€442
up €442 (+1395.2%), from €32 to €473
- Financial charges +€370
up €370 (+347.6%), from €106 to €476
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 | €28,634 | €49,580 | +€20,946 | +73.2% |
| Fixed assets | 21/28 | - | €656 | +€656 | |
| Tangible fixed assets | 22/27 | - | €656 | +€656 | |
| Furniture and vehicles | 24 | - | €656 | +€656 | |
| Current assets | 29/58 | €28,634 | €48,924 | +€20,291 | +70.9% |
| Amounts receivable within one year | 40/41 | €16,587 | €27,673 | +€11,086 | +66.8% |
| Trade receivables | 40 | €13,197 | €10,890 | -€2,307 | -17.5% |
| Other amounts receivable | 41 | €3,390 | €16,783 | +€13,393 | +395.0% |
| Cash at bank and in hand | 54/58 | €11,209 | €20,029 | +€8,820 | +78.7% |
| Deferred charges and accrued income | 490/1 | €837 | €1,222 | +€385 | +45.9% |
| Total equity and liabilities | 10/49 | €28,634 | €49,580 | +€20,946 | +73.2% |
| Equity | 10/15 | €16,717 | €29,416 | +€12,699 | +76.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,717 | €26,416 | +€12,699 | +92.6% |
| Distributable reserves | 133 | €13,717 | €26,416 | +€12,699 | +92.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,917 | €20,164 | +€8,247 | +69.2% |
| Amounts payable within one year | 42/48 | €11,917 | €20,164 | +€8,247 | +69.2% |
| Trade debts | 44 | €1,565 | €106 | -€1,459 | -93.2% |
| Suppliers | 440/4 | €1,565 | €106 | -€1,459 | -93.2% |
| Taxes, remuneration and social security | 45 | €10,352 | €10,059 | -€294 | -2.8% |
| Taxes | 450/3 | €10,352 | €10,059 | -€294 | -2.8% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €209 | +€209 | |
| Other operating charges | 640/8 | €436 | €545 | +€109 | +24.9% |
| Gross operating margin | 9900 | €17,678 | €27,059 | +€9,381 | +53.1% |
| Operating profit (loss) | 9901 | €17,242 | €26,305 | +€9,063 | +52.6% |
| Financial income | 75/76B | €32 | €473 | +€442 | +1395.2% |
| Recurring financial income | 75 | €32 | €473 | +€442 | +1395.2% |
| Financial charges | 65/66B | €106 | €476 | +€370 | +347.6% |
| Recurring financial charges | 65 | €106 | €476 | +€370 | +347.6% |
| Profit (loss) for the period before taxes | 9903 | €17,167 | €26,302 | +€9,135 | +53.2% |
| Income taxes | 67/77 | €3,450 | €3,603 | +€153 | +4.4% |
| Profit (loss) for the period | 9904 | €13,717 | €22,699 | +€8,982 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,717 | €22,699 | +€8,982 | +65.5% |
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 5 October 2026 via checked.be.