Tophida: 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.
Tophida
Largest movements
- Cash -€77,903
down €77,903 (-87.4%), from €89,164 to €11,261
mainly Debts after one year (-€96,000) and Receivables within one year (-€6,672)
- Tangible fixed assets -€13,115
down €13,115 (-25.5%), from €51,391 to €38,276
- Receivables within one year +€6,672
up €6,672 (+264.9%), from €2,518 to €9,190
of which Trade receivables: +€6,690
- Debts after one year -€96,000
down €96,000 (-64.0%), from €149,900 to €53,900
- Other debts +€8,493
new in 2025: €8,493
- Tax, wage and social debts +€1,647
up €1,647 (+10.8%), from €15,222 to €16,868
of which Remuneration and social security: +€2,284
- Gross operating margin +€15,296
up €15,296 (+32.5%), from €47,050 to €62,345
- Staff costs +€12,963
up €12,963 (+42.8%), from €30,305 to €43,268
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 | €143,240 | €58,894 | -€84,346 | -58.9% |
| Fixed assets | 21/28 | €51,558 | €38,443 | -€13,115 | -25.4% |
| Tangible fixed assets | 22/27 | €51,391 | €38,276 | -€13,115 | -25.5% |
| Other tangible fixed assets | 26 | €51,391 | €38,276 | -€13,115 | -25.5% |
| Financial fixed assets | 28 | €167 | €167 | = | 0.0% |
| Current assets | 29/58 | €91,682 | €20,451 | -€71,232 | -77.7% |
| Amounts receivable within one year | 40/41 | €2,518 | €9,190 | +€6,672 | +264.9% |
| Trade receivables | 40 | €2,500 | €9,190 | +€6,690 | +267.6% |
| Other amounts receivable | 41 | €18 | - | -€18 | |
| Cash at bank and in hand | 54/58 | €89,164 | €11,261 | -€77,903 | -87.4% |
| Total equity and liabilities | 10/49 | €143,240 | €58,894 | -€84,346 | -58.9% |
| Equity | 10/15 | -€25,636 | -€24,227 | +€1,409 | +5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €183 | €183 | = | 0.0% |
| Tax-exempt reserves | 132 | €183 | €183 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,411 | -€43,002 | +€1,409 | +3.2% |
| Amounts payable | 17/49 | €168,876 | €83,121 | -€85,755 | -50.8% |
| Amounts payable after more than one year | 17 | €149,900 | €53,900 | -€96,000 | -64.0% |
| Financial debts | 170/4 | €149,900 | €53,900 | -€96,000 | -64.0% |
| Amounts payable within one year | 42/48 | €18,976 | €29,221 | +€10,245 | +54.0% |
| Trade debts | 44 | €3,754 | €3,860 | +€105 | +2.8% |
| Suppliers | 440/4 | €3,754 | €3,860 | +€105 | +2.8% |
| Taxes, remuneration and social security | 45 | €15,222 | €16,868 | +€1,647 | +10.8% |
| Taxes | 450/3 | €8,443 | €7,806 | -€637 | -7.5% |
| Remuneration and social security | 454/9 | €6,778 | €9,062 | +€2,284 | +33.7% |
| Other amounts payable | 47/48 | - | €8,493 | +€8,493 | |
| Remuneration, social security and pensions | 62 | €30,305 | €43,268 | +€12,963 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,115 | €13,115 | = | 0.0% |
| Other operating charges | 640/8 | €4,111 | €4,494 | +€383 | +9.3% |
| Gross operating margin | 9900 | €47,050 | €62,345 | +€15,296 | +32.5% |
| Operating profit (loss) | 9901 | -€481 | €1,468 | +€1,949 | |
| Financial charges | 65/66B | €71 | €59 | -€12 | -16.6% |
| Recurring financial charges | 65 | €71 | €59 | -€12 | -16.7% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€552 | €1,409 | +€1,961 | |
| Profit (loss) for the period | 9904 | -€552 | €1,409 | +€1,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€552 | €1,409 | +€1,961 |
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.