TOPHOUSE INTERIOR: 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.
TOPHOUSE INTERIOR
Largest movements
- Tangible fixed assets -€73,345
down €73,345 (-25.8%), from €284,182 to €210,837
of which Land and buildings: -€74,068
- Cash -€55,625
down €55,625 (-58.8%), from €94,659 to €39,034
mainly Short-term financial debts (-€170,000) and Advances received (-€100,000)
- Reserves +€172,272
up €172,272 (+139%), from €124,084 to €296,356
of which Tax-exempt reserves: +€153,079
- Short-term financial debts -€170,000
no longer reported in 2025 (was €170,000)
- Advances received -€100,000
no longer reported in 2025 (was €100,000)
- Profit (loss) carried forward -€58,557
down €58,557 (-109%), from -€53,605 to -€112,162
- Provisions +€51,026
new in 2025: €51,026
- Gross operating margin +€174,002
up €174,002 (+844%), from €20,626 to €194,627
- Financial charges +€22,254
up €22,254 (+125%), from €17,741 to €39,995
of which Non-recurring financial charges: +€26,720
- Depreciation -€6,950
down €6,950 (-48.3%), from €14,400 to €7,449
- Other operating charges -€2,555
down €2,555 (-61.0%), from €4,190 to €1,635
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 | €379,206 | €253,820 | -€125,386 | -33.1% |
| Fixed assets | 21/28 | €284,182 | €210,837 | -€73,345 | -25.8% |
| Tangible fixed assets | 22/27 | €284,182 | €210,837 | -€73,345 | -25.8% |
| Land and buildings | 22 | €284,182 | €210,114 | -€74,068 | -26.1% |
| Plant, machinery and equipment | 23 | - | €526 | +€526 | |
| Furniture and vehicles | 24 | - | €197 | +€197 | |
| Current assets | 29/58 | €95,024 | €42,983 | -€52,041 | -54.8% |
| Amounts receivable within one year | 40/41 | €365 | €3,249 | +€2,883 | +789% |
| Other amounts receivable | 41 | €365 | €3,249 | +€2,883 | +789% |
| Current investments | 50/53 | - | €600 | +€600 | |
| Cash at bank and in hand | 54/58 | €94,659 | €39,034 | -€55,625 | -58.8% |
| Deferred charges and accrued income | 490/1 | - | €101 | +€101 | |
| Total equity and liabilities | 10/49 | €379,206 | €253,820 | -€125,386 | -33.1% |
| Equity | 10/15 | €108,272 | €202,794 | +€94,522 | +87.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €19,194 | €0 | -€19,194 | -100% |
| Reserves | 13 | €124,084 | €296,356 | +€172,272 | +139% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €153,079 | +€153,079 | |
| Distributable reserves | 133 | €122,224 | €141,417 | +€19,194 | +15.7% |
| Profit (loss) carried forward | 14 | -€53,605 | -€112,162 | -€58,557 | -109% |
| Provisions and deferred taxes | 16 | - | €51,026 | +€51,026 | |
| Deferred taxes | 168 | - | €51,026 | +€51,026 | |
| Amounts payable | 17/49 | €270,934 | - | -€270,934 | |
| Amounts payable within one year | 42/48 | €270,034 | - | -€270,034 | |
| Financial debts | 43 | €170,000 | - | -€170,000 | |
| Credit institutions | 430/8 | €170,000 | - | -€170,000 | |
| Trade debts | 44 | €34 | - | -€34 | |
| Suppliers | 440/4 | €34 | - | -€34 | |
| Advances received on contracts in progress | 46 | €100,000 | - | -€100,000 | |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Non-recurring operating income | 76A | - | €204,105 | +€204,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,400 | €7,449 | -€6,950 | -48.3% |
| Other operating charges | 640/8 | €4,190 | €1,635 | -€2,555 | -61.0% |
| Gross operating margin | 9900 | €20,626 | €194,627 | +€174,002 | +844% |
| Operating profit (loss) | 9901 | €2,037 | €185,543 | +€183,506 | +9,010% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.0% |
| Financial charges | 65/66B | €17,741 | €39,995 | +€22,254 | +125% |
| Recurring financial charges | 65 | €15,661 | €11,195 | -€4,466 | -28.5% |
| Non-recurring financial charges | 66B | €2,080 | €28,800 | +€26,720 | +1,285% |
| Profit (loss) for the period before taxes | 9903 | -€15,704 | €145,548 | +€161,252 | |
| Transfer to deferred taxes | 680 | - | €51,026 | +€51,026 | |
| Profit (loss) for the period | 9904 | -€15,704 | €94,522 | +€110,226 | |
| Transfer to tax-exempt reserves | 689 | - | €153,079 | +€153,079 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,704 | -€58,557 | -€42,852 | -273% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.