TOPIA: 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.
TOPIA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€59,027
down €59,027, from €54,077 to -€4,950
- Financial charges -€3,535
down €3,535 (-99.1%), from €3,569 to €34
- Taxes -€2,772
down €2,772 (-95.0%), from €2,917 to €145
- Other operating charges -€1,389
down €1,389 (-70.3%), from €1,974 to €585
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 | €564,909 | €562,813 | -€2,096 | -0.4% |
| Fixed assets | 21/28 | €202,800 | €202,800 | = | 0.0% |
| Financial fixed assets | 28 | €202,800 | €202,800 | = | 0.0% |
| Current assets | 29/58 | €362,109 | €360,013 | -€2,096 | -0.6% |
| Amounts receivable within one year | 40/41 | €15,315 | €17,251 | +€1,937 | +12.6% |
| Other amounts receivable | 41 | €15,315 | €17,251 | +€1,937 | +12.6% |
| Current investments | 50/53 | €341,000 | €341,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,622 | €606 | -€4,015 | -86.9% |
| Deferred charges and accrued income | 490/1 | €1,173 | €1,155 | -€18 | -1.5% |
| Total equity and liabilities | 10/49 | €564,909 | €562,813 | -€2,096 | -0.4% |
| Equity | 10/15 | €560,456 | €560,890 | +€434 | +0.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €541,906 | €542,340 | +€434 | +0.1% |
| Distributable reserves | 133 | €541,906 | €542,340 | +€434 | +0.1% |
| Amounts payable | 17/49 | €4,454 | €1,923 | -€2,531 | -56.8% |
| Amounts payable within one year | 42/48 | €2,699 | €1,923 | -€776 | -28.8% |
| Trade debts | 44 | €1,351 | €575 | -€776 | -57.5% |
| Suppliers | 440/4 | €1,351 | €575 | -€776 | -57.5% |
| Taxes, remuneration and social security | 45 | €1,349 | €1,349 | = | 0.0% |
| Taxes | 450/3 | €1,349 | €1,349 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,755 | - | -€1,755 | |
| Non-recurring operating income | 76A | €75,908 | - | -€75,908 | |
| Other operating charges | 640/8 | €1,974 | €585 | -€1,389 | -70.3% |
| Gross operating margin | 9900 | €54,077 | -€4,950 | -€59,027 | |
| Operating profit (loss) | 9901 | €52,103 | -€5,536 | -€57,639 | |
| Financial income | 75/76B | €5,961 | €6,148 | +€188 | +3.2% |
| Recurring financial income | 75 | €5,961 | €6,148 | +€188 | +3.2% |
| Financial charges | 65/66B | €3,569 | €34 | -€3,535 | -99.1% |
| Recurring financial charges | 65 | €3,569 | €34 | -€3,535 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €54,495 | €579 | -€53,916 | -98.9% |
| Income taxes | 67/77 | €2,917 | €145 | -€2,772 | -95.0% |
| Profit (loss) for the period | 9904 | €51,578 | €434 | -€51,144 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,578 | €434 | -€51,144 | -99.2% |
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 4 October 2026 via checked.be.