TOPIC IT Advisory & Delivery: 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.
TOPIC IT Advisory & Delivery
Largest movements
- Financial fixed assets +€107,418
new in 2025: €107,418
- Receivables within one year -€104,481
down €104,481 (-20.5%), from €508,737 to €404,256
of which Trade receivables: -€80,997
- Cash -€98,715
down €98,715 (-99.0%), from €99,724 to €1,009
mainly Contributions, distributions and other (-€140,000) and Trade debts (-€124,761)
- Trade debts -€124,761
down €124,761 (-28.1%), from €444,694 to €319,933
- Other debts +€22,000
up €22,000 (+18.6%), from €118,000 to €140,000
- Financial charges -€89,914
down €89,914 (-99.6%), from €90,267 to €353
of which Non-recurring financial charges: -€90,000
- Write-downs +€41,322
no longer reported in 2025 (was -€41,322)
- Gross operating margin -€15,852
down €15,852 (-9.5%), from €166,192 to €150,340
- Other operating charges -€2,768
down €2,768 (-85.0%), from €3,255 to €487
- Taxes +€1,864
up €1,864 (+70.7%), from €2,635 to €4,498
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 | €718,934 | €623,212 | -€95,722 | -13.3% |
| Fixed assets | 21/28 | - | €107,418 | +€107,418 | |
| Financial fixed assets | 28 | - | €107,418 | +€107,418 | |
| Current assets | 29/58 | €718,934 | €515,795 | -€203,140 | -28.3% |
| Amounts receivable within one year | 40/41 | €508,737 | €404,256 | -€104,481 | -20.5% |
| Trade receivables | 40 | €456,397 | €375,401 | -€80,997 | -17.7% |
| Other amounts receivable | 41 | €52,340 | €28,855 | -€23,484 | -44.9% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,724 | €1,009 | -€98,715 | -99.0% |
| Deferred charges and accrued income | 490/1 | €10,473 | €10,529 | +€56 | +0.5% |
| Total equity and liabilities | 10/49 | €718,934 | €623,212 | -€95,722 | -13.3% |
| Equity | 10/15 | €66,240 | €73,279 | +€7,039 | +10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,920 | €4,920 | = | 0.0% |
| Distributable reserves | 133 | €4,920 | €4,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,120 | €62,159 | +€7,039 | +12.8% |
| Provisions and deferred taxes | 16 | €90,000 | €90,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €90,000 | €90,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable | 17/49 | €562,694 | €459,933 | -€102,761 | -18.3% |
| Amounts payable within one year | 42/48 | €562,694 | €459,933 | -€102,761 | -18.3% |
| Trade debts | 44 | €444,694 | €319,933 | -€124,761 | -28.1% |
| Suppliers | 440/4 | €444,694 | €319,933 | -€124,761 | -28.1% |
| Other amounts payable | 47/48 | €118,000 | €140,000 | +€22,000 | +18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€41,322 | - | +€41,322 | |
| Other operating charges | 640/8 | €3,255 | €487 | -€2,768 | -85.0% |
| Gross operating margin | 9900 | €166,192 | €150,340 | -€15,852 | -9.5% |
| Operating profit (loss) | 9901 | €204,259 | €149,852 | -€54,407 | -26.6% |
| Financial income | 75/76B | €1,581 | €2,039 | +€458 | +29.0% |
| Recurring financial income | 75 | €1,581 | €2,039 | +€458 | +29.0% |
| Financial charges | 65/66B | €90,267 | €353 | -€89,914 | -99.6% |
| Recurring financial charges | 65 | €267 | €353 | +€86 | +32.3% |
| Non-recurring financial charges | 66B | €90,000 | - | -€90,000 | |
| Profit (loss) for the period before taxes | 9903 | €115,573 | €151,538 | +€35,965 | +31.1% |
| Income taxes | 67/77 | €2,635 | €4,498 | +€1,864 | +70.7% |
| Profit (loss) for the period | 9904 | €112,938 | €147,039 | +€34,101 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €112,938 | €147,039 | +€34,101 | +30.2% |
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 15 October 2026 via checked.be.