TOPIMMO: 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.
TOPIMMO
Largest movements
- Cash -€90,203
down €90,203 (-98.6%), from €91,492 to €1,290
mainly Receivables within one year (-€71,805) and Debts after one year (-€52,249)
- Receivables within one year +€71,805
up €71,805 (+162%), from €44,232 to €116,037
of which Other amounts receivable: +€68,662
- Tangible fixed assets -€19,655
down €19,655 (-2.8%), from €694,094 to €674,439
of which Land and buildings: -€31,998
- Debts after one year -€52,249
down €52,249 (-12.1%), from €432,115 to €379,866
- Other debts +€20,000
new in 2025: €20,000
- Gross operating margin -€39,373
down €39,373 (-34.0%), from €115,850 to €76,477
- Staff costs -€6,216
down €6,216 (-16.8%), from €36,909 to €30,693
- Taxes -€1,368
down €1,368 (-55.7%), from €2,457 to €1,089
- Other operating charges -€1,356
down €1,356 (-12.1%), from €11,244 to €9,888
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 | €834,079 | €792,435 | -€41,644 | -5.0% |
| Fixed assets | 21/28 | €694,391 | €674,736 | -€19,655 | -2.8% |
| Tangible fixed assets | 22/27 | €694,094 | €674,439 | -€19,655 | -2.8% |
| Land and buildings | 22 | €688,172 | €656,174 | -€31,998 | -4.6% |
| Plant, machinery and equipment | 23 | €1,105 | €16,469 | +€15,364 | +1,390% |
| Furniture and vehicles | 24 | €4,816 | €1,796 | -€3,020 | -62.7% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €139,688 | €117,699 | -€21,990 | -15.7% |
| Stocks and contracts in progress | 3 | €3,711 | - | -€3,711 | |
| Stocks | 30/36 | €3,711 | - | -€3,711 | |
| Amounts receivable within one year | 40/41 | €44,232 | €116,037 | +€71,805 | +162% |
| Trade receivables | 40 | €28,065 | €31,208 | +€3,143 | +11.2% |
| Other amounts receivable | 41 | €16,166 | €84,829 | +€68,662 | +425% |
| Cash at bank and in hand | 54/58 | €91,492 | €1,290 | -€90,203 | -98.6% |
| Deferred charges and accrued income | 490/1 | €253 | €373 | +€119 | +47.0% |
| Total equity and liabilities | 10/49 | €834,079 | €792,435 | -€41,644 | -5.0% |
| Equity | 10/15 | €294,864 | €288,667 | -€6,197 | -2.1% |
| Contributions | 10/11 | €80,594 | €80,594 | = | 0.0% |
| Reserves | 13 | €184,947 | €179,408 | -€5,539 | -3.0% |
| Non-distributable reserves | 130/1 | €8,059 | €8,059 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,059 | €8,059 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,043 | €70,504 | -€5,539 | -7.3% |
| Distributable reserves | 133 | €100,845 | €100,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,323 | €28,665 | -€658 | -2.2% |
| Provisions and deferred taxes | 16 | €42,008 | €36,304 | -€5,704 | -13.6% |
| Deferred taxes | 168 | €42,008 | €36,304 | -€5,704 | -13.6% |
| Amounts payable | 17/49 | €497,207 | €467,463 | -€29,743 | -6.0% |
| Amounts payable after more than one year | 17 | €432,115 | €379,866 | -€52,249 | -12.1% |
| Financial debts | 170/4 | €432,115 | €379,866 | -€52,249 | -12.1% |
| Amounts payable within one year | 42/48 | €65,092 | €87,597 | +€22,505 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €50,682 | €51,582 | +€900 | +1.8% |
| Trade debts | 44 | €3,275 | €4,728 | +€1,453 | +44.4% |
| Suppliers | 440/4 | €3,275 | €4,728 | +€1,453 | +44.4% |
| Taxes, remuneration and social security | 45 | €11,136 | €11,287 | +€151 | +1.4% |
| Taxes | 450/3 | €5,543 | €5,059 | -€484 | -8.7% |
| Remuneration and social security | 454/9 | €5,593 | €6,229 | +€636 | +11.4% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | €4,382 | - | -€4,382 | |
| Remuneration, social security and pensions | 62 | €36,909 | €30,693 | -€6,216 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,722 | €36,030 | -€692 | -1.9% |
| Other operating charges | 640/8 | €11,244 | €9,888 | -€1,356 | -12.1% |
| Non-recurring operating charges | 66A | €11,542 | €1,219 | -€10,322 | -89.4% |
| Gross operating margin | 9900 | €115,850 | €76,477 | -€39,373 | -34.0% |
| Operating profit (loss) | 9901 | €19,434 | -€1,353 | -€20,787 | |
| Financial income | 75/76B | €117 | €0 | -€117 | -100.0% |
| Recurring financial income | 75 | €117 | €0 | -€117 | -100.0% |
| Financial charges | 65/66B | €10,157 | €9,459 | -€698 | -6.9% |
| Recurring financial charges | 65 | €10,157 | €9,459 | -€698 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €9,394 | -€10,812 | -€20,205 | |
| Transfer from deferred taxes | 780 | - | €5,704 | +€5,704 | |
| Income taxes | 67/77 | €2,457 | €1,089 | -€1,368 | -55.7% |
| Profit (loss) for the period | 9904 | €6,936 | -€6,197 | -€13,133 | |
| Transfer from tax-exempt reserves | 789 | €5,539 | €5,539 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,475 | -€658 | -€13,133 |
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 14 October 2026 via checked.be.