TOPIMMO LUX: 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 LUX
Largest movements
- Intangible fixed assets -€28,571
down €28,571 (-22.7%), from €126,014 to €97,442
- Receivables within one year -€15,538
no longer reported in 2025 (was €15,538)
- Cash -€4,126
down €4,126 (-34.7%), from €11,883 to €7,757
mainly Net result for the year (-€48,674) and Debts after one year (-€29,679)
- Tangible fixed assets -€3,693
down €3,693 (-17.0%), from €21,713 to €18,020
of which Plant, machinery and equipment: -€2,652
- Profit (loss) carried forward -€48,674
down €48,674 (-150%), from -€32,514 to -€81,187
- Other debts +€37,950
up €37,950 (+380%), from €10,000 to €47,950
- Debts after one year -€29,679
down €29,679 (-29.2%), from €101,501 to €71,822
- Current portion of long-term debt -€6,573
down €6,573 (-18.6%), from €35,419 to €28,846
- Trade debts -€5,108
down €5,108 (-10.0%), from €50,898 to €45,790
- Gross operating margin -€235,348
down €235,348 (-99.7%), from €236,172 to €824
- Staff costs -€123,408
down €123,408 (-99.2%), from €124,351 to €943
- Taxes +€11,808
up €11,808 (+922%), from €1,280 to €13,089
- Financial charges -€3,047
down €3,047 (-57.2%), from €5,326 to €2,279
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 | €175,463 | €123,220 | -€52,244 | -29.8% |
| Fixed assets | 21/28 | €147,954 | €115,463 | -€32,492 | -22.0% |
| Intangible fixed assets | 21 | €126,014 | €97,442 | -€28,571 | -22.7% |
| Tangible fixed assets | 22/27 | €21,713 | €18,020 | -€3,693 | -17.0% |
| Plant, machinery and equipment | 23 | €20,391 | €17,739 | -€2,652 | -13.0% |
| Furniture and vehicles | 24 | €1,322 | €281 | -€1,041 | -78.7% |
| Financial fixed assets | 28 | €228 | - | -€228 | |
| Current assets | 29/58 | €27,509 | €7,757 | -€19,752 | -71.8% |
| Amounts receivable within one year | 40/41 | €15,538 | - | -€15,538 | |
| Other amounts receivable | 41 | €15,538 | - | -€15,538 | |
| Cash at bank and in hand | 54/58 | €11,883 | €7,757 | -€4,126 | -34.7% |
| Deferred charges and accrued income | 490/1 | €87 | - | -€87 | |
| Total equity and liabilities | 10/49 | €175,463 | €123,220 | -€52,244 | -29.8% |
| Equity | 10/15 | -€22,514 | -€71,187 | -€48,674 | -216% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,514 | -€81,187 | -€48,674 | -150% |
| Amounts payable | 17/49 | €197,977 | €194,407 | -€3,570 | -1.8% |
| Amounts payable after more than one year | 17 | €101,501 | €71,822 | -€29,679 | -29.2% |
| Financial debts | 170/4 | €101,501 | €71,822 | -€29,679 | -29.2% |
| Amounts payable within one year | 42/48 | €96,477 | €122,585 | +€26,109 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €35,419 | €28,846 | -€6,573 | -18.6% |
| Trade debts | 44 | €50,898 | €45,790 | -€5,108 | -10.0% |
| Suppliers | 440/4 | €50,898 | €45,790 | -€5,108 | -10.0% |
| Taxes, remuneration and social security | 45 | €160 | - | -€160 | |
| Remuneration and social security | 454/9 | €160 | - | -€160 | |
| Other amounts payable | 47/48 | €10,000 | €47,950 | +€37,950 | +380% |
| Remuneration, social security and pensions | 62 | €124,351 | €943 | -€123,408 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,264 | €32,264 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €5,998 | €523 | -€5,475 | -91.3% |
| Gross operating margin | 9900 | €236,172 | €824 | -€235,348 | -99.7% |
| Operating profit (loss) | 9901 | €73,171 | -€33,306 | -€106,477 | |
| Financial income | 75/76B | €79 | - | -€79 | |
| Recurring financial income | 75 | €79 | - | -€79 | |
| Financial charges | 65/66B | €5,326 | €2,279 | -€3,047 | -57.2% |
| Recurring financial charges | 65 | €5,326 | €2,279 | -€3,047 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €67,924 | -€35,585 | -€103,509 | |
| Income taxes | 67/77 | €1,280 | €13,089 | +€11,808 | +922% |
| Profit (loss) for the period | 9904 | €66,644 | -€48,674 | -€115,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,644 | -€48,674 | -€115,318 |
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 26 October 2026 via checked.be.