TOPINFI: 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.
TOPINFI
Largest movements
- Receivables within one year -€60,005
down €60,005 (-37.2%), from €161,226 to €101,220
- Cash +€45,574
up €45,574 (+61.5%), from €74,108 to €119,681
mainly Net result for the year (+€66,397) and Receivables within one year (+€60,005)
- Receivables after one year -€40,000
down €40,000 (-52.6%), from €76,000 to €36,000
- Tangible fixed assets -€7,490
down €7,490 (-11.5%), from €65,059 to €57,569
of which Furniture and vehicles: -€13,553
- Deferred charges and accrued income -€4,611
down €4,611 (-23.6%), from €19,514 to €14,903
- Reserves -€50,278
down €50,278 (-17.4%), from €288,419 to €238,141
of which Distributable reserves: -€44,698
- Other debts -€11,271
no longer reported in 2025 (was €11,271)
- Debts after one year -€8,834
down €8,834 (-43.3%), from €20,416 to €11,583
- Gross operating margin +€13,499
up €13,499 (+14.5%), from €93,202 to €106,702
- Depreciation +€5,755
up €5,755 (+46.2%), from €12,463 to €18,218
- Taxes +€5,641
up €5,641 (+20.5%), from €27,578 to €33,219
- Financial income +€4,057
up €4,057 (+48.4%), from €8,389 to €12,446
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 | €395,906 | €329,373 | -€66,533 | -16.8% |
| Fixed assets | 21/28 | €65,059 | €57,569 | -€7,490 | -11.5% |
| Tangible fixed assets | 22/27 | €65,059 | €57,569 | -€7,490 | -11.5% |
| Plant, machinery and equipment | 23 | €714 | €1,490 | +€776 | +108.7% |
| Furniture and vehicles | 24 | €56,707 | €43,154 | -€13,553 | -23.9% |
| Other tangible fixed assets | 26 | €7,637 | €12,925 | +€5,288 | +69.2% |
| Current assets | 29/58 | €330,848 | €271,805 | -€59,043 | -17.8% |
| Amounts receivable after more than one year | 29 | €76,000 | €36,000 | -€40,000 | -52.6% |
| Other amounts receivable | 291 | €76,000 | €36,000 | -€40,000 | -52.6% |
| Amounts receivable within one year | 40/41 | €161,226 | €101,220 | -€60,005 | -37.2% |
| Other amounts receivable | 41 | €161,226 | €101,220 | -€60,005 | -37.2% |
| Cash at bank and in hand | 54/58 | €74,108 | €119,681 | +€45,574 | +61.5% |
| Deferred charges and accrued income | 490/1 | €19,514 | €14,903 | -€4,611 | -23.6% |
| Total equity and liabilities | 10/49 | €395,906 | €329,373 | -€66,533 | -16.8% |
| Equity | 10/15 | €344,517 | €294,239 | -€50,278 | -14.6% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €288,419 | €238,141 | -€50,278 | -17.4% |
| Non-distributable reserves | 130/1 | €5,580 | - | -€5,580 | |
| Reserves not available under the articles | 1311 | €5,580 | - | -€5,580 | |
| Distributable reserves | 133 | €282,839 | €238,141 | -€44,698 | -15.8% |
| Profit (loss) carried forward | 14 | €298 | €298 | = | 0.0% |
| Amounts payable | 17/49 | €51,389 | €35,134 | -€16,255 | -31.6% |
| Amounts payable after more than one year | 17 | €20,416 | €11,583 | -€8,834 | -43.3% |
| Financial debts | 170/4 | €20,416 | €11,583 | -€8,834 | -43.3% |
| Amounts payable within one year | 42/48 | €30,973 | €23,552 | -€7,421 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €8,466 | €8,834 | +€367 | +4.3% |
| Trade debts | 44 | €249 | €261 | +€12 | +4.6% |
| Suppliers | 440/4 | €249 | €261 | +€12 | +4.6% |
| Taxes, remuneration and social security | 45 | €10,986 | €14,457 | +€3,471 | +31.6% |
| Taxes | 450/3 | €10,986 | €14,457 | +€3,471 | +31.6% |
| Other amounts payable | 47/48 | €11,271 | - | -€11,271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,463 | €18,218 | +€5,755 | +46.2% |
| Other operating charges | 640/8 | €63 | €63 | +€0 | +0.5% |
| Gross operating margin | 9900 | €93,202 | €106,702 | +€13,499 | +14.5% |
| Operating profit (loss) | 9901 | €80,677 | €88,420 | +€7,744 | +9.6% |
| Financial income | 75/76B | €8,389 | €12,446 | +€4,057 | +48.4% |
| Recurring financial income | 75 | €8,389 | €12,446 | +€4,057 | +48.4% |
| Financial charges | 65/66B | €1,001 | €1,250 | +€250 | +24.9% |
| Recurring financial charges | 65 | €1,001 | €1,250 | +€250 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €88,065 | €99,616 | +€11,551 | +13.1% |
| Income taxes | 67/77 | €27,578 | €33,219 | +€5,641 | +20.5% |
| Profit (loss) for the period | 9904 | €60,487 | €66,397 | +€5,910 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,487 | €66,397 | +€5,910 | +9.8% |
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 5 October 2026 via checked.be.