TOPINFIS: 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.
TOPINFIS
Largest movements
- Deferred charges and accrued income +€111,383
up €111,383 (+10387.7%), from €1,072 to €112,455
- Intangible fixed assets -€25,000
down €25,000 (-20.0%), from €125,000 to €100,000
- Cash -€15,948
down €15,948 (-90.3%), from €17,665 to €1,718
mainly Deferred charges and accrued income (-€111,383) and Debts after one year (-€37,222)
- Receivables within one year +€9,256
up €9,256 (+65.2%), from €14,195 to €23,451
of which Other amounts receivable: +€6,756
- Accrued charges and deferred income +€98,568
new in 2025: €98,568
- Debts after one year -€37,222
down €37,222 (-70.3%), from €52,911 to €15,689
- Other debts +€12,044
up €12,044 (+382.8%), from €3,147 to €15,191
- Current portion of long-term debt +€6,599
up €6,599 (+13.6%), from €48,623 to €55,222
- Gross operating margin -€23,467
down €23,467 (-38.5%), from €60,913 to €37,446
- Taxes -€5,286
down €5,286 (-69.0%), from €7,665 to €2,379
- Other operating charges +€3,315
up €3,315 (+308.9%), from €1,073 to €4,389
- Depreciation -€714
down €714 (-2.5%), from €28,185 to €27,471
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 | €161,474 | €241,204 | +€79,730 | +49.4% |
| Formation expenses | 20 | €56 | - | -€56 | |
| Fixed assets | 21/28 | €128,485 | €103,580 | -€24,905 | -19.4% |
| Intangible fixed assets | 21 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Tangible fixed assets | 22/27 | €3,485 | €3,580 | +€95 | +2.7% |
| Furniture and vehicles | 24 | €3,485 | €3,580 | +€95 | +2.7% |
| Current assets | 29/58 | €32,933 | €137,624 | +€104,691 | +317.9% |
| Amounts receivable within one year | 40/41 | €14,195 | €23,451 | +€9,256 | +65.2% |
| Trade receivables | 40 | €1,000 | €3,500 | +€2,500 | +250.0% |
| Other amounts receivable | 41 | €13,195 | €19,951 | +€6,756 | +51.2% |
| Cash at bank and in hand | 54/58 | €17,665 | €1,718 | -€15,948 | -90.3% |
| Deferred charges and accrued income | 490/1 | €1,072 | €112,455 | +€111,383 | +10387.7% |
| Total equity and liabilities | 10/49 | €161,474 | €241,204 | +€79,730 | +49.4% |
| Equity | 10/15 | €48,539 | €48,030 | -€509 | -1.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,280 | €16,280 | = | 0.0% |
| Distributable reserves | 133 | €16,280 | €16,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,259 | €28,750 | -€509 | -1.7% |
| Amounts payable | 17/49 | €112,935 | €193,174 | +€80,239 | +71.0% |
| Amounts payable after more than one year | 17 | €52,911 | €15,689 | -€37,222 | -70.3% |
| Financial debts | 170/4 | €52,911 | €15,689 | -€37,222 | -70.3% |
| Amounts payable within one year | 42/48 | €60,024 | €78,918 | +€18,894 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €48,623 | €55,222 | +€6,599 | +13.6% |
| Trade debts | 44 | €8,254 | €8,504 | +€250 | +3.0% |
| Suppliers | 440/4 | €8,254 | €8,504 | +€250 | +3.0% |
| Other amounts payable | 47/48 | €3,147 | €15,191 | +€12,044 | +382.8% |
| Accrued charges and deferred income | 492/3 | - | €98,568 | +€98,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,185 | €27,471 | -€714 | -2.5% |
| Other operating charges | 640/8 | €1,073 | €4,389 | +€3,315 | +308.9% |
| Gross operating margin | 9900 | €60,913 | €37,446 | -€23,467 | -38.5% |
| Operating profit (loss) | 9901 | €31,655 | €5,586 | -€26,069 | -82.4% |
| Financial charges | 65/66B | €3,494 | €3,716 | +€221 | +6.3% |
| Recurring financial charges | 65 | €3,494 | €3,716 | +€221 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €28,160 | €1,870 | -€26,290 | -93.4% |
| Income taxes | 67/77 | €7,665 | €2,379 | -€5,286 | -69.0% |
| Profit (loss) for the period | 9904 | €20,495 | -€509 | -€21,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,495 | -€509 | -€21,004 |
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 3 October 2026 via checked.be.