TOPINVEST: what changed
TOPINVEST
Largest movements
- Receivables within one year -€41,207
down €41,207 (-11.0%), from €374,951 to €333,744
- Cash +€17,786
up €17,786 (+1,203%), from €1,478 to €19,264
mainly Receivables within one year (+€41,207) and Accrued charges and deferred income (+€11,453)
- Reserves -€21,869
down €21,869 (-6.6%), from €332,301 to €310,432
- Other debts -€13,013
down €13,013 (-100%), from €13,013 to €0
- Accrued charges and deferred income +€11,453
up €11,453 (+1,100%), from €1,041 to €12,494
- Gross operating margin -€44,393
down €44,393, from €23,079 to -€21,314
- Taxes -€9,498
down €9,498 (-100%), from €9,498 to €0
- Financial income -€7,180
down €7,180 (-52.3%), from €13,727 to €6,547
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,368 | €353,971 | -€23,397 | -6.2% |
| Current assets | 29/58 | €377,368 | €353,971 | -€23,397 | -6.2% |
| Amounts receivable within one year | 40/41 | €374,951 | €333,744 | -€41,207 | -11.0% |
| Other amounts receivable | 41 | €374,951 | €333,744 | -€41,207 | -11.0% |
| Cash at bank and in hand | 54/58 | €1,478 | €19,264 | +€17,786 | +1,203% |
| Deferred charges and accrued income | 490/1 | €940 | €964 | +€24 | +2.6% |
| Total equity and liabilities | 10/49 | €377,368 | €353,971 | -€23,397 | -6.2% |
| Equity | 10/15 | €363,315 | €341,446 | -€21,869 | -6.0% |
| Contributions | 10/11 | €31,013 | €31,013 | = | 0.0% |
| Reserves | 13 | €332,301 | €310,432 | -€21,869 | -6.6% |
| Distributable reserves | 133 | €332,301 | €310,432 | -€21,869 | -6.6% |
| Amounts payable | 17/49 | €14,054 | €12,526 | -€1,528 | -10.9% |
| Amounts payable within one year | 42/48 | €13,013 | €32 | -€12,981 | -99.8% |
| Trade debts | 44 | - | €32 | +€32 | |
| Suppliers | 440/4 | - | €32 | +€32 | |
| Other amounts payable | 47/48 | €13,013 | €0 | -€13,013 | -100% |
| Accrued charges and deferred income | 492/3 | €1,041 | €12,494 | +€11,453 | +1,100% |
| Other operating charges | 640/8 | €6,880 | €7,094 | +€214 | +3.1% |
| Gross operating margin | 9900 | €23,079 | -€21,314 | -€44,393 | |
| Operating profit (loss) | 9901 | €16,199 | -€28,408 | -€44,607 | |
| Financial income | 75/76B | €13,727 | €6,547 | -€7,180 | -52.3% |
| Recurring financial income | 75 | €13,727 | €6,547 | -€7,180 | -52.3% |
| Financial charges | 65/66B | €75 | €7 | -€68 | -90.4% |
| Recurring financial charges | 65 | €75 | €7 | -€68 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €29,850 | -€21,869 | -€51,719 | |
| Income taxes | 67/77 | €9,498 | €0 | -€9,498 | -100% |
| Profit (loss) for the period | 9904 | €20,352 | -€21,869 | -€42,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,352 | -€21,869 | -€42,221 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.