TOPISSIME: 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.
TOPISSIME
Largest movements
- Stocks and contracts -€50,888
down €50,888 (-54.2%), from €93,861 to €42,973
- Receivables within one year +€32,680
up €32,680 (+691%), from €4,729 to €37,408
of which Trade receivables: +€32,896
- Intangible fixed assets -€31,000
down €31,000 (-95.5%), from €32,459 to €1,459
- Cash +€5,556
up €5,556 (+16.1%), from €34,523 to €40,079
mainly Stocks and contracts (+€50,888) and Depreciation (+€34,656)
- Tangible fixed assets -€3,656
down €3,656 (-37.2%), from €9,829 to €6,173
of which Furniture and vehicles: -€2,927
- Other debts -€24,475
down €24,475 (-29.3%), from €83,453 to €58,978
- Profit (loss) carried forward -€24,461
down €24,461 (-28.8%), from -€84,792 to -€109,253
- Trade debts +€12,860
up €12,860 (+43.4%), from €29,626 to €42,486
- Tax, wage and social debts -€8,371
down €8,371 (-22.3%), from €37,459 to €29,088
of which Remuneration and social security: -€8,805
- Staff costs -€39,301
down €39,301 (-39.1%), from €100,640 to €61,340
- Gross operating margin -€24,208
down €24,208 (-24.4%), from €99,125 to €74,918
- Depreciation -€3,960
down €3,960 (-10.3%), from €38,616 to €34,656
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 | €176,107 | €131,176 | -€44,931 | -25.5% |
| Fixed assets | 21/28 | €42,288 | €7,632 | -€34,656 | -82.0% |
| Intangible fixed assets | 21 | €32,459 | €1,459 | -€31,000 | -95.5% |
| Tangible fixed assets | 22/27 | €9,829 | €6,173 | -€3,656 | -37.2% |
| Furniture and vehicles | 24 | €5,899 | €2,973 | -€2,927 | -49.6% |
| Other tangible fixed assets | 26 | €3,929 | €3,200 | -€729 | -18.6% |
| Current assets | 29/58 | €133,819 | €123,544 | -€10,275 | -7.7% |
| Stocks and contracts in progress | 3 | €93,861 | €42,973 | -€50,888 | -54.2% |
| Stocks | 30/36 | €93,861 | €42,973 | -€50,888 | -54.2% |
| Amounts receivable within one year | 40/41 | €4,729 | €37,408 | +€32,680 | +691% |
| Trade receivables | 40 | €4,513 | €37,408 | +€32,896 | +729% |
| Other amounts receivable | 41 | €216 | €0 | -€216 | -100% |
| Cash at bank and in hand | 54/58 | €34,523 | €40,079 | +€5,556 | +16.1% |
| Deferred charges and accrued income | 490/1 | €706 | €3,083 | +€2,378 | +337% |
| Total equity and liabilities | 10/49 | €176,107 | €131,176 | -€44,931 | -25.5% |
| Equity | 10/15 | €24,839 | €378 | -€24,461 | -98.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,631 | €104,631 | = | 0.0% |
| Distributable reserves | 133 | €104,631 | €104,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,792 | -€109,253 | -€24,461 | -28.8% |
| Amounts payable | 17/49 | €151,268 | €130,797 | -€20,471 | -13.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €151,223 | €130,552 | -€20,671 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €685 | €0 | -€685 | -100% |
| Trade debts | 44 | €29,626 | €42,486 | +€12,860 | +43.4% |
| Suppliers | 440/4 | €29,626 | €42,486 | +€12,860 | +43.4% |
| Taxes, remuneration and social security | 45 | €37,459 | €29,088 | -€8,371 | -22.3% |
| Taxes | 450/3 | €22,026 | €22,459 | +€434 | +2.0% |
| Remuneration and social security | 454/9 | €15,433 | €6,628 | -€8,805 | -57.1% |
| Other amounts payable | 47/48 | €83,453 | €58,978 | -€24,475 | -29.3% |
| Accrued charges and deferred income | 492/3 | €45 | €246 | +€201 | +448% |
| Remuneration, social security and pensions | 62 | €100,640 | €61,340 | -€39,301 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,616 | €34,656 | -€3,960 | -10.3% |
| Other operating charges | 640/8 | €1,959 | €1,616 | -€342 | -17.5% |
| Gross operating margin | 9900 | €99,125 | €74,918 | -€24,208 | -24.4% |
| Operating profit (loss) | 9901 | -€42,089 | -€22,694 | +€19,395 | +46.1% |
| Financial income | 75/76B | €425 | €45 | -€380 | -89.5% |
| Recurring financial income | 75 | €425 | €45 | -€380 | -89.5% |
| Financial charges | 65/66B | €2,110 | €1,432 | -€678 | -32.1% |
| Recurring financial charges | 65 | €2,110 | €1,432 | -€678 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,774 | -€24,081 | +€19,693 | +45.0% |
| Income taxes | 67/77 | €244 | €379 | +€135 | +55.4% |
| Profit (loss) for the period | 9904 | -€44,018 | -€24,461 | +€19,558 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,018 | -€24,461 | +€19,558 | +44.4% |
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 18 October 2026 via checked.be.