TOPKIA: 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.
TOPKIA
Largest movements
- Tangible fixed assets +€27,269
up €27,269 (+76.3%), from €35,725 to €62,994
of which Furniture and vehicles: +€27,626
- Cash -€19,505
down €19,505 (-51.1%), from €38,197 to €18,692
mainly Investment in fixed assets (net) (-€40,146) and Net result for the year (-€10,519)
- Receivables after one year -€8,500
down €8,500 (-40.7%), from €20,875 to €12,375
- Receivables within one year +€4,056
up €4,056 (+26.8%), from €15,109 to €19,166
of which Other amounts receivable: +€10,898
- Deferred charges and accrued income -€2,398
down €2,398 (-66.5%), from €3,606 to €1,208
- Debts after one year +€16,080
up €16,080 (+72.0%), from €22,322 to €38,402
- Profit (loss) carried forward -€10,519
down €10,519 (-50.2%), from €20,975 to €10,455
- Current portion of long-term debt +€6,464
up €6,464 (+87.2%), from €7,412 to €13,876
- Advances received -€6,226
no longer reported in 2025 (was €6,226)
- Other debts -€5,014
no longer reported in 2025 (was €5,014)
- Gross operating margin -€6,912
down €6,912 (-32.9%), from €21,038 to €14,126
- Depreciation +€4,463
up €4,463 (+53.5%), from €8,338 to €12,802
- Financial income -€3,338
down €3,338 (-90.1%), from €3,703 to €365
- Other operating charges +€1,403
up €1,403 (+76.1%), from €1,843 to €3,246
- Staff costs +€1,183
up €1,183 (+61.7%), from €1,918 to €3,101
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 | €115,330 | €117,316 | +€1,987 | +1.7% |
| Fixed assets | 21/28 | €35,725 | €63,069 | +€27,344 | +76.5% |
| Tangible fixed assets | 22/27 | €35,725 | €62,994 | +€27,269 | +76.3% |
| Land and buildings | 22 | €13,797 | €12,503 | -€1,294 | -9.4% |
| Plant, machinery and equipment | 23 | €789 | €1,726 | +€937 | +119% |
| Furniture and vehicles | 24 | €21,139 | €48,765 | +€27,626 | +131% |
| Financial fixed assets | 28 | - | €75 | +€75 | |
| Current assets | 29/58 | €79,604 | €54,247 | -€25,357 | -31.9% |
| Amounts receivable after more than one year | 29 | €20,875 | €12,375 | -€8,500 | -40.7% |
| Other amounts receivable | 291 | €20,875 | €12,375 | -€8,500 | -40.7% |
| Stocks and contracts in progress | 3 | €1,817 | €2,807 | +€990 | +54.5% |
| Stocks | 30/36 | €1,817 | €2,807 | +€990 | +54.5% |
| Amounts receivable within one year | 40/41 | €15,109 | €19,166 | +€4,056 | +26.8% |
| Trade receivables | 40 | €14,396 | €7,555 | -€6,841 | -47.5% |
| Other amounts receivable | 41 | €713 | €11,611 | +€10,898 | +1,528% |
| Cash at bank and in hand | 54/58 | €38,197 | €18,692 | -€19,505 | -51.1% |
| Deferred charges and accrued income | 490/1 | €3,606 | €1,208 | -€2,398 | -66.5% |
| Total equity and liabilities | 10/49 | €115,330 | €117,316 | +€1,987 | +1.7% |
| Equity | 10/15 | €59,027 | €48,508 | -€10,519 | -17.8% |
| Reserves | 13 | €38,053 | €38,053 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,053 | €14,053 | = | 0.0% |
| Distributable reserves | 133 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,975 | €10,455 | -€10,519 | -50.2% |
| Amounts payable | 17/49 | €56,302 | €68,808 | +€12,506 | +22.2% |
| Amounts payable after more than one year | 17 | €22,322 | €38,402 | +€16,080 | +72.0% |
| Financial debts | 170/4 | €22,322 | €38,402 | +€16,080 | +72.0% |
| Amounts payable within one year | 42/48 | €33,980 | €30,407 | -€3,574 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €7,412 | €13,876 | +€6,464 | +87.2% |
| Trade debts | 44 | €2,059 | €2,706 | +€647 | +31.4% |
| Suppliers | 440/4 | €2,059 | €2,706 | +€647 | +31.4% |
| Advances received on contracts in progress | 46 | €6,226 | - | -€6,226 | |
| Taxes, remuneration and social security | 45 | €13,270 | €13,825 | +€555 | +4.2% |
| Taxes | 450/3 | €13,150 | €13,550 | +€400 | +3.0% |
| Remuneration and social security | 454/9 | €120 | €276 | +€156 | +130% |
| Other amounts payable | 47/48 | €5,014 | - | -€5,014 | |
| Remuneration, social security and pensions | 62 | €1,918 | €3,101 | +€1,183 | +61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,338 | €12,802 | +€4,463 | +53.5% |
| Other operating charges | 640/8 | €1,843 | €3,246 | +€1,403 | +76.1% |
| Gross operating margin | 9900 | €21,038 | €14,126 | -€6,912 | -32.9% |
| Operating profit (loss) | 9901 | €8,939 | -€5,022 | -€13,961 | |
| Financial income | 75/76B | €3,703 | €365 | -€3,338 | -90.1% |
| Recurring financial income | 75 | €3,703 | €365 | -€3,338 | -90.1% |
| Financial charges | 65/66B | €1,451 | €2,067 | +€617 | +42.5% |
| Recurring financial charges | 65 | €1,451 | €2,067 | +€617 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €11,191 | -€6,724 | -€17,915 | |
| Income taxes | 67/77 | €3,716 | €3,795 | +€79 | +2.1% |
| Profit (loss) for the period | 9904 | €7,475 | -€10,519 | -€17,994 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,475 | -€10,519 | -€17,994 |
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.