TOPLIN: 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.
TOPLIN
Largest movements
- Cash +€159,689
up €159,689 (+185.2%), from €86,223 to €245,912
mainly Depreciation (+€153,828) and Receivables within one year (+€53,737)
- Tangible fixed assets -€89,910
down €89,910 (-4.1%), from €2.2m to €2.1m
of which Land and buildings: -€117,657
- Receivables within one year -€53,737
down €53,737 (-16.1%), from €334,302 to €280,566
of which Other amounts receivable: -€50,717
- Accrued charges and deferred income +€44,248
up €44,248 (+686.0%), from €6,450 to €50,698
- Gross operating margin +€276,589
up €276,589, from -€37,464 to €239,125
- Staff costs +€62,380
up €62,380 (+240.7%), from €25,915 to €88,295
- Other operating charges +€32,032
up €32,032 (+222.9%), from €14,368 to €46,400
- Financial income +€7,564
up €7,564 (+27.3%), from €27,660 to €35,224
- Depreciation +€7,385
up €7,385 (+5.0%), from €146,443 to €153,828
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 | €3,098,963 | €3,114,102 | +€15,139 | +0.5% |
| Fixed assets | 21/28 | €2,596,804 | €2,506,893 | -€89,910 | -3.5% |
| Tangible fixed assets | 22/27 | €2,176,804 | €2,086,893 | -€89,910 | -4.1% |
| Land and buildings | 22 | €2,060,778 | €1,943,122 | -€117,657 | -5.7% |
| Plant, machinery and equipment | 23 | €15,077 | €11,777 | -€3,301 | -21.9% |
| Furniture and vehicles | 24 | €100,948 | €119,927 | +€18,979 | +18.8% |
| Other tangible fixed assets | 26 | - | €12,068 | +€12,068 | |
| Financial fixed assets | 28 | €420,000 | €420,000 | = | 0.0% |
| Current assets | 29/58 | €502,159 | €607,209 | +€105,050 | +20.9% |
| Stocks and contracts in progress | 3 | €80,000 | €80,000 | = | 0.0% |
| Stocks | 30/36 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €334,302 | €280,566 | -€53,737 | -16.1% |
| Trade receivables | 40 | €24,777 | €21,758 | -€3,019 | -12.2% |
| Other amounts receivable | 41 | €309,525 | €258,808 | -€50,717 | -16.4% |
| Cash at bank and in hand | 54/58 | €86,223 | €245,912 | +€159,689 | +185.2% |
| Deferred charges and accrued income | 490/1 | €1,634 | €731 | -€903 | -55.3% |
| Total equity and liabilities | 10/49 | €3,098,963 | €3,114,102 | +€15,139 | +0.5% |
| Equity | 10/15 | €3,067,652 | €3,051,304 | -€16,348 | -0.5% |
| Contributions | 10/11 | €1,361,552 | €1,361,552 | = | 0.0% |
| Capital | 10 | €1,361,552 | €1,361,552 | = | 0.0% |
| Issued capital | 100 | €1,361,552 | €1,361,552 | = | 0.0% |
| Reserves | 13 | €275,655 | €275,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €136,155 | €136,155 | = | 0.0% |
| Legal reserve | 130 | €136,155 | €136,155 | = | 0.0% |
| Distributable reserves | 133 | €139,500 | €139,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,430,445 | €1,414,097 | -€16,348 | -1.1% |
| Amounts payable | 17/49 | €31,310 | €62,798 | +€31,487 | +100.6% |
| Amounts payable within one year | 42/48 | €24,860 | €12,100 | -€12,761 | -51.3% |
| Trade debts | 44 | €9,272 | €3,294 | -€5,978 | -64.5% |
| Suppliers | 440/4 | €9,272 | €3,294 | -€5,978 | -64.5% |
| Advances received on contracts in progress | 46 | €7,195 | €0 | -€7,195 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,394 | €8,806 | +€412 | +4.9% |
| Taxes | 450/3 | €721 | €518 | -€202 | -28.1% |
| Remuneration and social security | 454/9 | €7,673 | €8,287 | +€614 | +8.0% |
| Accrued charges and deferred income | 492/3 | €6,450 | €50,698 | +€44,248 | +686.0% |
| Non-recurring operating income | 76A | - | €48,750 | +€48,750 | |
| Remuneration, social security and pensions | 62 | €25,915 | €88,295 | +€62,380 | +240.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,443 | €153,828 | +€7,385 | +5.0% |
| Other operating charges | 640/8 | €14,368 | €46,400 | +€32,032 | +222.9% |
| Gross operating margin | 9900 | -€37,464 | €239,125 | +€276,589 | |
| Operating profit (loss) | 9901 | -€224,190 | -€49,398 | +€174,792 | +78.0% |
| Financial income | 75/76B | €27,660 | €35,224 | +€7,564 | +27.3% |
| Recurring financial income | 75 | €27,660 | €35,224 | +€7,564 | +27.3% |
| Financial charges | 65/66B | €615 | €1,997 | +€1,382 | +224.6% |
| Recurring financial charges | 65 | €615 | €1,997 | +€1,382 | +224.6% |
| Profit (loss) for the period before taxes | 9903 | -€197,146 | -€16,172 | +€180,974 | +91.8% |
| Income taxes | 67/77 | €40 | €176 | +€136 | +337.9% |
| Profit (loss) for the period | 9904 | -€197,186 | -€16,348 | +€180,838 | +91.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€197,186 | -€16,348 | +€180,838 | +91.7% |
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 12 October 2026 via checked.be.