Toploxx: 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.
Toploxx
Largest movements
- Stocks and contracts +€21,826
up €21,826 (+16.5%), from €132,116 to €153,942
- Receivables within one year -€14,150
down €14,150 (-57.1%), from €24,767 to €10,618
of which Trade receivables: -€13,728
- Tangible fixed assets +€13,547
new in 2025: €13,547
- Cash -€9,932
down €9,932 (-76.6%), from €12,962 to €3,030
mainly Stocks and contracts (-€21,826) and Investment in fixed assets (net) (-€15,818)
- Profit (loss) carried forward +€22,198
up €22,198 (+112%), from €19,877 to €42,075
- Debts after one year -€11,838
down €11,838 (-59.1%), from €20,036 to €8,198
- Trade debts +€5,770
new in 2025: €5,770
- Other debts -€4,259
down €4,259 (-7.2%), from €59,119 to €54,861
- Gross operating margin +€25,039
up €25,039 (+190%), from €13,157 to €38,196
- Financial income -€4,531
down €4,531 (-67.7%), from €6,695 to €2,164
- Taxes +€3,707
up €3,707 (+106%), from €3,486 to €7,193
- Other operating charges +€3,388
up €3,388 (+525%), from €646 to €4,034
- Depreciation +€2,271
new in 2025: €2,271
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 | €169,845 | €181,136 | +€11,292 | +6.6% |
| Fixed assets | 21/28 | - | €13,547 | +€13,547 | |
| Tangible fixed assets | 22/27 | - | €13,547 | +€13,547 | |
| Furniture and vehicles | 24 | - | €13,547 | +€13,547 | |
| Current assets | 29/58 | €169,845 | €167,589 | -€2,256 | -1.3% |
| Stocks and contracts in progress | 3 | €132,116 | €153,942 | +€21,826 | +16.5% |
| Stocks | 30/36 | €132,116 | €153,942 | +€21,826 | +16.5% |
| Amounts receivable within one year | 40/41 | €24,767 | €10,618 | -€14,150 | -57.1% |
| Trade receivables | 40 | €18,890 | €5,162 | -€13,728 | -72.7% |
| Other amounts receivable | 41 | €5,877 | €5,455 | -€421 | -7.2% |
| Cash at bank and in hand | 54/58 | €12,962 | €3,030 | -€9,932 | -76.6% |
| Total equity and liabilities | 10/49 | €169,845 | €181,136 | +€11,292 | +6.6% |
| Equity | 10/15 | €49,877 | €72,075 | +€22,198 | +44.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,877 | €42,075 | +€22,198 | +112% |
| Amounts payable | 17/49 | €119,968 | €109,062 | -€10,907 | -9.1% |
| Amounts payable after more than one year | 17 | €20,036 | €8,198 | -€11,838 | -59.1% |
| Financial debts | 170/4 | €20,036 | €8,198 | -€11,838 | -59.1% |
| Amounts payable within one year | 42/48 | €99,932 | €100,863 | +€931 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €11,730 | €11,838 | +€108 | +0.9% |
| Financial debts | 43 | €25,524 | €25,145 | -€379 | -1.5% |
| Credit institutions | 430/8 | €25,524 | €25,145 | -€379 | -1.5% |
| Trade debts | 44 | - | €5,770 | +€5,770 | |
| Suppliers | 440/4 | - | €5,770 | +€5,770 | |
| Taxes, remuneration and social security | 45 | €3,559 | €3,250 | -€309 | -8.7% |
| Taxes | 450/3 | €3,559 | €3,250 | -€309 | -8.7% |
| Other amounts payable | 47/48 | €59,119 | €54,861 | -€4,259 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,271 | +€2,271 | |
| Other operating charges | 640/8 | €646 | €4,034 | +€3,388 | +525% |
| Gross operating margin | 9900 | €13,157 | €38,196 | +€25,039 | +190% |
| Operating profit (loss) | 9901 | €12,511 | €31,891 | +€19,380 | +155% |
| Financial income | 75/76B | €6,695 | €2,164 | -€4,531 | -67.7% |
| Recurring financial income | 75 | €6,695 | €2,164 | -€4,531 | -67.7% |
| Financial charges | 65/66B | €3,185 | €4,664 | +€1,479 | +46.5% |
| Recurring financial charges | 65 | €3,185 | €4,664 | +€1,479 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €16,021 | €29,391 | +€13,370 | +83.4% |
| Income taxes | 67/77 | €3,486 | €7,193 | +€3,707 | +106% |
| Profit (loss) for the period | 9904 | €12,535 | €22,198 | +€9,663 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,535 | €22,198 | +€9,663 | +77.1% |
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 17 October 2026 via checked.be.