Topo Consulting: 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.
Topo Consulting
Largest movements
- Cash +€51,652
up €51,652 (+447%), from €11,565 to €63,217
mainly Net result for the year (+€33,720) and Investment in fixed assets (net) (+€10,645)
- Tangible fixed assets -€13,618
down €13,618 (-50.1%), from €27,206 to €13,589
of which Furniture and vehicles: -€12,056
- Receivables within one year -€3,244
down €3,244 (-10.1%), from €32,085 to €28,841
of which Trade receivables: -€19,025
- Profit (loss) carried forward +€33,720
up €33,720 (+60.3%), from €55,934 to €89,654
- Tax, wage and social debts +€7,781
up €7,781 (+161%), from €4,833 to €12,614
- Current portion of long-term debt -€5,124
down €5,124 (-100%), from €5,124 to €0
- Debts after one year -€2,170
down €2,170 (-100%), from €2,170 to €0
- Trade debts +€1,125
up €1,125 (+4,133%), from €27 to €1,152
- Gross operating margin +€24,354
up €24,354 (+88.4%), from €27,553 to €51,907
- Taxes +€9,021
up €9,021 (+176%), from €5,124 to €14,145
- Depreciation -€3,790
down €3,790 (-56.0%), from €6,763 to €2,973
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 | €70,856 | €105,647 | +€34,790 | +49.1% |
| Fixed assets | 21/28 | €27,206 | €13,589 | -€13,618 | -50.1% |
| Tangible fixed assets | 22/27 | €27,206 | €13,589 | -€13,618 | -50.1% |
| Land and buildings | 22 | €10,822 | €9,260 | -€1,562 | -14.4% |
| Furniture and vehicles | 24 | €12,384 | €329 | -€12,056 | -97.3% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €43,650 | €92,058 | +€48,408 | +111% |
| Amounts receivable within one year | 40/41 | €32,085 | €28,841 | -€3,244 | -10.1% |
| Trade receivables | 40 | €24,745 | €5,720 | -€19,025 | -76.9% |
| Other amounts receivable | 41 | €7,340 | €23,121 | +€15,781 | +215% |
| Cash at bank and in hand | 54/58 | €11,565 | €63,217 | +€51,652 | +447% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €70,856 | €105,647 | +€34,790 | +49.1% |
| Equity | 10/15 | €57,934 | €91,654 | +€33,720 | +58.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,934 | €89,654 | +€33,720 | +60.3% |
| Amounts payable | 17/49 | €12,923 | €13,993 | +€1,070 | +8.3% |
| Amounts payable after more than one year | 17 | €2,170 | €0 | -€2,170 | -100% |
| Financial debts | 170/4 | €2,170 | €0 | -€2,170 | -100% |
| Amounts payable within one year | 42/48 | €10,752 | €13,993 | +€3,240 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €5,124 | €0 | -€5,124 | -100% |
| Financial debts | 43 | €767 | €226 | -€541 | -70.5% |
| Credit institutions | 430/8 | €767 | €226 | -€541 | -70.5% |
| Trade debts | 44 | €27 | €1,152 | +€1,125 | +4,133% |
| Suppliers | 440/4 | €27 | €1,152 | +€1,125 | +4,133% |
| Taxes, remuneration and social security | 45 | €4,833 | €12,614 | +€7,781 | +161% |
| Taxes | 450/3 | €4,833 | €12,614 | +€7,781 | +161% |
| Non-recurring operating income | 76A | - | €4,893 | +€4,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,763 | €2,973 | -€3,790 | -56.0% |
| Other operating charges | 640/8 | €597 | €538 | -€59 | -9.9% |
| Gross operating margin | 9900 | €27,553 | €51,907 | +€24,354 | +88.4% |
| Operating profit (loss) | 9901 | €20,193 | €48,396 | +€28,203 | +140% |
| Financial charges | 65/66B | €365 | €530 | +€165 | +45.1% |
| Recurring financial charges | 65 | €365 | €530 | +€165 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €19,828 | €47,866 | +€28,038 | +141% |
| Income taxes | 67/77 | €5,124 | €14,145 | +€9,021 | +176% |
| Profit (loss) for the period | 9904 | €14,704 | €33,720 | +€19,017 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €14,704 | €33,720 | +€19,017 | +129% |
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 1 November 2026 via checked.be.