Topo-Géo: 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-Géo
Largest movements
- Receivables within one year -€8,644
down €8,644 (-37.6%), from €23,016 to €14,372
- Deferred charges and accrued income +€7,182
up €7,182 (+2,036%), from €353 to €7,535
- Tangible fixed assets -€6,164
down €6,164 (-5.3%), from €116,220 to €110,056
of which Leasing and similar rights: -€6,415
- Cash +€2,796
up €2,796 (+637%), from €439 to €3,234
mainly Debts after one year (+€54,760) and Depreciation (+€11,613)
- Other debts -€60,586
no longer reported in 2025 (was €60,586)
- Debts after one year +€54,760
up €54,760 (+99.7%), from €54,936 to €109,697
- Trade debts +€2,038
up €2,038 (+706%), from €289 to €2,327
- Gross operating margin -€673
down €673 (-4.6%), from €14,480 to €13,807
- Other operating charges -€305
down €305 (-55.4%), from €550 to €245
- Taxes -€227
down €227 (-61.2%), from €371 to €144
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 | €140,027 | €135,198 | -€4,830 | -3.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €116,220 | €110,056 | -€6,164 | -5.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €116,220 | €110,056 | -€6,164 | -5.3% |
| Land and buildings | 22 | €106,858 | €102,695 | -€4,163 | -3.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,946 | €7,360 | +€4,414 | +150% |
| Leasing and similar rights | 25 | €6,415 | €0 | -€6,415 | -100% |
| Current assets | 29/58 | €23,807 | €25,142 | +€1,335 | +5.6% |
| Amounts receivable within one year | 40/41 | €23,016 | €14,372 | -€8,644 | -37.6% |
| Trade receivables | 40 | €23,016 | €14,372 | -€8,644 | -37.6% |
| Cash at bank and in hand | 54/58 | €439 | €3,234 | +€2,796 | +637% |
| Deferred charges and accrued income | 490/1 | €353 | €7,535 | +€7,182 | +2,036% |
| Total equity and liabilities | 10/49 | €140,027 | €135,198 | -€4,830 | -3.4% |
| Equity | 10/15 | €9,424 | €9,597 | +€174 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,364 | €1,537 | +€174 | +12.7% |
| Amounts payable | 17/49 | €130,604 | €125,600 | -€5,003 | -3.8% |
| Amounts payable after more than one year | 17 | €54,936 | €109,697 | +€54,760 | +99.7% |
| Financial debts | 170/4 | €54,936 | €109,697 | +€54,760 | +99.7% |
| Amounts payable within one year | 42/48 | €75,667 | €15,904 | -€59,764 | -79.0% |
| Current portion of amounts payable after more than one year | 42 | €10,291 | €10,417 | +€126 | +1.2% |
| Trade debts | 44 | €289 | €2,327 | +€2,038 | +706% |
| Suppliers | 440/4 | €289 | €2,327 | +€2,038 | +706% |
| Taxes, remuneration and social security | 45 | €4,501 | €3,160 | -€1,341 | -29.8% |
| Taxes | 450/3 | €4,501 | €3,160 | -€1,341 | -29.8% |
| Other amounts payable | 47/48 | €60,586 | - | -€60,586 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,679 | €11,613 | -€66 | -0.6% |
| Other operating charges | 640/8 | €550 | €245 | -€305 | -55.4% |
| Non-recurring operating charges | 66A | €45 | €47 | +€2 | +4.4% |
| Gross operating margin | 9900 | €14,480 | €13,807 | -€673 | -4.6% |
| Operating profit (loss) | 9901 | €2,206 | €1,902 | -€304 | -13.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,706 | €1,585 | -€121 | -7.1% |
| Recurring financial charges | 65 | €1,706 | €1,585 | -€121 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €500 | €318 | -€182 | -36.5% |
| Income taxes | 67/77 | €371 | €144 | -€227 | -61.2% |
| Profit (loss) for the period | 9904 | €129 | €174 | +€45 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €129 | €174 | +€45 | +34.7% |
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 21 October 2026 via checked.be.