Topo4D: what changed
Two fiscal 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.
Topo4D
Largest movements
- Receivables within one year +€98,990
up €98,990 (+459.9%), from €21,524 to €120,515
of which Trade receivables: +€98,990
- Cash +€26,271
up €26,271 (+41.2%), from €63,804 to €90,074
mainly Other debts (+€64,502) and Net result for the year (+€56,781)
- Tangible fixed assets -€19,217
down €19,217 (-22.9%), from €84,009 to €64,793
of which Furniture and vehicles: -€34,291
- Other debts +€64,502
up €64,502 (+228.5%), from €28,228 to €92,730
- Tax, wage and social debts +€28,627
up €28,627 (+101.5%), from €28,197 to €56,824
of which Taxes: +€32,896
- Trade debts +€21,153
up €21,153 (+130.7%), from €16,183 to €37,336
- Debts after one year +€11,647
up €11,647 (+85.2%), from €13,664 to €25,311
- Current portion of long-term debt -€10,794
down €10,794 (-57.3%), from €18,826 to €8,032
- Gross operating margin +€86,540
up €86,540 (+103.8%), from €83,393 to €169,933
- Staff costs +€15,336
up €15,336 (+53.2%), from €28,836 to €44,171
- Taxes +€10,644
up €10,644 (+198.6%), from €5,360 to €16,005
- Depreciation -€3,871
down €3,871 (-13.1%), from €29,581 to €25,709
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 | €170,078 | €278,014 | +€107,936 | +63.5% |
| Fixed assets | 21/28 | €84,309 | €65,093 | -€19,217 | -22.8% |
| Tangible fixed assets | 22/27 | €84,009 | €64,793 | -€19,217 | -22.9% |
| Plant, machinery and equipment | 23 | €36,811 | €60,101 | +€23,291 | +63.3% |
| Furniture and vehicles | 24 | €38,983 | €4,691 | -€34,291 | -88.0% |
| Leasing and similar rights | 25 | €8,216 | €0 | -€8,216 | -100.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €85,769 | €212,921 | +€127,153 | +148.3% |
| Amounts receivable within one year | 40/41 | €21,524 | €120,515 | +€98,990 | +459.9% |
| Trade receivables | 40 | €19,385 | €118,375 | +€98,990 | +510.7% |
| Other amounts receivable | 41 | €2,140 | €2,140 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,804 | €90,074 | +€26,271 | +41.2% |
| Deferred charges and accrued income | 490/1 | €441 | €2,333 | +€1,892 | +429.0% |
| Total equity and liabilities | 10/49 | €170,078 | €278,014 | +€107,936 | +63.5% |
| Equity | 10/15 | €64,980 | €57,781 | -€7,199 | -11.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,980 | €54,781 | -€7,199 | -11.6% |
| Distributable reserves | 133 | €61,980 | €54,781 | -€7,199 | -11.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €105,098 | €220,234 | +€115,135 | +109.6% |
| Amounts payable after more than one year | 17 | €13,664 | €25,311 | +€11,647 | +85.2% |
| Financial debts | 170/4 | €13,664 | €25,311 | +€11,647 | +85.2% |
| Amounts payable within one year | 42/48 | €91,434 | €194,923 | +€103,488 | +113.2% |
| Current portion of amounts payable after more than one year | 42 | €18,826 | €8,032 | -€10,794 | -57.3% |
| Trade debts | 44 | €16,183 | €37,336 | +€21,153 | +130.7% |
| Suppliers | 440/4 | €16,183 | €37,336 | +€21,153 | +130.7% |
| Taxes, remuneration and social security | 45 | €28,197 | €56,824 | +€28,627 | +101.5% |
| Taxes | 450/3 | €13,807 | €46,704 | +€32,896 | +238.3% |
| Remuneration and social security | 454/9 | €14,390 | €10,120 | -€4,270 | -29.7% |
| Other amounts payable | 47/48 | €28,228 | €92,730 | +€64,502 | +228.5% |
| Remuneration, social security and pensions | 62 | €28,836 | €44,171 | +€15,336 | +53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,581 | €25,709 | -€3,871 | -13.1% |
| Other operating charges | 640/8 | €1,277 | €2,565 | +€1,289 | +100.9% |
| Non-recurring operating charges | 66A | - | €20,929 | +€20,929 | |
| Gross operating margin | 9900 | €83,393 | €169,933 | +€86,540 | +103.8% |
| Operating profit (loss) | 9901 | €23,700 | €76,558 | +€52,858 | +223.0% |
| Financial income | 75/76B | €223 | €316 | +€92 | +41.4% |
| Recurring financial income | 75 | €223 | €316 | +€92 | +41.4% |
| Financial charges | 65/66B | €3,104 | €4,088 | +€984 | +31.7% |
| Recurring financial charges | 65 | €3,104 | €4,088 | +€984 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €20,818 | €72,785 | +€51,967 | +249.6% |
| Income taxes | 67/77 | €5,360 | €16,005 | +€10,644 | +198.6% |
| Profit (loss) for the period | 9904 | €15,458 | €56,781 | +€41,322 | +267.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,458 | €56,781 | +€41,322 | +267.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.