TOPOKOR: 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.
TOPOKOR
Largest movements
- Receivables within one year +€116,556
up €116,556 (+11.8%), from €987,145 to €1.1m
of which Other amounts receivable: +€82,615
- Tangible fixed assets -€35,958
down €35,958 (-10.2%), from €354,087 to €318,129
of which Land and buildings: -€34,015
- Tax, wage and social debts +€57,290
up €57,290 (+22.5%), from €254,514 to €311,804
of which Taxes: +€54,130
- Short-term financial debts +€31,055
up €31,055 (+30.7%), from €101,123 to €132,178
- Trade debts -€18,741
down €18,741 (-17.3%), from €108,515 to €89,773
- Other debts -€17,343
down €17,343 (-10.0%), from €173,394 to €156,052
- Reserves +€14,696
up €14,696 (+15.3%), from €96,287 to €110,984
of which Distributable reserves: +€14,696
- Financial income -€18,349
down €18,349 (-80.0%), from €22,931 to €4,582
- Financial charges +€12,056
up €12,056 (+41.6%), from €28,962 to €41,018
- Gross operating margin +€11,255
up €11,255 (+2.3%), from €487,095 to €498,350
- Other operating charges -€10,575
down €10,575 (-39.9%), from €26,533 to €15,958
- Depreciation -€9,475
down €9,475 (-15.2%), from €62,489 to €53,014
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,380,093 | €1,448,128 | +€68,035 | +4.9% |
| Fixed assets | 21/28 | €359,044 | €322,050 | -€36,994 | -10.3% |
| Intangible fixed assets | 21 | €4,281 | €3,244 | -€1,037 | -24.2% |
| Tangible fixed assets | 22/27 | €354,087 | €318,129 | -€35,958 | -10.2% |
| Land and buildings | 22 | €301,753 | €267,738 | -€34,015 | -11.3% |
| Plant, machinery and equipment | 23 | €7,346 | €7,526 | +€180 | +2.5% |
| Furniture and vehicles | 24 | €16,569 | €22,132 | +€5,564 | +33.6% |
| Leasing and similar rights | 25 | €28,419 | €20,732 | -€7,687 | -27.0% |
| Financial fixed assets | 28 | €677 | €677 | = | 0.0% |
| Current assets | 29/58 | €1,021,049 | €1,126,078 | +€105,029 | +10.3% |
| Amounts receivable within one year | 40/41 | €987,145 | €1,103,700 | +€116,556 | +11.8% |
| Trade receivables | 40 | €962,575 | €996,516 | +€33,941 | +3.5% |
| Other amounts receivable | 41 | €24,570 | €107,184 | +€82,615 | +336.2% |
| Cash at bank and in hand | 54/58 | €18,426 | €8,753 | -€9,673 | -52.5% |
| Deferred charges and accrued income | 490/1 | €15,478 | €13,625 | -€1,853 | -12.0% |
| Total equity and liabilities | 10/49 | €1,380,093 | €1,448,128 | +€68,035 | +4.9% |
| Equity | 10/15 | €467,787 | €482,484 | +€14,696 | +3.1% |
| Contributions | 10/11 | €371,500 | €371,500 | = | 0.0% |
| Capital | 10 | €371,488 | €371,488 | = | 0.0% |
| Issued capital | 100 | €371,488 | €371,488 | = | 0.0% |
| Contributions outside capital | 11 | €12 | €12 | = | 0.0% |
| Share premium | 1100/10 | €12 | €12 | = | 0.0% |
| Reserves | 13 | €96,287 | €110,984 | +€14,696 | +15.3% |
| Non-distributable reserves | 130/1 | €4,302 | €4,302 | = | 0.0% |
| Legal reserve | 130 | €4,302 | €4,302 | = | 0.0% |
| Distributable reserves | 133 | €91,986 | €106,682 | +€14,696 | +16.0% |
| Amounts payable | 17/49 | €912,306 | €965,645 | +€53,339 | +5.8% |
| Amounts payable after more than one year | 17 | €216,095 | €212,624 | -€3,471 | -1.6% |
| Financial debts | 170/4 | €216,095 | €212,624 | -€3,471 | -1.6% |
| Amounts payable within one year | 42/48 | €695,954 | €752,809 | +€56,855 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €58,408 | €63,002 | +€4,594 | +7.9% |
| Financial debts | 43 | €101,123 | €132,178 | +€31,055 | +30.7% |
| Credit institutions | 430/8 | €101,123 | €132,178 | +€31,055 | +30.7% |
| Trade debts | 44 | €108,515 | €89,773 | -€18,741 | -17.3% |
| Suppliers | 440/4 | €108,515 | €89,773 | -€18,741 | -17.3% |
| Taxes, remuneration and social security | 45 | €254,514 | €311,804 | +€57,290 | +22.5% |
| Taxes | 450/3 | €162,063 | €216,193 | +€54,130 | +33.4% |
| Remuneration and social security | 454/9 | €92,451 | €95,610 | +€3,160 | +3.4% |
| Other amounts payable | 47/48 | €173,394 | €156,052 | -€17,343 | -10.0% |
| Accrued charges and deferred income | 492/3 | €257 | €212 | -€45 | -17.6% |
| Non-recurring operating income | 76A | €831 | €0 | -€831 | -100.0% |
| Remuneration, social security and pensions | 62 | €356,680 | €365,415 | +€8,735 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,489 | €53,014 | -€9,475 | -15.2% |
| Other operating charges | 640/8 | €26,533 | €15,958 | -€10,575 | -39.9% |
| Gross operating margin | 9900 | €487,095 | €498,350 | +€11,255 | +2.3% |
| Operating profit (loss) | 9901 | €41,393 | €63,964 | +€22,571 | +54.5% |
| Financial income | 75/76B | €22,931 | €4,582 | -€18,349 | -80.0% |
| Recurring financial income | 75 | €22,931 | €4,582 | -€18,349 | -80.0% |
| Financial charges | 65/66B | €28,962 | €41,018 | +€12,056 | +41.6% |
| Recurring financial charges | 65 | €28,962 | €41,018 | +€12,056 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €35,362 | €27,529 | -€7,834 | -22.2% |
| Income taxes | 67/77 | €15,393 | €12,832 | -€2,561 | -16.6% |
| Profit (loss) for the period | 9904 | €19,969 | €14,696 | -€5,273 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,969 | €14,696 | -€5,273 | -26.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.