TOPOLASER: 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.
TOPOLASER
Largest movements
- Cash +€189,867
up €189,867 (+172.8%), from €109,848 to €299,714
mainly Net result for the year (+€137,334) and Advances received (+€66,297)
- Tangible fixed assets -€15,165
down €15,165 (-10.4%), from €146,140 to €130,975
of which Furniture and vehicles: -€20,023
- Advances received +€66,297
new in 2025: €66,297
- Tax, wage and social debts +€46,569
up €46,569 (+61.6%), from €75,560 to €122,129
of which Taxes: +€33,198
- Reserves +€42,930
up €42,930 (+10.1%), from €423,736 to €466,666
of which Distributable reserves: +€42,930
- Current portion of long-term debt +€28,260
up €28,260 (+63.3%), from €44,641 to €72,902
- Debts after one year +€25,709
up €25,709 (+63.3%), from €40,632 to €66,341
- Gross operating margin +€223,109
up €223,109 (+86.0%), from €259,334 to €482,443
- Taxes +€55,008
up €55,008 (+397.6%), from €13,836 to €68,845
- Staff costs +€46,811
up €46,811 (+24.8%), from €188,632 to €235,443
- Depreciation +€6,849
up €6,849 (+25.6%), from €26,735 to €33,584
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 | €761,631 | €938,198 | +€176,567 | +23.2% |
| Fixed assets | 21/28 | €146,140 | €130,975 | -€15,165 | -10.4% |
| Tangible fixed assets | 22/27 | €146,140 | €130,975 | -€15,165 | -10.4% |
| Plant, machinery and equipment | 23 | €15,673 | €10,792 | -€4,881 | -31.1% |
| Furniture and vehicles | 24 | €74,758 | €54,735 | -€20,023 | -26.8% |
| Other tangible fixed assets | 26 | €55,709 | €65,448 | +€9,739 | +17.5% |
| Current assets | 29/58 | €615,491 | €807,223 | +€191,732 | +31.2% |
| Stocks and contracts in progress | 3 | €61,092 | €66,060 | +€4,968 | +8.1% |
| Stocks | 30/36 | €61,092 | €66,060 | +€4,968 | +8.1% |
| Amounts receivable within one year | 40/41 | €441,620 | €437,788 | -€3,832 | -0.9% |
| Trade receivables | 40 | €288,458 | €339,631 | +€51,174 | +17.7% |
| Other amounts receivable | 41 | €153,163 | €98,157 | -€55,005 | -35.9% |
| Cash at bank and in hand | 54/58 | €109,848 | €299,714 | +€189,867 | +172.8% |
| Deferred charges and accrued income | 490/1 | €2,931 | €3,660 | +€729 | +24.9% |
| Total equity and liabilities | 10/49 | €761,631 | €938,198 | +€176,567 | +23.2% |
| Equity | 10/15 | €442,975 | €472,309 | +€29,334 | +6.6% |
| Contributions | 10/11 | €18,600 | €5,000 | -€13,600 | -73.1% |
| Reserves | 13 | €423,736 | €466,666 | +€42,930 | +10.1% |
| Tax-exempt reserves | 132 | €35,761 | €35,761 | = | 0.0% |
| Distributable reserves | 133 | €387,975 | €430,905 | +€42,930 | +11.1% |
| Profit (loss) carried forward | 14 | €639 | €643 | +€4 | +0.6% |
| Amounts payable | 17/49 | €318,656 | €465,889 | +€147,233 | +46.2% |
| Amounts payable after more than one year | 17 | €40,632 | €66,341 | +€25,709 | +63.3% |
| Financial debts | 170/4 | €40,632 | €66,341 | +€25,709 | +63.3% |
| Amounts payable within one year | 42/48 | €278,023 | €399,548 | +€121,525 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €44,641 | €72,902 | +€28,260 | +63.3% |
| Trade debts | 44 | €157,822 | €138,221 | -€19,601 | -12.4% |
| Suppliers | 440/4 | €157,822 | €138,221 | -€19,601 | -12.4% |
| Advances received on contracts in progress | 46 | - | €66,297 | +€66,297 | |
| Taxes, remuneration and social security | 45 | €75,560 | €122,129 | +€46,569 | +61.6% |
| Taxes | 450/3 | €55,622 | €88,820 | +€33,198 | +59.7% |
| Remuneration and social security | 454/9 | €19,938 | €33,308 | +€13,370 | +67.1% |
| Remuneration, social security and pensions | 62 | €188,632 | €235,443 | +€46,811 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,735 | €33,584 | +€6,849 | +25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,208 | €1,511 | -€697 | -31.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €259,334 | €482,443 | +€223,109 | +86.0% |
| Operating profit (loss) | 9901 | €41,759 | €211,905 | +€170,146 | +407.4% |
| Financial income | 75/76B | €632 | €764 | +€133 | +21.0% |
| Recurring financial income | 75 | €632 | €764 | +€133 | +21.0% |
| Financial charges | 65/66B | €3,953 | €6,490 | +€2,538 | +64.2% |
| Recurring financial charges | 65 | €3,953 | €6,490 | +€2,538 | +64.2% |
| Profit (loss) for the period before taxes | 9903 | €38,438 | €206,179 | +€167,741 | +436.4% |
| Income taxes | 67/77 | €13,836 | €68,845 | +€55,008 | +397.6% |
| Profit (loss) for the period | 9904 | €24,602 | €137,334 | +€112,732 | +458.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,602 | €137,334 | +€112,732 | +458.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.