TOPOS: 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.
TOPOS
Largest movements
- Cash +€121,306
up €121,306 (+31.7%), from €383,023 to €504,330
mainly Other debts (+€174,728) and Net result for the year (+€125,198)
- Receivables within one year +€116,523
up €116,523 (+50.7%), from €229,736 to €346,259
of which Trade receivables: +€113,401
- Tangible fixed assets -€40,437
down €40,437 (-17.9%), from €225,610 to €185,173
- Deferred charges and accrued income +€15,770
up €15,770 (+52.6%), from €29,986 to €45,755
- Other debts +€174,728
up €174,728 (+47.1%), from €370,602 to €545,330
- Accrued charges and deferred income +€20,120
up €20,120 (+141.7%), from €14,197 to €34,317
- Tax, wage and social debts +€14,743
up €14,743 (+9.9%), from €148,235 to €162,977
of which Taxes: +€15,990
- Staff costs +€41,284
up €41,284 (+10.3%), from €400,892 to €442,175
- Gross operating margin -€34,352
down €34,352 (-4.7%), from €724,711 to €690,359
- Taxes -€21,357
down €21,357 (-26.7%), from €80,107 to €58,750
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 | €916,374 | €1,129,535 | +€213,161 | +23.3% |
| Fixed assets | 21/28 | €273,628 | €233,190 | -€40,437 | -14.8% |
| Tangible fixed assets | 22/27 | €225,610 | €185,173 | -€40,437 | -17.9% |
| Land and buildings | 22 | €68,269 | €51,856 | -€16,413 | -24.0% |
| Plant, machinery and equipment | 23 | €967 | €597 | -€370 | -38.3% |
| Furniture and vehicles | 24 | €17,120 | €9,873 | -€7,247 | -42.3% |
| Other tangible fixed assets | 26 | €139,254 | €122,846 | -€16,407 | -11.8% |
| Financial fixed assets | 28 | €48,018 | €48,018 | = | 0.0% |
| Current assets | 29/58 | €642,746 | €896,344 | +€253,599 | +39.5% |
| Amounts receivable within one year | 40/41 | €229,736 | €346,259 | +€116,523 | +50.7% |
| Trade receivables | 40 | €228,993 | €342,394 | +€113,401 | +49.5% |
| Other amounts receivable | 41 | €743 | €3,865 | +€3,122 | +420.1% |
| Cash at bank and in hand | 54/58 | €383,023 | €504,330 | +€121,306 | +31.7% |
| Deferred charges and accrued income | 490/1 | €29,986 | €45,755 | +€15,770 | +52.6% |
| Total equity and liabilities | 10/49 | €916,374 | €1,129,535 | +€213,161 | +23.3% |
| Equity | 10/15 | €236,433 | €236,433 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,233 | €168,233 | = | 0.0% |
| Amounts payable | 17/49 | €679,941 | €893,102 | +€213,161 | +31.3% |
| Amounts payable within one year | 42/48 | €665,744 | €858,785 | +€193,041 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €11,726 | €11,728 | +€2 | 0.0% |
| Trade debts | 44 | €135,181 | €138,749 | +€3,568 | +2.6% |
| Suppliers | 440/4 | €135,181 | €138,749 | +€3,568 | +2.6% |
| Taxes, remuneration and social security | 45 | €148,235 | €162,977 | +€14,743 | +9.9% |
| Taxes | 450/3 | €102,182 | €118,172 | +€15,990 | +15.6% |
| Remuneration and social security | 454/9 | €46,052 | €44,805 | -€1,247 | -2.7% |
| Other amounts payable | 47/48 | €370,602 | €545,330 | +€174,728 | +47.1% |
| Accrued charges and deferred income | 492/3 | €14,197 | €34,317 | +€20,120 | +141.7% |
| Non-recurring operating income | 76A | €94,634 | €1,485 | -€93,149 | -98.4% |
| Remuneration, social security and pensions | 62 | €400,892 | €442,175 | +€41,284 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,110 | €42,686 | -€2,424 | -5.4% |
| Other operating charges | 640/8 | €13,245 | €18,088 | +€4,843 | +36.6% |
| Non-recurring operating charges | 66A | - | €2,907 | +€2,907 | |
| Gross operating margin | 9900 | €724,711 | €690,359 | -€34,352 | -4.7% |
| Operating profit (loss) | 9901 | €265,464 | €184,503 | -€80,961 | -30.5% |
| Financial income | 75/76B | €1,931 | €2,182 | +€251 | +13.0% |
| Recurring financial income | 75 | €1,931 | €2,182 | +€251 | +13.0% |
| Financial charges | 65/66B | €2,499 | €2,737 | +€238 | +9.5% |
| Recurring financial charges | 65 | €2,499 | €2,737 | +€238 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €264,895 | €183,948 | -€80,947 | -30.6% |
| Income taxes | 67/77 | €80,107 | €58,750 | -€21,357 | -26.7% |
| Profit (loss) for the period | 9904 | €184,788 | €125,198 | -€59,590 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €184,788 | €125,198 | -€59,590 | -32.2% |
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 7 October 2026 via checked.be.