TOPOS EU: 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 EU
Largest movements
- Receivables within one year +€117,570
up €117,570 (+97.0%), from €121,246 to €238,816
of which Trade receivables: +€112,612
- Tangible fixed assets -€45,036
down €45,036 (-14.2%), from €316,421 to €271,385
of which Other tangible fixed assets: -€45,562
- Cash +€38,234
up €38,234 (+10.0%), from €381,130 to €419,365
mainly Depreciation (+€62,750) and Accrued charges and deferred income (+€50,351)
- Accrued charges and deferred income +€50,351
up €50,351 (+1111.0%), from €4,532 to €54,883
- Reserves +€46,933
up €46,933 (+19.0%), from €247,011 to €293,944
of which Distributable reserves: +€46,933
- Trade debts +€15,799
up €15,799 (+18.9%), from €83,435 to €99,234
- Tax, wage and social debts -€14,071
down €14,071 (-39.0%), from €36,064 to €21,993
of which Remuneration and social security: -€10,792
- Gross operating margin -€80,239
down €80,239 (-21.5%), from €372,722 to €292,483
- Staff costs -€37,532
down €37,532 (-20.8%), from €180,312 to €142,780
- Other operating charges -€18,591
down €18,591 (-73.7%), from €25,228 to €6,637
- Write-downs +€17,203
up €17,203 (+98.4%), from -€17,489 to -€286
- Taxes -€10,236
down €10,236 (-30.9%), from €33,094 to €22,858
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 | €1,048,122 | €1,152,557 | +€104,436 | +10.0% |
| Fixed assets | 21/28 | €527,474 | €480,766 | -€46,707 | -8.9% |
| Intangible fixed assets | 21 | €10,705 | €9,195 | -€1,510 | -14.1% |
| Tangible fixed assets | 22/27 | €316,421 | €271,385 | -€45,036 | -14.2% |
| Plant, machinery and equipment | 23 | €883 | €3,527 | +€2,644 | +299.4% |
| Furniture and vehicles | 24 | €14,861 | €12,743 | -€2,118 | -14.3% |
| Other tangible fixed assets | 26 | €300,677 | €255,115 | -€45,562 | -15.2% |
| Financial fixed assets | 28 | €200,348 | €200,186 | -€161 | -0.1% |
| Current assets | 29/58 | €520,648 | €671,791 | +€151,143 | +29.0% |
| Amounts receivable within one year | 40/41 | €121,246 | €238,816 | +€117,570 | +97.0% |
| Trade receivables | 40 | €116,282 | €228,894 | +€112,612 | +96.8% |
| Other amounts receivable | 41 | €4,964 | €9,922 | +€4,958 | +99.9% |
| Cash at bank and in hand | 54/58 | €381,130 | €419,365 | +€38,234 | +10.0% |
| Deferred charges and accrued income | 490/1 | €18,272 | €13,610 | -€4,662 | -25.5% |
| Total equity and liabilities | 10/49 | €1,048,122 | €1,152,557 | +€104,436 | +10.0% |
| Equity | 10/15 | €602,217 | €649,150 | +€46,933 | +7.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €247,011 | €293,944 | +€46,933 | +19.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €418 | €418 | = | 0.0% |
| Distributable reserves | 133 | €244,734 | €291,667 | +€46,933 | +19.2% |
| Profit (loss) carried forward | 14 | €336,614 | €336,614 | = | 0.0% |
| Amounts payable | 17/49 | €445,905 | €503,407 | +€57,502 | +12.9% |
| Amounts payable after more than one year | 17 | €292,457 | €303,821 | +€11,364 | +3.9% |
| Financial debts | 170/4 | €42,482 | €30,734 | -€11,748 | -27.7% |
| Other amounts payable | 178/9 | €249,975 | €273,087 | +€23,112 | +9.2% |
| Amounts payable within one year | 42/48 | €148,915 | €144,703 | -€4,212 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €22,985 | €23,476 | +€492 | +2.1% |
| Trade debts | 44 | €83,435 | €99,234 | +€15,799 | +18.9% |
| Suppliers | 440/4 | €83,435 | €99,234 | +€15,799 | +18.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €36,064 | €21,993 | -€14,071 | -39.0% |
| Taxes | 450/3 | €13,962 | €10,683 | -€3,279 | -23.5% |
| Remuneration and social security | 454/9 | €22,102 | €11,310 | -€10,792 | -48.8% |
| Other amounts payable | 47/48 | €6,432 | €0 | -€6,432 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,532 | €54,883 | +€50,351 | +1111.0% |
| Non-recurring operating income | 76A | €974 | €14,071 | +€13,098 | +1345.4% |
| Remuneration, social security and pensions | 62 | €180,312 | €142,780 | -€37,532 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,110 | €62,750 | +€3,640 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,489 | -€286 | +€17,203 | +98.4% |
| Other operating charges | 640/8 | €25,228 | €6,637 | -€18,591 | -73.7% |
| Non-recurring operating charges | 66A | €26,039 | €1,447 | -€24,592 | -94.4% |
| Gross operating margin | 9900 | €372,722 | €292,483 | -€80,239 | -21.5% |
| Operating profit (loss) | 9901 | €99,522 | €79,155 | -€20,367 | -20.5% |
| Financial income | 75/76B | €591 | €739 | +€149 | +25.1% |
| Recurring financial income | 75 | €591 | €739 | +€149 | +25.1% |
| Financial charges | 65/66B | €6,697 | €10,103 | +€3,406 | +50.9% |
| Recurring financial charges | 65 | €6,697 | €10,103 | +€3,406 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €93,416 | €69,791 | -€23,625 | -25.3% |
| Income taxes | 67/77 | €33,094 | €22,858 | -€10,236 | -30.9% |
| Profit (loss) for the period | 9904 | €60,322 | €46,933 | -€13,389 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,322 | €46,933 | -€13,389 | -22.2% |
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 5 October 2026 via checked.be.