TOPOSANIT: 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.
TOPOSANIT
Largest movements
- Receivables within one year -€34,797
down €34,797 (-3.7%), from €953,288 to €918,492
of which Trade receivables: -€89,277
- Trade debts -€111,042
down €111,042 (-50.4%), from €220,227 to €109,185
- Reserves +€57,000
up €57,000 (+10.5%), from €544,860 to €601,860
- Debts after one year -€18,721
down €18,721 (-42.9%), from €43,611 to €24,890
- Other debts +€15,600
up €15,600 (+39.0%), from €40,020 to €55,620
- Gross operating margin -€78,381
down €78,381 (-30.9%), from €253,530 to €175,149
- Taxes -€26,879
down €26,879 (-55.1%), from €48,740 to €21,861
- Staff costs +€13,869
up €13,869 (+27.6%), from €50,209 to €64,078
- Depreciation +€8,643
up €8,643 (+68.0%), from €12,719 to €21,362
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 | €1,016,074 | €968,809 | -€47,265 | -4.7% |
| Fixed assets | 21/28 | €47,350 | €37,353 | -€9,997 | -21.1% |
| Tangible fixed assets | 22/27 | €47,115 | €37,118 | -€9,997 | -21.2% |
| Land and buildings | 22 | €3,284 | €2,784 | -€500 | -15.2% |
| Plant, machinery and equipment | 23 | €5,322 | €4,906 | -€417 | -7.8% |
| Furniture and vehicles | 24 | €38,509 | €29,429 | -€9,080 | -23.6% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €968,724 | €931,456 | -€37,268 | -3.8% |
| Stocks and contracts in progress | 3 | €12,851 | €12,851 | = | 0.0% |
| Stocks | 30/36 | €12,851 | €12,851 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €953,288 | €918,492 | -€34,797 | -3.7% |
| Trade receivables | 40 | €374,617 | €285,340 | -€89,277 | -23.8% |
| Other amounts receivable | 41 | €578,671 | €633,151 | +€54,480 | +9.4% |
| Cash at bank and in hand | 54/58 | €2,585 | €113 | -€2,472 | -95.6% |
| Total equity and liabilities | 10/49 | €1,016,074 | €968,809 | -€47,265 | -4.7% |
| Equity | 10/15 | €551,841 | €608,241 | +€56,400 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €544,860 | €601,860 | +€57,000 | +10.5% |
| Distributable reserves | 133 | €544,860 | €601,860 | +€57,000 | +10.5% |
| Profit (loss) carried forward | 14 | €781 | €181 | -€600 | -76.8% |
| Amounts payable | 17/49 | €464,233 | €360,568 | -€103,666 | -22.3% |
| Amounts payable after more than one year | 17 | €43,611 | €24,890 | -€18,721 | -42.9% |
| Financial debts | 170/4 | €43,611 | €24,890 | -€18,721 | -42.9% |
| Amounts payable within one year | 42/48 | €420,622 | €334,178 | -€86,445 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €24,150 | €31,752 | +€7,602 | +31.5% |
| Trade debts | 44 | €220,227 | €109,185 | -€111,042 | -50.4% |
| Suppliers | 440/4 | €220,227 | €109,185 | -€111,042 | -50.4% |
| Advances received on contracts in progress | 46 | €1,559 | €1,559 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €134,667 | €136,063 | +€1,395 | +1.0% |
| Taxes | 450/3 | €128,529 | €117,853 | -€10,677 | -8.3% |
| Remuneration and social security | 454/9 | €6,138 | €18,210 | +€12,072 | +196.7% |
| Other amounts payable | 47/48 | €40,020 | €55,620 | +€15,600 | +39.0% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | €4,977 | - | -€4,977 | |
| Remuneration, social security and pensions | 62 | €50,209 | €64,078 | +€13,869 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,719 | €21,362 | +€8,643 | +68.0% |
| Other operating charges | 640/8 | €11,095 | €10,150 | -€945 | -8.5% |
| Non-recurring operating charges | 66A | €127 | - | -€127 | |
| Gross operating margin | 9900 | €253,530 | €175,149 | -€78,381 | -30.9% |
| Operating profit (loss) | 9901 | €179,380 | €79,560 | -€99,820 | -55.6% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €2,390 | €1,298 | -€1,092 | -45.7% |
| Recurring financial charges | 65 | €2,390 | €1,298 | -€1,092 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €176,996 | €78,262 | -€98,735 | -55.8% |
| Income taxes | 67/77 | €48,740 | €21,861 | -€26,879 | -55.1% |
| Profit (loss) for the period | 9904 | €128,256 | €56,400 | -€71,856 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,256 | €56,400 | -€71,856 | -56.0% |
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.