ToPP Group: 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.
ToPP Group
Largest movements
- Receivables within one year +€150,330
up €150,330 (+2163.9%), from €6,947 to €157,277
- Cash +€99,639
up €99,639 (+77.7%), from €128,291 to €227,930
mainly Net result for the year (+€120,123) and Current investments (+€80,000)
- Current investments -€80,000
no longer reported in 2025 (was €80,000)
- Profit (loss) carried forward +€120,123
up €120,123 (+95.9%), from €125,266 to €245,389
- Tax, wage and social debts +€33,374
up €33,374 (+95.0%), from €35,145 to €68,519
- Trade debts +€16,472
up €16,472 (+32.7%), from €50,327 to €66,799
- Gross operating margin -€6,307
down €6,307 (-3.9%), from €162,440 to €156,133
- Taxes -€1,770
down €1,770 (-5.0%), from €35,145 to €33,374
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 | €215,238 | €385,207 | +€169,969 | +79.0% |
| Current assets | 29/58 | €215,238 | €385,207 | +€169,969 | +79.0% |
| Amounts receivable within one year | 40/41 | €6,947 | €157,277 | +€150,330 | +2163.9% |
| Other amounts receivable | 41 | €6,947 | €157,277 | +€150,330 | +2163.9% |
| Current investments | 50/53 | €80,000 | - | -€80,000 | |
| Cash at bank and in hand | 54/58 | €128,291 | €227,930 | +€99,639 | +77.7% |
| Total equity and liabilities | 10/49 | €215,238 | €385,207 | +€169,969 | +79.0% |
| Equity | 10/15 | €129,766 | €249,889 | +€120,123 | +92.6% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,266 | €245,389 | +€120,123 | +95.9% |
| Amounts payable | 17/49 | €85,472 | €135,318 | +€49,846 | +58.3% |
| Amounts payable within one year | 42/48 | €85,472 | €135,318 | +€49,846 | +58.3% |
| Trade debts | 44 | €50,327 | €66,799 | +€16,472 | +32.7% |
| Suppliers | 440/4 | €50,327 | €66,799 | +€16,472 | +32.7% |
| Taxes, remuneration and social security | 45 | €35,145 | €68,519 | +€33,374 | +95.0% |
| Taxes | 450/3 | €35,145 | €68,519 | +€33,374 | +95.0% |
| Other operating charges | 640/8 | €1,904 | €2,105 | +€200 | +10.5% |
| Gross operating margin | 9900 | €162,440 | €156,133 | -€6,307 | -3.9% |
| Operating profit (loss) | 9901 | €160,536 | €154,028 | -€6,508 | -4.1% |
| Financial income | 75/76B | €223 | - | -€223 | |
| Recurring financial income | 75 | €223 | - | -€223 | |
| Financial charges | 65/66B | €347 | €531 | +€183 | +52.8% |
| Recurring financial charges | 65 | €347 | €531 | +€183 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €160,411 | €153,497 | -€6,913 | -4.3% |
| Income taxes | 67/77 | €35,145 | €33,374 | -€1,770 | -5.0% |
| Profit (loss) for the period | 9904 | €125,266 | €120,123 | -€5,143 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,266 | €120,123 | -€5,143 | -4.1% |
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 2 October 2026 via checked.be.