TOPP-L: 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.
TOPP-L
Largest movements
- Cash -€108,915
down €108,915 (-73.2%), from €148,886 to €39,971
mainly Receivables within one year (-€99,890) and Investment in fixed assets (net) (-€18,526)
- Receivables within one year +€99,890
up €99,890 (+469.1%), from €21,296 to €121,186
of which Trade receivables: +€91,475
- Tangible fixed assets +€13,790
up €13,790 (+41.3%), from €33,372 to €47,162
of which Other tangible fixed assets: +€7,460
- Stocks and contracts -€4,122
down €4,122 (-8.1%), from €51,078 to €46,956
- Tax, wage and social debts +€6,247
new in 2025: €6,247
- Profit (loss) carried forward -€3,825
down €3,825 (-1.7%), from -€226,382 to -€230,207
- Gross operating margin -€12,690
down €12,690 (-25.6%), from €49,596 to €36,906
- Taxes -€1,833
no longer reported in 2025 (was €1,833)
- Depreciation +€1,092
up €1,092 (+30.0%), from €3,644 to €4,736
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 | €256,030 | €257,874 | +€1,844 | +0.7% |
| Fixed assets | 21/28 | €34,166 | €47,956 | +€13,790 | +40.4% |
| Tangible fixed assets | 22/27 | €33,372 | €47,162 | +€13,790 | +41.3% |
| Plant, machinery and equipment | 23 | €3,109 | €9,439 | +€6,330 | +203.6% |
| Other tangible fixed assets | 26 | €30,263 | €37,723 | +€7,460 | +24.7% |
| Financial fixed assets | 28 | €794 | €794 | = | 0.0% |
| Current assets | 29/58 | €221,864 | €209,918 | -€11,946 | -5.4% |
| Stocks and contracts in progress | 3 | €51,078 | €46,956 | -€4,122 | -8.1% |
| Stocks | 30/36 | €51,078 | €46,956 | -€4,122 | -8.1% |
| Amounts receivable within one year | 40/41 | €21,296 | €121,186 | +€99,890 | +469.1% |
| Trade receivables | 40 | €2,711 | €94,186 | +€91,475 | +3374.2% |
| Other amounts receivable | 41 | €18,585 | €27,000 | +€8,415 | +45.3% |
| Cash at bank and in hand | 54/58 | €148,886 | €39,971 | -€108,915 | -73.2% |
| Deferred charges and accrued income | 490/1 | €604 | €1,805 | +€1,201 | +198.8% |
| Total equity and liabilities | 10/49 | €256,030 | €257,874 | +€1,844 | +0.7% |
| Equity | 10/15 | -€88,977 | -€92,802 | -€3,825 | -4.3% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €87,826 | €87,826 | = | 0.0% |
| Distributable reserves | 133 | €87,826 | €87,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,382 | -€230,207 | -€3,825 | -1.7% |
| Provisions and deferred taxes | 16 | €293,542 | €293,542 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €293,542 | €293,542 | = | 0.0% |
| Other liabilities and charges | 164/5 | €293,542 | €293,542 | = | 0.0% |
| Amounts payable | 17/49 | €51,465 | €57,134 | +€5,669 | +11.0% |
| Amounts payable within one year | 42/48 | €51,465 | €57,134 | +€5,669 | +11.0% |
| Trade debts | 44 | €9,186 | €9,476 | +€290 | +3.2% |
| Suppliers | 440/4 | €9,186 | €9,476 | +€290 | +3.2% |
| Taxes, remuneration and social security | 45 | - | €6,247 | +€6,247 | |
| Taxes | 450/3 | - | €6,247 | +€6,247 | |
| Other amounts payable | 47/48 | €42,279 | €41,411 | -€868 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,644 | €4,736 | +€1,092 | +30.0% |
| Other operating charges | 640/8 | €1,187 | €1,213 | +€26 | +2.2% |
| Gross operating margin | 9900 | €49,596 | €36,906 | -€12,690 | -25.6% |
| Operating profit (loss) | 9901 | €44,765 | €30,957 | -€13,808 | -30.8% |
| Financial income | 75/76B | €54 | €145 | +€91 | +168.5% |
| Recurring financial income | 75 | €54 | €145 | +€91 | +168.5% |
| Financial charges | 65/66B | €34,981 | €34,927 | -€54 | -0.2% |
| Recurring financial charges | 65 | €34,981 | €34,927 | -€54 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €9,838 | -€3,825 | -€13,663 | |
| Income taxes | 67/77 | €1,833 | - | -€1,833 | |
| Profit (loss) for the period | 9904 | €8,005 | -€3,825 | -€11,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,005 | -€3,825 | -€11,830 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.