TOPPER: 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.
TOPPER
Largest movements
- Cash +€309,871
up €309,871 (+393.6%), from €78,721 to €388,592
mainly Net result for the year (+€200,408) and Receivables within one year (+€54,931)
- Receivables within one year -€54,931
down €54,931 (-48.2%), from €113,958 to €59,026
of which Other amounts receivable: -€77,296
- Reserves +€200,408
up €200,408 (+160.9%), from €124,592 to €325,000
- Tax, wage and social debts +€52,555
up €52,555 (+92.7%), from €56,715 to €109,270
- Other debts +€4,716
up €4,716 (+136.5%), from €3,454 to €8,170
- Gross operating margin +€138,321
up €138,321 (+105.0%), from €131,781 to €270,102
- Taxes +€28,797
up €28,797 (+91.0%), from €31,651 to €60,448
- Financial income -€16,341
no longer reported in 2025 (was €16,341)
- Other operating charges +€5,685
up €5,685 (+1467.7%), from €387 to €6,072
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 | €210,904 | €465,978 | +€255,073 | +120.9% |
| Fixed assets | 21/28 | €8,113 | €7,250 | -€863 | -10.6% |
| Tangible fixed assets | 22/27 | €8,113 | €7,250 | -€863 | -10.6% |
| Furniture and vehicles | 24 | €8,113 | €7,250 | -€863 | -10.6% |
| Current assets | 29/58 | €202,791 | €458,727 | +€255,936 | +126.2% |
| Stocks and contracts in progress | 3 | €9,651 | €10,696 | +€1,045 | +10.8% |
| Stocks | 30/36 | €9,651 | €10,696 | +€1,045 | +10.8% |
| Amounts receivable within one year | 40/41 | €113,958 | €59,026 | -€54,931 | -48.2% |
| Trade receivables | 40 | - | €22,364 | +€22,364 | |
| Other amounts receivable | 41 | €113,958 | €36,662 | -€77,296 | -67.8% |
| Cash at bank and in hand | 54/58 | €78,721 | €388,592 | +€309,871 | +393.6% |
| Deferred charges and accrued income | 490/1 | €461 | €413 | -€48 | -10.5% |
| Total equity and liabilities | 10/49 | €210,904 | €465,978 | +€255,073 | +120.9% |
| Equity | 10/15 | €125,592 | €326,000 | +€200,408 | +159.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €124,592 | €325,000 | +€200,408 | +160.9% |
| Distributable reserves | 133 | €124,592 | €325,000 | +€200,408 | +160.9% |
| Amounts payable | 17/49 | €85,312 | €139,978 | +€54,665 | +64.1% |
| Amounts payable within one year | 42/48 | €85,312 | €138,206 | +€52,893 | +62.0% |
| Trade debts | 44 | €25,143 | €20,766 | -€4,377 | -17.4% |
| Suppliers | 440/4 | €25,143 | €20,766 | -€4,377 | -17.4% |
| Taxes, remuneration and social security | 45 | €56,715 | €109,270 | +€52,555 | +92.7% |
| Taxes | 450/3 | €56,715 | €109,270 | +€52,555 | +92.7% |
| Other amounts payable | 47/48 | €3,454 | €8,170 | +€4,716 | +136.5% |
| Accrued charges and deferred income | 492/3 | - | €1,772 | +€1,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,256 | €2,721 | +€1,466 | +116.7% |
| Other operating charges | 640/8 | €387 | €6,072 | +€5,685 | +1467.7% |
| Gross operating margin | 9900 | €131,781 | €270,102 | +€138,321 | +105.0% |
| Operating profit (loss) | 9901 | €130,138 | €261,309 | +€131,171 | +100.8% |
| Financial income | 75/76B | €16,341 | - | -€16,341 | |
| Recurring financial income | 75 | €16,341 | - | -€16,341 | |
| Financial charges | 65/66B | €177 | €453 | +€276 | +156.2% |
| Recurring financial charges | 65 | €177 | €453 | +€276 | +156.2% |
| Profit (loss) for the period before taxes | 9903 | €146,303 | €260,856 | +€114,553 | +78.3% |
| Income taxes | 67/77 | €31,651 | €60,448 | +€28,797 | +91.0% |
| Profit (loss) for the period | 9904 | €114,651 | €200,408 | +€85,757 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,651 | €200,408 | +€85,757 | +74.8% |
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.