TOPPET: 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.
TOPPET
Largest movements
- Receivables within one year +€16,536
up €16,536 (+170.6%), from €9,691 to €26,227
of which Trade receivables: +€16,536
- Current investments +€10,000
up €10,000 (+3.6%), from €280,000 to €290,000
- Cash -€5,736
down €5,736 (-7.6%), from €75,569 to €69,833
mainly Receivables within one year (-€16,536) and Current investments (-€10,000)
- Tangible fixed assets +€5,474
new in 2025: €5,474
of which Plant, machinery and equipment: +€5,474
- Reserves +€20,000
up €20,000 (+20.1%), from €99,750 to €119,750
- Other debts +€4,597
up €4,597 (+4.5%), from €101,912 to €106,509
- Financial income +€7,809
up €7,809 (+3922.6%), from €199 to €8,008
- Gross operating margin -€3,324
down €3,324 (-10.0%), from €33,212 to €29,888
- Taxes +€1,125
up €1,125 (+13.9%), from €8,076 to €9,201
- Depreciation +€1,026
new in 2025: €1,026
- Financial charges -€603
down €603 (-8.0%), from €7,532 to €6,929
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 | €365,461 | €391,740 | +€26,279 | +7.2% |
| Fixed assets | 21/28 | - | €5,474 | +€5,474 | |
| Tangible fixed assets | 22/27 | - | €5,474 | +€5,474 | |
| Plant, machinery and equipment | 23 | - | €5,474 | +€5,474 | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €365,461 | €386,266 | +€20,805 | +5.7% |
| Amounts receivable within one year | 40/41 | €9,691 | €26,227 | +€16,536 | +170.6% |
| Trade receivables | 40 | €9,596 | €26,132 | +€16,536 | +172.3% |
| Other amounts receivable | 41 | €95 | €95 | = | 0.0% |
| Current investments | 50/53 | €280,000 | €290,000 | +€10,000 | +3.6% |
| Cash at bank and in hand | 54/58 | €75,569 | €69,833 | -€5,736 | -7.6% |
| Deferred charges and accrued income | 490/1 | €200 | €205 | +€5 | +2.7% |
| Total equity and liabilities | 10/49 | €365,461 | €391,740 | +€26,279 | +7.2% |
| Equity | 10/15 | €260,080 | €280,334 | +€20,254 | +7.8% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €99,750 | €119,750 | +€20,000 | +20.1% |
| Distributable reserves | 133 | €99,750 | €119,750 | +€20,000 | +20.1% |
| Profit (loss) carried forward | 14 | €122,830 | €123,084 | +€254 | +0.2% |
| Amounts payable | 17/49 | €105,381 | €111,406 | +€6,026 | +5.7% |
| Amounts payable within one year | 42/48 | €105,381 | €111,406 | +€6,026 | +5.7% |
| Trade debts | 44 | €2,108 | €1,830 | -€279 | -13.2% |
| Suppliers | 440/4 | €2,108 | €1,830 | -€279 | -13.2% |
| Taxes, remuneration and social security | 45 | €1,360 | €3,067 | +€1,707 | +125.6% |
| Taxes | 450/3 | €1,360 | €3,067 | +€1,707 | +125.6% |
| Other amounts payable | 47/48 | €101,912 | €106,509 | +€4,597 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,026 | +€1,026 | |
| Other operating charges | 640/8 | €474 | €487 | +€12 | +2.6% |
| Gross operating margin | 9900 | €33,212 | €29,888 | -€3,324 | -10.0% |
| Operating profit (loss) | 9901 | €32,738 | €28,376 | -€4,362 | -13.3% |
| Financial income | 75/76B | €199 | €8,008 | +€7,809 | +3922.6% |
| Recurring financial income | 75 | €199 | €8,008 | +€7,809 | +3922.6% |
| Financial charges | 65/66B | €7,532 | €6,929 | -€603 | -8.0% |
| Recurring financial charges | 65 | €7,532 | €6,929 | -€603 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €25,405 | €29,455 | +€4,049 | +15.9% |
| Income taxes | 67/77 | €8,076 | €9,201 | +€1,125 | +13.9% |
| Profit (loss) for the period | 9904 | €17,329 | €20,254 | +€2,924 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,329 | €20,254 | +€2,924 | +16.9% |
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 6 October 2026 via checked.be.