TOPPOORT: 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.
TOPPOORT
Largest movements
- Receivables after one year +€280,000
up €280,000 (+48.3%), from €580,000 to €860,000
- Receivables within one year +€173,080
up €173,080 (+96.3%), from €179,772 to €352,852
of which Other amounts receivable: +€152,224
- Cash +€75,803
up €75,803 (+10.1%), from €750,278 to €826,081
mainly Net result for the year (+€522,575) and Trade debts (+€75,670)
- Profit (loss) carried forward +€522,575
up €522,575 (+35.0%), from €1.5m to €2.0m
- Current portion of long-term debt -€125,403
no longer reported in 2025 (was €125,403)
- Trade debts +€75,670
up €75,670 (+78.8%), from €96,005 to €171,674
- Tax, wage and social debts +€61,185
up €61,185 (+146.1%), from €41,876 to €103,062
of which Taxes: +€54,555
- Gross operating margin +€89,154
up €89,154 (+10.3%), from €862,446 to €951,600
- Taxes +€24,247
up €24,247 (+16.2%), from €149,230 to €173,477
- Staff costs +€16,692
up €16,692 (+8.1%), from €205,388 to €222,080
- Depreciation -€11,849
down €11,849 (-21.1%), from €56,161 to €44,312
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 | €1,851,181 | €2,384,829 | +€533,649 | +28.8% |
| Fixed assets | 21/28 | €101,419 | €89,054 | -€12,365 | -12.2% |
| Tangible fixed assets | 22/27 | €101,419 | €89,054 | -€12,365 | -12.2% |
| Plant, machinery and equipment | 23 | €37,510 | €32,300 | -€5,211 | -13.9% |
| Furniture and vehicles | 24 | €38,480 | €25,216 | -€13,264 | -34.5% |
| Other tangible fixed assets | 26 | €25,429 | €31,538 | +€6,109 | +24.0% |
| Current assets | 29/58 | €1,749,762 | €2,295,776 | +€546,014 | +31.2% |
| Amounts receivable after more than one year | 29 | €580,000 | €860,000 | +€280,000 | +48.3% |
| Other amounts receivable | 291 | €580,000 | €860,000 | +€280,000 | +48.3% |
| Stocks and contracts in progress | 3 | €220,833 | €223,434 | +€2,600 | +1.2% |
| Stocks | 30/36 | €151,070 | €157,496 | +€6,425 | +4.3% |
| Contracts in progress | 37 | €69,763 | €65,938 | -€3,825 | -5.5% |
| Amounts receivable within one year | 40/41 | €179,772 | €352,852 | +€173,080 | +96.3% |
| Trade receivables | 40 | €137,323 | €158,179 | +€20,856 | +15.2% |
| Other amounts receivable | 41 | €42,448 | €194,672 | +€152,224 | +358.6% |
| Cash at bank and in hand | 54/58 | €750,278 | €826,081 | +€75,803 | +10.1% |
| Deferred charges and accrued income | 490/1 | €18,879 | €33,410 | +€14,530 | +77.0% |
| Total equity and liabilities | 10/49 | €1,851,181 | €2,384,829 | +€533,649 | +28.8% |
| Equity | 10/15 | €1,572,612 | €2,095,187 | +€522,575 | +33.2% |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,493,612 | €2,016,187 | +€522,575 | +35.0% |
| Amounts payable | 17/49 | €278,569 | €289,642 | +€11,074 | +4.0% |
| Amounts payable within one year | 42/48 | €278,569 | €286,811 | +€8,242 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €125,403 | - | -€125,403 | |
| Trade debts | 44 | €96,005 | €171,674 | +€75,670 | +78.8% |
| Suppliers | 440/4 | €96,005 | €171,674 | +€75,670 | +78.8% |
| Advances received on contracts in progress | 46 | €15,285 | €12,075 | -€3,210 | -21.0% |
| Taxes, remuneration and social security | 45 | €41,876 | €103,062 | +€61,185 | +146.1% |
| Taxes | 450/3 | €23,714 | €78,269 | +€54,555 | +230.1% |
| Remuneration and social security | 454/9 | €18,163 | €24,793 | +€6,630 | +36.5% |
| Accrued charges and deferred income | 492/3 | - | €2,831 | +€2,831 | |
| Remuneration, social security and pensions | 62 | €205,388 | €222,080 | +€16,692 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,161 | €44,312 | -€11,849 | -21.1% |
| Other operating charges | 640/8 | €4,871 | €6,283 | +€1,412 | +29.0% |
| Gross operating margin | 9900 | €862,446 | €951,600 | +€89,154 | +10.3% |
| Operating profit (loss) | 9901 | €596,025 | €678,925 | +€82,900 | +13.9% |
| Financial income | 75/76B | €12,945 | €21,084 | +€8,139 | +62.9% |
| Recurring financial income | 75 | €12,945 | €21,084 | +€8,139 | +62.9% |
| Financial charges | 65/66B | €3,669 | €3,958 | +€289 | +7.9% |
| Recurring financial charges | 65 | €3,669 | €3,958 | +€289 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €605,301 | €696,052 | +€90,751 | +15.0% |
| Income taxes | 67/77 | €149,230 | €173,477 | +€24,247 | +16.2% |
| Profit (loss) for the period | 9904 | €456,071 | €522,575 | +€66,504 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €456,071 | €522,575 | +€66,504 | +14.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.