TOPPROJECTS: 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.
TOPPROJECTS
Largest movements
- Receivables within one year -€42,051
down €42,051 (-26.1%), from €161,138 to €119,087
of which Trade receivables: -€38,321
- Stocks and contracts -€5,600
down €5,600 (-6.2%), from €90,470 to €84,870
- Tangible fixed assets -€5,583
down €5,583 (-32.8%), from €17,036 to €11,453
of which Furniture and vehicles: -€5,173
- Profit (loss) carried forward -€47,147
down €47,147 (-17.5%), from -€270,178 to -€317,325
- Tax, wage and social debts +€25,307
up €25,307 (+281.9%), from €8,978 to €34,285
- Trade debts -€21,016
down €21,016 (-86.3%), from €24,341 to €3,326
- Current portion of long-term debt -€7,156
no longer reported in 2024 (was €7,156)
- Gross operating margin -€8,438
down €8,438 (-164.1%), from -€5,142 to -€13,580
- Other operating charges +€2,904
up €2,904 (+200.5%), from €1,449 to €4,352
- Financial charges +€2,878
up €2,878 (+14.1%), from €20,433 to €23,311
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,539 | €245,029 | -€49,510 | -16.8% |
| Fixed assets | 21/28 | €42,036 | €36,453 | -€5,583 | -13.3% |
| Tangible fixed assets | 22/27 | €17,036 | €11,453 | -€5,583 | -32.8% |
| Furniture and vehicles | 24 | €14,301 | €9,128 | -€5,173 | -36.2% |
| Other tangible fixed assets | 26 | €2,735 | €2,325 | -€410 | -15.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €252,503 | €208,577 | -€43,927 | -17.4% |
| Stocks and contracts in progress | 3 | €90,470 | €84,870 | -€5,600 | -6.2% |
| Stocks | 30/36 | €90,470 | €84,870 | -€5,600 | -6.2% |
| Amounts receivable within one year | 40/41 | €161,138 | €119,087 | -€42,051 | -26.1% |
| Trade receivables | 40 | €153,874 | €115,552 | -€38,321 | -24.9% |
| Other amounts receivable | 41 | €7,264 | €3,535 | -€3,729 | -51.3% |
| Cash at bank and in hand | 54/58 | €895 | €3,830 | +€2,935 | +327.7% |
| Deferred charges and accrued income | 490/1 | - | €789 | +€789 | |
| Total equity and liabilities | 10/49 | €294,539 | €245,029 | -€49,510 | -16.8% |
| Equity | 10/15 | -€250,178 | -€297,325 | -€47,147 | -18.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€270,178 | -€317,325 | -€47,147 | -17.5% |
| Amounts payable | 17/49 | €544,717 | €542,355 | -€2,362 | -0.4% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €490,773 | €487,820 | -€2,953 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €7,156 | - | -€7,156 | |
| Financial debts | 43 | €450,000 | €450,000 | = | 0.0% |
| Credit institutions | 430/8 | €450,000 | €450,000 | = | 0.0% |
| Trade debts | 44 | €24,341 | €3,326 | -€21,016 | -86.3% |
| Suppliers | 440/4 | €24,341 | €3,326 | -€21,016 | -86.3% |
| Taxes, remuneration and social security | 45 | €8,978 | €34,285 | +€25,307 | +281.9% |
| Taxes | 450/3 | €8,978 | €34,285 | +€25,307 | +281.9% |
| Other amounts payable | 47/48 | €298 | €210 | -€88 | -29.5% |
| Accrued charges and deferred income | 492/3 | €3,944 | €4,535 | +€590 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,585 | €5,583 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,449 | €4,352 | +€2,904 | +200.5% |
| Gross operating margin | 9900 | -€5,142 | -€13,580 | -€8,438 | -164.1% |
| Operating profit (loss) | 9901 | -€12,175 | -€23,516 | -€11,341 | -93.1% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €20,433 | €23,311 | +€2,878 | +14.1% |
| Recurring financial charges | 65 | €20,433 | €23,311 | +€2,878 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | -€32,608 | -€46,805 | -€14,197 | -43.5% |
| Income taxes | 67/77 | €331 | €343 | +€12 | +3.7% |
| Profit (loss) for the period | 9904 | -€32,939 | -€47,147 | -€14,209 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,939 | -€47,147 | -€14,209 | -43.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.