Topradio: 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.
What changed
Topradio
NACE 60.100, Programming, broadcasting, news agency and other content distribution activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€55,707
2024 · €11,118+€44,590
Equity
€689,666
2024 · €64,338+€625,328
Cash
€20,761
2024 · €33,735-€12,974
Balance sheet total
€2.9m
2024 · €2.6m+€317,199
Largest movements
Assets
- Receivables within one year +€328,509
up €328,509 (+28.4%), from €1.2m to €1.5m
of which Other amounts receivable: +€277,281
- Deferred charges and accrued income +€155,622
up €155,622 (+45.3%), from €343,354 to €498,976
- Tangible fixed assets -€87,099
down €87,099 (-13.6%), from €639,822 to €552,723
of which Other tangible fixed assets: -€149,070
- Intangible fixed assets -€66,859
down €66,859 (-15.7%), from €424,783 to €357,924
Equity and liabilities
- Debts after one year -€683,628
down €683,628 (-45.7%), from €1.5m to €813,911
of which Trade debts: -€450,000
- Contributions +€569,620
up €569,620 (+309.8%), from €183,867 to €753,488
- Trade debts +€214,730
up €214,730 (+40.4%), from €531,309 to €746,039
- Tax, wage and social debts +€184,089
up €184,089 (+177.5%), from €103,706 to €287,795
of which Taxes: +€151,332
- Profit (loss) carried forward +€55,707
up €55,707 (+40.7%), from -€137,002 to -€81,295
Income statement
- Turnover +€3.2m
new in 2025: €3.2m
- Services and other goods +€2.2m
new in 2025: €2.2m
- Gross operating margin -€821,310
no longer reported in 2025 (was €821,310)
- Goods and materials +€212,989
new in 2025: €212,989
- Depreciation +€46,441
up €46,441 (+20.5%), from €226,889 to €273,330
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.
Result 2024
€11,118
Turnover
+€3.2m
Other operating income
+€9,408
Goods and materials
-€212,989
Services and other goods
-€2.2m
Staff costs
-€10,153
Depreciation
-€46,441
Write-downs
+€6,367
Other operating charges
-€16,862
Other operating items
-€762,599
Financial income
+€16,706
Financial charges
-€15,559
Taxes
+€4
Result 2025
€55,707
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.
From operations
+€229,235
Investment
-€119,371
Financing
-€122,838
Cash 2024
€33,735
From operations (derived)
+€229,235
Net result for the year
+€55,707
Depreciation
+€273,330
Receivables within one year
-€328,509
Deferred charges and accrued income
-€155,622
Trade debts
+€214,730
Tax, wage and social debts
+€184,089
Other debts
+€175
Accrued charges and deferred income
-€14,665
Investment (derived)
-€119,371
Investment in fixed assets (net)
-€119,371
Financing
-€122,838
Debts after one year
-€683,628
Current portion of long-term debt
-€8,830
Contributions, distributions and other
+€569,620
Cash 2025
€20,761
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,599,759 | €2,916,958 | +€317,199 | +12.2% |
| Fixed assets | 21/28 | €1,064,672 | €910,714 | -€153,958 | -14.5% |
| Intangible fixed assets | 21 | €424,783 | €357,924 | -€66,859 | -15.7% |
| Tangible fixed assets | 22/27 | €639,822 | €552,723 | -€87,099 | -13.6% |
| Plant, machinery and equipment | 23 | €93,759 | €135,616 | +€41,857 | +44.6% |
| Leasing and similar rights | 25 | €77,528 | €97,642 | +€20,114 | +25.9% |
| Other tangible fixed assets | 26 | €468,535 | €319,465 | -€149,070 | -31.8% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €67 | +€67 | |
| Amounts receivable and cash guarantees | 285/8 | - | €67 | +€67 | |
| Current assets | 29/58 | €1,535,087 | €2,006,244 | +€471,157 | +30.7% |
| Amounts receivable within one year | 40/41 | €1,157,998 | €1,486,507 | +€328,509 | +28.4% |
| Trade receivables | 40 | €617,245 | €668,474 | +€51,228 | +8.3% |
| Other amounts receivable | 41 | €540,752 | €818,033 | +€277,281 | +51.3% |
| Cash at bank and in hand | 54/58 | €33,735 | €20,761 | -€12,974 | -38.5% |
| Deferred charges and accrued income | 490/1 | €343,354 | €498,976 | +€155,622 | +45.3% |
| Total equity and liabilities | 10/49 | €2,599,759 | €2,916,958 | +€317,199 | +12.2% |
| Equity | 10/15 | €64,338 | €689,666 | +€625,328 | +971.9% |
| Contributions | 10/11 | €183,867 | €753,488 | +€569,620 | +309.8% |
| Capital | 10 | €183,867 | €753,488 | +€569,620 | +309.8% |
| Issued capital | 100 | €183,867 | €753,488 | +€569,620 | +309.8% |
| Reserves | 13 | €17,473 | €17,473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,473 | €17,473 | = | 0.0% |
| Legal reserve | 130 | €17,473 | €17,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,002 | -€81,295 | +€55,707 | +40.7% |
| Amounts payable | 17/49 | €2,535,421 | €2,227,292 | -€308,129 | -12.2% |
| Amounts payable after more than one year | 17 | €1,497,539 | €813,911 | -€683,628 | -45.7% |
| Financial debts | 170/4 | €1,047,539 | €813,911 | -€233,628 | -22.3% |
| Leasing and similar obligations | 172 | - | €70,197 | +€70,197 | |
| Credit institutions | 173 | - | €515,085 | +€515,085 | |
| Other loans | 174 | - | €228,629 | +€228,629 | |
| Trade debts | 175 | €450,000 | - | -€450,000 | |
| Amounts payable within one year | 42/48 | €937,138 | €1,327,301 | +€390,163 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €287,583 | €278,753 | -€8,830 | -3.1% |
| Trade debts | 44 | €531,309 | €746,039 | +€214,730 | +40.4% |
| Suppliers | 440/4 | €531,309 | €746,039 | +€214,730 | +40.4% |
| Taxes, remuneration and social security | 45 | €103,706 | €287,795 | +€184,089 | +177.5% |
| Taxes | 450/3 | €75,055 | €226,388 | +€151,332 | +201.6% |
| Remuneration and social security | 454/9 | €28,651 | €61,407 | +€32,756 | +114.3% |
| Other amounts payable | 47/48 | €14,539 | €14,714 | +€175 | +1.2% |
| Accrued charges and deferred income | 492/3 | €100,744 | €86,080 | -€14,665 | -14.6% |
| Operating income | 70/76A | - | €3,264,651 | +€3.3m | |
| Turnover | 70 | - | €3,244,976 | +€3.2m | |
| Other operating income | 74 | - | €9,408 | +€9,408 | |
| Non-recurring operating income | 76A | €1,426 | €10,267 | +€8,842 | +620.2% |
| Operating charges | 60/66A | - | €3,149,946 | +€3.1m | |
| Goods for resale, raw materials and consumables | 60 | - | €212,989 | +€212,989 | |
| Purchases | 600/8 | - | €212,989 | +€212,989 | |
| Services and other goods | 61 | - | €2,168,268 | +€2.2m | |
| Remuneration, social security and pensions | 62 | €293,333 | €303,486 | +€10,153 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,889 | €273,330 | +€46,441 | +20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,690 | €19,323 | -€6,367 | -24.8% |
| Other operating charges | 640/8 | €155,688 | €172,550 | +€16,862 | +10.8% |
| Non-recurring operating charges | 66A | €48,444 | - | -€48,444 | |
| Gross operating margin | 9900 | €821,310 | - | -€821,310 | |
| Operating profit (loss) | 9901 | €71,266 | €114,706 | +€43,440 | +61.0% |
| Financial income | 75/76B | €1,058 | €17,763 | +€16,706 | +1579.6% |
| Recurring financial income | 75 | €1,058 | €17,763 | +€16,706 | +1579.6% |
| Income from financial fixed assets | 750 | - | €17,408 | +€17,408 | |
| Other financial income | 752/9 | - | €355 | +€355 | |
| Financial charges | 65/66B | €60,497 | €76,057 | +€15,559 | +25.7% |
| Recurring financial charges | 65 | €60,497 | €76,057 | +€15,559 | +25.7% |
| Debt charges | 650 | - | €75,280 | +€75,280 | |
| Other financial charges | 652/9 | - | €776 | +€776 | |
| Profit (loss) for the period before taxes | 9903 | €11,826 | €56,412 | +€44,586 | +377.0% |
| Income taxes | 67/77 | €709 | €705 | -€4 | -0.6% |
| Taxes | 670/3 | - | €705 | +€705 | |
| Profit (loss) for the period | 9904 | €11,118 | €55,707 | +€44,590 | +401.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,118 | €55,707 | +€44,590 | +401.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.