TOPRENO CONSTRUCT: 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.
TOPRENO CONSTRUCT
Largest movements
- Receivables within one year -€59,757
down €59,757 (-16.5%), from €363,071 to €303,313
of which Trade receivables: -€56,487
- Tangible fixed assets +€40,788
up €40,788 (+159.0%), from €25,652 to €66,440
of which Land and buildings: +€52,756
- Cash -€36,429
no longer reported in 2025 (was €36,429)
mainly Accrued charges and deferred income (-€61,851) and Investment in fixed assets (net) (-€54,698)
- Deferred charges and accrued income +€17,979
new in 2025: €17,979
- Stocks and contracts +€15,593
new in 2025: €15,593
- Accrued charges and deferred income -€61,851
no longer reported in 2025 (was €61,851)
- Debts after one year +€19,054
up €19,054 (+234.1%), from €8,140 to €27,194
- Current portion of long-term debt +€7,408
up €7,408 (+112.2%), from €6,605 to €14,013
- Tax, wage and social debts +€7,013
up €7,013 (+60.9%), from €11,522 to €18,535
of which Taxes: +€11,707
- Short-term financial debts +€5,560
new in 2025: €5,560
- Gross operating margin -€26,687
down €26,687 (-60.4%), from €44,150 to €17,463
- Depreciation -€8,456
down €8,456 (-37.8%), from €22,366 to €13,910
- Taxes -€4,614
down €4,614 (-95.1%), from €4,850 to €236
- Staff costs -€2,187
down €2,187 (-92.3%), from €2,370 to €183
- Financial charges +€1,030
up €1,030 (+111.1%), from €926 to €1,956
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 | €425,151 | €403,325 | -€21,826 | -5.1% |
| Fixed assets | 21/28 | €25,652 | €66,440 | +€40,788 | +159.0% |
| Tangible fixed assets | 22/27 | €25,652 | €66,440 | +€40,788 | +159.0% |
| Land and buildings | 22 | - | €52,756 | +€52,756 | |
| Plant, machinery and equipment | 23 | €171 | €107 | -€64 | -37.5% |
| Furniture and vehicles | 24 | €25,480 | €13,577 | -€11,903 | -46.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €399,500 | €336,885 | -€62,615 | -15.7% |
| Stocks and contracts in progress | 3 | - | €15,593 | +€15,593 | |
| Stocks | 30/36 | - | €15,593 | +€15,593 | |
| Amounts receivable within one year | 40/41 | €363,071 | €303,313 | -€59,757 | -16.5% |
| Trade receivables | 40 | €353,886 | €297,399 | -€56,487 | -16.0% |
| Other amounts receivable | 41 | €9,184 | €5,914 | -€3,271 | -35.6% |
| Cash at bank and in hand | 54/58 | €36,429 | - | -€36,429 | |
| Deferred charges and accrued income | 490/1 | - | €17,979 | +€17,979 | |
| Total equity and liabilities | 10/49 | €425,151 | €403,325 | -€21,826 | -5.1% |
| Equity | 10/15 | €231,324 | €231,563 | +€240 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,088 | €160,088 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €139,478 | €139,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,636 | €52,875 | +€240 | +0.5% |
| Amounts payable | 17/49 | €193,827 | €171,761 | -€22,066 | -11.4% |
| Amounts payable after more than one year | 17 | €8,140 | €27,194 | +€19,054 | +234.1% |
| Financial debts | 170/4 | €8,140 | €27,194 | +€19,054 | +234.1% |
| Amounts payable within one year | 42/48 | €123,837 | €144,568 | +€20,731 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €6,605 | €14,013 | +€7,408 | +112.2% |
| Financial debts | 43 | - | €5,560 | +€5,560 | |
| Credit institutions | 430/8 | - | €5,560 | +€5,560 | |
| Trade debts | 44 | €76,721 | €76,757 | +€36 | 0.0% |
| Suppliers | 440/4 | €76,721 | €76,757 | +€36 | 0.0% |
| Advances received on contracts in progress | 46 | €3,599 | €3,599 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,522 | €18,535 | +€7,013 | +60.9% |
| Taxes | 450/3 | €1,617 | €13,324 | +€11,707 | +724.2% |
| Remuneration and social security | 454/9 | €9,906 | €5,211 | -€4,695 | -47.4% |
| Other amounts payable | 47/48 | €25,390 | €26,104 | +€714 | +2.8% |
| Accrued charges and deferred income | 492/3 | €61,851 | - | -€61,851 | |
| Remuneration, social security and pensions | 62 | €2,370 | €183 | -€2,187 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,366 | €13,910 | -€8,456 | -37.8% |
| Other operating charges | 640/8 | €1,200 | €938 | -€262 | -21.8% |
| Gross operating margin | 9900 | €44,150 | €17,463 | -€26,687 | -60.4% |
| Operating profit (loss) | 9901 | €18,214 | €2,432 | -€15,782 | -86.6% |
| Financial charges | 65/66B | €926 | €1,956 | +€1,030 | +111.1% |
| Recurring financial charges | 65 | €926 | €1,956 | +€1,030 | +111.1% |
| Profit (loss) for the period before taxes | 9903 | €17,287 | €476 | -€16,812 | -97.2% |
| Income taxes | 67/77 | €4,850 | €236 | -€4,614 | -95.1% |
| Profit (loss) for the period | 9904 | €12,437 | €240 | -€12,198 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,437 | €240 | -€12,198 | -98.1% |
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 12 October 2026 via checked.be.