TOPROAD: 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.
TOPROAD
Largest movements
- Stocks and contracts +€24,000
new in 2025: €24,000
- Receivables within one year -€1,920
down €1,920 (-85.2%), from €2,253 to €333
- Tangible fixed assets -€1,576
down €1,576 (-21.5%), from €7,340 to €5,764
of which Furniture and vehicles: -€1,576
- Cash +€588
up €588 (+120.7%), from €487 to €1,074
mainly Other debts (+€30,733) and Receivables within one year (+€1,920)
- Other debts +€30,733
up €30,733 (+12.9%), from €237,492 to €268,225
- Profit (loss) carried forward -€9,792
down €9,792 (-4.2%), from -€234,989 to -€244,781
- Gross operating margin -€9,606
down €9,606, from €1,729 to -€7,876
- Depreciation +€223
up €223 (+16.5%), from €1,352 to €1,576
- Other operating charges +€146
new in 2025: €146
- Financial charges +€99
up €99 (+104.0%), from €95 to €194
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 | €10,080 | €31,172 | +€21,092 | +209.3% |
| Fixed assets | 21/28 | €7,340 | €5,764 | -€1,576 | -21.5% |
| Tangible fixed assets | 22/27 | €7,340 | €5,764 | -€1,576 | -21.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €5,190 | €3,614 | -€1,576 | -30.4% |
| Other tangible fixed assets | 26 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €2,740 | €25,407 | +€22,668 | +827.4% |
| Stocks and contracts in progress | 3 | - | €24,000 | +€24,000 | |
| Stocks | 30/36 | - | €24,000 | +€24,000 | |
| Amounts receivable within one year | 40/41 | €2,253 | €333 | -€1,920 | -85.2% |
| Trade receivables | 40 | €2,253 | €333 | -€1,920 | -85.2% |
| Cash at bank and in hand | 54/58 | €487 | €1,074 | +€588 | +120.7% |
| Total equity and liabilities | 10/49 | €10,080 | €31,172 | +€21,092 | +209.3% |
| Equity | 10/15 | -€228,739 | -€238,531 | -€9,792 | -4.3% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,989 | -€244,781 | -€9,792 | -4.2% |
| Amounts payable | 17/49 | €238,819 | €269,702 | +€30,884 | +12.9% |
| Amounts payable within one year | 42/48 | €238,819 | €269,702 | +€30,884 | +12.9% |
| Trade debts | 44 | €1,327 | €1,478 | +€151 | +11.4% |
| Suppliers | 440/4 | €1,327 | €1,478 | +€151 | +11.4% |
| Other amounts payable | 47/48 | €237,492 | €268,225 | +€30,733 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,352 | €1,576 | +€223 | +16.5% |
| Other operating charges | 640/8 | - | €146 | +€146 | |
| Gross operating margin | 9900 | €1,729 | -€7,876 | -€9,606 | |
| Operating profit (loss) | 9901 | €377 | -€9,598 | -€9,975 | |
| Financial charges | 65/66B | €95 | €194 | +€99 | +104.0% |
| Recurring financial charges | 65 | €95 | €194 | +€99 | +104.0% |
| Profit (loss) for the period before taxes | 9903 | €282 | -€9,792 | -€10,073 | |
| Profit (loss) for the period | 9904 | €282 | -€9,792 | -€10,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €282 | -€9,792 | -€10,073 |
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 1 October 2026 via checked.be.