TOPS: 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.
TOPS
Largest movements
- Cash +€35,048
up €35,048 (+144.2%), from €24,308 to €59,356
mainly Receivables within one year (+€17,506) and Net result for the year (+€6,903)
- Receivables within one year -€17,506
down €17,506 (-100.0%), from €17,506 to €0
- Tangible fixed assets -€1,381
down €1,381 (-27.8%), from €4,964 to €3,583
- Profit (loss) carried forward +€6,903
up €6,903 (+80.4%), from -€8,589 to -€1,686
- Tax, wage and social debts +€4,963
up €4,963 (+643.8%), from €771 to €5,733
- Other debts +€4,325
up €4,325 (+30.4%), from €14,220 to €18,545
- Accrued charges and deferred income -€1,740
down €1,740 (-100.0%), from €1,740 to €0
- Trade debts +€1,197
up €1,197 (+432.7%), from €277 to €1,473
- Gross operating margin +€17,495
up €17,495, from -€1,943 to €15,551
- Taxes +€4,923
up €4,923 (+1038.6%), from €474 to €5,397
- Other operating charges -€2,901
down €2,901 (-62.5%), from €4,639 to €1,738
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 | €47,291 | €62,939 | +€15,647 | +33.1% |
| Fixed assets | 21/28 | €4,964 | €3,583 | -€1,381 | -27.8% |
| Tangible fixed assets | 22/27 | €4,964 | €3,583 | -€1,381 | -27.8% |
| Land and buildings | 22 | €4,964 | €3,583 | -€1,381 | -27.8% |
| Current assets | 29/58 | €42,328 | €59,356 | +€17,028 | +40.2% |
| Amounts receivable within one year | 40/41 | €17,506 | €0 | -€17,506 | -100.0% |
| Trade receivables | 40 | €17,506 | €0 | -€17,506 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,308 | €59,356 | +€35,048 | +144.2% |
| Deferred charges and accrued income | 490/1 | €514 | €0 | -€514 | -100.0% |
| Total equity and liabilities | 10/49 | €47,291 | €62,939 | +€15,647 | +33.1% |
| Equity | 10/15 | €30,284 | €37,187 | +€6,903 | +22.8% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €20,173 | €20,173 | = | 0.0% |
| Distributable reserves | 133 | €20,173 | €20,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,589 | -€1,686 | +€6,903 | +80.4% |
| Amounts payable | 17/49 | €17,007 | €25,752 | +€8,744 | +51.4% |
| Amounts payable within one year | 42/48 | €15,267 | €25,752 | +€10,484 | +68.7% |
| Trade debts | 44 | €277 | €1,473 | +€1,197 | +432.7% |
| Suppliers | 440/4 | €277 | €1,473 | +€1,197 | +432.7% |
| Taxes, remuneration and social security | 45 | €771 | €5,733 | +€4,963 | +643.8% |
| Taxes | 450/3 | €771 | €5,733 | +€4,963 | +643.8% |
| Other amounts payable | 47/48 | €14,220 | €18,545 | +€4,325 | +30.4% |
| Accrued charges and deferred income | 492/3 | €1,740 | €0 | -€1,740 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,381 | €1,381 | = | 0.0% |
| Other operating charges | 640/8 | €4,639 | €1,738 | -€2,901 | -62.5% |
| Gross operating margin | 9900 | -€1,943 | €15,551 | +€17,495 | |
| Operating profit (loss) | 9901 | -€7,964 | €12,433 | +€20,396 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €152 | €134 | -€17 | -11.5% |
| Recurring financial charges | 65 | €152 | €134 | -€17 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,115 | €12,300 | +€20,416 | |
| Income taxes | 67/77 | €474 | €5,397 | +€4,923 | +1038.6% |
| Profit (loss) for the period | 9904 | -€8,589 | €6,903 | +€15,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,589 | €6,903 | +€15,492 |
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 6 October 2026 via checked.be.