TOPS@home: 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.
TOPS@home
Largest movements
- Receivables within one year -€277,803
down €277,803 (-32.3%), from €860,433 to €582,630
of which Other amounts receivable: -€286,496
- Cash +€236,648
up €236,648 (+1,915%), from €12,355 to €249,002
mainly Receivables within one year (+€277,803) and Depreciation (+€205,698)
- Tangible fixed assets -€205,698
down €205,698 (-10.5%), from €2.0m to €1.8m
of which Other tangible fixed assets: -€192,079
- Reserves -€115,420
down €115,420 (-14.6%), from €791,243 to €675,823
of which Distributable reserves: -€115,420
- Trade debts -€63,218
down €63,218 (-81.8%), from €77,263 to €14,045
- Other debts -€40,829
down €40,829 (-82.6%), from €49,420 to €8,591
- Gross operating margin +€82,990
up €82,990 (+277%), from €29,964 to €112,953
- Financial charges -€46,133
down €46,133 (-68.9%), from €66,971 to €20,838
- Taxes -€37,909
no longer reported in 2025 (was €37,909)
- Other operating charges -€9,990
down €9,990 (-36.6%), from €27,265 to €17,275
- Depreciation -€7,745
down €7,745 (-3.6%), from €213,443 to €205,698
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.
Derived cash bridge
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 | €2,830,552 | €2,585,660 | -€244,891 | -8.7% |
| Fixed assets | 21/28 | €1,957,764 | €1,752,066 | -€205,698 | -10.5% |
| Tangible fixed assets | 22/27 | €1,956,264 | €1,750,566 | -€205,698 | -10.5% |
| Land and buildings | 22 | €616,576 | €609,802 | -€6,774 | -1.1% |
| Furniture and vehicles | 24 | €18,205 | €11,360 | -€6,845 | -37.6% |
| Other tangible fixed assets | 26 | €1,321,484 | €1,129,404 | -€192,079 | -14.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €872,788 | €833,594 | -€39,193 | -4.5% |
| Amounts receivable within one year | 40/41 | €860,433 | €582,630 | -€277,803 | -32.3% |
| Trade receivables | 40 | €102,167 | €110,860 | +€8,692 | +8.5% |
| Other amounts receivable | 41 | €758,265 | €471,770 | -€286,496 | -37.8% |
| Cash at bank and in hand | 54/58 | €12,355 | €249,002 | +€236,648 | +1,915% |
| Deferred charges and accrued income | 490/1 | - | €1,962 | +€1,962 | |
| Total equity and liabilities | 10/49 | €2,830,552 | €2,585,660 | -€244,891 | -8.7% |
| Equity | 10/15 | €809,843 | €694,423 | -€115,420 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €791,243 | €675,823 | -€115,420 | -14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €789,383 | €673,963 | -€115,420 | -14.6% |
| Amounts payable | 17/49 | €2,020,709 | €1,891,238 | -€129,472 | -6.4% |
| Amounts payable after more than one year | 17 | €1,746,914 | €1,720,415 | -€26,499 | -1.5% |
| Financial debts | 170/4 | €1,319,330 | €1,288,562 | -€30,768 | -2.3% |
| Other amounts payable | 178/9 | €427,584 | €431,852 | +€4,269 | +1.0% |
| Amounts payable within one year | 42/48 | €196,212 | €93,240 | -€102,973 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €68,582 | €69,657 | +€1,075 | +1.6% |
| Trade debts | 44 | €77,263 | €14,045 | -€63,218 | -81.8% |
| Suppliers | 440/4 | €77,263 | €14,045 | -€63,218 | -81.8% |
| Taxes, remuneration and social security | 45 | €946 | €946 | = | 0.0% |
| Taxes | 450/3 | €946 | €946 | = | 0.0% |
| Other amounts payable | 47/48 | €49,420 | €8,591 | -€40,829 | -82.6% |
| Accrued charges and deferred income | 492/3 | €77,583 | €77,583 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213,443 | €205,698 | -€7,745 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,045 | -€2,045 | |
| Other operating charges | 640/8 | €27,265 | €17,275 | -€9,990 | -36.6% |
| Gross operating margin | 9900 | €29,964 | €112,953 | +€82,990 | +277% |
| Operating profit (loss) | 9901 | -€210,744 | -€107,974 | +€102,770 | +48.8% |
| Financial income | 75/76B | €14,790 | €13,392 | -€1,398 | -9.5% |
| Recurring financial income | 75 | €14,790 | €13,392 | -€1,398 | -9.5% |
| Financial charges | 65/66B | €66,971 | €20,838 | -€46,133 | -68.9% |
| Recurring financial charges | 65 | €66,971 | €20,838 | -€46,133 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | -€262,925 | -€115,420 | +€147,505 | +56.1% |
| Income taxes | 67/77 | €37,909 | - | -€37,909 | |
| Profit (loss) for the period | 9904 | -€300,834 | -€115,420 | +€185,414 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€300,834 | -€115,420 | +€185,414 | +61.6% |
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 26 October 2026 via checked.be.