Tops Solutions: 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 Solutions
Largest movements
- Receivables within one year -€19,602
down €19,602 (-52.3%), from €37,508 to €17,906
of which Trade receivables: -€22,779
- Cash -€11,195
down €11,195 (-7.0%), from €159,892 to €148,697
mainly Contributions, distributions and other (-€110,185) and Tax, wage and social debts (-€25,741)
- Other debts +€72,734
up €72,734 (+139.9%), from €51,984 to €124,718
- Profit (loss) carried forward -€68,403
down €68,403 (-100.0%), from €68,403 to €0
- Tax, wage and social debts -€25,741
down €25,741 (-72.1%), from €35,698 to €9,957
- Debts after one year -€9,880
down €9,880 (-10.9%), from €90,319 to €80,439
- Short-term financial debts -€6,666
down €6,666 (-96.7%), from €6,894 to €228
- Gross operating margin -€133,773
down €133,773 (-65.2%), from €205,219 to €71,446
- Taxes -€22,954
down €22,954 (-58.1%), from €39,507 to €16,553
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 | €432,046 | €400,276 | -€31,770 | -7.4% |
| Fixed assets | 21/28 | €233,408 | €229,454 | -€3,954 | -1.7% |
| Tangible fixed assets | 22/27 | €112,293 | €108,339 | -€3,954 | -3.5% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,565 | €424 | -€2,141 | -83.5% |
| Furniture and vehicles | 24 | €9,728 | €7,915 | -€1,812 | -18.6% |
| Financial fixed assets | 28 | €121,115 | €121,115 | = | 0.0% |
| Current assets | 29/58 | €198,639 | €170,823 | -€27,816 | -14.0% |
| Amounts receivable within one year | 40/41 | €37,508 | €17,906 | -€19,602 | -52.3% |
| Trade receivables | 40 | €36,419 | €13,640 | -€22,779 | -62.5% |
| Other amounts receivable | 41 | €1,090 | €4,266 | +€3,177 | +291.6% |
| Cash at bank and in hand | 54/58 | €159,892 | €148,697 | -€11,195 | -7.0% |
| Deferred charges and accrued income | 490/1 | €1,238 | €4,219 | +€2,981 | +240.8% |
| Total equity and liabilities | 10/49 | €432,046 | €400,276 | -€31,770 | -7.4% |
| Equity | 10/15 | €233,012 | €170,809 | -€62,203 | -26.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €152,209 | €152,209 | = | 0.0% |
| Distributable reserves | 133 | €152,209 | €152,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,403 | €0 | -€68,403 | -100.0% |
| Amounts payable | 17/49 | €199,034 | €229,468 | +€30,434 | +15.3% |
| Amounts payable after more than one year | 17 | €90,319 | €80,439 | -€9,880 | -10.9% |
| Financial debts | 170/4 | €90,319 | €80,439 | -€9,880 | -10.9% |
| Amounts payable within one year | 42/48 | €107,946 | €148,482 | +€40,537 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €9,719 | €9,880 | +€161 | +1.7% |
| Financial debts | 43 | €6,894 | €228 | -€6,666 | -96.7% |
| Other loans | 439 | €6,894 | €228 | -€6,666 | -96.7% |
| Trade debts | 44 | €3,651 | €3,700 | +€50 | +1.4% |
| Suppliers | 440/4 | €3,651 | €3,700 | +€50 | +1.4% |
| Taxes, remuneration and social security | 45 | €35,698 | €9,957 | -€25,741 | -72.1% |
| Taxes | 450/3 | €35,698 | €9,957 | -€25,741 | -72.1% |
| Other amounts payable | 47/48 | €51,984 | €124,718 | +€72,734 | +139.9% |
| Accrued charges and deferred income | 492/3 | €770 | €547 | -€223 | -29.0% |
| Non-recurring operating income | 76A | €393 | €0 | -€393 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,095 | €5,110 | +€2,015 | +65.1% |
| Other operating charges | 640/8 | €1,415 | €737 | -€678 | -47.9% |
| Non-recurring operating charges | 66A | €44,687 | €0 | -€44,687 | -100.0% |
| Gross operating margin | 9900 | €205,219 | €71,446 | -€133,773 | -65.2% |
| Operating profit (loss) | 9901 | €156,022 | €65,598 | -€90,424 | -58.0% |
| Financial income | 75/76B | €1,089 | €1,353 | +€265 | +24.3% |
| Recurring financial income | 75 | €1,089 | €1,353 | +€265 | +24.3% |
| Financial charges | 65/66B | €4,200 | €2,417 | -€1,784 | -42.5% |
| Recurring financial charges | 65 | €4,200 | €2,417 | -€1,784 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €152,910 | €64,535 | -€88,376 | -57.8% |
| Income taxes | 67/77 | €39,507 | €16,553 | -€22,954 | -58.1% |
| Profit (loss) for the period | 9904 | €113,403 | €47,982 | -€65,422 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €113,403 | €47,982 | -€65,422 | -57.7% |
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.