TOPSANIT: 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.
TOPSANIT
Largest movements
- Receivables within one year -€3,885
down €3,885 (-97.2%), from €3,996 to €111
- Stocks and contracts +€3,852
up €3,852 (+20.8%), from €18,500 to €22,352
- Cash -€704
down €704 (-7.8%), from €8,982 to €8,278
mainly Stocks and contracts (-€3,852) and Tax, wage and social debts (-€1,180)
- Tax, wage and social debts -€1,180
down €1,180 (-99.3%), from €1,188 to €8
- Profit (loss) carried forward +€364
up €364 (+2.7%), from €13,451 to €13,815
- Gross operating margin -€1,771
down €1,771 (-75.2%), from €2,355 to €584
- Depreciation -€1,551
no longer reported in 2025 (was €1,551)
- Financial income -€30
down €30 (-8.5%), from €355 to €325
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 | €31,478 | €30,741 | -€737 | -2.3% |
| Current assets | 29/58 | €31,478 | €30,741 | -€737 | -2.3% |
| Stocks and contracts in progress | 3 | €18,500 | €22,352 | +€3,852 | +20.8% |
| Stocks | 30/36 | €18,500 | €22,352 | +€3,852 | +20.8% |
| Amounts receivable within one year | 40/41 | €3,996 | €111 | -€3,885 | -97.2% |
| Trade receivables | 40 | €3,996 | €111 | -€3,885 | -97.2% |
| Cash at bank and in hand | 54/58 | €8,982 | €8,278 | -€704 | -7.8% |
| Total equity and liabilities | 10/49 | €31,478 | €30,741 | -€737 | -2.3% |
| Equity | 10/15 | €20,082 | €20,446 | +€364 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €431 | €431 | = | 0.0% |
| Non-distributable reserves | 130/1 | €431 | €431 | = | 0.0% |
| Reserves not available under the articles | 1311 | €431 | €431 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,451 | €13,815 | +€364 | +2.7% |
| Amounts payable | 17/49 | €11,396 | €10,295 | -€1,101 | -9.7% |
| Amounts payable within one year | 42/48 | €11,396 | €10,295 | -€1,101 | -9.7% |
| Taxes, remuneration and social security | 45 | €1,188 | €8 | -€1,180 | -99.3% |
| Taxes | 450/3 | €1,188 | €8 | -€1,180 | -99.3% |
| Other amounts payable | 47/48 | €10,208 | €10,287 | +€79 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,551 | - | -€1,551 | |
| Other operating charges | 640/8 | €482 | €488 | +€6 | +1.2% |
| Non-recurring operating charges | 66A | €277 | - | -€277 | |
| Gross operating margin | 9900 | €2,355 | €584 | -€1,771 | -75.2% |
| Operating profit (loss) | 9901 | €45 | €96 | +€51 | +113.3% |
| Financial income | 75/76B | €355 | €325 | -€30 | -8.5% |
| Recurring financial income | 75 | €355 | €325 | -€30 | -8.5% |
| Financial charges | 65/66B | €45 | €57 | +€12 | +26.7% |
| Recurring financial charges | 65 | €45 | €57 | +€12 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €355 | €364 | +€9 | +2.5% |
| Profit (loss) for the period | 9904 | €355 | €364 | +€9 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €355 | €364 | +€9 | +2.5% |
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 10 October 2026 via checked.be.