TopSign: 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.
TopSign
Largest movements
- Receivables within one year -€21,291
down €21,291 (-41.2%), from €51,637 to €30,346
of which Trade receivables: -€21,022
- Tangible fixed assets +€13,912
up €13,912 (+121.7%), from €11,430 to €25,342
of which Plant, machinery and equipment: +€8,364
- Cash -€1,937
down €1,937 (-2.0%), from €98,542 to €96,605
mainly Contributions, distributions and other (-€35,294) and Investment in fixed assets (net) (-€21,116)
- Other debts +€31,468
up €31,468 (+165.1%), from €19,060 to €50,527
- Reserves -€27,011
down €27,011 (-49.8%), from €54,210 to €27,199
- Tax, wage and social debts -€11,722
down €11,722 (-34.0%), from €34,438 to €22,716
of which Taxes: -€11,722
- Trade debts -€2,060
down €2,060 (-38.6%), from €5,333 to €3,273
- Gross operating margin -€35,374
down €35,374 (-60.5%), from €58,459 to €23,085
- Taxes -€9,634
down €9,634 (-71.2%), from €13,525 to €3,891
- Depreciation +€2,974
up €2,974 (+103.0%), from €2,888 to €5,862
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 | €168,645 | €159,792 | -€8,853 | -5.2% |
| Fixed assets | 21/28 | €11,430 | €26,684 | +€15,254 | +133.4% |
| Intangible fixed assets | 21 | - | €1,341 | +€1,341 | |
| Tangible fixed assets | 22/27 | €11,430 | €25,342 | +€13,912 | +121.7% |
| Plant, machinery and equipment | 23 | €11,430 | €19,795 | +€8,364 | +73.2% |
| Furniture and vehicles | 24 | - | €5,548 | +€5,548 | |
| Current assets | 29/58 | €157,215 | €133,108 | -€24,106 | -15.3% |
| Stocks and contracts in progress | 3 | €6,922 | €6,092 | -€831 | -12.0% |
| Stocks | 30/36 | €6,922 | €6,092 | -€831 | -12.0% |
| Amounts receivable within one year | 40/41 | €51,637 | €30,346 | -€21,291 | -41.2% |
| Trade receivables | 40 | €51,333 | €30,311 | -€21,022 | -41.0% |
| Other amounts receivable | 41 | €305 | €35 | -€270 | -88.5% |
| Cash at bank and in hand | 54/58 | €98,542 | €96,605 | -€1,937 | -2.0% |
| Deferred charges and accrued income | 490/1 | €113 | €66 | -€47 | -41.8% |
| Total equity and liabilities | 10/49 | €168,645 | €159,792 | -€8,853 | -5.2% |
| Equity | 10/15 | €72,810 | €45,799 | -€27,011 | -37.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,210 | €27,199 | -€27,011 | -49.8% |
| Distributable reserves | 133 | €54,210 | €27,199 | -€27,011 | -49.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,835 | €113,993 | +€18,158 | +18.9% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,830 | €76,515 | +€17,685 | +30.1% |
| Trade debts | 44 | €5,333 | €3,273 | -€2,060 | -38.6% |
| Suppliers | 440/4 | €5,333 | €3,273 | -€2,060 | -38.6% |
| Taxes, remuneration and social security | 45 | €34,438 | €22,716 | -€11,722 | -34.0% |
| Taxes | 450/3 | €34,438 | €22,716 | -€11,722 | -34.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,060 | €50,527 | +€31,468 | +165.1% |
| Accrued charges and deferred income | 492/3 | €2,005 | €2,478 | +€473 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,888 | €5,862 | +€2,974 | +103.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,307 | €1,754 | -€554 | -24.0% |
| Other operating charges | 640/8 | €679 | €701 | +€22 | +3.2% |
| Gross operating margin | 9900 | €58,459 | €23,085 | -€35,374 | -60.5% |
| Operating profit (loss) | 9901 | €52,584 | €14,768 | -€37,817 | -71.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €2,076 | €2,595 | +€518 | +25.0% |
| Recurring financial charges | 65 | €2,076 | €2,595 | +€518 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €50,508 | €12,174 | -€38,334 | -75.9% |
| Income taxes | 67/77 | €13,525 | €3,891 | -€9,634 | -71.2% |
| Profit (loss) for the period | 9904 | €36,984 | €8,283 | -€28,700 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,984 | €8,283 | -€28,700 | -77.6% |
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 12 October 2026 via checked.be.