Topspan: 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.
Topspan
Largest movements
- Stocks and contracts +€22,277
up €22,277, from €0 to €22,277
- Tangible fixed assets -€21,049
down €21,049 (-13.4%), from €156,758 to €135,710
- Cash +€5,616
up €5,616 (+308.1%), from €1,822 to €7,438
mainly Net result for the year (+€32,626) and Depreciation (+€16,049)
- Reserves +€32,626
up €32,626 (+41.6%), from €78,458 to €111,084
- Trade debts -€14,126
down €14,126 (-66.2%), from €21,352 to €7,225
- Other debts -€8,605
down €8,605 (-27.4%), from €31,415 to €22,810
- Accrued charges and deferred income -€5,949
down €5,949 (-83.9%), from €7,088 to €1,138
- Tax, wage and social debts +€4,227
up €4,227 (+16.4%), from €25,704 to €29,931
- Gross operating margin +€13,196
up €13,196 (+23.4%), from €56,339 to €69,535
- Taxes +€5,992
up €5,992 (+54.7%), from €10,953 to €16,945
- Depreciation +€4,347
up €4,347 (+37.2%), from €11,701 to €16,049
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 | €170,216 | €178,389 | +€8,173 | +4.8% |
| Fixed assets | 21/28 | €156,758 | €135,710 | -€21,049 | -13.4% |
| Tangible fixed assets | 22/27 | €156,758 | €135,710 | -€21,049 | -13.4% |
| Land and buildings | 22 | €28,000 | €28,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €75,011 | €65,827 | -€9,184 | -12.2% |
| Furniture and vehicles | 24 | €20,892 | €11,281 | -€9,611 | -46.0% |
| Other tangible fixed assets | 26 | €32,856 | €30,602 | -€2,254 | -6.9% |
| Current assets | 29/58 | €13,458 | €42,680 | +€29,222 | +217.1% |
| Stocks and contracts in progress | 3 | €0 | €22,277 | +€22,277 | |
| Stocks | 30/36 | €0 | €22,277 | +€22,277 | |
| Amounts receivable within one year | 40/41 | €11,636 | €12,626 | +€990 | +8.5% |
| Trade receivables | 40 | €11,433 | €6,265 | -€5,168 | -45.2% |
| Other amounts receivable | 41 | €202 | €6,360 | +€6,158 | +3046.4% |
| Cash at bank and in hand | 54/58 | €1,822 | €7,438 | +€5,616 | +308.1% |
| Deferred charges and accrued income | 490/1 | - | €339 | +€339 | |
| Total equity and liabilities | 10/49 | €170,216 | €178,389 | +€8,173 | +4.8% |
| Equity | 10/15 | €84,658 | €117,284 | +€32,626 | +38.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,458 | €111,084 | +€32,626 | +41.6% |
| Distributable reserves | 133 | €78,458 | €111,084 | +€32,626 | +41.6% |
| Amounts payable | 17/49 | €85,559 | €61,105 | -€24,454 | -28.6% |
| Amounts payable within one year | 42/48 | €78,471 | €59,967 | -€18,504 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €21,352 | €7,225 | -€14,126 | -66.2% |
| Suppliers | 440/4 | €21,352 | €7,225 | -€14,126 | -66.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €25,704 | €29,931 | +€4,227 | +16.4% |
| Taxes | 450/3 | €25,704 | €29,931 | +€4,227 | +16.4% |
| Other amounts payable | 47/48 | €31,415 | €22,810 | -€8,605 | -27.4% |
| Accrued charges and deferred income | 492/3 | €7,088 | €1,138 | -€5,949 | -83.9% |
| Non-recurring operating income | 76A | €0 | €345 | +€345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,701 | €16,049 | +€4,347 | +37.2% |
| Other operating charges | 640/8 | €2,799 | €2,924 | +€126 | +4.5% |
| Gross operating margin | 9900 | €56,339 | €69,535 | +€13,196 | +23.4% |
| Operating profit (loss) | 9901 | €41,839 | €50,562 | +€8,723 | +20.8% |
| Financial income | 75/76B | €73 | €33 | -€40 | -55.2% |
| Recurring financial income | 75 | €73 | €33 | -€40 | -55.2% |
| Financial charges | 65/66B | €1,361 | €1,024 | -€337 | -24.8% |
| Recurring financial charges | 65 | €1,361 | €1,024 | -€337 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €40,552 | €49,571 | +€9,020 | +22.2% |
| Income taxes | 67/77 | €10,953 | €16,945 | +€5,992 | +54.7% |
| Profit (loss) for the period | 9904 | €29,598 | €32,626 | +€3,028 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,598 | €32,626 | +€3,028 | +10.2% |
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.