TOPSY: 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.
TOPSY
Largest movements
- Tangible fixed assets -€6,364
down €6,364 (-42.0%), from €15,148 to €8,784
of which Furniture and vehicles: -€5,695
- Deferred charges and accrued income -€3,643
down €3,643 (-67.9%), from €5,368 to €1,724
- Profit (loss) carried forward -€7,125
down €7,125 (-35.6%), from -€20,005 to -€27,130
- Trade debts -€1,680
down €1,680 (-36.1%), from €4,650 to €2,971
- Tax, wage and social debts -€1,118
down €1,118 (-23.1%), from €4,829 to €3,712
- Gross operating margin +€3,106
up €3,106 (+85.5%), from -€3,632 to -€526
- Depreciation -€1,859
down €1,859 (-22.6%), from €8,223 to €6,364
- Financial charges -€1,085
down €1,085 (-94.3%), from €1,151 to €66
- Financial income +€854
up €854 (+957.1%), from €89 to €944
- Other operating charges +€288
up €288 (+34.9%), from €825 to €1,112
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 | €66,017 | €56,106 | -€9,911 | -15.0% |
| Fixed assets | 21/28 | €15,328 | €8,964 | -€6,364 | -41.5% |
| Tangible fixed assets | 22/27 | €15,148 | €8,784 | -€6,364 | -42.0% |
| Plant, machinery and equipment | 23 | €428 | €0 | -€428 | -100.0% |
| Furniture and vehicles | 24 | €13,998 | €8,303 | -€5,695 | -40.7% |
| Other tangible fixed assets | 26 | €722 | €481 | -€241 | -33.3% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €50,689 | €47,142 | -€3,547 | -7.0% |
| Amounts receivable within one year | 40/41 | €19,284 | €19,277 | -€7 | 0.0% |
| Trade receivables | 40 | €19,257 | €19,266 | +€9 | 0.0% |
| Other amounts receivable | 41 | €28 | €11 | -€16 | -58.5% |
| Cash at bank and in hand | 54/58 | €26,037 | €26,140 | +€104 | +0.4% |
| Deferred charges and accrued income | 490/1 | €5,368 | €1,724 | -€3,643 | -67.9% |
| Total equity and liabilities | 10/49 | €66,017 | €56,106 | -€9,911 | -15.0% |
| Equity | 10/15 | €21,484 | €14,359 | -€7,125 | -33.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,897 | €22,897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €21,037 | €22,897 | +€1,859 | +8.8% |
| Profit (loss) carried forward | 14 | -€20,005 | -€27,130 | -€7,125 | -35.6% |
| Amounts payable | 17/49 | €44,533 | €41,748 | -€2,785 | -6.3% |
| Amounts payable after more than one year | 17 | €25,500 | €25,500 | = | 0.0% |
| Financial debts | 170/4 | €25,500 | €25,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,033 | €16,248 | -€2,785 | -14.6% |
| Trade debts | 44 | €4,650 | €2,971 | -€1,680 | -36.1% |
| Suppliers | 440/4 | €4,650 | €2,971 | -€1,680 | -36.1% |
| Taxes, remuneration and social security | 45 | €4,829 | €3,712 | -€1,118 | -23.1% |
| Taxes | 450/3 | €4,829 | €3,712 | -€1,118 | -23.1% |
| Other amounts payable | 47/48 | €9,553 | €9,565 | +€12 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,223 | €6,364 | -€1,859 | -22.6% |
| Other operating charges | 640/8 | €825 | €1,112 | +€288 | +34.9% |
| Gross operating margin | 9900 | -€3,632 | -€526 | +€3,106 | +85.5% |
| Operating profit (loss) | 9901 | -€12,679 | -€8,003 | +€4,677 | +36.9% |
| Financial income | 75/76B | €89 | €944 | +€854 | +957.1% |
| Recurring financial income | 75 | €89 | €944 | +€854 | +957.1% |
| Financial charges | 65/66B | €1,151 | €66 | -€1,085 | -94.3% |
| Recurring financial charges | 65 | €1,151 | €66 | -€1,085 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,742 | -€7,125 | +€6,616 | +48.1% |
| Profit (loss) for the period | 9904 | -€13,742 | -€7,125 | +€6,616 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,742 | -€7,125 | +€6,616 | +48.1% |
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 5 October 2026 via checked.be.