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Toptality: 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.

What changed

Toptality

BE 0765.622.978
NACE 78.200, Temporary employment agencies and other provision of personnel
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,625
2024 · €16,499-€12,874
Equity
€65,026
2024 · €61,400+€3,625
Cash
€243,297
2024 · €113,029+€130,268
Balance sheet total
€727,372
2024 · €1.2m-€482,679

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€615,035

    down €615,035 (-56.5%), from €1.1m to €473,284

    of which Trade receivables: -€619,933

  • Cash +€130,268

    up €130,268 (+115.3%), from €113,029 to €243,297

    mainly Receivables within one year (+€615,035) and Current portion of long-term debt (+€100,641)

Equity and liabilities
  • Advances received -€622,879

    no longer reported in 2025 (was €622,879)

  • Current portion of long-term debt +€100,641

    new in 2025: €100,641

  • Tax, wage and social debts +€65,138

    up €65,138 (+24.9%), from €261,282 to €326,420

    of which Remuneration and social security: +€73,024

  • Trade debts -€39,505

    down €39,505 (-15.2%), from €260,321 to €220,816

  • Accrued charges and deferred income +€14,462

    new in 2025: €14,462

Income statement
  • Staff costs +€753,041

    up €753,041 (+36.2%), from €2.1m to €2.8m

  • Gross operating margin +€730,738

    up €730,738 (+34.6%), from €2.1m to €2.8m

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €16,499
Gross operating margin +€730,738
Staff costs -€753,041
Other operating charges +€3,462
Financial income +€126
Financial charges -€2,077
Taxes +€7,919
Result 2025 €3,625

Cash bridge derived

cash 2024 to 2025

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.

From operations +€29,627
Investment €0
Financing +€100,641
Cash 2024 €113,029
Net result for the year +€3,625
Depreciation +€451
Receivables within one year +€615,035
Deferred charges and accrued income -€2,539
Trade debts -€39,505
Tax, wage and social debts +€65,138
Advances received -€622,879
Other debts -€4,161
Accrued charges and deferred income +€14,462
Current portion of long-term debt +€100,641
Cash 2025 €243,297
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,210,051 €727,372 -€482,679 -39.9%
Fixed assets 21/28 €4,180 €3,729 -€451 -10.8%
Tangible fixed assets 22/27 €2,974 €2,523 -€451 -15.2%
Furniture and vehicles 24 €2,974 €2,523 -€451 -15.2%
Financial fixed assets 28 €1,206 €1,206 = 0.0%
Current assets 29/58 €1,205,871 €723,642 -€482,228 -40.0%
Amounts receivable within one year 40/41 €1,088,319 €473,284 -€615,035 -56.5%
Trade receivables 40 €1,087,845 €467,912 -€619,933 -57.0%
Other amounts receivable 41 €474 €5,372 +€4,898 +1033.7%
Cash at bank and in hand 54/58 €113,029 €243,297 +€130,268 +115.3%
Deferred charges and accrued income 490/1 €4,522 €7,061 +€2,539 +56.1%
Total equity and liabilities 10/49 €1,210,051 €727,372 -€482,679 -39.9%
Equity 10/15 €61,400 €65,026 +€3,625 +5.9%
Contributions 10/11 €3,000 €3,000 = 0.0%
Outside capital 11 €3,000 €3,000 = 0.0%
Other 1109/19 €3,000 €3,000 = 0.0%
Reserves 13 €58,400 €62,026 +€3,625 +6.2%
Distributable reserves 133 €58,400 €62,026 +€3,625 +6.2%
Amounts payable 17/49 €1,148,651 €662,346 -€486,305 -42.3%
Amounts payable within one year 42/48 €1,148,651 €647,884 -€500,767 -43.6%
Current portion of amounts payable after more than one year 42 - €100,641 +€100,641
Trade debts 44 €260,321 €220,816 -€39,505 -15.2%
Suppliers 440/4 €260,321 €220,816 -€39,505 -15.2%
Advances received on contracts in progress 46 €622,879 - -€622,879
Taxes, remuneration and social security 45 €261,282 €326,420 +€65,138 +24.9%
Taxes 450/3 €12,140 €4,253 -€7,886 -65.0%
Remuneration and social security 454/9 €249,142 €322,166 +€73,024 +29.3%
Other amounts payable 47/48 €4,168 €7 -€4,161 -99.8%
Accrued charges and deferred income 492/3 - €14,462 +€14,462
Remuneration, social security and pensions 62 €2,079,718 €2,832,760 +€753,041 +36.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €451 €451 = 0.0%
Other operating charges 640/8 €4,561 €1,099 -€3,462 -75.9%
Gross operating margin 9900 €2,113,366 €2,844,104 +€730,738 +34.6%
Operating profit (loss) 9901 €28,635 €9,794 -€18,841 -65.8%
Financial income 75/76B €108 €234 +€126 +117.3%
Recurring financial income 75 €108 €234 +€126 +117.3%
Financial charges 65/66B €72 €2,149 +€2,077 +2884.0%
Recurring financial charges 65 €72 €2,149 +€2,077 +2884.0%
Profit (loss) for the period before taxes 9903 €28,671 €7,879 -€20,792 -72.5%
Income taxes 67/77 €12,172 €4,253 -€7,919 -65.1%
Profit (loss) for the period 9904 €16,499 €3,625 -€12,874 -78.0%
Profit (loss) for the period to be appropriated 9905 €16,499 €3,625 -€12,874 -78.0%

Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.