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Toptarget: 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.

What changed

Toptarget

BE 1004.747.774
NACE 77.400, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€64,327
2024 · -€5,218+€69,544
Equity
€62,109
2024 · -€2,218+€64,327
Cash
€81,273
2024 · €804+€80,470
Balance sheet total
€81,273
2024 · €1,048+€80,226

Largest movements

2024 to 2025
Assets
  • Cash +€80,470

    up €80,470 (+10,012%), from €804 to €81,273

    mainly Net result for the year (+€64,327) and Tax, wage and social debts (+€18,923)

Equity and liabilities
  • Profit (loss) carried forward +€64,327

    up €64,327, from -€5,218 to €59,109

  • Tax, wage and social debts +€18,923

    new in 2025: €18,923

  • Other debts -€3,265

    no longer reported in 2025 (was €3,265)

Income statement
  • Gross operating margin +€89,155

    up €89,155, from -€4,687 to €84,469

  • Taxes +€19,712

    new in 2025: €19,712

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 -€5,218
Gross operating margin +€89,155
Other operating charges +€98
Financial charges +€3
Taxes -€19,712
Result 2025 €64,327
raises the resultlowers the result

Derived cash bridge

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 +€80,470
Investment €0
Financing €0
Cash 2024 €804
Net result for the year +€64,327
Receivables within one year +€244
Trade debts +€241
Tax, wage and social debts +€18,923
Other debts -€3,265
Cash 2025 €81,273
brings cash intakes cash out
Every line side by side 25 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,048 €81,273 +€80,226 +7,657%
Current assets 29/58 €1,048 €81,273 +€80,226 +7,657%
Amounts receivable within one year 40/41 €244 - -€244
Other amounts receivable 41 €244 - -€244
Cash at bank and in hand 54/58 €804 €81,273 +€80,470 +10,012%
Total equity and liabilities 10/49 €1,048 €81,273 +€80,226 +7,657%
Equity 10/15 -€2,218 €62,109 +€64,327
Contributions 10/11 €3,000 €3,000 = 0.0%
Profit (loss) carried forward 14 -€5,218 €59,109 +€64,327
Amounts payable 17/49 €3,265 €19,164 +€15,899 +487%
Amounts payable within one year 42/48 €3,265 €19,164 +€15,899 +487%
Trade debts 44 - €241 +€241
Suppliers 440/4 - €241 +€241
Taxes, remuneration and social security 45 - €18,923 +€18,923
Taxes 450/3 - €18,923 +€18,923
Other amounts payable 47/48 €3,265 - -€3,265
Other operating charges 640/8 €487 €389 -€98 -20.0%
Gross operating margin 9900 -€4,687 €84,469 +€89,155
Operating profit (loss) 9901 -€5,174 €84,079 +€89,253
Financial charges 65/66B €44 €40 -€3 -7.1%
Recurring financial charges 65 €44 €40 -€3 -7.1%
Profit (loss) for the period before taxes 9903 -€5,218 €84,039 +€89,256
Income taxes 67/77 - €19,712 +€19,712
Profit (loss) for the period 9904 -€5,218 €64,327 +€69,544
Profit (loss) for the period to be appropriated 9905 -€5,218 €64,327 +€69,544

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 14 October 2026 via checked.be.