TOPTEC BENELUX: 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.
TOPTEC BENELUX
Largest movements
- Cash -€106,771
down €106,771 (-28.4%), from €375,299 to €268,528
mainly Contributions, distributions and other (-€255,570) and Stocks and contracts (-€18,846)
- Receivables within one year -€48,958
down €48,958 (-56.1%), from €87,315 to €38,357
of which Trade receivables: -€40,520
- Stocks and contracts +€18,846
new in 2025: €18,846
- Tangible fixed assets -€10,028
down €10,028 (-25.6%), from €39,096 to €29,068
of which Land and buildings: -€8,181
- Reserves -€156,000
down €156,000 (-44.5%), from €350,735 to €194,735
- Tax, wage and social debts +€9,924
up €9,924 (+103%), from €9,654 to €19,578
of which Taxes: +€7,398
- Gross operating margin -€6,447
down €6,447 (-4.2%), from €151,997 to €145,550
- Depreciation -€2,867
down €2,867 (-22.5%), from €12,769 to €9,902
- Financial income -€2,385
down €2,385 (-64.2%), from €3,716 to €1,331
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.
Derived cash bridge
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 | €554,578 | €407,421 | -€147,157 | -26.5% |
| Fixed assets | 21/28 | €39,096 | €29,068 | -€10,028 | -25.6% |
| Tangible fixed assets | 22/27 | €39,096 | €29,068 | -€10,028 | -25.6% |
| Land and buildings | 22 | €31,402 | €23,221 | -€8,181 | -26.1% |
| Plant, machinery and equipment | 23 | €6,991 | €5,595 | -€1,396 | -20.0% |
| Furniture and vehicles | 24 | €703 | €252 | -€451 | -64.2% |
| Current assets | 29/58 | €515,482 | €378,353 | -€137,129 | -26.6% |
| Stocks and contracts in progress | 3 | - | €18,846 | +€18,846 | |
| Stocks | 30/36 | - | €18,846 | +€18,846 | |
| Amounts receivable within one year | 40/41 | €87,315 | €38,357 | -€48,958 | -56.1% |
| Trade receivables | 40 | €72,312 | €31,792 | -€40,520 | -56.0% |
| Other amounts receivable | 41 | €15,003 | €6,565 | -€8,438 | -56.2% |
| Current investments | 50/53 | €49,893 | €49,893 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €375,299 | €268,528 | -€106,771 | -28.4% |
| Deferred charges and accrued income | 490/1 | €2,975 | €2,729 | -€246 | -8.3% |
| Total equity and liabilities | 10/49 | €554,578 | €407,421 | -€147,157 | -26.5% |
| Equity | 10/15 | €483,659 | €327,659 | -€156,000 | -32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €350,735 | €194,735 | -€156,000 | -44.5% |
| Distributable reserves | 133 | €350,735 | €194,735 | -€156,000 | -44.5% |
| Profit (loss) carried forward | 14 | €114,324 | €114,324 | = | 0.0% |
| Amounts payable | 17/49 | €70,919 | €79,762 | +€8,843 | +12.5% |
| Amounts payable within one year | 42/48 | €70,919 | €78,052 | +€7,133 | +10.1% |
| Trade debts | 44 | €5,877 | €7,893 | +€2,016 | +34.3% |
| Suppliers | 440/4 | €5,877 | €7,893 | +€2,016 | +34.3% |
| Taxes, remuneration and social security | 45 | €9,654 | €19,578 | +€9,924 | +103% |
| Taxes | 450/3 | €9,654 | €17,052 | +€7,398 | +76.6% |
| Remuneration and social security | 454/9 | - | €2,526 | +€2,526 | |
| Other amounts payable | 47/48 | €55,388 | €50,581 | -€4,807 | -8.7% |
| Accrued charges and deferred income | 492/3 | - | €1,710 | +€1,710 | |
| Non-recurring operating income | 76A | €17,184 | - | -€17,184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,769 | €9,902 | -€2,867 | -22.5% |
| Other operating charges | 640/8 | €2,637 | €2,135 | -€502 | -19.0% |
| Gross operating margin | 9900 | €151,997 | €145,550 | -€6,447 | -4.2% |
| Operating profit (loss) | 9901 | €136,591 | €133,513 | -€3,078 | -2.3% |
| Financial income | 75/76B | €3,716 | €1,331 | -€2,385 | -64.2% |
| Recurring financial income | 75 | €3,716 | €1,331 | -€2,385 | -64.2% |
| Financial charges | 65/66B | €257 | €281 | +€24 | +9.3% |
| Recurring financial charges | 65 | €257 | €281 | +€24 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €140,050 | €134,563 | -€5,487 | -3.9% |
| Income taxes | 67/77 | €34,663 | €34,993 | +€330 | +1.0% |
| Profit (loss) for the period | 9904 | €105,387 | €99,570 | -€5,817 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €105,387 | €99,570 | -€5,817 | -5.5% |
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 27 October 2026 via checked.be.