TOPTECH BELGIUM: 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.
TOPTECH BELGIUM
Largest movements
- Cash -€11,229
down €11,229 (-35.5%), from €31,628 to €20,399
mainly Net result for the year (-€16,764) and Investment in fixed assets (net) (-€11,347)
- Receivables within one year -€4,647
down €4,647 (-28.2%), from €16,488 to €11,841
of which Trade receivables: -€2,902
- Tangible fixed assets +€4,606
up €4,606 (+67.1%), from €6,867 to €11,473
of which Furniture and vehicles: +€5,889
- Deferred charges and accrued income +€874
new in 2025: €874
- Profit (loss) carried forward -€16,764
down €16,764 (-73.6%), from €22,773 to €6,009
- Tax, wage and social debts +€10,671
new in 2025: €10,671
of which Remuneration and social security: +€6,933
- Trade debts -€5,106
down €5,106 (-45.5%), from €11,220 to €6,114
- Other debts +€803
new in 2025: €803
- Gross operating margin -€25,464
down €25,464, from €17,460 to -€8,004
- Depreciation +€6,741
new in 2025: €6,741
- Taxes -€3,738
no longer reported in 2025 (was €3,738)
- Financial charges +€940
new in 2025: €940
- Other operating charges +€886
new in 2025: €886
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 | €55,093 | €44,696 | -€10,396 | -18.9% |
| Fixed assets | 21/28 | €6,977 | €11,583 | +€4,606 | +66.0% |
| Tangible fixed assets | 22/27 | €6,867 | €11,473 | +€4,606 | +67.1% |
| Plant, machinery and equipment | 23 | €3,335 | €2,052 | -€1,283 | -38.5% |
| Furniture and vehicles | 24 | €3,531 | €9,420 | +€5,889 | +167% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €48,116 | €33,114 | -€15,002 | -31.2% |
| Amounts receivable within one year | 40/41 | €16,488 | €11,841 | -€4,647 | -28.2% |
| Trade receivables | 40 | €11,870 | €8,968 | -€2,902 | -24.4% |
| Other amounts receivable | 41 | €4,618 | €2,873 | -€1,745 | -37.8% |
| Cash at bank and in hand | 54/58 | €31,628 | €20,399 | -€11,229 | -35.5% |
| Deferred charges and accrued income | 490/1 | - | €874 | +€874 | |
| Total equity and liabilities | 10/49 | €55,093 | €44,696 | -€10,396 | -18.9% |
| Equity | 10/15 | €43,873 | €27,109 | -€16,764 | -38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,773 | €6,009 | -€16,764 | -73.6% |
| Amounts payable | 17/49 | €11,220 | €17,587 | +€6,368 | +56.8% |
| Amounts payable within one year | 42/48 | €11,220 | €17,587 | +€6,368 | +56.8% |
| Trade debts | 44 | €11,220 | €6,114 | -€5,106 | -45.5% |
| Suppliers | 440/4 | €11,220 | €6,114 | -€5,106 | -45.5% |
| Taxes, remuneration and social security | 45 | - | €10,671 | +€10,671 | |
| Taxes | 450/3 | - | €3,738 | +€3,738 | |
| Remuneration and social security | 454/9 | - | €6,933 | +€6,933 | |
| Other amounts payable | 47/48 | - | €803 | +€803 | |
| Remuneration, social security and pensions | 62 | - | €197 | +€197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,741 | +€6,741 | |
| Other operating charges | 640/8 | - | €886 | +€886 | |
| Gross operating margin | 9900 | €17,460 | -€8,004 | -€25,464 | |
| Operating profit (loss) | 9901 | €17,460 | -€15,827 | -€33,287 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | - | €940 | +€940 | |
| Recurring financial charges | 65 | - | €940 | +€940 | |
| Profit (loss) for the period before taxes | 9903 | €17,460 | -€16,764 | -€34,224 | |
| Income taxes | 67/77 | €3,738 | - | -€3,738 | |
| Profit (loss) for the period | 9904 | €13,722 | -€16,764 | -€30,486 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,722 | -€16,764 | -€30,486 |
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 17 October 2026 via checked.be.