TopTech Engineering: 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.
TopTech Engineering
Largest movements
- Receivables within one year -€137,516
down €137,516 (-42.8%), from €321,013 to €183,497
of which Trade receivables: -€125,774
- Cash -€65,469
down €65,469 (-66.0%), from €99,161 to €33,692
mainly Trade debts (-€182,326) and Other debts (-€23,094)
- Tangible fixed assets -€13,181
down €13,181 (-41.3%), from €31,925 to €18,744
of which Furniture and vehicles: -€12,097
- Trade debts -€182,326
down €182,326 (-69.2%), from €263,341 to €81,015
- Other debts -€23,094
no longer reported in 2025 (was €23,094)
- Tax, wage and social debts -€11,490
down €11,490 (-27.4%), from €41,931 to €30,440
of which Taxes: -€13,490
- Gross operating margin -€42,142
down €42,142 (-60.4%), from €69,800 to €27,658
- Other operating charges +€10,556
up €10,556 (+345.0%), from €3,059 to €13,616
- Taxes -€9,808
down €9,808 (-52.6%), from €18,644 to €8,836
- Financial income +€4,474
new in 2025: €4,474
- Depreciation -€3,472
down €3,472 (-36.7%), from €9,452 to €5,980
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 | €452,099 | €236,227 | -€215,873 | -47.7% |
| Fixed assets | 21/28 | €31,925 | €18,744 | -€13,181 | -41.3% |
| Tangible fixed assets | 22/27 | €31,925 | €18,744 | -€13,181 | -41.3% |
| Plant, machinery and equipment | 23 | €1,891 | €808 | -€1,084 | -57.3% |
| Furniture and vehicles | 24 | €30,033 | €17,936 | -€12,097 | -40.3% |
| Current assets | 29/58 | €420,175 | €217,483 | -€202,692 | -48.2% |
| Amounts receivable within one year | 40/41 | €321,013 | €183,497 | -€137,516 | -42.8% |
| Trade receivables | 40 | €219,290 | €93,517 | -€125,774 | -57.4% |
| Other amounts receivable | 41 | €101,723 | €89,980 | -€11,742 | -11.5% |
| Cash at bank and in hand | 54/58 | €99,161 | €33,692 | -€65,469 | -66.0% |
| Deferred charges and accrued income | 490/1 | - | €293 | +€293 | |
| Total equity and liabilities | 10/49 | €452,099 | €236,227 | -€215,873 | -47.7% |
| Equity | 10/15 | €123,734 | €124,771 | +€1,038 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,773 | €102,811 | +€1,038 | +1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,913 | €100,951 | +€1,038 | +1.0% |
| Profit (loss) carried forward | 14 | €3,361 | €3,361 | = | 0.0% |
| Amounts payable | 17/49 | €328,366 | €111,455 | -€216,910 | -66.1% |
| Amounts payable within one year | 42/48 | €328,366 | €111,455 | -€216,910 | -66.1% |
| Trade debts | 44 | €263,341 | €81,015 | -€182,326 | -69.2% |
| Suppliers | 440/4 | €263,341 | €81,015 | -€182,326 | -69.2% |
| Taxes, remuneration and social security | 45 | €41,931 | €30,440 | -€11,490 | -27.4% |
| Taxes | 450/3 | €41,931 | €28,440 | -€13,490 | -32.2% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €23,094 | - | -€23,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,452 | €5,980 | -€3,472 | -36.7% |
| Other operating charges | 640/8 | €3,059 | €13,616 | +€10,556 | +345.0% |
| Gross operating margin | 9900 | €69,800 | €27,658 | -€42,142 | -60.4% |
| Operating profit (loss) | 9901 | €57,289 | €8,062 | -€49,227 | -85.9% |
| Financial income | 75/76B | - | €4,474 | +€4,474 | |
| Recurring financial income | 75 | - | €4,474 | +€4,474 | |
| Financial charges | 65/66B | €1,273 | €2,663 | +€1,389 | +109.1% |
| Recurring financial charges | 65 | €1,273 | €2,663 | +€1,389 | +109.1% |
| Profit (loss) for the period before taxes | 9903 | €56,015 | €9,873 | -€46,142 | -82.4% |
| Income taxes | 67/77 | €18,644 | €8,836 | -€9,808 | -52.6% |
| Profit (loss) for the period | 9904 | €37,371 | €1,038 | -€36,334 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,371 | €1,038 | -€36,334 | -97.2% |
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 3 October 2026 via checked.be.