TOPTEL-DATA: 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.
TOPTEL-DATA
Largest movements
- Current investments +€34,525
up €34,525 (+12.2%), from €284,013 to €318,539
- Receivables within one year -€7,697
down €7,697 (-57.4%), from €13,398 to €5,701
of which Trade receivables: -€8,221
- Reserves +€19,227
up €19,227 (+8.7%), from €220,931 to €240,158
of which Distributable reserves: +€19,227
- Trade debts +€7,477
new in 2025: €7,477
- Gross operating margin -€20,223
down €20,223 (-64.3%), from €31,461 to €11,238
- Financial charges +€813
up €813 (+398.2%), from €204 to €1,017
- Financial income -€614
down €614 (-5.5%), from €11,114 to €10,500
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 | €321,190 | €346,506 | +€25,316 | +7.9% |
| Fixed assets | 21/28 | €1,656 | €258 | -€1,397 | -84.4% |
| Tangible fixed assets | 22/27 | €1,656 | €258 | -€1,397 | -84.4% |
| Plant, machinery and equipment | 23 | €851 | €26 | -€824 | -96.9% |
| Furniture and vehicles | 24 | €805 | €232 | -€573 | -71.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €319,535 | €346,248 | +€26,713 | +8.4% |
| Amounts receivable within one year | 40/41 | €13,398 | €5,701 | -€7,697 | -57.4% |
| Trade receivables | 40 | €10,672 | €2,451 | -€8,221 | -77.0% |
| Other amounts receivable | 41 | €2,725 | €3,250 | +€524 | +19.2% |
| Current investments | 50/53 | €284,013 | €318,539 | +€34,525 | +12.2% |
| Cash at bank and in hand | 54/58 | €22,039 | €20,191 | -€1,848 | -8.4% |
| Deferred charges and accrued income | 490/1 | €85 | €1,818 | +€1,733 | +2039.5% |
| Total equity and liabilities | 10/49 | €321,190 | €346,506 | +€25,316 | +7.9% |
| Equity | 10/15 | €318,923 | €338,150 | +€19,227 | +6.0% |
| Contributions | 10/11 | €97,992 | €97,992 | = | 0.0% |
| Reserves | 13 | €220,931 | €240,158 | +€19,227 | +8.7% |
| Non-distributable reserves | 130/1 | €3,719 | €3,719 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,719 | €3,719 | = | 0.0% |
| Distributable reserves | 133 | €217,212 | €236,439 | +€19,227 | +8.9% |
| Amounts payable | 17/49 | €2,267 | €8,356 | +€6,089 | +268.6% |
| Amounts payable within one year | 42/48 | €2,267 | €8,224 | +€5,957 | +262.7% |
| Trade debts | 44 | - | €7,477 | +€7,477 | |
| Suppliers | 440/4 | - | €7,477 | +€7,477 | |
| Taxes, remuneration and social security | 45 | €970 | €507 | -€463 | -47.7% |
| Taxes | 450/3 | €970 | €507 | -€463 | -47.7% |
| Other amounts payable | 47/48 | €1,297 | €240 | -€1,057 | -81.5% |
| Accrued charges and deferred income | 492/3 | - | €132 | +€132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674 | €1,397 | -€277 | -16.5% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €31,461 | €11,238 | -€20,223 | -64.3% |
| Operating profit (loss) | 9901 | €29,725 | €9,778 | -€19,946 | -67.1% |
| Financial income | 75/76B | €11,114 | €10,500 | -€614 | -5.5% |
| Recurring financial income | 75 | €11,114 | €10,500 | -€614 | -5.5% |
| Financial charges | 65/66B | €204 | €1,017 | +€813 | +398.2% |
| Recurring financial charges | 65 | €204 | €1,017 | +€813 | +398.2% |
| Profit (loss) for the period before taxes | 9903 | €40,635 | €19,261 | -€21,373 | -52.6% |
| Income taxes | 67/77 | €0 | €34 | +€34 | |
| Profit (loss) for the period | 9904 | €40,635 | €19,227 | -€21,408 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,635 | €19,227 | -€21,408 | -52.7% |
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 28 September 2026 via checked.be.