TOPTILE: 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.
TOPTILE
Largest movements
- Receivables within one year -€143,299
down €143,299 (-51.2%), from €280,036 to €136,737
of which Trade receivables: -€147,211
- Cash -€25,930
down €25,930 (-57.1%), from €45,424 to €19,494
mainly Other debts (-€175,000) and Trade debts (-€31,886)
- Tangible fixed assets -€14,730
down €14,730 (-35.0%), from €42,128 to €27,398
- Other debts -€175,000
down €175,000 (-100.0%), from €175,000 to €0
- Trade debts -€31,886
down €31,886 (-92.8%), from €34,346 to €2,460
- Debts after one year +€20,951
new in 2025: €20,951
- Tax, wage and social debts -€8,335
down €8,335 (-33.6%), from €24,825 to €16,490
of which Taxes: -€7,234
- Reserves +€7,894
up €7,894 (+6.9%), from €113,841 to €121,735
- Gross operating margin +€59,907
up €59,907 (+14.5%), from €413,553 to €473,460
- Staff costs +€38,643
up €38,643 (+9.6%), from €400,820 to €439,463
- Depreciation -€7,859
down €7,859 (-34.8%), from €22,589 to €14,730
- Taxes +€6,120
up €6,120 (+1087.1%), from €563 to €6,683
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 | €368,709 | €183,945 | -€184,764 | -50.1% |
| Fixed assets | 21/28 | €42,628 | €27,398 | -€15,230 | -35.7% |
| Tangible fixed assets | 22/27 | €42,128 | €27,398 | -€14,730 | -35.0% |
| Furniture and vehicles | 24 | €42,128 | €27,398 | -€14,730 | -35.0% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100.0% |
| Current assets | 29/58 | €326,081 | €156,547 | -€169,534 | -52.0% |
| Amounts receivable within one year | 40/41 | €280,036 | €136,737 | -€143,299 | -51.2% |
| Trade receivables | 40 | €254,166 | €106,955 | -€147,211 | -57.9% |
| Other amounts receivable | 41 | €25,870 | €29,782 | +€3,912 | +15.1% |
| Cash at bank and in hand | 54/58 | €45,424 | €19,494 | -€25,930 | -57.1% |
| Deferred charges and accrued income | 490/1 | €621 | €316 | -€306 | -49.2% |
| Total equity and liabilities | 10/49 | €368,709 | €183,945 | -€184,764 | -50.1% |
| Equity | 10/15 | €120,041 | €127,935 | +€7,894 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,841 | €121,735 | +€7,894 | +6.9% |
| Distributable reserves | 133 | €113,841 | €121,735 | +€7,894 | +6.9% |
| Amounts payable | 17/49 | €248,669 | €56,010 | -€192,658 | -77.5% |
| Amounts payable after more than one year | 17 | - | €20,951 | +€20,951 | |
| Financial debts | 170/4 | - | €20,951 | +€20,951 | |
| Amounts payable within one year | 42/48 | €248,669 | €35,059 | -€213,609 | -85.9% |
| Current portion of amounts payable after more than one year | 42 | €4,498 | €6,110 | +€1,612 | +35.8% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €34,346 | €2,460 | -€31,886 | -92.8% |
| Suppliers | 440/4 | €34,346 | €2,460 | -€31,886 | -92.8% |
| Taxes, remuneration and social security | 45 | €24,825 | €16,490 | -€8,335 | -33.6% |
| Taxes | 450/3 | €8,425 | €1,191 | -€7,234 | -85.9% |
| Remuneration and social security | 454/9 | €16,400 | €15,299 | -€1,101 | -6.7% |
| Other amounts payable | 47/48 | €175,000 | €0 | -€175,000 | -100.0% |
| Non-recurring operating income | 76A | €13,166 | €0 | -€13,166 | -100.0% |
| Remuneration, social security and pensions | 62 | €400,820 | €439,463 | +€38,643 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,589 | €14,730 | -€7,859 | -34.8% |
| Other operating charges | 640/8 | €1,660 | €1,661 | +€1 | +0.1% |
| Gross operating margin | 9900 | €413,553 | €473,460 | +€59,907 | +14.5% |
| Operating profit (loss) | 9901 | -€11,516 | €17,606 | +€29,121 | |
| Financial income | 75/76B | €17 | €19 | +€1 | +7.1% |
| Recurring financial income | 75 | €17 | €19 | +€1 | +7.1% |
| Financial charges | 65/66B | €2,202 | €3,046 | +€845 | +38.4% |
| Recurring financial charges | 65 | €2,202 | €3,046 | +€845 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,700 | €14,578 | +€28,278 | |
| Income taxes | 67/77 | €563 | €6,683 | +€6,120 | +1087.1% |
| Profit (loss) for the period | 9904 | -€14,263 | €7,894 | +€22,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,263 | €7,894 | +€22,157 |
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 9 October 2026 via checked.be.