TOPTIMAL: 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.
TOPTIMAL
Largest movements
- Cash +€24,976
up €24,976 (+85.4%), from €29,259 to €54,235
mainly Depreciation (+€31,502) and Net result for the year (+€16,924)
- Receivables within one year -€8,865
down €8,865 (-21.0%), from €42,130 to €33,265
of which Other amounts receivable: -€4,853
- Profit (loss) carried forward +€16,924
up €16,924 (+32.8%), from €51,532 to €68,456
- Trade debts +€5,455
up €5,455 (+69.0%), from €7,909 to €13,364
- Gross operating margin +€17,879
up €17,879 (+16.4%), from €109,288 to €127,167
- Taxes +€6,626
up €6,626 (+339.4%), from €1,952 to €8,578
- Depreciation -€6,261
down €6,261 (-16.6%), from €37,763 to €31,502
- Staff costs +€6,115
up €6,115 (+10.8%), from €56,616 to €62,731
- Financial charges +€1,856
up €1,856 (+42.9%), from €4,330 to €6,186
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 | €497,284 | €514,351 | +€17,067 | +3.4% |
| Fixed assets | 21/28 | €424,015 | €425,198 | +€1,183 | +0.3% |
| Tangible fixed assets | 22/27 | €424,015 | €425,198 | +€1,183 | +0.3% |
| Land and buildings | 22 | €373,972 | €382,892 | +€8,920 | +2.4% |
| Plant, machinery and equipment | 23 | €38,987 | €35,066 | -€3,921 | -10.1% |
| Furniture and vehicles | 24 | €11,056 | €7,240 | -€3,816 | -34.5% |
| Current assets | 29/58 | €73,269 | €89,153 | +€15,884 | +21.7% |
| Stocks and contracts in progress | 3 | €1,880 | €1,653 | -€227 | -12.1% |
| Stocks | 30/36 | €1,880 | €1,653 | -€227 | -12.1% |
| Amounts receivable within one year | 40/41 | €42,130 | €33,265 | -€8,865 | -21.0% |
| Trade receivables | 40 | €4,012 | - | -€4,012 | |
| Other amounts receivable | 41 | €38,118 | €33,265 | -€4,853 | -12.7% |
| Cash at bank and in hand | 54/58 | €29,259 | €54,235 | +€24,976 | +85.4% |
| Total equity and liabilities | 10/49 | €497,284 | €514,351 | +€17,067 | +3.4% |
| Equity | 10/15 | €312,576 | €329,500 | +€16,924 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €52,444 | €52,444 | = | 0.0% |
| 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 | €50,584 | €50,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,532 | €68,456 | +€16,924 | +32.8% |
| Amounts payable | 17/49 | €184,708 | €184,851 | +€143 | +0.1% |
| Amounts payable after more than one year | 17 | €137,292 | €133,304 | -€3,988 | -2.9% |
| Financial debts | 170/4 | €137,292 | €133,304 | -€3,988 | -2.9% |
| Amounts payable within one year | 42/48 | €47,416 | €51,547 | +€4,131 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €24,339 | €22,316 | -€2,023 | -8.3% |
| Trade debts | 44 | €7,909 | €13,364 | +€5,455 | +69.0% |
| Suppliers | 440/4 | €7,909 | €13,364 | +€5,455 | +69.0% |
| Taxes, remuneration and social security | 45 | €15,168 | €15,867 | +€699 | +4.6% |
| Taxes | 450/3 | €13,457 | €1,801 | -€11,656 | -86.6% |
| Remuneration and social security | 454/9 | €1,711 | €14,066 | +€12,355 | +722.1% |
| Non-recurring operating income | 76A | - | €15,707 | +€15,707 | |
| Remuneration, social security and pensions | 62 | €56,616 | €62,731 | +€6,115 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,763 | €31,502 | -€6,261 | -16.6% |
| Other operating charges | 640/8 | €195 | €1,471 | +€1,276 | +654.4% |
| Gross operating margin | 9900 | €109,288 | €127,167 | +€17,879 | +16.4% |
| Operating profit (loss) | 9901 | €14,714 | €31,463 | +€16,749 | +113.8% |
| Financial income | 75/76B | €107 | €225 | +€118 | +110.3% |
| Recurring financial income | 75 | €107 | €225 | +€118 | +110.3% |
| Financial charges | 65/66B | €4,330 | €6,186 | +€1,856 | +42.9% |
| Recurring financial charges | 65 | €4,330 | €6,186 | +€1,856 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €10,491 | €25,502 | +€15,011 | +143.1% |
| Income taxes | 67/77 | €1,952 | €8,578 | +€6,626 | +339.4% |
| Profit (loss) for the period | 9904 | €8,539 | €16,924 | +€8,385 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,539 | €16,924 | +€8,385 | +98.2% |
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.