TOPTOURS: 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.
TOPTOURS
Largest movements
- Tangible fixed assets -€148,805
down €148,805 (-14.9%), from €997,481 to €848,676
of which Leasing and similar rights: -€108,818
- Cash +€32,532
up €32,532 (+20.9%), from €155,485 to €188,017
mainly Depreciation (+€148,805) and Tax, wage and social debts (+€26,542)
- Debts after one year -€169,180
down €169,180 (-25.4%), from €666,387 to €497,208
- Tax, wage and social debts +€26,542
up €26,542 (+52.8%), from €50,252 to €76,794
- Profit (loss) carried forward +€25,514
up €25,514 (+1.5%), from -€1.7m to -€1.6m
- Gross operating margin -€267,017
down €267,017 (-23.4%), from €1.1m to €875,659
- Depreciation -€42,368
down €42,368 (-22.2%), from €191,173 to €148,805
- Staff costs -€12,445
down €12,445 (-1.9%), from €666,458 to €654,013
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 | €1,281,490 | €1,161,756 | -€119,734 | -9.3% |
| Fixed assets | 21/28 | €997,481 | €848,676 | -€148,805 | -14.9% |
| Tangible fixed assets | 22/27 | €997,481 | €848,676 | -€148,805 | -14.9% |
| Furniture and vehicles | 24 | €242,255 | €202,886 | -€39,369 | -16.3% |
| Leasing and similar rights | 25 | €750,470 | €641,652 | -€108,818 | -14.5% |
| Other tangible fixed assets | 26 | €4,756 | €4,138 | -€618 | -13.0% |
| Current assets | 29/58 | €284,009 | €313,080 | +€29,071 | +10.2% |
| Stocks and contracts in progress | 3 | €11,342 | €12,222 | +€880 | +7.8% |
| Stocks | 30/36 | €11,342 | €12,222 | +€880 | +7.8% |
| Amounts receivable within one year | 40/41 | €99,577 | €102,634 | +€3,058 | +3.1% |
| Trade receivables | 40 | €70,025 | €80,112 | +€10,086 | +14.4% |
| Other amounts receivable | 41 | €29,551 | €22,523 | -€7,028 | -23.8% |
| Cash at bank and in hand | 54/58 | €155,485 | €188,017 | +€32,532 | +20.9% |
| Deferred charges and accrued income | 490/1 | €17,606 | €10,207 | -€7,399 | -42.0% |
| Total equity and liabilities | 10/49 | €1,281,490 | €1,161,756 | -€119,734 | -9.3% |
| Equity | 10/15 | €368,737 | €394,251 | +€25,514 | +6.9% |
| Contributions | 10/11 | €1,332,869 | €1,332,869 | = | 0.0% |
| Capital | 10 | €1,332,869 | €1,332,869 | = | 0.0% |
| Issued capital | 100 | €1,332,869 | €1,332,869 | = | 0.0% |
| Revaluation surpluses | 12 | €315,990 | €315,990 | = | 0.0% |
| Reserves | 13 | €389,348 | €389,348 | = | 0.0% |
| Tax-exempt reserves | 132 | €389,348 | €389,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,669,469 | -€1,643,955 | +€25,514 | +1.5% |
| Amounts payable | 17/49 | €912,753 | €767,505 | -€145,248 | -15.9% |
| Amounts payable after more than one year | 17 | €666,387 | €497,208 | -€169,180 | -25.4% |
| Financial debts | 170/4 | €666,387 | €497,208 | -€169,180 | -25.4% |
| Amounts payable within one year | 42/48 | €246,366 | €270,297 | +€23,932 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €165,848 | €169,180 | +€3,332 | +2.0% |
| Financial debts | 43 | - | €6,179 | +€6,179 | |
| Credit institutions | 430/8 | - | €6,179 | +€6,179 | |
| Trade debts | 44 | €30,266 | €18,143 | -€12,122 | -40.1% |
| Suppliers | 440/4 | €30,266 | €18,143 | -€12,122 | -40.1% |
| Taxes, remuneration and social security | 45 | €50,252 | €76,794 | +€26,542 | +52.8% |
| Remuneration and social security | 454/9 | €50,252 | €76,794 | +€26,542 | +52.8% |
| Remuneration, social security and pensions | 62 | €666,458 | €654,013 | -€12,445 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,173 | €148,805 | -€42,368 | -22.2% |
| Other operating charges | 640/8 | €8,387 | €8,527 | +€140 | +1.7% |
| Gross operating margin | 9900 | €1,142,676 | €875,659 | -€267,017 | -23.4% |
| Operating profit (loss) | 9901 | €276,658 | €64,314 | -€212,344 | -76.8% |
| Financial income | 75/76B | €27 | €3 | -€24 | -87.2% |
| Recurring financial income | 75 | €27 | €3 | -€24 | -87.2% |
| Financial charges | 65/66B | €48,392 | €38,804 | -€9,588 | -19.8% |
| Recurring financial charges | 65 | €48,392 | €38,804 | -€9,588 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €228,293 | €25,514 | -€202,779 | -88.8% |
| Profit (loss) for the period | 9904 | €228,293 | €25,514 | -€202,779 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €228,293 | €25,514 | -€202,779 | -88.8% |
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 14 October 2026 via checked.be.