TOPUS: 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.
TOPUS
Largest movements
- Cash -€8,002
down €8,002 (-14.9%), from €53,708 to €45,706
mainly Other debts (-€26,688) and Tax, wage and social debts (-€3,222)
- Receivables within one year -€6,963
down €6,963 (-31.1%), from €22,355 to €15,392
of which Other amounts receivable: -€6,334
- Tangible fixed assets -€4,475
down €4,475 (-38.1%), from €11,733 to €7,258
of which Furniture and vehicles: -€3,633
- Other debts -€26,688
down €26,688 (-68.1%), from €39,170 to €12,482
- Reserves +€8,972
up €8,972 (+5.6%), from €161,100 to €170,072
of which Non-distributable reserves: +€8,972
- Tax, wage and social debts -€3,222
down €3,222 (-22.4%), from €14,394 to €11,172
- Financial income -€13,426
down €13,426 (-94.1%), from €14,275 to €849
- Taxes +€3,132
up €3,132 (+44.9%), from €6,970 to €10,102
- Gross operating margin +€1,518
up €1,518 (+6.4%), from €23,799 to €25,317
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 | €216,871 | €196,739 | -€20,132 | -9.3% |
| Fixed assets | 21/28 | €140,406 | €135,242 | -€5,164 | -3.7% |
| Tangible fixed assets | 22/27 | €11,733 | €7,258 | -€4,475 | -38.1% |
| Plant, machinery and equipment | 23 | €1,884 | €1,966 | +€82 | +4.4% |
| Furniture and vehicles | 24 | €5,354 | €1,721 | -€3,633 | -67.9% |
| Other tangible fixed assets | 26 | €4,495 | €3,571 | -€924 | -20.6% |
| Financial fixed assets | 28 | €128,673 | €127,984 | -€689 | -0.5% |
| Current assets | 29/58 | €76,465 | €61,497 | -€14,968 | -19.6% |
| Amounts receivable within one year | 40/41 | €22,355 | €15,392 | -€6,963 | -31.1% |
| Trade receivables | 40 | €15,004 | €14,375 | -€629 | -4.2% |
| Other amounts receivable | 41 | €7,351 | €1,017 | -€6,334 | -86.2% |
| Cash at bank and in hand | 54/58 | €53,708 | €45,706 | -€8,002 | -14.9% |
| Deferred charges and accrued income | 490/1 | €402 | €399 | -€3 | -0.7% |
| Total equity and liabilities | 10/49 | €216,871 | €196,739 | -€20,132 | -9.3% |
| Equity | 10/15 | €161,100 | €170,072 | +€8,972 | +5.6% |
| Reserves | 13 | €161,100 | €170,072 | +€8,972 | +5.6% |
| Non-distributable reserves | 130/1 | €50,016 | €58,988 | +€8,972 | +17.9% |
| Other | 1319 | €50,016 | €58,988 | +€8,972 | +17.9% |
| Distributable reserves | 133 | €111,084 | €111,084 | = | 0.0% |
| Amounts payable | 17/49 | €55,771 | €26,667 | -€29,104 | -52.2% |
| Amounts payable within one year | 42/48 | €55,771 | €26,667 | -€29,104 | -52.2% |
| Trade debts | 44 | €2,207 | €3,013 | +€806 | +36.5% |
| Suppliers | 440/4 | €2,207 | €3,013 | +€806 | +36.5% |
| Taxes, remuneration and social security | 45 | €14,394 | €11,172 | -€3,222 | -22.4% |
| Taxes | 450/3 | €14,394 | €11,172 | -€3,222 | -22.4% |
| Other amounts payable | 47/48 | €39,170 | €12,482 | -€26,688 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,670 | €5,590 | -€80 | -1.4% |
| Other operating charges | 640/8 | €580 | €728 | +€148 | +25.5% |
| Gross operating margin | 9900 | €23,799 | €25,317 | +€1,518 | +6.4% |
| Operating profit (loss) | 9901 | €17,549 | €18,999 | +€1,450 | +8.3% |
| Financial income | 75/76B | €14,275 | €849 | -€13,426 | -94.1% |
| Recurring financial income | 75 | €14,275 | €849 | -€13,426 | -94.1% |
| Financial charges | 65/66B | €677 | €774 | +€97 | +14.3% |
| Recurring financial charges | 65 | €677 | €85 | -€592 | -87.4% |
| Non-recurring financial charges | 66B | - | €689 | +€689 | |
| Profit (loss) for the period before taxes | 9903 | €31,147 | €19,074 | -€12,073 | -38.8% |
| Income taxes | 67/77 | €6,970 | €10,102 | +€3,132 | +44.9% |
| Profit (loss) for the period | 9904 | €24,177 | €8,972 | -€15,205 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,177 | €8,972 | -€15,205 | -62.9% |
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 19 October 2026 via checked.be.