TOPVISION: 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.
TOPVISION
Largest movements
- Current investments +€260,935
up €260,935 (+31.0%), from €841,415 to €1.1m
- Cash -€184,528
down €184,528 (-91.9%), from €200,686 to €16,158
mainly Current investments (-€260,935) and Contributions, distributions and other (-€210,000)
- Tangible fixed assets -€14,134
down €14,134 (-33.9%), from €41,695 to €27,561
- Other debts +€183,683
up €183,683 (+868.4%), from €21,152 to €204,835
- Tax, wage and social debts -€154,164
down €154,164 (-80.0%), from €192,688 to €38,523
- Reserves +€30,882
up €30,882 (+3.3%), from €935,712 to €966,594
- Taxes -€18,782
down €18,782 (-17.8%), from €105,360 to €86,578
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 | €1,154,552 | €1,217,605 | +€63,053 | +5.5% |
| Fixed assets | 21/28 | €78,513 | €64,379 | -€14,134 | -18.0% |
| Tangible fixed assets | 22/27 | €41,695 | €27,561 | -€14,134 | -33.9% |
| Furniture and vehicles | 24 | €41,695 | €27,561 | -€14,134 | -33.9% |
| Financial fixed assets | 28 | €36,818 | €36,818 | = | 0.0% |
| Current assets | 29/58 | €1,076,038 | €1,153,226 | +€77,187 | +7.2% |
| Amounts receivable within one year | 40/41 | - | €6,897 | +€6,897 | |
| Trade receivables | 40 | - | €6,897 | +€6,897 | |
| Current investments | 50/53 | €841,415 | €1,102,350 | +€260,935 | +31.0% |
| Cash at bank and in hand | 54/58 | €200,686 | €16,158 | -€184,528 | -91.9% |
| Deferred charges and accrued income | 490/1 | €33,937 | €27,820 | -€6,117 | -18.0% |
| Total equity and liabilities | 10/49 | €1,154,552 | €1,217,605 | +€63,053 | +5.5% |
| Equity | 10/15 | €940,712 | €971,594 | +€30,882 | +3.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €935,712 | €966,594 | +€30,882 | +3.3% |
| Distributable reserves | 133 | €935,712 | €966,594 | +€30,882 | +3.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €213,840 | €246,010 | +€32,171 | +15.0% |
| Amounts payable within one year | 42/48 | €213,840 | €243,381 | +€29,542 | +13.8% |
| Trade debts | 44 | €0 | €23 | +€23 | |
| Suppliers | 440/4 | €0 | €23 | +€23 | |
| Taxes, remuneration and social security | 45 | €192,688 | €38,523 | -€154,164 | -80.0% |
| Taxes | 450/3 | €192,688 | €38,523 | -€154,164 | -80.0% |
| Other amounts payable | 47/48 | €21,152 | €204,835 | +€183,683 | +868.4% |
| Accrued charges and deferred income | 492/3 | - | €2,629 | +€2,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,134 | €14,134 | = | 0.0% |
| Other operating charges | 640/8 | €1,933 | €2,063 | +€130 | +6.7% |
| Gross operating margin | 9900 | €344,772 | €345,524 | +€753 | +0.2% |
| Operating profit (loss) | 9901 | €328,705 | €329,327 | +€623 | +0.2% |
| Financial income | 75/76B | €568 | €341 | -€227 | -39.9% |
| Recurring financial income | 75 | €568 | €341 | -€227 | -39.9% |
| Financial charges | 65/66B | €3,943 | €2,208 | -€1,735 | -44.0% |
| Recurring financial charges | 65 | €3,943 | €2,208 | -€1,735 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €325,330 | €327,460 | +€2,130 | +0.7% |
| Income taxes | 67/77 | €105,360 | €86,578 | -€18,782 | -17.8% |
| Profit (loss) for the period | 9904 | €219,970 | €240,882 | +€20,912 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €219,970 | €240,882 | +€20,912 | +9.5% |
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 7 October 2026 via checked.be.