TOPEAR: what changed
TOPEAR
Largest movements
- Receivables within one year +€16,163
up €16,163 (+47.6%), from €33,972 to €50,135
of which Other amounts receivable: +€13,930
- Cash +€12,222
up €12,222 (+16.8%), from €72,548 to €84,769
mainly Net result for the year (+€40,048) and Depreciation (+€20,096)
- Tangible fixed assets -€8,731
down €8,731 (-14.0%), from €62,436 to €53,705
of which Furniture and vehicles: -€12,038
- Profit (loss) carried forward +€40,048
up €40,048 (+32.4%), from €123,751 to €163,799
- Debts after one year -€17,797
down €17,797 (-92.3%), from €19,290 to €1,493
- Trade debts -€2,609
down €2,609 (-90.0%), from €2,898 to €289
- Gross operating margin +€19,386
up €19,386 (+35.6%), from €54,489 to €73,875
- Taxes +€3,908
up €3,908 (+48.0%), from €8,140 to €12,047
- Financial charges +€922
up €922 (+493%), from €187 to €1,109
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,570 | €208,565 | +€18,995 | +10.0% |
| Fixed assets | 21/28 | €62,436 | €53,705 | -€8,731 | -14.0% |
| Tangible fixed assets | 22/27 | €62,436 | €53,705 | -€8,731 | -14.0% |
| Plant, machinery and equipment | 23 | - | €1,306 | +€1,306 | |
| Furniture and vehicles | 24 | €59,686 | €47,649 | -€12,038 | -20.2% |
| Other tangible fixed assets | 26 | €2,750 | €4,750 | +€2,000 | +72.7% |
| Current assets | 29/58 | €127,133 | €154,860 | +€27,726 | +21.8% |
| Amounts receivable within one year | 40/41 | €33,972 | €50,135 | +€16,163 | +47.6% |
| Trade receivables | 40 | - | €2,234 | +€2,234 | |
| Other amounts receivable | 41 | €33,972 | €47,902 | +€13,930 | +41.0% |
| Cash at bank and in hand | 54/58 | €72,548 | €84,769 | +€12,222 | +16.8% |
| Deferred charges and accrued income | 490/1 | €20,613 | €19,955 | -€658 | -3.2% |
| Total equity and liabilities | 10/49 | €189,570 | €208,565 | +€18,995 | +10.0% |
| Equity | 10/15 | €128,751 | €168,799 | +€40,048 | +31.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,751 | €163,799 | +€40,048 | +32.4% |
| Amounts payable | 17/49 | €60,819 | €39,766 | -€21,053 | -34.6% |
| Amounts payable after more than one year | 17 | €19,290 | €1,493 | -€17,797 | -92.3% |
| Financial debts | 170/4 | €19,290 | €1,493 | -€17,797 | -92.3% |
| Amounts payable within one year | 42/48 | €41,529 | €38,273 | -€3,256 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €17,032 | €17,797 | +€765 | +4.5% |
| Trade debts | 44 | €2,898 | €289 | -€2,609 | -90.0% |
| Suppliers | 440/4 | €2,898 | €289 | -€2,609 | -90.0% |
| Taxes, remuneration and social security | 45 | €21,598 | €20,187 | -€1,411 | -6.5% |
| Taxes | 450/3 | €21,598 | €20,187 | -€1,411 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,511 | €20,096 | +€585 | +3.0% |
| Other operating charges | 640/8 | €171 | €575 | +€404 | +236% |
| Gross operating margin | 9900 | €54,489 | €73,875 | +€19,386 | +35.6% |
| Operating profit (loss) | 9901 | €34,807 | €53,204 | +€18,397 | +52.9% |
| Financial charges | 65/66B | €187 | €1,109 | +€922 | +493% |
| Recurring financial charges | 65 | €187 | €1,109 | +€922 | +493% |
| Profit (loss) for the period before taxes | 9903 | €34,620 | €52,095 | +€17,475 | +50.5% |
| Income taxes | 67/77 | €8,140 | €12,047 | +€3,908 | +48.0% |
| Profit (loss) for the period | 9904 | €26,481 | €40,048 | +€13,567 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,481 | €40,048 | +€13,567 | +51.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.