JW TOPO: what changed
JW TOPO
Largest movements
- Receivables within one year -€24,559
down €24,559 (-40.2%), from €61,053 to €36,494
of which Trade receivables: -€18,482
- Cash -€24,296
down €24,296 (-29.3%), from €82,987 to €58,691
mainly Contributions, distributions and other (-€125,000) and Investment in fixed assets (net) (-€22,057)
- Current investments -€15,831
down €15,831 (-72.6%), from €21,811 to €5,980
- Tangible fixed assets -€15,237
down €15,237 (-11.4%), from €133,646 to €118,409
of which Furniture and vehicles: -€16,898
- Profit (loss) carried forward -€52,647
down €52,647 (-41.7%), from €126,336 to €73,689
- Other debts -€18,789
down €18,789 (-14.6%), from €128,929 to €110,140
- Tax, wage and social debts -€7,115
down €7,115 (-27.4%), from €25,979 to €18,864
- Depreciation +€10,120
up €10,120 (+37.2%), from €27,173 to €37,293
- Purchases and services -€8,715
down €8,715 (-6.3%), from €139,322 to €130,608
- Financial income +€8,168
up €8,168 (+7,302%), from €112 to €8,279
- Gross operating margin -€7,047
down €7,047 (-5.6%), from €125,698 to €118,652
- Taxes -€2,247
down €2,247 (-11.9%), from €18,948 to €16,701
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,899 | €224,136 | -€79,763 | -26.2% |
| Fixed assets | 21/28 | €133,646 | €118,409 | -€15,237 | -11.4% |
| Tangible fixed assets | 22/27 | €133,646 | €118,409 | -€15,237 | -11.4% |
| Plant, machinery and equipment | 23 | €40,841 | €28,203 | -€12,638 | -30.9% |
| Furniture and vehicles | 24 | €79,299 | €62,400 | -€16,898 | -21.3% |
| Other tangible fixed assets | 26 | €13,506 | €27,806 | +€14,299 | +106% |
| Current assets | 29/58 | €170,253 | €105,727 | -€64,526 | -37.9% |
| Amounts receivable within one year | 40/41 | €61,053 | €36,494 | -€24,559 | -40.2% |
| Trade receivables | 40 | €54,970 | €36,487 | -€18,482 | -33.6% |
| Other amounts receivable | 41 | €6,084 | €6 | -€6,077 | -99.9% |
| Current investments | 50/53 | €21,811 | €5,980 | -€15,831 | -72.6% |
| Cash at bank and in hand | 54/58 | €82,987 | €58,691 | -€24,296 | -29.3% |
| Deferred charges and accrued income | 490/1 | €4,402 | €4,563 | +€161 | +3.6% |
| Total equity and liabilities | 10/49 | €303,899 | €224,136 | -€79,763 | -26.2% |
| Equity | 10/15 | €140,596 | €87,949 | -€52,647 | -37.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €126,336 | €73,689 | -€52,647 | -41.7% |
| Amounts payable | 17/49 | €163,303 | €136,187 | -€27,116 | -16.6% |
| Amounts payable within one year | 42/48 | €163,303 | €136,187 | -€27,116 | -16.6% |
| Trade debts | 44 | €8,396 | €7,184 | -€1,212 | -14.4% |
| Suppliers | 440/4 | €8,396 | €7,184 | -€1,212 | -14.4% |
| Taxes, remuneration and social security | 45 | €25,979 | €18,864 | -€7,115 | -27.4% |
| Taxes | 450/3 | €25,979 | €18,864 | -€7,115 | -27.4% |
| Other amounts payable | 47/48 | €128,929 | €110,140 | -€18,789 | -14.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €139,322 | €130,608 | -€8,715 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,173 | €37,293 | +€10,120 | +37.2% |
| Other operating charges | 640/8 | €321 | €330 | +€9 | +2.9% |
| Gross operating margin | 9900 | €125,698 | €118,652 | -€7,047 | -5.6% |
| Operating profit (loss) | 9901 | €98,204 | €81,029 | -€17,175 | -17.5% |
| Financial income | 75/76B | €112 | €8,279 | +€8,168 | +7,302% |
| Recurring financial income | 75 | €112 | €8,279 | +€8,168 | +7,302% |
| Financial charges | 65/66B | €125 | €254 | +€129 | +104% |
| Recurring financial charges | 65 | €125 | €254 | +€129 | +104% |
| Profit (loss) for the period before taxes | 9903 | €98,191 | €89,054 | -€9,137 | -9.3% |
| Income taxes | 67/77 | €18,948 | €16,701 | -€2,247 | -11.9% |
| Profit (loss) for the period | 9904 | €79,243 | €72,353 | -€6,890 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,243 | €72,353 | -€6,890 | -8.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.