TOP CLASS PRODUCTS & SERVICES: what changed
What changed
TOP CLASS PRODUCTS & SERVICES
NACE 46.460, Wholesale of pharmaceutical and medical goods
filed annual accounts (NBB)
Net result for the year
€120,705
2025 · €910,116-€789,411
Equity
€4.1m
2025 · €4.0m+€120,705
Cash
€450,658
2025 · €1.2m-€706,712
Balance sheet total
€5.7m
2025 · €6.4m-€752,192
Largest movements
Assets
- Cash -€706,712
down €706,712 (-61.1%), from €1.2m to €450,658
mainly Trade debts (-€1.1m) and Receivables within one year (-€693,510)
- Receivables within one year +€693,510
up €693,510 (+36.7%), from €1.9m to €2.6m
of which Trade receivables: +€484,562
- Current investments -€459,173
down €459,173 (-98.6%), from €465,572 to €6,398
- Stocks and contracts -€277,835
down €277,835 (-15.5%), from €1.8m to €1.5m
- Intangible fixed assets +€159,597
up €159,597 (+127%), from €125,785 to €285,382
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-67.9%), from €1.6m to €509,893
- Current portion of long-term debt +€125,109
up €125,109 (+105%), from €119,308 to €244,417
- Tax, wage and social debts +€122,770
up €122,770 (+57.1%), from €215,188 to €337,958
of which Taxes: +€129,954
- Profit (loss) carried forward +€120,705
up €120,705 (+6.9%), from €1.8m to €1.9m
- Provisions -€85,560
down €85,560 (-38.0%), from €224,924 to €139,365
Income statement
- Provisions +€1.2m
up €1.2m (+93.4%), from -€1.3m to -€85,560
- Gross operating margin +€186,947
up €186,947 (+9.7%), from €1.9m to €2.1m
- Taxes -€180,004
down €180,004 (-56.6%), from €318,293 to €138,289
- Staff costs -€74,132
down €74,132 (-4.1%), from €1.8m to €1.7m
- Financial income -€23,527
down €23,527 (-55.2%), from €42,623 to €19,096
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€910,116
Gross operating margin
+€186,947
Staff costs
+€74,132
Depreciation
-€21,767
Provisions
-€1.2m
Other operating charges
-€433
Other operating items
+€35,624
Financial income
-€23,527
Financial charges
-€1,024
Taxes
+€180,004
Result 2026
€120,705
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.1m
Investment
+€199,046
Financing
+€149,705
Cash 2025
€1.2m
From operations (derived)
-€1.1m
Net result for the year
+€120,705
Depreciation
+€178,428
Stocks and contracts
+€277,835
Receivables within one year
-€693,510
Deferred charges and accrued income
+€83,681
Provisions
-€85,560
Trade debts
-€1.1m
Tax, wage and social debts
+€122,770
Accrued charges and deferred income
+€19,632
Investment (derived)
+€199,046
Investment in fixed assets (net)
-€260,128
Current investments
+€459,173
Financing
+€149,705
Debts after one year
+€24,916
Current portion of long-term debt
+€125,109
Short-term financial debts
-€319
Cash 2026
€450,658
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,435,368 | €5,683,176 | -€752,192 | -11.7% |
| Fixed assets | 21/28 | €975,832 | €1,057,532 | +€81,699 | +8.4% |
| Intangible fixed assets | 21 | €125,785 | €285,382 | +€159,597 | +127% |
| Tangible fixed assets | 22/27 | €350,047 | €272,149 | -€77,897 | -22.3% |
| Land and buildings | 22 | €116,183 | €113,021 | -€3,162 | -2.7% |
| Plant, machinery and equipment | 23 | €22,437 | €12,945 | -€9,492 | -42.3% |
| Furniture and vehicles | 24 | €180,495 | €104,913 | -€75,583 | -41.9% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €30,932 | €41,271 | +€10,339 | +33.4% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €5,459,535 | €4,625,644 | -€833,891 | -15.3% |
| Stocks and contracts in progress | 3 | €1,787,155 | €1,509,321 | -€277,835 | -15.5% |
| Stocks | 30/36 | €1,787,155 | €1,509,321 | -€277,835 | -15.5% |
| Amounts receivable within one year | 40/41 | €1,891,806 | €2,585,316 | +€693,510 | +36.7% |
| Trade receivables | 40 | €1,658,665 | €2,143,227 | +€484,562 | +29.2% |
| Other amounts receivable | 41 | €233,141 | €442,089 | +€208,948 | +89.6% |
| Current investments | 50/53 | €465,572 | €6,398 | -€459,173 | -98.6% |
| Cash at bank and in hand | 54/58 | €1,157,370 | €450,658 | -€706,712 | -61.1% |
| Deferred charges and accrued income | 490/1 | €157,633 | €73,952 | -€83,681 | -53.1% |
| Total equity and liabilities | 10/49 | €6,435,368 | €5,683,176 | -€752,192 | -11.7% |
| Equity | 10/15 | €3,993,406 | €4,114,110 | +€120,705 | +3.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,170,393 | €2,170,393 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,196,700 | €175,653 | -€1.0m | -85.3% |
| Distributable reserves | 133 | €967,493 | €1,988,540 | +€1.0m | +106% |
| Profit (loss) carried forward | 14 | €1,761,013 | €1,881,717 | +€120,705 | +6.9% |
| Provisions and deferred taxes | 16 | €224,924 | €139,365 | -€85,560 | -38.0% |
| Provisions for liabilities and charges | 160/5 | €224,924 | €139,365 | -€85,560 | -38.0% |
| Pensions and similar obligations | 160 | €224,924 | €139,365 | -€85,560 | -38.0% |
| Amounts payable | 17/49 | €2,217,038 | €1,429,701 | -€787,337 | -35.5% |
| Amounts payable after more than one year | 17 | €63,967 | €88,883 | +€24,916 | +39.0% |
| Financial debts | 170/4 | €63,967 | €88,883 | +€24,916 | +39.0% |
| Amounts payable within one year | 42/48 | €2,008,299 | €1,176,414 | -€831,884 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €119,308 | €244,417 | +€125,109 | +105% |
| Financial debts | 43 | €84,466 | €84,147 | -€319 | -0.4% |
| Credit institutions | 430/8 | €84,466 | €84,147 | -€319 | -0.4% |
| Trade debts | 44 | €1,589,337 | €509,893 | -€1.1m | -67.9% |
| Suppliers | 440/4 | €1,589,337 | €509,893 | -€1.1m | -67.9% |
| Taxes, remuneration and social security | 45 | €215,188 | €337,958 | +€122,770 | +57.1% |
| Taxes | 450/3 | €20,487 | €150,442 | +€129,954 | +634% |
| Remuneration and social security | 454/9 | €194,700 | €187,516 | -€7,184 | -3.7% |
| Accrued charges and deferred income | 492/3 | €144,772 | €164,404 | +€19,632 | +13.6% |
| Remuneration, social security and pensions | 62 | €1,821,506 | €1,747,373 | -€74,132 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,661 | €178,428 | +€21,767 | +13.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,304,928 | -€85,560 | +€1.2m | +93.4% |
| Other operating charges | 640/8 | €10,011 | €10,444 | +€433 | +4.3% |
| Non-recurring operating charges | 66A | €36,698 | €1,074 | -€35,624 | -97.1% |
| Gross operating margin | 9900 | €1,932,427 | €2,119,374 | +€186,947 | +9.7% |
| Operating profit (loss) | 9901 | €1,212,478 | €267,614 | -€944,864 | -77.9% |
| Financial income | 75/76B | €42,623 | €19,096 | -€23,527 | -55.2% |
| Recurring financial income | 75 | €42,623 | €19,096 | -€23,527 | -55.2% |
| Financial charges | 65/66B | €26,692 | €27,716 | +€1,024 | +3.8% |
| Recurring financial charges | 65 | €26,692 | €27,716 | +€1,024 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €1,228,409 | €258,993 | -€969,415 | -78.9% |
| Income taxes | 67/77 | €318,293 | €138,289 | -€180,004 | -56.6% |
| Profit (loss) for the period | 9904 | €910,116 | €120,705 | -€789,411 | -86.7% |
| Transfer from tax-exempt reserves | 789 | - | €1,021,047 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €910,116 | €1,141,752 | +€231,636 | +25.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.