TOP-FOOD: what changed
TOP-FOOD
Largest movements
- Tangible fixed assets -€110,806
down €110,806 (-5.0%), from €2.2m to €2.1m
- Receivables within one year -€58,582
down €58,582 (-98.2%), from €59,681 to €1,099
- Cash -€55,542
down €55,542 (-39.6%), from €140,348 to €84,806
mainly Other debts (-€400,000)
- Other debts -€400,000
down €400,000 (-61.2%), from €653,750 to €253,750
- Reserves +€146,679
up €146,679 (+8.7%), from €1.7m to €1.8m
of which Distributable reserves: +€146,679
- Financial charges -€8,999
down €8,999 (-39.5%), from €22,764 to €13,766
- Gross operating margin +€6,140
up €6,140 (+1.8%), from €336,002 to €342,142
- Taxes +€3,806
up €3,806 (+8.4%), from €45,119 to €48,925
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 | €2,421,946 | €2,182,472 | -€239,474 | -9.9% |
| Fixed assets | 21/28 | €2,202,147 | €2,091,341 | -€110,806 | -5.0% |
| Tangible fixed assets | 22/27 | €2,202,147 | €2,091,341 | -€110,806 | -5.0% |
| Land and buildings | 22 | €2,202,147 | €2,091,341 | -€110,806 | -5.0% |
| Current assets | 29/58 | €219,799 | €91,131 | -€128,668 | -58.5% |
| Amounts receivable within one year | 40/41 | €59,681 | €1,099 | -€58,582 | -98.2% |
| Other amounts receivable | 41 | €59,681 | €1,099 | -€58,582 | -98.2% |
| Cash at bank and in hand | 54/58 | €140,348 | €84,806 | -€55,542 | -39.6% |
| Deferred charges and accrued income | 490/1 | €19,770 | €5,226 | -€14,544 | -73.6% |
| Total equity and liabilities | 10/49 | €2,421,946 | €2,182,472 | -€239,474 | -9.9% |
| Equity | 10/15 | €1,741,249 | €1,887,928 | +€146,679 | +8.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,679,749 | €1,826,428 | +€146,679 | +8.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,127 | €23,127 | = | 0.0% |
| Distributable reserves | 133 | €1,650,471 | €1,797,150 | +€146,679 | +8.9% |
| Amounts payable | 17/49 | €680,697 | €294,544 | -€386,153 | -56.7% |
| Amounts payable within one year | 42/48 | €656,342 | €256,577 | -€399,765 | -60.9% |
| Trade debts | 44 | €2,592 | €2,827 | +€235 | +9.0% |
| Suppliers | 440/4 | €2,592 | €2,827 | +€235 | +9.0% |
| Other amounts payable | 47/48 | €653,750 | €253,750 | -€400,000 | -61.2% |
| Accrued charges and deferred income | 492/3 | €24,355 | €37,967 | +€13,613 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,875 | €110,806 | -€2,069 | -1.8% |
| Other operating charges | 640/8 | €19,888 | €21,967 | +€2,079 | +10.5% |
| Gross operating margin | 9900 | €336,002 | €342,142 | +€6,140 | +1.8% |
| Operating profit (loss) | 9901 | €203,239 | €209,369 | +€6,130 | +3.0% |
| Financial charges | 65/66B | €22,764 | €13,766 | -€8,999 | -39.5% |
| Recurring financial charges | 65 | €22,764 | €13,766 | -€8,999 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €180,475 | €195,604 | +€15,129 | +8.4% |
| Income taxes | 67/77 | €45,119 | €48,925 | +€3,806 | +8.4% |
| Profit (loss) for the period | 9904 | €135,357 | €146,679 | +€11,322 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €135,357 | €146,679 | +€11,322 | +8.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.