TOP MART: what changed
Two financial 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.
What changed
TOP MART
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€365,535
2024 · €63,973+€301,562
Equity
€2.7m
2024 · €2.5m+€140,535
Cash
€507,051
2024 · €343,969+€163,082
Balance sheet total
€5.4m
2024 · €5.2m+€114,266
Largest movements
Assets
- Financial fixed assets +€1.7m
up €1.7m (+166%), from €1.0m to €2.7m
- Receivables within one year -€1.3m
down €1.3m (-95.3%), from €1.4m to €64,150
of which Other amounts receivable: -€1.3m
- Stocks and contracts -€259,717
down €259,717 (-15.2%), from €1.7m to €1.5m
- Tangible fixed assets -€174,253
down €174,253 (-22.4%), from €776,281 to €602,029
of which Other tangible fixed assets: -€134,096
- Cash +€163,082
up €163,082 (+47.4%), from €343,969 to €507,051
mainly Receivables within one year (+€1.3m) and Net result for the year (+€365,535)
Equity and liabilities
- Other debts +€233,232
up €233,232 (+1,999%), from €11,667 to €244,899
- Reserves +€140,535
up €140,535 (+7.1%), from €2.0m to €2.1m
of which Distributable reserves: +€143,693
- Advances received -€114,040
down €114,040 (-11.4%), from €1.0m to €887,866
- Trade debts -€73,333
down €73,333 (-8.0%), from €915,266 to €841,933
- Debts after one year -€57,855
down €57,855 (-22.0%), from €263,050 to €205,195
of which Financial debts: -€57,855
Income statement
- Turnover -€12.2m
no longer reported in 2025 (was €12.2m)
- Goods and materials -€7.1m
no longer reported in 2025 (was €7.1m)
of which Purchases: -€6.8m
- Services and other goods -€3.5m
no longer reported in 2025 (was €3.5m)
- Gross operating margin +€1.6m
new in 2025: €1.6m
- Staff costs -€198,166
down €198,166 (-16.6%), from €1.2m to €992,227
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.
Result 2024
€63,973
Turnover
-€12.2m
Other operating income
-€18,152
Goods and materials
+€7.1m
Services and other goods
+€3.5m
Staff costs
+€198,166
Depreciation
+€35,990
Provisions
-€32,621
Other operating charges
-€1,493
Other operating items
+€1.6m
Financial income
-€6,924
Financial charges
+€1,221
Taxes
-€1,211
Result 2025
€365,535
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€2.1m
Investment
-€1.7m
Financing
-€298,823
Cash 2024
€343,969
From operations (derived)
+€2.1m
Net result for the year
+€365,535
Depreciation
+€176,829
Stocks and contracts
+€259,717
Receivables within one year
+€1.3m
Smaller working-capital items
+€2,666
Trade debts
-€73,333
Tax, wage and social debts
-€9,262
Advances received
-€114,040
Other debts
+€233,232
Accrued charges and deferred income
+€10,075
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
-€298,823
Debts after one year
-€57,855
Current portion of long-term debt
-€15,968
Contributions, distributions and other
-€225,000
Cash 2025
€507,051
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,235,855 | €5,350,120 | +€114,266 | +2.2% |
| Fixed assets | 21/28 | €1,788,011 | €3,293,189 | +€1.5m | +84.2% |
| Tangible fixed assets | 22/27 | €776,281 | €602,029 | -€174,253 | -22.4% |
| Land and buildings | 22 | €170,279 | €170,279 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,086 | €3,380 | +€1,294 | +62.0% |
| Furniture and vehicles | 24 | €118,803 | €77,352 | -€41,451 | -34.9% |
| Other tangible fixed assets | 26 | €485,113 | €351,018 | -€134,096 | -27.6% |
| Financial fixed assets | 28 | €1,011,730 | €2,691,160 | +€1.7m | +166% |
| Affiliated companies | 280/1 | €1,010,000 | - | -€1.0m | |
| Amounts receivable | 281 | €1,010,000 | - | -€1.0m | |
| Other financial fixed assets | 284/8 | €1,730 | - | -€1,730 | |
| Shares | 284 | €1,000 | - | -€1,000 | |
| Amounts receivable and cash guarantees | 285/8 | €730 | - | -€730 | |
| Current assets | 29/58 | €3,447,843 | €2,056,932 | -€1.4m | -40.3% |
| Stocks and contracts in progress | 3 | €1,710,481 | €1,450,764 | -€259,717 | -15.2% |
| Stocks | 30/36 | €1,710,481 | €1,450,764 | -€259,717 | -15.2% |
| Goods purchased for resale | 34 | €1,710,481 | - | -€1.7m | |
| Advance payments | 36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,356,642 | €64,150 | -€1.3m | -95.3% |
| Trade receivables | 40 | €60,257 | €63,950 | +€3,693 | +6.1% |
| Other amounts receivable | 41 | €1,296,385 | €200 | -€1.3m | -100.0% |
| Cash at bank and in hand | 54/58 | €343,969 | €507,051 | +€163,082 | +47.4% |
| Deferred charges and accrued income | 490/1 | €36,751 | €34,966 | -€1,785 | -4.9% |
| Total equity and liabilities | 10/49 | €5,235,855 | €5,350,120 | +€114,266 | +2.2% |
| Equity | 10/15 | €2,534,615 | €2,675,149 | +€140,535 | +5.5% |
| Contributions | 10/11 | €543,381 | €543,381 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Contributions outside capital | 11 | €43,381 | €43,381 | = | 0.0% |
| Share premium | 1100/10 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €1,991,233 | €2,131,768 | +€140,535 | +7.1% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,982 | €30,824 | -€3,158 | -9.3% |
| Distributable reserves | 133 | €1,907,251 | €2,050,944 | +€143,693 | +7.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €103,644 | €104,526 | +€881 | +0.9% |
| Provisions for liabilities and charges | 160/5 | €94,160 | €96,368 | +€2,208 | +2.3% |
| Other liabilities and charges | 164/5 | €94,160 | €96,368 | +€2,208 | +2.3% |
| Deferred taxes | 168 | €9,484 | €8,158 | -€1,327 | -14.0% |
| Amounts payable | 17/49 | €2,597,596 | €2,570,446 | -€27,150 | -1.0% |
| Amounts payable after more than one year | 17 | €263,050 | €205,195 | -€57,855 | -22.0% |
| Financial debts | 170/4 | €83,050 | €25,195 | -€57,855 | -69.7% |
| Credit institutions | 173 | €83,050 | - | -€83,050 | |
| Other amounts payable | 178/9 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,333,415 | €2,354,045 | +€20,630 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €73,823 | €57,855 | -€15,968 | -21.6% |
| Trade debts | 44 | €915,266 | €841,933 | -€73,333 | -8.0% |
| Suppliers | 440/4 | €915,266 | €841,933 | -€73,333 | -8.0% |
| Advances received on contracts in progress | 46 | €1,001,906 | €887,866 | -€114,040 | -11.4% |
| Taxes, remuneration and social security | 45 | €330,754 | €321,491 | -€9,262 | -2.8% |
| Taxes | 450/3 | €79,757 | €100,549 | +€20,792 | +26.1% |
| Remuneration and social security | 454/9 | €250,997 | €220,943 | -€30,054 | -12.0% |
| Other amounts payable | 47/48 | €11,667 | €244,899 | +€233,232 | +1,999% |
| Accrued charges and deferred income | 492/3 | €1,131 | €11,206 | +€10,075 | +891% |
| Operating income | 70/76A | €12,186,220 | - | -€12.2m | |
| Turnover | 70 | €12,159,372 | - | -€12.2m | |
| Other operating income | 74 | €18,152 | - | -€18,152 | |
| Non-recurring operating income | 76A | €8,696 | €0 | -€8,696 | -100% |
| Operating charges | 60/66A | €12,123,585 | - | -€12.1m | |
| Goods for resale, raw materials and consumables | 60 | €7,127,371 | - | -€7.1m | |
| Purchases | 600/8 | €6,842,136 | - | -€6.8m | |
| Change in stocks: decrease (increase) | 609 | €285,234 | - | -€285,234 | |
| Services and other goods | 61 | €3,548,575 | - | -€3.5m | |
| Remuneration, social security and pensions | 62 | €1,190,393 | €992,227 | -€198,166 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,819 | €176,829 | -€35,990 | -16.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,413 | €2,208 | +€32,621 | |
| Other operating charges | 640/8 | €68,441 | €69,935 | +€1,493 | +2.2% |
| Non-recurring operating charges | 66A | €6,398 | €0 | -€6,398 | -100% |
| Gross operating margin | 9900 | - | €1,612,310 | +€1.6m | |
| Operating profit (loss) | 9901 | €62,635 | €371,111 | +€308,476 | +492% |
| Financial income | 75/76B | €75,825 | €68,900 | -€6,924 | -9.1% |
| Recurring financial income | 75 | €75,825 | €68,900 | -€6,924 | -9.1% |
| Other financial income | 752/9 | €75,825 | - | -€75,825 | |
| Financial charges | 65/66B | €37,757 | €36,535 | -€1,221 | -3.2% |
| Recurring financial charges | 65 | €37,757 | €36,535 | -€1,221 | -3.2% |
| Debt charges | 650 | €19,247 | - | -€19,247 | |
| Other financial charges | 652/9 | €18,510 | - | -€18,510 | |
| Profit (loss) for the period before taxes | 9903 | €100,703 | €403,476 | +€302,773 | +301% |
| Transfer from deferred taxes | 780 | €1,327 | €1,327 | = | 0.0% |
| Income taxes | 67/77 | €38,057 | €39,268 | +€1,211 | +3.2% |
| Taxes | 670/3 | €38,057 | - | -€38,057 | |
| Profit (loss) for the period | 9904 | €63,973 | €365,535 | +€301,562 | +471% |
| Transfer from tax-exempt reserves | 789 | €3,158 | €3,158 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,131 | €368,693 | +€301,562 | +449% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.