Top Noord: 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.
Top Noord
Largest movements
- Tangible fixed assets -€178,300
down €178,300 (-20.1%), from €889,140 to €710,840
of which Plant, machinery and equipment: -€133,997
- Cash -€69,510
down €69,510 (-5.5%), from €1.3m to €1.2m
mainly Contributions, distributions and other (-€648,000) and Accrued charges and deferred income (-€209,992)
- Receivables within one year -€43,579
down €43,579 (-7.0%), from €626,333 to €582,754
of which Trade receivables: -€26,138
- Accrued charges and deferred income -€209,992
down €209,992 (-26.9%), from €781,885 to €571,893
- Trade debts -€89,441
down €89,441 (-29.7%), from €301,112 to €211,671
- Debts after one year -€75,724
down €75,724 (-69.2%), from €109,497 to €33,773
- Other debts +€45,120
up €45,120 (+8.0%), from €564,000 to €609,120
- Tax, wage and social debts +€38,201
up €38,201 (+65.7%), from €58,164 to €96,365
of which Taxes: +€36,259
- Gross operating margin -€45,738
down €45,738 (-3.6%), from €1.3m to €1.2m
- Depreciation +€30,376
up €30,376 (+15.5%), from €195,424 to €225,800
- Financial charges +€24,349
up €24,349 (+166%), from €14,659 to €39,008
of which Financial charges: +€21,660
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,774,960 | €2,483,771 | -€291,189 | -10.5% |
| Fixed assets | 21/28 | €894,318 | €716,218 | -€178,100 | -19.9% |
| Tangible fixed assets | 22/27 | €889,140 | €710,840 | -€178,300 | -20.1% |
| Land and buildings | 22 | €120,534 | €111,925 | -€8,609 | -7.1% |
| Plant, machinery and equipment | 23 | €383,254 | €249,257 | -€133,997 | -35.0% |
| Furniture and vehicles | 24 | €385,352 | €349,658 | -€35,694 | -9.3% |
| Financial fixed assets | 28 | €5,178 | €5,378 | +€200 | +3.9% |
| Current assets | 29/58 | €1,880,642 | €1,767,553 | -€113,089 | -6.0% |
| Amounts receivable within one year | 40/41 | €626,333 | €582,754 | -€43,579 | -7.0% |
| Trade receivables | 40 | €608,892 | €582,754 | -€26,138 | -4.3% |
| Other amounts receivable | 41 | €17,441 | - | -€17,441 | |
| Cash at bank and in hand | 54/58 | €1,254,309 | €1,184,799 | -€69,510 | -5.5% |
| Total equity and liabilities | 10/49 | €2,774,960 | €2,483,771 | -€291,189 | -10.5% |
| Equity | 10/15 | €884,577 | €885,224 | +€647 | +0.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €784,577 | €785,224 | +€647 | +0.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €774,577 | €775,224 | +€647 | +0.1% |
| Amounts payable | 17/49 | €1,890,383 | €1,598,547 | -€291,836 | -15.4% |
| Amounts payable after more than one year | 17 | €109,497 | €33,773 | -€75,724 | -69.2% |
| Financial debts | 170/4 | €109,497 | €33,773 | -€75,724 | -69.2% |
| Amounts payable within one year | 42/48 | €999,001 | €992,881 | -€6,120 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €75,725 | €75,725 | = | 0.0% |
| Trade debts | 44 | €301,112 | €211,671 | -€89,441 | -29.7% |
| Suppliers | 440/4 | €301,112 | €211,671 | -€89,441 | -29.7% |
| Taxes, remuneration and social security | 45 | €58,164 | €96,365 | +€38,201 | +65.7% |
| Taxes | 450/3 | €43,863 | €80,122 | +€36,259 | +82.7% |
| Remuneration and social security | 454/9 | €14,301 | €16,243 | +€1,942 | +13.6% |
| Other amounts payable | 47/48 | €564,000 | €609,120 | +€45,120 | +8.0% |
| Accrued charges and deferred income | 492/3 | €781,885 | €571,893 | -€209,992 | -26.9% |
| Non-recurring operating income | 76A | €74,000 | €6,000 | -€68,000 | -91.9% |
| Remuneration, social security and pensions | 62 | €51,738 | €55,347 | +€3,609 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,424 | €225,800 | +€30,376 | +15.5% |
| Other operating charges | 640/8 | €21,857 | €33,601 | +€11,744 | +53.7% |
| Gross operating margin | 9900 | €1,281,475 | €1,235,737 | -€45,738 | -3.6% |
| Operating profit (loss) | 9901 | €1,012,456 | €920,989 | -€91,467 | -9.0% |
| Financial income | 75/76B | €25,930 | €24,792 | -€1,138 | -4.4% |
| Recurring financial income | 75 | €25,930 | €24,792 | -€1,138 | -4.4% |
| Financial charges | 65/66B | €14,659 | €39,008 | +€24,349 | +166% |
| Recurring financial charges | 65 | €14,659 | €36,319 | +€21,660 | +148% |
| Non-recurring financial charges | 66B | - | €2,689 | +€2,689 | |
| Profit (loss) for the period before taxes | 9903 | €1,023,727 | €906,773 | -€116,954 | -11.4% |
| Income taxes | 67/77 | €257,047 | €258,126 | +€1,079 | +0.4% |
| Profit (loss) for the period | 9904 | €766,680 | €648,647 | -€118,033 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €766,680 | €648,647 | -€118,033 | -15.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.