TOP-TEX GROUP: 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-TEX GROUP
NACE 46.412, Wholesale of household textiles and bedding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €3.1m-€488,799
Equity
€23.6m
2024 · €21.1m+€2.5m
Cash
€4.3m
2024 · €2.6m+€1.7m
Balance sheet total
€30.0m
2024 · €27.6m+€2.4m
Largest movements
Assets
- Cash +€1.7m
up €1.7m (+63.8%), from €2.6m to €4.3m
mainly Net result for the year (+€2.6m) and Depreciation (+€753,793)
- Stocks and contracts +€1.6m
up €1.6m (+11.2%), from €14.1m to €15.7m
- Receivables within one year -€534,779
down €534,779 (-9.0%), from €5.9m to €5.4m
of which Trade receivables: -€534,007
Equity and liabilities
- Reserves +€2.6m
up €2.6m (+12.4%), from €20.8m to €23.3m
of which Distributable reserves: +€2.6m
- Trade debts +€364,775
up €364,775 (+9.7%), from €3.7m to €4.1m
Income statement
No income-statement line moved by more than 1% of the activity.
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
€3.1m
Turnover
-€323,140
Other operating income
-€26,380
Goods and materials
+€70,011
Services and other goods
-€111,001
Staff costs
-€312,000
Depreciation
-€76,427
Write-downs
+€130,691
Other operating charges
+€4,275
Financial income
-€66,349
Financial charges
+€19,162
Taxes
+€202,358
Result 2025
€2.6m
raises the resultlowers the result
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
+€2.7m
Investment
-€463,169
Financing
-€539,361
Cash 2024
€2.6m
From operations (derived)
+€2.7m
Net result for the year
+€2.6m
Depreciation
+€753,793
Stocks and contracts
-€1.6m
Receivables within one year
+€534,779
Deferred charges and accrued income
+€35,502
Trade debts
+€364,775
Smaller working-capital items
-€822
Investment (derived)
-€463,169
Investment in fixed assets (net)
-€463,169
Financing
-€539,361
Debts after one year
-€254,670
Current portion of long-term debt
-€251,117
Contributions, distributions and other
-€33,574
Cash 2025
€4.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,628,195 | €30,028,816 | +€2.4m | +8.7% |
| Fixed assets | 21/28 | €4,898,180 | €4,607,556 | -€290,624 | -5.9% |
| Intangible fixed assets | 21 | €171,619 | €113,073 | -€58,546 | -34.1% |
| Tangible fixed assets | 22/27 | €4,726,162 | €4,494,084 | -€232,078 | -4.9% |
| Land and buildings | 22 | €3,736,291 | €3,760,256 | +€23,966 | +0.6% |
| Plant, machinery and equipment | 23 | €784,156 | €533,814 | -€250,342 | -31.9% |
| Furniture and vehicles | 24 | €205,715 | €200,014 | -€5,702 | -2.8% |
| Financial fixed assets | 28 | €399 | €399 | = | 0.0% |
| Other financial fixed assets | 284/8 | €399 | €399 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €399 | €399 | = | 0.0% |
| Current assets | 29/58 | €22,730,016 | €25,421,261 | +€2.7m | +11.8% |
| Stocks and contracts in progress | 3 | €14,095,101 | €15,678,483 | +€1.6m | +11.2% |
| Stocks | 30/36 | €14,095,101 | €15,678,483 | +€1.6m | +11.2% |
| Goods purchased for resale | 34 | €14,095,101 | €15,678,483 | +€1.6m | +11.2% |
| Amounts receivable within one year | 40/41 | €5,910,197 | €5,375,418 | -€534,779 | -9.0% |
| Trade receivables | 40 | €5,905,783 | €5,371,777 | -€534,007 | -9.0% |
| Other amounts receivable | 41 | €4,414 | €3,642 | -€772 | -17.5% |
| Cash at bank and in hand | 54/58 | €2,631,534 | €4,309,679 | +€1.7m | +63.8% |
| Deferred charges and accrued income | 490/1 | €93,183 | €57,681 | -€35,502 | -38.1% |
| Total equity and liabilities | 10/49 | €27,628,195 | €30,028,816 | +€2.4m | +8.7% |
| Equity | 10/15 | €21,091,649 | €23,634,104 | +€2.5m | +12.1% |
| 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 | €20,750,544 | €23,326,573 | +€2.6m | +12.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €20,744,344 | €23,320,373 | +€2.6m | +12.4% |
| Investment grants | 15 | €279,105 | €245,531 | -€33,574 | -12.0% |
| Amounts payable | 17/49 | €6,536,546 | €6,394,712 | -€141,834 | -2.2% |
| Amounts payable after more than one year | 17 | €980,077 | €725,407 | -€254,670 | -26.0% |
| Financial debts | 170/4 | €980,077 | €725,407 | -€254,670 | -26.0% |
| Credit institutions | 173 | €980,077 | €725,407 | -€254,670 | -26.0% |
| Amounts payable within one year | 42/48 | €5,510,498 | €5,622,140 | +€111,642 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €759,731 | €508,615 | -€251,117 | -33.1% |
| Trade debts | 44 | €3,742,805 | €4,107,580 | +€364,775 | +9.7% |
| Suppliers | 440/4 | €3,742,805 | €4,107,580 | +€364,775 | +9.7% |
| Taxes, remuneration and social security | 45 | €1,007,962 | €1,005,946 | -€2,016 | -0.2% |
| Taxes | 450/3 | €707,340 | €686,794 | -€20,547 | -2.9% |
| Remuneration and social security | 454/9 | €300,621 | €319,152 | +€18,531 | +6.2% |
| Accrued charges and deferred income | 492/3 | €45,971 | €47,165 | +€1,195 | +2.6% |
| Operating income | 70/76A | €55,452,119 | €55,102,599 | -€349,520 | -0.6% |
| Turnover | 70 | €54,663,164 | €54,340,024 | -€323,140 | -0.6% |
| Other operating income | 74 | €788,955 | €762,575 | -€26,380 | -3.3% |
| Operating charges | 60/66A | €51,437,195 | €51,731,645 | +€294,450 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €42,163,136 | €42,093,125 | -€70,011 | -0.2% |
| Purchases | 600/8 | €42,358,637 | €43,543,338 | +€1.2m | +2.8% |
| Change in stocks: decrease (increase) | 609 | -€195,501 | -€1,450,214 | -€1.3m | -642% |
| Services and other goods | 61 | €5,494,739 | €5,605,740 | +€111,001 | +2.0% |
| Remuneration, social security and pensions | 62 | €2,966,422 | €3,278,422 | +€312,000 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €677,367 | €753,793 | +€76,427 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,931 | -€100,760 | -€130,691 | |
| Other operating charges | 640/8 | €105,599 | €101,324 | -€4,275 | -4.0% |
| Operating profit (loss) | 9901 | €4,014,925 | €3,370,954 | -€643,970 | -16.0% |
| Financial income | 75/76B | €315,551 | €249,202 | -€66,349 | -21.0% |
| Recurring financial income | 75 | €315,551 | €249,202 | -€66,349 | -21.0% |
| Other financial income | 752/9 | €315,551 | €249,202 | -€66,349 | -21.0% |
| Financial charges | 65/66B | €201,182 | €182,019 | -€19,162 | -9.5% |
| Recurring financial charges | 65 | €201,182 | €182,019 | -€19,162 | -9.5% |
| Debt charges | 650 | €22,508 | €14,570 | -€7,938 | -35.3% |
| Other financial charges | 652/9 | €178,673 | €167,449 | -€11,224 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €4,129,294 | €3,438,137 | -€691,157 | -16.7% |
| Income taxes | 67/77 | €1,064,465 | €862,107 | -€202,358 | -19.0% |
| Taxes | 670/3 | €1,064,465 | €862,107 | -€202,358 | -19.0% |
| Profit (loss) for the period | 9904 | €3,064,829 | €2,576,029 | -€488,799 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,064,829 | €2,576,029 | -€488,799 | -15.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.