TOP VENDING: 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 VENDING
Largest movements
- Tangible fixed assets -€18,910
down €18,910 (-28.1%), from €67,400 to €48,490
of which Land and buildings: -€10,884
- Cash +€10,403
up €10,403 (+10.9%), from €95,027 to €105,430
mainly Depreciation (+€18,910) and Trade debts (+€1,428)
- Reserves -€4,956
down €4,956 (-1.8%), from €271,678 to €266,722
of which Distributable reserves: -€4,956
- Gross operating margin +€7,093
up €7,093 (+112%), from €6,345 to €13,438
- Financial income -€3,986
down €3,986 (-55.9%), from €7,135 to €3,149
- Other operating charges +€143
up €143 (+5.7%), from €2,490 to €2,633
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 | €293,702 | €288,863 | -€4,839 | -1.6% |
| Fixed assets | 21/28 | €67,445 | €48,535 | -€18,910 | -28.0% |
| Tangible fixed assets | 22/27 | €67,400 | €48,490 | -€18,910 | -28.1% |
| Land and buildings | 22 | €43,894 | €33,010 | -€10,884 | -24.8% |
| Furniture and vehicles | 24 | €23,506 | €15,480 | -€8,026 | -34.1% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €226,257 | €240,328 | +€14,071 | +6.2% |
| Stocks and contracts in progress | 3 | €7,958 | €7,725 | -€233 | -2.9% |
| Stocks | 30/36 | €7,958 | €7,725 | -€233 | -2.9% |
| Amounts receivable within one year | 40/41 | €5,149 | €5,404 | +€255 | +5.0% |
| Trade receivables | 40 | €4,733 | €4,540 | -€193 | -4.1% |
| Other amounts receivable | 41 | €416 | €864 | +€448 | +108% |
| Current investments | 50/53 | €116,098 | €118,534 | +€2,436 | +2.1% |
| Cash at bank and in hand | 54/58 | €95,027 | €105,430 | +€10,403 | +10.9% |
| Deferred charges and accrued income | 490/1 | €2,025 | €3,235 | +€1,210 | +59.8% |
| Total equity and liabilities | 10/49 | €293,702 | €288,863 | -€4,839 | -1.6% |
| Equity | 10/15 | €290,278 | €285,322 | -€4,956 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €271,678 | €266,722 | -€4,956 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €269,818 | €264,862 | -€4,956 | -1.8% |
| Amounts payable | 17/49 | €3,424 | €3,541 | +€117 | +3.4% |
| Amounts payable within one year | 42/48 | €3,424 | €3,541 | +€117 | +3.4% |
| Trade debts | 44 | €494 | €1,922 | +€1,428 | +289% |
| Suppliers | 440/4 | €494 | €1,922 | +€1,428 | +289% |
| Taxes, remuneration and social security | 45 | €1,389 | €184 | -€1,205 | -86.8% |
| Taxes | 450/3 | €46 | €184 | +€138 | +300% |
| Remuneration and social security | 454/9 | €1,343 | - | -€1,343 | |
| Other amounts payable | 47/48 | €1,541 | €1,435 | -€106 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,911 | €18,910 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,490 | €2,633 | +€143 | +5.7% |
| Gross operating margin | 9900 | €6,345 | €13,438 | +€7,093 | +112% |
| Operating profit (loss) | 9901 | -€15,056 | -€8,105 | +€6,951 | +46.2% |
| Financial income | 75/76B | €7,135 | €3,149 | -€3,986 | -55.9% |
| Recurring financial income | 75 | €7,135 | €3,149 | -€3,986 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,921 | -€4,956 | +€2,965 | +37.4% |
| Profit (loss) for the period | 9904 | -€7,921 | -€4,956 | +€2,965 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,921 | -€4,956 | +€2,965 | +37.4% |
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 31 October 2026 via checked.be.