TOP - VERDUYN: what changed
What changed
TOP - VERDUYN
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€57,928
2024 · €83,771-€25,844
Equity
€312,158
2024 · €254,230+€57,928
Cash
€172,650
2024 · €114,126+€58,525
Balance sheet total
€358,611
2024 · €311,134+€47,477
Largest movements
Assets
- Cash +€58,525
up €58,525 (+51.3%), from €114,126 to €172,650
mainly Net result for the year (+€57,928) and Depreciation (+€16,966)
- Tangible fixed assets -€14,537
down €14,537 (-33.1%), from €43,961 to €29,424
of which Furniture and vehicles: -€15,233
Equity and liabilities
- Reserves +€57,928
up €57,928 (+22.8%), from €253,630 to €311,558
- Trade debts +€16,382
up €16,382 (+66.1%), from €24,793 to €41,175
- Tax, wage and social debts -€13,772
down €13,772 (-85.9%), from €16,027 to €2,256
- Other debts -€12,935
down €12,935 (-81.1%), from €15,958 to €3,023
Income statement
- Gross operating margin -€40,239
down €40,239 (-28.6%), from €140,822 to €100,584
- Taxes -€11,306
down €11,306 (-28.9%), from €39,146 to €27,840
- Financial income +€3,439
up €3,439 (+709%), from €485 to €3,925
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.
Result 2024
€83,771
Gross operating margin
-€40,239
Depreciation
-€180
Other operating charges
+€19
Financial income
+€3,439
Financial charges
-€190
Taxes
+€11,306
Result 2025
€57,928
raises the resultlowers the result
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.
From operations
+€60,953
Investment
-€2,429
Financing
€0
Cash 2024
€114,126
From operations (derived)
+€60,953
Net result for the year
+€57,928
Depreciation
+€16,966
Receivables within one year
-€781
Deferred charges and accrued income
-€2,708
Trade debts
+€16,382
Tax, wage and social debts
-€13,772
Other debts
-€12,935
Accrued charges and deferred income
-€126
Investment (derived)
-€2,429
Investment in fixed assets (net)
-€2,429
Cash 2025
€172,650
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,134 | €358,611 | +€47,477 | +15.3% |
| Fixed assets | 21/28 | €44,208 | €29,671 | -€14,537 | -32.9% |
| Tangible fixed assets | 22/27 | €43,961 | €29,424 | -€14,537 | -33.1% |
| Plant, machinery and equipment | 23 | €1,451 | €597 | -€854 | -58.8% |
| Furniture and vehicles | 24 | €36,188 | €20,956 | -€15,233 | -42.1% |
| Other tangible fixed assets | 26 | €6,322 | €7,871 | +€1,549 | +24.5% |
| Financial fixed assets | 28 | €247 | €247 | = | 0.0% |
| Current assets | 29/58 | €266,926 | €328,940 | +€62,013 | +23.2% |
| Stocks and contracts in progress | 3 | €6,250 | €6,250 | = | 0.0% |
| Stocks | 30/36 | €6,250 | €6,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,402 | €19,182 | +€781 | +4.2% |
| Trade receivables | 40 | €15,289 | €15,349 | +€60 | +0.4% |
| Other amounts receivable | 41 | €3,113 | €3,833 | +€720 | +23.1% |
| Current investments | 50/53 | €125,038 | €125,038 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114,126 | €172,650 | +€58,525 | +51.3% |
| Deferred charges and accrued income | 490/1 | €3,111 | €5,819 | +€2,708 | +87.1% |
| Total equity and liabilities | 10/49 | €311,134 | €358,611 | +€47,477 | +15.3% |
| Equity | 10/15 | €254,230 | €312,158 | +€57,928 | +22.8% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €253,630 | €311,558 | +€57,928 | +22.8% |
| Distributable reserves | 133 | €253,630 | €311,558 | +€57,928 | +22.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €56,904 | €46,454 | -€10,451 | -18.4% |
| Amounts payable within one year | 42/48 | €56,778 | €46,454 | -€10,325 | -18.2% |
| Trade debts | 44 | €24,793 | €41,175 | +€16,382 | +66.1% |
| Suppliers | 440/4 | €24,793 | €41,175 | +€16,382 | +66.1% |
| Taxes, remuneration and social security | 45 | €16,027 | €2,256 | -€13,772 | -85.9% |
| Taxes | 450/3 | €16,027 | €2,256 | -€13,772 | -85.9% |
| Other amounts payable | 47/48 | €15,958 | €3,023 | -€12,935 | -81.1% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,785 | €16,966 | +€180 | +1.1% |
| Other operating charges | 640/8 | €1,127 | €1,108 | -€19 | -1.7% |
| Gross operating margin | 9900 | €140,822 | €100,584 | -€40,239 | -28.6% |
| Operating profit (loss) | 9901 | €122,910 | €82,510 | -€40,400 | -32.9% |
| Financial income | 75/76B | €485 | €3,925 | +€3,439 | +709% |
| Recurring financial income | 75 | €485 | €3,925 | +€3,439 | +709% |
| Financial charges | 65/66B | €478 | €667 | +€190 | +39.7% |
| Recurring financial charges | 65 | €478 | €667 | +€190 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €122,917 | €85,767 | -€37,150 | -30.2% |
| Income taxes | 67/77 | €39,146 | €27,840 | -€11,306 | -28.9% |
| Profit (loss) for the period | 9904 | €83,771 | €57,928 | -€25,844 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,771 | €57,928 | -€25,844 | -30.9% |
Next steps
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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 2 November 2026 via checked.be.