TOPACE EUROPE: 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.
TOPACE EUROPE
Largest movements
- Cash +€10,957
up €10,957 (+78.3%), from €13,990 to €24,947
mainly Net result for the year (+€49,133) and Stocks and contracts (+€8,065)
- Stocks and contracts -€8,065
down €8,065 (-15.0%), from €53,769 to €45,703
- Receivables within one year -€5,746
down €5,746 (-6.1%), from €94,718 to €88,972
of which Trade receivables: -€10,333
- Profit (loss) carried forward +€49,133
up €49,133 (+40.6%), from -€120,938 to -€71,805
- Other debts -€29,560
down €29,560 (-36.0%), from €82,060 to €52,500
- Trade debts -€20,427
down €20,427 (-56.0%), from €36,453 to €16,025
- Short-term financial debts -€2,000
no longer reported in 2023 (was €2,000)
- Gross operating margin +€115,155
up €115,155, from -€37,071 to €78,084
- Other operating charges -€39,374
no longer reported in 2023 (was €39,374)
- Write-downs +€9,425
up €9,425 (+53.6%), from €17,570 to €26,995
- Financial charges -€1,122
down €1,122 (-36.5%), from €3,077 to €1,956
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,477 | €159,623 | -€2,854 | -1.8% |
| Current assets | 29/58 | €162,477 | €159,623 | -€2,854 | -1.8% |
| Stocks and contracts in progress | 3 | €53,769 | €45,703 | -€8,065 | -15.0% |
| Stocks | 30/36 | €53,769 | €45,703 | -€8,065 | -15.0% |
| Amounts receivable within one year | 40/41 | €94,718 | €88,972 | -€5,746 | -6.1% |
| Trade receivables | 40 | €94,650 | €84,317 | -€10,333 | -10.9% |
| Other amounts receivable | 41 | €68 | €4,656 | +€4,587 | +6,721% |
| Cash at bank and in hand | 54/58 | €13,990 | €24,947 | +€10,957 | +78.3% |
| Total equity and liabilities | 10/49 | €162,477 | €159,623 | -€2,854 | -1.8% |
| Equity | 10/15 | €41,964 | €91,098 | +€49,133 | +117% |
| Contributions | 10/11 | €142,184 | €142,184 | = | 0.0% |
| Reserves | 13 | €20,718 | €20,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,218 | €14,218 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,218 | €14,218 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,938 | -€71,805 | +€49,133 | +40.6% |
| Amounts payable | 17/49 | €120,513 | €68,525 | -€51,987 | -43.1% |
| Amounts payable within one year | 42/48 | €120,513 | €68,525 | -€51,987 | -43.1% |
| Financial debts | 43 | €2,000 | - | -€2,000 | |
| Credit institutions | 430/8 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €36,453 | €16,025 | -€20,427 | -56.0% |
| Suppliers | 440/4 | €36,453 | €16,025 | -€20,427 | -56.0% |
| Other amounts payable | 47/48 | €82,060 | €52,500 | -€29,560 | -36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,570 | €26,995 | +€9,425 | +53.6% |
| Other operating charges | 640/8 | €39,374 | - | -€39,374 | |
| Gross operating margin | 9900 | -€37,071 | €78,084 | +€115,155 | |
| Operating profit (loss) | 9901 | -€94,014 | €51,089 | +€145,103 | |
| Financial charges | 65/66B | €3,077 | €1,956 | -€1,122 | -36.5% |
| Recurring financial charges | 65 | €3,077 | €1,956 | -€1,122 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | -€97,092 | €49,133 | +€146,225 | |
| Profit (loss) for the period | 9904 | -€97,092 | €49,133 | +€146,225 | |
| Profit (loss) for the period to be appropriated | 9905 | -€97,092 | €49,133 | +€146,225 |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.