Topaert: what changed
Two fiscal 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.
Topaert
Largest movements
- Cash -€97
down €97 (-36.7%), from €263 to €167
mainly Net result for the year (-€496)
- Profit (loss) carried forward -€496
down €496 (-5.1%), from -€9,737 to -€10,232
- Accrued charges and deferred income +€399
new in 2025: €399
- Gross operating margin +€1,529
up €1,529 (+88.5%), from -€1,728 to -€199
- Other operating charges +€60
up €60 (+45.7%), from €132 to €192
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.
Cash bridge derived
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 | €263 | €167 | -€97 | -36.7% |
| Current assets | 29/58 | €263 | €167 | -€97 | -36.7% |
| Cash at bank and in hand | 54/58 | €263 | €167 | -€97 | -36.7% |
| Total equity and liabilities | 10/49 | €263 | €167 | -€97 | -36.7% |
| Equity | 10/15 | €263 | -€232 | -€496 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,737 | -€10,232 | -€496 | -5.1% |
| Amounts payable | 17/49 | - | €399 | +€399 | |
| Accrued charges and deferred income | 492/3 | - | €399 | +€399 | |
| Other operating charges | 640/8 | €132 | €192 | +€60 | +45.7% |
| Gross operating margin | 9900 | -€1,728 | -€199 | +€1,529 | +88.5% |
| Operating profit (loss) | 9901 | -€1,860 | -€391 | +€1,469 | +79.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +55.6% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +55.6% |
| Financial charges | 65/66B | €104 | €104 | = | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,964 | -€495 | +€1,469 | +74.8% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +44.4% |
| Profit (loss) for the period | 9904 | -€1,964 | -€496 | +€1,469 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,964 | -€496 | +€1,469 | +74.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.