TOPARCHI: 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.
TOPARCHI
Largest movements
- Cash +€584,748
up €584,748 (+10,943%), from €5,344 to €590,092
mainly Net result for the year (+€519,590) and Investment in fixed assets (net) (+€260,371)
- Tangible fixed assets -€262,290
down €262,290 (-91.3%), from €287,321 to €25,031
of which Land and buildings: -€272,307
- Reserves +€357,718
up €357,718 (+19,232%), from €1,860 to €359,578
of which Tax-exempt reserves: +€357,718
- Revaluation surpluses -€242,059
no longer reported in 2024 (was €242,059)
- Profit (loss) carried forward +€161,872
up €161,872 (+91.7%), from -€176,602 to -€14,730
- Provisions +€119,239
new in 2024: €119,239
- Other debts -€51,658
down €51,658 (-32.1%), from €160,816 to €109,158
- Gross operating margin +€616,518
up €616,518 (+1,201%), from €51,344 to €667,863
- Depreciation -€22,910
down €22,910 (-92.3%), from €24,828 to €1,919
- Taxes +€15,024
up €15,024 (+352%), from €4,270 to €19,293
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,974 | €653,134 | +€324,160 | +98.5% |
| Fixed assets | 21/28 | €287,561 | €25,271 | -€262,290 | -91.2% |
| Tangible fixed assets | 22/27 | €287,321 | €25,031 | -€262,290 | -91.3% |
| Land and buildings | 22 | €285,967 | €13,660 | -€272,307 | -95.2% |
| Plant, machinery and equipment | 23 | €401 | - | -€401 | |
| Furniture and vehicles | 24 | €953 | €11,372 | +€10,419 | +1,094% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €41,413 | €627,863 | +€586,450 | +1,416% |
| Amounts receivable within one year | 40/41 | €34,715 | €37,376 | +€2,661 | +7.7% |
| Trade receivables | 40 | €34,715 | €36,699 | +€1,984 | +5.7% |
| Other amounts receivable | 41 | - | €677 | +€677 | |
| Cash at bank and in hand | 54/58 | €5,344 | €590,092 | +€584,748 | +10,943% |
| Deferred charges and accrued income | 490/1 | €1,354 | €395 | -€959 | -70.9% |
| Total equity and liabilities | 10/49 | €328,974 | €653,134 | +€324,160 | +98.5% |
| Equity | 10/15 | €85,917 | €363,448 | +€277,531 | +323% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €242,059 | - | -€242,059 | |
| Reserves | 13 | €1,860 | €359,578 | +€357,718 | +19,232% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €357,718 | +€357,718 | |
| Profit (loss) carried forward | 14 | -€176,602 | -€14,730 | +€161,872 | +91.7% |
| Provisions and deferred taxes | 16 | - | €119,239 | +€119,239 | |
| Deferred taxes | 168 | - | €119,239 | +€119,239 | |
| Amounts payable | 17/49 | €243,057 | €170,447 | -€72,610 | -29.9% |
| Amounts payable after more than one year | 17 | €35,228 | €5,451 | -€29,777 | -84.5% |
| Financial debts | 170/4 | €35,228 | €5,451 | -€29,777 | -84.5% |
| Amounts payable within one year | 42/48 | €206,864 | €164,928 | -€41,936 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €14,421 | €3,242 | -€11,179 | -77.5% |
| Trade debts | 44 | €18,415 | €25,342 | +€6,927 | +37.6% |
| Suppliers | 440/4 | €18,415 | €25,342 | +€6,927 | +37.6% |
| Taxes, remuneration and social security | 45 | €13,211 | €27,186 | +€13,975 | +106% |
| Taxes | 450/3 | €13,211 | €27,186 | +€13,975 | +106% |
| Other amounts payable | 47/48 | €160,816 | €109,158 | -€51,658 | -32.1% |
| Accrued charges and deferred income | 492/3 | €965 | €68 | -€897 | -93.0% |
| Non-recurring operating income | 76A | - | €581,394 | +€581,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,828 | €1,919 | -€22,910 | -92.3% |
| Other operating charges | 640/8 | €4,255 | €2,492 | -€1,763 | -41.4% |
| Gross operating margin | 9900 | €51,344 | €667,863 | +€616,518 | +1,201% |
| Operating profit (loss) | 9901 | €22,261 | €663,452 | +€641,191 | +2,880% |
| Financial income | 75/76B | €67 | €50 | -€17 | -25.2% |
| Recurring financial income | 75 | €67 | €50 | -€17 | -25.2% |
| Financial charges | 65/66B | €6,207 | €5,380 | -€827 | -13.3% |
| Recurring financial charges | 65 | €6,207 | €5,380 | -€827 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €16,122 | €658,123 | +€642,001 | +3,982% |
| Transfer from deferred taxes | 780 | - | €16 | +€16 | |
| Transfer to deferred taxes | 680 | - | €119,256 | +€119,256 | |
| Income taxes | 67/77 | €4,270 | €19,293 | +€15,024 | +352% |
| Profit (loss) for the period | 9904 | €11,852 | €519,590 | +€507,738 | +4,284% |
| Transfer from tax-exempt reserves | 789 | - | €49 | +€49 | |
| Transfer to tax-exempt reserves | 689 | - | €357,768 | +€357,768 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,852 | €161,872 | +€150,020 | +1,266% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.