TOPAZ: 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.
TOPAZ
Largest movements
- Cash -€120,393
down €120,393 (-70.6%), from €170,503 to €50,110
mainly Receivables within one year (-€108,253) and Other debts (-€15,699)
- Receivables within one year +€108,253
up €108,253 (+2530.3%), from €4,278 to €112,531
of which Other amounts receivable: +€107,693
- Other debts -€15,699
down €15,699 (-90.2%), from €17,399 to €1,700
- Profit (loss) carried forward +€3,474
up €3,474 (+17.0%), from -€20,491 to -€17,017
- Gross operating margin +€7,621
up €7,621, from -€3,859 to €3,762
- Financial income +€4,803
up €4,803 (+6004275.0%), from €0 to €4,804
- Taxes +€244
up €244, from €0 to €244
- Other operating charges +€108
up €108 (+5.8%), from €1,872 to €1,980
- Financial charges +€105
up €105 (+377.0%), from €28 to €133
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 | €195,489 | €182,611 | -€12,878 | -6.6% |
| Fixed assets | 21/28 | €20,708 | €19,970 | -€738 | -3.6% |
| Tangible fixed assets | 22/27 | €20,708 | €19,970 | -€738 | -3.6% |
| Land and buildings | 22 | €20,708 | €18,058 | -€2,650 | -12.8% |
| Other tangible fixed assets | 26 | - | €1,912 | +€1,912 | |
| Current assets | 29/58 | €174,781 | €162,641 | -€12,140 | -6.9% |
| Amounts receivable within one year | 40/41 | €4,278 | €112,531 | +€108,253 | +2530.3% |
| Trade receivables | 40 | €94 | €653 | +€560 | +597.3% |
| Other amounts receivable | 41 | €4,185 | €111,878 | +€107,693 | +2573.6% |
| Cash at bank and in hand | 54/58 | €170,503 | €50,110 | -€120,393 | -70.6% |
| Total equity and liabilities | 10/49 | €195,489 | €182,611 | -€12,878 | -6.6% |
| Equity | 10/15 | €175,399 | €178,873 | +€3,474 | +2.0% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €90,535 | €90,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,535 | €0 | -€10,535 | -100.0% |
| Reserves not available under the articles | 1311 | €10,535 | €0 | -€10,535 | -100.0% |
| Distributable reserves | 133 | €80,000 | €90,535 | +€10,535 | +13.2% |
| Profit (loss) carried forward | 14 | -€20,491 | -€17,017 | +€3,474 | +17.0% |
| Amounts payable | 17/49 | €20,090 | €3,738 | -€16,352 | -81.4% |
| Amounts payable within one year | 42/48 | €20,090 | €3,738 | -€16,352 | -81.4% |
| Trade debts | 44 | €2,655 | €1,839 | -€816 | -30.7% |
| Suppliers | 440/4 | €2,655 | €1,839 | -€816 | -30.7% |
| Taxes, remuneration and social security | 45 | €36 | €199 | +€164 | +459.7% |
| Taxes | 450/3 | €36 | €199 | +€164 | +459.7% |
| Other amounts payable | 47/48 | €17,399 | €1,700 | -€15,699 | -90.2% |
| Non-recurring operating income | 76A | - | €1,309 | +€1,309 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,650 | €2,735 | +€84 | +3.2% |
| Other operating charges | 640/8 | €1,872 | €1,980 | +€108 | +5.8% |
| Gross operating margin | 9900 | -€3,859 | €3,762 | +€7,621 | |
| Operating profit (loss) | 9901 | -€8,381 | -€952 | +€7,429 | +88.6% |
| Financial income | 75/76B | €0 | €4,804 | +€4,803 | +6004275.0% |
| Recurring financial income | 75 | €0 | €4,804 | +€4,803 | +6004275.0% |
| Financial charges | 65/66B | €28 | €133 | +€105 | +377.0% |
| Recurring financial charges | 65 | €28 | €133 | +€105 | +377.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,409 | €3,718 | +€12,127 | |
| Income taxes | 67/77 | €0 | €244 | +€244 | |
| Profit (loss) for the period | 9904 | -€8,409 | €3,474 | +€11,883 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,409 | €3,474 | +€11,883 |
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 12 October 2026 via checked.be.