TOPAZ TECH GROUP: 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 TECH GROUP
Largest movements
- Current investments -€66,338
down €66,338 (-22.2%), from €299,487 to €233,150
- Deferred charges and accrued income +€33,150
new in 2025: €33,150
- Cash -€14,549
down €14,549 (-11.1%), from €130,861 to €116,312
mainly Contributions, distributions and other (-€52,000) and Deferred charges and accrued income (-€33,150)
- Receivables within one year +€14,435
up €14,435 (+31.0%), from €46,505 to €60,940
of which Other amounts receivable: +€14,435
- Reserves -€52,000
down €52,000 (-21.9%), from €237,625 to €185,625
of which Distributable reserves: -€52,000
- Tax, wage and social debts +€18,031
up €18,031 (+27.9%), from €64,561 to €82,592
- Gross operating margin -€31,410
down €31,410, from €27,014 to -€4,396
- Taxes -€13,980
down €13,980 (-97.6%), from €14,320 to €340
- Financial income +€5,420
up €5,420 (+178%), from €3,044 to €8,464
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.
Derived cash bridge
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 | €535,180 | €500,002 | -€35,178 | -6.6% |
| Fixed assets | 21/28 | €58,326 | €56,449 | -€1,877 | -3.2% |
| Tangible fixed assets | 22/27 | €58,326 | €56,449 | -€1,877 | -3.2% |
| Land and buildings | 22 | €58,326 | €56,449 | -€1,877 | -3.2% |
| Current assets | 29/58 | €476,853 | €443,552 | -€33,301 | -7.0% |
| Amounts receivable within one year | 40/41 | €46,505 | €60,940 | +€14,435 | +31.0% |
| Trade receivables | 40 | €38,188 | €38,188 | = | 0.0% |
| Other amounts receivable | 41 | €8,317 | €22,753 | +€14,435 | +174% |
| Current investments | 50/53 | €299,487 | €233,150 | -€66,338 | -22.2% |
| Cash at bank and in hand | 54/58 | €130,861 | €116,312 | -€14,549 | -11.1% |
| Deferred charges and accrued income | 490/1 | - | €33,150 | +€33,150 | |
| Total equity and liabilities | 10/49 | €535,180 | €500,002 | -€35,178 | -6.6% |
| Equity | 10/15 | €467,411 | €416,492 | -€50,919 | -10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,625 | €185,625 | -€52,000 | -21.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €204,770 | €152,770 | -€52,000 | -25.4% |
| Profit (loss) carried forward | 14 | €217,386 | €218,467 | +€1,081 | +0.5% |
| Amounts payable | 17/49 | €67,769 | €83,509 | +€15,740 | +23.2% |
| Amounts payable within one year | 42/48 | €67,769 | €83,509 | +€15,740 | +23.2% |
| Trade debts | 44 | €917 | €917 | = | 0.0% |
| Suppliers | 440/4 | €917 | €917 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €64,561 | €82,592 | +€18,031 | +27.9% |
| Taxes | 450/3 | €64,561 | €82,592 | +€18,031 | +27.9% |
| Other amounts payable | 47/48 | €2,291 | - | -€2,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,877 | €1,877 | = | 0.0% |
| Other operating charges | 640/8 | €842 | €769 | -€73 | -8.7% |
| Gross operating margin | 9900 | €27,014 | -€4,396 | -€31,410 | |
| Operating profit (loss) | 9901 | €24,295 | -€7,042 | -€31,337 | |
| Financial income | 75/76B | €3,044 | €8,464 | +€5,420 | +178% |
| Recurring financial income | 75 | €3,044 | €8,464 | +€5,420 | +178% |
| Profit (loss) for the period before taxes | 9903 | €27,339 | €1,422 | -€25,917 | -94.8% |
| Income taxes | 67/77 | €14,320 | €340 | -€13,980 | -97.6% |
| Profit (loss) for the period | 9904 | €13,019 | €1,081 | -€11,937 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,019 | €1,081 | -€11,937 | -91.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.