TOPAZE: 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.
TOPAZE
Largest movements
- Receivables within one year +€190,000
up €190,000 (+12.3%), from €1.5m to €1.7m
- Stocks and contracts -€158,950
down €158,950 (-14.8%), from €1.1m to €915,350
- Cash -€37,230
down €37,230 (-31.8%), from €116,988 to €79,759
mainly Receivables within one year (-€190,000) and Net result for the year (-€5,345)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€572
down €572 (-48.7%), from €1,175 to €603
- Other operating charges -€495
down €495 (-30.1%), from €1,643 to €1,148
- Gross operating margin -€84
down €84 (-2.4%), from -€3,510 to -€3,594
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 | €2,732,241 | €2,726,061 | -€6,180 | -0.2% |
| Current assets | 29/58 | €2,732,241 | €2,726,061 | -€6,180 | -0.2% |
| Stocks and contracts in progress | 3 | €1,074,300 | €915,350 | -€158,950 | -14.8% |
| Stocks | 30/36 | €1,074,300 | €915,350 | -€158,950 | -14.8% |
| Amounts receivable within one year | 40/41 | €1,540,953 | €1,730,953 | +€190,000 | +12.3% |
| Other amounts receivable | 41 | €1,540,953 | €1,730,953 | +€190,000 | +12.3% |
| Cash at bank and in hand | 54/58 | €116,988 | €79,759 | -€37,230 | -31.8% |
| Total equity and liabilities | 10/49 | €2,732,241 | €2,726,061 | -€6,180 | -0.2% |
| Equity | 10/15 | €2,731,266 | €2,725,921 | -€5,345 | -0.2% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €225,921 | -€24,079 | -9.6% |
| Non-distributable reserves | 130/1 | €250,000 | €225,921 | -€24,079 | -9.6% |
| Legal reserve | 130 | €250,000 | €225,921 | -€24,079 | -9.6% |
| Profit (loss) carried forward | 14 | -€18,734 | - | +€18,734 | |
| Amounts payable | 17/49 | €975 | €140 | -€835 | -85.6% |
| Amounts payable within one year | 42/48 | €975 | €140 | -€835 | -85.6% |
| Trade debts | 44 | €975 | €140 | -€835 | -85.6% |
| Suppliers | 440/4 | €975 | €140 | -€835 | -85.6% |
| Other operating charges | 640/8 | €1,643 | €1,148 | -€495 | -30.1% |
| Gross operating margin | 9900 | -€3,510 | -€3,594 | -€84 | -2.4% |
| Operating profit (loss) | 9901 | -€5,153 | -€4,742 | +€411 | +8.0% |
| Financial charges | 65/66B | €1,175 | €603 | -€572 | -48.7% |
| Recurring financial charges | 65 | €1,175 | €603 | -€572 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,328 | -€5,345 | +€983 | +15.5% |
| Profit (loss) for the period | 9904 | -€6,328 | -€5,345 | +€983 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,328 | -€5,345 | +€983 | +15.5% |
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 23 October 2026 via checked.be.