Topaze Management: 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 Management
Largest movements
- Cash +€38,816
up €38,816 (+122%), from €31,749 to €70,566
mainly Net result for the year (+€41,569) and Receivables within one year (+€9,545)
- Deferred charges and accrued income +€22,583
new in 2024: €22,583
- Receivables within one year -€9,545
down €9,545 (-77.4%), from €12,331 to €2,786
of which Trade receivables: -€10,871
- Reserves +€41,569
up €41,569 (+118%), from €35,122 to €76,691
- Tax, wage and social debts +€7,569
up €7,569 (+1,006%), from €752 to €8,321
of which Taxes: +€4,765
- Other debts +€1,707
up €1,707 (+23.3%), from €7,323 to €9,030
- Gross operating margin +€59,905
up €59,905 (+931%), from €6,431 to €66,336
- Taxes +€12,936
up €12,936 (+1,178%), from €1,098 to €14,033
- Staff costs +€9,729
new in 2024: €9,729
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 | €44,697 | €96,174 | +€51,477 | +115% |
| Fixed assets | 21/28 | €618 | €240 | -€378 | -61.2% |
| Tangible fixed assets | 22/27 | €618 | €240 | -€378 | -61.2% |
| Other tangible fixed assets | 26 | €618 | €240 | -€378 | -61.2% |
| Current assets | 29/58 | €44,080 | €95,935 | +€51,855 | +118% |
| Amounts receivable within one year | 40/41 | €12,331 | €2,786 | -€9,545 | -77.4% |
| Trade receivables | 40 | €10,871 | - | -€10,871 | |
| Other amounts receivable | 41 | €1,460 | €2,786 | +€1,326 | +90.9% |
| Cash at bank and in hand | 54/58 | €31,749 | €70,566 | +€38,816 | +122% |
| Deferred charges and accrued income | 490/1 | - | €22,583 | +€22,583 | |
| Total equity and liabilities | 10/49 | €44,697 | €96,174 | +€51,477 | +115% |
| Equity | 10/15 | €36,622 | €78,191 | +€41,569 | +114% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €35,122 | €76,691 | +€41,569 | +118% |
| Distributable reserves | 133 | €35,122 | €76,691 | +€41,569 | +118% |
| Amounts payable | 17/49 | €8,075 | €17,983 | +€9,908 | +123% |
| Amounts payable within one year | 42/48 | €8,075 | €17,983 | +€9,908 | +123% |
| Trade debts | 44 | - | €631 | +€631 | |
| Suppliers | 440/4 | - | €631 | +€631 | |
| Taxes, remuneration and social security | 45 | €752 | €8,321 | +€7,569 | +1,006% |
| Taxes | 450/3 | €752 | €5,517 | +€4,765 | +634% |
| Remuneration and social security | 454/9 | - | €2,805 | +€2,805 | |
| Other amounts payable | 47/48 | €7,323 | €9,030 | +€1,707 | +23.3% |
| Remuneration, social security and pensions | 62 | - | €9,729 | +€9,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378 | €378 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €6,431 | €66,336 | +€59,905 | +931% |
| Operating profit (loss) | 9901 | €5,669 | €55,842 | +€50,173 | +885% |
| Financial charges | 65/66B | €180 | €240 | +€60 | +33.0% |
| Recurring financial charges | 65 | €180 | €240 | +€60 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €5,489 | €55,602 | +€50,114 | +913% |
| Income taxes | 67/77 | €1,098 | €14,033 | +€12,936 | +1,178% |
| Profit (loss) for the period | 9904 | €4,391 | €41,569 | +€37,178 | +847% |
| Profit (loss) for the period to be appropriated | 9905 | €4,391 | €41,569 | +€37,178 | +847% |
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 15 October 2026 via checked.be.