TOPAZI: 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.
TOPAZI
Largest movements
- Receivables within one year +€9,142
up €9,142 (+39.2%), from €23,338 to €32,480
of which Other amounts receivable: +€8,645
- Stocks and contracts +€5,469
up €5,469 (+61.9%), from €8,833 to €14,302
- Tax, wage and social debts +€18,801
up €18,801 (+39.7%), from €47,371 to €66,172
of which Taxes: +€10,415
- Profit (loss) carried forward -€11,779
down €11,779 (-7.8%), from €151,593 to €139,814
- Trade debts +€6,250
up €6,250 (+73.4%), from €8,515 to €14,765
- Staff costs +€95,580
up €95,580 (+39.6%), from €241,396 to €336,975
- Turnover +€38,168
up €38,168 (+3.6%), from €1.1m to €1.1m
- Gross operating margin +€34,280
up €34,280 (+10.9%), from €314,880 to €349,160
- Taxes -€15,456
down €15,456 (-95.2%), from €16,227 to €771
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 | €266,620 | €279,892 | +€13,272 | +5.0% |
| Fixed assets | 21/28 | €29,076 | €26,418 | -€2,658 | -9.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €25,358 | €22,700 | -€2,658 | -10.5% |
| Furniture and vehicles | 24 | €20,592 | €20,568 | -€25 | -0.1% |
| Other tangible fixed assets | 26 | €3,115 | €2,132 | -€983 | -31.6% |
| Assets under construction and advance payments | 27 | €1,651 | - | -€1,651 | |
| Financial fixed assets | 28 | €3,718 | €3,718 | = | 0.0% |
| Current assets | 29/58 | €237,543 | €253,474 | +€15,930 | +6.7% |
| Stocks and contracts in progress | 3 | €8,833 | €14,302 | +€5,469 | +61.9% |
| Stocks | 30/36 | €8,833 | €14,302 | +€5,469 | +61.9% |
| Amounts receivable within one year | 40/41 | €23,338 | €32,480 | +€9,142 | +39.2% |
| Trade receivables | 40 | €1,710 | €2,207 | +€497 | +29.1% |
| Other amounts receivable | 41 | €21,628 | €30,273 | +€8,645 | +40.0% |
| Cash at bank and in hand | 54/58 | €201,501 | €202,239 | +€738 | +0.4% |
| Deferred charges and accrued income | 490/1 | €3,871 | €4,453 | +€582 | +15.0% |
| Total equity and liabilities | 10/49 | €266,620 | €279,892 | +€13,272 | +5.0% |
| Equity | 10/15 | €210,359 | €198,581 | -€11,779 | -5.6% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Capital | 10 | €12,403 | €12,403 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €46,364 | €46,364 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,504 | €44,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,593 | €139,814 | -€11,779 | -7.8% |
| Amounts payable | 17/49 | €56,260 | €81,311 | +€25,051 | +44.5% |
| Amounts payable within one year | 42/48 | €55,886 | €80,937 | +€25,051 | +44.8% |
| Trade debts | 44 | €8,515 | €14,765 | +€6,250 | +73.4% |
| Suppliers | 440/4 | €8,515 | €14,765 | +€6,250 | +73.4% |
| Taxes, remuneration and social security | 45 | €47,371 | €66,172 | +€18,801 | +39.7% |
| Taxes | 450/3 | €27,168 | €37,583 | +€10,415 | +38.3% |
| Remuneration and social security | 454/9 | €20,203 | €28,589 | +€8,386 | +41.5% |
| Accrued charges and deferred income | 492/3 | €374 | €374 | = | 0.0% |
| Turnover | 70 | €1,054,637 | €1,092,805 | +€38,168 | +3.6% |
| Non-recurring operating income | 76A | €372 | €2,700 | +€2,328 | +625% |
| Goods, raw materials, services and sundry goods | 60/61 | €746,017 | €748,485 | +€2,468 | +0.3% |
| Remuneration, social security and pensions | 62 | €241,396 | €336,975 | +€95,580 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,053 | €8,185 | +€1,133 | +16.1% |
| Other operating charges | 640/8 | €1,629 | €499 | -€1,129 | -69.3% |
| Gross operating margin | 9900 | €314,880 | €349,160 | +€34,280 | +10.9% |
| Operating profit (loss) | 9901 | €64,803 | €3,500 | -€61,303 | -94.6% |
| Financial income | 75/76B | €2,278 | €1,715 | -€563 | -24.7% |
| Recurring financial income | 75 | €2,278 | €1,715 | -€563 | -24.7% |
| Financial charges | 65/66B | €12,350 | €16,222 | +€3,872 | +31.3% |
| Recurring financial charges | 65 | €12,350 | €16,222 | +€3,872 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €54,730 | -€11,007 | -€65,738 | |
| Income taxes | 67/77 | €16,227 | €771 | -€15,456 | -95.2% |
| Profit (loss) for the period | 9904 | €38,503 | -€11,779 | -€50,282 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,503 | -€11,779 | -€50,282 |
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 24 October 2026 via checked.be.