TOPGEAR: what changed
Two fiscal 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.
TOPGEAR
Largest movements
- Stocks and contracts -€16,635
down €16,635 (-39.1%), from €42,555 to €25,920
- Cash -€9,591
down €9,591 (-37.0%), from €25,953 to €16,362
mainly Tax, wage and social debts (-€15,743) and Investment in fixed assets (net) (-€8,517)
- Tangible fixed assets +€7,328
up €7,328 (+167.9%), from €4,364 to €11,692
- Deferred charges and accrued income +€896
up €896 (+67.4%), from €1,329 to €2,225
- Tax, wage and social debts -€15,743
down €15,743 (-33.7%), from €46,759 to €31,015
of which Taxes: -€9,028
- Profit (loss) carried forward -€6,288
down €6,288 (-15.7%), from -€39,996 to -€46,283
- Trade debts +€3,753
up €3,753 (+61.5%), from €6,105 to €9,859
- Advances received +€1,200
up €1,200 (+8.0%), from €14,933 to €16,133
- Gross operating margin -€88,969
down €88,969, from €81,449 to -€7,520
- Staff costs -€31,438
no longer reported in 2025 (was €31,438)
- Financial income +€12,753
up €12,753 (+930847.4%), from €1 to €12,754
- Depreciation -€4,632
down €4,632 (-79.6%), from €5,821 to €1,189
- Other operating charges -€1,091
down €1,091 (-11.2%), from €9,723 to €8,632
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 | €79,834 | €62,377 | -€17,457 | -21.9% |
| Fixed assets | 21/28 | €9,673 | €17,001 | +€7,328 | +75.8% |
| Tangible fixed assets | 22/27 | €4,364 | €11,692 | +€7,328 | +167.9% |
| Plant, machinery and equipment | 23 | €4,364 | €11,692 | +€7,328 | +167.9% |
| Financial fixed assets | 28 | €5,309 | €5,309 | = | 0.0% |
| Current assets | 29/58 | €70,161 | €45,376 | -€24,786 | -35.3% |
| Stocks and contracts in progress | 3 | €42,555 | €25,920 | -€16,635 | -39.1% |
| Stocks | 30/36 | €42,555 | €25,920 | -€16,635 | -39.1% |
| Amounts receivable within one year | 40/41 | €324 | €868 | +€544 | +167.6% |
| Other amounts receivable | 41 | €324 | €868 | +€544 | +167.6% |
| Cash at bank and in hand | 54/58 | €25,953 | €16,362 | -€9,591 | -37.0% |
| Deferred charges and accrued income | 490/1 | €1,329 | €2,225 | +€896 | +67.4% |
| Total equity and liabilities | 10/49 | €79,834 | €62,377 | -€17,457 | -21.9% |
| Equity | 10/15 | €11,658 | €5,370 | -€6,288 | -53.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,054 | €33,054 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,194 | €31,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,996 | -€46,283 | -€6,288 | -15.7% |
| Amounts payable | 17/49 | €68,177 | €57,007 | -€11,170 | -16.4% |
| Amounts payable within one year | 42/48 | €68,177 | €57,007 | -€11,170 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €380 | - | -€380 | |
| Trade debts | 44 | €6,105 | €9,859 | +€3,753 | +61.5% |
| Suppliers | 440/4 | €6,105 | €9,859 | +€3,753 | +61.5% |
| Advances received on contracts in progress | 46 | €14,933 | €16,133 | +€1,200 | +8.0% |
| Taxes, remuneration and social security | 45 | €46,759 | €31,015 | -€15,743 | -33.7% |
| Taxes | 450/3 | €20,850 | €11,822 | -€9,028 | -43.3% |
| Remuneration and social security | 454/9 | €25,909 | €19,194 | -€6,715 | -25.9% |
| Remuneration, social security and pensions | 62 | €31,438 | - | -€31,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,821 | €1,189 | -€4,632 | -79.6% |
| Other operating charges | 640/8 | €9,723 | €8,632 | -€1,091 | -11.2% |
| Gross operating margin | 9900 | €81,449 | -€7,520 | -€88,969 | |
| Operating profit (loss) | 9901 | €34,468 | -€17,341 | -€51,809 | |
| Financial income | 75/76B | €1 | €12,754 | +€12,753 | +930847.4% |
| Recurring financial income | 75 | €1 | €12,754 | +€12,753 | +930847.4% |
| Financial charges | 65/66B | €2,084 | €1,701 | -€383 | -18.4% |
| Recurring financial charges | 65 | €2,084 | €1,701 | -€383 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €32,385 | -€6,288 | -€38,673 | |
| Profit (loss) for the period | 9904 | €32,385 | -€6,288 | -€38,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,385 | -€6,288 | -€38,673 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.