TOPIARI: 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.
TOPIARI
Largest movements
- Tangible fixed assets -€4,721
down €4,721 (-4.6%), from €103,530 to €98,809
of which Other tangible fixed assets: -€4,456
- Reserves -€3,666
down €3,666 (-11.1%), from €32,928 to €29,262
of which Distributable reserves: -€3,666
- Tax, wage and social debts -€1,433
down €1,433 (-78.0%), from €1,838 to €405
- Gross operating margin -€8,209
down €8,209 (-71.9%), from €11,421 to €3,212
- Taxes -€1,369
no longer reported in 2025 (was €1,369)
- Financial charges -€189
down €189 (-11.9%), from €1,591 to €1,403
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 | €117,380 | €111,122 | -€6,259 | -5.3% |
| Fixed assets | 21/28 | €103,530 | €98,809 | -€4,721 | -4.6% |
| Tangible fixed assets | 22/27 | €103,530 | €98,809 | -€4,721 | -4.6% |
| Plant, machinery and equipment | 23 | €2,183 | €1,919 | -€265 | -12.1% |
| Other tangible fixed assets | 26 | €101,347 | €96,890 | -€4,456 | -4.4% |
| Current assets | 29/58 | €13,851 | €12,313 | -€1,538 | -11.1% |
| Amounts receivable within one year | 40/41 | €976 | - | -€976 | |
| Trade receivables | 40 | €976 | - | -€976 | |
| Cash at bank and in hand | 54/58 | €12,691 | €12,131 | -€560 | -4.4% |
| Deferred charges and accrued income | 490/1 | €184 | €182 | -€2 | -0.9% |
| Total equity and liabilities | 10/49 | €117,380 | €111,122 | -€6,259 | -5.3% |
| Equity | 10/15 | €95,428 | €91,762 | -€3,666 | -3.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €32,928 | €29,262 | -€3,666 | -11.1% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €26,678 | €23,012 | -€3,666 | -13.7% |
| Amounts payable | 17/49 | €21,952 | €19,359 | -€2,593 | -11.8% |
| Amounts payable within one year | 42/48 | €21,952 | €19,359 | -€2,593 | -11.8% |
| Trade debts | 44 | €314 | €323 | +€9 | +2.8% |
| Suppliers | 440/4 | €314 | €323 | +€9 | +2.8% |
| Taxes, remuneration and social security | 45 | €1,838 | €405 | -€1,433 | -78.0% |
| Taxes | 450/3 | €1,838 | €405 | -€1,433 | -78.0% |
| Other amounts payable | 47/48 | €19,801 | €18,632 | -€1,169 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,721 | €4,721 | = | 0.0% |
| Other operating charges | 640/8 | €723 | €754 | +€31 | +4.3% |
| Gross operating margin | 9900 | €11,421 | €3,212 | -€8,209 | -71.9% |
| Operating profit (loss) | 9901 | €5,977 | -€2,263 | -€8,240 | |
| Financial charges | 65/66B | €1,591 | €1,403 | -€189 | -11.9% |
| Recurring financial charges | 65 | €1,591 | €1,403 | -€189 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €4,386 | -€3,666 | -€8,051 | |
| Income taxes | 67/77 | €1,369 | - | -€1,369 | |
| Profit (loss) for the period | 9904 | €3,016 | -€3,666 | -€6,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,016 | -€3,666 | -€6,682 |
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 20 October 2026 via checked.be.