Topinamboer: 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.
Topinamboer
Largest movements
- Current investments +€990,304
new in 2025: €990,304
- Cash -€496,523
down €496,523 (-93.8%), from €529,382 to €32,859
mainly Current investments (-€990,304) and Contributions, distributions and other (-€194,310)
- Tangible fixed assets -€218,722
down €218,722 (-75.1%), from €291,249 to €72,527
of which Land and buildings: -€144,857
- Stocks and contracts -€27,926
no longer reported in 2025 (was €27,926)
- Reserves +€251,940
up €251,940 (+35.7%), from €705,980 to €957,920
of which Distributable reserves: +€251,940
- Tax, wage and social debts +€26,555
up €26,555 (+423%), from €6,279 to €32,834
of which Taxes: +€32,430
- Other debts -€18,032
down €18,032 (-55.6%), from €32,435 to €14,403
- Debts after one year -€14,313
down €14,313 (-31.5%), from €45,406 to €31,093
- Gross operating margin +€240,092
up €240,092 (+53.3%), from €450,213 to €690,305
- Staff costs -€186,529
down €186,529 (-98.7%), from €189,068 to €2,540
- Taxes +€149,666
up €149,666 (+255%), from €58,607 to €208,273
- Depreciation -€26,027
down €26,027 (-48.4%), from €53,742 to €27,715
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 | €864,452 | €1,106,973 | +€242,521 | +28.1% |
| Fixed assets | 21/28 | €292,424 | €73,702 | -€218,722 | -74.8% |
| Tangible fixed assets | 22/27 | €291,249 | €72,527 | -€218,722 | -75.1% |
| Land and buildings | 22 | €172,096 | €27,239 | -€144,857 | -84.2% |
| Plant, machinery and equipment | 23 | €59,818 | €405 | -€59,413 | -99.3% |
| Furniture and vehicles | 24 | €59,335 | €44,882 | -€14,453 | -24.4% |
| Financial fixed assets | 28 | €1,175 | €1,175 | = | 0.0% |
| Current assets | 29/58 | €572,028 | €1,033,271 | +€461,243 | +80.6% |
| Stocks and contracts in progress | 3 | €27,926 | - | -€27,926 | |
| Stocks | 30/36 | €27,926 | - | -€27,926 | |
| Amounts receivable within one year | 40/41 | €10,728 | €5,378 | -€5,350 | -49.9% |
| Trade receivables | 40 | €8,404 | €2,800 | -€5,604 | -66.7% |
| Other amounts receivable | 41 | €2,324 | €2,578 | +€254 | +10.9% |
| Current investments | 50/53 | - | €990,304 | +€990,304 | |
| Cash at bank and in hand | 54/58 | €529,382 | €32,859 | -€496,523 | -93.8% |
| Deferred charges and accrued income | 490/1 | €3,992 | €4,730 | +€738 | +18.5% |
| Total equity and liabilities | 10/49 | €864,452 | €1,106,973 | +€242,521 | +28.1% |
| Equity | 10/15 | €761,597 | €1,013,540 | +€251,943 | +33.1% |
| Contributions | 10/11 | €55,500 | €55,500 | = | 0.0% |
| Reserves | 13 | €705,980 | €957,920 | +€251,940 | +35.7% |
| Non-distributable reserves | 130/1 | €5,550 | €5,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,550 | €5,550 | = | 0.0% |
| Distributable reserves | 133 | €700,430 | €952,370 | +€251,940 | +36.0% |
| Profit (loss) carried forward | 14 | €117 | €120 | +€3 | +2.5% |
| Amounts payable | 17/49 | €102,855 | €93,432 | -€9,422 | -9.2% |
| Amounts payable after more than one year | 17 | €45,406 | €31,093 | -€14,313 | -31.5% |
| Financial debts | 170/4 | €45,406 | €31,093 | -€14,313 | -31.5% |
| Amounts payable within one year | 42/48 | €57,449 | €62,339 | +€4,891 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €14,449 | €14,313 | -€137 | -0.9% |
| Trade debts | 44 | €3,744 | €790 | -€2,954 | -78.9% |
| Suppliers | 440/4 | €3,744 | €790 | -€2,954 | -78.9% |
| Advances received on contracts in progress | 46 | €542 | - | -€542 | |
| Taxes, remuneration and social security | 45 | €6,279 | €32,834 | +€26,555 | +423% |
| Taxes | 450/3 | €404 | €32,834 | +€32,430 | +8,031% |
| Remuneration and social security | 454/9 | €5,875 | - | -€5,875 | |
| Other amounts payable | 47/48 | €32,435 | €14,403 | -€18,032 | -55.6% |
| Non-recurring operating income | 76A | €6,090 | €738,992 | +€732,902 | +12,035% |
| Remuneration, social security and pensions | 62 | €189,068 | €2,540 | -€186,529 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,742 | €27,715 | -€26,027 | -48.4% |
| Other operating charges | 640/8 | €2,990 | €3,645 | +€655 | +21.9% |
| Gross operating margin | 9900 | €450,213 | €690,305 | +€240,092 | +53.3% |
| Operating profit (loss) | 9901 | €204,413 | €656,406 | +€451,992 | +221% |
| Financial income | 75/76B | €584 | €1,464 | +€879 | +150% |
| Recurring financial income | 75 | €584 | €1,464 | +€879 | +150% |
| Financial charges | 65/66B | €4,911 | €3,344 | -€1,567 | -31.9% |
| Recurring financial charges | 65 | €4,911 | €3,344 | -€1,567 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €200,087 | €654,526 | +€454,439 | +227% |
| Income taxes | 67/77 | €58,607 | €208,273 | +€149,666 | +255% |
| Profit (loss) for the period | 9904 | €141,480 | €446,253 | +€304,773 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €141,480 | €446,253 | +€304,773 | +215% |
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 25 October 2026 via checked.be.