TOPO II: 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.
TOPO II
Largest movements
- Cash -€70,599
down €70,599 (-35.8%), from €197,013 to €126,414
mainly Contributions, distributions and other (-€117,000) and Other debts (-€47,359)
- Receivables within one year +€14,796
up €14,796 (+1,138%), from €1,300 to €16,096
of which Trade receivables: +€10,630
- Other debts -€47,359
down €47,359 (-3.6%), from €1.3m to €1.3m
- Financial charges +€37,181
up €37,181, from -€913 to €36,269
- Financial income -€18,082
down €18,082 (-84.2%), from €21,464 to €3,382
- Gross operating margin +€4,858
up €4,858 (+2.2%), from €222,776 to €227,633
- Taxes -€2,591
down €2,591 (-6.5%), from €40,139 to €37,548
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 | €1,441,451 | €1,385,853 | -€55,598 | -3.9% |
| Fixed assets | 21/28 | €389,979 | €385,760 | -€4,219 | -1.1% |
| Tangible fixed assets | 22/27 | €389,979 | €385,760 | -€4,219 | -1.1% |
| Land and buildings | 22 | €389,830 | €382,876 | -€6,954 | -1.8% |
| Plant, machinery and equipment | 23 | - | €2,884 | +€2,884 | |
| Furniture and vehicles | 24 | €149 | - | -€149 | |
| Current assets | 29/58 | €1,051,471 | €1,000,093 | -€51,379 | -4.9% |
| Amounts receivable within one year | 40/41 | €1,300 | €16,096 | +€14,796 | +1,138% |
| Trade receivables | 40 | - | €10,630 | +€10,630 | |
| Other amounts receivable | 41 | €1,300 | €5,466 | +€4,166 | +320% |
| Current investments | 50/53 | €838,178 | €842,608 | +€4,430 | +0.5% |
| Cash at bank and in hand | 54/58 | €197,013 | €126,414 | -€70,599 | -35.8% |
| Deferred charges and accrued income | 490/1 | €14,980 | €14,975 | -€5 | 0.0% |
| Total equity and liabilities | 10/49 | €1,441,451 | €1,385,853 | -€55,598 | -3.9% |
| Equity | 10/15 | €83,499 | €82,679 | -€820 | -1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €21,435 | €20,633 | -€802 | -3.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,235 | €14,433 | -€802 | -5.3% |
| Profit (loss) carried forward | 14 | €64 | €46 | -€18 | -27.9% |
| Provisions and deferred taxes | 16 | €5,078 | €4,811 | -€267 | -5.3% |
| Deferred taxes | 168 | €5,078 | €4,811 | -€267 | -5.3% |
| Amounts payable | 17/49 | €1,352,874 | €1,298,363 | -€54,511 | -4.0% |
| Amounts payable after more than one year | 17 | €6,197 | €6,197 | = | 0.0% |
| Other amounts payable | 178/9 | €6,197 | €6,197 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,323,164 | €1,274,798 | -€48,366 | -3.7% |
| Trade debts | 44 | €20,482 | €19,475 | -€1,007 | -4.9% |
| Suppliers | 440/4 | €20,482 | €19,475 | -€1,007 | -4.9% |
| Other amounts payable | 47/48 | €1,302,682 | €1,255,323 | -€47,359 | -3.6% |
| Accrued charges and deferred income | 492/3 | €23,512 | €17,367 | -€6,145 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,487 | €7,824 | +€337 | +4.5% |
| Other operating charges | 640/8 | €32,492 | €33,461 | +€968 | +3.0% |
| Gross operating margin | 9900 | €222,776 | €227,633 | +€4,858 | +2.2% |
| Operating profit (loss) | 9901 | €182,796 | €186,348 | +€3,552 | +1.9% |
| Financial income | 75/76B | €21,464 | €3,382 | -€18,082 | -84.2% |
| Recurring financial income | 75 | €21,464 | €3,382 | -€18,082 | -84.2% |
| Financial charges | 65/66B | -€913 | €36,269 | +€37,181 | |
| Recurring financial charges | 65 | -€913 | €36,269 | +€37,181 | |
| Profit (loss) for the period before taxes | 9903 | €205,172 | €153,461 | -€51,711 | -25.2% |
| Transfer from deferred taxes | 780 | €267 | €267 | = | 0.0% |
| Income taxes | 67/77 | €40,139 | €37,548 | -€2,591 | -6.5% |
| Profit (loss) for the period | 9904 | €165,301 | €116,180 | -€49,121 | -29.7% |
| Transfer from tax-exempt reserves | 789 | €802 | €802 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €166,103 | €116,982 | -€49,121 | -29.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.