TOPOJEMA: 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.
TOPOJEMA
Largest movements
- Tangible fixed assets +€36,740
up €36,740 (+66.6%), from €55,134 to €91,874
of which Furniture and vehicles: +€39,315
- Cash +€35,830
up €35,830 (+28.8%), from €124,504 to €160,335
mainly Receivables within one year (+€25,972) and Net result for the year (+€24,028)
- Receivables within one year -€25,972
down €25,972 (-32.6%), from €79,643 to €53,671
of which Trade receivables: -€31,949
- Profit (loss) carried forward +€24,028
up €24,028 (+619.6%), from €3,878 to €27,906
- Debts after one year +€18,237
new in 2025: €18,237
- Current portion of long-term debt +€13,422
new in 2025: €13,422
- Trade debts -€11,644
down €11,644 (-89.0%), from €13,079 to €1,434
- Gross operating margin +€29,325
up €29,325 (+97.5%), from €30,077 to €59,402
- Depreciation +€5,333
up €5,333 (+38.0%), from €14,030 to €19,363
- Taxes +€3,187
up €3,187 (+77.3%), from €4,125 to €7,312
- Financial charges -€2,931
down €2,931 (-76.3%), from €3,840 to €909
- Other operating charges -€614
down €614 (-6.5%), from €9,396 to €8,782
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 | €259,281 | €305,880 | +€46,599 | +18.0% |
| Fixed assets | 21/28 | €55,134 | €91,874 | +€36,740 | +66.6% |
| Tangible fixed assets | 22/27 | €55,134 | €91,874 | +€36,740 | +66.6% |
| Plant, machinery and equipment | 23 | €6,959 | €8,619 | +€1,660 | +23.9% |
| Furniture and vehicles | 24 | €9,688 | €49,003 | +€39,315 | +405.8% |
| Other tangible fixed assets | 26 | €38,487 | €34,252 | -€4,235 | -11.0% |
| Current assets | 29/58 | €204,147 | €214,006 | +€9,859 | +4.8% |
| Amounts receivable within one year | 40/41 | €79,643 | €53,671 | -€25,972 | -32.6% |
| Trade receivables | 40 | €42,660 | €10,711 | -€31,949 | -74.9% |
| Other amounts receivable | 41 | €36,982 | €42,960 | +€5,977 | +16.2% |
| Cash at bank and in hand | 54/58 | €124,504 | €160,335 | +€35,830 | +28.8% |
| Total equity and liabilities | 10/49 | €259,281 | €305,880 | +€46,599 | +18.0% |
| Equity | 10/15 | €238,628 | €262,656 | +€24,028 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €228,550 | €228,550 | = | 0.0% |
| Distributable reserves | 133 | €228,550 | €228,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,878 | €27,906 | +€24,028 | +619.6% |
| Amounts payable | 17/49 | €20,653 | €43,224 | +€22,571 | +109.3% |
| Amounts payable after more than one year | 17 | - | €18,237 | +€18,237 | |
| Financial debts | 170/4 | - | €18,237 | +€18,237 | |
| Amounts payable within one year | 42/48 | €20,653 | €24,917 | +€4,264 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | - | €13,422 | +€13,422 | |
| Trade debts | 44 | €13,079 | €1,434 | -€11,644 | -89.0% |
| Suppliers | 440/4 | €13,079 | €1,434 | -€11,644 | -89.0% |
| Taxes, remuneration and social security | 45 | €7,469 | €9,955 | +€2,486 | +33.3% |
| Taxes | 450/3 | €7,469 | €9,955 | +€2,486 | +33.3% |
| Other amounts payable | 47/48 | €105 | €105 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €70 | +€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,030 | €19,363 | +€5,333 | +38.0% |
| Other operating charges | 640/8 | €9,396 | €8,782 | -€614 | -6.5% |
| Gross operating margin | 9900 | €30,077 | €59,402 | +€29,325 | +97.5% |
| Operating profit (loss) | 9901 | €6,651 | €31,257 | +€24,607 | +370.0% |
| Financial income | 75/76B | €1,409 | €991 | -€418 | -29.7% |
| Recurring financial income | 75 | €1,409 | €991 | -€418 | -29.7% |
| Financial charges | 65/66B | €3,840 | €909 | -€2,931 | -76.3% |
| Recurring financial charges | 65 | €3,840 | €909 | -€2,931 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €4,219 | €31,339 | +€27,120 | +642.8% |
| Income taxes | 67/77 | €4,125 | €7,312 | +€3,187 | +77.3% |
| Profit (loss) for the period | 9904 | €94 | €24,028 | +€23,933 | +25339.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94 | €24,028 | +€23,933 | +25339.5% |
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 10 October 2026 via checked.be.