TOPOLINO: 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.
TOPOLINO
Largest movements
- Receivables within one year -€6,055
down €6,055 (-63.4%), from €9,543 to €3,488
- Cash +€5,426
up €5,426 (+12.6%), from €43,003 to €48,429
mainly Net result for the year (+€21,637) and Tax, wage and social debts (+€10,262)
- Tangible fixed assets -€3,732
down €3,732 (-17.5%), from €21,365 to €17,633
of which Leasing and similar rights: -€4,664
- Stocks and contracts +€2,782
up €2,782 (+4.8%), from €57,726 to €60,508
- Tax, wage and social debts +€10,262
up €10,262 (+86.6%), from €11,851 to €22,113
of which Taxes: +€9,033
- Debts after one year -€5,718
down €5,718 (-66.0%), from €8,664 to €2,947
- Profit (loss) carried forward -€3,363
down €3,363 (-41.2%), from €8,159 to €4,796
- Trade debts -€3,235
down €3,235 (-35.2%), from €9,182 to €5,948
- Write-downs -€14,432
no longer reported in 2024 (was €14,432)
- Gross operating margin -€6,314
down €6,314 (-7.5%), from €83,781 to €77,468
- Depreciation +€2,750
up €2,750 (+141%), from €1,955 to €4,705
- Taxes +€1,707
up €1,707 (+20.9%), from €8,154 to €9,861
- Staff costs -€1,259
down €1,259 (-3.4%), from €37,279 to €36,021
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,037 | €130,461 | -€1,576 | -1.2% |
| Fixed assets | 21/28 | €21,665 | €17,933 | -€3,732 | -17.2% |
| Tangible fixed assets | 22/27 | €21,365 | €17,633 | -€3,732 | -17.5% |
| Plant, machinery and equipment | 23 | - | €932 | +€932 | |
| Leasing and similar rights | 25 | €21,365 | €16,701 | -€4,664 | -21.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €110,372 | €112,528 | +€2,156 | +2.0% |
| Stocks and contracts in progress | 3 | €57,726 | €60,508 | +€2,782 | +4.8% |
| Stocks | 30/36 | €57,726 | €60,508 | +€2,782 | +4.8% |
| Amounts receivable within one year | 40/41 | €9,543 | €3,488 | -€6,055 | -63.4% |
| Other amounts receivable | 41 | €9,543 | €3,488 | -€6,055 | -63.4% |
| Cash at bank and in hand | 54/58 | €43,003 | €48,429 | +€5,426 | +12.6% |
| Deferred charges and accrued income | 490/1 | €100 | €102 | +€2 | +2.1% |
| Total equity and liabilities | 10/49 | €132,037 | €130,461 | -€1,576 | -1.2% |
| Equity | 10/15 | €92,619 | €89,256 | -€3,363 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,860 | €65,860 | = | 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 | €64,000 | €64,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,159 | €4,796 | -€3,363 | -41.2% |
| Amounts payable | 17/49 | €39,418 | €41,205 | +€1,787 | +4.5% |
| Amounts payable after more than one year | 17 | €8,664 | €2,947 | -€5,718 | -66.0% |
| Financial debts | 170/4 | €8,664 | €2,947 | -€5,718 | -66.0% |
| Amounts payable within one year | 42/48 | €26,524 | €33,778 | +€7,254 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €5,491 | €5,718 | +€227 | +4.1% |
| Trade debts | 44 | €9,182 | €5,948 | -€3,235 | -35.2% |
| Suppliers | 440/4 | €9,182 | €5,948 | -€3,235 | -35.2% |
| Taxes, remuneration and social security | 45 | €11,851 | €22,113 | +€10,262 | +86.6% |
| Taxes | 450/3 | €9,997 | €19,030 | +€9,033 | +90.4% |
| Remuneration and social security | 454/9 | €1,854 | €3,083 | +€1,229 | +66.3% |
| Accrued charges and deferred income | 492/3 | €4,230 | €4,480 | +€250 | +5.9% |
| Non-recurring operating income | 76A | €9,132 | - | -€9,132 | |
| Remuneration, social security and pensions | 62 | €37,279 | €36,021 | -€1,259 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,955 | €4,705 | +€2,750 | +141% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,432 | - | -€14,432 | |
| Other operating charges | 640/8 | €1,726 | €1,125 | -€601 | -34.8% |
| Gross operating margin | 9900 | €83,781 | €77,468 | -€6,314 | -7.5% |
| Operating profit (loss) | 9901 | €28,389 | €35,617 | +€7,227 | +25.5% |
| Financial income | 75/76B | €0 | €171 | +€171 | +853,150% |
| Recurring financial income | 75 | €0 | €171 | +€171 | +853,150% |
| Financial charges | 65/66B | €3,192 | €4,290 | +€1,098 | +34.4% |
| Recurring financial charges | 65 | €3,192 | €4,290 | +€1,098 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €25,197 | €31,498 | +€6,300 | +25.0% |
| Income taxes | 67/77 | €8,154 | €9,861 | +€1,707 | +20.9% |
| Profit (loss) for the period | 9904 | €17,043 | €21,637 | +€4,594 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,043 | €21,637 | +€4,594 | +27.0% |
Source: filed annual accounts (NBB), financial years ended 31 May 2023 and 31 May 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.