TOPS CHRIS: 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.
TOPS CHRIS
Largest movements
- Cash -€11,546
down €11,546 (-9.6%), from €120,214 to €108,668
mainly Investment in fixed assets (net) (-€40,874) and Receivables within one year (-€9,406)
- Receivables within one year +€9,406
up €9,406 (+88.9%), from €10,576 to €19,982
of which Trade receivables: +€8,330
- Stocks and contracts +€7,951
up €7,951 (+26.3%), from €30,253 to €38,204
- Tangible fixed assets -€4,274
down €4,274 (-2.1%), from €207,391 to €203,117
of which Land and buildings: -€19,512
- Reserves +€19,488
up €19,488 (+13.9%), from €139,703 to €159,192
- Trade debts -€6,386
down €6,386 (-13.3%), from €48,077 to €41,691
- Other debts -€6,051
down €6,051 (-42.4%), from €14,272 to €8,221
- Gross operating margin +€14,805
up €14,805 (+14.3%), from €103,647 to €118,453
- Depreciation +€8,014
up €8,014 (+21.6%), from €37,134 to €45,148
- Staff costs +€3,892
up €3,892 (+12.4%), from €31,409 to €35,301
- Financial charges +€1,922
up €1,922 (+42.4%), from €4,531 to €6,453
- Other operating charges -€1,482
down €1,482 (-20.8%), from €7,135 to €5,653
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 | €369,644 | €373,789 | +€4,145 | +1.1% |
| Fixed assets | 21/28 | €207,391 | €203,117 | -€4,274 | -2.1% |
| Tangible fixed assets | 22/27 | €207,391 | €203,117 | -€4,274 | -2.1% |
| Land and buildings | 22 | €150,250 | €130,737 | -€19,512 | -13.0% |
| Plant, machinery and equipment | 23 | €18,345 | €13,869 | -€4,476 | -24.4% |
| Furniture and vehicles | 24 | €30,128 | €56,996 | +€26,868 | +89.2% |
| Leasing and similar rights | 25 | €8,669 | €1,515 | -€7,154 | -82.5% |
| Current assets | 29/58 | €162,253 | €170,672 | +€8,419 | +5.2% |
| Stocks and contracts in progress | 3 | €30,253 | €38,204 | +€7,951 | +26.3% |
| Stocks | 30/36 | €30,253 | €38,204 | +€7,951 | +26.3% |
| Amounts receivable within one year | 40/41 | €10,576 | €19,982 | +€9,406 | +88.9% |
| Trade receivables | 40 | €2,511 | €10,840 | +€8,330 | +332% |
| Other amounts receivable | 41 | €8,065 | €9,142 | +€1,076 | +13.3% |
| Cash at bank and in hand | 54/58 | €120,214 | €108,668 | -€11,546 | -9.6% |
| Deferred charges and accrued income | 490/1 | €1,210 | €3,818 | +€2,608 | +216% |
| Total equity and liabilities | 10/49 | €369,644 | €373,789 | +€4,145 | +1.1% |
| Equity | 10/15 | €144,703 | €164,192 | +€19,488 | +13.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €139,703 | €159,192 | +€19,488 | +13.9% |
| Distributable reserves | 133 | €139,703 | €159,192 | +€19,488 | +13.9% |
| Amounts payable | 17/49 | €224,940 | €209,597 | -€15,343 | -6.8% |
| Amounts payable after more than one year | 17 | €122,139 | €119,240 | -€2,899 | -2.4% |
| Financial debts | 170/4 | €122,139 | €119,240 | -€2,899 | -2.4% |
| Amounts payable within one year | 42/48 | €102,801 | €90,357 | -€12,444 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €34,005 | €34,899 | +€894 | +2.6% |
| Trade debts | 44 | €48,077 | €41,691 | -€6,386 | -13.3% |
| Suppliers | 440/4 | €48,077 | €41,691 | -€6,386 | -13.3% |
| Taxes, remuneration and social security | 45 | €6,447 | €5,546 | -€901 | -14.0% |
| Taxes | 450/3 | €434 | - | -€434 | |
| Remuneration and social security | 454/9 | €6,013 | €5,546 | -€467 | -7.8% |
| Other amounts payable | 47/48 | €14,272 | €8,221 | -€6,051 | -42.4% |
| Remuneration, social security and pensions | 62 | €31,409 | €35,301 | +€3,892 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,134 | €45,148 | +€8,014 | +21.6% |
| Other operating charges | 640/8 | €7,135 | €5,653 | -€1,482 | -20.8% |
| Gross operating margin | 9900 | €103,647 | €118,453 | +€14,805 | +14.3% |
| Operating profit (loss) | 9901 | €27,969 | €32,350 | +€4,381 | +15.7% |
| Financial income | 75/76B | €319 | €134 | -€185 | -58.1% |
| Recurring financial income | 75 | €319 | €134 | -€185 | -58.1% |
| Financial charges | 65/66B | €4,531 | €6,453 | +€1,922 | +42.4% |
| Recurring financial charges | 65 | €4,531 | €6,453 | +€1,922 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €23,757 | €26,031 | +€2,274 | +9.6% |
| Income taxes | 67/77 | €5,826 | €6,543 | +€717 | +12.3% |
| Profit (loss) for the period | 9904 | €17,931 | €19,488 | +€1,557 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,931 | €19,488 | +€1,557 | +8.7% |
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 27 October 2026 via checked.be.