TOPS VENDING SYSTEMS: 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 VENDING SYSTEMS
Largest movements
- Receivables within one year +€118,244
up €118,244 (+38.4%), from €308,193 to €426,437
of which Trade receivables: +€121,583
- Stocks and contracts -€93,850
down €93,850 (-34.1%), from €275,050 to €181,200
- Cash +€37,047
up €37,047 (+1,289%), from €2,874 to €39,921
mainly Stocks and contracts (+€93,850) and Net result for the year (+€70,840)
- Intangible fixed assets +€16,667
new in 2024: €16,667
- Deferred charges and accrued income -€12,450
no longer reported in 2024 (was €12,450)
- Reserves +€154,089
up €154,089 (+770%), from €20,000 to €174,089
- Profit (loss) carried forward -€83,249
no longer reported in 2024 (was €83,249)
- Other debts -€78,332
down €78,332 (-36.7%), from €213,530 to €135,198
- Trade debts +€62,152
up €62,152 (+199%), from €31,172 to €93,324
- Current portion of long-term debt +€15,000
new in 2024: €15,000
- Staff costs -€79,964
down €79,964 (-22.4%), from €356,291 to €276,328
- Gross operating margin -€35,101
down €35,101 (-8.3%), from €422,362 to €387,261
- Depreciation +€12,864
up €12,864 (+876%), from €1,468 to €14,332
- Taxes +€6,319
up €6,319 (+33.6%), from €18,784 to €25,104
- Financial charges +€5,472
up €5,472 (+266%), from €2,058 to €7,531
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 | €606,589 | €678,697 | +€72,109 | +11.9% |
| Fixed assets | 21/28 | €8,021 | €31,139 | +€23,118 | +288% |
| Intangible fixed assets | 21 | - | €16,667 | +€16,667 | |
| Tangible fixed assets | 22/27 | €3,441 | €9,892 | +€6,451 | +187% |
| Plant, machinery and equipment | 23 | €3,441 | €1,593 | -€1,849 | -53.7% |
| Other tangible fixed assets | 26 | - | €8,300 | +€8,300 | |
| Financial fixed assets | 28 | €4,580 | €4,580 | = | 0.0% |
| Current assets | 29/58 | €598,567 | €647,558 | +€48,991 | +8.2% |
| Stocks and contracts in progress | 3 | €275,050 | €181,200 | -€93,850 | -34.1% |
| Stocks | 30/36 | €275,050 | €181,200 | -€93,850 | -34.1% |
| Amounts receivable within one year | 40/41 | €308,193 | €426,437 | +€118,244 | +38.4% |
| Trade receivables | 40 | €304,855 | €426,437 | +€121,583 | +39.9% |
| Other amounts receivable | 41 | €3,339 | - | -€3,339 | |
| Cash at bank and in hand | 54/58 | €2,874 | €39,921 | +€37,047 | +1,289% |
| Deferred charges and accrued income | 490/1 | €12,450 | - | -€12,450 | |
| Total equity and liabilities | 10/49 | €606,589 | €678,697 | +€72,109 | +11.9% |
| Equity | 10/15 | €303,249 | €374,089 | +€70,840 | +23.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €174,089 | +€154,089 | +770% |
| Distributable reserves | 133 | €20,000 | €174,089 | +€154,089 | +770% |
| Profit (loss) carried forward | 14 | €83,249 | - | -€83,249 | |
| Amounts payable | 17/49 | €303,340 | €304,609 | +€1,269 | +0.4% |
| Amounts payable within one year | 42/48 | €303,340 | €304,609 | +€1,269 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €31,172 | €93,324 | +€62,152 | +199% |
| Suppliers | 440/4 | €31,172 | €93,324 | +€62,152 | +199% |
| Taxes, remuneration and social security | 45 | €58,637 | €61,087 | +€2,449 | +4.2% |
| Taxes | 450/3 | €15,473 | €19,459 | +€3,986 | +25.8% |
| Remuneration and social security | 454/9 | €43,165 | €41,628 | -€1,537 | -3.6% |
| Other amounts payable | 47/48 | €213,530 | €135,198 | -€78,332 | -36.7% |
| Remuneration, social security and pensions | 62 | €356,291 | €276,328 | -€79,964 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,468 | €14,332 | +€12,864 | +876% |
| Other operating charges | 640/8 | €472 | €1,605 | +€1,133 | +240% |
| Gross operating margin | 9900 | €422,362 | €387,261 | -€35,101 | -8.3% |
| Operating profit (loss) | 9901 | €64,132 | €94,997 | +€30,866 | +48.1% |
| Financial income | 75/76B | €12,164 | €8,477 | -€3,687 | -30.3% |
| Recurring financial income | 75 | €12,164 | €8,477 | -€3,687 | -30.3% |
| Financial charges | 65/66B | €2,058 | €7,531 | +€5,472 | +266% |
| Recurring financial charges | 65 | €2,058 | €7,531 | +€5,472 | +266% |
| Profit (loss) for the period before taxes | 9903 | €74,237 | €95,944 | +€21,706 | +29.2% |
| Income taxes | 67/77 | €18,784 | €25,104 | +€6,319 | +33.6% |
| Profit (loss) for the period | 9904 | €55,453 | €70,840 | +€15,387 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,453 | €70,840 | +€15,387 | +27.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.