Topshelf Consult: 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.
Topshelf Consult
Largest movements
- Cash +€5,360
up €5,360 (+3.6%), from €149,899 to €155,259
mainly Other debts (+€92,635) and Net result for the year (+€79,300)
- Other debts +€92,635
up €92,635 (+131%), from €70,581 to €163,216
- Reserves -€88,916
down €88,916 (-90.7%), from €98,002 to €9,086
of which Distributable reserves: -€88,916
- Gross operating margin +€12,200
up €12,200 (+13.3%), from €91,560 to €103,760
- Taxes +€2,678
up €2,678 (+14.9%), from €18,024 to €20,703
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 | €171,698 | €176,429 | +€4,731 | +2.8% |
| Fixed assets | 21/28 | €5,238 | €5,536 | +€299 | +5.7% |
| Tangible fixed assets | 22/27 | €5,238 | €5,536 | +€299 | +5.7% |
| Land and buildings | 22 | €2,470 | €2,121 | -€349 | -14.1% |
| Plant, machinery and equipment | 23 | €1,665 | €1,736 | +€72 | +4.3% |
| Furniture and vehicles | 24 | €1,103 | €1,679 | +€576 | +52.2% |
| Current assets | 29/58 | €166,460 | €170,893 | +€4,432 | +2.7% |
| Amounts receivable within one year | 40/41 | €16,342 | €14,689 | -€1,653 | -10.1% |
| Trade receivables | 40 | €15,562 | €14,113 | -€1,449 | -9.3% |
| Other amounts receivable | 41 | €780 | €576 | -€204 | -26.2% |
| Cash at bank and in hand | 54/58 | €149,899 | €155,259 | +€5,360 | +3.6% |
| Deferred charges and accrued income | 490/1 | €220 | €945 | +€725 | +329% |
| Total equity and liabilities | 10/49 | €171,698 | €176,429 | +€4,731 | +2.8% |
| Equity | 10/15 | €99,002 | €10,086 | -€88,916 | -89.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €98,002 | €9,086 | -€88,916 | -90.7% |
| Tax-exempt reserves | 132 | €9,086 | €9,086 | = | 0.0% |
| Distributable reserves | 133 | €88,916 | - | -€88,916 | |
| Amounts payable | 17/49 | €72,696 | €166,343 | +€93,647 | +129% |
| Amounts payable within one year | 42/48 | €72,696 | €166,310 | +€93,614 | +129% |
| Trade debts | 44 | €25 | €986 | +€961 | +3,811% |
| Suppliers | 440/4 | €25 | €986 | +€961 | +3,811% |
| Taxes, remuneration and social security | 45 | €2,089 | €2,107 | +€18 | +0.9% |
| Taxes | 450/3 | €2,089 | €2,107 | +€18 | +0.9% |
| Other amounts payable | 47/48 | €70,581 | €163,216 | +€92,635 | +131% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Non-recurring operating income | 76A | €12 | - | -€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,356 | €2,798 | +€442 | +18.8% |
| Other operating charges | 640/8 | €523 | €890 | +€366 | +69.9% |
| Gross operating margin | 9900 | €91,560 | €103,760 | +€12,200 | +13.3% |
| Operating profit (loss) | 9901 | €88,680 | €100,072 | +€11,392 | +12.8% |
| Financial income | 75/76B | €8 | €16 | +€8 | +90.7% |
| Recurring financial income | 75 | €8 | €16 | +€8 | +90.7% |
| Financial charges | 65/66B | €83 | €85 | +€2 | +2.6% |
| Recurring financial charges | 65 | €83 | €85 | +€2 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €88,605 | €100,003 | +€11,397 | +12.9% |
| Income taxes | 67/77 | €18,024 | €20,703 | +€2,678 | +14.9% |
| Profit (loss) for the period | 9904 | €70,581 | €79,300 | +€8,719 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,581 | €79,300 | +€8,719 | +12.4% |
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 29 October 2026 via checked.be.