TopSpec Equine (Export): what changed
TopSpec Equine (Export)
Largest movements
- Cash +€39,174
up €39,174 (+126%), from €31,147 to €70,321
mainly Other debts (+€29,151) and Net result for the year (+€13,305)
- Deferred charges and accrued income -€8,588
down €8,588 (-98.8%), from €8,688 to €100
- Other debts +€29,151
up €29,151 (+8.3%), from €350,929 to €380,080
- Profit (loss) carried forward +€13,305
up €13,305 (+5.4%), from -€247,752 to -€234,447
- Trade debts -€11,022
down €11,022 (-35.1%), from €31,424 to €20,402
- Write-downs -€101,285
down €101,285, from €53,288 to -€47,998
- Gross operating margin +€58,113
up €58,113, from -€40,930 to €17,183
- Other operating charges +€50,902
up €50,902 (+13,043%), from €390 to €51,292
- Financial income -€455
down €455 (-78.4%), from €580 to €125
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,002 | €174,516 | +€31,514 | +22.0% |
| Current assets | 29/58 | €143,002 | €174,516 | +€31,514 | +22.0% |
| Stocks and contracts in progress | 3 | €37,974 | €37,379 | -€595 | -1.6% |
| Stocks | 30/36 | €37,974 | €37,379 | -€595 | -1.6% |
| Amounts receivable within one year | 40/41 | €65,194 | €66,716 | +€1,522 | +2.3% |
| Trade receivables | 40 | €50,532 | €54,488 | +€3,956 | +7.8% |
| Other amounts receivable | 41 | €14,661 | €12,228 | -€2,434 | -16.6% |
| Cash at bank and in hand | 54/58 | €31,147 | €70,321 | +€39,174 | +126% |
| Deferred charges and accrued income | 490/1 | €8,688 | €100 | -€8,588 | -98.8% |
| Total equity and liabilities | 10/49 | €143,002 | €174,516 | +€31,514 | +22.0% |
| Equity | 10/15 | -€241,552 | -€228,247 | +€13,305 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,752 | -€234,447 | +€13,305 | +5.4% |
| Amounts payable | 17/49 | €384,553 | €402,762 | +€18,209 | +4.7% |
| Amounts payable within one year | 42/48 | €382,353 | €400,482 | +€18,129 | +4.7% |
| Trade debts | 44 | €31,424 | €20,402 | -€11,022 | -35.1% |
| Suppliers | 440/4 | €31,424 | €20,402 | -€11,022 | -35.1% |
| Other amounts payable | 47/48 | €350,929 | €380,080 | +€29,151 | +8.3% |
| Accrued charges and deferred income | 492/3 | €2,200 | €2,280 | +€80 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53,288 | -€47,998 | -€101,285 | |
| Other operating charges | 640/8 | €390 | €51,292 | +€50,902 | +13,043% |
| Gross operating margin | 9900 | -€40,930 | €17,183 | +€58,113 | |
| Operating profit (loss) | 9901 | -€94,608 | €13,889 | +€108,497 | |
| Financial income | 75/76B | €580 | €125 | -€455 | -78.4% |
| Recurring financial income | 75 | €580 | €125 | -€455 | -78.4% |
| Financial charges | 65/66B | €337 | €709 | +€372 | +110% |
| Recurring financial charges | 65 | €337 | €709 | +€372 | +110% |
| Profit (loss) for the period before taxes | 9903 | -€94,365 | €13,305 | +€107,670 | |
| Profit (loss) for the period | 9904 | -€94,365 | €13,305 | +€107,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,365 | €13,305 | +€107,670 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.