TOBRI: what changed
Two fiscal 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.
What changed
TOBRI
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€283,661
2024 · €254,395+€29,266
Equity
€950,895
2024 · €950,234+€661
Cash
€241,051
2024 · €222,191+€18,860
Balance sheet total
€2.9m
2024 · €3.0m-€72,695
Largest movements
Assets
- Receivables within one year -€148,296
down €148,296 (-24.4%), from €607,565 to €459,269
of which Trade receivables: -€148,240
- Tangible fixed assets +€47,129
up €47,129 (+2.3%), from €2.0m to €2.1m
of which Leasing and similar rights: +€307,442
Equity and liabilities
- Debts after one year -€135,255
down €135,255 (-18.6%), from €728,426 to €593,171
- Current portion of long-term debt +€109,197
up €109,197 (+20.1%), from €542,842 to €652,039
- Trade debts -€70,049
down €70,049 (-21.4%), from €327,323 to €257,274
- Other debts +€31,000
up €31,000 (+12.3%), from €252,000 to €283,000
Income statement
- Gross operating margin +€121,310
up €121,310 (+5.7%), from €2.1m to €2.2m
- Staff costs +€76,438
up €76,438 (+6.5%), from €1.2m to €1.3m
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.
Result 2024
€254,395
Gross operating margin
+€121,310
Staff costs
-€76,438
Depreciation
-€9,128
Other operating charges
-€3,952
Financial income
-€168
Financial charges
+€6,749
Taxes
-€9,107
Result 2025
€283,661
Cash bridge derived
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.
From operations
+€883,909
Investment
-€555,991
Financing
-€309,058
Cash 2024
€222,191
From operations (derived)
+€883,909
Net result for the year
+€283,661
Depreciation
+€510,495
Stocks and contracts
-€8,464
Receivables within one year
+€148,296
Deferred charges and accrued income
-€2,780
Trade debts
-€70,049
Tax, wage and social debts
-€8,196
Other debts
+€31,000
Accrued charges and deferred income
-€53
Investment (derived)
-€555,991
Investment in fixed assets (net)
-€555,991
Current investments
+€0
Financing
-€309,058
Debts after one year
-€135,255
Current portion of long-term debt
+€109,197
Contributions, distributions and other
-€283,000
Cash 2025
€241,051
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,950,518 | €2,877,823 | -€72,695 | -2.5% |
| Fixed assets | 21/28 | €2,060,309 | €2,105,806 | +€45,497 | +2.2% |
| Intangible fixed assets | 21 | €1,456 | €364 | -€1,092 | -75.0% |
| Tangible fixed assets | 22/27 | €2,046,068 | €2,093,197 | +€47,129 | +2.3% |
| Furniture and vehicles | 24 | €1,459,676 | €1,199,363 | -€260,313 | -17.8% |
| Leasing and similar rights | 25 | €586,392 | €893,834 | +€307,442 | +52.4% |
| Financial fixed assets | 28 | €12,785 | €12,245 | -€540 | -4.2% |
| Current assets | 29/58 | €890,209 | €772,017 | -€118,192 | -13.3% |
| Stocks and contracts in progress | 3 | €20,895 | €29,360 | +€8,464 | +40.5% |
| Stocks | 30/36 | €20,895 | €29,360 | +€8,464 | +40.5% |
| Amounts receivable within one year | 40/41 | €607,565 | €459,269 | -€148,296 | -24.4% |
| Trade receivables | 40 | €603,908 | €455,667 | -€148,240 | -24.5% |
| Other amounts receivable | 41 | €3,657 | €3,601 | -€56 | -1.5% |
| Current investments | 50/53 | €13 | €13 | -€0 | -1.2% |
| Cash at bank and in hand | 54/58 | €222,191 | €241,051 | +€18,860 | +8.5% |
| Deferred charges and accrued income | 490/1 | €39,545 | €42,325 | +€2,780 | +7.0% |
| Total equity and liabilities | 10/49 | €2,950,518 | €2,877,823 | -€72,695 | -2.5% |
| Equity | 10/15 | €950,234 | €950,895 | +€661 | +0.1% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Capital | 10 | €130,144 | €130,144 | = | 0.0% |
| Issued capital | 100 | €130,144 | €130,144 | = | 0.0% |
| Reserves | 13 | €817,545 | €817,545 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Legal reserve | 130 | €13,014 | €13,014 | = | 0.0% |
| Tax-exempt reserves | 132 | €764,365 | €764,365 | = | 0.0% |
| Distributable reserves | 133 | €40,166 | €40,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,545 | €3,206 | +€661 | +26.0% |
| Amounts payable | 17/49 | €2,000,284 | €1,926,928 | -€73,356 | -3.7% |
| Amounts payable after more than one year | 17 | €728,426 | €593,171 | -€135,255 | -18.6% |
| Financial debts | 170/4 | €728,426 | €593,171 | -€135,255 | -18.6% |
| Amounts payable within one year | 42/48 | €1,270,868 | €1,332,820 | +€61,952 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €542,842 | €652,039 | +€109,197 | +20.1% |
| Trade debts | 44 | €327,323 | €257,274 | -€70,049 | -21.4% |
| Suppliers | 440/4 | €327,323 | €257,274 | -€70,049 | -21.4% |
| Taxes, remuneration and social security | 45 | €148,703 | €140,507 | -€8,196 | -5.5% |
| Taxes | 450/3 | €34,792 | €13,607 | -€21,185 | -60.9% |
| Remuneration and social security | 454/9 | €113,911 | €126,900 | +€12,988 | +11.4% |
| Other amounts payable | 47/48 | €252,000 | €283,000 | +€31,000 | +12.3% |
| Accrued charges and deferred income | 492/3 | €990 | €937 | -€53 | -5.4% |
| Remuneration, social security and pensions | 62 | €1,177,774 | €1,254,211 | +€76,438 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501,366 | €510,495 | +€9,128 | +1.8% |
| Other operating charges | 640/8 | €33,654 | €37,606 | +€3,952 | +11.7% |
| Gross operating margin | 9900 | €2,121,102 | €2,242,413 | +€121,310 | +5.7% |
| Operating profit (loss) | 9901 | €408,309 | €440,101 | +€31,793 | +7.8% |
| Financial income | 75/76B | €695 | €527 | -€168 | -24.2% |
| Recurring financial income | 75 | €695 | €527 | -€168 | -24.2% |
| Financial charges | 65/66B | €64,634 | €57,886 | -€6,749 | -10.4% |
| Recurring financial charges | 65 | €64,634 | €57,886 | -€6,749 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €344,369 | €382,742 | +€38,373 | +11.1% |
| Income taxes | 67/77 | €89,974 | €99,081 | +€9,107 | +10.1% |
| Profit (loss) for the period | 9904 | €254,395 | €283,661 | +€29,266 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €254,395 | €283,661 | +€29,266 | +11.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.