TOLIFE: 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.
TOLIFE
Largest movements
- Stocks and contracts -€464,588
down €464,588 (-22.7%), from €2.0m to €1.6m
- Cash +€157,874
up €157,874 (+68.4%), from €230,791 to €388,665
mainly Stocks and contracts (+€464,588) and Net result for the year (+€292,089)
- Reserves +€242,089
up €242,089 (+47.6%), from €508,430 to €750,519
of which Distributable reserves: +€242,089
- Other debts -€238,744
down €238,744 (-85.6%), from €278,869 to €40,125
- Advances received -€198,444
down €198,444 (-60.9%), from €326,095 to €127,651
- Short-term financial debts -€81,380
down €81,380 (-13.5%), from €601,667 to €520,287
- Gross operating margin +€102,238
up €102,238 (+32.6%), from €313,465 to €415,703
- Taxes +€32,360
up €32,360 (+47.4%), from €68,281 to €100,641
- Financial charges -€28,453
down €28,453 (-44.3%), from €64,284 to €35,831
- Financial income -€8,525
down €8,525 (-20.8%), from €40,987 to €32,462
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 | €2,411,529 | €2,111,010 | -€300,519 | -12.5% |
| Fixed assets | 21/28 | €35,405 | €17,674 | -€17,731 | -50.1% |
| Tangible fixed assets | 22/27 | €33,643 | €15,831 | -€17,812 | -52.9% |
| Furniture and vehicles | 24 | €33,643 | €15,831 | -€17,812 | -52.9% |
| Financial fixed assets | 28 | €1,762 | €1,843 | +€81 | +4.6% |
| Current assets | 29/58 | €2,376,124 | €2,093,336 | -€282,788 | -11.9% |
| Stocks and contracts in progress | 3 | €2,046,893 | €1,582,305 | -€464,588 | -22.7% |
| Stocks | 30/36 | €2,046,893 | €1,582,305 | -€464,588 | -22.7% |
| Amounts receivable within one year | 40/41 | €97,734 | €118,298 | +€20,564 | +21.0% |
| Trade receivables | 40 | €79,590 | €100,485 | +€20,895 | +26.3% |
| Other amounts receivable | 41 | €18,144 | €17,813 | -€331 | -1.8% |
| Cash at bank and in hand | 54/58 | €230,791 | €388,665 | +€157,874 | +68.4% |
| Deferred charges and accrued income | 490/1 | €706 | €4,068 | +€3,362 | +476% |
| Total equity and liabilities | 10/49 | €2,411,529 | €2,111,010 | -€300,519 | -12.5% |
| Equity | 10/15 | €908,430 | €1,150,519 | +€242,089 | +26.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €508,430 | €750,519 | +€242,089 | +47.6% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €468,430 | €710,519 | +€242,089 | +51.7% |
| Amounts payable | 17/49 | €1,503,099 | €960,491 | -€542,608 | -36.1% |
| Amounts payable within one year | 42/48 | €1,478,892 | €958,929 | -€519,963 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €79,212 | €73,583 | -€5,629 | -7.1% |
| Financial debts | 43 | €601,667 | €520,287 | -€81,380 | -13.5% |
| Credit institutions | 430/8 | €601,667 | €520,287 | -€81,380 | -13.5% |
| Trade debts | 44 | €134,829 | €147,667 | +€12,838 | +9.5% |
| Suppliers | 440/4 | €134,829 | €147,667 | +€12,838 | +9.5% |
| Advances received on contracts in progress | 46 | €326,095 | €127,651 | -€198,444 | -60.9% |
| Taxes, remuneration and social security | 45 | €58,220 | €49,616 | -€8,604 | -14.8% |
| Taxes | 450/3 | €58,220 | €49,616 | -€8,604 | -14.8% |
| Other amounts payable | 47/48 | €278,869 | €40,125 | -€238,744 | -85.6% |
| Accrued charges and deferred income | 492/3 | €24,207 | €1,562 | -€22,645 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,813 | €17,812 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,764 | €1,792 | +€28 | +1.6% |
| Gross operating margin | 9900 | €313,465 | €415,703 | +€102,238 | +32.6% |
| Operating profit (loss) | 9901 | €293,888 | €396,099 | +€102,211 | +34.8% |
| Financial income | 75/76B | €40,987 | €32,462 | -€8,525 | -20.8% |
| Recurring financial income | 75 | €40,987 | €32,462 | -€8,525 | -20.8% |
| Financial charges | 65/66B | €64,284 | €35,831 | -€28,453 | -44.3% |
| Recurring financial charges | 65 | €64,284 | €35,831 | -€28,453 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €270,591 | €392,730 | +€122,139 | +45.1% |
| Income taxes | 67/77 | €68,281 | €100,641 | +€32,360 | +47.4% |
| Profit (loss) for the period | 9904 | €202,310 | €292,089 | +€89,779 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €202,310 | €292,089 | +€89,779 | +44.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.