TOLISE: 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.
What changed
TOLISE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€346,125
2024 · €297,490+€48,635
Equity
€962,157
2024 · €880,738+€81,419
Cash
€341,431
2024 · €334,618+€6,813
Balance sheet total
€969,030
2024 · €905,202+€63,828
Largest movements
Assets
- Tangible fixed assets +€57,478
up €57,478 (+90.3%), from €63,625 to €121,103
of which Land and buildings: +€54,388
Equity and liabilities
- Reserves +€80,000
up €80,000 (+9.3%), from €861,860 to €941,860
of which Distributable reserves: +€80,000
Income statement
- Financial income +€50,053
up €50,053 (+17.9%), from €280,000 to €330,053
- Gross operating margin +€12,130
up €12,130 (+25.0%), from €48,542 to €60,673
- Depreciation +€7,707
up €7,707 (+26.2%), from €29,433 to €37,140
- Taxes +€4,982
up €4,982 (+1,265%), from €394 to €5,376
- Other operating charges +€1,053
up €1,053 (+135%), from €782 to €1,835
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
€297,490
Gross operating margin
+€12,130
Depreciation
-€7,707
Other operating charges
-€1,053
Financial income
+€50,053
Financial charges
+€194
Taxes
-€4,982
Result 2025
€346,125
raises the resultlowers the result
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.
From operations
+€376,219
Investment
-€94,650
Financing
-€274,756
Cash 2024
€334,618
From operations (derived)
+€376,219
Net result for the year
+€346,125
Depreciation
+€37,140
Smaller working-capital items
+€762
Tax, wage and social debts
-€7,808
Investment (derived)
-€94,650
Investment in fixed assets (net)
-€94,650
Financing
-€274,756
Debts after one year
-€3,334
Current portion of long-term debt
-€6,666
Short-term financial debts
-€50
Contributions, distributions and other
-€264,706
Cash 2025
€341,431
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €905,202 | €969,030 | +€63,828 | +7.1% |
| Fixed assets | 21/28 | €563,625 | €621,135 | +€57,510 | +10.2% |
| Tangible fixed assets | 22/27 | €63,625 | €121,103 | +€57,478 | +90.3% |
| Land and buildings | 22 | - | €54,388 | +€54,388 | |
| Furniture and vehicles | 24 | €36,654 | €20,967 | -€15,687 | -42.8% |
| Other tangible fixed assets | 26 | €26,971 | €22,035 | -€4,937 | -18.3% |
| Assets under construction and advance payments | 27 | - | €23,714 | +€23,714 | |
| Financial fixed assets | 28 | €500,000 | €500,032 | +€32 | 0.0% |
| Current assets | 29/58 | €341,577 | €347,896 | +€6,319 | +1.8% |
| Amounts receivable within one year | 40/41 | €392 | €278 | -€114 | -29.0% |
| Other amounts receivable | 41 | €392 | €278 | -€114 | -29.0% |
| Cash at bank and in hand | 54/58 | €334,618 | €341,431 | +€6,813 | +2.0% |
| Deferred charges and accrued income | 490/1 | €6,567 | €6,186 | -€381 | -5.8% |
| Total equity and liabilities | 10/49 | €905,202 | €969,030 | +€63,828 | +7.1% |
| Equity | 10/15 | €880,738 | €962,157 | +€81,419 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €861,860 | €941,860 | +€80,000 | +9.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €861,860 | €941,860 | +€80,000 | +9.3% |
| Profit (loss) carried forward | 14 | €278 | €1,697 | +€1,419 | +511% |
| Amounts payable | 17/49 | €24,465 | €6,874 | -€17,591 | -71.9% |
| Amounts payable after more than one year | 17 | €3,334 | €0 | -€3,334 | -100% |
| Financial debts | 170/4 | €3,334 | €0 | -€3,334 | -100% |
| Amounts payable within one year | 42/48 | €19,067 | €4,890 | -€14,177 | -74.4% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €3,334 | -€6,666 | -66.7% |
| Financial debts | 43 | €50 | €0 | -€50 | -100% |
| Credit institutions | 430/8 | €50 | €0 | -€50 | -100% |
| Trade debts | 44 | €978 | €739 | -€239 | -24.5% |
| Suppliers | 440/4 | €978 | €739 | -€239 | -24.5% |
| Taxes, remuneration and social security | 45 | €7,941 | €132 | -€7,808 | -98.3% |
| Taxes | 450/3 | €7,941 | €132 | -€7,808 | -98.3% |
| Other amounts payable | 47/48 | €99 | €686 | +€587 | +594% |
| Accrued charges and deferred income | 492/3 | €2,064 | €1,984 | -€80 | -3.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,433 | €37,140 | +€7,707 | +26.2% |
| Other operating charges | 640/8 | €782 | €1,835 | +€1,053 | +135% |
| Gross operating margin | 9900 | €48,542 | €60,673 | +€12,130 | +25.0% |
| Operating profit (loss) | 9901 | €18,327 | €21,697 | +€3,370 | +18.4% |
| Financial income | 75/76B | €280,000 | €330,053 | +€50,053 | +17.9% |
| Recurring financial income | 75 | €280,000 | €330,053 | +€50,053 | +17.9% |
| Financial charges | 65/66B | €443 | €249 | -€194 | -43.8% |
| Recurring financial charges | 65 | €443 | €249 | -€194 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €297,884 | €351,501 | +€53,617 | +18.0% |
| Income taxes | 67/77 | €394 | €5,376 | +€4,982 | +1,265% |
| Profit (loss) for the period | 9904 | €297,490 | €346,125 | +€48,635 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €297,490 | €346,125 | +€48,635 | +16.3% |
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 26 October 2026 via checked.be.