TOLRIP: 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.
TOLRIP
Largest movements
- Receivables within one year +€37,134
up €37,134 (+64.2%), from €57,815 to €94,949
- Tangible fixed assets -€32,958
down €32,958 (-7.8%), from €423,099 to €390,141
of which Land and buildings: -€37,431
- Cash +€32,645
up €32,645 (+6.9%), from €475,715 to €508,360
mainly Depreciation (+€75,890) and Net result for the year (+€69,081)
- Profit (loss) carried forward +€69,081
up €69,081 (+21.9%), from -€315,710 to -€246,629
- Trade debts +€56,899
up €56,899 (+651%), from €8,736 to €65,635
- Accrued charges and deferred income -€38,070
no longer reported in 2025 (was €38,070)
- Other debts -€37,571
down €37,571 (-75.0%), from €50,071 to €12,500
- Debts after one year -€13,126
down €13,126 (-85.5%), from €15,361 to €2,235
- Gross operating margin +€123,808
up €123,808 (+106%), from €116,894 to €240,702
- Taxes +€26,067
up €26,067, from -€3,629 to €22,438
- Depreciation -€8,234
down €8,234 (-9.8%), from €84,124 to €75,890
- Write-downs -€4,506
no longer reported in 2025 (was €4,506)
- Staff costs +€2,790
up €2,790 (+5.2%), from €53,830 to €56,620
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 | €978,267 | €1,018,284 | +€40,017 | +4.1% |
| Fixed assets | 21/28 | €423,517 | €390,559 | -€32,958 | -7.8% |
| Tangible fixed assets | 22/27 | €423,099 | €390,141 | -€32,958 | -7.8% |
| Land and buildings | 22 | €409,688 | €372,257 | -€37,431 | -9.1% |
| Furniture and vehicles | 24 | €13,411 | €17,884 | +€4,473 | +33.4% |
| Financial fixed assets | 28 | €418 | €418 | = | 0.0% |
| Current assets | 29/58 | €554,750 | €627,725 | +€72,975 | +13.2% |
| Amounts receivable within one year | 40/41 | €57,815 | €94,949 | +€37,134 | +64.2% |
| Trade receivables | 40 | €57,815 | €94,949 | +€37,134 | +64.2% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €475,715 | €508,360 | +€32,645 | +6.9% |
| Deferred charges and accrued income | 490/1 | €16,220 | €19,416 | +€3,196 | +19.7% |
| Total equity and liabilities | 10/49 | €978,267 | €1,018,284 | +€40,017 | +4.1% |
| Equity | 10/15 | €831,058 | €900,139 | +€69,081 | +8.3% |
| Contributions | 10/11 | €1,138,326 | €1,138,326 | = | 0.0% |
| Capital | 10 | €1,138,326 | €1,138,326 | = | 0.0% |
| Issued capital | 100 | €1,138,326 | €1,138,326 | = | 0.0% |
| Reserves | 13 | €8,442 | €8,442 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,068 | €7,068 | = | 0.0% |
| Legal reserve | 130 | €7,068 | €7,068 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,374 | €1,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€315,710 | -€246,629 | +€69,081 | +21.9% |
| Amounts payable | 17/49 | €147,209 | €118,145 | -€29,064 | -19.7% |
| Amounts payable after more than one year | 17 | €15,361 | €2,235 | -€13,126 | -85.5% |
| Financial debts | 170/4 | €15,361 | €2,235 | -€13,126 | -85.5% |
| Amounts payable within one year | 42/48 | €93,778 | €115,910 | +€22,132 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €12,645 | €13,125 | +€480 | +3.8% |
| Trade debts | 44 | €8,736 | €65,635 | +€56,899 | +651% |
| Suppliers | 440/4 | €8,736 | €65,635 | +€56,899 | +651% |
| Taxes, remuneration and social security | 45 | €22,326 | €24,650 | +€2,324 | +10.4% |
| Taxes | 450/3 | €13,024 | €24,650 | +€11,626 | +89.3% |
| Remuneration and social security | 454/9 | €9,302 | - | -€9,302 | |
| Other amounts payable | 47/48 | €50,071 | €12,500 | -€37,571 | -75.0% |
| Accrued charges and deferred income | 492/3 | €38,070 | - | -€38,070 | |
| Remuneration, social security and pensions | 62 | €53,830 | €56,620 | +€2,790 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,124 | €75,890 | -€8,234 | -9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,506 | - | -€4,506 | |
| Other operating charges | 640/8 | €20,274 | €18,238 | -€2,036 | -10.0% |
| Non-recurring operating charges | 66A | €2,297 | - | -€2,297 | |
| Gross operating margin | 9900 | €116,894 | €240,702 | +€123,808 | +106% |
| Operating profit (loss) | 9901 | -€48,137 | €89,954 | +€138,091 | |
| Financial income | 75/76B | €2,762 | €2,837 | +€75 | +2.7% |
| Recurring financial income | 75 | €2,762 | €2,837 | +€75 | +2.7% |
| Financial charges | 65/66B | €1,832 | €1,272 | -€560 | -30.6% |
| Recurring financial charges | 65 | €1,832 | €1,272 | -€560 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€47,207 | €91,519 | +€138,726 | |
| Income taxes | 67/77 | -€3,629 | €22,438 | +€26,067 | |
| Profit (loss) for the period | 9904 | -€43,578 | €69,081 | +€112,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,578 | €69,081 | +€112,659 |
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 17 October 2026 via checked.be.