I.L.M.: what changed
I.L.M.
Largest movements
- Tangible fixed assets -€95,883
down €95,883 (-7.4%), from €1.3m to €1.2m
of which Land and buildings: -€96,592
- Current investments +€94,000
up €94,000 (+23.2%), from €406,000 to €500,000
- Cash +€48,501
up €48,501 (+38.9%), from €124,765 to €173,266
mainly Depreciation (+€96,710) and Net result for the year (+€36,181)
- Receivables within one year +€19,243
up €19,243 (+107%), from €18,016 to €37,259
- Reserves +€36,181
up €36,181 (+4.5%), from €808,793 to €844,974
of which Distributable reserves: +€36,181
- Other debts +€20,642
up €20,642 (+4.1%), from €504,566 to €525,208
- Other operating charges +€17,899
up €17,899 (+410%), from €4,368 to €22,267
- Taxes +€8,694
up €8,694 (+37.2%), from €23,388 to €32,083
- Gross operating margin +€8,607
up €8,607 (+4.0%), from €212,562 to €221,169
- Staff costs -€7,935
down €7,935 (-56.7%), from €14,007 to €6,072
- Financial income +€4,010
up €4,010 (+72.8%), from €5,511 to €9,521
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 | €1,849,523 | €1,915,529 | +€66,006 | +3.6% |
| Fixed assets | 21/28 | €1,292,171 | €1,196,288 | -€95,883 | -7.4% |
| Tangible fixed assets | 22/27 | €1,292,121 | €1,196,238 | -€95,883 | -7.4% |
| Land and buildings | 22 | €1,280,722 | €1,184,130 | -€96,592 | -7.5% |
| Plant, machinery and equipment | 23 | - | €708 | +€708 | |
| Furniture and vehicles | 24 | €11,399 | €11,399 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €557,352 | €719,241 | +€161,889 | +29.0% |
| Amounts receivable within one year | 40/41 | €18,016 | €37,259 | +€19,243 | +107% |
| Trade receivables | 40 | €18,016 | €37,259 | +€19,243 | +107% |
| Current investments | 50/53 | €406,000 | €500,000 | +€94,000 | +23.2% |
| Cash at bank and in hand | 54/58 | €124,765 | €173,266 | +€48,501 | +38.9% |
| Deferred charges and accrued income | 490/1 | €8,571 | €8,716 | +€145 | +1.7% |
| Total equity and liabilities | 10/49 | €1,849,523 | €1,915,529 | +€66,006 | +3.6% |
| Equity | 10/15 | €1,283,793 | €1,319,974 | +€36,181 | +2.8% |
| Contributions | 10/11 | €475,000 | €475,000 | = | 0.0% |
| Reserves | 13 | €808,793 | €844,974 | +€36,181 | +4.5% |
| Non-distributable reserves | 130/1 | €42,976 | €42,976 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42,976 | €42,976 | = | 0.0% |
| Distributable reserves | 133 | €765,818 | €801,999 | +€36,181 | +4.7% |
| Amounts payable | 17/49 | €565,730 | €595,554 | +€29,824 | +5.3% |
| Amounts payable within one year | 42/48 | €539,697 | €567,260 | +€27,562 | +5.1% |
| Trade debts | 44 | €5,356 | €15,248 | +€9,892 | +185% |
| Suppliers | 440/4 | €5,356 | €15,248 | +€9,892 | +185% |
| Taxes, remuneration and social security | 45 | €29,775 | €26,804 | -€2,971 | -10.0% |
| Taxes | 450/3 | €27,704 | €26,116 | -€1,587 | -5.7% |
| Remuneration and social security | 454/9 | €2,072 | €688 | -€1,384 | -66.8% |
| Other amounts payable | 47/48 | €504,566 | €525,208 | +€20,642 | +4.1% |
| Accrued charges and deferred income | 492/3 | €26,033 | €28,295 | +€2,262 | +8.7% |
| Non-recurring operating income | 76A | - | €154 | +€154 | |
| Remuneration, social security and pensions | 62 | €14,007 | €6,072 | -€7,935 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,767 | €96,710 | -€1,057 | -1.1% |
| Other operating charges | 640/8 | €4,368 | €22,267 | +€17,899 | +410% |
| Gross operating margin | 9900 | €212,562 | €221,169 | +€8,607 | +4.0% |
| Operating profit (loss) | 9901 | €96,420 | €96,121 | -€299 | -0.3% |
| Financial income | 75/76B | €5,511 | €9,521 | +€4,010 | +72.8% |
| Recurring financial income | 75 | €5,511 | €9,521 | +€4,010 | +72.8% |
| Financial charges | 65/66B | €34,855 | €37,378 | +€2,523 | +7.2% |
| Recurring financial charges | 65 | €34,855 | €37,378 | +€2,523 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €67,076 | €68,264 | +€1,188 | +1.8% |
| Income taxes | 67/77 | €23,388 | €32,083 | +€8,694 | +37.2% |
| Profit (loss) for the period | 9904 | €43,688 | €36,181 | -€7,507 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,688 | €36,181 | -€7,507 | -17.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.