I-LAND: 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
I-LAND
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€652,241
2024 · -€10,394+€662,635
Equity
€722,599
2024 · €70,359+€652,241
Cash
€275,876
2024 · €113,675+€162,201
Balance sheet total
€28.1m
2024 · €27.3m+€824,867
Largest movements
Assets
- Stocks and contracts +€865,515
up €865,515 (+3.2%), from €26.7m to €27.5m
Equity and liabilities
- Accrued charges and deferred income +€718,435
up €718,435 (+59.1%), from €1.2m to €1.9m
- Debts after one year -€714,755
down €714,755 (-2.8%), from €25.7m to €24.9m
of which Financial debts: -€714,635
- Reserves +€652,241
up €652,241 (+7,363%), from €8,859 to €661,099
of which Distributable reserves: +€652,241
Income statement
- Goods and materials -€8.3m
down €8.3m (-81.0%), from €10.2m to €1.9m
- Turnover +€1.9m
up €1.9m (+110%), from €1.7m to €3.6m
- Taxes +€237,476
up €237,476, from €0 to €237,476
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
-€10,394
Turnover
+€1.9m
Other operating income
+€14,000
Goods and materials
+€8.3m
Services and other goods
-€7,984
Other operating charges
-€10,382
Other operating items
-€9.2m
Financial income
-€12,666
Financial charges
-€26,133
Taxes
-€237,476
Result 2025
€652,241
raises the resultlowers the resultnot broken down further in the accounts
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
+€799,284
Investment
+€77,000
Financing
-€714,084
Cash 2024
€113,675
From operations (derived)
+€799,284
Net result for the year
+€652,241
Stocks and contracts
-€865,515
Receivables within one year
+€123,729
Deferred charges and accrued income
+€2,119
Trade debts
-€51,201
Tax, wage and social debts
+€219,476
Accrued charges and deferred income
+€718,435
Investment (derived)
+€77,000
Investment in fixed assets (net)
+€77,000
Financing
-€714,084
Debts after one year
-€714,755
Short-term financial debts
+€671
Cash 2025
€275,876
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,310,836 | €28,135,703 | +€824,867 | +3.0% |
| Fixed assets | 21/28 | €77,000 | €0 | -€77,000 | -100% |
| Financial fixed assets | 28 | €77,000 | €0 | -€77,000 | -100% |
| Other financial fixed assets | 284/8 | €77,000 | €0 | -€77,000 | -100% |
| Amounts receivable and cash guarantees | 285/8 | €77,000 | €0 | -€77,000 | -100% |
| Current assets | 29/58 | €27,233,836 | €28,135,703 | +€901,867 | +3.3% |
| Stocks and contracts in progress | 3 | €26,651,720 | €27,517,235 | +€865,515 | +3.2% |
| Stocks | 30/36 | €26,651,720 | €27,517,235 | +€865,515 | +3.2% |
| Property held for sale | 35 | €26,651,720 | €27,517,235 | +€865,515 | +3.2% |
| Amounts receivable within one year | 40/41 | €404,831 | €281,102 | -€123,729 | -30.6% |
| Trade receivables | 40 | €381,963 | €276,516 | -€105,448 | -27.6% |
| Other amounts receivable | 41 | €22,867 | €4,586 | -€18,281 | -79.9% |
| Cash at bank and in hand | 54/58 | €113,675 | €275,876 | +€162,201 | +143% |
| Deferred charges and accrued income | 490/1 | €63,610 | €61,491 | -€2,119 | -3.3% |
| Total equity and liabilities | 10/49 | €27,310,836 | €28,135,703 | +€824,867 | +3.0% |
| Equity | 10/15 | €70,359 | €722,599 | +€652,241 | +927% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €8,859 | €661,099 | +€652,241 | +7,363% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,709 | €654,949 | +€652,241 | +24,080% |
| Amounts payable | 17/49 | €27,240,478 | €27,413,104 | +€172,627 | +0.6% |
| Amounts payable after more than one year | 17 | €25,656,689 | €24,941,934 | -€714,755 | -2.8% |
| Financial debts | 170/4 | €25,656,569 | €24,941,934 | -€714,635 | -2.8% |
| Credit institutions | 173 | €17,629,324 | €14,747,478 | -€2.9m | -16.3% |
| Other loans | 174 | €8,027,244 | €10,194,456 | +€2.2m | +27.0% |
| Other amounts payable | 178/9 | €120 | €0 | -€120 | -100% |
| Amounts payable within one year | 42/48 | €368,406 | €537,352 | +€168,946 | +45.9% |
| Financial debts | 43 | €0 | €671 | +€671 | |
| Credit institutions | 430/8 | €0 | €671 | +€671 | |
| Trade debts | 44 | €368,406 | €317,205 | -€51,201 | -13.9% |
| Suppliers | 440/4 | €368,406 | €317,205 | -€51,201 | -13.9% |
| Taxes, remuneration and social security | 45 | €0 | €219,476 | +€219,476 | |
| Taxes | 450/3 | €0 | €219,476 | +€219,476 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,215,383 | €1,933,818 | +€718,435 | +59.1% |
| Operating income | 70/76A | €10,327,898 | €3,017,214 | -€7.3m | -70.8% |
| Turnover | 70 | €1,702,661 | €3,578,181 | +€1.9m | +110% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €8,484,783 | -€715,420 | -€9.2m | |
| Other operating income | 74 | €140,454 | €154,453 | +€14,000 | +10.0% |
| Operating charges | 60/66A | €10,299,491 | €2,049,897 | -€8.2m | -80.1% |
| Goods for resale, raw materials and consumables | 60 | €10,212,848 | €1,944,888 | -€8.3m | -81.0% |
| Purchases | 600/8 | €10,212,848 | €1,944,888 | -€8.3m | -81.0% |
| Services and other goods | 61 | €44,271 | €52,256 | +€7,984 | +18.0% |
| Other operating charges | 640/8 | €42,372 | €52,754 | +€10,382 | +24.5% |
| Operating profit (loss) | 9901 | €28,406 | €967,316 | +€938,910 | +3,305% |
| Financial income | 75/76B | €15,144 | €2,478 | -€12,666 | -83.6% |
| Recurring financial income | 75 | €15,144 | €2,478 | -€12,666 | -83.6% |
| Income from current assets | 751 | €14,857 | €1,656 | -€13,201 | -88.9% |
| Other financial income | 752/9 | €287 | €822 | +€535 | +186% |
| Financial charges | 65/66B | €53,945 | €80,078 | +€26,133 | +48.4% |
| Recurring financial charges | 65 | €53,945 | €80,078 | +€26,133 | +48.4% |
| Debt charges | 650 | €47,280 | €73,436 | +€26,157 | +55.3% |
| Other financial charges | 652/9 | €6,665 | €6,642 | -€23 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,394 | €889,717 | +€900,111 | |
| Income taxes | 67/77 | €0 | €237,476 | +€237,476 | |
| Taxes | 670/3 | €0 | €237,476 | +€237,476 | |
| Profit (loss) for the period | 9904 | -€10,394 | €652,241 | +€662,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,394 | €652,241 | +€662,635 |
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 24 October 2026 via checked.be.