I-LTD: 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.
I-LTD
Largest movements
- Receivables within one year +€30,987
up €30,987 (+56.1%), from €55,264 to €86,251
- Tangible fixed assets -€25,189
down €25,189 (-4.0%), from €630,092 to €604,903
of which Land and buildings: -€37,375
- Deferred charges and accrued income +€21,184
up €21,184 (+489.4%), from €4,329 to €25,513
- Cash +€14,773
up €14,773 (+276.8%), from €5,337 to €20,110
mainly Net result for the year (+€62,281) and Depreciation (+€42,544)
- Reserves +€60,000
up €60,000 (+82.7%), from €72,544 to €132,544
- Debts after one year -€30,226
down €30,226 (-15.0%), from €202,062 to €171,836
- Trade debts +€26,823
up €26,823 (+126.8%), from €21,159 to €47,982
- Tax, wage and social debts -€16,468
down €16,468 (-13.5%), from €121,820 to €105,353
of which Taxes: -€12,223
- Gross operating margin +€15,148
up €15,148 (+4.7%), from €324,346 to €339,494
- Staff costs -€8,008
down €8,008 (-4.5%), from €177,641 to €169,633
- Taxes -€7,948
down €7,948 (-14.2%), from €55,956 to €48,008
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.
Cash bridge derived
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 | €695,187 | €736,942 | +€41,755 | +6.0% |
| Fixed assets | 21/28 | €630,257 | €605,068 | -€25,189 | -4.0% |
| Tangible fixed assets | 22/27 | €630,092 | €604,903 | -€25,189 | -4.0% |
| Land and buildings | 22 | €625,649 | €588,274 | -€37,375 | -6.0% |
| Plant, machinery and equipment | 23 | €1,063 | €653 | -€410 | -38.5% |
| Furniture and vehicles | 24 | €3,380 | €15,976 | +€12,596 | +372.6% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €64,930 | €131,873 | +€66,944 | +103.1% |
| Amounts receivable within one year | 40/41 | €55,264 | €86,251 | +€30,987 | +56.1% |
| Trade receivables | 40 | €55,264 | €86,251 | +€30,987 | +56.1% |
| Cash at bank and in hand | 54/58 | €5,337 | €20,110 | +€14,773 | +276.8% |
| Deferred charges and accrued income | 490/1 | €4,329 | €25,513 | +€21,184 | +489.4% |
| Total equity and liabilities | 10/49 | €695,187 | €736,942 | +€41,755 | +6.0% |
| Equity | 10/15 | €271,236 | €333,517 | +€62,281 | +23.0% |
| Contributions | 10/11 | €68,950 | €68,950 | = | 0.0% |
| Revaluation surpluses | 12 | €88,667 | €88,667 | = | 0.0% |
| Reserves | 13 | €72,544 | €132,544 | +€60,000 | +82.7% |
| Distributable reserves | 133 | €72,544 | €132,544 | +€60,000 | +82.7% |
| Profit (loss) carried forward | 14 | €41,076 | €43,357 | +€2,281 | +5.6% |
| Amounts payable | 17/49 | €423,951 | €403,425 | -€20,526 | -4.8% |
| Amounts payable after more than one year | 17 | €202,062 | €171,836 | -€30,226 | -15.0% |
| Financial debts | 170/4 | €202,062 | €171,836 | -€30,226 | -15.0% |
| Amounts payable within one year | 42/48 | €191,032 | €204,197 | +€13,165 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €45,670 | €46,962 | +€1,292 | +2.8% |
| Trade debts | 44 | €21,159 | €47,982 | +€26,823 | +126.8% |
| Suppliers | 440/4 | €21,159 | €47,982 | +€26,823 | +126.8% |
| Taxes, remuneration and social security | 45 | €121,820 | €105,353 | -€16,468 | -13.5% |
| Taxes | 450/3 | €94,489 | €82,266 | -€12,223 | -12.9% |
| Remuneration and social security | 454/9 | €27,332 | €23,087 | -€4,245 | -15.5% |
| Other amounts payable | 47/48 | €2,383 | €3,901 | +€1,518 | +63.7% |
| Accrued charges and deferred income | 492/3 | €30,858 | €27,392 | -€3,465 | -11.2% |
| Remuneration, social security and pensions | 62 | €177,641 | €169,633 | -€8,008 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,405 | €42,544 | +€2,139 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,251 | +€3,251 | |
| Other operating charges | 640/8 | €5,776 | €3,481 | -€2,294 | -39.7% |
| Non-recurring operating charges | 66A | €2,770 | - | -€2,770 | |
| Gross operating margin | 9900 | €324,346 | €339,494 | +€15,148 | +4.7% |
| Operating profit (loss) | 9901 | €97,754 | €120,584 | +€22,831 | +23.4% |
| Financial income | 75/76B | €16 | €13 | -€3 | -17.5% |
| Recurring financial income | 75 | €16 | €13 | -€3 | -17.5% |
| Financial charges | 65/66B | €7,931 | €10,308 | +€2,378 | +30.0% |
| Recurring financial charges | 65 | €7,931 | €10,308 | +€2,378 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €89,839 | €110,289 | +€20,450 | +22.8% |
| Income taxes | 67/77 | €55,956 | €48,008 | -€7,948 | -14.2% |
| Profit (loss) for the period | 9904 | €33,882 | €62,281 | +€28,398 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,882 | €62,281 | +€28,398 | +83.8% |
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 12 October 2026 via checked.be.