Ielan: what changed
Two fiscal 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.
Ielan
Largest movements
- Deferred charges and accrued income +€11,897
up €11,897 (+339.2%), from €3,508 to €15,405
- Tangible fixed assets -€10,904
down €10,904 (-5.1%), from €213,361 to €202,457
of which Land and buildings: -€10,508
- Cash +€5,395
up €5,395 (+2777.4%), from €194 to €5,589
mainly Net result for the year (+€17,870) and Depreciation (+€10,904)
- Profit (loss) carried forward +€17,870
up €17,870 (+82.1%), from -€21,762 to -€3,892
- Other debts -€8,109
down €8,109 (-76.5%), from €10,605 to €2,497
- Financial charges -€15,695
down €15,695 (-76.4%), from €20,540 to €4,845
- Gross operating margin +€3,068
up €3,068 (+8.5%), from €36,272 to €39,341
- Depreciation -€557
down €557 (-4.9%), from €11,462 to €10,904
- Financial income +€425
up €425 (+458.4%), from €93 to €518
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 | €225,839 | €233,773 | +€7,934 | +3.5% |
| Fixed assets | 21/28 | €213,361 | €202,457 | -€10,904 | -5.1% |
| Tangible fixed assets | 22/27 | €213,361 | €202,457 | -€10,904 | -5.1% |
| Land and buildings | 22 | €212,451 | €201,943 | -€10,508 | -4.9% |
| Plant, machinery and equipment | 23 | €910 | €513 | -€396 | -43.6% |
| Current assets | 29/58 | €12,478 | €31,317 | +€18,838 | +151.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,776 | €10,323 | +€1,546 | +17.6% |
| Other amounts receivable | 41 | €8,776 | €10,323 | +€1,546 | +17.6% |
| Cash at bank and in hand | 54/58 | €194 | €5,589 | +€5,395 | +2777.4% |
| Deferred charges and accrued income | 490/1 | €3,508 | €15,405 | +€11,897 | +339.2% |
| Total equity and liabilities | 10/49 | €225,839 | €233,773 | +€7,934 | +3.5% |
| Equity | 10/15 | €122,755 | €140,625 | +€17,870 | +14.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €119,728 | €119,728 | = | 0.0% |
| Distributable reserves | 133 | €119,728 | €119,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,762 | -€3,892 | +€17,870 | +82.1% |
| Provisions and deferred taxes | 16 | €16,361 | €16,361 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,361 | €16,361 | = | 0.0% |
| Major repairs and maintenance | 162 | €16,361 | €16,361 | = | 0.0% |
| Amounts payable | 17/49 | €86,723 | €76,787 | -€9,936 | -11.5% |
| Amounts payable within one year | 42/48 | €86,723 | €76,787 | -€9,936 | -11.5% |
| Financial debts | 43 | €66,085 | €66,085 | = | 0.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €66,085 | €66,085 | = | 0.0% |
| Trade debts | 44 | €10,033 | €8,206 | -€1,827 | -18.2% |
| Suppliers | 440/4 | €10,033 | €8,206 | -€1,827 | -18.2% |
| Other amounts payable | 47/48 | €10,605 | €2,497 | -€8,109 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,462 | €10,904 | -€557 | -4.9% |
| Other operating charges | 640/8 | €6,153 | €6,239 | +€86 | +1.4% |
| Gross operating margin | 9900 | €36,272 | €39,341 | +€3,068 | +8.5% |
| Operating profit (loss) | 9901 | €18,657 | €22,197 | +€3,540 | +19.0% |
| Financial income | 75/76B | €93 | €518 | +€425 | +458.4% |
| Recurring financial income | 75 | €93 | €518 | +€425 | +458.4% |
| Financial charges | 65/66B | €20,540 | €4,845 | -€15,695 | -76.4% |
| Recurring financial charges | 65 | €20,540 | €4,845 | -€15,695 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,790 | €17,870 | +€19,660 | |
| Profit (loss) for the period | 9904 | -€1,790 | €17,870 | +€19,660 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,790 | €17,870 | +€19,660 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.