IL Projects: 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.
IL Projects
Largest movements
- Cash -€115,064
down €115,064 (-42.5%), from €270,540 to €155,476
mainly Other debts (-€132,237) and Investment in fixed assets (net) (-€64,358)
- Tangible fixed assets +€50,899
up €50,899 (+541.0%), from €9,409 to €60,308
of which Furniture and vehicles: +€52,791
- Receivables within one year -€12,747
down €12,747 (-61.9%), from €20,587 to €7,840
of which Trade receivables: -€20,587
- Other debts -€132,237
down €132,237 (-29.9%), from €441,662 to €309,425
- Profit (loss) carried forward +€62,646
up €62,646, from €0 to €62,646
- Tax, wage and social debts -€7,621
down €7,621 (-61.5%), from €12,394 to €4,773
of which Taxes: -€9,863
- Financial income -€62,021
down €62,021 (-100.0%), from €62,022 to €1
- Taxes -€21,985
down €21,985 (-49.8%), from €44,146 to €22,161
- Depreciation +€11,470
up €11,470 (+576.6%), from €1,989 to €13,459
- Gross operating margin -€8,585
down €8,585 (-7.2%), from €119,308 to €110,723
- Financial charges +€5,848
up €5,848 (+109.7%), from €5,328 to €11,176
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €479,399 | €404,942 | -€74,457 | -15.5% |
| Fixed assets | 21/28 | €187,447 | €238,346 | +€50,899 | +27.2% |
| Tangible fixed assets | 22/27 | €9,409 | €60,308 | +€50,899 | +541.0% |
| Land and buildings | 22 | €9,409 | €7,517 | -€1,892 | -20.1% |
| Furniture and vehicles | 24 | €0 | €52,791 | +€52,791 | |
| Financial fixed assets | 28 | €178,038 | €178,038 | = | 0.0% |
| Current assets | 29/58 | €291,952 | €166,596 | -€125,356 | -42.9% |
| Amounts receivable within one year | 40/41 | €20,587 | €7,840 | -€12,747 | -61.9% |
| Trade receivables | 40 | €20,587 | - | -€20,587 | |
| Other amounts receivable | 41 | - | €7,840 | +€7,840 | |
| Cash at bank and in hand | 54/58 | €270,540 | €155,476 | -€115,064 | -42.5% |
| Deferred charges and accrued income | 490/1 | €824 | €3,280 | +€2,456 | +297.9% |
| Total equity and liabilities | 10/49 | €479,399 | €404,942 | -€74,457 | -15.5% |
| Equity | 10/15 | €18,600 | €81,246 | +€62,646 | +336.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €62,646 | +€62,646 | |
| Amounts payable | 17/49 | €460,799 | €323,696 | -€137,103 | -29.8% |
| Amounts payable within one year | 42/48 | €455,539 | €314,284 | -€141,255 | -31.0% |
| Trade debts | 44 | €1,484 | €86 | -€1,398 | -94.2% |
| Suppliers | 440/4 | €1,484 | €86 | -€1,398 | -94.2% |
| Taxes, remuneration and social security | 45 | €12,394 | €4,773 | -€7,621 | -61.5% |
| Taxes | 450/3 | €12,394 | €2,531 | -€9,863 | -79.6% |
| Remuneration and social security | 454/9 | - | €2,242 | +€2,242 | |
| Other amounts payable | 47/48 | €441,662 | €309,425 | -€132,237 | -29.9% |
| Accrued charges and deferred income | 492/3 | €5,259 | €9,412 | +€4,153 | +79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,989 | €13,459 | +€11,470 | +576.6% |
| Other operating charges | 640/8 | €1,455 | €1,282 | -€173 | -11.9% |
| Gross operating margin | 9900 | €119,308 | €110,723 | -€8,585 | -7.2% |
| Operating profit (loss) | 9901 | €115,864 | €95,982 | -€19,882 | -17.2% |
| Financial income | 75/76B | €62,022 | €1 | -€62,021 | -100.0% |
| Recurring financial income | 75 | €62,022 | €1 | -€62,021 | -100.0% |
| Financial charges | 65/66B | €5,328 | €11,176 | +€5,848 | +109.7% |
| Recurring financial charges | 65 | €5,328 | €11,176 | +€5,848 | +109.7% |
| Profit (loss) for the period before taxes | 9903 | €172,557 | €84,807 | -€87,750 | -50.9% |
| Income taxes | 67/77 | €44,146 | €22,161 | -€21,985 | -49.8% |
| Profit (loss) for the period | 9904 | €128,411 | €62,646 | -€65,765 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,411 | €62,646 | -€65,765 | -51.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.