ILA studio: 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.
ILA studio
Largest movements
- Receivables within one year -€310,001
down €310,001 (-50.3%), from €616,454 to €306,454
of which Trade receivables: -€335,344
- Deferred charges and accrued income +€153,362
up €153,362 (+802%), from €19,115 to €172,478
- Intangible fixed assets -€19,057
down €19,057 (-32.8%), from €58,144 to €39,088
- Cash +€13,459
up €13,459 (+9.7%), from €138,710 to €152,169
mainly Receivables within one year (+€310,001) and Trade debts (+€105,098)
- Tangible fixed assets -€12,355
down €12,355 (-24.8%), from €49,772 to €37,416
of which Plant, machinery and equipment: -€7,645
- Profit (loss) carried forward -€137,470
down €137,470 (-89.2%), from €154,089 to €16,619
- Other debts -€107,888
down €107,888 (-39.2%), from €275,000 to €167,112
- Trade debts +€105,098
up €105,098 (+99.8%), from €105,321 to €210,419
- Tax, wage and social debts -€50,848
down €50,848 (-53.5%), from €95,020 to €44,172
of which Remuneration and social security: -€30,591
- Accrued charges and deferred income +€16,517
up €16,517 (+6.8%), from €242,812 to €259,328
- Turnover -€312,728
down €312,728 (-8.2%), from €3.8m to €3.5m
- Purchases and services -€209,563
down €209,563 (-6.1%), from €3.4m to €3.2m
- Gross operating margin -€85,500
down €85,500 (-22.2%), from €384,924 to €299,424
- Staff costs -€76,642
down €76,642 (-16.8%), from €456,055 to €379,412
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.
Derived cash bridge
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 | €892,647 | €718,056 | -€174,591 | -19.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €118,367 | €86,956 | -€31,412 | -26.5% |
| Intangible fixed assets | 21 | €58,144 | €39,088 | -€19,057 | -32.8% |
| Tangible fixed assets | 22/27 | €49,772 | €37,416 | -€12,355 | -24.8% |
| Plant, machinery and equipment | 23 | €37,901 | €30,256 | -€7,645 | -20.2% |
| Furniture and vehicles | 24 | €3,172 | €892 | -€2,280 | -71.9% |
| Other tangible fixed assets | 26 | €8,699 | €6,268 | -€2,430 | -27.9% |
| Financial fixed assets | 28 | €10,452 | €10,452 | = | 0.0% |
| Current assets | 29/58 | €774,279 | €631,100 | -€143,179 | -18.5% |
| Amounts receivable within one year | 40/41 | €616,454 | €306,454 | -€310,001 | -50.3% |
| Trade receivables | 40 | €584,850 | €249,506 | -€335,344 | -57.3% |
| Other amounts receivable | 41 | €31,605 | €56,948 | +€25,343 | +80.2% |
| Cash at bank and in hand | 54/58 | €138,710 | €152,169 | +€13,459 | +9.7% |
| Deferred charges and accrued income | 490/1 | €19,115 | €172,478 | +€153,362 | +802% |
| Total equity and liabilities | 10/49 | €892,647 | €718,056 | -€174,591 | -19.6% |
| Equity | 10/15 | €174,494 | €37,024 | -€137,470 | -78.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,089 | €16,619 | -€137,470 | -89.2% |
| Amounts payable | 17/49 | €718,153 | €681,032 | -€37,121 | -5.2% |
| Amounts payable within one year | 42/48 | €475,341 | €421,704 | -€53,638 | -11.3% |
| Trade debts | 44 | €105,321 | €210,419 | +€105,098 | +99.8% |
| Suppliers | 440/4 | €105,321 | €210,419 | +€105,098 | +99.8% |
| Taxes, remuneration and social security | 45 | €95,020 | €44,172 | -€50,848 | -53.5% |
| Taxes | 450/3 | €29,739 | €9,482 | -€20,257 | -68.1% |
| Remuneration and social security | 454/9 | €65,281 | €34,691 | -€30,591 | -46.9% |
| Other amounts payable | 47/48 | €275,000 | €167,112 | -€107,888 | -39.2% |
| Accrued charges and deferred income | 492/3 | €242,812 | €259,328 | +€16,517 | +6.8% |
| Turnover | 70 | €3,804,265 | €3,491,537 | -€312,728 | -8.2% |
| Non-recurring operating income | 76A | - | €20,492 | +€20,492 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,431,615 | €3,222,052 | -€209,563 | -6.1% |
| Remuneration, social security and pensions | 62 | €456,055 | €379,412 | -€76,642 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,469 | €36,859 | +€6,391 | +21.0% |
| Other operating charges | 640/8 | €2,537 | €913 | -€1,624 | -64.0% |
| Gross operating margin | 9900 | €384,924 | €299,424 | -€85,500 | -22.2% |
| Operating profit (loss) | 9901 | -€104,137 | -€117,760 | -€13,624 | -13.1% |
| Financial income | 75/76B | €830 | €647 | -€183 | -22.1% |
| Recurring financial income | 75 | €830 | €647 | -€183 | -22.1% |
| Financial charges | 65/66B | €9,567 | €16,741 | +€7,174 | +75.0% |
| Recurring financial charges | 65 | €9,567 | €16,741 | +€7,174 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | -€112,874 | -€133,854 | -€20,981 | -18.6% |
| Income taxes | 67/77 | €2,603 | €3,616 | +€1,013 | +38.9% |
| Profit (loss) for the period | 9904 | -€115,477 | -€137,470 | -€21,993 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,477 | -€137,470 | -€21,993 | -19.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.