ILARCO: 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.
ILARCO
Largest movements
- Cash +€12,732
up €12,732 (+5479.3%), from €232 to €12,965
mainly Short-term financial debts (+€705,000) and Depreciation (+€37,789)
- Short-term financial debts +€705,000
new in 2025: €705,000
- Debts after one year -€659,228
down €659,228 (-85.6%), from €770,562 to €111,334
- Current portion of long-term debt -€59,750
down €59,750 (-100.0%), from €59,750 to €0
- Trade debts +€21,743
up €21,743 (+441.6%), from €4,923 to €26,666
- Gross operating margin -€25,870
down €25,870 (-32.2%), from €80,255 to €54,386
- Taxes -€9,259
down €9,259 (-90.2%), from €10,263 to €1,005
- Financial charges -€3,314
down €3,314 (-43.7%), from €7,591 to €4,277
- Depreciation +€806
up €806 (+2.2%), from €36,983 to €37,789
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 | €1,076,240 | €1,084,326 | +€8,086 | +0.8% |
| Fixed assets | 21/28 | €1,076,008 | €1,071,361 | -€4,647 | -0.4% |
| Tangible fixed assets | 22/27 | €1,076,008 | €1,071,361 | -€4,647 | -0.4% |
| Land and buildings | 22 | €1,076,008 | €1,071,361 | -€4,647 | -0.4% |
| Current assets | 29/58 | €232 | €12,965 | +€12,732 | +5479.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €232 | €12,965 | +€12,732 | +5479.3% |
| Total equity and liabilities | 10/49 | €1,076,240 | €1,084,326 | +€8,086 | +0.8% |
| Equity | 10/15 | €232,724 | €235,484 | +€2,760 | +1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €212,724 | €215,484 | +€2,760 | +1.3% |
| Distributable reserves | 133 | €212,724 | €215,484 | +€2,760 | +1.3% |
| Amounts payable | 17/49 | €843,516 | €848,842 | +€5,326 | +0.6% |
| Amounts payable after more than one year | 17 | €770,562 | €111,334 | -€659,228 | -85.6% |
| Financial debts | 170/4 | €770,562 | €111,334 | -€659,228 | -85.6% |
| Amounts payable within one year | 42/48 | €72,955 | €737,508 | +€664,554 | +910.9% |
| Current portion of amounts payable after more than one year | 42 | €59,750 | €0 | -€59,750 | -100.0% |
| Financial debts | 43 | - | €705,000 | +€705,000 | |
| Credit institutions | 430/8 | - | €705,000 | +€705,000 | |
| Trade debts | 44 | €4,923 | €26,666 | +€21,743 | +441.6% |
| Suppliers | 440/4 | €4,923 | €26,666 | +€21,743 | +441.6% |
| Taxes, remuneration and social security | 45 | €7,324 | €5,842 | -€1,482 | -20.2% |
| Taxes | 450/3 | €7,324 | €5,842 | -€1,482 | -20.2% |
| Other amounts payable | 47/48 | €957 | €0 | -€957 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,983 | €37,789 | +€806 | +2.2% |
| Other operating charges | 640/8 | €8,805 | €8,582 | -€224 | -2.5% |
| Gross operating margin | 9900 | €80,255 | €54,386 | -€25,870 | -32.2% |
| Operating profit (loss) | 9901 | €34,467 | €8,015 | -€26,452 | -76.7% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €7,591 | €4,277 | -€3,314 | -43.7% |
| Recurring financial charges | 65 | €7,591 | €4,277 | -€3,314 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €26,877 | €3,764 | -€23,112 | -86.0% |
| Income taxes | 67/77 | €10,263 | €1,005 | -€9,259 | -90.2% |
| Profit (loss) for the period | 9904 | €16,614 | €2,760 | -€13,854 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,614 | €2,760 | -€13,854 | -83.4% |
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 10 October 2026 via checked.be.