ILARIO: 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.
ILARIO
Largest movements
- Cash +€22,946
up €22,946 (+168%), from €13,636 to €36,581
mainly Net result for the year (+€26,682) and Other debts (+€14,107)
- Receivables within one year -€5,244
down €5,244 (-84.9%), from €6,177 to €933
of which Other amounts receivable: -€6,177
- Tangible fixed assets +€1,852
up €1,852 (+17.6%), from €10,527 to €12,379
of which Plant, machinery and equipment: +€1,523
- Stocks and contracts +€763
up €763 (+15.4%), from €4,960 to €5,723
- Other debts +€14,107
up €14,107 (+236%), from €5,980 to €20,086
- Profit (loss) carried forward +€11,682
up €11,682 (+1,881%), from €621 to €12,303
- Trade debts -€4,821
no longer reported in 2025 (was €4,821)
- Gross operating margin +€32,122
up €32,122 (+148%), from €21,638 to €53,760
- Staff costs +€6,963
up €6,963 (+80.6%), from €8,639 to €15,602
- Taxes +€6,331
up €6,331 (+1,962%), from €323 to €6,654
- Depreciation +€800
up €800 (+24.7%), from €3,237 to €4,037
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.
Derived cash bridge
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 | €42,683 | €63,346 | +€20,663 | +48.4% |
| Fixed assets | 21/28 | €17,910 | €19,493 | +€1,582 | +8.8% |
| Intangible fixed assets | 21 | €270 | - | -€270 | |
| Tangible fixed assets | 22/27 | €10,527 | €12,379 | +€1,852 | +17.6% |
| Plant, machinery and equipment | 23 | €10,527 | €12,050 | +€1,523 | +14.5% |
| Furniture and vehicles | 24 | - | €330 | +€330 | |
| Financial fixed assets | 28 | €7,113 | €7,113 | = | 0.0% |
| Current assets | 29/58 | €24,773 | €43,853 | +€19,080 | +77.0% |
| Stocks and contracts in progress | 3 | €4,960 | €5,723 | +€763 | +15.4% |
| Stocks | 30/36 | €4,960 | €5,723 | +€763 | +15.4% |
| Amounts receivable within one year | 40/41 | €6,177 | €933 | -€5,244 | -84.9% |
| Trade receivables | 40 | - | €933 | +€933 | |
| Other amounts receivable | 41 | €6,177 | - | -€6,177 | |
| Cash at bank and in hand | 54/58 | €13,636 | €36,581 | +€22,946 | +168% |
| Deferred charges and accrued income | 490/1 | - | €616 | +€616 | |
| Total equity and liabilities | 10/49 | €42,683 | €63,346 | +€20,663 | +48.4% |
| Equity | 10/15 | €24,991 | €36,673 | +€11,682 | +46.7% |
| Contributions | 10/11 | €24,370 | €24,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €621 | €12,303 | +€11,682 | +1,881% |
| Amounts payable | 17/49 | €17,692 | €26,673 | +€8,981 | +50.8% |
| Amounts payable within one year | 42/48 | €17,692 | €26,673 | +€8,981 | +50.8% |
| Trade debts | 44 | €4,821 | - | -€4,821 | |
| Suppliers | 440/4 | €4,821 | - | -€4,821 | |
| Taxes, remuneration and social security | 45 | €6,891 | €6,587 | -€305 | -4.4% |
| Taxes | 450/3 | €5,219 | €5,119 | -€100 | -1.9% |
| Remuneration and social security | 454/9 | €1,672 | €1,468 | -€205 | -12.2% |
| Other amounts payable | 47/48 | €5,980 | €20,086 | +€14,107 | +236% |
| Remuneration, social security and pensions | 62 | €8,639 | €15,602 | +€6,963 | +80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,237 | €4,037 | +€800 | +24.7% |
| Other operating charges | 640/8 | €1,061 | €664 | -€397 | -37.4% |
| Gross operating margin | 9900 | €21,638 | €53,760 | +€32,122 | +148% |
| Operating profit (loss) | 9901 | €8,702 | €33,458 | +€24,756 | +284% |
| Financial income | 75/76B | €346 | €309 | -€37 | -10.8% |
| Recurring financial income | 75 | €346 | €309 | -€37 | -10.8% |
| Financial charges | 65/66B | €254 | €431 | +€176 | +69.4% |
| Recurring financial charges | 65 | €254 | €431 | +€176 | +69.4% |
| Profit (loss) for the period before taxes | 9903 | €8,793 | €33,335 | +€24,542 | +279% |
| Income taxes | 67/77 | €323 | €6,654 | +€6,331 | +1,962% |
| Profit (loss) for the period | 9904 | €8,471 | €26,682 | +€18,211 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €8,471 | €26,682 | +€18,211 | +215% |
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 16 October 2026 via checked.be.