ILAS: what changed
What changed
ILAS
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€442,985
2024 · €417,944+€25,041
Equity
€467,160
2024 · €467,160
Cash
€545,159
2024 · €356,288+€188,871
Balance sheet total
€1.6m
2024 · €1.5m+€142,798
Largest movements
Assets
- Cash +€188,871
up €188,871 (+53.0%), from €356,288 to €545,159
mainly Net result for the year (+€442,985) and Other debts (+€166,186)
- Receivables within one year -€31,200
down €31,200 (-100%), from €31,200 to €0
Equity and liabilities
- Other debts +€166,186
up €166,186 (+38.4%), from €432,914 to €599,100
- Debts after one year -€16,354
down €16,354 (-3.1%), from €530,311 to €513,957
Income statement
- Gross operating margin +€35,459
up €35,459 (+7.5%), from €473,507 to €508,966
- Depreciation +€12,157
up €12,157 (+535%), from €2,272 to €14,429
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€417,944
Gross operating margin
+€35,459
Depreciation
-€12,157
Other operating charges
-€25
Financial income
+€1,164
Financial charges
-€1,467
Taxes
+€2,067
Result 2025
€442,985
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€649,584
Investment
-€1,957
Financing
-€458,757
Cash 2024
€356,288
From operations (derived)
+€649,584
Net result for the year
+€442,985
Depreciation
+€14,429
Receivables within one year
+€31,200
Deferred charges and accrued income
+€2,400
Trade debts
-€381
Tax, wage and social debts
-€7,236
Other debts
+€166,186
Investment (derived)
-€1,957
Investment in fixed assets (net)
-€1,957
Financing
-€458,757
Debts after one year
-€16,354
Current portion of long-term debt
+€582
Contributions, distributions and other
-€442,985
Cash 2025
€545,159
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,466,012 | €1,608,810 | +€142,798 | +9.7% |
| Fixed assets | 21/28 | €1,066,168 | €1,053,696 | -€12,472 | -1.2% |
| Tangible fixed assets | 22/27 | €72,168 | €59,696 | -€12,472 | -17.3% |
| Furniture and vehicles | 24 | €62,319 | €51,514 | -€10,804 | -17.3% |
| Other tangible fixed assets | 26 | €9,850 | €8,181 | -€1,668 | -16.9% |
| Financial fixed assets | 28 | €994,000 | €994,000 | = | 0.0% |
| Current assets | 29/58 | €399,844 | €555,114 | +€155,271 | +38.8% |
| Stocks and contracts in progress | 3 | €3,600 | €3,600 | = | 0.0% |
| Stocks | 30/36 | €3,600 | €3,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,200 | €0 | -€31,200 | -100% |
| Trade receivables | 40 | €31,200 | €0 | -€31,200 | -100% |
| Cash at bank and in hand | 54/58 | €356,288 | €545,159 | +€188,871 | +53.0% |
| Deferred charges and accrued income | 490/1 | €8,756 | €6,356 | -€2,400 | -27.4% |
| Total equity and liabilities | 10/49 | €1,466,012 | €1,608,810 | +€142,798 | +9.7% |
| Equity | 10/15 | €467,160 | €467,160 | = | 0.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €446,700 | €446,700 | = | 0.0% |
| Distributable reserves | 133 | €446,700 | €446,700 | = | 0.0% |
| Amounts payable | 17/49 | €998,852 | €1,141,650 | +€142,798 | +14.3% |
| Amounts payable after more than one year | 17 | €530,311 | €513,957 | -€16,354 | -3.1% |
| Financial debts | 170/4 | €530,311 | €513,957 | -€16,354 | -3.1% |
| Amounts payable within one year | 42/48 | €468,541 | €627,693 | +€159,152 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €15,772 | €16,354 | +€582 | +3.7% |
| Trade debts | 44 | €1,745 | €1,365 | -€381 | -21.8% |
| Suppliers | 440/4 | €1,745 | €1,365 | -€381 | -21.8% |
| Taxes, remuneration and social security | 45 | €18,110 | €10,875 | -€7,236 | -40.0% |
| Taxes | 450/3 | €18,110 | €10,875 | -€7,236 | -40.0% |
| Other amounts payable | 47/48 | €432,914 | €599,100 | +€166,186 | +38.4% |
| Non-recurring operating income | 76A | - | €19,121 | +€19,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,272 | €14,429 | +€12,157 | +535% |
| Other operating charges | 640/8 | €2,227 | €2,252 | +€25 | +1.1% |
| Gross operating margin | 9900 | €473,507 | €508,966 | +€35,459 | +7.5% |
| Operating profit (loss) | 9901 | €469,008 | €492,286 | +€23,277 | +5.0% |
| Financial income | 75/76B | €600 | €1,764 | +€1,164 | +194% |
| Recurring financial income | 75 | €600 | €1,764 | +€1,164 | +194% |
| Financial charges | 65/66B | €15,150 | €16,617 | +€1,467 | +9.7% |
| Recurring financial charges | 65 | €15,150 | €16,617 | +€1,467 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €454,459 | €477,432 | +€22,974 | +5.1% |
| Income taxes | 67/77 | €36,514 | €34,447 | -€2,067 | -5.7% |
| Profit (loss) for the period | 9904 | €417,944 | €442,985 | +€25,041 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €417,944 | €442,985 | +€25,041 | +6.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.