ILBA: 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.
ILBA
Largest movements
- Stocks and contracts -€47,594
down €47,594 (-21.7%), from €219,578 to €171,984
- Receivables within one year +€18,377
up €18,377 (+60.8%), from €30,243 to €48,620
of which Other amounts receivable: +€13,015
- Tangible fixed assets -€10,761
down €10,761 (-3.5%), from €307,729 to €296,968
of which Land and buildings: -€12,846
- Current investments -€8,081
down €8,081 (-100.0%), from €8,082 to €2
- Current portion of long-term debt -€27,135
down €27,135 (-91.3%), from €29,725 to €2,590
- Trade debts -€19,536
down €19,536 (-17.8%), from €109,845 to €90,309
- Gross operating margin -€14,277
down €14,277 (-12.5%), from €114,395 to €100,118
- Depreciation -€8,005
down €8,005 (-33.5%), from €23,931 to €15,926
- Staff costs +€2,788
up €2,788 (+4.6%), from €60,176 to €62,965
- Taxes -€2,054
down €2,054 (-50.8%), from €4,040 to €1,986
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 | €601,773 | €557,986 | -€43,787 | -7.3% |
| Fixed assets | 21/28 | €309,813 | €299,051 | -€10,761 | -3.5% |
| Tangible fixed assets | 22/27 | €307,729 | €296,968 | -€10,761 | -3.5% |
| Land and buildings | 22 | €304,276 | €291,430 | -€12,846 | -4.2% |
| Plant, machinery and equipment | 23 | €2,854 | €5,278 | +€2,424 | +84.9% |
| Furniture and vehicles | 24 | €599 | €260 | -€339 | -56.6% |
| Financial fixed assets | 28 | €2,084 | €2,084 | = | 0.0% |
| Current assets | 29/58 | €291,961 | €258,934 | -€33,026 | -11.3% |
| Stocks and contracts in progress | 3 | €219,578 | €171,984 | -€47,594 | -21.7% |
| Stocks | 30/36 | €219,578 | €171,984 | -€47,594 | -21.7% |
| Amounts receivable within one year | 40/41 | €30,243 | €48,620 | +€18,377 | +60.8% |
| Trade receivables | 40 | €19,268 | €24,630 | +€5,362 | +27.8% |
| Other amounts receivable | 41 | €10,975 | €23,990 | +€13,015 | +118.6% |
| Current investments | 50/53 | €8,082 | €2 | -€8,081 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,342 | €28,336 | +€1,993 | +7.6% |
| Deferred charges and accrued income | 490/1 | €7,716 | €9,993 | +€2,278 | +29.5% |
| Total equity and liabilities | 10/49 | €601,773 | €557,986 | -€43,787 | -7.3% |
| Equity | 10/15 | €280,021 | €282,551 | +€2,530 | +0.9% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Reserves | 13 | €259,921 | €262,451 | +€2,530 | +1.0% |
| Tax-exempt reserves | 132 | €38,374 | €38,374 | = | 0.0% |
| Distributable reserves | 133 | €221,547 | €224,076 | +€2,530 | +1.1% |
| Amounts payable | 17/49 | €321,752 | €275,435 | -€46,317 | -14.4% |
| Amounts payable after more than one year | 17 | €131,017 | €128,426 | -€2,590 | -2.0% |
| Financial debts | 170/4 | €6,017 | €3,426 | -€2,590 | -43.1% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €183,099 | €140,172 | -€42,927 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €29,725 | €2,590 | -€27,135 | -91.3% |
| Financial debts | 43 | €5,882 | €1,014 | -€4,869 | -82.8% |
| Credit institutions | 430/8 | - | €1,014 | +€1,014 | |
| Other loans | 439 | €5,882 | - | -€5,882 | |
| Trade debts | 44 | €109,845 | €90,309 | -€19,536 | -17.8% |
| Suppliers | 440/4 | €109,845 | €90,309 | -€19,536 | -17.8% |
| Taxes, remuneration and social security | 45 | €14,672 | €20,600 | +€5,929 | +40.4% |
| Taxes | 450/3 | €5,356 | €6,859 | +€1,503 | +28.1% |
| Remuneration and social security | 454/9 | €9,315 | €13,742 | +€4,426 | +47.5% |
| Other amounts payable | 47/48 | €22,975 | €25,659 | +€2,683 | +11.7% |
| Accrued charges and deferred income | 492/3 | €7,637 | €6,837 | -€800 | -10.5% |
| Remuneration, social security and pensions | 62 | €60,176 | €62,965 | +€2,788 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,931 | €15,926 | -€8,005 | -33.5% |
| Other operating charges | 640/8 | €2,422 | €2,328 | -€95 | -3.9% |
| Gross operating margin | 9900 | €114,395 | €100,118 | -€14,277 | -12.5% |
| Operating profit (loss) | 9901 | €27,865 | €18,899 | -€8,966 | -32.2% |
| Financial income | 75/76B | €1,195 | €692 | -€503 | -42.1% |
| Recurring financial income | 75 | €1,195 | €692 | -€503 | -42.1% |
| Financial charges | 65/66B | €13,817 | €13,276 | -€541 | -3.9% |
| Recurring financial charges | 65 | €13,817 | €13,276 | -€541 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €15,243 | €6,315 | -€8,928 | -58.6% |
| Income taxes | 67/77 | €4,040 | €1,986 | -€2,054 | -50.8% |
| Profit (loss) for the period | 9904 | €11,203 | €4,330 | -€6,874 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,203 | €4,330 | -€6,874 | -61.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.