ILBAY LOGISTICS: 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.
ILBAY LOGISTICS
Largest movements
- Receivables within one year +€445,626
up €445,626 (+848.2%), from €52,537 to €498,162
of which Other amounts receivable: +€316,249
- Cash +€240,464
up €240,464 (+564.2%), from €42,617 to €283,081
mainly Net result for the year (+€442,977) and Tax, wage and social debts (+€248,976)
- Financial fixed assets +€24,000
up €24,000 (+1263.2%), from €1,900 to €25,900
- Deferred charges and accrued income +€9,297
new in 2025: €9,297
- Profit (loss) carried forward +€442,977
up €442,977 (+3211.6%), from €13,793 to €456,771
- Tax, wage and social debts +€248,976
up €248,976 (+6549.0%), from €3,802 to €252,778
of which Taxes: +€160,005
- Trade debts +€76,856
up €76,856 (+395.4%), from €19,439 to €96,295
- Other debts -€49,422
down €49,422 (-98.8%), from €50,000 to €578
- Gross operating margin +€1.2m
up €1.2m (+4732.3%), from €24,304 to €1.2m
- Staff costs +€559,795
up €559,795 (+9593.7%), from €5,835 to €565,630
- Taxes +€133,005
up €133,005 (+3857.1%), from €3,448 to €136,453
- Other operating charges +€27,277
up €27,277 (+3103.6%), from €879 to €28,155
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 | €97,054 | €816,441 | +€719,387 | +741.2% |
| Fixed assets | 21/28 | €1,900 | €25,900 | +€24,000 | +1263.2% |
| Financial fixed assets | 28 | €1,900 | €25,900 | +€24,000 | +1263.2% |
| Current assets | 29/58 | €95,154 | €790,541 | +€695,387 | +730.8% |
| Amounts receivable within one year | 40/41 | €52,537 | €498,162 | +€445,626 | +848.2% |
| Trade receivables | 40 | €34,120 | €163,496 | +€129,376 | +379.2% |
| Other amounts receivable | 41 | €18,417 | €334,666 | +€316,249 | +1717.2% |
| Cash at bank and in hand | 54/58 | €42,617 | €283,081 | +€240,464 | +564.2% |
| Deferred charges and accrued income | 490/1 | - | €9,297 | +€9,297 | |
| Total equity and liabilities | 10/49 | €97,054 | €816,441 | +€719,387 | +741.2% |
| Equity | 10/15 | €23,813 | €466,791 | +€442,977 | +1860.2% |
| Contributions | 10/11 | €10,020 | €10,020 | = | 0.0% |
| Capital | 10 | €10,020 | - | -€10,020 | |
| Issued capital | 100 | €10,020 | - | -€10,020 | |
| Contributions outside capital | 11 | - | €10,020 | +€10,020 | |
| Other | 1109/19 | - | €10,020 | +€10,020 | |
| Profit (loss) carried forward | 14 | €13,793 | €456,771 | +€442,977 | +3211.6% |
| Amounts payable | 17/49 | €73,240 | €349,650 | +€276,410 | +377.4% |
| Amounts payable within one year | 42/48 | €73,240 | €349,650 | +€276,410 | +377.4% |
| Trade debts | 44 | €19,439 | €96,295 | +€76,856 | +395.4% |
| Suppliers | 440/4 | €19,439 | €96,295 | +€76,856 | +395.4% |
| Taxes, remuneration and social security | 45 | €3,802 | €252,778 | +€248,976 | +6549.0% |
| Taxes | 450/3 | €256 | €160,261 | +€160,005 | +62482.4% |
| Remuneration and social security | 454/9 | €3,546 | €92,517 | +€88,971 | +2509.3% |
| Other amounts payable | 47/48 | €50,000 | €578 | -€49,422 | -98.8% |
| Remuneration, social security and pensions | 62 | €5,835 | €565,630 | +€559,795 | +9593.7% |
| Other operating charges | 640/8 | €879 | €28,155 | +€27,277 | +3103.6% |
| Gross operating margin | 9900 | €24,304 | €1,174,450 | +€1.2m | +4732.3% |
| Operating profit (loss) | 9901 | €17,590 | €580,665 | +€563,074 | +3201.0% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €349 | €1,284 | +€935 | +267.9% |
| Recurring financial charges | 65 | €349 | €1,284 | +€935 | +267.9% |
| Profit (loss) for the period before taxes | 9903 | €17,242 | €579,430 | +€562,189 | +3260.7% |
| Income taxes | 67/77 | €3,448 | €136,453 | +€133,005 | +3857.1% |
| Profit (loss) for the period | 9904 | €13,793 | €442,977 | +€429,184 | +3111.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,793 | €442,977 | +€429,184 | +3111.6% |
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 11 October 2026 via checked.be.