ILC BOIS: 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.
ILC BOIS
Largest movements
- Stocks and contracts -€107,271
down €107,271 (-22.1%), from €485,628 to €378,357
- Tangible fixed assets -€66,701
down €66,701 (-6.4%), from €1.0m to €970,996
of which Plant, machinery and equipment: -€60,953
- Cash -€39,678
down €39,678 (-83.0%), from €47,800 to €8,122
mainly Trade debts (-€250,619) and Investment in fixed assets (net) (-€166,796)
- Receivables within one year +€29,343
up €29,343 (+11.0%), from €266,926 to €296,268
of which Trade receivables: +€52,979
- Deferred charges and accrued income -€23,010
down €23,010 (-98.0%), from €23,482 to €472
- Trade debts -€250,619
down €250,619 (-73.3%), from €341,881 to €91,262
- Short-term financial debts +€100,000
up €100,000 (+80.0%), from €125,000 to €225,000
- Debts after one year -€82,452
down €82,452 (-12.2%), from €674,776 to €592,325
- Reserves +€25,000
up €25,000 (+9.2%), from €271,500 to €296,500
- Current portion of long-term debt -€24,567
down €24,567 (-11.6%), from €212,323 to €187,756
- Gross operating margin +€156,117
up €156,117 (+23.6%), from €662,721 to €818,837
- Depreciation +€36,562
up €36,562 (+19.3%), from €189,789 to €226,352
- Taxes +€28,228
up €28,228 (+5,797%), from €487 to €28,715
- Staff costs -€8,983
down €8,983 (-2.2%), from €400,951 to €391,968
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 | €1,866,565 | €1,666,392 | -€200,172 | -10.7% |
| Fixed assets | 21/28 | €1,042,729 | €983,173 | -€59,556 | -5.7% |
| Intangible fixed assets | 21 | €3,840 | €10,985 | +€7,146 | +186% |
| Tangible fixed assets | 22/27 | €1,037,697 | €970,996 | -€66,701 | -6.4% |
| Land and buildings | 22 | €528,825 | €557,072 | +€28,247 | +5.3% |
| Plant, machinery and equipment | 23 | €326,471 | €265,518 | -€60,953 | -18.7% |
| Furniture and vehicles | 24 | €161,780 | €133,995 | -€27,785 | -17.2% |
| Leasing and similar rights | 25 | €20,621 | €14,411 | -€6,210 | -30.1% |
| Financial fixed assets | 28 | €1,192 | €1,192 | = | 0.0% |
| Current assets | 29/58 | €823,836 | €683,219 | -€140,617 | -17.1% |
| Stocks and contracts in progress | 3 | €485,628 | €378,357 | -€107,271 | -22.1% |
| Stocks | 30/36 | €485,628 | €378,357 | -€107,271 | -22.1% |
| Amounts receivable within one year | 40/41 | €266,926 | €296,268 | +€29,343 | +11.0% |
| Trade receivables | 40 | €208,325 | €261,303 | +€52,979 | +25.4% |
| Other amounts receivable | 41 | €58,601 | €34,965 | -€23,636 | -40.3% |
| Cash at bank and in hand | 54/58 | €47,800 | €8,122 | -€39,678 | -83.0% |
| Deferred charges and accrued income | 490/1 | €23,482 | €472 | -€23,010 | -98.0% |
| Total equity and liabilities | 10/49 | €1,866,565 | €1,666,392 | -€200,172 | -10.7% |
| Equity | 10/15 | €388,854 | €413,155 | +€24,300 | +6.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €271,500 | €296,500 | +€25,000 | +9.2% |
| Distributable reserves | 133 | €271,500 | €296,500 | +€25,000 | +9.2% |
| Profit (loss) carried forward | 14 | €1,022 | €3,016 | +€1,994 | +195% |
| Investment grants | 15 | €16,332 | €13,638 | -€2,693 | -16.5% |
| Amounts payable | 17/49 | €1,477,711 | €1,253,238 | -€224,473 | -15.2% |
| Amounts payable after more than one year | 17 | €674,776 | €592,325 | -€82,452 | -12.2% |
| Financial debts | 170/4 | €674,776 | €592,325 | -€82,452 | -12.2% |
| Amounts payable within one year | 42/48 | €802,935 | €660,313 | -€142,621 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €212,323 | €187,756 | -€24,567 | -11.6% |
| Financial debts | 43 | €125,000 | €225,000 | +€100,000 | +80.0% |
| Credit institutions | 430/8 | €125,000 | €225,000 | +€100,000 | +80.0% |
| Trade debts | 44 | €341,881 | €91,262 | -€250,619 | -73.3% |
| Suppliers | 440/4 | €341,881 | €91,262 | -€250,619 | -73.3% |
| Taxes, remuneration and social security | 45 | €41,439 | €50,148 | +€8,709 | +21.0% |
| Taxes | 450/3 | €8,258 | €18,769 | +€10,511 | +127% |
| Remuneration and social security | 454/9 | €33,181 | €31,379 | -€1,802 | -5.4% |
| Other amounts payable | 47/48 | €82,292 | €106,148 | +€23,856 | +29.0% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €400,951 | €391,968 | -€8,983 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,789 | €226,352 | +€36,562 | +19.3% |
| Other operating charges | 640/8 | €9,009 | €9,149 | +€140 | +1.5% |
| Non-recurring operating charges | 66A | - | €476 | +€476 | |
| Gross operating margin | 9900 | €662,721 | €818,837 | +€156,117 | +23.6% |
| Operating profit (loss) | 9901 | €62,971 | €190,893 | +€127,922 | +203% |
| Financial income | 75/76B | €4,079 | €4,606 | +€527 | +12.9% |
| Recurring financial income | 75 | €4,079 | €4,606 | +€527 | +12.9% |
| Financial charges | 65/66B | €30,620 | €34,791 | +€4,171 | +13.6% |
| Recurring financial charges | 65 | €30,620 | €34,791 | +€4,171 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €36,431 | €160,709 | +€124,278 | +341% |
| Income taxes | 67/77 | €487 | €28,715 | +€28,228 | +5,797% |
| Profit (loss) for the period | 9904 | €35,944 | €131,994 | +€96,050 | +267% |
| Profit (loss) for the period to be appropriated | 9905 | €35,944 | €131,994 | +€96,050 | +267% |
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 28 October 2026 via checked.be.