ILCO: 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.
ILCO
Largest movements
- Cash -€59,242
down €59,242 (-14.6%), from €406,516 to €347,274
mainly Contributions, distributions and other (-€24,447) and Other debts (-€18,352)
- Receivables within one year +€13,298
up €13,298 (+52.2%), from €25,457 to €38,754
of which Other amounts receivable: +€10,463
- Deferred charges and accrued income +€5,146
up €5,146 (+278%), from €1,849 to €6,995
- Reserves -€19,434
down €19,434 (-7.6%), from €257,348 to €237,914
- Other debts -€18,352
down €18,352 (-9.5%), from €193,598 to €175,247
- Tax, wage and social debts -€6,405
down €6,405 (-36.8%), from €17,417 to €11,013
of which Taxes: -€6,405
- Gross operating margin -€39,599
down €39,599 (-60.4%), from €65,516 to €25,917
- Taxes -€10,764
down €10,764 (-67.6%), from €15,916 to €5,152
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 | €492,856 | €452,632 | -€40,224 | -8.2% |
| Fixed assets | 21/28 | €6,823 | €7,397 | +€574 | +8.4% |
| Tangible fixed assets | 22/27 | €6,823 | €7,397 | +€574 | +8.4% |
| Plant, machinery and equipment | 23 | €573 | €371 | -€201 | -35.2% |
| Furniture and vehicles | 24 | - | €1,918 | +€1,918 | |
| Other tangible fixed assets | 26 | €6,250 | €5,107 | -€1,143 | -18.3% |
| Current assets | 29/58 | €486,033 | €445,235 | -€40,798 | -8.4% |
| Amounts receivable within one year | 40/41 | €25,457 | €38,754 | +€13,298 | +52.2% |
| Trade receivables | 40 | €25,330 | €28,165 | +€2,835 | +11.2% |
| Other amounts receivable | 41 | €126 | €10,589 | +€10,463 | +8,277% |
| Current investments | 50/53 | €52,211 | €52,211 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €406,516 | €347,274 | -€59,242 | -14.6% |
| Deferred charges and accrued income | 490/1 | €1,849 | €6,995 | +€5,146 | +278% |
| Total equity and liabilities | 10/49 | €492,856 | €452,632 | -€40,224 | -8.2% |
| Equity | 10/15 | €275,940 | €256,506 | -€19,434 | -7.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €257,348 | €237,914 | -€19,434 | -7.6% |
| Distributable reserves | 133 | €257,348 | €237,914 | -€19,434 | -7.6% |
| Amounts payable | 17/49 | €216,916 | €196,126 | -€20,790 | -9.6% |
| Amounts payable within one year | 42/48 | €216,916 | €196,126 | -€20,790 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €5,142 | €5,112 | -€31 | -0.6% |
| Trade debts | 44 | €758 | €4,755 | +€3,998 | +528% |
| Suppliers | 440/4 | €758 | €4,755 | +€3,998 | +528% |
| Taxes, remuneration and social security | 45 | €17,417 | €11,013 | -€6,405 | -36.8% |
| Taxes | 450/3 | €15,617 | €9,213 | -€6,405 | -41.0% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €193,598 | €175,247 | -€18,352 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,344 | €1,543 | +€198 | +14.8% |
| Other operating charges | 640/8 | €1,399 | €1,226 | -€173 | -12.4% |
| Gross operating margin | 9900 | €65,516 | €25,917 | -€39,599 | -60.4% |
| Operating profit (loss) | 9901 | €62,773 | €23,149 | -€39,624 | -63.1% |
| Financial income | 75/76B | €2,189 | €2,049 | -€141 | -6.4% |
| Recurring financial income | 75 | €2,189 | €2,049 | -€141 | -6.4% |
| Financial charges | 65/66B | €15,566 | €15,033 | -€533 | -3.4% |
| Recurring financial charges | 65 | €15,566 | €15,033 | -€533 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €49,397 | €10,164 | -€39,232 | -79.4% |
| Income taxes | 67/77 | €15,916 | €5,152 | -€10,764 | -67.6% |
| Profit (loss) for the period | 9904 | €33,481 | €5,013 | -€28,468 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,481 | €5,013 | -€28,468 | -85.0% |
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 15 October 2026 via checked.be.