ILCO: 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.
ILCO
Largest movements
- Cash +€162,762
up €162,762 (+55.1%), from €295,308 to €458,070
mainly Receivables within one year (+€90,135) and Depreciation (+€71,128)
- Receivables within one year -€90,135
no longer reported in 2025 (was €90,135)
of which Trade receivables: -€85,179
- Stocks and contracts -€30,180
down €30,180 (-15.4%), from €196,406 to €166,226
- Profit (loss) carried forward +€45,657
up €45,657 (+24.9%), from -€183,668 to -€138,011
- Debts after one year -€18,000
down €18,000 (-1.3%), from €1.3m to €1.3m
of which Financial debts: -€18,000
- Gross operating margin +€64,978
up €64,978 (+25.2%), from €258,076 to €323,054
- Staff costs +€40,680
up €40,680 (+30.1%), from €135,324 to €176,003
- Depreciation +€29,147
up €29,147 (+69.4%), from €41,981 to €71,128
- Financial charges +€5,115
up €5,115 (+42.2%), from €12,120 to €17,235
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 | €1,555,135 | €1,587,953 | +€32,818 | +2.1% |
| Fixed assets | 21/28 | €959,479 | €946,303 | -€13,177 | -1.4% |
| Tangible fixed assets | 22/27 | €831,428 | €820,551 | -€10,876 | -1.3% |
| Land and buildings | 22 | €676,214 | €650,868 | -€25,346 | -3.7% |
| Plant, machinery and equipment | 23 | €13,417 | €12,612 | -€805 | -6.0% |
| Furniture and vehicles | 24 | €126,173 | €142,868 | +€16,695 | +13.2% |
| Other tangible fixed assets | 26 | €15,624 | €14,203 | -€1,421 | -9.1% |
| Financial fixed assets | 28 | €128,052 | €125,751 | -€2,300 | -1.8% |
| Current assets | 29/58 | €595,656 | €641,651 | +€45,994 | +7.7% |
| Stocks and contracts in progress | 3 | €196,406 | €166,226 | -€30,180 | -15.4% |
| Stocks | 30/36 | €196,406 | €166,226 | -€30,180 | -15.4% |
| Amounts receivable within one year | 40/41 | €90,135 | - | -€90,135 | |
| Trade receivables | 40 | €85,179 | €0 | -€85,179 | -100.0% |
| Other amounts receivable | 41 | €4,957 | - | -€4,957 | |
| Cash at bank and in hand | 54/58 | €295,308 | €458,070 | +€162,762 | +55.1% |
| Deferred charges and accrued income | 490/1 | €13,806 | €17,354 | +€3,548 | +25.7% |
| Total equity and liabilities | 10/49 | €1,555,135 | €1,587,953 | +€32,818 | +2.1% |
| Equity | 10/15 | €65,538 | €111,196 | +€45,657 | +69.7% |
| Contributions | 10/11 | €220,600 | €220,600 | = | 0.0% |
| Reserves | 13 | €28,607 | €28,607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,126 | €8,126 | = | 0.0% |
| Distributable reserves | 133 | €18,621 | €18,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,668 | -€138,011 | +€45,657 | +24.9% |
| Amounts payable | 17/49 | €1,489,597 | €1,476,758 | -€12,840 | -0.9% |
| Amounts payable after more than one year | 17 | €1,338,421 | €1,320,421 | -€18,000 | -1.3% |
| Financial debts | 170/4 | €300,300 | €282,300 | -€18,000 | -6.0% |
| Other amounts payable | 178/9 | €1,038,121 | €1,038,121 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,176 | €156,337 | +€5,160 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €67,000 | +€7,000 | +11.7% |
| Trade debts | 44 | €16,928 | €19,842 | +€2,914 | +17.2% |
| Suppliers | 440/4 | €16,928 | €19,842 | +€2,914 | +17.2% |
| Taxes, remuneration and social security | 45 | €1,850 | €6,622 | +€4,771 | +257.9% |
| Taxes | 450/3 | €0 | €6,622 | +€6,622 | |
| Remuneration and social security | 454/9 | €1,850 | - | -€1,850 | |
| Other amounts payable | 47/48 | €72,398 | €62,873 | -€9,525 | -13.2% |
| Remuneration, social security and pensions | 62 | €135,324 | €176,003 | +€40,680 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,981 | €71,128 | +€29,147 | +69.4% |
| Other operating charges | 640/8 | €13,037 | €14,054 | +€1,016 | +7.8% |
| Gross operating margin | 9900 | €258,076 | €323,054 | +€64,978 | +25.2% |
| Operating profit (loss) | 9901 | €67,735 | €61,869 | -€5,866 | -8.7% |
| Financial income | 75/76B | €3 | €1,025 | +€1,022 | +34413.5% |
| Recurring financial income | 75 | €3 | €1,025 | +€1,022 | +34413.5% |
| Financial charges | 65/66B | €12,120 | €17,235 | +€5,115 | +42.2% |
| Recurring financial charges | 65 | €12,120 | €17,235 | +€5,115 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €55,618 | €45,658 | -€9,959 | -17.9% |
| Income taxes | 67/77 | €0 | €1 | +€1 | +250.0% |
| Profit (loss) for the period | 9904 | €55,617 | €45,657 | -€9,960 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,617 | €45,657 | -€9,960 | -17.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.