ILD Fund: 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.
ILD Fund
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+41.5%), from €3.0m to €4.2m
of which Other amounts receivable: +€1.3m
- Deferred charges and accrued income +€181,491
up €181,491 (+36.4%), from €498,380 to €679,871
- Current portion of long-term debt -€7.5m
down €7.5m (-100.0%), from €7.5m to €0
- Debts after one year +€5.0m
up €5.0m, from €0 to €5.0m
of which Other amounts payable: +€5.0m
- Other debts +€4.5m
up €4.5m (+437.3%), from €1.0m to €5.5m
- Profit (loss) carried forward -€437,660
down €437,660 (-21.6%), from -€2.0m to -€2.5m
- Financial charges +€163,360
up €163,360 (+33.4%), from €489,351 to €652,711
- Financial income +€62,711
up €62,711 (+44.5%), from €141,040 to €203,751
- Depreciation -€46,455
down €46,455 (-83.3%), from €55,745 to €9,290
- Gross operating margin -€1,961
down €1,961 (-8.3%), from €23,694 to €21,733
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 | €14,405,164 | €15,793,375 | +€1.4m | +9.6% |
| Formation expenses | 20 | €9,290 | €0 | -€9,290 | -100.0% |
| Fixed assets | 21/28 | €10,885,263 | €10,885,263 | = | 0.0% |
| Financial fixed assets | 28 | €10,885,263 | €10,885,263 | = | 0.0% |
| Current assets | 29/58 | €3,510,610 | €4,908,111 | +€1.4m | +39.8% |
| Amounts receivable within one year | 40/41 | €2,952,870 | €4,177,979 | +€1.2m | +41.5% |
| Trade receivables | 40 | €40,000 | €0 | -€40,000 | -100.0% |
| Other amounts receivable | 41 | €2,912,870 | €4,177,979 | +€1.3m | +43.4% |
| Cash at bank and in hand | 54/58 | €59,360 | €50,262 | -€9,099 | -15.3% |
| Deferred charges and accrued income | 490/1 | €498,380 | €679,871 | +€181,491 | +36.4% |
| Total equity and liabilities | 10/49 | €14,405,164 | €15,793,375 | +€1.4m | +9.6% |
| Equity | 10/15 | €5,470,954 | €5,033,294 | -€437,660 | -8.0% |
| Contributions | 10/11 | €7,500,000 | €7,500,000 | = | 0.0% |
| Capital | 10 | €7,500,000 | €7,500,000 | = | 0.0% |
| Issued capital | 100 | €7,500,000 | €7,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,029,046 | -€2,466,706 | -€437,660 | -21.6% |
| Amounts payable | 17/49 | €8,934,210 | €10,760,081 | +€1.8m | +20.4% |
| Amounts payable after more than one year | 17 | €0 | €4,976,758 | +€5.0m | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €4,976,758 | +€5.0m | |
| Amounts payable within one year | 42/48 | €8,526,379 | €5,516,460 | -€3.0m | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €7,500,000 | €0 | -€7.5m | -100.0% |
| Trade debts | 44 | €0 | €1,322 | +€1,322 | |
| Suppliers | 440/4 | €0 | €1,322 | +€1,322 | |
| Other amounts payable | 47/48 | €1,026,379 | €5,515,138 | +€4.5m | +437.3% |
| Accrued charges and deferred income | 492/3 | €407,831 | €266,863 | -€140,968 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,745 | €9,290 | -€46,455 | -83.3% |
| Other operating charges | 640/8 | €1,158 | €1,143 | -€15 | -1.3% |
| Gross operating margin | 9900 | €23,694 | €21,733 | -€1,961 | -8.3% |
| Operating profit (loss) | 9901 | -€33,209 | €11,300 | +€44,509 | |
| Financial income | 75/76B | €141,040 | €203,751 | +€62,711 | +44.5% |
| Recurring financial income | 75 | €141,040 | €203,751 | +€62,711 | +44.5% |
| Financial charges | 65/66B | €489,351 | €652,711 | +€163,360 | +33.4% |
| Recurring financial charges | 65 | €489,351 | €652,711 | +€163,360 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | -€381,520 | -€437,660 | -€56,140 | -14.7% |
| Profit (loss) for the period | 9904 | -€381,520 | -€437,660 | -€56,140 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€381,520 | -€437,660 | -€56,140 | -14.7% |
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 9 October 2026 via checked.be.