ILDB: 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.
ILDB
Largest movements
- Cash +€920,174
up €920,174 (+161.6%), from €569,554 to €1.5m
mainly Debts after one year (+€1.1m) and Investment in fixed assets (net) (+€564,382)
- Receivables after one year +€850,000
new in 2025: €850,000
- Financial fixed assets -€583,007
down €583,007 (-7.4%), from €7.9m to €7.3m
- Debts after one year +€1.1m
up €1.1m (+8.5%), from €12.9m to €14.0m
- Accrued charges and deferred income +€476,394
up €476,394 (+79.7%), from €597,505 to €1.1m
- Reserves -€234,538
down €234,538 (-4.3%), from €5.4m to €5.2m
of which Distributable reserves: -€234,538
- Financial income +€149,551
up €149,551 (+86.5%), from €172,975 to €322,526
- Financial charges +€44,717
up €44,717 (+10.2%), from €438,337 to €483,054
- Gross operating margin +€24,038
up €24,038 (+19.3%), from €124,867 to €148,904
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 | €19,049,107 | €20,286,995 | +€1.2m | +6.5% |
| Fixed assets | 21/28 | €12,026,741 | €11,343,295 | -€683,446 | -5.7% |
| Tangible fixed assets | 22/27 | €4,104,741 | €4,004,303 | -€100,439 | -2.4% |
| Land and buildings | 22 | €4,093,033 | €3,998,899 | -€94,134 | -2.3% |
| Furniture and vehicles | 24 | €11,708 | €5,404 | -€6,304 | -53.8% |
| Financial fixed assets | 28 | €7,922,000 | €7,338,993 | -€583,007 | -7.4% |
| Current assets | 29/58 | €7,022,366 | €8,943,699 | +€1.9m | +27.4% |
| Amounts receivable after more than one year | 29 | - | €850,000 | +€850,000 | |
| Other amounts receivable | 291 | - | €850,000 | +€850,000 | |
| Amounts receivable within one year | 40/41 | €193,113 | €229,108 | +€35,995 | +18.6% |
| Trade receivables | 40 | €150,417 | €165,060 | +€14,643 | +9.7% |
| Other amounts receivable | 41 | €42,696 | €64,048 | +€21,352 | +50.0% |
| Current investments | 50/53 | €6,207,938 | €6,256,537 | +€48,599 | +0.8% |
| Cash at bank and in hand | 54/58 | €569,554 | €1,489,728 | +€920,174 | +161.6% |
| Deferred charges and accrued income | 490/1 | €51,761 | €118,326 | +€66,565 | +128.6% |
| Total equity and liabilities | 10/49 | €19,049,107 | €20,286,995 | +€1.2m | +6.5% |
| Equity | 10/15 | €5,482,615 | €5,103,349 | -€379,266 | -6.9% |
| Contributions | 10/11 | €5,863 | €5,863 | = | 0.0% |
| Reserves | 13 | €5,445,930 | €5,211,393 | -€234,538 | -4.3% |
| Non-distributable reserves | 130/1 | €1,759 | €1,759 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,759 | €1,759 | = | 0.0% |
| Distributable reserves | 133 | €5,444,171 | €5,209,634 | -€234,538 | -4.3% |
| Profit (loss) carried forward | 14 | €30,821 | -€113,907 | -€144,728 | |
| Amounts payable | 17/49 | €13,566,493 | €15,183,646 | +€1.6m | +11.9% |
| Amounts payable after more than one year | 17 | €12,905,520 | €14,000,520 | +€1.1m | +8.5% |
| Financial debts | 170/4 | €12,905,520 | €14,000,520 | +€1.1m | +8.5% |
| Amounts payable within one year | 42/48 | €63,468 | €109,227 | +€45,759 | +72.1% |
| Trade debts | 44 | €34,648 | €40,994 | +€6,346 | +18.3% |
| Suppliers | 440/4 | €34,648 | €40,994 | +€6,346 | +18.3% |
| Taxes, remuneration and social security | 45 | €15,821 | €27,775 | +€11,954 | +75.6% |
| Taxes | 450/3 | €15,821 | €27,775 | +€11,954 | +75.6% |
| Other amounts payable | 47/48 | €12,999 | €40,458 | +€27,459 | +211.2% |
| Accrued charges and deferred income | 492/3 | €597,505 | €1,073,899 | +€476,394 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,375 | €119,064 | +€689 | +0.6% |
| Other operating charges | 640/8 | €13,968 | €13,676 | -€291 | -2.1% |
| Gross operating margin | 9900 | €124,867 | €148,904 | +€24,038 | +19.3% |
| Operating profit (loss) | 9901 | -€7,476 | €16,164 | +€23,640 | |
| Financial income | 75/76B | €172,975 | €322,526 | +€149,551 | +86.5% |
| Recurring financial income | 75 | €172,975 | €322,526 | +€149,551 | +86.5% |
| Financial charges | 65/66B | €438,337 | €483,054 | +€44,717 | +10.2% |
| Recurring financial charges | 65 | €438,337 | €483,054 | +€44,717 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€272,838 | -€144,363 | +€128,475 | +47.1% |
| Income taxes | 67/77 | €377 | €365 | -€12 | -3.3% |
| Profit (loss) for the period | 9904 | -€273,215 | -€144,728 | +€128,487 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€273,215 | -€144,728 | +€128,487 | +47.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.