Ildem: 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.
Ildem
Largest movements
- Tangible fixed assets +€265,763
up €265,763 (+14.5%), from €1.8m to €2.1m
of which Leasing and similar rights: +€245,358
- Cash -€59,115
down €59,115 (-72.5%), from €81,507 to €22,391
mainly Investment in fixed assets (net) (-€428,920) and Trade debts (-€52,532)
- Stocks and contracts -€26,029
down €26,029 (-91.8%), from €28,362 to €2,333
- Debts after one year +€198,436
up €198,436 (+14.9%), from €1.3m to €1.5m
- Trade debts -€52,532
down €52,532 (-74.8%), from €70,217 to €17,684
- Current portion of long-term debt +€46,496
up €46,496 (+56.2%), from €82,765 to €129,260
- Staff costs -€79,678
down €79,678 (-21.0%), from €379,834 to €300,156
- Depreciation +€69,867
up €69,867 (+74.9%), from €93,289 to €163,157
- Financial income -€68,102
down €68,102 (-77.4%), from €88,026 to €19,925
of which Financial income: -€74,575
- Gross operating margin +€52,924
up €52,924 (+9.7%), from €542,838 to €595,762
- Other operating charges -€48,017
down €48,017 (-48.4%), from €99,125 to €51,108
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 | €2,161,429 | €2,354,696 | +€193,267 | +8.9% |
| Fixed assets | 21/28 | €1,835,898 | €2,101,661 | +€265,763 | +14.5% |
| Tangible fixed assets | 22/27 | €1,834,402 | €2,100,164 | +€265,763 | +14.5% |
| Land and buildings | 22 | €1,641,447 | €1,578,607 | -€62,840 | -3.8% |
| Plant, machinery and equipment | 23 | €14,421 | €49,193 | +€34,772 | +241.1% |
| Furniture and vehicles | 24 | €168,065 | €127,412 | -€40,653 | -24.2% |
| Leasing and similar rights | 25 | - | €245,358 | +€245,358 | |
| Other tangible fixed assets | 26 | €10,469 | €99,594 | +€89,125 | +851.3% |
| Financial fixed assets | 28 | €1,496 | €1,496 | = | 0.0% |
| Current assets | 29/58 | €325,530 | €253,035 | -€72,496 | -22.3% |
| Stocks and contracts in progress | 3 | €28,362 | €2,333 | -€26,029 | -91.8% |
| Stocks | 30/36 | €28,362 | €2,333 | -€26,029 | -91.8% |
| Amounts receivable within one year | 40/41 | €196,565 | €204,505 | +€7,940 | +4.0% |
| Trade receivables | 40 | €160,902 | €168,842 | +€7,940 | +4.9% |
| Other amounts receivable | 41 | €35,664 | €35,664 | = | 0.0% |
| Current investments | 50/53 | €10,156 | €10,535 | +€379 | +3.7% |
| Cash at bank and in hand | 54/58 | €81,507 | €22,391 | -€59,115 | -72.5% |
| Deferred charges and accrued income | 490/1 | €8,940 | €13,270 | +€4,330 | +48.4% |
| Total equity and liabilities | 10/49 | €2,161,429 | €2,354,696 | +€193,267 | +8.9% |
| Equity | 10/15 | €100,109 | €101,100 | +€991 | +1.0% |
| Contributions | 10/11 | €134,000 | €134,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,891 | -€32,900 | +€991 | +2.9% |
| Amounts payable | 17/49 | €2,061,320 | €2,253,596 | +€192,276 | +9.3% |
| Amounts payable after more than one year | 17 | €1,328,579 | €1,527,015 | +€198,436 | +14.9% |
| Financial debts | 170/4 | €1,328,579 | €1,527,015 | +€198,436 | +14.9% |
| Amounts payable within one year | 42/48 | €732,741 | €726,581 | -€6,160 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €82,765 | €129,260 | +€46,496 | +56.2% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €70,217 | €17,684 | -€52,532 | -74.8% |
| Suppliers | 440/4 | €70,217 | €17,684 | -€52,532 | -74.8% |
| Taxes, remuneration and social security | 45 | €49,645 | €50,715 | +€1,070 | +2.2% |
| Taxes | 450/3 | €12,925 | €17,299 | +€4,374 | +33.8% |
| Remuneration and social security | 454/9 | €36,720 | €33,416 | -€3,304 | -9.0% |
| Other amounts payable | 47/48 | €30,114 | €28,921 | -€1,193 | -4.0% |
| Remuneration, social security and pensions | 62 | €379,834 | €300,156 | -€79,678 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,289 | €163,157 | +€69,867 | +74.9% |
| Other operating charges | 640/8 | €99,125 | €51,108 | -€48,017 | -48.4% |
| Gross operating margin | 9900 | €542,838 | €595,762 | +€52,924 | +9.7% |
| Operating profit (loss) | 9901 | -€29,411 | €81,341 | +€110,752 | |
| Financial income | 75/76B | €88,026 | €19,925 | -€68,102 | -77.4% |
| Recurring financial income | 75 | €88,026 | €13,452 | -€74,575 | -84.7% |
| Non-recurring financial income | 76B | - | €6,473 | +€6,473 | |
| Financial charges | 65/66B | €57,433 | €91,242 | +€33,808 | +58.9% |
| Recurring financial charges | 65 | €57,433 | €91,242 | +€33,808 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €1,183 | €10,024 | +€8,842 | +747.7% |
| Income taxes | 67/77 | €101 | €9,034 | +€8,933 | +8874.4% |
| Profit (loss) for the period | 9904 | €1,082 | €991 | -€91 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,082 | €991 | -€91 | -8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.