ILDSJEL: 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.
ILDSJEL
Largest movements
- Tangible fixed assets +€210,643
up €210,643 (+604%), from €34,894 to €245,537
of which Land and buildings: +€214,052
- Cash -€12,620
down €12,620 (-48.5%), from €26,031 to €13,411
mainly Investment in fixed assets (net) (-€227,815) and Receivables within one year (-€10,239)
- Receivables within one year +€10,239
up €10,239 (+61.7%), from €16,598 to €26,837
of which Other amounts receivable: +€12,493
- Debts after one year +€185,844
up €185,844 (+977%), from €19,019 to €204,864
- Current portion of long-term debt +€8,224
up €8,224 (+92.4%), from €8,904 to €17,128
- Tax, wage and social debts +€6,114
up €6,114 (+35.2%), from €17,383 to €23,497
- Reserves +€6,073
up €6,073 (+24.6%), from €24,731 to €30,804
- Other operating charges +€22,079
up €22,079 (+1,747%), from €1,264 to €23,343
- Gross operating margin +€17,445
up €17,445 (+43.2%), from €40,400 to €57,845
- Depreciation +€13,049
up €13,049 (+316%), from €4,123 to €17,172
- Financial charges +€4,720
up €4,720 (+547%), from €862 to €5,582
- Taxes -€3,260
down €3,260 (-34.6%), from €9,433 to €6,173
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 | €77,523 | €285,987 | +€208,464 | +269% |
| Fixed assets | 21/28 | €34,894 | €245,537 | +€210,643 | +604% |
| Tangible fixed assets | 22/27 | €34,894 | €245,537 | +€210,643 | +604% |
| Land and buildings | 22 | €6,397 | €220,448 | +€214,052 | +3,346% |
| Furniture and vehicles | 24 | €28,498 | €25,089 | -€3,409 | -12.0% |
| Current assets | 29/58 | €42,629 | €40,450 | -€2,179 | -5.1% |
| Amounts receivable within one year | 40/41 | €16,598 | €26,837 | +€10,239 | +61.7% |
| Trade receivables | 40 | €16,111 | €13,857 | -€2,253 | -14.0% |
| Other amounts receivable | 41 | €487 | €12,980 | +€12,493 | +2,565% |
| Cash at bank and in hand | 54/58 | €26,031 | €13,411 | -€12,620 | -48.5% |
| Deferred charges and accrued income | 490/1 | - | €202 | +€202 | |
| Total equity and liabilities | 10/49 | €77,523 | €285,987 | +€208,464 | +269% |
| Equity | 10/15 | €29,731 | €35,804 | +€6,073 | +20.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,731 | €30,804 | +€6,073 | +24.6% |
| Distributable reserves | 133 | €24,731 | €30,804 | +€6,073 | +24.6% |
| Amounts payable | 17/49 | €47,792 | €250,183 | +€202,391 | +423% |
| Amounts payable after more than one year | 17 | €19,019 | €204,864 | +€185,844 | +977% |
| Financial debts | 170/4 | €19,019 | €204,864 | +€185,844 | +977% |
| Amounts payable within one year | 42/48 | €27,722 | €45,319 | +€17,597 | +63.5% |
| Current portion of amounts payable after more than one year | 42 | €8,904 | €17,128 | +€8,224 | +92.4% |
| Trade debts | 44 | €1,435 | €3,605 | +€2,170 | +151% |
| Suppliers | 440/4 | €1,435 | €3,605 | +€2,170 | +151% |
| Advances received on contracts in progress | 46 | - | €1,089 | +€1,089 | |
| Taxes, remuneration and social security | 45 | €17,383 | €23,497 | +€6,114 | +35.2% |
| Taxes | 450/3 | €17,383 | €23,497 | +€6,114 | +35.2% |
| Accrued charges and deferred income | 492/3 | €1,050 | €0 | -€1,050 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,123 | €17,172 | +€13,049 | +316% |
| Other operating charges | 640/8 | €1,264 | €23,343 | +€22,079 | +1,747% |
| Gross operating margin | 9900 | €40,400 | €57,845 | +€17,445 | +43.2% |
| Operating profit (loss) | 9901 | €35,013 | €17,330 | -€17,683 | -50.5% |
| Financial income | 75/76B | €14 | €499 | +€485 | +3,595% |
| Recurring financial income | 75 | €14 | €499 | +€485 | +3,595% |
| Financial charges | 65/66B | €862 | €5,582 | +€4,720 | +547% |
| Recurring financial charges | 65 | €862 | €5,582 | +€4,720 | +547% |
| Profit (loss) for the period before taxes | 9903 | €34,164 | €12,246 | -€21,918 | -64.2% |
| Income taxes | 67/77 | €9,433 | €6,173 | -€3,260 | -34.6% |
| Profit (loss) for the period | 9904 | €24,731 | €6,073 | -€18,658 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,731 | €6,073 | -€18,658 | -75.4% |
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 14 October 2026 via checked.be.