ILENCO: 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.
ILENCO
Largest movements
- Cash +€611,274
up €611,274 (+371.4%), from €164,596 to €775,870
mainly Net result for the year (+€754,176) and Depreciation (+€89,409)
- Tangible fixed assets +€94,120
up €94,120 (+5.6%), from €1.7m to €1.8m
of which Furniture and vehicles: +€105,296
- Reserves +€754,176
up €754,176 (+19.6%), from €3.8m to €4.6m
- Debts after one year -€135,000
down €135,000 (-11.1%), from €1.2m to €1.1m
- Trade debts +€79,013
new in 2025: €79,013
- Financial income +€623,318
up €623,318 (+4447.4%), from €14,015 to €637,334
of which Financial income: +€637,222
- Gross operating margin +€208,339
up €208,339 (+83.2%), from €250,297 to €458,636
- Taxes +€85,155
up €85,155 (+125.2%), from €68,005 to €153,159
- Depreciation +€48,213
up €48,213 (+117.0%), from €41,196 to €89,409
- Write-downs +€47,790
new in 2025: €47,790
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 | €5,532,362 | €6,255,091 | +€722,730 | +13.1% |
| Fixed assets | 21/28 | €5,272,452 | €5,366,572 | +€94,120 | +1.8% |
| Tangible fixed assets | 22/27 | €1,667,430 | €1,761,550 | +€94,120 | +5.6% |
| Land and buildings | 22 | €1,521,014 | €1,428,736 | -€92,279 | -6.1% |
| Plant, machinery and equipment | 23 | - | €1,103 | +€1,103 | |
| Furniture and vehicles | 24 | €146,416 | €251,712 | +€105,296 | +71.9% |
| Assets under construction and advance payments | 27 | - | €80,000 | +€80,000 | |
| Financial fixed assets | 28 | €3,605,022 | €3,605,022 | = | 0.0% |
| Current assets | 29/58 | €259,910 | €888,520 | +€628,610 | +241.9% |
| Amounts receivable within one year | 40/41 | €95,314 | €109,955 | +€14,642 | +15.4% |
| Trade receivables | 40 | €33,319 | €34,981 | +€1,663 | +5.0% |
| Other amounts receivable | 41 | €61,995 | €74,974 | +€12,979 | +20.9% |
| Cash at bank and in hand | 54/58 | €164,596 | €775,870 | +€611,274 | +371.4% |
| Deferred charges and accrued income | 490/1 | - | €2,694 | +€2,694 | |
| Total equity and liabilities | 10/49 | €5,532,362 | €6,255,091 | +€722,730 | +13.1% |
| Equity | 10/15 | €4,024,081 | €4,778,256 | +€754,176 | +18.7% |
| Contributions | 10/11 | €176,500 | €176,500 | = | 0.0% |
| Reserves | 13 | €3,847,581 | €4,601,756 | +€754,176 | +19.6% |
| Distributable reserves | 133 | €3,847,581 | €4,601,756 | +€754,176 | +19.6% |
| Amounts payable | 17/49 | €1,508,281 | €1,476,835 | -€31,446 | -2.1% |
| Amounts payable after more than one year | 17 | €1,215,000 | €1,080,000 | -€135,000 | -11.1% |
| Financial debts | 170/4 | €1,215,000 | €1,080,000 | -€135,000 | -11.1% |
| Amounts payable within one year | 42/48 | €293,281 | €396,835 | +€103,554 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €135,000 | €135,000 | = | 0.0% |
| Trade debts | 44 | - | €79,013 | +€79,013 | |
| Suppliers | 440/4 | - | €79,013 | +€79,013 | |
| Taxes, remuneration and social security | 45 | €87,476 | €111,392 | +€23,915 | +27.3% |
| Taxes | 450/3 | €83,476 | €107,392 | +€23,915 | +28.6% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €70,805 | €71,431 | +€625 | +0.9% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €1,955 | €0 | -€1,955 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,196 | €89,409 | +€48,213 | +117.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €47,790 | +€47,790 | |
| Other operating charges | 640/8 | €2,795 | €14,833 | +€12,038 | +430.8% |
| Gross operating margin | 9900 | €250,297 | €458,636 | +€208,339 | +83.2% |
| Operating profit (loss) | 9901 | €204,351 | €306,605 | +€102,254 | +50.0% |
| Financial income | 75/76B | €14,015 | €637,334 | +€623,318 | +4447.4% |
| Recurring financial income | 75 | €112 | €637,334 | +€637,222 | +570272.0% |
| Non-recurring financial income | 76B | €13,904 | - | -€13,904 | |
| Financial charges | 65/66B | €3,388 | €36,603 | +€33,215 | +980.3% |
| Recurring financial charges | 65 | €3,388 | €36,603 | +€33,215 | +980.3% |
| Profit (loss) for the period before taxes | 9903 | €214,978 | €907,335 | +€692,357 | +322.1% |
| Income taxes | 67/77 | €68,005 | €153,159 | +€85,155 | +125.2% |
| Profit (loss) for the period | 9904 | €146,974 | €754,176 | +€607,202 | +413.1% |
| Profit (loss) for the period to be appropriated | 9905 | €146,974 | €754,176 | +€607,202 | +413.1% |
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 8 October 2026 via checked.be.