ILENVEST: 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.
ILENVEST
Largest movements
- Cash +€65,986
up €65,986 (+53.4%), from €123,562 to €189,547
mainly Debts after one year (+€145,638) and Other debts (+€102,519)
- Tangible fixed assets +€51,849
up €51,849 (+8.0%), from €644,984 to €696,833
- Receivables within one year -€22,202
down €22,202 (-91.5%), from €24,273 to €2,071
- Trade debts -€186,988
down €186,988 (-98.3%), from €190,288 to €3,300
- Debts after one year +€145,638
new in 2025: €145,638
- Other debts +€102,519
new in 2025: €102,519
- Current portion of long-term debt +€28,861
new in 2025: €28,861
- Depreciation +€26,006
up €26,006 (+279%), from €9,334 to €35,339
- Gross operating margin -€6,905
down €6,905 (-11.6%), from €59,427 to €52,522
- Financial charges +€5,331
up €5,331 (+8,206%), from €65 to €5,396
- Taxes -€3,486
down €3,486 (-87.3%), from €3,996 to €509
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 | €792,819 | €888,451 | +€95,633 | +12.1% |
| Fixed assets | 21/28 | €644,984 | €696,833 | +€51,849 | +8.0% |
| Tangible fixed assets | 22/27 | €644,984 | €696,833 | +€51,849 | +8.0% |
| Land and buildings | 22 | €644,984 | €696,833 | +€51,849 | +8.0% |
| Current assets | 29/58 | €147,834 | €191,619 | +€43,784 | +29.6% |
| Amounts receivable within one year | 40/41 | €24,273 | €2,071 | -€22,202 | -91.5% |
| Other amounts receivable | 41 | €24,273 | €2,071 | -€22,202 | -91.5% |
| Cash at bank and in hand | 54/58 | €123,562 | €189,547 | +€65,986 | +53.4% |
| Total equity and liabilities | 10/49 | €792,819 | €888,451 | +€95,633 | +12.1% |
| Equity | 10/15 | €598,534 | €603,628 | +€5,093 | +0.9% |
| Contributions | 10/11 | €143,059 | €143,059 | = | 0.0% |
| Reserves | 13 | €455,475 | €460,568 | +€5,093 | +1.1% |
| Distributable reserves | 133 | €455,475 | €460,568 | +€5,093 | +1.1% |
| Amounts payable | 17/49 | €194,284 | €284,823 | +€90,539 | +46.6% |
| Amounts payable after more than one year | 17 | - | €145,638 | +€145,638 | |
| Financial debts | 170/4 | - | €145,638 | +€145,638 | |
| Amounts payable within one year | 42/48 | €194,284 | €139,185 | -€55,099 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | - | €28,861 | +€28,861 | |
| Trade debts | 44 | €190,288 | €3,300 | -€186,988 | -98.3% |
| Suppliers | 440/4 | €190,288 | €3,300 | -€186,988 | -98.3% |
| Taxes, remuneration and social security | 45 | €3,996 | €4,505 | +€509 | +12.7% |
| Taxes | 450/3 | €3,996 | €4,505 | +€509 | +12.7% |
| Other amounts payable | 47/48 | - | €102,519 | +€102,519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,334 | €35,339 | +€26,006 | +279% |
| Other operating charges | 640/8 | €6,149 | €6,184 | +€35 | +0.6% |
| Gross operating margin | 9900 | €59,427 | €52,522 | -€6,905 | -11.6% |
| Operating profit (loss) | 9901 | €43,944 | €10,998 | -€32,946 | -75.0% |
| Financial income | 75/76B | €74 | €0 | -€74 | -100% |
| Recurring financial income | 75 | €74 | €0 | -€74 | -100% |
| Financial charges | 65/66B | €65 | €5,396 | +€5,331 | +8,206% |
| Recurring financial charges | 65 | €65 | €5,396 | +€5,331 | +8,206% |
| Profit (loss) for the period before taxes | 9903 | €43,954 | €5,603 | -€38,351 | -87.3% |
| Income taxes | 67/77 | €3,996 | €509 | -€3,486 | -87.3% |
| Profit (loss) for the period | 9904 | €39,958 | €5,093 | -€34,865 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,958 | €5,093 | -€34,865 | -87.3% |
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 15 October 2026 via checked.be.