ILEX: 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.
ILEX
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+81.6%), from €2.0m to €3.6m
- Financial fixed assets +€988,137
up €988,137 (+21.2%), from €4.7m to €5.6m
- Cash -€153,783
down €153,783 (-78.8%), from €195,201 to €41,418
mainly Receivables within one year (-€1.6m) and Investment in fixed assets (net) (-€988,137)
- Contributions +€2.4m
up €2.4m (+36.6%), from €6.4m to €8.8m
- Debts after one year +€683,000
new in 2025: €683,000
- Current portion of long-term debt -€504,429
down €504,429 (-94.6%), from €533,000 to €28,571
- Financial charges -€84,700
down €84,700 (-73.7%), from €114,860 to €30,160
- Gross operating margin +€71,537
up €71,537, from -€46,568 to €24,969
- Other operating charges +€44,021
up €44,021 (+3734.9%), from €1,179 to €45,199
- Financial income +€25,275
up €25,275 (+43.2%), from €58,488 to €83,763
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 | €6,899,802 | €9,406,999 | +€2.5m | +36.3% |
| Formation expenses | 20 | €3,880 | €2,034 | -€1,847 | -47.6% |
| Fixed assets | 21/28 | €4,656,618 | €5,644,755 | +€988,137 | +21.2% |
| Financial fixed assets | 28 | €4,656,618 | €5,644,755 | +€988,137 | +21.2% |
| Current assets | 29/58 | €2,239,304 | €3,760,211 | +€1.5m | +67.9% |
| Amounts receivable within one year | 40/41 | €1,987,868 | €3,610,527 | +€1.6m | +81.6% |
| Other amounts receivable | 41 | €1,987,868 | €3,610,527 | +€1.6m | +81.6% |
| Cash at bank and in hand | 54/58 | €195,201 | €41,418 | -€153,783 | -78.8% |
| Deferred charges and accrued income | 490/1 | €56,235 | €108,265 | +€52,030 | +92.5% |
| Total equity and liabilities | 10/49 | €6,899,802 | €9,406,999 | +€2.5m | +36.3% |
| Equity | 10/15 | €6,206,107 | €8,587,634 | +€2.4m | +38.4% |
| Contributions | 10/11 | €6,416,660 | €8,766,660 | +€2.4m | +36.6% |
| Capital | 10 | €6,416,660 | €8,766,660 | +€2.4m | +36.6% |
| Issued capital | 100 | €6,416,660 | €8,766,660 | +€2.4m | +36.6% |
| Profit (loss) carried forward | 14 | -€210,553 | -€179,026 | +€31,527 | +15.0% |
| Amounts payable | 17/49 | €693,695 | €819,365 | +€125,671 | +18.1% |
| Amounts payable after more than one year | 17 | - | €683,000 | +€683,000 | |
| Financial debts | 170/4 | - | €683,000 | +€683,000 | |
| Amounts payable within one year | 42/48 | €682,748 | €130,947 | -€551,800 | -80.8% |
| Current portion of amounts payable after more than one year | 42 | €533,000 | €28,571 | -€504,429 | -94.6% |
| Trade debts | 44 | €27,300 | - | -€27,300 | |
| Suppliers | 440/4 | €27,300 | - | -€27,300 | |
| Taxes, remuneration and social security | 45 | €12,286 | - | -€12,286 | |
| Taxes | 450/3 | €12,286 | - | -€12,286 | |
| Other amounts payable | 47/48 | €110,162 | €102,376 | -€7,786 | -7.1% |
| Accrued charges and deferred income | 492/3 | €10,947 | €5,418 | -€5,529 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,847 | €1,847 | = | 0.0% |
| Other operating charges | 640/8 | €1,179 | €45,199 | +€44,021 | +3734.9% |
| Gross operating margin | 9900 | -€46,568 | €24,969 | +€71,537 | |
| Operating profit (loss) | 9901 | -€49,593 | -€22,076 | +€27,517 | +55.5% |
| Financial income | 75/76B | €58,488 | €83,763 | +€25,275 | +43.2% |
| Recurring financial income | 75 | €58,488 | €83,763 | +€25,275 | +43.2% |
| Financial charges | 65/66B | €114,860 | €30,160 | -€84,700 | -73.7% |
| Recurring financial charges | 65 | €114,860 | €30,160 | -€84,700 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | -€105,966 | €31,527 | +€137,492 | |
| Profit (loss) for the period | 9904 | -€105,966 | €31,527 | +€137,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,966 | €31,527 | +€137,492 |
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 11 October 2026 via checked.be.