ILFATEC: 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.
ILFATEC
Largest movements
- Cash +€101,226
up €101,226 (+114%), from €88,606 to €189,832
mainly Receivables within one year (+€58,193) and Depreciation (+€30,064)
- Receivables within one year -€58,193
down €58,193 (-73.2%), from €79,471 to €21,278
of which Trade receivables: -€58,658
- Deferred charges and accrued income +€6,228
up €6,228 (+180%), from €3,462 to €9,690
- Tangible fixed assets -€5,018
down €5,018 (-2.6%), from €193,774 to €188,756
of which Land and buildings: -€6,236
- Reserves +€26,048
up €26,048 (+13.6%), from €191,615 to €217,662
of which Distributable reserves: +€26,048
- Tax, wage and social debts +€23,591
up €23,591 (+415%), from €5,688 to €29,280
of which Remuneration and social security: +€16,482
- Debts after one year -€15,701
down €15,701 (-18.4%), from €85,553 to €69,852
- Trade debts +€11,900
up €11,900 (+79.2%), from €15,018 to €26,918
- Gross operating margin -€16,012
down €16,012 (-15.5%), from €103,603 to €87,591
- Taxes -€10,529
down €10,529 (-32.8%), from €32,094 to €21,564
- Depreciation +€9,483
up €9,483 (+46.1%), from €20,580 to €30,064
- Financial charges +€1,860
up €1,860 (+42.6%), from €4,368 to €6,228
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 | €368,932 | €413,470 | +€44,538 | +12.1% |
| Fixed assets | 21/28 | €193,844 | €188,826 | -€5,018 | -2.6% |
| Tangible fixed assets | 22/27 | €193,774 | €188,756 | -€5,018 | -2.6% |
| Land and buildings | 22 | €142,793 | €136,557 | -€6,236 | -4.4% |
| Plant, machinery and equipment | 23 | €5,118 | €3,990 | -€1,127 | -22.0% |
| Furniture and vehicles | 24 | €45,863 | €48,208 | +€2,345 | +5.1% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €175,089 | €224,645 | +€49,556 | +28.3% |
| Amounts receivable within one year | 40/41 | €79,471 | €21,278 | -€58,193 | -73.2% |
| Trade receivables | 40 | €70,269 | €11,611 | -€58,658 | -83.5% |
| Other amounts receivable | 41 | €9,202 | €9,667 | +€465 | +5.1% |
| Current investments | 50/53 | €3,550 | €3,844 | +€295 | +8.3% |
| Cash at bank and in hand | 54/58 | €88,606 | €189,832 | +€101,226 | +114% |
| Deferred charges and accrued income | 490/1 | €3,462 | €9,690 | +€6,228 | +180% |
| Total equity and liabilities | 10/49 | €368,932 | €413,470 | +€44,538 | +12.1% |
| Equity | 10/15 | €197,815 | €223,862 | +€26,048 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €191,615 | €217,662 | +€26,048 | +13.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,934 | €7,934 | = | 0.0% |
| Distributable reserves | 133 | €181,821 | €207,868 | +€26,048 | +14.3% |
| Amounts payable | 17/49 | €171,117 | €189,608 | +€18,490 | +10.8% |
| Amounts payable after more than one year | 17 | €85,553 | €69,852 | -€15,701 | -18.4% |
| Financial debts | 170/4 | €85,553 | €69,852 | -€15,701 | -18.4% |
| Amounts payable within one year | 42/48 | €85,090 | €119,268 | +€34,178 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €20,488 | €19,494 | -€994 | -4.8% |
| Trade debts | 44 | €15,018 | €26,918 | +€11,900 | +79.2% |
| Suppliers | 440/4 | €15,018 | €26,918 | +€11,900 | +79.2% |
| Advances received on contracts in progress | 46 | €8,607 | €8,607 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,688 | €29,280 | +€23,591 | +415% |
| Taxes | 450/3 | €4,753 | €11,863 | +€7,110 | +150% |
| Remuneration and social security | 454/9 | €935 | €17,417 | +€16,482 | +1,763% |
| Other amounts payable | 47/48 | €35,289 | €34,970 | -€320 | -0.9% |
| Accrued charges and deferred income | 492/3 | €474 | €487 | +€13 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,580 | €30,064 | +€9,483 | +46.1% |
| Other operating charges | 640/8 | €2,848 | €2,626 | -€222 | -7.8% |
| Gross operating margin | 9900 | €103,603 | €87,591 | -€16,012 | -15.5% |
| Operating profit (loss) | 9901 | €80,174 | €54,901 | -€25,273 | -31.5% |
| Financial income | 75/76B | €1,227 | €605 | -€622 | -50.7% |
| Recurring financial income | 75 | €1,227 | €605 | -€622 | -50.7% |
| Financial charges | 65/66B | €4,368 | €6,228 | +€1,860 | +42.6% |
| Recurring financial charges | 65 | €4,368 | €6,228 | +€1,860 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €77,033 | €49,278 | -€27,755 | -36.0% |
| Income taxes | 67/77 | €32,094 | €21,564 | -€10,529 | -32.8% |
| Profit (loss) for the period | 9904 | €44,939 | €27,714 | -€17,226 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,939 | €27,714 | -€17,226 | -38.3% |
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 13 October 2026 via checked.be.