ILFERO: 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.
ILFERO
Largest movements
- Cash +€12,163
up €12,163 (+111.4%), from €10,916 to €23,078
mainly Net result for the year (+€5,380) and Depreciation (+€3,379)
- Tangible fixed assets -€3,379
down €3,379 (-21.8%), from €15,487 to €12,108
- Receivables within one year +€1,336
up €1,336 (+8.5%), from €15,708 to €17,044
of which Trade receivables: +€3,727
- Profit (loss) carried forward +€5,380
up €5,380 (+27.0%), from €19,892 to €25,272
- Other debts +€2,747
up €2,747 (+29.4%), from €9,341 to €12,088
- Tax, wage and social debts +€1,591
up €1,591 (+37.6%), from €4,229 to €5,820
- Gross operating margin +€10,608
up €10,608 (+6737.6%), from €157 to €10,765
- Depreciation +€1,971
up €1,971 (+140.0%), from €1,408 to €3,379
- Taxes +€1,476
up €1,476 (+1649.5%), from €90 to €1,566
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 | €42,212 | €52,327 | +€10,115 | +24.0% |
| Fixed assets | 21/28 | €15,487 | €12,108 | -€3,379 | -21.8% |
| Tangible fixed assets | 22/27 | €15,487 | €12,108 | -€3,379 | -21.8% |
| Furniture and vehicles | 24 | €15,487 | €12,108 | -€3,379 | -21.8% |
| Current assets | 29/58 | €26,725 | €40,219 | +€13,494 | +50.5% |
| Amounts receivable within one year | 40/41 | €15,708 | €17,044 | +€1,336 | +8.5% |
| Trade receivables | 40 | €11,547 | €15,275 | +€3,727 | +32.3% |
| Other amounts receivable | 41 | €4,160 | €1,769 | -€2,391 | -57.5% |
| Cash at bank and in hand | 54/58 | €10,916 | €23,078 | +€12,163 | +111.4% |
| Deferred charges and accrued income | 490/1 | €101 | €97 | -€4 | -4.4% |
| Total equity and liabilities | 10/49 | €42,212 | €52,327 | +€10,115 | +24.0% |
| Equity | 10/15 | €27,952 | €33,332 | +€5,380 | +19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,892 | €25,272 | +€5,380 | +27.0% |
| Amounts payable | 17/49 | €14,259 | €18,994 | +€4,735 | +33.2% |
| Amounts payable within one year | 42/48 | €14,259 | €18,994 | +€4,735 | +33.2% |
| Trade debts | 44 | €690 | €1,086 | +€396 | +57.5% |
| Suppliers | 440/4 | €690 | €1,086 | +€396 | +57.5% |
| Taxes, remuneration and social security | 45 | €4,229 | €5,820 | +€1,591 | +37.6% |
| Taxes | 450/3 | €4,229 | €5,820 | +€1,591 | +37.6% |
| Other amounts payable | 47/48 | €9,341 | €12,088 | +€2,747 | +29.4% |
| Non-recurring operating income | 76A | €1,357 | - | -€1,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,408 | €3,379 | +€1,971 | +140.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €157 | €10,765 | +€10,608 | +6737.6% |
| Operating profit (loss) | 9901 | -€1,638 | €6,986 | +€8,624 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €44 | €41 | -€3 | -6.9% |
| Recurring financial charges | 65 | €44 | €41 | -€3 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,681 | €6,946 | +€8,627 | |
| Income taxes | 67/77 | €90 | €1,566 | +€1,476 | +1649.5% |
| Profit (loss) for the period | 9904 | -€1,771 | €5,380 | +€7,151 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,771 | €5,380 | +€7,151 |
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.