ILFV cardio: 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.
ILFV cardio
Largest movements
- Cash +€114,886
up €114,886 (+380%), from €30,209 to €145,095
mainly Net result for the year (+€136,698) and Tax, wage and social debts (+€48,130)
- Current investments +€70,000
new in 2025: €70,000
- Deferred charges and accrued income -€3,310
down €3,310 (-16.1%), from €20,608 to €17,297
- Reserves +€135,865
up €135,865 (+372%), from €36,561 to €172,426
- Tax, wage and social debts +€48,130
up €48,130 (+501%), from €9,613 to €57,742
- Gross operating margin +€144,724
up €144,724 (+292%), from €49,489 to €194,213
- Taxes +€48,147
up €48,147 (+515%), from €9,355 to €57,502
- Depreciation -€2,714
no longer reported in 2025 (was €2,714)
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 | €50,817 | €234,643 | +€183,826 | +362% |
| Current assets | 29/58 | €50,817 | €234,643 | +€183,826 | +362% |
| Amounts receivable within one year | 40/41 | - | €2,250 | +€2,250 | |
| Trade receivables | 40 | - | €2,250 | +€2,250 | |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €30,209 | €145,095 | +€114,886 | +380% |
| Deferred charges and accrued income | 490/1 | €20,608 | €17,297 | -€3,310 | -16.1% |
| Total equity and liabilities | 10/49 | €50,817 | €234,643 | +€183,826 | +362% |
| Equity | 10/15 | €39,561 | €175,426 | +€135,865 | +343% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,561 | €172,426 | +€135,865 | +372% |
| Distributable reserves | 133 | €36,561 | €172,426 | +€135,865 | +372% |
| Amounts payable | 17/49 | €11,256 | €59,216 | +€47,961 | +426% |
| Amounts payable within one year | 42/48 | €11,256 | €59,216 | +€47,961 | +426% |
| Trade debts | 44 | €492 | €891 | +€399 | +81.2% |
| Suppliers | 440/4 | €492 | €891 | +€399 | +81.2% |
| Taxes, remuneration and social security | 45 | €9,613 | €57,742 | +€48,130 | +501% |
| Taxes | 450/3 | €9,613 | €57,742 | +€48,130 | +501% |
| Other amounts payable | 47/48 | €1,151 | €583 | -€568 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,714 | - | -€2,714 | |
| Gross operating margin | 9900 | €49,489 | €194,213 | +€144,724 | +292% |
| Operating profit (loss) | 9901 | €46,775 | €194,213 | +€147,438 | +315% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | €46,775 | €194,200 | +€147,425 | +315% |
| Income taxes | 67/77 | €9,355 | €57,502 | +€48,147 | +515% |
| Profit (loss) for the period | 9904 | €37,420 | €136,698 | +€99,278 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €37,420 | €136,698 | +€99,278 | +265% |
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 16 October 2026 via checked.be.