ILGE Subscription Management: 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.
ILGE Subscription Management
Largest movements
- Receivables within one year +€455,099
up €455,099 (+23.6%), from €1.9m to €2.4m
of which Trade receivables: +€492,403
- Cash +€182,047
up €182,047 (+879%), from €20,707 to €202,754
mainly Trade debts (+€256,356) and Other debts (+€250,000)
- Financial fixed assets -€46,091
down €46,091 (-36.8%), from €125,348 to €79,257
- Trade debts +€256,356
up €256,356 (+8.4%), from €3.0m to €3.3m
- Other debts +€250,000
up €250,000 (+167%), from €150,000 to €400,000
- Profit (loss) carried forward +€71,970
up €71,970 (+53.5%), from €134,427 to €206,398
- Staff costs +€9,178
up €9,178 (+8.6%), from €106,978 to €116,156
- Gross operating margin -€5,408
down €5,408 (-2.2%), from €246,939 to €241,530
- Taxes -€4,612
down €4,612 (-14.4%), from €32,077 to €27,465
- Financial income +€3,832
up €3,832 (+224%), from €1,713 to €5,545
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,921,248 | €4,496,060 | +€574,813 | +14.7% |
| Fixed assets | 21/28 | €152,052 | €94,017 | -€58,035 | -38.2% |
| Tangible fixed assets | 22/27 | €26,704 | €14,760 | -€11,944 | -44.7% |
| Furniture and vehicles | 24 | €26,704 | €14,760 | -€11,944 | -44.7% |
| Financial fixed assets | 28 | €125,348 | €79,257 | -€46,091 | -36.8% |
| Current assets | 29/58 | €3,769,195 | €4,402,043 | +€632,847 | +16.8% |
| Amounts receivable within one year | 40/41 | €1,926,482 | €2,381,581 | +€455,099 | +23.6% |
| Trade receivables | 40 | €1,789,173 | €2,281,576 | +€492,403 | +27.5% |
| Other amounts receivable | 41 | €137,309 | €100,005 | -€37,304 | -27.2% |
| Cash at bank and in hand | 54/58 | €20,707 | €202,754 | +€182,047 | +879% |
| Deferred charges and accrued income | 490/1 | €1,822,006 | €1,817,708 | -€4,298 | -0.2% |
| Total equity and liabilities | 10/49 | €3,921,248 | €4,496,060 | +€574,813 | +14.7% |
| Equity | 10/15 | €637,887 | €709,858 | +€71,970 | +11.3% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €284,860 | €284,860 | = | 0.0% |
| Distributable reserves | 133 | €284,860 | €284,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,427 | €206,398 | +€71,970 | +53.5% |
| Amounts payable | 17/49 | €3,283,360 | €3,786,202 | +€502,842 | +15.3% |
| Amounts payable after more than one year | 17 | €9,368 | €1,347 | -€8,021 | -85.6% |
| Financial debts | 170/4 | €9,368 | €1,347 | -€8,021 | -85.6% |
| Amounts payable within one year | 42/48 | €3,273,992 | €3,784,856 | +€510,864 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €7,920 | €8,021 | +€102 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,042,152 | €3,298,508 | +€256,356 | +8.4% |
| Suppliers | 440/4 | €3,042,152 | €3,298,508 | +€256,356 | +8.4% |
| Taxes, remuneration and social security | 45 | €73,920 | €78,326 | +€4,406 | +6.0% |
| Taxes | 450/3 | €54,577 | €64,501 | +€9,924 | +18.2% |
| Remuneration and social security | 454/9 | €19,343 | €13,825 | -€5,518 | -28.5% |
| Other amounts payable | 47/48 | €150,000 | €400,000 | +€250,000 | +167% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €106,978 | €116,156 | +€9,178 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,767 | €11,944 | +€2,176 | +22.3% |
| Other operating charges | 640/8 | €2,754 | €2,456 | -€298 | -10.8% |
| Gross operating margin | 9900 | €246,939 | €241,530 | -€5,408 | -2.2% |
| Operating profit (loss) | 9901 | €127,440 | €110,974 | -€16,465 | -12.9% |
| Financial income | 75/76B | €1,713 | €5,545 | +€3,832 | +224% |
| Recurring financial income | 75 | €1,713 | €5,545 | +€3,832 | +224% |
| Financial charges | 65/66B | €16,619 | €17,084 | +€465 | +2.8% |
| Recurring financial charges | 65 | €16,619 | €17,084 | +€465 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €112,533 | €99,435 | -€13,098 | -11.6% |
| Income taxes | 67/77 | €32,077 | €27,465 | -€4,612 | -14.4% |
| Profit (loss) for the period | 9904 | €80,456 | €71,970 | -€8,486 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,456 | €71,970 | -€8,486 | -10.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.