ILGIN: 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.
ILGIN
Largest movements
- Tangible fixed assets -€202,562
down €202,562 (-56.9%), from €355,775 to €153,213
of which Furniture and vehicles: -€242,166
- Receivables within one year -€89,239
down €89,239 (-15.4%), from €578,411 to €489,172
of which Trade receivables: -€92,636
- Cash +€22,372
up €22,372 (+67.5%), from €33,125 to €55,497
- Trade debts -€226,725
down €226,725 (-46.8%), from €484,484 to €257,759
- Other debts -€62,258
down €62,258 (-56.9%), from €109,379 to €47,121
- Profit (loss) carried forward +€55,866
up €55,866 (+40.5%), from €138,026 to €193,892
- Current portion of long-term debt -€34,062
down €34,062 (-35.8%), from €95,213 to €61,151
- Debts after one year -€16,103
down €16,103 (-16.0%), from €100,808 to €84,705
- Staff costs +€231,027
up €231,027 (+186%), from €124,363 to €355,390
- Gross operating margin +€169,944
up €169,944 (+47.0%), from €361,755 to €531,699
- Write-downs -€95,698
no longer reported in 2024 (was €95,698)
- Depreciation -€28,578
down €28,578 (-26.3%), from €108,548 to €79,970
- Other operating charges -€5,458
down €5,458 (-54.7%), from €9,974 to €4,516
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €968,740 | €701,311 | -€267,429 | -27.6% |
| Fixed assets | 21/28 | €356,275 | €155,713 | -€200,562 | -56.3% |
| Tangible fixed assets | 22/27 | €355,775 | €153,213 | -€202,562 | -56.9% |
| Plant, machinery and equipment | 23 | €2,691 | €6,320 | +€3,629 | +135% |
| Furniture and vehicles | 24 | €305,872 | €63,706 | -€242,166 | -79.2% |
| Leasing and similar rights | 25 | €42,629 | €79,604 | +€36,975 | +86.7% |
| Other tangible fixed assets | 26 | €4,583 | €3,583 | -€1,000 | -21.8% |
| Financial fixed assets | 28 | €500 | €2,500 | +€2,000 | +400% |
| Current assets | 29/58 | €612,465 | €545,597 | -€66,868 | -10.9% |
| Amounts receivable within one year | 40/41 | €578,411 | €489,172 | -€89,239 | -15.4% |
| Trade receivables | 40 | €541,242 | €448,606 | -€92,636 | -17.1% |
| Other amounts receivable | 41 | €37,169 | €40,566 | +€3,397 | +9.1% |
| Cash at bank and in hand | 54/58 | €33,125 | €55,497 | +€22,372 | +67.5% |
| Deferred charges and accrued income | 490/1 | €929 | €929 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €968,740 | €701,311 | -€267,429 | -27.6% |
| Equity | 10/15 | €146,086 | €201,952 | +€55,866 | +38.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,026 | €193,892 | +€55,866 | +40.5% |
| Amounts payable | 17/49 | €822,654 | €499,359 | -€323,295 | -39.3% |
| Amounts payable after more than one year | 17 | €100,808 | €84,705 | -€16,103 | -16.0% |
| Financial debts | 170/4 | €100,808 | €84,705 | -€16,103 | -16.0% |
| Amounts payable within one year | 42/48 | €721,846 | €410,854 | -€310,992 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €95,213 | €61,151 | -€34,062 | -35.8% |
| Trade debts | 44 | €484,484 | €257,759 | -€226,725 | -46.8% |
| Suppliers | 440/4 | €484,484 | €257,759 | -€226,725 | -46.8% |
| Taxes, remuneration and social security | 45 | €32,770 | €44,823 | +€12,053 | +36.8% |
| Taxes | 450/3 | €14,411 | €5,408 | -€9,003 | -62.5% |
| Remuneration and social security | 454/9 | €18,359 | €39,415 | +€21,056 | +115% |
| Other amounts payable | 47/48 | €109,379 | €47,121 | -€62,258 | -56.9% |
| Accrued charges and deferred income | 492/3 | - | €3,801 | +€3,801 | |
| Non-recurring operating income | 76A | €21,183 | €16,957 | -€4,226 | -19.9% |
| Remuneration, social security and pensions | 62 | €124,363 | €355,390 | +€231,027 | +186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,548 | €79,970 | -€28,578 | -26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €95,698 | - | -€95,698 | |
| Other operating charges | 640/8 | €9,974 | €4,516 | -€5,458 | -54.7% |
| Non-recurring operating charges | 66A | - | €50,231 | +€50,231 | |
| Gross operating margin | 9900 | €361,755 | €531,699 | +€169,944 | +47.0% |
| Operating profit (loss) | 9901 | €23,172 | €41,592 | +€18,420 | +79.5% |
| Financial income | 75/76B | €2 | €6 | +€4 | +175% |
| Recurring financial income | 75 | €2 | €6 | +€4 | +175% |
| Financial charges | 65/66B | €7,359 | €8,269 | +€910 | +12.4% |
| Recurring financial charges | 65 | €7,359 | €8,269 | +€910 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €15,815 | €33,329 | +€17,514 | +111% |
| Income taxes | 67/77 | €8,695 | €9,970 | +€1,275 | +14.7% |
| Profit (loss) for the period | 9904 | €7,120 | €23,359 | +€16,239 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €7,120 | €23,359 | +€16,239 | +228% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.