ILIAD SOLUTIONS: 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.
ILIAD SOLUTIONS
Largest movements
- Current investments -€319,949
down €319,949 (-50.7%), from €630,715 to €310,766
- Receivables within one year +€41,856
up €41,856 (+118%), from €35,384 to €77,240
of which Other amounts receivable: +€44,440
- Tangible fixed assets +€22,344
up €22,344 (+4.3%), from €518,807 to €541,151
of which Furniture and vehicles: +€38,190
- Cash +€12,090
up €12,090 (+90.6%), from €13,351 to €25,441
mainly Current investments (+€319,949) and Depreciation (+€16,012)
- Debts after one year -€91,014
no longer reported in 2025 (was €91,014)
- Other debts -€65,520
down €65,520 (-81.3%), from €80,565 to €15,045
- Current portion of long-term debt -€58,350
no longer reported in 2025 (was €58,350)
- Provisions -€11,994
no longer reported in 2025 (was €11,994)
- Gross operating margin +€74,808
up €74,808 (+74.0%), from -€101,046 to -€26,238
- Financial income -€49,896
down €49,896 (-40.8%), from €122,184 to €72,288
- Staff costs +€13,419
new in 2025: €13,419
- Financial charges +€9,029
up €9,029 (+60.0%), from €15,058 to €24,087
- Taxes -€1,079
down €1,079 (-87.9%), from €1,228 to €149
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 | €1,198,372 | €955,838 | -€242,534 | -20.2% |
| Fixed assets | 21/28 | €518,832 | €541,176 | +€22,344 | +4.3% |
| Tangible fixed assets | 22/27 | €518,807 | €541,151 | +€22,344 | +4.3% |
| Land and buildings | 22 | €518,789 | €502,943 | -€15,846 | -3.1% |
| Furniture and vehicles | 24 | €18 | €38,208 | +€38,190 | +212,167% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €679,540 | €414,662 | -€264,878 | -39.0% |
| Amounts receivable within one year | 40/41 | €35,384 | €77,240 | +€41,856 | +118% |
| Trade receivables | 40 | €2,735 | €151 | -€2,584 | -94.5% |
| Other amounts receivable | 41 | €32,649 | €77,089 | +€44,440 | +136% |
| Current investments | 50/53 | €630,715 | €310,766 | -€319,949 | -50.7% |
| Cash at bank and in hand | 54/58 | €13,351 | €25,441 | +€12,090 | +90.6% |
| Deferred charges and accrued income | 490/1 | €90 | €1,215 | +€1,125 | +1,250% |
| Total equity and liabilities | 10/49 | €1,198,372 | €955,838 | -€242,534 | -20.2% |
| Equity | 10/15 | €924,875 | €914,513 | -€10,362 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €936,790 | €936,790 | = | 0.0% |
| Distributable reserves | 133 | €936,790 | €936,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,515 | -€40,877 | -€10,362 | -34.0% |
| Provisions and deferred taxes | 16 | €11,994 | - | -€11,994 | |
| Provisions for liabilities and charges | 160/5 | €11,994 | - | -€11,994 | |
| Other liabilities and charges | 164/5 | €11,994 | - | -€11,994 | |
| Amounts payable | 17/49 | €261,503 | €41,325 | -€220,178 | -84.2% |
| Amounts payable after more than one year | 17 | €91,014 | - | -€91,014 | |
| Financial debts | 170/4 | €91,014 | - | -€91,014 | |
| Amounts payable within one year | 42/48 | €152,736 | €27,295 | -€125,441 | -82.1% |
| Current portion of amounts payable after more than one year | 42 | €58,350 | - | -€58,350 | |
| Trade debts | 44 | €1,975 | - | -€1,975 | |
| Suppliers | 440/4 | €1,975 | - | -€1,975 | |
| Taxes, remuneration and social security | 45 | €11,846 | €12,250 | +€404 | +3.4% |
| Taxes | 450/3 | €11,846 | €12,250 | +€404 | +3.4% |
| Other amounts payable | 47/48 | €80,565 | €15,045 | -€65,520 | -81.3% |
| Accrued charges and deferred income | 492/3 | €17,753 | €14,030 | -€3,723 | -21.0% |
| Remuneration, social security and pensions | 62 | - | €13,419 | +€13,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,034 | €16,012 | -€22 | -0.1% |
| Other operating charges | 640/8 | €2,353 | €2,745 | +€392 | +16.7% |
| Gross operating margin | 9900 | -€101,046 | -€26,238 | +€74,808 | +74.0% |
| Operating profit (loss) | 9901 | -€119,433 | -€58,414 | +€61,019 | +51.1% |
| Financial income | 75/76B | €122,184 | €72,288 | -€49,896 | -40.8% |
| Recurring financial income | 75 | €122,184 | €72,288 | -€49,896 | -40.8% |
| Financial charges | 65/66B | €15,058 | €24,087 | +€9,029 | +60.0% |
| Recurring financial charges | 65 | €15,058 | €24,087 | +€9,029 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,307 | -€10,213 | +€2,094 | +17.0% |
| Income taxes | 67/77 | €1,228 | €149 | -€1,079 | -87.9% |
| Profit (loss) for the period | 9904 | -€13,535 | -€10,362 | +€3,173 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,535 | -€10,362 | +€3,173 | +23.4% |
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 17 October 2026 via checked.be.