ILICEUS: 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.
ILICEUS
Largest movements
- Tangible fixed assets -€333,152
down €333,152 (-13.9%), from €2.4m to €2.1m
of which Land and buildings: -€262,288
- Current investments +€300,000
up €300,000 (+31.9%), from €940,000 to €1.2m
- Cash +€221,099
up €221,099 (+367.3%), from €60,192 to €281,291
mainly Depreciation (+€361,871) and Net result for the year (+€303,975)
- Reserves +€303,975
up €303,975 (+14.7%), from €2.1m to €2.4m
of which Distributable reserves: +€303,975
- Debts after one year -€115,236
down €115,236 (-13.2%), from €871,959 to €756,723
- Financial income -€97,804
down €97,804 (-20.5%), from €475,987 to €378,184
- Taxes -€71,924
down €71,924 (-61.3%), from €117,377 to €45,454
- Gross operating margin -€62,871
down €62,871 (-13.9%), from €451,265 to €388,394
- Other operating charges +€16,747
up €16,747 (+106.9%), from €15,659 to €32,407
- Depreciation -€12,434
down €12,434 (-3.3%), from €374,305 to €361,871
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 | €3,535,905 | €3,753,764 | +€217,859 | +6.2% |
| Fixed assets | 21/28 | €2,512,528 | €2,179,376 | -€333,152 | -13.3% |
| Tangible fixed assets | 22/27 | €2,403,175 | €2,070,023 | -€333,152 | -13.9% |
| Land and buildings | 22 | €2,120,946 | €1,858,659 | -€262,288 | -12.4% |
| Plant, machinery and equipment | 23 | €189,276 | €131,342 | -€57,934 | -30.6% |
| Furniture and vehicles | 24 | €92,952 | €79,828 | -€13,124 | -14.1% |
| Other tangible fixed assets | 26 | - | €195 | +€195 | |
| Financial fixed assets | 28 | €109,353 | €109,353 | = | 0.0% |
| Current assets | 29/58 | €1,023,378 | €1,574,388 | +€551,011 | +53.8% |
| Amounts receivable within one year | 40/41 | €22,193 | €53,097 | +€30,904 | +139.2% |
| Trade receivables | 40 | €1,160 | - | -€1,160 | |
| Other amounts receivable | 41 | €21,033 | €53,097 | +€32,064 | +152.4% |
| Current investments | 50/53 | €940,000 | €1,240,000 | +€300,000 | +31.9% |
| Cash at bank and in hand | 54/58 | €60,192 | €281,291 | +€221,099 | +367.3% |
| Deferred charges and accrued income | 490/1 | €992 | - | -€992 | |
| Total equity and liabilities | 10/49 | €3,535,905 | €3,753,764 | +€217,859 | +6.2% |
| Equity | 10/15 | €2,315,345 | €2,619,321 | +€303,975 | +13.1% |
| Contributions | 10/11 | €206,894 | €206,894 | = | 0.0% |
| Outside capital | 11 | €206,894 | €206,894 | = | 0.0% |
| Other | 1109/19 | €206,894 | €206,894 | = | 0.0% |
| Reserves | 13 | €2,067,541 | €2,371,516 | +€303,975 | +14.7% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €2,007,541 | €2,311,516 | +€303,975 | +15.1% |
| Profit (loss) carried forward | 14 | €40,911 | €40,911 | = | 0.0% |
| Provisions and deferred taxes | 16 | €191,876 | €191,876 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €191,876 | €191,876 | = | 0.0% |
| Pensions and similar obligations | 160 | €191,876 | €191,876 | = | 0.0% |
| Amounts payable | 17/49 | €1,028,684 | €942,568 | -€86,116 | -8.4% |
| Amounts payable after more than one year | 17 | €871,959 | €756,723 | -€115,236 | -13.2% |
| Financial debts | 170/4 | €871,959 | €756,723 | -€115,236 | -13.2% |
| Amounts payable within one year | 42/48 | €150,666 | €176,953 | +€26,287 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €121,750 | €120,213 | -€1,537 | -1.3% |
| Trade debts | 44 | €9,011 | €29,015 | +€20,004 | +222.0% |
| Suppliers | 440/4 | €9,011 | €29,015 | +€20,004 | +222.0% |
| Taxes, remuneration and social security | 45 | €10,427 | €17,875 | +€7,448 | +71.4% |
| Taxes | 450/3 | €10,427 | €17,875 | +€7,448 | +71.4% |
| Other amounts payable | 47/48 | €9,477 | €9,850 | +€373 | +3.9% |
| Accrued charges and deferred income | 492/3 | €6,060 | €8,892 | +€2,832 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374,305 | €361,871 | -€12,434 | -3.3% |
| Other operating charges | 640/8 | €15,659 | €32,407 | +€16,747 | +106.9% |
| Gross operating margin | 9900 | €451,265 | €388,394 | -€62,871 | -13.9% |
| Operating profit (loss) | 9901 | €61,300 | -€5,884 | -€67,184 | |
| Financial income | 75/76B | €475,987 | €378,184 | -€97,804 | -20.5% |
| Recurring financial income | 75 | €475,987 | €378,184 | -€97,804 | -20.5% |
| Financial charges | 65/66B | €20,657 | €22,871 | +€2,214 | +10.7% |
| Recurring financial charges | 65 | €20,657 | €22,871 | +€2,214 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €516,631 | €349,429 | -€167,202 | -32.4% |
| Income taxes | 67/77 | €117,377 | €45,454 | -€71,924 | -61.3% |
| Profit (loss) for the period | 9904 | €399,253 | €303,975 | -€95,278 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €399,253 | €303,975 | -€95,278 | -23.9% |
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 7 October 2026 via checked.be.