ILICO: what changed
What changed
ILICO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€275,982
2024 · €1.9m-€1.7m
Equity
€8.8m
2024 · €8.5m+€275,982
Cash
€171,707
2024 · €26,365+€145,342
Balance sheet total
€10.7m
2024 · €10.5m+€211,990
Largest movements
Assets
- Cash +€145,342
up €145,342 (+551%), from €26,365 to €171,707
mainly Net result for the year (+€275,982) and Other debts (+€65,383)
Equity and liabilities
- Reserves +€275,982
up €275,982 (+3.3%), from €8.3m to €8.5m
of which Distributable reserves: +€275,982
- Debts after one year -€155,316
down €155,316 (-8.3%), from €1.9m to €1.7m
of which Other amounts payable: -€150,000
Income statement
- Financial income -€1.7m
down €1.7m (-91.8%), from €1.8m to €150,001
- Services and other goods -€21,892
down €21,892 (-55.2%), from €39,668 to €17,776
- Financial charges -€13,194
down €13,194 (-14.1%), from €93,835 to €80,641
- Taxes +€9,172
up €9,172 (+23.5%), from €38,957 to €48,129
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.9m
Turnover
-€144
Other operating income
-€539
Services and other goods
+€21,892
Depreciation
-€1,036
Other operating charges
-€1,156
Financial income
-€1.7m
Financial charges
+€13,194
Taxes
-€9,172
Result 2025
€275,982
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€305,738
Investment
-€5,264
Financing
-€155,132
Cash 2024
€26,365
From operations (derived)
+€305,738
Net result for the year
+€275,982
Depreciation
+€9,635
Receivables within one year
-€70,957
Smaller working-capital items
-€254
Tax, wage and social debts
+€28,549
Other debts
+€65,383
Accrued charges and deferred income
-€2,601
Investment (derived)
-€5,264
Investment in fixed assets (net)
-€5,264
Financing
-€155,132
Debts after one year
-€155,316
Current portion of long-term debt
+€184
Cash 2025
€171,707
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,518,633 | €10,730,624 | +€211,990 | +2.0% |
| Fixed assets | 21/28 | €10,373,956 | €10,369,585 | -€4,371 | 0.0% |
| Tangible fixed assets | 22/27 | €29,206 | €24,835 | -€4,371 | -15.0% |
| Furniture and vehicles | 24 | - | €4,229 | +€4,229 | |
| Leasing and similar rights | 25 | €29,206 | €20,607 | -€8,599 | -29.4% |
| Financial fixed assets | 28 | €10,344,750 | €10,344,750 | = | 0.0% |
| Affiliated companies | 280/1 | €10,344,750 | €10,344,750 | = | 0.0% |
| Participating interests | 280 | €10,344,750 | €10,344,750 | = | 0.0% |
| Current assets | 29/58 | €144,678 | €361,039 | +€216,361 | +150% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €13,543 | €84,500 | +€70,957 | +524% |
| Trade receivables | 40 | - | €84,500 | +€84,500 | |
| Other amounts receivable | 41 | €13,543 | €0 | -€13,543 | -100% |
| Current investments | 50/53 | €102,959 | €102,959 | = | 0.0% |
| Other investments | 51/53 | €102,959 | €102,959 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,365 | €171,707 | +€145,342 | +551% |
| Deferred charges and accrued income | 490/1 | €1,810 | €1,873 | +€62 | +3.4% |
| Total equity and liabilities | 10/49 | €10,518,633 | €10,730,624 | +€211,990 | +2.0% |
| Equity | 10/15 | €8,523,082 | €8,799,064 | +€275,982 | +3.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €8,273,082 | €8,549,064 | +€275,982 | +3.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €8,273,082 | €8,549,064 | +€275,982 | +3.3% |
| Amounts payable | 17/49 | €1,995,552 | €1,931,560 | -€63,992 | -3.2% |
| Amounts payable after more than one year | 17 | €1,862,702 | €1,707,386 | -€155,316 | -8.3% |
| Financial debts | 170/4 | €12,702 | €7,386 | -€5,316 | -41.9% |
| Leasing and similar obligations | 172 | €12,702 | €7,386 | -€5,316 | -41.9% |
| Other amounts payable | 178/9 | €1,850,000 | €1,700,000 | -€150,000 | -8.1% |
| Amounts payable within one year | 42/48 | €102,083 | €196,008 | +€93,925 | +92.0% |
| Current portion of amounts payable after more than one year | 42 | €5,132 | €5,316 | +€184 | +3.6% |
| Trade debts | 44 | €6,321 | €6,130 | -€191 | -3.0% |
| Suppliers | 440/4 | €6,321 | €6,130 | -€191 | -3.0% |
| Taxes, remuneration and social security | 45 | €6,663 | €35,212 | +€28,549 | +429% |
| Taxes | 450/3 | €6,663 | €35,212 | +€28,549 | +429% |
| Other amounts payable | 47/48 | €83,966 | €149,349 | +€65,383 | +77.9% |
| Accrued charges and deferred income | 492/3 | €30,767 | €28,167 | -€2,601 | -8.5% |
| Operating income | 70/76A | €287,737 | €287,053 | -€683 | -0.2% |
| Turnover | 70 | €279,500 | €279,356 | -€144 | -0.1% |
| Other operating income | 74 | €8,237 | €7,697 | -€539 | -6.5% |
| Operating charges | 60/66A | €52,002 | €32,302 | -€19,701 | -37.9% |
| Services and other goods | 61 | €39,668 | €17,776 | -€21,892 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,599 | €9,635 | +€1,036 | +12.0% |
| Other operating charges | 640/8 | €3,735 | €4,891 | +€1,156 | +30.9% |
| Operating profit (loss) | 9901 | €235,734 | €254,752 | +€19,017 | +8.1% |
| Financial income | 75/76B | €1,837,000 | €150,001 | -€1.7m | -91.8% |
| Recurring financial income | 75 | €1,837,000 | €150,001 | -€1.7m | -91.8% |
| Income from financial fixed assets | 750 | €1,837,000 | €150,000 | -€1.7m | -91.8% |
| Other financial income | 752/9 | €0 | €1 | +€1 | +1,900% |
| Financial charges | 65/66B | €93,835 | €80,641 | -€13,194 | -14.1% |
| Recurring financial charges | 65 | €93,835 | €80,641 | -€13,194 | -14.1% |
| Debt charges | 650 | €92,578 | €80,020 | -€12,558 | -13.6% |
| Other financial charges | 652/9 | €1,257 | €621 | -€637 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €1,978,899 | €324,111 | -€1.7m | -83.6% |
| Income taxes | 67/77 | €38,957 | €48,129 | +€9,172 | +23.5% |
| Taxes | 670/3 | €38,957 | €48,129 | +€9,172 | +23.5% |
| Profit (loss) for the period | 9904 | €1,939,942 | €275,982 | -€1.7m | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,939,942 | €275,982 | -€1.7m | -85.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.