ILISCAARI: 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.
ILISCAARI
Largest movements
- Cash -€11,053
down €11,053 (-31.7%), from €34,838 to €23,785
mainly Contributions, distributions and other (-€93,979) and Receivables within one year (-€1,147)
- Reserves -€13,827
down €13,827 (-4.5%), from €310,640 to €296,813
- Gross operating margin -€21,032
down €21,032 (-17.8%), from €118,162 to €97,129
- Taxes -€4,726
down €4,726 (-18.8%), from €25,174 to €20,448
- Financial income +€2,623
up €2,623 (+56.0%), from €4,681 to €7,304
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 | €335,116 | €322,791 | -€12,325 | -3.7% |
| Fixed assets | 21/28 | €14,091 | €11,120 | -€2,970 | -21.1% |
| Tangible fixed assets | 22/27 | €14,091 | €11,120 | -€2,970 | -21.1% |
| Furniture and vehicles | 24 | €4,998 | €3,277 | -€1,721 | -34.4% |
| Other tangible fixed assets | 26 | €9,092 | €7,843 | -€1,249 | -13.7% |
| Current assets | 29/58 | €321,025 | €311,670 | -€9,355 | -2.9% |
| Amounts receivable within one year | 40/41 | €19,533 | €20,680 | +€1,147 | +5.9% |
| Trade receivables | 40 | €18,303 | €18,937 | +€633 | +3.5% |
| Other amounts receivable | 41 | €1,230 | €1,743 | +€513 | +41.7% |
| Current investments | 50/53 | €265,000 | €265,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,838 | €23,785 | -€11,053 | -31.7% |
| Deferred charges and accrued income | 490/1 | €1,654 | €2,205 | +€551 | +33.3% |
| Total equity and liabilities | 10/49 | €335,116 | €322,791 | -€12,325 | -3.7% |
| Equity | 10/15 | €325,640 | €311,813 | -€13,827 | -4.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €310,640 | €296,813 | -€13,827 | -4.5% |
| Distributable reserves | 133 | €310,640 | €296,813 | -€13,827 | -4.5% |
| Amounts payable | 17/49 | €9,475 | €10,977 | +€1,502 | +15.8% |
| Amounts payable within one year | 42/48 | €9,475 | €10,977 | +€1,502 | +15.8% |
| Trade debts | 44 | €2,289 | €2,945 | +€656 | +28.7% |
| Suppliers | 440/4 | €2,289 | €2,945 | +€656 | +28.7% |
| Taxes, remuneration and social security | 45 | €2,335 | €2,660 | +€325 | +13.9% |
| Taxes | 450/3 | €2,335 | €2,660 | +€325 | +13.9% |
| Other amounts payable | 47/48 | €4,852 | €5,372 | +€520 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,970 | €2,970 | = | 0.0% |
| Other operating charges | 640/8 | €678 | €821 | +€143 | +21.1% |
| Gross operating margin | 9900 | €118,162 | €97,129 | -€21,032 | -17.8% |
| Operating profit (loss) | 9901 | €114,514 | €93,338 | -€21,175 | -18.5% |
| Financial income | 75/76B | €4,681 | €7,304 | +€2,623 | +56.0% |
| Recurring financial income | 75 | €4,681 | €7,304 | +€2,623 | +56.0% |
| Financial charges | 65/66B | €41 | €42 | +€1 | +2.9% |
| Recurring financial charges | 65 | €41 | €42 | +€1 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €119,153 | €100,600 | -€18,553 | -15.6% |
| Income taxes | 67/77 | €25,174 | €20,448 | -€4,726 | -18.8% |
| Profit (loss) for the period | 9904 | €93,979 | €80,152 | -€13,827 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €93,979 | €80,152 | -€13,827 | -14.7% |
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 3 October 2026 via checked.be.