Ilke Van Immerseel: 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.
Ilke Van Immerseel
Largest movements
- Cash +€35,121
up €35,121 (+127%), from €27,694 to €62,816
mainly Net result for the year (+€45,236) and Depreciation (+€7,170)
- Intangible fixed assets -€4,734
down €4,734 (-50.0%), from €9,469 to €4,734
- Receivables within one year -€1,380
down €1,380 (-5.1%), from €27,245 to €25,864
- Deferred charges and accrued income -€1,320
down €1,320 (-62.1%), from €2,127 to €807
- Reserves +€45,236
up €45,236 (+92.2%), from €49,088 to €94,324
- Other debts -€21,612
down €21,612 (-93.4%), from €23,129 to €1,517
- Tax, wage and social debts +€4,087
up €4,087 (+104%), from €3,933 to €8,020
- Gross operating margin +€33,542
up €33,542 (+86.8%), from €38,648 to €72,190
- Taxes +€9,502
up €9,502 (+116%), from €8,200 to €17,702
- Financial charges -€2,248
down €2,248 (-66.5%), from €3,381 to €1,133
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 | €76,907 | €105,081 | +€28,174 | +36.6% |
| Fixed assets | 21/28 | €19,841 | €15,594 | -€4,247 | -21.4% |
| Intangible fixed assets | 21 | €9,469 | €4,734 | -€4,734 | -50.0% |
| Tangible fixed assets | 22/27 | €10,372 | €10,860 | +€487 | +4.7% |
| Land and buildings | 22 | €5,017 | €4,434 | -€582 | -11.6% |
| Plant, machinery and equipment | 23 | €406 | €1,488 | +€1,083 | +267% |
| Furniture and vehicles | 24 | €4,950 | €4,937 | -€13 | -0.3% |
| Current assets | 29/58 | €57,066 | €89,487 | +€32,421 | +56.8% |
| Amounts receivable within one year | 40/41 | €27,245 | €25,864 | -€1,380 | -5.1% |
| Other amounts receivable | 41 | €27,245 | €25,864 | -€1,380 | -5.1% |
| Cash at bank and in hand | 54/58 | €27,694 | €62,816 | +€35,121 | +127% |
| Deferred charges and accrued income | 490/1 | €2,127 | €807 | -€1,320 | -62.1% |
| Total equity and liabilities | 10/49 | €76,907 | €105,081 | +€28,174 | +36.6% |
| Equity | 10/15 | €49,588 | €94,824 | +€45,236 | +91.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €49,088 | €94,324 | +€45,236 | +92.2% |
| Distributable reserves | 133 | €49,088 | €94,324 | +€45,236 | +92.2% |
| Amounts payable | 17/49 | €27,319 | €10,256 | -€17,063 | -62.5% |
| Amounts payable within one year | 42/48 | €27,319 | €10,256 | -€17,063 | -62.5% |
| Trade debts | 44 | €257 | €719 | +€463 | +180% |
| Suppliers | 440/4 | €257 | €719 | +€463 | +180% |
| Taxes, remuneration and social security | 45 | €3,933 | €8,020 | +€4,087 | +104% |
| Taxes | 450/3 | €3,933 | €8,020 | +€4,087 | +104% |
| Other amounts payable | 47/48 | €23,129 | €1,517 | -€21,612 | -93.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,608 | €7,170 | +€562 | +8.5% |
| Other operating charges | 640/8 | €825 | €949 | +€125 | +15.1% |
| Gross operating margin | 9900 | €38,648 | €72,190 | +€33,542 | +86.8% |
| Operating profit (loss) | 9901 | €31,215 | €64,070 | +€32,855 | +105% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,381 | €1,133 | -€2,248 | -66.5% |
| Recurring financial charges | 65 | €3,381 | €1,133 | -€2,248 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €27,834 | €62,938 | +€35,104 | +126% |
| Income taxes | 67/77 | €8,200 | €17,702 | +€9,502 | +116% |
| Profit (loss) for the period | 9904 | €19,634 | €45,236 | +€25,602 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €19,634 | €45,236 | +€25,602 | +130% |
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 30 October 2026 via checked.be.