ILKO: 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.
ILKO
Largest movements
- Stocks and contracts +€11,401
up €11,401 (+4.8%), from €236,058 to €247,459
- Cash +€4,341
up €4,341 (+9.7%), from €44,918 to €49,260
mainly Trade debts (+€12,302) and Net result for the year (+€10,859)
- Receivables within one year -€3,374
down €3,374 (-21.7%), from €15,580 to €12,206
of which Other amounts receivable: -€1,820
- Trade debts +€12,302
up €12,302 (+22.0%), from €55,921 to €68,223
- Reserves +€10,859
up €10,859 (+6.4%), from €168,541 to €179,400
of which Distributable reserves: +€10,859
- Current portion of long-term debt -€3,593
down €3,593 (-74.8%), from €4,806 to €1,213
- Other debts -€3,264
down €3,264 (-13.4%), from €24,326 to €21,061
- Staff costs +€11,482
up €11,482 (+13.9%), from €82,795 to €94,277
- Write-downs -€10,538
no longer reported in 2025 (was €10,538)
- Gross operating margin +€6,591
up €6,591 (+6.0%), from €110,410 to €117,001
- Taxes +€2,357
up €2,357 (+98.8%), from €2,386 to €4,743
- Financial charges -€1,195
down €1,195 (-40.2%), from €2,969 to €1,774
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 | €313,754 | €324,441 | +€10,687 | +3.4% |
| Fixed assets | 21/28 | €11,469 | €8,853 | -€2,617 | -22.8% |
| Tangible fixed assets | 22/27 | €11,434 | €8,817 | -€2,617 | -22.9% |
| Plant, machinery and equipment | 23 | €7,757 | €6,359 | -€1,398 | -18.0% |
| Furniture and vehicles | 24 | €914 | €145 | -€769 | -84.1% |
| Other tangible fixed assets | 26 | €2,763 | €2,313 | -€450 | -16.3% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €302,285 | €315,589 | +€13,304 | +4.4% |
| Stocks and contracts in progress | 3 | €236,058 | €247,459 | +€11,401 | +4.8% |
| Stocks | 30/36 | €236,058 | €247,459 | +€11,401 | +4.8% |
| Amounts receivable within one year | 40/41 | €15,580 | €12,206 | -€3,374 | -21.7% |
| Trade receivables | 40 | €1,554 | - | -€1,554 | |
| Other amounts receivable | 41 | €14,026 | €12,206 | -€1,820 | -13.0% |
| Cash at bank and in hand | 54/58 | €44,918 | €49,260 | +€4,341 | +9.7% |
| Deferred charges and accrued income | 490/1 | €5,728 | €6,664 | +€935 | +16.3% |
| Total equity and liabilities | 10/49 | €313,754 | €324,441 | +€10,687 | +3.4% |
| Equity | 10/15 | €187,141 | €198,000 | +€10,859 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,541 | €179,400 | +€10,859 | +6.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €166,681 | €177,540 | +€10,859 | +6.5% |
| Amounts payable | 17/49 | €126,613 | €126,441 | -€172 | -0.1% |
| Amounts payable after more than one year | 17 | €1,213 | - | -€1,213 | |
| Financial debts | 170/4 | €1,213 | - | -€1,213 | |
| Amounts payable within one year | 42/48 | €121,451 | €124,935 | +€3,484 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €4,806 | €1,213 | -€3,593 | -74.8% |
| Trade debts | 44 | €55,921 | €68,223 | +€12,302 | +22.0% |
| Suppliers | 440/4 | €55,921 | €68,223 | +€12,302 | +22.0% |
| Taxes, remuneration and social security | 45 | €36,398 | €34,437 | -€1,961 | -5.4% |
| Taxes | 450/3 | €11,533 | €8,798 | -€2,736 | -23.7% |
| Remuneration and social security | 454/9 | €24,865 | €25,640 | +€774 | +3.1% |
| Other amounts payable | 47/48 | €24,326 | €21,061 | -€3,264 | -13.4% |
| Accrued charges and deferred income | 492/3 | €3,949 | €1,506 | -€2,443 | -61.9% |
| Remuneration, social security and pensions | 62 | €82,795 | €94,277 | +€11,482 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,290 | €4,840 | -€450 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,538 | - | -€10,538 | |
| Other operating charges | 640/8 | €1,754 | €559 | -€1,195 | -68.1% |
| Gross operating margin | 9900 | €110,410 | €117,001 | +€6,591 | +6.0% |
| Operating profit (loss) | 9901 | €10,033 | €17,325 | +€7,292 | +72.7% |
| Financial income | 75/76B | €135 | €51 | -€84 | -62.0% |
| Recurring financial income | 75 | €135 | €51 | -€84 | -62.0% |
| Financial charges | 65/66B | €2,969 | €1,774 | -€1,195 | -40.2% |
| Recurring financial charges | 65 | €2,969 | €1,774 | -€1,195 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €7,200 | €15,602 | +€8,403 | +117% |
| Income taxes | 67/77 | €2,386 | €4,743 | +€2,357 | +98.8% |
| Profit (loss) for the period | 9904 | €4,814 | €10,859 | +€6,045 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €4,814 | €10,859 | +€6,045 | +126% |
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.