ILLEPA LAW: 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.
ILLEPA LAW
Largest movements
- Receivables within one year -€72,107
down €72,107 (-93.6%), from €77,014 to €4,907
- Cash +€23,738
up €23,738 (+34,909%), from €68 to €23,806
- Tangible fixed assets -€4,057
down €4,057 (-44.7%), from €9,085 to €5,028
of which Furniture and vehicles: -€3,255
- Reserves -€63,556
no longer reported in 2025 (was €63,556)
- Tax, wage and social debts +€9,917
up €9,917 (+113%), from €8,755 to €18,672
- Trade debts +€4,418
up €4,418 (+123%), from €3,606 to €8,024
- Short-term financial debts -€3,205
down €3,205 (-61.0%), from €5,250 to €2,045
- Gross operating margin +€9,107
up €9,107 (+48.5%), from €18,781 to €27,888
- Taxes +€2,602
up €2,602 (+62.9%), from €4,134 to €6,736
- Depreciation -€1,826
down €1,826 (-49.6%), from €3,679 to €1,853
- Other operating charges +€676
up €676 (+133%), from €507 to €1,183
- Financial charges +€473
up €473 (+58.6%), from €807 to €1,280
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,167 | €33,741 | -€52,426 | -60.8% |
| Fixed assets | 21/28 | €9,085 | €5,028 | -€4,057 | -44.7% |
| Tangible fixed assets | 22/27 | €9,085 | €5,028 | -€4,057 | -44.7% |
| Furniture and vehicles | 24 | €3,255 | - | -€3,255 | |
| Other tangible fixed assets | 26 | €5,830 | €5,028 | -€802 | -13.8% |
| Current assets | 29/58 | €77,082 | €28,713 | -€48,369 | -62.8% |
| Amounts receivable within one year | 40/41 | €77,014 | €4,907 | -€72,107 | -93.6% |
| Other amounts receivable | 41 | €77,014 | €4,907 | -€72,107 | -93.6% |
| Cash at bank and in hand | 54/58 | €68 | €23,806 | +€23,738 | +34,909% |
| Total equity and liabilities | 10/49 | €86,167 | €33,741 | -€52,426 | -60.8% |
| Equity | 10/15 | €68,556 | €5,000 | -€63,556 | -92.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,556 | - | -€63,556 | |
| Distributable reserves | 133 | €63,556 | - | -€63,556 | |
| Amounts payable | 17/49 | €17,611 | €28,741 | +€11,130 | +63.2% |
| Amounts payable within one year | 42/48 | €17,611 | €28,741 | +€11,130 | +63.2% |
| Financial debts | 43 | €5,250 | €2,045 | -€3,205 | -61.0% |
| Credit institutions | 430/8 | €5,250 | €2,045 | -€3,205 | -61.0% |
| Trade debts | 44 | €3,606 | €8,024 | +€4,418 | +123% |
| Suppliers | 440/4 | €3,606 | €8,024 | +€4,418 | +123% |
| Taxes, remuneration and social security | 45 | €8,755 | €18,672 | +€9,917 | +113% |
| Taxes | 450/3 | €8,755 | €18,672 | +€9,917 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,679 | €1,853 | -€1,826 | -49.6% |
| Other operating charges | 640/8 | €507 | €1,183 | +€676 | +133% |
| Gross operating margin | 9900 | €18,781 | €27,888 | +€9,107 | +48.5% |
| Operating profit (loss) | 9901 | €14,595 | €24,852 | +€10,257 | +70.3% |
| Financial income | 75/76B | €4,731 | €5,021 | +€290 | +6.1% |
| Recurring financial income | 75 | €4,731 | €5,021 | +€290 | +6.1% |
| Financial charges | 65/66B | €807 | €1,280 | +€473 | +58.6% |
| Recurring financial charges | 65 | €807 | €1,280 | +€473 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €18,519 | €28,593 | +€10,074 | +54.4% |
| Income taxes | 67/77 | €4,134 | €6,736 | +€2,602 | +62.9% |
| Profit (loss) for the period | 9904 | €14,385 | €21,857 | +€7,472 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,385 | €21,857 | +€7,472 | +51.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.