ILLEX: 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.
ILLEX
Largest movements
- Deferred charges and accrued income -€33,327
down €33,327 (-78.9%), from €42,255 to €8,928
- Tangible fixed assets +€31,097
up €31,097 (+40.8%), from €76,236 to €107,333
- Receivables within one year +€10,643
up €10,643 (+6.0%), from €177,952 to €188,595
- Tax, wage and social debts -€17,894
down €17,894 (-62.3%), from €28,738 to €10,844
- Other debts +€9,844
up €9,844 (+8.7%), from €113,112 to €122,956
- Financial income -€155,045
down €155,045 (-99.4%), from €155,972 to €927
- Financial charges +€45,639
up €45,639 (+1,441%), from €3,166 to €48,805
- Taxes -€25,724
down €25,724 (-89.0%), from €28,893 to €3,169
- Gross operating margin +€13,355
up €13,355 (+25.2%), from €52,988 to €66,343
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 | €792,062 | €794,484 | +€2,422 | +0.3% |
| Fixed assets | 21/28 | €498,216 | €529,312 | +€31,097 | +6.2% |
| Tangible fixed assets | 22/27 | €76,236 | €107,333 | +€31,097 | +40.8% |
| Land and buildings | 22 | €76,236 | €107,333 | +€31,097 | +40.8% |
| Financial fixed assets | 28 | €421,980 | €421,980 | = | 0.0% |
| Current assets | 29/58 | €293,846 | €265,171 | -€28,675 | -9.8% |
| Amounts receivable within one year | 40/41 | €177,952 | €188,595 | +€10,643 | +6.0% |
| Other amounts receivable | 41 | €177,952 | €188,595 | +€10,643 | +6.0% |
| Current investments | 50/53 | €35,410 | €35,559 | +€149 | +0.4% |
| Cash at bank and in hand | 54/58 | €38,229 | €32,089 | -€6,140 | -16.1% |
| Deferred charges and accrued income | 490/1 | €42,255 | €8,928 | -€33,327 | -78.9% |
| Total equity and liabilities | 10/49 | €792,062 | €794,484 | +€2,422 | +0.3% |
| Equity | 10/15 | €646,700 | €653,806 | +€7,105 | +1.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €584,700 | €591,806 | +€7,105 | +1.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €578,500 | €585,606 | +€7,105 | +1.2% |
| Amounts payable | 17/49 | €145,362 | €140,678 | -€4,684 | -3.2% |
| Amounts payable after more than one year | 17 | - | €75 | +€75 | |
| Other amounts payable | 178/9 | - | €75 | +€75 | |
| Amounts payable within one year | 42/48 | €145,362 | €140,603 | -€4,759 | -3.3% |
| Trade debts | 44 | €3,513 | €6,804 | +€3,291 | +93.7% |
| Suppliers | 440/4 | €3,513 | €6,804 | +€3,291 | +93.7% |
| Taxes, remuneration and social security | 45 | €28,738 | €10,844 | -€17,894 | -62.3% |
| Taxes | 450/3 | €28,738 | €10,844 | -€17,894 | -62.3% |
| Other amounts payable | 47/48 | €113,112 | €122,956 | +€9,844 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €1,343 | +€248 | +22.7% |
| Other operating charges | 640/8 | €6,751 | €6,847 | +€97 | +1.4% |
| Gross operating margin | 9900 | €52,988 | €66,343 | +€13,355 | +25.2% |
| Operating profit (loss) | 9901 | €45,143 | €58,153 | +€13,010 | +28.8% |
| Financial income | 75/76B | €155,972 | €927 | -€155,045 | -99.4% |
| Recurring financial income | 75 | €155,972 | €927 | -€155,045 | -99.4% |
| Financial charges | 65/66B | €3,166 | €48,805 | +€45,639 | +1,441% |
| Recurring financial charges | 65 | €3,166 | €48,805 | +€45,639 | +1,441% |
| Profit (loss) for the period before taxes | 9903 | €197,948 | €10,274 | -€187,674 | -94.8% |
| Income taxes | 67/77 | €28,893 | €3,169 | -€25,724 | -89.0% |
| Profit (loss) for the period | 9904 | €169,056 | €7,105 | -€161,950 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €169,056 | €7,105 | -€161,950 | -95.8% |
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.