ILLICO LOCATION: 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.
ILLICO LOCATION
Largest movements
- Receivables within one year +€47,974
up €47,974 (+49.2%), from €97,411 to €145,385
of which Trade receivables: +€49,989
- Tangible fixed assets -€30,977
down €30,977 (-17.2%), from €179,670 to €148,693
of which Plant, machinery and equipment: -€36,509
- Cash -€13,160
down €13,160 (-21.3%), from €61,881 to €48,721
mainly Receivables within one year (-€47,974) and Contributions, distributions and other (-€40,000)
- Stocks and contracts +€7,842
up €7,842 (+13.7%), from €57,106 to €64,948
- Trade debts +€40,070
up €40,070 (+31.0%), from €129,126 to €169,195
- Other debts -€35,953
down €35,953 (-20.9%), from €171,652 to €135,699
- Profit (loss) carried forward +€14,139
up €14,139 (+32.8%), from €43,113 to €57,251
- Advances received -€8,978
down €8,978 (-49.1%), from €18,277 to €9,299
- Gross operating margin -€13,903
down €13,903 (-7.0%), from €197,499 to €183,596
- Depreciation -€9,568
down €9,568 (-12.3%), from €77,550 to €67,982
- Staff costs +€3,946
up €3,946 (+7.9%), from €50,008 to €53,954
- Other operating charges -€3,834
down €3,834 (-71.6%), from €5,358 to €1,524
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 | €399,395 | €412,090 | +€12,695 | +3.2% |
| Fixed assets | 21/28 | €182,997 | €152,019 | -€30,977 | -16.9% |
| Tangible fixed assets | 22/27 | €179,670 | €148,693 | -€30,977 | -17.2% |
| Land and buildings | 22 | - | €4,129 | +€4,129 | |
| Plant, machinery and equipment | 23 | €179,670 | €143,161 | -€36,509 | -20.3% |
| Furniture and vehicles | 24 | €0 | €1,403 | +€1,403 | |
| Financial fixed assets | 28 | €3,327 | €3,327 | = | 0.0% |
| Current assets | 29/58 | €216,398 | €260,071 | +€43,673 | +20.2% |
| Stocks and contracts in progress | 3 | €57,106 | €64,948 | +€7,842 | +13.7% |
| Stocks | 30/36 | €57,106 | €64,948 | +€7,842 | +13.7% |
| Amounts receivable within one year | 40/41 | €97,411 | €145,385 | +€47,974 | +49.2% |
| Trade receivables | 40 | €94,956 | €144,944 | +€49,989 | +52.6% |
| Other amounts receivable | 41 | €2,455 | €441 | -€2,014 | -82.0% |
| Cash at bank and in hand | 54/58 | €61,881 | €48,721 | -€13,160 | -21.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,016 | +€1,016 | |
| Total equity and liabilities | 10/49 | €399,395 | €412,090 | +€12,695 | +3.2% |
| Equity | 10/15 | €61,863 | €76,001 | +€14,139 | +22.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,113 | €57,251 | +€14,139 | +32.8% |
| Amounts payable | 17/49 | €337,532 | €336,089 | -€1,443 | -0.4% |
| Amounts payable within one year | 42/48 | €337,532 | €335,796 | -€1,736 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €129,126 | €169,195 | +€40,070 | +31.0% |
| Suppliers | 440/4 | €129,126 | €169,195 | +€40,070 | +31.0% |
| Advances received on contracts in progress | 46 | €18,277 | €9,299 | -€8,978 | -49.1% |
| Taxes, remuneration and social security | 45 | €18,478 | €21,603 | +€3,125 | +16.9% |
| Taxes | 450/3 | €11,051 | €12,806 | +€1,755 | +15.9% |
| Remuneration and social security | 454/9 | €7,426 | €8,796 | +€1,370 | +18.4% |
| Other amounts payable | 47/48 | €171,652 | €135,699 | -€35,953 | -20.9% |
| Accrued charges and deferred income | 492/3 | - | €293 | +€293 | |
| Non-recurring operating income | 76A | €9,312 | €2,351 | -€6,962 | -74.8% |
| Remuneration, social security and pensions | 62 | €50,008 | €53,954 | +€3,946 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,550 | €67,982 | -€9,568 | -12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €199 | +€199 | |
| Other operating charges | 640/8 | €5,358 | €1,524 | -€3,834 | -71.6% |
| Non-recurring operating charges | 66A | €6,025 | €0 | -€6,025 | -100% |
| Gross operating margin | 9900 | €197,499 | €183,596 | -€13,903 | -7.0% |
| Operating profit (loss) | 9901 | €58,557 | €59,937 | +€1,380 | +2.4% |
| Financial income | 75/76B | €338 | €1,724 | +€1,385 | +409% |
| Recurring financial income | 75 | €338 | €1,724 | +€1,385 | +409% |
| Financial charges | 65/66B | €3,793 | €2,214 | -€1,579 | -41.6% |
| Recurring financial charges | 65 | €3,793 | €2,214 | -€1,579 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €55,102 | €59,447 | +€4,344 | +7.9% |
| Income taxes | 67/77 | €4,409 | €5,308 | +€898 | +20.4% |
| Profit (loss) for the period | 9904 | €50,693 | €54,139 | +€3,446 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,693 | €54,139 | +€3,446 | +6.8% |
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 25 October 2026 via checked.be.