ILLIS: what changed
Two fiscal 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.
What changed
ILLIS
NACE 47.721, Retail sale of footwear
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · -€2.3m+€3.9m
Equity
€12.5m
2024 · €10.9m+€1.6m
Cash
€45,488
2024 · €66,313-€20,825
Balance sheet total
€15.7m
2024 · €18.7m-€2.9m
Largest movements
Assets
- Financial fixed assets -€3.0m
down €3.0m (-16.7%), from €17.7m to €14.8m
Equity and liabilities
- Debts after one year -€4.4m
down €4.4m (-58.3%), from €7.5m to €3.1m
- Profit (loss) carried forward +€1.6m
up €1.6m (+61.2%), from -€2.6m to -€1.0m
Income statement
- Financial income +€2.4m
up €2.4m (+59.2%), from €4.0m to €6.3m
of which Non-recurring financial income: +€1.7m
- Financial charges -€1.4m
down €1.4m (-23.2%), from €6.2m to €4.7m
of which Non-recurring financial charges: -€1.1m
- Gross operating margin +€74,973
up €74,973 (+49.8%), from €150,691 to €225,665
- Staff costs -€4,338
down €4,338 (-2.0%), from €219,972 to €215,633
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.
Result 2024
-€2.3m
Gross operating margin
+€74,973
Staff costs
+€4,338
Depreciation
-€481
Provisions
-€1,551
Other operating charges
+€1,915
Financial income
+€2.4m
Financial charges
+€1.4m
Taxes
+€4
Result 2025
€1.6m
Cash bridge derived
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.
From operations
+€1.4m
Investment
+€3.0m
Financing
-€4.4m
Cash 2024
€66,313
From operations (derived)
+€1.4m
Net result for the year
+€1.6m
Depreciation
+€31,382
Receivables after one year
-€132,402
Stocks and contracts
+€13,855
Receivables within one year
+€53,222
Smaller working-capital items
+€1,920
Trade debts
-€170,261
Investment (derived)
+€3.0m
Investment in fixed assets (net)
+€3.0m
Financing
-€4.4m
Debts after one year
-€4.4m
Cash 2025
€45,488
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,654,134 | €15,711,020 | -€2.9m | -15.8% |
| Fixed assets | 21/28 | €17,796,817 | €14,812,199 | -€3.0m | -16.8% |
| Tangible fixed assets | 22/27 | €74,043 | €48,905 | -€25,138 | -34.0% |
| Furniture and vehicles | 24 | €16,392 | €10,054 | -€6,338 | -38.7% |
| Other tangible fixed assets | 26 | €57,650 | €38,850 | -€18,800 | -32.6% |
| Financial fixed assets | 28 | €17,722,774 | €14,763,294 | -€3.0m | -16.7% |
| Current assets | 29/58 | €857,317 | €898,821 | +€41,505 | +4.8% |
| Amounts receivable after more than one year | 29 | €546,754 | €679,156 | +€132,402 | +24.2% |
| Other amounts receivable | 291 | €546,754 | €679,156 | +€132,402 | +24.2% |
| Stocks and contracts in progress | 3 | €158,565 | €144,710 | -€13,855 | -8.7% |
| Stocks | 30/36 | €158,565 | €144,710 | -€13,855 | -8.7% |
| Amounts receivable within one year | 40/41 | €76,793 | €23,571 | -€53,222 | -69.3% |
| Trade receivables | 40 | €73,810 | €8,785 | -€65,025 | -88.1% |
| Other amounts receivable | 41 | €2,983 | €14,787 | +€11,804 | +395.7% |
| Cash at bank and in hand | 54/58 | €66,313 | €45,488 | -€20,825 | -31.4% |
| Deferred charges and accrued income | 490/1 | €8,891 | €5,895 | -€2,995 | -33.7% |
| Total equity and liabilities | 10/49 | €18,654,134 | €15,711,020 | -€2.9m | -15.8% |
| Equity | 10/15 | €10,885,464 | €12,479,846 | +€1.6m | +14.6% |
| Contributions | 10/11 | €13,282,874 | €13,282,874 | = | 0.0% |
| Capital | 10 | €13,282,874 | €13,282,874 | = | 0.0% |
| Issued capital | 100 | €13,282,874 | €13,282,874 | = | 0.0% |
| Reserves | 13 | €207,843 | €207,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,750 | €12,750 | = | 0.0% |
| Legal reserve | 130 | €12,750 | €12,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,093 | €25,093 | = | 0.0% |
| Distributable reserves | 133 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,605,253 | -€1,010,871 | +€1.6m | +61.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €7,768,670 | €3,231,174 | -€4.5m | -58.4% |
| Amounts payable after more than one year | 17 | €7,491,312 | €3,125,153 | -€4.4m | -58.3% |
| Other amounts payable | 178/9 | €7,491,312 | €3,125,153 | -€4.4m | -58.3% |
| Amounts payable within one year | 42/48 | €276,475 | €97,723 | -€178,752 | -64.7% |
| Trade debts | 44 | €242,964 | €72,702 | -€170,261 | -70.1% |
| Suppliers | 440/4 | €242,964 | €72,702 | -€170,261 | -70.1% |
| Taxes, remuneration and social security | 45 | €19,211 | €18,803 | -€408 | -2.1% |
| Taxes | 450/3 | €530 | €525 | -€5 | -0.9% |
| Remuneration and social security | 454/9 | €18,681 | €18,278 | -€403 | -2.2% |
| Other amounts payable | 47/48 | €14,300 | €6,217 | -€8,083 | -56.5% |
| Accrued charges and deferred income | 492/3 | €883 | €8,298 | +€7,415 | +840.0% |
| Remuneration, social security and pensions | 62 | €219,972 | €215,633 | -€4,338 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,901 | €31,382 | +€481 | +1.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,551 | €0 | +€1,551 | |
| Other operating charges | 640/8 | €4,771 | €2,856 | -€1,915 | -40.1% |
| Gross operating margin | 9900 | €150,691 | €225,665 | +€74,973 | +49.8% |
| Operating profit (loss) | 9901 | -€103,401 | -€24,207 | +€79,195 | +76.6% |
| Financial income | 75/76B | €3,985,670 | €6,345,381 | +€2.4m | +59.2% |
| Recurring financial income | 75 | €3,985,670 | €4,643,019 | +€657,350 | +16.5% |
| Non-recurring financial income | 76B | - | €1,702,362 | +€1.7m | |
| Financial charges | 65/66B | €6,152,128 | €4,726,265 | -€1.4m | -23.2% |
| Recurring financial charges | 65 | €409,512 | €64,423 | -€345,089 | -84.3% |
| Non-recurring financial charges | 66B | €5,742,616 | €4,661,842 | -€1.1m | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,269,859 | €1,594,910 | +€3.9m | |
| Income taxes | 67/77 | €532 | €528 | -€4 | -0.8% |
| Profit (loss) for the period | 9904 | -€2,270,391 | €1,594,382 | +€3.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,270,391 | €1,594,382 | +€3.9m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.