ILLUDESIGN: 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
ILLUDESIGN
NACE 46.474, Wholesale trade
fiscal year 2024 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
€47,380
2024 · -€314,406+€361,786
Equity
€1.6m
2024 · €1.2m+€473,116
Cash
€48,893
2024 · €166,209-€117,316
Balance sheet total
€7.9m
2024 · €9.0m-€1.0m
Largest movements
Assets
- Deferred charges and accrued income +€1.2m
up €1.2m (+605.1%), from €205,268 to €1.4m
- Tangible fixed assets -€1.1m
down €1.1m (-37.5%), from €2.9m to €1.8m
of which Land and buildings: -€806,895
- Receivables within one year -€561,040
down €561,040 (-18.0%), from €3.1m to €2.5m
of which Trade receivables: -€426,091
- Stocks and contracts -€507,624
down €507,624 (-20.2%), from €2.5m to €2.0m
- Cash -€117,316
down €117,316 (-70.6%), from €166,209 to €48,893
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-39.7%), from €2.9m to €1.7m
- Short-term financial debts -€658,280
down €658,280 (-25.1%), from €2.6m to €2.0m
- Other debts +€511,420
new in 2025: €511,420
- Contributions +€500,000
up €500,000 (+344.8%), from €145,018 to €645,018
- Current portion of long-term debt -€132,360
down €132,360 (-29.2%), from €452,932 to €320,572
Income statement
- Turnover +€4.7m
up €4.7m (+32.6%), from €14.5m to €19.2m
- Goods and materials +€2.8m
up €2.8m (+25.6%), from €10.9m to €13.7m
of which Purchases: +€2.2m
- Staff costs +€1.2m
up €1.2m (+50.0%), from €2.5m to €3.7m
- Other operating income +€774,337
up €774,337 (+144.5%), from €535,975 to €1.3m
- Services and other goods +€647,460
up €647,460 (+46.6%), from €1.4m to €2.0m
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
-€314,406
Turnover
+€4.7m
Other operating income
+€774,337
Goods and materials
-€2.8m
Services and other goods
-€647,460
Staff costs
-€1.2m
Depreciation
-€246,023
Write-downs
-€108,815
Other operating charges
-€31,186
Other operating items
+€75,703
Financial income
+€53,777
Financial charges
-€176,649
Taxes
-€5,930
Result 2025
€47,380
Cash bridge derived
A cash bridge needs two consecutive fiscal 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 | €8,980,129 | €7,930,216 | -€1.0m | -11.7% |
| Fixed assets | 21/28 | €2,980,490 | €1,874,541 | -€1.1m | -37.1% |
| Intangible fixed assets | 21 | €34,943 | €17,492 | -€17,451 | -49.9% |
| Tangible fixed assets | 22/27 | €2,900,399 | €1,811,900 | -€1.1m | -37.5% |
| Land and buildings | 22 | €1,584,205 | €777,310 | -€806,895 | -50.9% |
| Plant, machinery and equipment | 23 | €54,499 | €59,216 | +€4,718 | +8.7% |
| Furniture and vehicles | 24 | €236,754 | €243,808 | +€7,054 | +3.0% |
| Other tangible fixed assets | 26 | €999,941 | €706,566 | -€293,375 | -29.3% |
| Assets under construction and advance payments | 27 | €25,000 | €25,000 | = | 0.0% |
| Financial fixed assets | 28 | €45,149 | €45,149 | = | 0.0% |
| Affiliated companies | 280/1 | €45,000 | €45,000 | = | 0.0% |
| Participating interests | 280 | €45,000 | €45,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €149 | €149 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €5,999,639 | €6,055,676 | +€56,037 | +0.9% |
| Stocks and contracts in progress | 3 | €2,518,592 | €2,010,968 | -€507,624 | -20.2% |
| Stocks | 30/36 | €2,518,592 | €2,010,968 | -€507,624 | -20.2% |
| Goods purchased for resale | 34 | €2,518,592 | €2,010,968 | -€507,624 | -20.2% |
| Amounts receivable within one year | 40/41 | €3,109,570 | €2,548,530 | -€561,040 | -18.0% |
| Trade receivables | 40 | €2,755,640 | €2,329,549 | -€426,091 | -15.5% |
| Other amounts receivable | 41 | €353,930 | €218,981 | -€134,949 | -38.1% |
| Cash at bank and in hand | 54/58 | €166,209 | €48,893 | -€117,316 | -70.6% |
| Deferred charges and accrued income | 490/1 | €205,268 | €1,447,285 | +€1.2m | +605.1% |
| Total equity and liabilities | 10/49 | €8,980,129 | €7,930,216 | -€1.0m | -11.7% |
| Equity | 10/15 | €1,162,291 | €1,635,407 | +€473,116 | +40.7% |
| Contributions | 10/11 | €145,018 | €645,018 | +€500,000 | +344.8% |
| Reserves | 13 | €14,502 | €14,502 | = | 0.0% |
| Distributable reserves | 133 | €14,502 | €14,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €672,372 | €719,752 | +€47,380 | +7.0% |
| Investment grants | 15 | €330,399 | €256,135 | -€74,264 | -22.5% |
| Amounts payable | 17/49 | €7,817,839 | €6,294,810 | -€1.5m | -19.5% |
| Amounts payable after more than one year | 17 | €1,459,539 | €1,439,920 | -€19,619 | -1.3% |
| Financial debts | 170/4 | €1,455,939 | €1,436,320 | -€19,619 | -1.3% |
| Credit institutions | 173 | €1,455,939 | €1,436,320 | -€19,619 | -1.3% |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,355,172 | €4,854,889 | -€1.5m | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €452,932 | €320,572 | -€132,360 | -29.2% |
| Financial debts | 43 | €2,624,054 | €1,965,774 | -€658,280 | -25.1% |
| Credit institutions | 430/8 | €2,624,054 | €1,965,774 | -€658,280 | -25.1% |
| Trade debts | 44 | €2,860,706 | €1,725,357 | -€1.1m | -39.7% |
| Suppliers | 440/4 | €2,860,706 | €1,725,357 | -€1.1m | -39.7% |
| Advances received on contracts in progress | 46 | - | €397 | +€397 | |
| Taxes, remuneration and social security | 45 | €417,480 | €331,369 | -€86,111 | -20.6% |
| Taxes | 450/3 | €85,182 | €96,933 | +€11,751 | +13.8% |
| Remuneration and social security | 454/9 | €332,297 | €234,436 | -€97,862 | -29.5% |
| Other amounts payable | 47/48 | - | €511,420 | +€511,420 | |
| Accrued charges and deferred income | 492/3 | €3,127 | - | -€3,127 | |
| Operating income | 70/76A | €15,159,356 | €20,730,716 | +€5.6m | +36.8% |
| Turnover | 70 | €14,501,592 | €19,222,912 | +€4.7m | +32.6% |
| Own construction capitalised | 72 | €121,789 | €197,492 | +€75,703 | +62.2% |
| Other operating income | 74 | €535,975 | €1,310,312 | +€774,337 | +144.5% |
| Operating charges | 60/66A | €15,261,966 | €20,342,739 | +€5.1m | +33.3% |
| Goods for resale, raw materials and consumables | 60 | €10,919,191 | €13,718,764 | +€2.8m | +25.6% |
| Purchases | 600/8 | €11,066,448 | €13,227,346 | +€2.2m | +19.5% |
| Change in stocks: decrease (increase) | 609 | -€147,257 | €491,418 | +€638,675 | |
| Services and other goods | 61 | €1,389,265 | €2,036,725 | +€647,460 | +46.6% |
| Remuneration, social security and pensions | 62 | €2,497,584 | €3,745,299 | +€1.2m | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503,369 | €749,392 | +€246,023 | +48.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€92,610 | €16,205 | +€108,815 | |
| Other operating charges | 640/8 | €45,168 | €76,354 | +€31,186 | +69.0% |
| Operating profit (loss) | 9901 | -€102,610 | €387,977 | +€490,587 | |
| Financial income | 75/76B | €22,538 | €76,315 | +€53,777 | +238.6% |
| Recurring financial income | 75 | €22,538 | €76,315 | +€53,777 | +238.6% |
| Income from current assets | 751 | €6,673 | €448 | -€6,225 | -93.3% |
| Other financial income | 752/9 | €15,864 | €75,867 | +€60,003 | +378.2% |
| Financial charges | 65/66B | €235,378 | €412,027 | +€176,649 | +75.0% |
| Recurring financial charges | 65 | €235,378 | €412,027 | +€176,649 | +75.0% |
| Debt charges | 650 | €180,295 | €318,419 | +€138,124 | +76.6% |
| Other financial charges | 652/9 | €55,083 | €93,607 | +€38,525 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | -€315,450 | €52,265 | +€367,716 | |
| Income taxes | 67/77 | -€1,044 | €4,885 | +€5,930 | |
| Taxes | 670/3 | €4,000 | €5,000 | +€1,000 | +25.0% |
| Tax adjustments and reversals of tax provisions | 77 | €5,044 | €115 | -€4,930 | -97.7% |
| Profit (loss) for the period | 9904 | -€314,406 | €47,380 | +€361,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€314,406 | €47,380 | +€361,786 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.