ILLUMAC: 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.
ILLUMAC
Largest movements
- Cash +€28,790
up €28,790 (+89.4%), from €32,192 to €60,982
mainly Net result for the year (+€40,005) and Tax, wage and social debts (+€13,203)
- Current investments +€15,499
new in 2025: €15,499
- Receivables within one year +€4,727
up €4,727 (+29.3%), from €16,132 to €20,859
- Tangible fixed assets +€2,108
up €2,108 (+78.8%), from €2,675 to €4,782
of which Other tangible fixed assets: +€1,854
- Reserves +€38,339
up €38,339 (+126.9%), from €30,203 to €68,542
- Tax, wage and social debts +€13,203
up €13,203 (+76.2%), from €17,335 to €30,538
of which Taxes: +€16,453
- Trade debts +€1,312
up €1,312 (+2074.1%), from €63 to €1,376
- Accrued charges and deferred income -€1,283
down €1,283 (-100.0%), from €1,283 to €0
- Gross operating margin +€20,870
up €20,870 (+45.5%), from €45,898 to €66,767
- Financial charges +€5,716
up €5,716 (+7212.8%), from €79 to €5,795
- Taxes +€4,318
up €4,318 (+35.6%), from €12,135 to €16,453
- Write-downs +€3,448
new in 2025: €3,448
- Financial income +€1,992
up €1,992 (+9930.2%), from €20 to €2,012
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,525 | €102,344 | +€50,818 | +98.6% |
| Fixed assets | 21/28 | €2,675 | €4,782 | +€2,108 | +78.8% |
| Tangible fixed assets | 22/27 | €2,675 | €4,782 | +€2,108 | +78.8% |
| Furniture and vehicles | 24 | €994 | €1,248 | +€254 | +25.6% |
| Other tangible fixed assets | 26 | €1,681 | €3,535 | +€1,854 | +110.3% |
| Current assets | 29/58 | €48,851 | €97,561 | +€48,710 | +99.7% |
| Amounts receivable within one year | 40/41 | €16,132 | €20,859 | +€4,727 | +29.3% |
| Other amounts receivable | 41 | €16,132 | €20,859 | +€4,727 | +29.3% |
| Current investments | 50/53 | - | €15,499 | +€15,499 | |
| Cash at bank and in hand | 54/58 | €32,192 | €60,982 | +€28,790 | +89.4% |
| Deferred charges and accrued income | 490/1 | €528 | €222 | -€306 | -58.0% |
| Total equity and liabilities | 10/49 | €51,525 | €102,344 | +€50,818 | +98.6% |
| Equity | 10/15 | €30,204 | €68,543 | +€38,339 | +126.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €30,203 | €68,542 | +€38,339 | +126.9% |
| Distributable reserves | 133 | €30,203 | €68,542 | +€38,339 | +126.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,321 | €33,801 | +€12,480 | +58.5% |
| Amounts payable within one year | 42/48 | €20,038 | €33,801 | +€13,763 | +68.7% |
| Trade debts | 44 | €63 | €1,376 | +€1,312 | +2074.1% |
| Suppliers | 440/4 | €63 | €1,376 | +€1,312 | +2074.1% |
| Taxes, remuneration and social security | 45 | €17,335 | €30,538 | +€13,203 | +76.2% |
| Taxes | 450/3 | €14,085 | €30,538 | +€16,453 | +116.8% |
| Remuneration and social security | 454/9 | €3,250 | €0 | -€3,250 | -100.0% |
| Other amounts payable | 47/48 | €2,640 | €1,888 | -€752 | -28.5% |
| Accrued charges and deferred income | 492/3 | €1,283 | €0 | -€1,283 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €805 | €1,900 | +€1,095 | +136.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,448 | +€3,448 | |
| Other operating charges | 640/8 | €977 | €1,179 | +€202 | +20.7% |
| Gross operating margin | 9900 | €45,898 | €66,767 | +€20,870 | +45.5% |
| Operating profit (loss) | 9901 | €44,115 | €60,241 | +€16,125 | +36.6% |
| Financial income | 75/76B | €20 | €2,012 | +€1,992 | +9930.2% |
| Recurring financial income | 75 | €20 | €2,012 | +€1,992 | +9930.2% |
| Financial charges | 65/66B | €79 | €5,795 | +€5,716 | +7212.8% |
| Recurring financial charges | 65 | €79 | €5,795 | +€5,716 | +7212.8% |
| Profit (loss) for the period before taxes | 9903 | €44,056 | €56,457 | +€12,401 | +28.1% |
| Income taxes | 67/77 | €12,135 | €16,453 | +€4,318 | +35.6% |
| Profit (loss) for the period | 9904 | €31,921 | €40,005 | +€8,084 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,921 | €40,005 | +€8,084 | +25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.