ILLUMINART: 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.
ILLUMINART
Largest movements
- Tangible fixed assets -€21,986
down €21,986 (-13.9%), from €157,763 to €135,777
of which Furniture and vehicles: -€31,010
- Cash -€17,460
down €17,460 (-38.9%), from €44,857 to €27,397
mainly Debts after one year (-€24,612) and Investment in fixed assets (net) (-€14,272)
- Receivables within one year +€8,859
up €8,859 (+93.7%), from €9,459 to €18,318
of which Other amounts receivable: +€8,859
- Debts after one year -€24,612
down €24,612 (-32.5%), from €75,682 to €51,071
- Reserves -€15,016
down €15,016 (-15.2%), from €98,842 to €83,826
of which Distributable reserves: -€15,016
- Trade debts +€14,874
up €14,874 (+557.4%), from €2,668 to €17,542
- Tax, wage and social debts -€4,444
down €4,444 (-97.2%), from €4,571 to €127
of which Taxes: -€4,444
- Other debts -€2,430
down €2,430 (-14.6%), from €16,639 to €14,209
- Taxes -€4,652
down €4,652 (-77.1%), from €6,032 to €1,379
- Depreciation +€4,548
up €4,548 (+14.3%), from €31,711 to €36,258
- Other operating charges +€460
up €460 (+40.4%), from €1,140 to €1,601
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 | €228,138 | €197,603 | -€30,535 | -13.4% |
| Fixed assets | 21/28 | €157,773 | €135,787 | -€21,986 | -13.9% |
| Tangible fixed assets | 22/27 | €157,763 | €135,777 | -€21,986 | -13.9% |
| Land and buildings | 22 | €34,020 | €40,405 | +€6,385 | +18.8% |
| Plant, machinery and equipment | 23 | €4,550 | €7,189 | +€2,639 | +58.0% |
| Furniture and vehicles | 24 | €119,193 | €88,183 | -€31,010 | -26.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €70,365 | €61,817 | -€8,548 | -12.1% |
| Amounts receivable within one year | 40/41 | €9,459 | €18,318 | +€8,859 | +93.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,459 | €18,318 | +€8,859 | +93.7% |
| Cash at bank and in hand | 54/58 | €44,857 | €27,397 | -€17,460 | -38.9% |
| Deferred charges and accrued income | 490/1 | €16,049 | €16,101 | +€52 | +0.3% |
| Total equity and liabilities | 10/49 | €228,138 | €197,603 | -€30,535 | -13.4% |
| Equity | 10/15 | €105,042 | €90,026 | -€15,016 | -14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,842 | €83,826 | -€15,016 | -15.2% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €98,842 | €83,826 | -€15,016 | -15.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €123,096 | €107,577 | -€15,519 | -12.6% |
| Amounts payable after more than one year | 17 | €75,682 | €51,071 | -€24,612 | -32.5% |
| Financial debts | 170/4 | €75,682 | €51,071 | -€24,612 | -32.5% |
| Amounts payable within one year | 42/48 | €47,414 | €56,507 | +€9,093 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €23,521 | €24,612 | +€1,091 | +4.6% |
| Financial debts | 43 | €15 | €17 | +€2 | +13.3% |
| Credit institutions | 430/8 | €15 | €17 | +€2 | +13.3% |
| Trade debts | 44 | €2,668 | €17,542 | +€14,874 | +557.4% |
| Suppliers | 440/4 | €2,668 | €17,542 | +€14,874 | +557.4% |
| Taxes, remuneration and social security | 45 | €4,571 | €127 | -€4,444 | -97.2% |
| Taxes | 450/3 | €4,571 | €127 | -€4,444 | -97.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,639 | €14,209 | -€2,430 | -14.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,711 | €36,258 | +€4,548 | +14.3% |
| Other operating charges | 640/8 | €1,140 | €1,601 | +€460 | +40.4% |
| Non-recurring operating charges | 66A | €3,140 | €0 | -€3,140 | -100.0% |
| Gross operating margin | 9900 | €42,798 | €42,693 | -€105 | -0.2% |
| Operating profit (loss) | 9901 | €6,807 | €4,435 | -€2,373 | -34.9% |
| Financial income | 75/76B | €412 | €121 | -€291 | -70.6% |
| Recurring financial income | 75 | €412 | €121 | -€291 | -70.6% |
| Financial charges | 65/66B | €4,724 | €4,783 | +€59 | +1.3% |
| Recurring financial charges | 65 | €4,724 | €4,783 | +€59 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €2,495 | -€228 | -€2,723 | |
| Income taxes | 67/77 | €6,032 | €1,379 | -€4,652 | -77.1% |
| Profit (loss) for the period | 9904 | -€3,537 | -€1,607 | +€1,929 | +54.6% |
| Transfer from tax-exempt reserves | 789 | €35,600 | €0 | -€35,600 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,063 | -€1,607 | -€33,671 |
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 9 October 2026 via checked.be.