ILLUMINATO: what changed
ILLUMINATO
Largest movements
- Cash -€6,572
down €6,572 (-93.6%), from €7,020 to €449
mainly Other debts (-€12,000) and Tax, wage and social debts (-€2,224)
- Receivables within one year -€4,628
down €4,628 (-90.3%), from €5,128 to €500
- Stocks and contracts -€3,684
down €3,684 (-32.4%), from €11,365 to €7,681
- Formation expenses -€377
down €377 (-72.7%), from €519 to €142
- Deferred charges and accrued income +€250
up €250 (+285%), from €87 to €337
- Other debts -€12,000
down €12,000 (-66.7%), from €18,000 to €6,000
- Tax, wage and social debts -€2,224
down €2,224 (-75.9%), from €2,932 to €708
- Profit (loss) carried forward -€446
down €446 (-15.0%), from -€2,980 to -€3,426
- Trade debts -€342
down €342 (-29.3%), from €1,169 to €826
- Gross operating margin -€2,049
down €2,049 (-76.4%), from €2,680 to €631
- Other operating charges -€145
down €145 (-19.2%), from €754 to €610
- Financial income -€112
down €112 (-91.8%), from €122 to €10
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,120 | €9,108 | -€15,012 | -62.2% |
| Formation expenses | 20 | €519 | €142 | -€377 | -72.7% |
| Current assets | 29/58 | €23,601 | €8,967 | -€14,635 | -62.0% |
| Stocks and contracts in progress | 3 | €11,365 | €7,681 | -€3,684 | -32.4% |
| Stocks | 30/36 | €11,365 | €7,681 | -€3,684 | -32.4% |
| Amounts receivable within one year | 40/41 | €5,128 | €500 | -€4,628 | -90.3% |
| Trade receivables | 40 | €5,128 | €500 | -€4,628 | -90.3% |
| Cash at bank and in hand | 54/58 | €7,020 | €449 | -€6,572 | -93.6% |
| Deferred charges and accrued income | 490/1 | €87 | €337 | +€250 | +285% |
| Total equity and liabilities | 10/49 | €24,120 | €9,108 | -€15,012 | -62.2% |
| Equity | 10/15 | €2,020 | €1,574 | -€446 | -22.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,980 | -€3,426 | -€446 | -15.0% |
| Amounts payable | 17/49 | €22,100 | €7,534 | -€14,566 | -65.9% |
| Amounts payable within one year | 42/48 | €22,100 | €7,534 | -€14,566 | -65.9% |
| Trade debts | 44 | €1,169 | €826 | -€342 | -29.3% |
| Suppliers | 440/4 | €1,169 | €826 | -€342 | -29.3% |
| Taxes, remuneration and social security | 45 | €2,932 | €708 | -€2,224 | -75.9% |
| Taxes | 450/3 | €2,932 | €708 | -€2,224 | -75.9% |
| Other amounts payable | 47/48 | €18,000 | €6,000 | -€12,000 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €377 | = | 0.0% |
| Other operating charges | 640/8 | €754 | €610 | -€145 | -19.2% |
| Gross operating margin | 9900 | €2,680 | €631 | -€2,049 | -76.4% |
| Operating profit (loss) | 9901 | €1,548 | -€356 | -€1,904 | |
| Financial income | 75/76B | €122 | €10 | -€112 | -91.8% |
| Recurring financial income | 75 | €122 | €10 | -€112 | -91.8% |
| Financial charges | 65/66B | €98 | €100 | +€2 | +1.9% |
| Recurring financial charges | 65 | €98 | €100 | +€2 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €1,573 | -€446 | -€2,018 | |
| Profit (loss) for the period | 9904 | €1,573 | -€446 | -€2,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,573 | -€446 | -€2,018 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.