ILLYRIA GROUP: 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.
ILLYRIA GROUP
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+221%), from €770,546 to €2.5m
of which Land and buildings: +€1.8m
- Receivables within one year +€73,518
up €73,518 (+8.7%), from €844,899 to €918,417
of which Trade receivables: +€38,787
- Deferred charges and accrued income -€50,000
down €50,000 (-100%), from €50,000 to €0
- Debts after one year +€2.1m
up €2.1m (+458%), from €455,195 to €2.5m
- Profit (loss) carried forward -€340,057
new in 2025: -€340,057
- Current portion of long-term debt +€76,567
up €76,567 (+36.6%), from €209,431 to €285,998
- Trade debts -€74,289
down €74,289 (-14.6%), from €510,398 to €436,110
- Short-term financial debts +€50,464
up €50,464 (+22.2%), from €227,180 to €277,643
- Depreciation +€259,595
up €259,595 (+135%), from €192,460 to €452,055
- Gross operating margin -€148,935
down €148,935 (-12.8%), from €1.2m to €1.0m
- Taxes +€53,787
up €53,787 (+89.0%), from €60,461 to €114,248
- Financial charges +€20,515
up €20,515 (+26.4%), from €77,837 to €98,352
- Other operating charges +€12,516
up €12,516 (+25.9%), from €48,262 to €60,778
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.
Derived cash bridge
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 | €2,504,777 | €4,267,685 | +€1.8m | +70.4% |
| Fixed assets | 21/28 | €884,611 | €2,619,627 | +€1.7m | +196% |
| Intangible fixed assets | 21 | €109,806 | €144,289 | +€34,482 | +31.4% |
| Tangible fixed assets | 22/27 | €770,546 | €2,471,080 | +€1.7m | +221% |
| Land and buildings | 22 | - | €1,838,782 | +€1.8m | |
| Plant, machinery and equipment | 23 | €519,538 | €414,349 | -€105,189 | -20.2% |
| Furniture and vehicles | 24 | €18,958 | €29,683 | +€10,725 | +56.6% |
| Leasing and similar rights | 25 | €232,050 | €188,266 | -€43,784 | -18.9% |
| Financial fixed assets | 28 | €4,259 | €4,259 | = | 0.0% |
| Current assets | 29/58 | €1,620,165 | €1,648,058 | +€27,892 | +1.7% |
| Stocks and contracts in progress | 3 | €681,206 | €649,508 | -€31,698 | -4.7% |
| Stocks | 30/36 | €681,206 | €649,508 | -€31,698 | -4.7% |
| Amounts receivable within one year | 40/41 | €844,899 | €918,417 | +€73,518 | +8.7% |
| Trade receivables | 40 | €817,060 | €855,846 | +€38,787 | +4.7% |
| Other amounts receivable | 41 | €27,839 | €62,570 | +€34,731 | +125% |
| Cash at bank and in hand | 54/58 | €44,061 | €80,134 | +€36,073 | +81.9% |
| Deferred charges and accrued income | 490/1 | €50,000 | €0 | -€50,000 | -100% |
| Total equity and liabilities | 10/49 | €2,504,777 | €4,267,685 | +€1.8m | +70.4% |
| Equity | 10/15 | €799,927 | €459,870 | -€340,057 | -42.5% |
| Contributions | 10/11 | €568,600 | €568,600 | = | 0.0% |
| Reserves | 13 | €231,327 | €231,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €229,467 | €229,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€340,057 | -€340,057 | |
| Amounts payable | 17/49 | €1,704,850 | €3,807,815 | +€2.1m | +123% |
| Amounts payable after more than one year | 17 | €455,195 | €2,539,575 | +€2.1m | +458% |
| Financial debts | 170/4 | €455,195 | €2,539,575 | +€2.1m | +458% |
| Amounts payable within one year | 42/48 | €1,249,655 | €1,268,241 | +€18,585 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €209,431 | €285,998 | +€76,567 | +36.6% |
| Financial debts | 43 | €227,180 | €277,643 | +€50,464 | +22.2% |
| Credit institutions | 430/8 | €227,180 | €277,643 | +€50,464 | +22.2% |
| Trade debts | 44 | €510,398 | €436,110 | -€74,289 | -14.6% |
| Suppliers | 440/4 | €510,398 | €436,110 | -€74,289 | -14.6% |
| Taxes, remuneration and social security | 45 | €232,656 | €236,040 | +€3,384 | +1.5% |
| Taxes | 450/3 | €132,835 | €155,841 | +€23,006 | +17.3% |
| Remuneration and social security | 454/9 | €99,821 | €80,200 | -€19,622 | -19.7% |
| Other amounts payable | 47/48 | €69,990 | €32,449 | -€37,541 | -53.6% |
| Remuneration, social security and pensions | 62 | €636,134 | €624,886 | -€11,249 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,460 | €452,055 | +€259,595 | +135% |
| Other operating charges | 640/8 | €48,262 | €60,778 | +€12,516 | +25.9% |
| Gross operating margin | 9900 | €1,159,197 | €1,010,262 | -€148,935 | -12.8% |
| Operating profit (loss) | 9901 | €282,340 | -€127,457 | -€409,797 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €77,837 | €98,352 | +€20,515 | +26.4% |
| Recurring financial charges | 65 | €77,837 | €98,352 | +€20,515 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €204,503 | -€225,809 | -€430,312 | |
| Income taxes | 67/77 | €60,461 | €114,248 | +€53,787 | +89.0% |
| Profit (loss) for the period | 9904 | €144,042 | -€340,057 | -€484,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €144,042 | -€340,057 | -€484,099 |
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 15 October 2026 via checked.be.