ILM: 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.
ILM
Largest movements
- Tangible fixed assets -€47,452
down €47,452 (-7.6%), from €623,321 to €575,869
of which Plant, machinery and equipment: -€34,319
- Receivables within one year +€37,986
up €37,986 (+16.9%), from €225,378 to €263,364
of which Other amounts receivable: +€34,991
- Stocks and contracts +€12,940
up €12,940 (+34.9%), from €37,120 to €50,060
- Other debts +€114,881
new in 2025: €114,881
- Current portion of long-term debt -€52,862
down €52,862 (-50.6%), from €104,384 to €51,522
- Debts after one year -€51,522
down €51,522 (-21.3%), from €242,267 to €190,746
- Reserves -€18,928
down €18,928 (-3.7%), from €506,502 to €487,574
of which Distributable reserves: -€18,928
- Tax, wage and social debts +€16,715
up €16,715 (+37.7%), from €44,337 to €61,052
of which Taxes: +€16,353
- Gross operating margin +€20,262
up €20,262 (+9.0%), from €226,161 to €246,423
- Taxes +€15,396
up €15,396 (+37.8%), from €40,730 to €56,127
- Staff costs +€7,090
up €7,090 (+26.8%), from €26,422 to €33,512
- Other operating charges -€4,736
down €4,736 (-36.8%), from €12,864 to €8,128
- Financial charges -€2,808
down €2,808 (-22.6%), from €12,405 to €9,597
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 | €936,092 | €937,995 | +€1,903 | +0.2% |
| Fixed assets | 21/28 | €623,321 | €575,869 | -€47,452 | -7.6% |
| Tangible fixed assets | 22/27 | €623,321 | €575,869 | -€47,452 | -7.6% |
| Land and buildings | 22 | €228,207 | €218,436 | -€9,771 | -4.3% |
| Plant, machinery and equipment | 23 | €390,306 | €355,987 | -€34,319 | -8.8% |
| Furniture and vehicles | 24 | €4,809 | €1,446 | -€3,362 | -69.9% |
| Current assets | 29/58 | €312,771 | €362,126 | +€49,355 | +15.8% |
| Stocks and contracts in progress | 3 | €37,120 | €50,060 | +€12,940 | +34.9% |
| Stocks | 30/36 | €37,120 | €50,060 | +€12,940 | +34.9% |
| Amounts receivable within one year | 40/41 | €225,378 | €263,364 | +€37,986 | +16.9% |
| Trade receivables | 40 | €1,398 | €4,393 | +€2,995 | +214% |
| Other amounts receivable | 41 | €223,979 | €258,970 | +€34,991 | +15.6% |
| Cash at bank and in hand | 54/58 | €43,503 | €38,861 | -€4,641 | -10.7% |
| Deferred charges and accrued income | 490/1 | €6,771 | €9,841 | +€3,070 | +45.3% |
| Total equity and liabilities | 10/49 | €936,092 | €937,995 | +€1,903 | +0.2% |
| Equity | 10/15 | €525,102 | €506,210 | -€18,892 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €506,502 | €487,574 | -€18,928 | -3.7% |
| Tax-exempt reserves | 132 | €15,625 | €15,625 | = | 0.0% |
| Distributable reserves | 133 | €490,878 | €471,950 | -€18,928 | -3.9% |
| Profit (loss) carried forward | 14 | €0 | €36 | +€36 | |
| Amounts payable | 17/49 | €410,990 | €431,785 | +€20,796 | +5.1% |
| Amounts payable after more than one year | 17 | €242,267 | €190,746 | -€51,522 | -21.3% |
| Financial debts | 170/4 | €242,267 | €190,746 | -€51,522 | -21.3% |
| Amounts payable within one year | 42/48 | €168,698 | €241,040 | +€72,341 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €104,384 | €51,522 | -€52,862 | -50.6% |
| Financial debts | 43 | €6,784 | €6,750 | -€34 | -0.5% |
| Other loans | 439 | €6,784 | €6,750 | -€34 | -0.5% |
| Trade debts | 44 | €13,193 | €6,834 | -€6,359 | -48.2% |
| Suppliers | 440/4 | €13,193 | €6,834 | -€6,359 | -48.2% |
| Taxes, remuneration and social security | 45 | €44,337 | €61,052 | +€16,715 | +37.7% |
| Taxes | 450/3 | €42,283 | €58,636 | +€16,353 | +38.7% |
| Remuneration and social security | 454/9 | €2,054 | €2,417 | +€362 | +17.6% |
| Other amounts payable | 47/48 | - | €114,881 | +€114,881 | |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Remuneration, social security and pensions | 62 | €26,422 | €33,512 | +€7,090 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,941 | €48,679 | -€1,262 | -2.5% |
| Other operating charges | 640/8 | €12,864 | €8,128 | -€4,736 | -36.8% |
| Gross operating margin | 9900 | €226,161 | €246,423 | +€20,262 | +9.0% |
| Operating profit (loss) | 9901 | €136,934 | €156,104 | +€19,169 | +14.0% |
| Financial income | 75/76B | €11,768 | €12,856 | +€1,088 | +9.2% |
| Recurring financial income | 75 | €11,768 | €12,856 | +€1,088 | +9.2% |
| Financial charges | 65/66B | €12,405 | €9,597 | -€2,808 | -22.6% |
| Recurring financial charges | 65 | €12,405 | €9,597 | -€2,808 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €136,297 | €159,363 | +€23,065 | +16.9% |
| Income taxes | 67/77 | €40,730 | €56,127 | +€15,396 | +37.8% |
| Profit (loss) for the period | 9904 | €95,567 | €103,236 | +€7,669 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,567 | €103,236 | +€7,669 | +8.0% |
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 13 October 2026 via checked.be.