ILNATEX: 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.
ILNATEX
Largest movements
- Tangible fixed assets +€76,802
up €76,802 (+11.8%), from €649,211 to €726,013
of which Land and buildings: +€78,771
- Cash -€51,145
down €51,145 (-79.8%), from €64,079 to €12,935
mainly Investment in fixed assets (net) (-€111,829) and Receivables within one year (-€3,022)
- Reserves +€19,238
up €19,238 (+2.9%), from €654,118 to €673,356
of which Distributable reserves: +€19,238
- Gross operating margin -€13,579
down €13,579 (-14.2%), from €95,900 to €82,321
- Taxes -€6,133
down €6,133 (-40.6%), from €15,110 to €8,978
- Depreciation +€4,869
up €4,869 (+16.1%), from €30,158 to €35,027
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 | €952,304 | €972,035 | +€19,731 | +2.1% |
| Fixed assets | 21/28 | €649,211 | €726,013 | +€76,802 | +11.8% |
| Tangible fixed assets | 22/27 | €649,211 | €726,013 | +€76,802 | +11.8% |
| Land and buildings | 22 | €638,351 | €717,122 | +€78,771 | +12.3% |
| Plant, machinery and equipment | 23 | €10,860 | €8,891 | -€1,969 | -18.1% |
| Current assets | 29/58 | €303,092 | €246,021 | -€57,071 | -18.8% |
| Amounts receivable within one year | 40/41 | €0 | €3,022 | +€3,022 | |
| Other amounts receivable | 41 | €0 | €3,022 | +€3,022 | |
| Current investments | 50/53 | €230,065 | €230,065 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,079 | €12,935 | -€51,145 | -79.8% |
| Deferred charges and accrued income | 490/1 | €8,949 | €0 | -€8,949 | -100.0% |
| Total equity and liabilities | 10/49 | €952,304 | €972,035 | +€19,731 | +2.1% |
| Equity | 10/15 | €716,118 | €735,356 | +€19,238 | +2.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €654,118 | €673,356 | +€19,238 | +2.9% |
| Non-distributable reserves | 130/1 | €13,063 | €13,063 | = | 0.0% |
| Legal reserve | 130 | €7,770 | €7,770 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,293 | €5,293 | = | 0.0% |
| Distributable reserves | 133 | €641,056 | €660,294 | +€19,238 | +3.0% |
| Amounts payable | 17/49 | €236,185 | €236,678 | +€493 | +0.2% |
| Amounts payable within one year | 42/48 | €236,185 | €236,678 | +€493 | +0.2% |
| Trade debts | 44 | €129 | €749 | +€620 | +478.6% |
| Suppliers | 440/4 | €129 | €749 | +€620 | +478.6% |
| Taxes, remuneration and social security | 45 | €127 | €0 | -€127 | -100.0% |
| Taxes | 450/3 | €127 | €0 | -€127 | -100.0% |
| Other amounts payable | 47/48 | €235,929 | €235,929 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,158 | €35,027 | +€4,869 | +16.1% |
| Other operating charges | 640/8 | €17,891 | €18,732 | +€841 | +4.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €95,900 | €82,321 | -€13,579 | -14.2% |
| Operating profit (loss) | 9901 | €47,851 | €28,562 | -€19,289 | -40.3% |
| Financial charges | 65/66B | €314 | €346 | +€32 | +10.2% |
| Recurring financial charges | 65 | €314 | €346 | +€32 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €47,537 | €28,216 | -€19,321 | -40.6% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €15,110 | €8,978 | -€6,133 | -40.6% |
| Profit (loss) for the period | 9904 | €32,427 | €19,238 | -€13,188 | -40.7% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €32,427 | €19,238 | -€13,188 | -40.7% |
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 7 October 2026 via checked.be.