ILO INVEST: what changed
ILO INVEST
Largest movements
- Tangible fixed assets +€44,104
up €44,104 (+35.5%), from €124,227 to €168,332
of which Furniture and vehicles: +€62,866
- Stocks and contracts -€37,500
down €37,500 (-36.6%), from €102,500 to €65,000
of which Stocks: -€28,000
- Cash +€6,983
up €6,983 (+379%), from €1,841 to €8,824
mainly Debts after one year (+€55,261) and Depreciation (+€48,482)
- Deferred charges and accrued income -€5,261
down €5,261 (-25.9%), from €20,307 to €15,045
- Profit (loss) carried forward -€79,407
down €79,407, from €5,171 to -€74,236
- Debts after one year +€55,261
up €55,261 (+72.1%), from €76,629 to €131,889
of which Financial debts: +€68,703
- Trade debts +€22,126
up €22,126 (+21.8%), from €101,272 to €123,397
- Current portion of long-term debt +€15,037
up €15,037 (+141%), from €10,655 to €25,692
- Other debts -€4,640
down €4,640 (-100%), from €4,640 to €0
- Gross operating margin -€56,387
down €56,387 (-24.0%), from €235,078 to €178,690
- Depreciation +€14,949
up €14,949 (+44.6%), from €33,533 to €48,482
- Financial charges +€11,363
up €11,363 (+678%), from €1,676 to €13,039
- Staff costs +€7,301
up €7,301 (+4.0%), from €180,435 to €187,736
- Other operating charges +€4,110
up €4,110 (+93.0%), from €4,421 to €8,532
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,319 | €331,369 | +€7,050 | +2.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €126,027 | €170,132 | +€44,104 | +35.0% |
| Tangible fixed assets | 22/27 | €124,227 | €168,332 | +€44,104 | +35.5% |
| Plant, machinery and equipment | 23 | €44,024 | €27,098 | -€16,926 | -38.4% |
| Furniture and vehicles | 24 | €74,268 | €137,134 | +€62,866 | +84.6% |
| Other tangible fixed assets | 26 | €5,936 | €4,100 | -€1,836 | -30.9% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €198,292 | €161,238 | -€37,054 | -18.7% |
| Stocks and contracts in progress | 3 | €102,500 | €65,000 | -€37,500 | -36.6% |
| Stocks | 30/36 | €63,000 | €35,000 | -€28,000 | -44.4% |
| Contracts in progress | 37 | €39,500 | €30,000 | -€9,500 | -24.1% |
| Amounts receivable within one year | 40/41 | €73,644 | €72,368 | -€1,276 | -1.7% |
| Trade receivables | 40 | €64,789 | €68,693 | +€3,904 | +6.0% |
| Other amounts receivable | 41 | €8,855 | €3,675 | -€5,180 | -58.5% |
| Cash at bank and in hand | 54/58 | €1,841 | €8,824 | +€6,983 | +379% |
| Deferred charges and accrued income | 490/1 | €20,307 | €15,045 | -€5,261 | -25.9% |
| Total equity and liabilities | 10/49 | €324,319 | €331,369 | +€7,050 | +2.2% |
| Equity | 10/15 | €50,752 | -€28,655 | -€79,407 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €35,581 | €35,581 | = | 0.0% |
| Distributable reserves | 133 | €35,581 | €35,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,171 | -€74,236 | -€79,407 | |
| Amounts payable | 17/49 | €273,567 | €360,025 | +€86,458 | +31.6% |
| Amounts payable after more than one year | 17 | €76,629 | €131,889 | +€55,261 | +72.1% |
| Financial debts | 170/4 | €11,141 | €79,844 | +€68,703 | +617% |
| Other amounts payable | 178/9 | €65,488 | €52,045 | -€13,443 | -20.5% |
| Amounts payable within one year | 42/48 | €196,939 | €228,136 | +€31,197 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €10,655 | €25,692 | +€15,037 | +141% |
| Trade debts | 44 | €101,272 | €123,397 | +€22,126 | +21.8% |
| Suppliers | 440/4 | €101,272 | €123,397 | +€22,126 | +21.8% |
| Taxes, remuneration and social security | 45 | €80,372 | €79,046 | -€1,326 | -1.6% |
| Taxes | 450/3 | €26,588 | €12,255 | -€14,334 | -53.9% |
| Remuneration and social security | 454/9 | €53,784 | €66,792 | +€13,008 | +24.2% |
| Other amounts payable | 47/48 | €4,640 | €0 | -€4,640 | -100% |
| Remuneration, social security and pensions | 62 | €180,435 | €187,736 | +€7,301 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,533 | €48,482 | +€14,949 | +44.6% |
| Other operating charges | 640/8 | €4,421 | €8,532 | +€4,110 | +93.0% |
| Non-recurring operating charges | 66A | €9,005 | €0 | -€9,005 | -100% |
| Gross operating margin | 9900 | €235,078 | €178,690 | -€56,387 | -24.0% |
| Operating profit (loss) | 9901 | €7,683 | -€66,060 | -€73,743 | |
| Financial income | 75/76B | €948 | €330 | -€618 | -65.2% |
| Recurring financial income | 75 | €948 | €330 | -€618 | -65.2% |
| Financial charges | 65/66B | €1,676 | €13,039 | +€11,363 | +678% |
| Recurring financial charges | 65 | €1,676 | €13,039 | +€11,363 | +678% |
| Profit (loss) for the period before taxes | 9903 | €6,955 | -€78,769 | -€85,724 | |
| Income taxes | 67/77 | €1,784 | €638 | -€1,146 | -64.2% |
| Profit (loss) for the period | 9904 | €5,171 | -€79,407 | -€84,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,171 | -€79,407 | -€84,578 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.