Ilodé: 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.
Ilodé
Largest movements
- Receivables within one year +€19,971
up €19,971 (+1,911%), from €1,045 to €21,016
- Formation expenses -€14,000
down €14,000 (-11.1%), from €126,000 to €112,000
- Stocks and contracts +€3,803
up €3,803 (+10.6%), from €35,741 to €39,544
- Debts after one year -€33,226
down €33,226 (-13.4%), from €247,226 to €214,000
- Trade debts +€23,812
up €23,812 (+202%), from €11,780 to €35,593
- Profit (loss) carried forward +€13,548
up €13,548 (+6.5%), from -€208,569 to -€195,021
- Short-term financial debts +€9,166
up €9,166 (+13.6%), from €67,525 to €76,691
- Current portion of long-term debt -€8,361
down €8,361 (-61.5%), from €13,586 to €5,226
- Gross operating margin -€3,968
down €3,968 (-8.2%), from €48,474 to €44,506
- Financial charges -€1,969
down €1,969 (-15.5%), from €12,695 to €10,726
- Other operating charges -€714
down €714 (-14.6%), from €4,885 to €4,171
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 | €175,619 | €185,247 | +€9,627 | +5.5% |
| Formation expenses | 20 | €126,000 | €112,000 | -€14,000 | -11.1% |
| Fixed assets | 21/28 | €9,216 | €8,955 | -€261 | -2.8% |
| Tangible fixed assets | 22/27 | €8,956 | €8,695 | -€261 | -2.9% |
| Plant, machinery and equipment | 23 | - | €3,497 | +€3,497 | |
| Furniture and vehicles | 24 | €883 | €1,213 | +€330 | +37.4% |
| Other tangible fixed assets | 26 | €8,073 | €3,985 | -€4,088 | -50.6% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €40,403 | €64,292 | +€23,889 | +59.1% |
| Stocks and contracts in progress | 3 | €35,741 | €39,544 | +€3,803 | +10.6% |
| Stocks | 30/36 | €35,741 | €39,544 | +€3,803 | +10.6% |
| Amounts receivable within one year | 40/41 | €1,045 | €21,016 | +€19,971 | +1,911% |
| Trade receivables | 40 | €1,045 | €21,016 | +€19,971 | +1,911% |
| Cash at bank and in hand | 54/58 | - | €285 | +€285 | |
| Deferred charges and accrued income | 490/1 | €3,617 | €3,446 | -€171 | -4.7% |
| Total equity and liabilities | 10/49 | €175,619 | €185,247 | +€9,627 | +5.5% |
| Equity | 10/15 | -€188,569 | -€175,021 | +€13,548 | +7.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,569 | -€195,021 | +€13,548 | +6.5% |
| Amounts payable | 17/49 | €364,188 | €360,267 | -€3,921 | -1.1% |
| Amounts payable after more than one year | 17 | €247,226 | €214,000 | -€33,226 | -13.4% |
| Financial debts | 170/4 | €247,226 | €214,000 | -€33,226 | -13.4% |
| Amounts payable within one year | 42/48 | €116,963 | €146,267 | +€29,305 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €13,586 | €5,226 | -€8,361 | -61.5% |
| Financial debts | 43 | €67,525 | €76,691 | +€9,166 | +13.6% |
| Credit institutions | 430/8 | €67,525 | €76,691 | +€9,166 | +13.6% |
| Trade debts | 44 | €11,780 | €35,593 | +€23,812 | +202% |
| Suppliers | 440/4 | €11,780 | €35,593 | +€23,812 | +202% |
| Taxes, remuneration and social security | 45 | €19,684 | €26,628 | +€6,944 | +35.3% |
| Taxes | 450/3 | €19,684 | €26,628 | +€6,944 | +35.3% |
| Other amounts payable | 47/48 | €4,387 | €2,129 | -€2,258 | -51.5% |
| Non-recurring operating income | 76A | - | €2,866 | +€2,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,264 | €18,352 | +€88 | +0.5% |
| Other operating charges | 640/8 | €4,885 | €4,171 | -€714 | -14.6% |
| Gross operating margin | 9900 | €48,474 | €44,506 | -€3,968 | -8.2% |
| Operating profit (loss) | 9901 | €25,325 | €21,983 | -€3,342 | -13.2% |
| Financial income | 75/76B | €2,616 | €2,566 | -€50 | -1.9% |
| Recurring financial income | 75 | €2,616 | €2,566 | -€50 | -1.9% |
| Financial charges | 65/66B | €12,695 | €10,726 | -€1,969 | -15.5% |
| Recurring financial charges | 65 | €12,695 | €10,726 | -€1,969 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €15,246 | €13,824 | -€1,423 | -9.3% |
| Income taxes | 67/77 | €284 | €276 | -€9 | -3.0% |
| Profit (loss) for the period | 9904 | €14,962 | €13,548 | -€1,414 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,962 | €13,548 | -€1,414 | -9.4% |
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.