ILOPES: 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.
ILOPES
Largest movements
- Cash -€101,655
down €101,655 (-96.0%), from €105,887 to €4,232
mainly Receivables within one year (-€72,813) and Tax, wage and social debts (-€16,535)
- Receivables within one year +€72,813
up €72,813 (+123.1%), from €59,168 to €131,981
of which Other amounts receivable: +€58,695
- Tangible fixed assets -€7,170
down €7,170 (-87.0%), from €8,242 to €1,072
- Tax, wage and social debts -€16,535
down €16,535 (-47.7%), from €34,693 to €18,159
of which Taxes: -€16,535
- Reserves -€13,046
down €13,046 (-13.4%), from €97,034 to €83,988
- Debts after one year -€5,094
down €5,094 (-41.6%), from €12,253 to €7,159
- Gross operating margin -€58,967
down €58,967, from €57,253 to -€1,714
- Taxes -€11,959
down €11,959 (-100.0%), from €11,959 to €0
- Financial charges -€1,767
down €1,767 (-29.6%), from €5,963 to €4,196
- Depreciation -€1,078
down €1,078 (-51.5%), from €2,094 to €1,016
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 | €224,099 | €187,917 | -€36,183 | -16.1% |
| Fixed assets | 21/28 | €58,242 | €51,072 | -€7,170 | -12.3% |
| Tangible fixed assets | 22/27 | €8,242 | €1,072 | -€7,170 | -87.0% |
| Furniture and vehicles | 24 | €8,242 | €1,072 | -€7,170 | -87.0% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €165,857 | €136,844 | -€29,013 | -17.5% |
| Amounts receivable within one year | 40/41 | €59,168 | €131,981 | +€72,813 | +123.1% |
| Trade receivables | 40 | €26,224 | €40,343 | +€14,118 | +53.8% |
| Other amounts receivable | 41 | €32,944 | €91,638 | +€58,695 | +178.2% |
| Cash at bank and in hand | 54/58 | €105,887 | €4,232 | -€101,655 | -96.0% |
| Deferred charges and accrued income | 490/1 | €802 | €631 | -€171 | -21.3% |
| Total equity and liabilities | 10/49 | €224,099 | €187,917 | -€36,183 | -16.1% |
| Equity | 10/15 | €102,034 | €88,988 | -€13,046 | -12.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,034 | €83,988 | -€13,046 | -13.4% |
| Distributable reserves | 133 | €97,034 | €83,988 | -€13,046 | -13.4% |
| Amounts payable | 17/49 | €122,065 | €98,929 | -€23,136 | -19.0% |
| Amounts payable after more than one year | 17 | €12,253 | €7,159 | -€5,094 | -41.6% |
| Financial debts | 170/4 | €12,253 | €7,159 | -€5,094 | -41.6% |
| Amounts payable within one year | 42/48 | €105,770 | €88,842 | -€16,928 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €4,871 | €5,094 | +€224 | +4.6% |
| Trade debts | 44 | €4,173 | €5,609 | +€1,436 | +34.4% |
| Suppliers | 440/4 | €4,173 | €5,609 | +€1,436 | +34.4% |
| Taxes, remuneration and social security | 45 | €34,693 | €18,159 | -€16,535 | -47.7% |
| Taxes | 450/3 | €34,693 | €18,159 | -€16,535 | -47.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €62,033 | €59,980 | -€2,053 | -3.3% |
| Accrued charges and deferred income | 492/3 | €4,042 | €2,928 | -€1,114 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,094 | €1,016 | -€1,078 | -51.5% |
| Other operating charges | 640/8 | €273 | €307 | +€34 | +12.6% |
| Non-recurring operating charges | 66A | - | €5,813 | +€5,813 | |
| Gross operating margin | 9900 | €57,253 | -€1,714 | -€58,967 | |
| Operating profit (loss) | 9901 | €54,886 | -€8,851 | -€63,737 | |
| Financial income | 75/76B | €346 | €0 | -€346 | -100.0% |
| Recurring financial income | 75 | €346 | €0 | -€346 | -100.0% |
| Financial charges | 65/66B | €5,963 | €4,196 | -€1,767 | -29.6% |
| Recurring financial charges | 65 | €5,963 | €4,196 | -€1,767 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €49,268 | -€13,046 | -€62,315 | |
| Income taxes | 67/77 | €11,959 | €0 | -€11,959 | -100.0% |
| Profit (loss) for the period | 9904 | €37,309 | -€13,046 | -€50,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,309 | -€13,046 | -€50,356 |
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 3 October 2026 via checked.be.