ILPA: 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.
ILPA
Largest movements
- Cash +€9,008
up €9,008 (+7.9%), from €113,345 to €122,353
mainly Net result for the year (+€17,077) and Depreciation (+€517)
- Reserves +€8,473
up €8,473 (+10.8%), from €78,643 to €87,116
of which Distributable reserves: +€8,216
- Taxes -€682
down €682 (-17.7%), from €3,860 to €3,177
- Other operating charges +€364
up €364 (+12.3%), from €2,957 to €3,322
- Gross operating margin +€315
up €315 (+1.3%), from €23,808 to €24,122
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 | €149,346 | €157,897 | +€8,551 | +5.7% |
| Fixed assets | 21/28 | €34,209 | €33,692 | -€517 | -1.5% |
| Tangible fixed assets | 22/27 | €34,209 | €33,692 | -€517 | -1.5% |
| Land and buildings | 22 | €33,763 | €33,469 | -€294 | -0.9% |
| Plant, machinery and equipment | 23 | €446 | €223 | -€223 | -50.0% |
| Current assets | 29/58 | €115,138 | €124,206 | +€9,068 | +7.9% |
| Cash at bank and in hand | 54/58 | €113,345 | €122,353 | +€9,008 | +7.9% |
| Deferred charges and accrued income | 490/1 | €1,792 | €1,853 | +€60 | +3.4% |
| Total equity and liabilities | 10/49 | €149,346 | €157,897 | +€8,551 | +5.7% |
| Equity | 10/15 | €140,643 | €149,116 | +€8,473 | +6.0% |
| 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 | €78,643 | €87,116 | +€8,473 | +10.8% |
| Non-distributable reserves | 130/1 | €5,943 | €6,200 | +€257 | +4.3% |
| Legal reserve | 130 | €5,943 | €6,200 | +€257 | +4.3% |
| Distributable reserves | 133 | €72,700 | €80,916 | +€8,216 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,703 | €8,781 | +€78 | +0.9% |
| Amounts payable within one year | 42/48 | €8,703 | €8,781 | +€78 | +0.9% |
| Taxes, remuneration and social security | 45 | €360 | €177 | -€182 | -50.7% |
| Taxes | 450/3 | €360 | €177 | -€182 | -50.7% |
| Other amounts payable | 47/48 | €8,343 | €8,604 | +€261 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €517 | = | 0.0% |
| Other operating charges | 640/8 | €2,957 | €3,322 | +€364 | +12.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €23,808 | €24,122 | +€315 | +1.3% |
| Operating profit (loss) | 9901 | €20,333 | €20,284 | -€49 | -0.2% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €20,305 | €20,254 | -€51 | -0.2% |
| Income taxes | 67/77 | €3,860 | €3,177 | -€682 | -17.7% |
| Profit (loss) for the period | 9904 | €16,445 | €17,077 | +€632 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,445 | €17,077 | +€632 | +3.8% |
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 9 October 2026 via checked.be.