ILSA: 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.
ILSA
Largest movements
- Cash -€102,356
down €102,356 (-16.9%), from €605,202 to €502,846
mainly Receivables within one year (-€91,372) and Trade debts (-€4,437)
- Receivables within one year +€91,372
up €91,372 (+505%), from €18,099 to €109,471
of which Other amounts receivable: +€99,637
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€89,175
down €89,175 (-62.9%), from €141,813 to €52,638
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 | €623,301 | €612,561 | -€10,740 | -1.7% |
| Current assets | 29/58 | €623,301 | €612,561 | -€10,740 | -1.7% |
| Amounts receivable within one year | 40/41 | €18,099 | €109,471 | +€91,372 | +505% |
| Trade receivables | 40 | €17,736 | €9,471 | -€8,265 | -46.6% |
| Other amounts receivable | 41 | €363 | €100,000 | +€99,637 | +27,448% |
| Cash at bank and in hand | 54/58 | €605,202 | €502,846 | -€102,356 | -16.9% |
| Deferred charges and accrued income | 490/1 | - | €244 | +€244 | |
| Total equity and liabilities | 10/49 | €623,301 | €612,561 | -€10,740 | -1.7% |
| Equity | 10/15 | €567,398 | €565,566 | -€1,833 | -0.3% |
| Contributions | 10/11 | €220,600 | €220,600 | = | 0.0% |
| Reserves | 13 | €346,788 | €344,966 | -€1,822 | -0.5% |
| Tax-exempt reserves | 132 | €111,751 | €111,751 | = | 0.0% |
| Distributable reserves | 133 | €235,037 | €233,215 | -€1,822 | -0.8% |
| Profit (loss) carried forward | 14 | €10 | - | -€10 | |
| Provisions and deferred taxes | 16 | €33,136 | €33,136 | = | 0.0% |
| Deferred taxes | 168 | €33,136 | €33,136 | = | 0.0% |
| Amounts payable | 17/49 | €22,767 | €13,859 | -€8,908 | -39.1% |
| Amounts payable within one year | 42/48 | €21,367 | €13,859 | -€7,508 | -35.1% |
| Trade debts | 44 | €6,479 | €2,043 | -€4,437 | -68.5% |
| Suppliers | 440/4 | €6,479 | €2,043 | -€4,437 | -68.5% |
| Taxes, remuneration and social security | 45 | €12,496 | €11,816 | -€680 | -5.4% |
| Taxes | 450/3 | €3,437 | €2,181 | -€1,255 | -36.5% |
| Remuneration and social security | 454/9 | €9,059 | €9,635 | +€576 | +6.4% |
| Other amounts payable | 47/48 | €2,392 | - | -€2,392 | |
| Accrued charges and deferred income | 492/3 | €1,400 | - | -€1,400 | |
| Remuneration, social security and pensions | 62 | €52,518 | €53,287 | +€769 | +1.5% |
| Other operating charges | 640/8 | €499 | €1,105 | +€605 | +121% |
| Gross operating margin | 9900 | €141,813 | €52,638 | -€89,175 | -62.9% |
| Operating profit (loss) | 9901 | €88,796 | -€1,753 | -€90,549 | |
| Financial charges | 65/66B | - | €79 | +€79 | |
| Recurring financial charges | 65 | - | €79 | +€79 | |
| Profit (loss) for the period before taxes | 9903 | €88,796 | -€1,833 | -€90,628 | |
| Transfer to deferred taxes | 680 | €22,091 | - | -€22,091 | |
| Income taxes | 67/77 | €422 | - | -€422 | |
| Profit (loss) for the period | 9904 | €66,283 | -€1,833 | -€68,115 | |
| Transfer to tax-exempt reserves | 689 | €66,273 | - | -€66,273 | |
| Profit (loss) for the period to be appropriated | 9905 | €10 | -€1,833 | -€1,843 |
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 16 October 2026 via checked.be.