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
- Receivables within one year +€22,940
up €22,940 (+44.3%), from €51,746 to €74,685
- Cash +€2,660
up €2,660 (+38.5%), from €6,903 to €9,564
mainly Net result for the year (+€15,915) and Trade debts (+€4,995)
- Stocks and contracts -€2,300
down €2,300 (-100.0%), from €2,300 to €0
- Tangible fixed assets -€1,893
down €1,893 (-54.9%), from €3,446 to €1,553
of which Furniture and vehicles: -€1,285
- Deferred charges and accrued income -€1,254
down €1,254 (-100.0%), from €1,254 to €0
- Profit (loss) carried forward +€15,915
up €15,915 (+14.2%), from -€111,698 to -€95,783
- Trade debts +€4,995
up €4,995 (+17.7%), from €28,275 to €33,270
- Tax, wage and social debts -€4,957
down €4,957 (-31.0%), from €16,008 to €11,051
of which Remuneration and social security: -€8,027
- Other debts +€4,200
up €4,200 (+6.5%), from €64,550 to €68,750
- Gross operating margin +€26,720
up €26,720 (+211.8%), from €12,613 to €39,334
- Staff costs -€7,044
down €7,044 (-26.9%), from €26,214 to €19,169
- Depreciation -€1,754
down €1,754 (-48.1%), from €3,647 to €1,893
- Other operating charges -€813
down €813 (-63.0%), from €1,290 to €477
- Financial charges +€449
up €449 (+30.5%), from €1,472 to €1,921
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,328 | €91,481 | +€20,153 | +28.3% |
| Fixed assets | 21/28 | €9,125 | €7,232 | -€1,893 | -20.7% |
| Tangible fixed assets | 22/27 | €3,446 | €1,553 | -€1,893 | -54.9% |
| Plant, machinery and equipment | 23 | €607 | €0 | -€607 | -100.0% |
| Furniture and vehicles | 24 | €2,838 | €1,553 | -€1,285 | -45.3% |
| Financial fixed assets | 28 | €5,679 | €5,679 | = | 0.0% |
| Current assets | 29/58 | €62,203 | €84,249 | +€22,046 | +35.4% |
| Stocks and contracts in progress | 3 | €2,300 | €0 | -€2,300 | -100.0% |
| Stocks | 30/36 | €2,300 | €0 | -€2,300 | -100.0% |
| Amounts receivable within one year | 40/41 | €51,746 | €74,685 | +€22,940 | +44.3% |
| Trade receivables | 40 | €51,746 | €74,685 | +€22,940 | +44.3% |
| Cash at bank and in hand | 54/58 | €6,903 | €9,564 | +€2,660 | +38.5% |
| Deferred charges and accrued income | 490/1 | €1,254 | €0 | -€1,254 | -100.0% |
| Total equity and liabilities | 10/49 | €71,328 | €91,481 | +€20,153 | +28.3% |
| Equity | 10/15 | -€92,995 | -€77,080 | +€15,915 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103 | €103 | = | 0.0% |
| Non-distributable reserves | 130/1 | €103 | €103 | = | 0.0% |
| Reserves not available under the articles | 1311 | €103 | €103 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,698 | -€95,783 | +€15,915 | +14.2% |
| Amounts payable | 17/49 | €164,323 | €168,561 | +€4,238 | +2.6% |
| Amounts payable within one year | 42/48 | €164,323 | €168,561 | +€4,238 | +2.6% |
| Trade debts | 44 | €28,275 | €33,270 | +€4,995 | +17.7% |
| Suppliers | 440/4 | €28,275 | €33,270 | +€4,995 | +17.7% |
| Advances received on contracts in progress | 46 | €55,490 | €55,490 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,008 | €11,051 | -€4,957 | -31.0% |
| Taxes | 450/3 | €5,134 | €8,204 | +€3,070 | +59.8% |
| Remuneration and social security | 454/9 | €10,874 | €2,847 | -€8,027 | -73.8% |
| Other amounts payable | 47/48 | €64,550 | €68,750 | +€4,200 | +6.5% |
| Remuneration, social security and pensions | 62 | €26,214 | €19,169 | -€7,044 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,647 | €1,893 | -€1,754 | -48.1% |
| Other operating charges | 640/8 | €1,290 | €477 | -€813 | -63.0% |
| Gross operating margin | 9900 | €12,613 | €39,334 | +€26,720 | +211.8% |
| Operating profit (loss) | 9901 | -€18,538 | €17,794 | +€36,332 | |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €1,472 | €1,921 | +€449 | +30.5% |
| Recurring financial charges | 65 | €1,472 | €1,921 | +€449 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,010 | €15,915 | +€35,925 | |
| Profit (loss) for the period | 9904 | -€20,010 | €15,915 | +€35,925 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,010 | €15,915 | +€35,925 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.