ILSANNELL: 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.
ILSANNELL
Largest movements
- Cash +€32,681
up €32,681 (+154%), from €21,154 to €53,835
mainly Net result for the year (+€29,808) and Trade debts (+€19,129)
- Receivables within one year +€12,103
up €12,103 (+9,321%), from €130 to €12,233
of which Other amounts receivable: +€9,890
- Stocks and contracts -€5,309
down €5,309 (-6.2%), from €85,129 to €79,821
- Profit (loss) carried forward +€29,808
up €29,808, from -€27,226 to €2,582
- Trade debts +€19,129
up €19,129 (+138%), from €13,899 to €33,027
- Debts after one year -€7,107
down €7,107 (-14.9%), from €47,690 to €40,584
- Gross operating margin +€38,162
up €38,162 (+642%), from €5,947 to €44,110
- Financial charges +€5,768
up €5,768 (+538%), from €1,071 to €6,839
- Taxes +€3,008
new in 2025: €3,008
- Depreciation +€1,550
up €1,550 (+146%), from €1,058 to €2,608
- Other operating charges +€506
up €506 (+37.7%), from €1,343 to €1,850
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 | €130,015 | €170,182 | +€40,167 | +30.9% |
| Fixed assets | 21/28 | €23,602 | €24,293 | +€692 | +2.9% |
| Tangible fixed assets | 22/27 | €19,292 | €19,983 | +€692 | +3.6% |
| Land and buildings | 22 | - | €1,350 | +€1,350 | |
| Plant, machinery and equipment | 23 | €18,649 | €18,481 | -€168 | -0.9% |
| Furniture and vehicles | 24 | €643 | €153 | -€490 | -76.2% |
| Financial fixed assets | 28 | €4,310 | €4,310 | = | 0.0% |
| Current assets | 29/58 | €106,413 | €145,889 | +€39,475 | +37.1% |
| Stocks and contracts in progress | 3 | €85,129 | €79,821 | -€5,309 | -6.2% |
| Stocks | 30/36 | €85,129 | €79,821 | -€5,309 | -6.2% |
| Amounts receivable within one year | 40/41 | €130 | €12,233 | +€12,103 | +9,321% |
| Trade receivables | 40 | - | €2,213 | +€2,213 | |
| Other amounts receivable | 41 | €130 | €10,020 | +€9,890 | +7,617% |
| Cash at bank and in hand | 54/58 | €21,154 | €53,835 | +€32,681 | +154% |
| Total equity and liabilities | 10/49 | €130,015 | €170,182 | +€40,167 | +30.9% |
| Equity | 10/15 | -€7,319 | €22,489 | +€29,808 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,307 | €1,307 | = | 0.0% |
| Distributable reserves | 133 | €1,307 | €1,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,226 | €2,582 | +€29,808 | |
| Amounts payable | 17/49 | €137,334 | €147,693 | +€10,359 | +7.5% |
| Amounts payable after more than one year | 17 | €47,690 | €40,584 | -€7,107 | -14.9% |
| Financial debts | 170/4 | €47,690 | €40,584 | -€7,107 | -14.9% |
| Amounts payable within one year | 42/48 | €89,644 | €107,109 | +€17,466 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €6,761 | €7,107 | +€345 | +5.1% |
| Trade debts | 44 | €13,899 | €33,027 | +€19,129 | +138% |
| Suppliers | 440/4 | €13,899 | €33,027 | +€19,129 | +138% |
| Taxes, remuneration and social security | 45 | €9,367 | €7,693 | -€1,674 | -17.9% |
| Taxes | 450/3 | €967 | €6,193 | +€5,226 | +540% |
| Remuneration and social security | 454/9 | €8,400 | €1,500 | -€6,900 | -82.1% |
| Other amounts payable | 47/48 | €59,617 | €59,283 | -€334 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,058 | €2,608 | +€1,550 | +146% |
| Other operating charges | 640/8 | €1,343 | €1,850 | +€506 | +37.7% |
| Gross operating margin | 9900 | €5,947 | €44,110 | +€38,162 | +642% |
| Operating profit (loss) | 9901 | €3,546 | €39,652 | +€36,106 | +1,018% |
| Financial income | 75/76B | €0 | €3 | +€3 | +3,200% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +3,200% |
| Financial charges | 65/66B | €1,071 | €6,839 | +€5,768 | +538% |
| Recurring financial charges | 65 | €1,071 | €6,839 | +€5,768 | +538% |
| Profit (loss) for the period before taxes | 9903 | €2,474 | €32,815 | +€30,341 | +1,226% |
| Income taxes | 67/77 | - | €3,008 | +€3,008 | |
| Profit (loss) for the period | 9904 | €2,474 | €29,808 | +€27,334 | +1,105% |
| Profit (loss) for the period to be appropriated | 9905 | €2,474 | €29,808 | +€27,334 | +1,105% |
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 18 October 2026 via checked.be.