ILSAR: 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.
ILSAR
Largest movements
- Tangible fixed assets -€5,816
down €5,816 (-49.2%), from €11,819 to €6,002
- Stocks and contracts -€3,117
down €3,117 (-14.3%), from €21,871 to €18,754
- Other debts -€16,094
down €16,094 (-62.7%), from €25,649 to €9,556
- Profit (loss) carried forward +€13,413
up €13,413 (+62.3%), from -€21,542 to -€8,130
- Trade debts -€6,332
down €6,332 (-68.0%), from €9,313 to €2,981
- Gross operating margin +€21,885
up €21,885 (+12282.5%), from €178 to €22,063
- Financial charges +€1,148
up €1,148 (+631.9%), from €182 to €1,330
- Other operating charges -€853
down €853 (-39.3%), from €2,171 to €1,318
- Financial income -€562
down €562 (-97.7%), from €575 to €13
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 | €45,304 | €35,893 | -€9,411 | -20.8% |
| Fixed assets | 21/28 | €11,819 | €6,002 | -€5,816 | -49.2% |
| Tangible fixed assets | 22/27 | €11,819 | €6,002 | -€5,816 | -49.2% |
| Land and buildings | 22 | €542 | €124 | -€419 | -77.2% |
| Plant, machinery and equipment | 23 | €6,297 | €3,757 | -€2,540 | -40.3% |
| Furniture and vehicles | 24 | €4,980 | €2,122 | -€2,858 | -57.4% |
| Current assets | 29/58 | €33,485 | €29,891 | -€3,594 | -10.7% |
| Stocks and contracts in progress | 3 | €21,871 | €18,754 | -€3,117 | -14.3% |
| Stocks | 30/36 | €21,871 | €18,754 | -€3,117 | -14.3% |
| Amounts receivable within one year | 40/41 | €2,474 | €2,450 | -€25 | -1.0% |
| Trade receivables | 40 | €0 | €23 | +€23 | +32742.9% |
| Other amounts receivable | 41 | €2,474 | €2,427 | -€47 | -1.9% |
| Cash at bank and in hand | 54/58 | €7,149 | €6,911 | -€238 | -3.3% |
| Deferred charges and accrued income | 490/1 | €1,991 | €1,776 | -€215 | -10.8% |
| Total equity and liabilities | 10/49 | €45,304 | €35,893 | -€9,411 | -20.8% |
| Equity | 10/15 | €9,480 | €22,893 | +€13,413 | +141.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,423 | €12,423 | = | 0.0% |
| Distributable reserves | 133 | €12,423 | €12,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,542 | -€8,130 | +€13,413 | +62.3% |
| Amounts payable | 17/49 | €35,824 | €13,000 | -€22,823 | -63.7% |
| Amounts payable within one year | 42/48 | €35,824 | €13,000 | -€22,823 | -63.7% |
| Trade debts | 44 | €9,313 | €2,981 | -€6,332 | -68.0% |
| Suppliers | 440/4 | €9,313 | €2,981 | -€6,332 | -68.0% |
| Taxes, remuneration and social security | 45 | €862 | €464 | -€398 | -46.2% |
| Taxes | 450/3 | €862 | €464 | -€398 | -46.2% |
| Other amounts payable | 47/48 | €25,649 | €9,556 | -€16,094 | -62.7% |
| Non-recurring operating income | 76A | - | €13,575 | +€13,575 | |
| Remuneration, social security and pensions | 62 | €1 | €0 | -€1 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,715 | €5,816 | +€102 | +1.8% |
| Other operating charges | 640/8 | €2,171 | €1,318 | -€853 | -39.3% |
| Gross operating margin | 9900 | €178 | €22,063 | +€21,885 | +12282.5% |
| Operating profit (loss) | 9901 | -€7,708 | €14,929 | +€22,637 | |
| Financial income | 75/76B | €575 | €13 | -€562 | -97.7% |
| Recurring financial income | 75 | €575 | €13 | -€562 | -97.7% |
| Financial charges | 65/66B | €182 | €1,330 | +€1,148 | +631.9% |
| Recurring financial charges | 65 | €182 | €1,330 | +€1,148 | +631.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,315 | €13,613 | +€20,928 | |
| Income taxes | 67/77 | €303 | €200 | -€103 | -34.1% |
| Profit (loss) for the period | 9904 | -€7,618 | €13,413 | +€21,031 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,618 | €13,413 | +€21,031 |
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 29 September 2026 via checked.be.