ILSBO: 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.
ILSBO
Largest movements
- Cash +€57,214
up €57,214 (+278.5%), from €20,545 to €77,760
mainly Net result for the year (+€34,163) and Trade debts (+€29,748)
- Tangible fixed assets -€14,517
down €14,517 (-17.9%), from €80,897 to €66,381
of which Furniture and vehicles: -€8,079
- Receivables within one year +€5,384
up €5,384 (+1949.2%), from €276 to €5,660
of which Other amounts receivable: +€5,384
- Deferred charges and accrued income +€2,179
up €2,179 (+197.2%), from €1,105 to €3,284
- Reserves +€32,497
up €32,497 (+140.8%), from €23,076 to €55,572
- Trade debts +€29,748
up €29,748 (+1303.5%), from €2,282 to €32,030
- Debts after one year -€11,477
down €11,477 (-23.0%), from €49,862 to €38,385
- Current portion of long-term debt -€4,566
down €4,566 (-56.4%), from €8,093 to €3,526
- Tax, wage and social debts +€4,545
up €4,545 (+61.8%), from €7,350 to €11,895
of which Taxes: +€5,645
- Depreciation -€4,194
down €4,194 (-35.7%), from €11,744 to €7,549
- Gross operating margin +€3,676
up €3,676 (+6.0%), from €61,551 to €65,227
- Taxes +€3,005
up €3,005 (+17.0%), from €17,638 to €20,643
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 | €102,824 | €153,085 | +€50,261 | +48.9% |
| Fixed assets | 21/28 | €80,897 | €66,381 | -€14,517 | -17.9% |
| Tangible fixed assets | 22/27 | €80,897 | €66,381 | -€14,517 | -17.9% |
| Land and buildings | 22 | €48,890 | €44,446 | -€4,445 | -9.1% |
| Furniture and vehicles | 24 | €9,707 | €1,628 | -€8,079 | -83.2% |
| Other tangible fixed assets | 26 | €22,300 | €20,307 | -€1,993 | -8.9% |
| Current assets | 29/58 | €21,927 | €86,704 | +€64,778 | +295.4% |
| Amounts receivable within one year | 40/41 | €276 | €5,660 | +€5,384 | +1949.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €276 | €5,660 | +€5,384 | +1949.2% |
| Cash at bank and in hand | 54/58 | €20,545 | €77,760 | +€57,214 | +278.5% |
| Deferred charges and accrued income | 490/1 | €1,105 | €3,284 | +€2,179 | +197.2% |
| Total equity and liabilities | 10/49 | €102,824 | €153,085 | +€50,261 | +48.9% |
| Equity | 10/15 | €29,276 | €61,772 | +€32,497 | +111.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,076 | €55,572 | +€32,497 | +140.8% |
| Distributable reserves | 133 | €23,076 | €55,572 | +€32,497 | +140.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,548 | €91,313 | +€17,764 | +24.2% |
| Amounts payable after more than one year | 17 | €49,862 | €38,385 | -€11,477 | -23.0% |
| Financial debts | 170/4 | €49,862 | €38,385 | -€11,477 | -23.0% |
| Amounts payable within one year | 42/48 | €23,686 | €52,928 | +€29,242 | +123.5% |
| Current portion of amounts payable after more than one year | 42 | €8,093 | €3,526 | -€4,566 | -56.4% |
| Trade debts | 44 | €2,282 | €32,030 | +€29,748 | +1303.5% |
| Suppliers | 440/4 | €2,282 | €32,030 | +€29,748 | +1303.5% |
| Taxes, remuneration and social security | 45 | €7,350 | €11,895 | +€4,545 | +61.8% |
| Taxes | 450/3 | €6,250 | €11,895 | +€5,645 | +90.3% |
| Remuneration and social security | 454/9 | €1,100 | €0 | -€1,100 | -100.0% |
| Other amounts payable | 47/48 | €5,962 | €5,476 | -€485 | -8.1% |
| Non-recurring operating income | 76A | - | €10,986 | +€10,986 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,744 | €7,549 | -€4,194 | -35.7% |
| Other operating charges | 640/8 | €511 | €520 | +€9 | +1.7% |
| Gross operating margin | 9900 | €61,551 | €65,227 | +€3,676 | +6.0% |
| Operating profit (loss) | 9901 | €49,296 | €57,158 | +€7,862 | +15.9% |
| Financial income | 75/76B | €35 | €1 | -€34 | -98.3% |
| Recurring financial income | 75 | €35 | €1 | -€34 | -98.3% |
| Financial charges | 65/66B | €1,937 | €2,352 | +€416 | +21.5% |
| Recurring financial charges | 65 | €1,937 | €2,352 | +€416 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €47,395 | €54,806 | +€7,411 | +15.6% |
| Income taxes | 67/77 | €17,638 | €20,643 | +€3,005 | +17.0% |
| Profit (loss) for the period | 9904 | €29,757 | €34,163 | +€4,406 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,757 | €34,163 | +€4,406 | +14.8% |
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 10 October 2026 via checked.be.