ILSD: 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.
ILSD
Largest movements
- Stocks and contracts +€73,752
new in 2023: €73,752
- Tangible fixed assets +€38,536
new in 2023: €38,536
- Receivables within one year +€24,895
up €24,895 (+39.1%), from €63,655 to €88,550
- Cash -€16,981
down €16,981 (-23.2%), from €73,284 to €56,304
mainly Net result for the year (-€100,732) and Stocks and contracts (-€73,752)
- Trade debts +€209,169
up €209,169 (+654%), from €31,991 to €241,159
- Profit (loss) carried forward -€100,732
down €100,732, from €38,922 to -€61,810
- Other debts +€7,508
up €7,508 (+20.9%), from €35,897 to €43,406
- Tax, wage and social debts +€5,256
up €5,256 (+32.6%), from €16,130 to €21,386
of which Taxes: +€11,946
- Gross operating margin -€271,276
down €271,276, from €235,043 to -€36,232
- Write-downs -€119,720
down €119,720 (-100%), from €119,720 to €0
- Depreciation -€39,670
down €39,670 (-96.3%), from €41,190 to €1,520
- Staff costs -€15,356
down €15,356 (-47.1%), from €32,617 to €17,261
- Taxes +€9,610
new in 2023: €9,610
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,940 | €258,141 | +€121,201 | +88.5% |
| Fixed assets | 21/28 | - | €38,536 | +€38,536 | |
| Tangible fixed assets | 22/27 | - | €38,536 | +€38,536 | |
| Plant, machinery and equipment | 23 | - | €38,536 | +€38,536 | |
| Current assets | 29/58 | €136,940 | €219,606 | +€82,666 | +60.4% |
| Amounts receivable after more than one year | 29 | - | €1,000 | +€1,000 | |
| Trade receivables | 290 | - | €1,000 | +€1,000 | |
| Stocks and contracts in progress | 3 | - | €73,752 | +€73,752 | |
| Stocks | 30/36 | - | €73,752 | +€73,752 | |
| Amounts receivable within one year | 40/41 | €63,655 | €88,550 | +€24,895 | +39.1% |
| Other amounts receivable | 41 | €63,655 | €88,550 | +€24,895 | +39.1% |
| Cash at bank and in hand | 54/58 | €73,284 | €56,304 | -€16,981 | -23.2% |
| Total equity and liabilities | 10/49 | €136,940 | €258,141 | +€121,201 | +88.5% |
| Equity | 10/15 | €52,922 | -€47,810 | -€100,732 | |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,922 | -€61,810 | -€100,732 | |
| Amounts payable | 17/49 | €84,018 | €305,951 | +€221,933 | +264% |
| Amounts payable within one year | 42/48 | €84,018 | €305,951 | +€221,933 | +264% |
| Trade debts | 44 | €31,991 | €241,159 | +€209,169 | +654% |
| Suppliers | 440/4 | €31,991 | €241,159 | +€209,169 | +654% |
| Taxes, remuneration and social security | 45 | €16,130 | €21,386 | +€5,256 | +32.6% |
| Taxes | 450/3 | €2,024 | €13,970 | +€11,946 | +590% |
| Remuneration and social security | 454/9 | €14,105 | €7,416 | -€6,690 | -47.4% |
| Other amounts payable | 47/48 | €35,897 | €43,406 | +€7,508 | +20.9% |
| Non-recurring operating income | 76A | €230,751 | €3,071 | -€227,680 | -98.7% |
| Remuneration, social security and pensions | 62 | €32,617 | €17,261 | -€15,356 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,190 | €1,520 | -€39,670 | -96.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €119,720 | €0 | -€119,720 | -100% |
| Other operating charges | 640/8 | €534 | €1,082 | +€548 | +103% |
| Non-recurring operating charges | 66A | - | €34,077 | +€34,077 | |
| Gross operating margin | 9900 | €235,043 | -€36,232 | -€271,276 | |
| Operating profit (loss) | 9901 | €40,983 | -€90,172 | -€131,155 | |
| Financial income | 75/76B | - | €872 | +€872 | |
| Recurring financial income | 75 | - | €872 | +€872 | |
| Financial charges | 65/66B | €5,257 | €1,821 | -€3,436 | -65.4% |
| Recurring financial charges | 65 | €5,257 | €1,821 | -€3,436 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €35,726 | -€91,121 | -€126,847 | |
| Income taxes | 67/77 | - | €9,610 | +€9,610 | |
| Profit (loss) for the period | 9904 | €35,726 | -€100,732 | -€136,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,726 | -€100,732 | -€136,457 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.