ILSE AERTS: 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.
ILSE AERTS
Largest movements
- Cash +€3,218
up €3,218 (+7.4%), from €43,425 to €46,643
mainly Net result for the year (+€1,951) and Depreciation (+€1,232)
- Tangible fixed assets -€788
down €788 (-24.5%), from €3,220 to €2,432
of which Land and buildings: -€1,168
- Profit (loss) carried forward +€1,951
up €1,951 (+18.6%), from -€10,499 to -€8,548
- Turnover +€15,404
new in 2025: €15,404
- Purchases and services +€9,573
new in 2025: €9,573
- Other operating charges +€1,812
new in 2025: €1,812
- Gross operating margin -€1,029
down €1,029 (-14.3%), from €7,208 to €6,179
- Taxes -€552
down €552 (-32.6%), from €1,691 to €1,139
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 | €48,384 | €50,814 | +€2,430 | +5.0% |
| Fixed assets | 21/28 | €3,220 | €2,432 | -€788 | -24.5% |
| Tangible fixed assets | 22/27 | €3,220 | €2,432 | -€788 | -24.5% |
| Land and buildings | 22 | €3,220 | €2,052 | -€1,168 | -36.3% |
| Furniture and vehicles | 24 | - | €380 | +€380 | |
| Current assets | 29/58 | €45,164 | €48,382 | +€3,218 | +7.1% |
| Amounts receivable within one year | 40/41 | €1,739 | €1,739 | = | 0.0% |
| Other amounts receivable | 41 | €1,739 | €1,739 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,425 | €46,643 | +€3,218 | +7.4% |
| Total equity and liabilities | 10/49 | €48,384 | €50,814 | +€2,430 | +5.0% |
| Equity | 10/15 | €47,385 | €49,335 | +€1,950 | +4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,484 | €45,483 | -€1 | 0.0% |
| Tax-exempt reserves | 132 | - | €78 | +€78 | |
| Distributable reserves | 133 | €45,484 | €45,405 | -€79 | -0.2% |
| Profit (loss) carried forward | 14 | -€10,499 | -€8,548 | +€1,951 | +18.6% |
| Amounts payable | 17/49 | €999 | €1,479 | +€480 | +48.0% |
| Amounts payable within one year | 42/48 | - | €407 | +€407 | |
| Trade debts | 44 | - | €407 | +€407 | |
| Suppliers | 440/4 | - | €407 | +€407 | |
| Accrued charges and deferred income | 492/3 | €999 | €1,072 | +€73 | +7.3% |
| Turnover | 70 | - | €15,404 | +€15,404 | |
| Non-recurring operating income | 76A | - | €348 | +€348 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €9,573 | +€9,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,765 | €1,232 | -€533 | -30.2% |
| Other operating charges | 640/8 | - | €1,812 | +€1,812 | |
| Gross operating margin | 9900 | €7,208 | €6,179 | -€1,029 | -14.3% |
| Operating profit (loss) | 9901 | €5,443 | €3,135 | -€2,308 | -42.4% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +2.3% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €5,399 | €3,090 | -€2,309 | -42.8% |
| Income taxes | 67/77 | €1,691 | €1,139 | -€552 | -32.6% |
| Profit (loss) for the period | 9904 | €3,708 | €1,951 | -€1,757 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,708 | €1,951 | -€1,757 | -47.4% |
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 16 October 2026 via checked.be.