Ilse Claessens: 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 Claessens
Largest movements
- Cash +€6,064
up €6,064 (+17.3%), from €35,108 to €41,172
mainly Other debts (+€37,801) and Net result for the year (+€9,958)
- Tangible fixed assets -€5,702
down €5,702 (-69.1%), from €8,246 to €2,544
of which Plant, machinery and equipment: -€4,696
- Receivables within one year +€3,773
up €3,773 (+14.8%), from €25,492 to €29,265
of which Other amounts receivable: +€2,939
- Other debts +€37,801
up €37,801 (+403%), from €9,370 to €47,171
- Reserves -€30,246
down €30,246 (-75.2%), from €40,205 to €9,958
- Trade debts -€1,598
down €1,598 (-35.8%), from €4,460 to €2,862
- Accrued charges and deferred income -€1,060
down €1,060 (-100%), from €1,060 to €0
- Tax, wage and social debts -€918
down €918 (-7.4%), from €12,461 to €11,542
- Gross operating margin -€26,067
down €26,067 (-57.1%), from €45,649 to €19,582
- Taxes -€7,567
down €7,567 (-71.2%), from €10,628 to €3,061
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 | €70,556 | €74,534 | +€3,979 | +5.6% |
| Fixed assets | 21/28 | €8,246 | €2,544 | -€5,702 | -69.1% |
| Tangible fixed assets | 22/27 | €8,246 | €2,544 | -€5,702 | -69.1% |
| Plant, machinery and equipment | 23 | €5,903 | €1,207 | -€4,696 | -79.5% |
| Furniture and vehicles | 24 | €2,343 | €1,337 | -€1,006 | -42.9% |
| Current assets | 29/58 | €62,310 | €71,990 | +€9,680 | +15.5% |
| Amounts receivable within one year | 40/41 | €25,492 | €29,265 | +€3,773 | +14.8% |
| Trade receivables | 40 | €25,492 | €26,326 | +€834 | +3.3% |
| Other amounts receivable | 41 | - | €2,939 | +€2,939 | |
| Cash at bank and in hand | 54/58 | €35,108 | €41,172 | +€6,064 | +17.3% |
| Deferred charges and accrued income | 490/1 | €1,709 | €1,552 | -€157 | -9.2% |
| Total equity and liabilities | 10/49 | €70,556 | €74,534 | +€3,979 | +5.6% |
| Equity | 10/15 | €43,205 | €12,958 | -€30,246 | -70.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,205 | €9,958 | -€30,246 | -75.2% |
| Distributable reserves | 133 | €40,205 | €9,958 | -€30,246 | -75.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,351 | €61,576 | +€34,225 | +125% |
| Amounts payable within one year | 42/48 | €26,291 | €61,576 | +€35,285 | +134% |
| Trade debts | 44 | €4,460 | €2,862 | -€1,598 | -35.8% |
| Suppliers | 440/4 | €4,460 | €2,862 | -€1,598 | -35.8% |
| Taxes, remuneration and social security | 45 | €12,461 | €11,542 | -€918 | -7.4% |
| Taxes | 450/3 | €12,461 | €11,542 | -€918 | -7.4% |
| Other amounts payable | 47/48 | €9,370 | €47,171 | +€37,801 | +403% |
| Accrued charges and deferred income | 492/3 | €1,060 | €0 | -€1,060 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,764 | €5,702 | -€63 | -1.1% |
| Other operating charges | 640/8 | €644 | €660 | +€16 | +2.5% |
| Gross operating margin | 9900 | €45,649 | €19,582 | -€26,067 | -57.1% |
| Operating profit (loss) | 9901 | €39,240 | €13,220 | -€26,020 | -66.3% |
| Financial income | 75/76B | €86 | €0 | -€86 | -100.0% |
| Recurring financial income | 75 | €86 | €0 | -€86 | -100.0% |
| Financial charges | 65/66B | €126 | €201 | +€76 | +60.1% |
| Recurring financial charges | 65 | €126 | €201 | +€76 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €39,201 | €13,019 | -€26,182 | -66.8% |
| Income taxes | 67/77 | €10,628 | €3,061 | -€7,567 | -71.2% |
| Profit (loss) for the period | 9904 | €28,573 | €9,958 | -€18,614 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,573 | €9,958 | -€18,614 | -65.1% |
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 15 October 2026 via checked.be.