Ilse Drossart: what changed
Ilse Drossart
Largest movements
- Cash +€56,882
up €56,882 (+58.8%), from €96,741 to €153,623
mainly Net result for the year (+€56,812) and Depreciation (+€8,175)
- Tangible fixed assets -€8,175
down €8,175 (-26.7%), from €30,617 to €22,442
- Receivables within one year +€4,719
new in 2025: €4,719
- Reserves +€56,812
up €56,812 (+71.4%), from €79,621 to €136,434
- Debts after one year -€6,050
down €6,050 (-35.1%), from €17,236 to €11,186
- Tax, wage and social debts +€4,384
up €4,384 (+69.4%), from €6,320 to €10,704
- Other debts -€2,385
no longer reported in 2025 (was €2,385)
- Gross operating margin +€17,324
up €17,324 (+27.3%), from €63,476 to €80,800
- Taxes +€4,647
up €4,647 (+41.0%), from €11,332 to €15,979
- Financial income +€1,122
up €1,122 (+827%), from €136 to €1,258
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,398 | €181,879 | +€53,481 | +41.7% |
| Fixed assets | 21/28 | €30,617 | €22,442 | -€8,175 | -26.7% |
| Tangible fixed assets | 22/27 | €30,617 | €22,442 | -€8,175 | -26.7% |
| Furniture and vehicles | 24 | €30,617 | €22,442 | -€8,175 | -26.7% |
| Current assets | 29/58 | €97,781 | €159,437 | +€61,656 | +63.1% |
| Amounts receivable within one year | 40/41 | - | €4,719 | +€4,719 | |
| Other amounts receivable | 41 | - | €4,719 | +€4,719 | |
| Cash at bank and in hand | 54/58 | €96,741 | €153,623 | +€56,882 | +58.8% |
| Deferred charges and accrued income | 490/1 | €1,040 | €1,094 | +€54 | +5.2% |
| Total equity and liabilities | 10/49 | €128,398 | €181,879 | +€53,481 | +41.7% |
| Equity | 10/15 | €94,621 | €151,434 | +€56,812 | +60.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €79,621 | €136,434 | +€56,812 | +71.4% |
| Distributable reserves | 133 | €79,621 | €136,434 | +€56,812 | +71.4% |
| Amounts payable | 17/49 | €33,777 | €30,445 | -€3,332 | -9.9% |
| Amounts payable after more than one year | 17 | €17,236 | €11,186 | -€6,050 | -35.1% |
| Financial debts | 170/4 | €17,236 | €11,186 | -€6,050 | -35.1% |
| Amounts payable within one year | 42/48 | €16,399 | €19,259 | +€2,860 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €5,814 | €6,050 | +€236 | +4.1% |
| Trade debts | 44 | €1,880 | €2,504 | +€624 | +33.2% |
| Suppliers | 440/4 | €1,880 | €2,504 | +€624 | +33.2% |
| Taxes, remuneration and social security | 45 | €6,320 | €10,704 | +€4,384 | +69.4% |
| Taxes | 450/3 | €6,320 | €10,704 | +€4,384 | +69.4% |
| Other amounts payable | 47/48 | €2,385 | - | -€2,385 | |
| Accrued charges and deferred income | 492/3 | €141 | - | -€141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,175 | €8,175 | = | 0.0% |
| Other operating charges | 640/8 | €159 | €162 | +€4 | +2.4% |
| Gross operating margin | 9900 | €63,476 | €80,800 | +€17,324 | +27.3% |
| Operating profit (loss) | 9901 | €55,142 | €72,463 | +€17,321 | +31.4% |
| Financial income | 75/76B | €136 | €1,258 | +€1,122 | +827% |
| Recurring financial income | 75 | €136 | €1,258 | +€1,122 | +827% |
| Financial charges | 65/66B | €1,314 | €929 | -€385 | -29.3% |
| Recurring financial charges | 65 | €1,314 | €929 | -€385 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €53,964 | €72,791 | +€18,827 | +34.9% |
| Income taxes | 67/77 | €11,332 | €15,979 | +€4,647 | +41.0% |
| Profit (loss) for the period | 9904 | €42,632 | €56,812 | +€14,181 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,632 | €56,812 | +€14,181 | +33.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.