ILT: 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.
ILT
Largest movements
- Receivables within one year +€76,403
up €76,403 (+118.5%), from €64,483 to €140,886
of which Trade receivables: +€76,403
- Cash -€9,120
down €9,120 (-24.2%), from €37,750 to €28,630
mainly Contributions, distributions and other (-€151,000) and Receivables within one year (-€76,403)
- Tangible fixed assets -€8,648
down €8,648 (-19.4%), from €44,586 to €35,939
of which Furniture and vehicles: -€7,292
- Other debts +€66,208
up €66,208 (+72.9%), from €90,834 to €157,042
- Reserves -€23,807
no longer reported in 2025 (was €23,807)
- Tax, wage and social debts +€11,229
up €11,229 (+140.5%), from €7,995 to €19,225
- Short-term financial debts +€4,444
up €4,444 (+65.5%), from €6,784 to €11,228
- Gross operating margin +€49,074
up €49,074 (+34.1%), from €143,766 to €192,840
- Taxes +€12,590
up €12,590 (+38.3%), from €32,834 to €45,424
- Depreciation -€2,746
down €2,746 (-16.0%), from €17,181 to €14,435
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 | €149,746 | €208,829 | +€59,083 | +39.5% |
| Fixed assets | 21/28 | €44,586 | €35,939 | -€8,648 | -19.4% |
| Tangible fixed assets | 22/27 | €44,586 | €35,939 | -€8,648 | -19.4% |
| Plant, machinery and equipment | 23 | €920 | €2,468 | +€1,548 | +168.3% |
| Furniture and vehicles | 24 | €24,268 | €16,976 | -€7,292 | -30.0% |
| Other tangible fixed assets | 26 | €19,399 | €16,495 | -€2,904 | -15.0% |
| Current assets | 29/58 | €105,159 | €172,890 | +€67,731 | +64.4% |
| Amounts receivable within one year | 40/41 | €64,483 | €140,886 | +€76,403 | +118.5% |
| Trade receivables | 40 | €64,478 | €140,881 | +€76,403 | +118.5% |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,750 | €28,630 | -€9,120 | -24.2% |
| Deferred charges and accrued income | 490/1 | €2,927 | €3,374 | +€447 | +15.3% |
| Total equity and liabilities | 10/49 | €149,746 | €208,829 | +€59,083 | +39.5% |
| Equity | 10/15 | €42,407 | €19,503 | -€22,904 | -54.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,807 | - | -€23,807 | |
| Distributable reserves | 133 | €23,807 | - | -€23,807 | |
| Profit (loss) carried forward | 14 | - | €903 | +€903 | |
| Amounts payable | 17/49 | €107,339 | €189,326 | +€81,987 | +76.4% |
| Amounts payable within one year | 42/48 | €107,313 | €189,300 | +€81,987 | +76.4% |
| Financial debts | 43 | €6,784 | €11,228 | +€4,444 | +65.5% |
| Credit institutions | 430/8 | €6,784 | €11,228 | +€4,444 | +65.5% |
| Trade debts | 44 | €1,699 | €1,805 | +€106 | +6.2% |
| Suppliers | 440/4 | €1,699 | €1,805 | +€106 | +6.2% |
| Taxes, remuneration and social security | 45 | €7,995 | €19,225 | +€11,229 | +140.5% |
| Taxes | 450/3 | €7,995 | €19,225 | +€11,229 | +140.5% |
| Other amounts payable | 47/48 | €90,834 | €157,042 | +€66,208 | +72.9% |
| Accrued charges and deferred income | 492/3 | €26 | €26 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,181 | €14,435 | -€2,746 | -16.0% |
| Other operating charges | 640/8 | €1,653 | €1,679 | +€26 | +1.6% |
| Gross operating margin | 9900 | €143,766 | €192,840 | +€49,074 | +34.1% |
| Operating profit (loss) | 9901 | €124,932 | €176,726 | +€51,794 | +41.5% |
| Financial charges | 65/66B | €1,724 | €3,205 | +€1,482 | +85.9% |
| Recurring financial charges | 65 | €1,724 | €3,205 | +€1,482 | +85.9% |
| Profit (loss) for the period before taxes | 9903 | €123,208 | €173,520 | +€50,312 | +40.8% |
| Income taxes | 67/77 | €32,834 | €45,424 | +€12,590 | +38.3% |
| Profit (loss) for the period | 9904 | €90,374 | €128,096 | +€37,722 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,374 | €128,096 | +€37,722 | +41.7% |
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 12 October 2026 via checked.be.