ILTO-TRANS: 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.
ILTO-TRANS
Largest movements
- Tangible fixed assets +€29,445
up €29,445 (+43.0%), from €68,420 to €97,865
of which Leasing and similar rights: +€39,531
- Receivables within one year +€9,297
up €9,297 (+105%), from €8,877 to €18,173
of which Trade receivables: +€9,073
- Receivables after one year -€5,513
down €5,513 (-13.3%), from €41,366 to €35,853
- Cash -€2,242
down €2,242 (-15.2%), from €14,716 to €12,475
mainly Investment in fixed assets (net) (-€44,442) and Receivables within one year (-€9,297)
- Debts after one year +€21,978
up €21,978 (+36.3%), from €60,544 to €82,522
- Current portion of long-term debt +€7,565
up €7,565 (+118%), from €6,391 to €13,956
- Gross operating margin +€7,029
up €7,029 (+28.0%), from €25,102 to €32,131
- Depreciation +€4,533
up €4,533 (+43.3%), from €10,463 to €14,997
- Financial charges +€1,330
up €1,330 (+42.1%), from €3,158 to €4,488
- Taxes -€456
down €456 (-13.6%), from €3,350 to €2,894
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 | €134,620 | €165,702 | +€31,081 | +23.1% |
| Fixed assets | 21/28 | €68,420 | €97,865 | +€29,445 | +43.0% |
| Tangible fixed assets | 22/27 | €68,420 | €97,865 | +€29,445 | +43.0% |
| Land and buildings | 22 | €57,760 | €53,320 | -€4,440 | -7.7% |
| Plant, machinery and equipment | 23 | €5,745 | €4,943 | -€802 | -14.0% |
| Furniture and vehicles | 24 | €4,915 | €71 | -€4,844 | -98.6% |
| Leasing and similar rights | 25 | - | €39,531 | +€39,531 | |
| Current assets | 29/58 | €66,200 | €67,836 | +€1,636 | +2.5% |
| Amounts receivable after more than one year | 29 | €41,366 | €35,853 | -€5,513 | -13.3% |
| Other amounts receivable | 291 | €41,366 | €35,853 | -€5,513 | -13.3% |
| Amounts receivable within one year | 40/41 | €8,877 | €18,173 | +€9,297 | +105% |
| Trade receivables | 40 | €8,794 | €17,867 | +€9,073 | +103% |
| Other amounts receivable | 41 | €83 | €306 | +€224 | +271% |
| Cash at bank and in hand | 54/58 | €14,716 | €12,475 | -€2,242 | -15.2% |
| Deferred charges and accrued income | 490/1 | €1,241 | €1,335 | +€94 | +7.6% |
| Total equity and liabilities | 10/49 | €134,620 | €165,702 | +€31,081 | +23.1% |
| Equity | 10/15 | €56,600 | €57,346 | +€747 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,400 | €51,146 | +€747 | +1.5% |
| Distributable reserves | 133 | €50,400 | €51,146 | +€747 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €78,021 | €108,355 | +€30,335 | +38.9% |
| Amounts payable after more than one year | 17 | €60,544 | €82,522 | +€21,978 | +36.3% |
| Financial debts | 170/4 | €60,544 | €82,522 | +€21,978 | +36.3% |
| Amounts payable within one year | 42/48 | €17,476 | €25,833 | +€8,356 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €6,391 | €13,956 | +€7,565 | +118% |
| Trade debts | 44 | €1,942 | €2,560 | +€617 | +31.8% |
| Suppliers | 440/4 | €1,942 | €2,560 | +€617 | +31.8% |
| Taxes, remuneration and social security | 45 | €1,643 | €1,817 | +€174 | +10.6% |
| Taxes | 450/3 | €1,643 | €1,817 | +€174 | +10.6% |
| Other amounts payable | 47/48 | €7,500 | €7,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,463 | €14,997 | +€4,533 | +43.3% |
| Other operating charges | 640/8 | €1,440 | €1,506 | +€66 | +4.6% |
| Gross operating margin | 9900 | €25,102 | €32,131 | +€7,029 | +28.0% |
| Operating profit (loss) | 9901 | €13,199 | €15,628 | +€2,430 | +18.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,158 | €4,488 | +€1,330 | +42.1% |
| Recurring financial charges | 65 | €3,158 | €4,488 | +€1,330 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €10,041 | €11,141 | +€1,100 | +11.0% |
| Income taxes | 67/77 | €3,350 | €2,894 | -€456 | -13.6% |
| Profit (loss) for the period | 9904 | €6,691 | €8,247 | +€1,556 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,691 | €8,247 | +€1,556 | +23.2% |
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 13 October 2026 via checked.be.