ILUCRA: 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.
ILUCRA
Largest movements
- Tangible fixed assets +€410,299
up €410,299 (+18,298%), from €2,242 to €412,541
of which Land and buildings: +€386,298
- Cash -€98,784
down €98,784 (-60.7%), from €162,673 to €63,889
mainly Investment in fixed assets (net) (-€450,612) and Contributions, distributions and other (-€39,581)
- Receivables after one year -€35,000
down €35,000 (-100%), from €35,000 to €0
- Deferred charges and accrued income -€10,210
down €10,210 (-100%), from €10,210 to €0
- Receivables within one year +€8,966
up €8,966 (+27.8%), from €32,223 to €41,188
of which Trade receivables: +€8,966
- Debts after one year +€240,919
new in 2025: €240,919
- Current portion of long-term debt +€21,740
new in 2025: €21,740
- Tax, wage and social debts +€10,944
up €10,944 (+74.2%), from €14,749 to €25,693
- Gross operating margin +€40,308
up €40,308 (+63.9%), from €63,121 to €103,429
- Depreciation +€39,559
up €39,559 (+15,519%), from €255 to €39,813
- Financial charges +€5,252
up €5,252 (+2,906%), from €181 to €5,432
- Taxes -€1,593
down €1,593 (-9.0%), from €17,753 to €16,161
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 | €242,348 | €518,118 | +€275,770 | +114% |
| Fixed assets | 21/28 | €2,242 | €413,041 | +€410,799 | +18,321% |
| Tangible fixed assets | 22/27 | €2,242 | €412,541 | +€410,299 | +18,298% |
| Land and buildings | 22 | - | €386,298 | +€386,298 | |
| Plant, machinery and equipment | 23 | €2,242 | €1,445 | -€798 | -35.6% |
| Furniture and vehicles | 24 | - | €24,799 | +€24,799 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €240,106 | €105,077 | -€135,028 | -56.2% |
| Amounts receivable after more than one year | 29 | €35,000 | €0 | -€35,000 | -100% |
| Other amounts receivable | 291 | €35,000 | €0 | -€35,000 | -100% |
| Amounts receivable within one year | 40/41 | €32,223 | €41,188 | +€8,966 | +27.8% |
| Trade receivables | 40 | €32,223 | €41,188 | +€8,966 | +27.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €162,673 | €63,889 | -€98,784 | -60.7% |
| Deferred charges and accrued income | 490/1 | €10,210 | €0 | -€10,210 | -100% |
| Total equity and liabilities | 10/49 | €242,348 | €518,118 | +€275,770 | +114% |
| Equity | 10/15 | €220,403 | €222,029 | +€1,626 | +0.7% |
| Contributions | 10/11 | €2 | €2 | = | 0.0% |
| Reserves | 13 | €220,401 | €222,027 | +€1,626 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €218,541 | €222,027 | +€3,486 | +1.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,945 | €296,090 | +€274,145 | +1,249% |
| Amounts payable after more than one year | 17 | - | €240,919 | +€240,919 | |
| Financial debts | 170/4 | - | €240,919 | +€240,919 | |
| Amounts payable within one year | 42/48 | €21,945 | €55,170 | +€33,226 | +151% |
| Current portion of amounts payable after more than one year | 42 | - | €21,740 | +€21,740 | |
| Financial debts | 43 | €10 | €0 | -€10 | -100% |
| Credit institutions | 430/8 | €10 | €0 | -€10 | -100% |
| Trade debts | 44 | €1,205 | €4,258 | +€3,053 | +253% |
| Suppliers | 440/4 | €1,205 | €4,258 | +€3,053 | +253% |
| Taxes, remuneration and social security | 45 | €14,749 | €25,693 | +€10,944 | +74.2% |
| Taxes | 450/3 | €14,749 | €25,693 | +€10,944 | +74.2% |
| Other amounts payable | 47/48 | €5,982 | €3,480 | -€2,502 | -41.8% |
| Non-recurring operating income | 76A | - | €3,702 | +€3,702 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €39,813 | +€39,559 | +15,519% |
| Other operating charges | 640/8 | €836 | €1,413 | +€576 | +68.9% |
| Gross operating margin | 9900 | €63,121 | €103,429 | +€40,308 | +63.9% |
| Operating profit (loss) | 9901 | €62,030 | €62,203 | +€173 | +0.3% |
| Financial income | 75/76B | €341 | €597 | +€256 | +75.0% |
| Recurring financial income | 75 | €341 | €597 | +€256 | +75.0% |
| Financial charges | 65/66B | €181 | €5,432 | +€5,252 | +2,906% |
| Recurring financial charges | 65 | €181 | €5,432 | +€5,252 | +2,906% |
| Profit (loss) for the period before taxes | 9903 | €62,191 | €57,368 | -€4,823 | -7.8% |
| Income taxes | 67/77 | €17,753 | €16,161 | -€1,593 | -9.0% |
| Profit (loss) for the period | 9904 | €44,437 | €41,207 | -€3,230 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,437 | €41,207 | -€3,230 | -7.3% |
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 24 October 2026 via checked.be.