iLUMENATE: what changed
Two fiscal 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.
iLUMENATE
Largest movements
- Tangible fixed assets +€1.8m
new in 2025: €1.8m
- Deferred charges and accrued income +€28,193
up €28,193 (+9110.2%), from €309 to €28,502
- Intangible fixed assets -€22,688
down €22,688 (-22.6%), from €100,300 to €77,613
- Contributions +€917,000
up €917,000 (+14790.3%), from €6,200 to €923,200
- Debts after one year +€540,278
new in 2025: €540,278
- Other debts +€383,512
up €383,512 (+312.1%), from €122,869 to €506,382
- Profit (loss) carried forward -€95,653
down €95,653 (-319.1%), from -€29,979 to -€125,632
- Current portion of long-term debt +€43,333
new in 2025: €43,333
- Depreciation +€98,953
up €98,953 (+762.4%), from €12,980 to €111,933
- Gross operating margin +€70,849
up €70,849 (+30751.6%), from €230 to €71,079
- Financial charges +€43,623
up €43,623 (+5817.0%), from €750 to €44,373
- Other operating charges +€9,998
up €9,998 (+1787.1%), from €559 to €10,557
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,551 | €1,898,648 | +€1.8m | +1751.4% |
| Fixed assets | 21/28 | €100,300 | €1,865,719 | +€1.8m | +1760.1% |
| Intangible fixed assets | 21 | €100,300 | €77,613 | -€22,688 | -22.6% |
| Tangible fixed assets | 22/27 | - | €1,788,107 | +€1.8m | |
| Land and buildings | 22 | - | €1,788,107 | +€1.8m | |
| Current assets | 29/58 | €2,250 | €32,928 | +€30,678 | +1363.3% |
| Amounts receivable within one year | 40/41 | €332 | - | -€332 | |
| Other amounts receivable | 41 | €332 | - | -€332 | |
| Cash at bank and in hand | 54/58 | €1,609 | €4,426 | +€2,817 | +175.1% |
| Deferred charges and accrued income | 490/1 | €309 | €28,502 | +€28,193 | +9110.2% |
| Total equity and liabilities | 10/49 | €102,551 | €1,898,648 | +€1.8m | +1751.4% |
| Equity | 10/15 | -€21,919 | €799,428 | +€821,347 | |
| Contributions | 10/11 | €6,200 | €923,200 | +€917,000 | +14790.3% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€29,979 | -€125,632 | -€95,653 | -319.1% |
| Amounts payable | 17/49 | €124,470 | €1,099,220 | +€974,750 | +783.1% |
| Amounts payable after more than one year | 17 | - | €540,278 | +€540,278 | |
| Financial debts | 170/4 | - | €540,278 | +€540,278 | |
| Amounts payable within one year | 42/48 | €124,470 | €558,942 | +€434,472 | +349.1% |
| Current portion of amounts payable after more than one year | 42 | - | €43,333 | +€43,333 | |
| Trade debts | 44 | €1,601 | - | -€1,601 | |
| Suppliers | 440/4 | €1,601 | - | -€1,601 | |
| Taxes, remuneration and social security | 45 | - | €9,227 | +€9,227 | |
| Taxes | 450/3 | - | €9,227 | +€9,227 | |
| Other amounts payable | 47/48 | €122,869 | €506,382 | +€383,512 | +312.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,980 | €111,933 | +€98,953 | +762.4% |
| Other operating charges | 640/8 | €559 | €10,557 | +€9,998 | +1787.1% |
| Gross operating margin | 9900 | €230 | €71,079 | +€70,849 | +30751.6% |
| Operating profit (loss) | 9901 | -€13,309 | -€51,411 | -€38,102 | -286.3% |
| Financial income | 75/76B | - | €131 | +€131 | |
| Recurring financial income | 75 | - | €131 | +€131 | |
| Financial charges | 65/66B | €750 | €44,373 | +€43,623 | +5817.0% |
| Recurring financial charges | 65 | €750 | €44,373 | +€43,623 | +5817.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,059 | -€95,653 | -€81,594 | -580.4% |
| Profit (loss) for the period | 9904 | -€14,059 | -€95,653 | -€81,594 | -580.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,059 | -€95,653 | -€81,594 | -580.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.