ILUVIA: 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.
ILUVIA
Largest movements
- Cash -€146,736
down €146,736 (-61.8%), from €237,518 to €90,781
mainly Trade debts (-€139,991) and Other debts (-€82,947)
- Receivables within one year +€16,224
up €16,224 (+6.1%), from €266,205 to €282,429
of which Trade receivables: +€82,415
- Intangible fixed assets -€5,450
down €5,450 (-100%), from €5,450 to €0
- Trade debts -€139,991
down €139,991 (-54.2%), from €258,386 to €118,396
- Other debts -€82,947
down €82,947 (-63.5%), from €130,617 to €47,671
- Reserves +€50,517
up €50,517 (+48.1%), from €104,924 to €155,440
- Tax, wage and social debts +€23,131
up €23,131 (+281%), from €8,237 to €31,368
of which Taxes: +€12,139
- Accrued charges and deferred income +€11,327
up €11,327 (+3,098%), from €366 to €11,693
- Gross operating margin +€63,269
up €63,269 (+53.1%), from €119,135 to €182,405
- Staff costs +€41,008
up €41,008 (+64.2%), from €63,826 to €104,835
- Taxes +€11,331
up €11,331 (+101%), from €11,207 to €22,539
- Financial income +€6,534
up €6,534 (+73,751%), from €9 to €6,543
of which Non-recurring financial income: +€6,538
- Depreciation -€6,320
down €6,320 (-53.7%), from €11,770 to €5,450
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 | €521,130 | €383,167 | -€137,963 | -26.5% |
| Fixed assets | 21/28 | €13,600 | €8,150 | -€5,450 | -40.1% |
| Intangible fixed assets | 21 | €5,450 | €0 | -€5,450 | -100% |
| Financial fixed assets | 28 | €8,150 | €8,150 | = | 0.0% |
| Current assets | 29/58 | €507,530 | €375,017 | -€132,513 | -26.1% |
| Amounts receivable within one year | 40/41 | €266,205 | €282,429 | +€16,224 | +6.1% |
| Trade receivables | 40 | €189,235 | €271,650 | +€82,415 | +43.6% |
| Other amounts receivable | 41 | €76,970 | €10,779 | -€66,191 | -86.0% |
| Cash at bank and in hand | 54/58 | €237,518 | €90,781 | -€146,736 | -61.8% |
| Deferred charges and accrued income | 490/1 | €3,807 | €1,807 | -€2,001 | -52.5% |
| Total equity and liabilities | 10/49 | €521,130 | €383,167 | -€137,963 | -26.5% |
| Equity | 10/15 | €123,524 | €174,040 | +€50,517 | +40.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,924 | €155,440 | +€50,517 | +48.1% |
| Distributable reserves | 133 | €104,924 | €155,440 | +€50,517 | +48.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €397,606 | €209,127 | -€188,479 | -47.4% |
| Amounts payable within one year | 42/48 | €397,240 | €197,434 | -€199,806 | -50.3% |
| Trade debts | 44 | €258,386 | €118,396 | -€139,991 | -54.2% |
| Suppliers | 440/4 | €258,386 | €118,396 | -€139,991 | -54.2% |
| Taxes, remuneration and social security | 45 | €8,237 | €31,368 | +€23,131 | +281% |
| Taxes | 450/3 | €3,139 | €15,278 | +€12,139 | +387% |
| Remuneration and social security | 454/9 | €5,098 | €16,089 | +€10,992 | +216% |
| Other amounts payable | 47/48 | €130,617 | €47,671 | -€82,947 | -63.5% |
| Accrued charges and deferred income | 492/3 | €366 | €11,693 | +€11,327 | +3,098% |
| Remuneration, social security and pensions | 62 | €63,826 | €104,835 | +€41,008 | +64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,770 | €5,450 | -€6,320 | -53.7% |
| Other operating charges | 640/8 | €740 | €1,235 | +€495 | +67.0% |
| Non-recurring operating charges | 66A | - | €3,789 | +€3,789 | |
| Gross operating margin | 9900 | €119,135 | €182,405 | +€63,269 | +53.1% |
| Operating profit (loss) | 9901 | €42,799 | €67,096 | +€24,297 | +56.8% |
| Financial income | 75/76B | €9 | €6,543 | +€6,534 | +73,751% |
| Recurring financial income | 75 | €9 | €5 | -€3 | -38.6% |
| Non-recurring financial income | 76B | - | €6,538 | +€6,538 | |
| Financial charges | 65/66B | €1,249 | €584 | -€665 | -53.2% |
| Recurring financial charges | 65 | €1,249 | €584 | -€665 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €41,559 | €73,055 | +€31,496 | +75.8% |
| Income taxes | 67/77 | €11,207 | €22,539 | +€11,331 | +101% |
| Profit (loss) for the period | 9904 | €30,352 | €50,517 | +€20,165 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,352 | €50,517 | +€20,165 | +66.4% |
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 19 October 2026 via checked.be.