ILVALOG: 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.
ILVALOG
Largest movements
- Tangible fixed assets -€23,977
down €23,977 (-3.5%), from €692,832 to €668,855
of which Land and buildings: -€20,171
- Cash +€19,398
up €19,398 (+145.2%), from €13,356 to €32,754
mainly Depreciation (+€23,977) and Net result for the year (+€15,868)
- Deferred charges and accrued income -€8,083
down €8,083 (-49.1%), from €16,475 to €8,391
- Debts after one year -€35,931
down €35,931 (-21.2%), from €169,529 to €133,599
- Profit (loss) carried forward +€15,868
up €15,868 (+20.6%), from €76,945 to €92,812
- Gross operating margin +€26,582
up €26,582 (+115.2%), from €23,077 to €49,659
- Taxes +€2,590
up €2,590, from €0 to €2,590
- Financial charges -€582
down €582 (-15.3%), from €3,800 to €3,218
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 | €740,882 | €721,171 | -€19,711 | -2.7% |
| Fixed assets | 21/28 | €692,832 | €668,855 | -€23,977 | -3.5% |
| Tangible fixed assets | 22/27 | €692,832 | €668,855 | -€23,977 | -3.5% |
| Land and buildings | 22 | €647,010 | €626,840 | -€20,171 | -3.1% |
| Plant, machinery and equipment | 23 | €45,821 | €42,015 | -€3,807 | -8.3% |
| Current assets | 29/58 | €48,051 | €52,316 | +€4,266 | +8.9% |
| Amounts receivable within one year | 40/41 | €18,220 | €11,171 | -€7,049 | -38.7% |
| Trade receivables | 40 | €6,326 | €825 | -€5,502 | -87.0% |
| Other amounts receivable | 41 | €11,894 | €10,347 | -€1,547 | -13.0% |
| Cash at bank and in hand | 54/58 | €13,356 | €32,754 | +€19,398 | +145.2% |
| Deferred charges and accrued income | 490/1 | €16,475 | €8,391 | -€8,083 | -49.1% |
| Total equity and liabilities | 10/49 | €740,882 | €721,171 | -€19,711 | -2.7% |
| Equity | 10/15 | €97,405 | €113,272 | +€15,868 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,945 | €92,812 | +€15,868 | +20.6% |
| Amounts payable | 17/49 | €643,478 | €607,899 | -€35,579 | -5.5% |
| Amounts payable after more than one year | 17 | €169,529 | €133,599 | -€35,931 | -21.2% |
| Financial debts | 170/4 | €169,529 | €133,599 | -€35,931 | -21.2% |
| Amounts payable within one year | 42/48 | €473,949 | €470,500 | -€3,448 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €35,357 | €35,931 | +€573 | +1.6% |
| Trade debts | 44 | €506 | €1,463 | +€957 | +189.0% |
| Suppliers | 440/4 | €506 | €1,463 | +€957 | +189.0% |
| Taxes, remuneration and social security | 45 | €0 | €90 | +€90 | |
| Taxes | 450/3 | €0 | €90 | +€90 | |
| Other amounts payable | 47/48 | €438,085 | €433,016 | -€5,069 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €3,800 | +€3,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,896 | €23,977 | +€81 | +0.3% |
| Other operating charges | 640/8 | €3,786 | €4,062 | +€276 | +7.3% |
| Gross operating margin | 9900 | €23,077 | €49,659 | +€26,582 | +115.2% |
| Operating profit (loss) | 9901 | -€4,605 | €21,620 | +€26,225 | |
| Financial income | 75/76B | €53 | €56 | +€3 | +6.0% |
| Recurring financial income | 75 | €53 | €56 | +€3 | +6.0% |
| Financial charges | 65/66B | €3,800 | €3,218 | -€582 | -15.3% |
| Recurring financial charges | 65 | €3,800 | €3,218 | -€582 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,353 | €18,458 | +€26,811 | |
| Income taxes | 67/77 | €0 | €2,590 | +€2,590 | |
| Profit (loss) for the period | 9904 | -€8,353 | €15,868 | +€24,220 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,353 | €15,868 | +€24,220 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.