LO Ixelles: 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.
LO Ixelles
Largest movements
- Receivables within one year +€126,141
up €126,141 (+201%), from €62,780 to €188,921
of which Other amounts receivable: +€74,947
- Tangible fixed assets -€73,040
down €73,040 (-48.4%), from €150,844 to €77,804
of which Other tangible fixed assets: -€62,824
- Cash -€50,475
down €50,475 (-26.1%), from €193,704 to €143,229
mainly Receivables within one year (-€126,141) and Debts after one year (-€71,193)
- Intangible fixed assets -€22,788
down €22,788 (-98.9%), from €23,034 to €247
- Profit (loss) carried forward +€73,686
up €73,686 (+89.6%), from €82,208 to €155,894
- Debts after one year -€71,193
down €71,193 (-21.9%), from €324,838 to €253,645
- Trade debts -€18,786
down €18,786 (-22.9%), from €81,989 to €63,203
- Gross operating margin -€267,497
down €267,497 (-19.7%), from €1.4m to €1.1m
- Write-downs -€223,073
down €223,073 (-100%), from €223,073 to €0
- Staff costs -€18,529
down €18,529 (-2.2%), from €852,179 to €833,650
- Depreciation -€16,121
down €16,121 (-13.2%), from €122,330 to €106,210
- Other operating charges +€15,024
up €15,024 (+554%), from €2,712 to €17,736
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 | €1,212,130 | €1,175,902 | -€36,227 | -3.0% |
| Fixed assets | 21/28 | €926,975 | €831,147 | -€95,828 | -10.3% |
| Intangible fixed assets | 21 | €23,034 | €247 | -€22,788 | -98.9% |
| Tangible fixed assets | 22/27 | €150,844 | €77,804 | -€73,040 | -48.4% |
| Plant, machinery and equipment | 23 | €49,769 | €44,836 | -€4,933 | -9.9% |
| Furniture and vehicles | 24 | €16,727 | €11,444 | -€5,282 | -31.6% |
| Other tangible fixed assets | 26 | €84,349 | €21,524 | -€62,824 | -74.5% |
| Financial fixed assets | 28 | €753,096 | €753,096 | = | 0.0% |
| Current assets | 29/58 | €285,155 | €344,756 | +€59,600 | +20.9% |
| Stocks and contracts in progress | 3 | €20,664 | €10,395 | -€10,270 | -49.7% |
| Stocks | 30/36 | €20,664 | €10,395 | -€10,270 | -49.7% |
| Amounts receivable within one year | 40/41 | €62,780 | €188,921 | +€126,141 | +201% |
| Trade receivables | 40 | €62,449 | €113,643 | +€51,194 | +82.0% |
| Other amounts receivable | 41 | €332 | €75,279 | +€74,947 | +22,605% |
| Cash at bank and in hand | 54/58 | €193,704 | €143,229 | -€50,475 | -26.1% |
| Deferred charges and accrued income | 490/1 | €8,006 | €2,211 | -€5,796 | -72.4% |
| Total equity and liabilities | 10/49 | €1,212,130 | €1,175,902 | -€36,227 | -3.0% |
| Equity | 10/15 | €101,961 | €164,088 | +€62,127 | +60.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,208 | €155,894 | +€73,686 | +89.6% |
| Investment grants | 15 | €16,753 | €5,194 | -€11,559 | -69.0% |
| Amounts payable | 17/49 | €1,110,169 | €1,011,815 | -€98,354 | -8.9% |
| Amounts payable after more than one year | 17 | €324,838 | €253,645 | -€71,193 | -21.9% |
| Financial debts | 170/4 | €324,838 | €253,645 | -€71,193 | -21.9% |
| Amounts payable within one year | 42/48 | €779,897 | €755,070 | -€24,828 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €82,969 | €85,338 | +€2,370 | +2.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €81,989 | €63,203 | -€18,786 | -22.9% |
| Suppliers | 440/4 | €81,989 | €63,203 | -€18,786 | -22.9% |
| Taxes, remuneration and social security | 45 | €154,939 | €146,528 | -€8,411 | -5.4% |
| Taxes | 450/3 | €92,636 | €68,032 | -€24,604 | -26.6% |
| Remuneration and social security | 454/9 | €62,303 | €78,496 | +€16,193 | +26.0% |
| Other amounts payable | 47/48 | €460,000 | €460,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,434 | €3,101 | -€2,333 | -42.9% |
| Non-recurring operating income | 76A | €267,757 | €3,000 | -€264,757 | -98.9% |
| Remuneration, social security and pensions | 62 | €852,179 | €833,650 | -€18,529 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,330 | €106,210 | -€16,121 | -13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €223,073 | €0 | -€223,073 | -100% |
| Other operating charges | 640/8 | €2,712 | €17,736 | +€15,024 | +554% |
| Non-recurring operating charges | 66A | €14,778 | €0 | -€14,778 | -100% |
| Gross operating margin | 9900 | €1,357,748 | €1,090,251 | -€267,497 | -19.7% |
| Operating profit (loss) | 9901 | €142,675 | €132,655 | -€10,020 | -7.0% |
| Financial income | 75/76B | €11,562 | €11,559 | -€3 | 0.0% |
| Recurring financial income | 75 | €11,562 | €11,559 | -€3 | 0.0% |
| Financial charges | 65/66B | €41,004 | €36,190 | -€4,814 | -11.7% |
| Recurring financial charges | 65 | €35,535 | €25,779 | -€9,756 | -27.5% |
| Non-recurring financial charges | 66B | €5,469 | €10,411 | +€4,942 | +90.4% |
| Profit (loss) for the period before taxes | 9903 | €113,234 | €108,024 | -€5,210 | -4.6% |
| Income taxes | 67/77 | €28,435 | €34,337 | +€5,902 | +20.8% |
| Profit (loss) for the period | 9904 | €84,799 | €73,686 | -€11,112 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,799 | €73,686 | -€11,112 | -13.1% |
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 22 October 2026 via checked.be.