TANDARTS ILLOVIC: what changed
TANDARTS ILLOVIC
Largest movements
- Tangible fixed assets -€15,576
down €15,576 (-32.3%), from €48,273 to €32,697
of which Furniture and vehicles: -€12,957
- Receivables within one year +€10,497
up €10,497 (+362%), from €2,897 to €13,394
of which Other amounts receivable: +€13,394
- Cash -€8,649
down €8,649 (-95.5%), from €9,054 to €405
mainly Other debts (-€17,281) and Receivables within one year (-€10,497)
- Deferred charges and accrued income -€666
down €666 (-36.6%), from €1,823 to €1,156
- Other debts -€17,281
no longer reported in 2025 (was €17,281)
- Short-term financial debts +€8,632
new in 2025: €8,632
- Tax, wage and social debts -€4,195
down €4,195 (-67.7%), from €6,197 to €2,001
of which Remuneration and social security: -€4,195
- Trade debts -€2,636
down €2,636 (-75.4%), from €3,496 to €860
- Reserves +€1,664
up €1,664 (+9.4%), from €17,770 to €19,434
- Gross operating margin -€10,908
down €10,908 (-14.6%), from €74,491 to €63,583
- Depreciation -€4,715
down €4,715 (-20.4%), from €23,129 to €18,414
- Taxes -€1,789
down €1,789 (-38.8%), from €4,612 to €2,822
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,240 | €49,527 | -€14,713 | -22.9% |
| Fixed assets | 21/28 | €48,273 | €32,697 | -€15,576 | -32.3% |
| Tangible fixed assets | 22/27 | €48,273 | €32,697 | -€15,576 | -32.3% |
| Plant, machinery and equipment | 23 | €5,436 | €4,101 | -€1,335 | -24.6% |
| Furniture and vehicles | 24 | €40,534 | €27,577 | -€12,957 | -32.0% |
| Other tangible fixed assets | 26 | €2,303 | €1,019 | -€1,284 | -55.8% |
| Current assets | 29/58 | €15,967 | €16,830 | +€863 | +5.4% |
| Stocks and contracts in progress | 3 | €2,194 | €1,875 | -€319 | -14.5% |
| Stocks | 30/36 | €2,194 | €1,875 | -€319 | -14.5% |
| Amounts receivable within one year | 40/41 | €2,897 | €13,394 | +€10,497 | +362% |
| Trade receivables | 40 | €2,897 | - | -€2,897 | |
| Other amounts receivable | 41 | - | €13,394 | +€13,394 | |
| Cash at bank and in hand | 54/58 | €9,054 | €405 | -€8,649 | -95.5% |
| Deferred charges and accrued income | 490/1 | €1,823 | €1,156 | -€666 | -36.6% |
| Total equity and liabilities | 10/49 | €64,240 | €49,527 | -€14,713 | -22.9% |
| Equity | 10/15 | €36,370 | €38,034 | +€1,664 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,770 | €19,434 | +€1,664 | +9.4% |
| Distributable reserves | 133 | €17,770 | €19,434 | +€1,664 | +9.4% |
| Amounts payable | 17/49 | €27,870 | €11,493 | -€16,378 | -58.8% |
| Amounts payable within one year | 42/48 | €26,973 | €11,493 | -€15,480 | -57.4% |
| Financial debts | 43 | - | €8,632 | +€8,632 | |
| Credit institutions | 430/8 | - | €8,632 | +€8,632 | |
| Trade debts | 44 | €3,496 | €860 | -€2,636 | -75.4% |
| Suppliers | 440/4 | €3,496 | €860 | -€2,636 | -75.4% |
| Taxes, remuneration and social security | 45 | €6,197 | €2,001 | -€4,195 | -67.7% |
| Taxes | 450/3 | €862 | €862 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,335 | €1,140 | -€4,195 | -78.6% |
| Other amounts payable | 47/48 | €17,281 | - | -€17,281 | |
| Accrued charges and deferred income | 492/3 | €897 | - | -€897 | |
| Remuneration, social security and pensions | 62 | €38,026 | €38,705 | +€678 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,129 | €18,414 | -€4,715 | -20.4% |
| Other operating charges | 640/8 | €1,343 | €1,186 | -€157 | -11.7% |
| Gross operating margin | 9900 | €74,491 | €63,583 | -€10,908 | -14.6% |
| Operating profit (loss) | 9901 | €11,993 | €5,279 | -€6,714 | -56.0% |
| Financial charges | 65/66B | €849 | €792 | -€57 | -6.7% |
| Recurring financial charges | 65 | €849 | €792 | -€57 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €11,144 | €4,487 | -€6,657 | -59.7% |
| Income taxes | 67/77 | €4,612 | €2,822 | -€1,789 | -38.8% |
| Profit (loss) for the period | 9904 | €6,532 | €1,664 | -€4,868 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,532 | €1,664 | -€4,868 | -74.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.