ILONATO: 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.
What changed
ILONATO
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.8m
2024 · €5.1m-€286,953
Equity
€6.3m
2024 · €10.5m-€4.1m
Cash
€1.1m
2024 · €1.7m-€585,088
Balance sheet total
€40.0m
2024 · €36.6m+€3.4m
Largest movements
Assets
- Tangible fixed assets +€3.1m
up €3.1m (+21.0%), from €14.7m to €17.8m
of which Land and buildings: +€3.3m
- Cash -€585,088
down €585,088 (-34.9%), from €1.7m to €1.1m
mainly Contributions, distributions and other (-€8.9m) and Investment in fixed assets (net) (-€4.2m)
- Receivables within one year +€478,769
up €478,769 (+7.4%), from €6.4m to €6.9m
of which Trade receivables: +€696,916
- Stocks and contracts +€420,744
up €420,744 (+5.3%), from €7.9m to €8.3m
Equity and liabilities
- Other debts +€7.2m
up €7.2m (+572%), from €1.3m to €8.4m
- Profit (loss) carried forward -€4.0m
down €4.0m (-46.8%), from €8.6m to €4.6m
- Current portion of long-term debt -€1.3m
down €1.3m (-40.3%), from €3.2m to €1.9m
- Debts after one year +€1.2m
up €1.2m (+10.1%), from €11.4m to €12.6m
of which Financial debts: +€1.1m
Income statement
- Turnover +€6.0m
up €6.0m (+14.6%), from €41.4m to €47.5m
- Goods and materials +€4.9m
up €4.9m (+15.9%), from €30.8m to €35.8m
of which Purchases: +€4.5m
- Staff costs +€630,993
up €630,993 (+28.8%), from €2.2m to €2.8m
- Services and other goods +€500,743
up €500,743 (+31.7%), from €1.6m to €2.1m
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.
Result 2024
€5.1m
Turnover
+€6.0m
Other operating income
+€31,800
Goods and materials
-€4.9m
Services and other goods
-€500,743
Staff costs
-€630,993
Depreciation
-€185,403
Other operating charges
+€16,353
Other operating items
-€35,995
Financial income
-€134,313
Financial charges
+€2,598
Taxes
+€26,850
Result 2025
€4.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€12.7m
Investment
-€4.2m
Financing
-€9.1m
Cash 2024
€1.7m
From operations (derived)
+€12.7m
Net result for the year
+€4.8m
Depreciation
+€1.1m
Stocks and contracts
-€420,744
Receivables within one year
-€478,769
Smaller working-capital items
-€2,338
Trade debts
+€227,214
Tax, wage and social debts
+€328,793
Other debts
+€7.2m
Investment (derived)
-€4.2m
Investment in fixed assets (net)
-€4.2m
Financing
-€9.1m
Debts after one year
+€1.2m
Current portion of long-term debt
-€1.3m
Short-term financial debts
-€1,643
Contributions, distributions and other
-€8.9m
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,559,801 | €39,954,827 | +€3.4m | +9.3% |
| Fixed assets | 21/28 | €20,535,058 | €23,615,060 | +€3.1m | +15.0% |
| Intangible fixed assets | 21 | €63,960 | €49,982 | -€13,978 | -21.9% |
| Tangible fixed assets | 22/27 | €14,737,293 | €17,831,273 | +€3.1m | +21.0% |
| Land and buildings | 22 | €12,908,574 | €16,219,763 | +€3.3m | +25.7% |
| Plant, machinery and equipment | 23 | €417,940 | €543,363 | +€125,424 | +30.0% |
| Furniture and vehicles | 24 | €245,570 | €258,900 | +€13,330 | +5.4% |
| Leasing and similar rights | 25 | €1,155,908 | €799,945 | -€355,963 | -30.8% |
| Other tangible fixed assets | 26 | €9,301 | €9,301 | = | 0.0% |
| Financial fixed assets | 28 | €5,733,805 | €5,733,805 | = | 0.0% |
| Affiliated companies | 280/1 | €5,711,738 | €5,711,738 | = | 0.0% |
| Participating interests | 280 | €5,711,738 | €5,711,738 | = | 0.0% |
| Other financial fixed assets | 284/8 | €22,066 | €22,066 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €22,066 | €22,066 | = | 0.0% |
| Current assets | 29/58 | €16,024,743 | €16,339,767 | +€315,024 | +2.0% |
| Stocks and contracts in progress | 3 | €7,885,234 | €8,305,979 | +€420,744 | +5.3% |
| Stocks | 30/36 | €7,885,234 | €8,305,979 | +€420,744 | +5.3% |
| Goods purchased for resale | 34 | €7,885,234 | €8,305,979 | +€420,744 | +5.3% |
| Amounts receivable within one year | 40/41 | €6,433,066 | €6,911,835 | +€478,769 | +7.4% |
| Trade receivables | 40 | €5,785,369 | €6,482,285 | +€696,916 | +12.0% |
| Other amounts receivable | 41 | €647,697 | €429,550 | -€218,147 | -33.7% |
| Cash at bank and in hand | 54/58 | €1,674,335 | €1,089,247 | -€585,088 | -34.9% |
| Deferred charges and accrued income | 490/1 | €32,108 | €32,707 | +€599 | +1.9% |
| Total equity and liabilities | 10/49 | €36,559,801 | €39,954,827 | +€3.4m | +9.3% |
| Equity | 10/15 | €10,494,442 | €6,344,625 | -€4.1m | -39.5% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Reserves | 13 | €315,750 | €315,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €315,750 | €315,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,616,283 | €4,581,574 | -€4.0m | -46.8% |
| Investment grants | 15 | €1,142,409 | €1,027,301 | -€115,108 | -10.1% |
| Amounts payable | 17/49 | €26,065,359 | €33,610,202 | +€7.5m | +28.9% |
| Amounts payable after more than one year | 17 | €11,425,979 | €12,576,165 | +€1.2m | +10.1% |
| Financial debts | 170/4 | €11,381,079 | €12,529,765 | +€1.1m | +10.1% |
| Leasing and similar obligations | 172 | €929,937 | €583,823 | -€346,114 | -37.2% |
| Credit institutions | 173 | €10,451,142 | €11,945,942 | +€1.5m | +14.3% |
| Other amounts payable | 178/9 | €44,900 | €46,400 | +€1,500 | +3.3% |
| Amounts payable within one year | 42/48 | €14,593,018 | €20,989,414 | +€6.4m | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €3,241,947 | €1,933,980 | -€1.3m | -40.3% |
| Financial debts | 43 | €3,801,643 | €3,800,000 | -€1,643 | 0.0% |
| Credit institutions | 430/8 | €3,801,643 | €3,800,000 | -€1,643 | 0.0% |
| Trade debts | 44 | €5,533,008 | €5,760,222 | +€227,214 | +4.1% |
| Suppliers | 440/4 | €5,533,008 | €5,760,222 | +€227,214 | +4.1% |
| Taxes, remuneration and social security | 45 | €766,419 | €1,095,212 | +€328,793 | +42.9% |
| Taxes | 450/3 | €574,813 | €864,837 | +€290,024 | +50.5% |
| Remuneration and social security | 454/9 | €191,607 | €230,376 | +€38,769 | +20.2% |
| Other amounts payable | 47/48 | €1,250,000 | €8,400,000 | +€7.2m | +572% |
| Accrued charges and deferred income | 492/3 | €46,362 | €44,623 | -€1,739 | -3.8% |
| Operating income | 70/76A | €41,540,194 | €47,575,632 | +€6.0m | +14.5% |
| Turnover | 70 | €41,444,455 | €47,482,856 | +€6.0m | +14.6% |
| Other operating income | 74 | €60,322 | €92,122 | +€31,800 | +52.7% |
| Non-recurring operating income | 76A | €35,418 | €654 | -€34,764 | -98.2% |
| Operating charges | 60/66A | €36,077,114 | €42,294,640 | +€6.2m | +17.2% |
| Goods for resale, raw materials and consumables | 60 | €30,846,222 | €35,761,730 | +€4.9m | +15.9% |
| Purchases | 600/8 | €31,700,098 | €36,182,474 | +€4.5m | +14.1% |
| Change in stocks: decrease (increase) | 609 | -€853,875 | -€420,744 | +€433,131 | +50.7% |
| Services and other goods | 61 | €1,581,264 | €2,082,007 | +€500,743 | +31.7% |
| Remuneration, social security and pensions | 62 | €2,190,437 | €2,821,430 | +€630,993 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €956,871 | €1,142,274 | +€185,403 | +19.4% |
| Other operating charges | 640/8 | €502,320 | €485,967 | -€16,353 | -3.3% |
| Non-recurring operating charges | 66A | - | €1,231 | +€1,231 | |
| Operating profit (loss) | 9901 | €5,463,081 | €5,280,992 | -€182,088 | -3.3% |
| Financial income | 75/76B | €1,563,921 | €1,429,608 | -€134,313 | -8.6% |
| Recurring financial income | 75 | €1,562,871 | €1,429,608 | -€133,263 | -8.5% |
| Income from financial fixed assets | 750 | €1,450,000 | €1,300,000 | -€150,000 | -10.3% |
| Income from current assets | 751 | €4,526 | €6,305 | +€1,779 | +39.3% |
| Other financial income | 752/9 | €108,345 | €123,303 | +€14,957 | +13.8% |
| Non-recurring financial income | 76B | €1,050 | - | -€1,050 | |
| Financial charges | 65/66B | €759,813 | €757,215 | -€2,598 | -0.3% |
| Recurring financial charges | 65 | €759,813 | €750,215 | -€9,598 | -1.3% |
| Debt charges | 650 | €723,147 | €709,001 | -€14,146 | -2.0% |
| Other financial charges | 652/9 | €36,666 | €41,214 | +€4,548 | +12.4% |
| Non-recurring financial charges | 66B | - | €7,000 | +€7,000 | |
| Profit (loss) for the period before taxes | 9903 | €6,267,189 | €5,953,386 | -€313,803 | -5.0% |
| Income taxes | 67/77 | €1,214,946 | €1,188,095 | -€26,850 | -2.2% |
| Taxes | 670/3 | €1,214,946 | €1,188,095 | -€26,850 | -2.2% |
| Profit (loss) for the period | 9904 | €5,052,244 | €4,765,291 | -€286,953 | -5.7% |
| Transfer to tax-exempt reserves | 689 | €315,750 | - | -€315,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,736,494 | €4,765,291 | +€28,797 | +0.6% |
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 29 October 2026 via checked.be.