A.I.C.Y.: 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.
A.I.C.Y.
Largest movements
- Stocks and contracts +€8,000
up €8,000 (+59.5%), from €13,449 to €21,449
- Receivables within one year -€6,347
down €6,347 (-67.0%), from €9,468 to €3,121
- Cash -€2,054
down €2,054 (-38.3%), from €5,359 to €3,305
mainly Stocks and contracts (-€8,000) and Trade debts (-€7,396)
- Tangible fixed assets -€431
down €431 (-45.0%), from €959 to €527
- Tax, wage and social debts +€11,789
up €11,789 (+208%), from €5,665 to €17,454
of which Remuneration and social security: +€6,384
- Trade debts -€7,396
down €7,396 (-96.4%), from €7,669 to €273
- Profit (loss) carried forward -€5,557
down €5,557 (-34.9%), from €15,900 to €10,343
- Other debts +€331
new in 2025: €331
- Taxes +€26,496
up €26,496, from -€11 to €26,485
- Other operating charges -€10,887
down €10,887 (-88.4%), from €12,320 to €1,433
- Staff costs -€10,414
down €10,414 (-32.3%), from €32,287 to €21,873
- Gross operating margin -€8,408
down €8,408 (-15.8%), from €53,238 to €44,830
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 | €30,734 | €29,901 | -€833 | -2.7% |
| Fixed assets | 21/28 | €2,459 | €2,027 | -€431 | -17.5% |
| Tangible fixed assets | 22/27 | €959 | €527 | -€431 | -45.0% |
| Furniture and vehicles | 24 | €959 | €527 | -€431 | -45.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €28,276 | €27,874 | -€402 | -1.4% |
| Stocks and contracts in progress | 3 | €13,449 | €21,449 | +€8,000 | +59.5% |
| Stocks | 30/36 | €13,449 | €21,449 | +€8,000 | +59.5% |
| Amounts receivable within one year | 40/41 | €9,468 | €3,121 | -€6,347 | -67.0% |
| Other amounts receivable | 41 | €9,468 | €3,121 | -€6,347 | -67.0% |
| Cash at bank and in hand | 54/58 | €5,359 | €3,305 | -€2,054 | -38.3% |
| Total equity and liabilities | 10/49 | €30,734 | €29,901 | -€833 | -2.7% |
| Equity | 10/15 | €17,400 | €11,843 | -€5,557 | -31.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,900 | €10,343 | -€5,557 | -34.9% |
| Amounts payable | 17/49 | €13,334 | €18,058 | +€4,724 | +35.4% |
| Amounts payable within one year | 42/48 | €13,334 | €18,058 | +€4,724 | +35.4% |
| Trade debts | 44 | €7,669 | €273 | -€7,396 | -96.4% |
| Suppliers | 440/4 | €7,669 | €273 | -€7,396 | -96.4% |
| Taxes, remuneration and social security | 45 | €5,665 | €17,454 | +€11,789 | +208% |
| Taxes | 450/3 | €2,503 | €7,908 | +€5,405 | +216% |
| Remuneration and social security | 454/9 | €3,162 | €9,546 | +€6,384 | +202% |
| Other amounts payable | 47/48 | - | €331 | +€331 | |
| Remuneration, social security and pensions | 62 | €32,287 | €21,873 | -€10,414 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €431 | +€25 | +6.1% |
| Other operating charges | 640/8 | €12,320 | €1,433 | -€10,887 | -88.4% |
| Gross operating margin | 9900 | €53,238 | €44,830 | -€8,408 | -15.8% |
| Operating profit (loss) | 9901 | €8,224 | €21,092 | +€12,868 | +156% |
| Financial charges | 65/66B | €241 | €164 | -€77 | -31.9% |
| Recurring financial charges | 65 | €241 | €164 | -€77 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €7,984 | €20,928 | +€12,944 | +162% |
| Income taxes | 67/77 | -€11 | €26,485 | +€26,496 | |
| Profit (loss) for the period | 9904 | €7,995 | -€5,557 | -€13,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,995 | -€5,557 | -€13,551 |
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 23 October 2026 via checked.be.