CICO WORK: 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.
CICO WORK
Largest movements
- Receivables within one year +€42,446
up €42,446 (+36.4%), from €116,750 to €159,197
of which Other amounts receivable: +€33,122
- Tangible fixed assets -€5,599
down €5,599 (-21.9%), from €25,605 to €20,007
- Profit (loss) carried forward +€23,583
up €23,583 (+64.5%), from €36,566 to €60,149
- Trade debts +€10,828
up €10,828 (+17.1%), from €63,400 to €74,227
- Tax, wage and social debts +€6,364
up €6,364 (+41.4%), from €15,373 to €21,737
of which Remuneration and social security: +€8,190
- Debts after one year -€4,849
down €4,849 (-23.9%), from €20,278 to €15,428
- Gross operating margin -€17,156
down €17,156 (-32.4%), from €52,896 to €35,740
- Taxes -€6,167
down €6,167 (-49.1%), from €12,573 to €6,406
- Depreciation +€3,210
up €3,210 (+134%), from €2,388 to €5,599
- Financial income +€1,755
up €1,755 (+107%), from €1,635 to €3,391
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,007 | €179,679 | +€36,672 | +25.6% |
| Fixed assets | 21/28 | €25,605 | €20,007 | -€5,599 | -21.9% |
| Tangible fixed assets | 22/27 | €25,605 | €20,007 | -€5,599 | -21.9% |
| Furniture and vehicles | 24 | €25,605 | €20,007 | -€5,599 | -21.9% |
| Current assets | 29/58 | €117,402 | €159,672 | +€42,270 | +36.0% |
| Amounts receivable within one year | 40/41 | €116,750 | €159,197 | +€42,446 | +36.4% |
| Trade receivables | 40 | €70,068 | €79,393 | +€9,325 | +13.3% |
| Other amounts receivable | 41 | €46,682 | €79,804 | +€33,122 | +71.0% |
| Cash at bank and in hand | 54/58 | €298 | €22 | -€276 | -92.8% |
| Deferred charges and accrued income | 490/1 | €354 | €454 | +€100 | +28.3% |
| Total equity and liabilities | 10/49 | €143,007 | €179,679 | +€36,672 | +25.6% |
| Equity | 10/15 | €39,466 | €63,049 | +€23,583 | +59.8% |
| Contributions | 10/11 | €2,900 | €2,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,566 | €60,149 | +€23,583 | +64.5% |
| Amounts payable | 17/49 | €103,541 | €116,630 | +€13,089 | +12.6% |
| Amounts payable after more than one year | 17 | €20,278 | €15,428 | -€4,849 | -23.9% |
| Financial debts | 170/4 | €20,278 | €15,428 | -€4,849 | -23.9% |
| Amounts payable within one year | 42/48 | €83,263 | €101,201 | +€17,938 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €4,491 | €5,237 | +€746 | +16.6% |
| Trade debts | 44 | €63,400 | €74,227 | +€10,828 | +17.1% |
| Suppliers | 440/4 | €63,400 | €74,227 | +€10,828 | +17.1% |
| Taxes, remuneration and social security | 45 | €15,373 | €21,737 | +€6,364 | +41.4% |
| Taxes | 450/3 | €12,573 | €10,747 | -€1,826 | -14.5% |
| Remuneration and social security | 454/9 | €2,800 | €10,990 | +€8,190 | +293% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,388 | €5,599 | +€3,210 | +134% |
| Other operating charges | 640/8 | €146 | €240 | +€94 | +64.4% |
| Gross operating margin | 9900 | €52,896 | €35,740 | -€17,156 | -32.4% |
| Operating profit (loss) | 9901 | €50,361 | €29,901 | -€20,460 | -40.6% |
| Financial income | 75/76B | €1,635 | €3,391 | +€1,755 | +107% |
| Recurring financial income | 75 | €1,635 | €3,391 | +€1,755 | +107% |
| Financial charges | 65/66B | €2,857 | €3,304 | +€446 | +15.6% |
| Recurring financial charges | 65 | €2,857 | €3,304 | +€446 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €49,139 | €29,988 | -€19,151 | -39.0% |
| Income taxes | 67/77 | €12,573 | €6,406 | -€6,167 | -49.1% |
| Profit (loss) for the period | 9904 | €36,566 | €23,583 | -€12,984 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,566 | €23,583 | -€12,984 | -35.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.