Core ICT: what changed
Two fiscal 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
Core ICT
NACE 47.400, Retail sale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€483,869
2024 · €1.1m-€616,756
Equity
€2.1m
2024 · €2.1m+€0
Cash
€1.1m
2024 · €150,728+€935,970
Balance sheet total
€11.4m
2024 · €13.6m-€2.2m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-13.8%), from €11.4m to €9.8m
of which Other amounts receivable: -€851,196
- Receivables after one year -€1.1m
no longer reported in 2025 (was €1.1m)
- Cash +€935,970
up €935,970 (+621.0%), from €150,728 to €1.1m
mainly Receivables within one year (+€1.6m) and Receivables after one year (+€1.1m)
- Deferred charges and accrued income -€480,270
down €480,270 (-59.0%), from €813,631 to €333,361
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-25.4%), from €6.6m to €4.9m
- Accrued charges and deferred income -€561,959
down €561,959 (-57.6%), from €975,752 to €413,793
- Tax, wage and social debts +€294,927
up €294,927 (+103.8%), from €284,006 to €578,933
of which Taxes: +€221,227
- Short-term financial debts -€284,156
no longer reported in 2025 (was €284,156)
Income statement
- Turnover -€1.5m
down €1.5m (-10.5%), from €14.3m to €12.8m
- Goods and materials -€1.0m
down €1.0m (-10.9%), from €9.3m to €8.3m
- Staff costs +€274,380
up €274,380 (+23.9%), from €1.1m to €1.4m
- Taxes -€199,019
down €199,019 (-50.4%), from €394,685 to €195,666
of which Taxes: -€193,685
- Other operating income -€147,935
down €147,935 (-56.0%), from €264,135 to €116,200
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
€1.1m
Turnover
-€1.5m
Other operating income
-€147,935
Goods and materials
+€1.0m
Services and other goods
+€64,495
Staff costs
-€274,380
Depreciation
-€18,561
Other operating charges
-€13,025
Financial income
+€36,286
Financial charges
+€28,837
Taxes
+€199,019
Result 2025
€483,869
Cash bridge derived
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
+€1.8m
Investment
-€92,079
Financing
-€797,182
Cash 2024
€150,728
From operations (derived)
+€1.8m
Net result for the year
+€483,869
Depreciation
+€73,443
Receivables after one year
+€1.1m
Receivables within one year
+€1.6m
Deferred charges and accrued income
+€480,270
Trade debts
-€1.7m
Tax, wage and social debts
+€294,927
Other debts
+€71,385
Accrued charges and deferred income
-€561,959
Investment (derived)
-€92,079
Investment in fixed assets (net)
-€92,079
Financing
-€797,182
Debts after one year
-€46,961
Current portion of long-term debt
+€17,803
Short-term financial debts
-€284,156
Contributions, distributions and other
-€483,869
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,622,130 | €11,430,969 | -€2.2m | -16.1% |
| Fixed assets | 21/28 | €179,937 | €198,573 | +€18,636 | +10.4% |
| Tangible fixed assets | 22/27 | €166,307 | €184,943 | +€18,636 | +11.2% |
| Plant, machinery and equipment | 23 | €117,021 | €158,266 | +€41,245 | +35.2% |
| Furniture and vehicles | 24 | €16,860 | €3,870 | -€12,990 | -77.0% |
| Leasing and similar rights | 25 | €32,427 | €22,807 | -€9,620 | -29.7% |
| Financial fixed assets | 28 | €13,630 | €13,630 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,630 | €13,630 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €13,630 | €13,630 | = | 0.0% |
| Current assets | 29/58 | €13,442,193 | €11,232,396 | -€2.2m | -16.4% |
| Amounts receivable after more than one year | 29 | €1,096,815 | - | -€1.1m | |
| Trade receivables | 290 | €1,096,815 | - | -€1.1m | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €11,381,018 | €9,812,337 | -€1.6m | -13.8% |
| Trade receivables | 40 | €9,183,037 | €8,465,551 | -€717,486 | -7.8% |
| Other amounts receivable | 41 | €2,197,982 | €1,346,786 | -€851,196 | -38.7% |
| Cash at bank and in hand | 54/58 | €150,728 | €1,086,698 | +€935,970 | +621.0% |
| Deferred charges and accrued income | 490/1 | €813,631 | €333,361 | -€480,270 | -59.0% |
| Total equity and liabilities | 10/49 | €13,622,130 | €11,430,969 | -€2.2m | -16.1% |
| Equity | 10/15 | €2,054,559 | €2,054,559 | +€0 | 0.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,804,559 | €1,804,559 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €1,779,559 | €1,779,559 | +€0 | 0.0% |
| Amounts payable | 17/49 | €11,567,571 | €9,376,410 | -€2.2m | -18.9% |
| Amounts payable after more than one year | 17 | €51,712 | €4,751 | -€46,961 | -90.8% |
| Financial debts | 170/4 | €51,712 | €4,751 | -€46,961 | -90.8% |
| Leasing and similar obligations | 172 | €15,818 | €4,751 | -€11,067 | -70.0% |
| Other loans | 174 | €35,894 | - | -€35,894 | |
| Amounts payable within one year | 42/48 | €10,540,107 | €8,957,866 | -€1.6m | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €10,606 | €28,409 | +€17,803 | +167.9% |
| Financial debts | 43 | €284,156 | - | -€284,156 | |
| Credit institutions | 430/8 | €284,156 | - | -€284,156 | |
| Trade debts | 44 | €6,616,161 | €4,933,961 | -€1.7m | -25.4% |
| Suppliers | 440/4 | €6,616,161 | €4,933,961 | -€1.7m | -25.4% |
| Taxes, remuneration and social security | 45 | €284,006 | €578,933 | +€294,927 | +103.8% |
| Taxes | 450/3 | €151,453 | €372,680 | +€221,227 | +146.1% |
| Remuneration and social security | 454/9 | €132,553 | €206,253 | +€73,700 | +55.6% |
| Other amounts payable | 47/48 | €3,345,178 | €3,416,563 | +€71,385 | +2.1% |
| Accrued charges and deferred income | 492/3 | €975,752 | €413,793 | -€561,959 | -57.6% |
| Operating income | 70/76A | €14,567,260 | €12,919,149 | -€1.6m | -11.3% |
| Turnover | 70 | €14,303,124 | €12,802,949 | -€1.5m | -10.5% |
| Other operating income | 74 | €264,135 | €116,200 | -€147,935 | -56.0% |
| Operating charges | 60/66A | €12,879,665 | €12,112,454 | -€767,211 | -6.0% |
| Goods for resale, raw materials and consumables | 60 | €9,295,046 | €8,286,363 | -€1.0m | -10.9% |
| Purchases | 600/8 | €9,295,046 | €8,286,363 | -€1.0m | -10.9% |
| Services and other goods | 61 | €2,379,699 | €2,315,204 | -€64,495 | -2.7% |
| Remuneration, social security and pensions | 62 | €1,148,030 | €1,422,410 | +€274,380 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,882 | €73,443 | +€18,561 | +33.8% |
| Other operating charges | 640/8 | €2,009 | €15,034 | +€13,025 | +648.4% |
| Operating profit (loss) | 9901 | €1,687,594 | €806,695 | -€880,899 | -52.2% |
| Financial income | 75/76B | €91,568 | €127,854 | +€36,286 | +39.6% |
| Recurring financial income | 75 | €91,568 | €127,854 | +€36,286 | +39.6% |
| Income from current assets | 751 | €78,797 | €83,490 | +€4,693 | +6.0% |
| Other financial income | 752/9 | €12,771 | €44,364 | +€31,594 | +247.4% |
| Financial charges | 65/66B | €283,851 | €255,014 | -€28,837 | -10.2% |
| Recurring financial charges | 65 | €283,851 | €255,014 | -€28,837 | -10.2% |
| Debt charges | 650 | €227,222 | €181,851 | -€45,371 | -20.0% |
| Other financial charges | 652/9 | €56,629 | €73,163 | +€16,534 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €1,495,311 | €679,535 | -€815,776 | -54.6% |
| Income taxes | 67/77 | €394,685 | €195,666 | -€199,019 | -50.4% |
| Taxes | 670/3 | €394,685 | €201,000 | -€193,685 | -49.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,334 | +€5,334 | |
| Profit (loss) for the period | 9904 | €1,100,625 | €483,869 | -€616,756 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,100,625 | €483,869 | -€616,756 | -56.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.