DV ICE: 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.
DV ICE
Largest movements
- Cash -€62,533
down €62,533 (-23.1%), from €270,880 to €208,347
mainly Investment in fixed assets (net) (-€146,296) and Contributions, distributions and other (-€120,000)
- Tangible fixed assets +€47,072
up €47,072 (+5.8%), from €811,480 to €858,551
of which Plant, machinery and equipment: +€79,872
- Receivables within one year +€43,936
up €43,936 (+98.8%), from €44,456 to €88,392
of which Trade receivables: +€53,039
- Stocks and contracts +€13,647
up €13,647 (+68.7%), from €19,861 to €33,508
- Debts after one year +€71,726
up €71,726 (+15.7%), from €457,557 to €529,283
- Accrued charges and deferred income -€43,933
down €43,933 (-94.9%), from €46,278 to €2,345
- Trade debts +€33,940
up €33,940 (+194%), from €17,487 to €51,427
- Current portion of long-term debt -€19,147
down €19,147 (-12.2%), from €157,345 to €138,198
- Gross operating margin -€172,724
down €172,724 (-25.6%), from €674,849 to €502,125
- Staff costs -€97,024
down €97,024 (-30.8%), from €315,295 to €218,272
- Other operating charges -€90,071
down €90,071 (-90.7%), from €99,351 to €9,281
- Depreciation -€25,868
down €25,868 (-20.7%), from €125,093 to €99,225
- Taxes +€18,981
up €18,981 (+111%), from €17,133 to €36,114
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 | €1,150,519 | €1,192,702 | +€42,182 | +3.7% |
| Fixed assets | 21/28 | €811,480 | €858,551 | +€47,072 | +5.8% |
| Tangible fixed assets | 22/27 | €811,480 | €858,551 | +€47,072 | +5.8% |
| Land and buildings | 22 | €623,010 | €580,359 | -€42,651 | -6.8% |
| Plant, machinery and equipment | 23 | €114,691 | €194,563 | +€79,872 | +69.6% |
| Furniture and vehicles | 24 | €73,778 | €83,629 | +€9,851 | +13.4% |
| Current assets | 29/58 | €339,040 | €334,150 | -€4,889 | -1.4% |
| Stocks and contracts in progress | 3 | €19,861 | €33,508 | +€13,647 | +68.7% |
| Stocks | 30/36 | €19,861 | €33,508 | +€13,647 | +68.7% |
| Amounts receivable within one year | 40/41 | €44,456 | €88,392 | +€43,936 | +98.8% |
| Trade receivables | 40 | €77 | €53,116 | +€53,039 | +68,587% |
| Other amounts receivable | 41 | €44,379 | €35,276 | -€9,103 | -20.5% |
| Cash at bank and in hand | 54/58 | €270,880 | €208,347 | -€62,533 | -23.1% |
| Deferred charges and accrued income | 490/1 | €3,842 | €3,903 | +€61 | +1.6% |
| Total equity and liabilities | 10/49 | €1,150,519 | €1,192,702 | +€42,182 | +3.7% |
| Equity | 10/15 | €435,383 | €431,584 | -€3,799 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,082 | €15,082 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,222 | €13,222 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €401,701 | €397,901 | -€3,799 | -0.9% |
| Amounts payable | 17/49 | €715,136 | €761,118 | +€45,982 | +6.4% |
| Amounts payable after more than one year | 17 | €457,557 | €529,283 | +€71,726 | +15.7% |
| Financial debts | 170/4 | €457,557 | €529,283 | +€71,726 | +15.7% |
| Amounts payable within one year | 42/48 | €211,300 | €229,489 | +€18,189 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €157,345 | €138,198 | -€19,147 | -12.2% |
| Trade debts | 44 | €17,487 | €51,427 | +€33,940 | +194% |
| Suppliers | 440/4 | €17,487 | €51,427 | +€33,940 | +194% |
| Taxes, remuneration and social security | 45 | €35,937 | €38,130 | +€2,193 | +6.1% |
| Taxes | 450/3 | €3,439 | €1,351 | -€2,088 | -60.7% |
| Remuneration and social security | 454/9 | €32,498 | €36,778 | +€4,280 | +13.2% |
| Other amounts payable | 47/48 | €532 | €1,734 | +€1,202 | +226% |
| Accrued charges and deferred income | 492/3 | €46,278 | €2,345 | -€43,933 | -94.9% |
| Remuneration, social security and pensions | 62 | €315,295 | €218,272 | -€97,024 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,093 | €99,225 | -€25,868 | -20.7% |
| Other operating charges | 640/8 | €99,351 | €9,281 | -€90,071 | -90.7% |
| Gross operating margin | 9900 | €674,849 | €502,125 | -€172,724 | -25.6% |
| Operating profit (loss) | 9901 | €135,110 | €175,348 | +€40,238 | +29.8% |
| Financial income | 75/76B | €2,624 | €525 | -€2,099 | -80.0% |
| Recurring financial income | 75 | €2,624 | €525 | -€2,099 | -80.0% |
| Financial charges | 65/66B | €40,460 | €23,558 | -€16,902 | -41.8% |
| Recurring financial charges | 65 | €40,460 | €23,558 | -€16,902 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €97,273 | €152,315 | +€55,042 | +56.6% |
| Income taxes | 67/77 | €17,133 | €36,114 | +€18,981 | +111% |
| Profit (loss) for the period | 9904 | €80,140 | €116,201 | +€36,060 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,140 | €116,201 | +€36,060 | +45.0% |
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 22 October 2026 via checked.be.