FR-ICT: 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.
FR-ICT
Largest movements
- Current investments +€99,000
new in 2025: €99,000
- Cash -€53,731
down €53,731 (-60.2%), from €89,313 to €35,582
mainly Current investments (-€99,000) and Receivables within one year (-€28,778)
- Receivables within one year +€28,778
up €28,778 (+214.0%), from €13,445 to €42,223
of which Trade receivables: +€25,061
- Tangible fixed assets -€6,984
down €6,984 (-15.6%), from €44,895 to €37,911
of which Furniture and vehicles: -€5,999
- Reserves +€57,100
up €57,100 (+159.1%), from €35,885 to €92,985
of which Distributable reserves: +€57,100
- Trade debts +€6,867
up €6,867 (+396.2%), from €1,733 to €8,600
- Tax, wage and social debts +€4,876
up €4,876 (+49.1%), from €9,938 to €14,814
- Other debts -€2,648
down €2,648 (-75.7%), from €3,498 to €850
- Gross operating margin +€42,642
up €42,642 (+73.5%), from €58,030 to €100,672
- Taxes +€12,124
up €12,124 (+75.0%), from €16,174 to €28,298
- Depreciation +€3,167
up €3,167 (+26.9%), from €11,770 to €14,937
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,673 | €215,107 | +€65,434 | +43.7% |
| Fixed assets | 21/28 | €46,915 | €38,302 | -€8,613 | -18.4% |
| Intangible fixed assets | 21 | €2,020 | €391 | -€1,629 | -80.6% |
| Tangible fixed assets | 22/27 | €44,895 | €37,911 | -€6,984 | -15.6% |
| Land and buildings | 22 | €350 | €350 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,275 | €3,290 | -€985 | -23.0% |
| Furniture and vehicles | 24 | €40,270 | €34,271 | -€5,999 | -14.9% |
| Current assets | 29/58 | €102,758 | €176,805 | +€74,047 | +72.1% |
| Amounts receivable within one year | 40/41 | €13,445 | €42,223 | +€28,778 | +214.0% |
| Trade receivables | 40 | €12,628 | €37,689 | +€25,061 | +198.5% |
| Other amounts receivable | 41 | €817 | €4,534 | +€3,717 | +455.0% |
| Current investments | 50/53 | - | €99,000 | +€99,000 | |
| Cash at bank and in hand | 54/58 | €89,313 | €35,582 | -€53,731 | -60.2% |
| Total equity and liabilities | 10/49 | €149,673 | €215,107 | +€65,434 | +43.7% |
| Equity | 10/15 | €134,504 | €190,843 | +€56,339 | +41.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €35,885 | €92,985 | +€57,100 | +159.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,075 | €5,075 | = | 0.0% |
| Distributable reserves | 133 | €28,950 | €86,050 | +€57,100 | +197.2% |
| Profit (loss) carried forward | 14 | €86,219 | €85,458 | -€761 | -0.9% |
| Amounts payable | 17/49 | €15,169 | €24,264 | +€9,095 | +60.0% |
| Amounts payable within one year | 42/48 | €15,169 | €24,264 | +€9,095 | +60.0% |
| Trade debts | 44 | €1,733 | €8,600 | +€6,867 | +396.2% |
| Suppliers | 440/4 | €1,733 | €8,600 | +€6,867 | +396.2% |
| Taxes, remuneration and social security | 45 | €9,938 | €14,814 | +€4,876 | +49.1% |
| Taxes | 450/3 | €9,938 | €14,814 | +€4,876 | +49.1% |
| Other amounts payable | 47/48 | €3,498 | €850 | -€2,648 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,770 | €14,937 | +€3,167 | +26.9% |
| Other operating charges | 640/8 | €1,183 | €734 | -€449 | -38.0% |
| Gross operating margin | 9900 | €58,030 | €100,672 | +€42,642 | +73.5% |
| Operating profit (loss) | 9901 | €45,077 | €85,001 | +€39,924 | +88.6% |
| Financial income | 75/76B | €119 | €532 | +€413 | +347.1% |
| Recurring financial income | 75 | €119 | €532 | +€413 | +347.1% |
| Financial charges | 65/66B | €39 | €46 | +€7 | +17.9% |
| Recurring financial charges | 65 | €39 | €46 | +€7 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €45,157 | €85,487 | +€40,330 | +89.3% |
| Income taxes | 67/77 | €16,174 | €28,298 | +€12,124 | +75.0% |
| Profit (loss) for the period | 9904 | €28,983 | €57,189 | +€28,206 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,983 | €57,189 | +€28,206 | +97.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.