GROEP ICEN: 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.
GROEP ICEN
Largest movements
- Receivables within one year -€391,809
down €391,809 (-76.0%), from €515,599 to €123,790
of which Trade receivables: -€431,712
- Tangible fixed assets -€187,337
down €187,337 (-13.2%), from €1.4m to €1.2m
of which Assets under construction and advance payments: -€394,992
- Accrued charges and deferred income -€628,836
down €628,836 (-90.2%), from €696,822 to €67,986
- Debts after one year -€436,813
down €436,813 (-50.9%), from €857,591 to €420,778
- Reserves +€193,472
up €193,472 (+70.4%), from €274,753 to €468,225
of which Tax-exempt reserves: +€108,825
- Current portion of long-term debt +€149,917
up €149,917, from €0 to €149,917
- Tax, wage and social debts +€122,936
up €122,936 (+2,067%), from €5,949 to €128,885
of which Taxes: +€122,936
- Gross operating margin +€126,231
up €126,231 (+129%), from €97,830 to €224,061
- Financial charges +€54,767
up €54,767 (+480%), from €11,406 to €66,173
- Taxes +€27,372
up €27,372 (+152%), from €18,032 to €45,404
- Depreciation +€4,226
up €4,226 (+29.8%), from €14,166 to €18,392
- Financial income +€3,497
up €3,497 (+349,710%), from €1 to €3,498
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 | €1,971,108 | €1,381,736 | -€589,371 | -29.9% |
| Fixed assets | 21/28 | €1,431,449 | €1,244,111 | -€187,337 | -13.1% |
| Tangible fixed assets | 22/27 | €1,417,449 | €1,230,111 | -€187,337 | -13.2% |
| Land and buildings | 22 | €488,622 | €695,698 | +€207,076 | +42.4% |
| Plant, machinery and equipment | 23 | €3,362 | €1,718 | -€1,644 | -48.9% |
| Furniture and vehicles | 24 | €1,851 | €4,074 | +€2,223 | +120% |
| Assets under construction and advance payments | 27 | €923,613 | €528,621 | -€394,992 | -42.8% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €539,659 | €137,625 | -€402,034 | -74.5% |
| Amounts receivable within one year | 40/41 | €515,599 | €123,790 | -€391,809 | -76.0% |
| Trade receivables | 40 | €476,184 | €44,472 | -€431,712 | -90.7% |
| Other amounts receivable | 41 | €39,415 | €79,318 | +€39,903 | +101% |
| Cash at bank and in hand | 54/58 | €24,060 | €13,103 | -€10,957 | -45.5% |
| Deferred charges and accrued income | 490/1 | €0 | €732 | +€732 | |
| Total equity and liabilities | 10/49 | €1,971,108 | €1,381,736 | -€589,371 | -29.9% |
| Equity | 10/15 | €294,753 | €488,225 | +€193,472 | +65.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €274,753 | €468,225 | +€193,472 | +70.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €127,909 | €236,734 | +€108,825 | +85.1% |
| Distributable reserves | 133 | €146,844 | €231,491 | +€84,647 | +57.6% |
| Provisions and deferred taxes | 16 | €42,636 | €78,911 | +€36,275 | +85.1% |
| Deferred taxes | 168 | €42,636 | €78,911 | +€36,275 | +85.1% |
| Amounts payable | 17/49 | €1,633,719 | €814,600 | -€819,119 | -50.1% |
| Amounts payable after more than one year | 17 | €857,591 | €420,778 | -€436,813 | -50.9% |
| Financial debts | 170/4 | €857,591 | €420,778 | -€436,813 | -50.9% |
| Amounts payable within one year | 42/48 | €79,306 | €325,836 | +€246,530 | +311% |
| Current portion of amounts payable after more than one year | 42 | €0 | €149,917 | +€149,917 | |
| Financial debts | 43 | €8,167 | €7,000 | -€1,167 | -14.3% |
| Credit institutions | 430/8 | €8,167 | €7,000 | -€1,167 | -14.3% |
| Trade debts | 44 | €26,290 | €1,133 | -€25,157 | -95.7% |
| Suppliers | 440/4 | €26,290 | €1,133 | -€25,157 | -95.7% |
| Taxes, remuneration and social security | 45 | €5,949 | €128,885 | +€122,936 | +2,067% |
| Taxes | 450/3 | €5,399 | €128,335 | +€122,936 | +2,277% |
| Remuneration and social security | 454/9 | €550 | €550 | = | 0.0% |
| Other amounts payable | 47/48 | €38,900 | €38,900 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €696,822 | €67,986 | -€628,836 | -90.2% |
| Non-recurring operating income | 76A | €74,447 | €63,518 | -€10,929 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,166 | €18,392 | +€4,226 | +29.8% |
| Other operating charges | 640/8 | €17,613 | €14,920 | -€2,693 | -15.3% |
| Gross operating margin | 9900 | €97,830 | €224,061 | +€126,231 | +129% |
| Operating profit (loss) | 9901 | €66,052 | €190,750 | +€124,698 | +189% |
| Financial income | 75/76B | €1 | €3,498 | +€3,497 | +349,710% |
| Recurring financial income | 75 | €1 | €3,498 | +€3,497 | +349,710% |
| Financial charges | 65/66B | €11,406 | €66,173 | +€54,767 | +480% |
| Recurring financial charges | 65 | €11,406 | €66,173 | +€54,767 | +480% |
| Profit (loss) for the period before taxes | 9903 | €54,647 | €128,075 | +€73,428 | +134% |
| Transfer from deferred taxes | 780 | - | €494 | +€494 | |
| Income taxes | 67/77 | €18,032 | €45,404 | +€27,372 | +152% |
| Profit (loss) for the period | 9904 | €36,614 | €83,164 | +€46,550 | +127% |
| Transfer from tax-exempt reserves | 789 | - | €1,482 | +€1,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,614 | €84,647 | +€48,032 | +131% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.