GROUPE ICP: 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.
GROUPE ICP
Largest movements
- Tangible fixed assets +€154,165
up €154,165 (+55.8%), from €276,506 to €430,671
of which Furniture and vehicles: +€79,092
- Cash +€59,928
up €59,928 (+160%), from €37,545 to €97,473
mainly Other debts (+€150,915) and Debts after one year (+€120,000)
- Current investments -€14,550
down €14,550 (-100%), from €14,550 to €0
- Other debts +€150,915
up €150,915 (+487%), from €30,959 to €181,874
- Debts after one year +€120,000
up €120,000 (+30.4%), from €395,000 to €515,000
- Profit (loss) carried forward -€55,982
down €55,982 (-18.5%), from -€302,295 to -€358,276
- Trade debts -€9,205
down €9,205 (-4.2%), from €217,165 to €207,960
- Depreciation +€25,862
up €25,862 (+81.7%), from €31,638 to €57,500
- Staff costs -€14,611
down €14,611 (-15.4%), from €95,024 to €80,413
- Financial charges -€11,149
down €11,149 (-55.4%), from €20,117 to €8,969
of which Financial charges: -€11,149
- Gross operating margin -€8,821
down €8,821 (-6.2%), from €141,247 to €132,426
- Other operating charges +€2,778
up €2,778 (+7.2%), from €38,722 to €41,499
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 | €535,545 | €740,588 | +€205,043 | +38.3% |
| Fixed assets | 21/28 | €276,949 | €431,115 | +€154,165 | +55.7% |
| Tangible fixed assets | 22/27 | €276,506 | €430,671 | +€154,165 | +55.8% |
| Land and buildings | 22 | €243,406 | €318,706 | +€75,300 | +30.9% |
| Plant, machinery and equipment | 23 | €19,766 | €19,539 | -€227 | -1.1% |
| Furniture and vehicles | 24 | €13,333 | €92,426 | +€79,092 | +593% |
| Financial fixed assets | 28 | €444 | €444 | = | 0.0% |
| Current assets | 29/58 | €258,596 | €309,474 | +€50,878 | +19.7% |
| Stocks and contracts in progress | 3 | €16,027 | €16,027 | = | 0.0% |
| Stocks | 30/36 | €16,027 | €16,027 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €178,617 | €184,732 | +€6,116 | +3.4% |
| Trade receivables | 40 | €167,344 | €163,556 | -€3,787 | -2.3% |
| Other amounts receivable | 41 | €11,273 | €21,176 | +€9,903 | +87.8% |
| Current investments | 50/53 | €14,550 | €0 | -€14,550 | -100% |
| Cash at bank and in hand | 54/58 | €37,545 | €97,473 | +€59,928 | +160% |
| Deferred charges and accrued income | 490/1 | €11,856 | €11,241 | -€615 | -5.2% |
| Total equity and liabilities | 10/49 | €535,545 | €740,588 | +€205,043 | +38.3% |
| Equity | 10/15 | -€131,992 | -€187,973 | -€55,982 | -42.4% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €71,145 | €71,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,381 | €43,381 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,550 | €23,550 | = | 0.0% |
| Distributable reserves | 133 | €27,764 | €27,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€302,295 | -€358,276 | -€55,982 | -18.5% |
| Amounts payable | 17/49 | €667,537 | €928,562 | +€261,025 | +39.1% |
| Amounts payable after more than one year | 17 | €395,000 | €515,000 | +€120,000 | +30.4% |
| Financial debts | 170/4 | €395,000 | €515,000 | +€120,000 | +30.4% |
| Amounts payable within one year | 42/48 | €272,478 | €413,562 | +€141,083 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €7,342 | €8,717 | +€1,375 | +18.7% |
| Credit institutions | 430/8 | €7,342 | €0 | -€7,342 | -100% |
| Other loans | 439 | - | €8,717 | +€8,717 | |
| Trade debts | 44 | €217,165 | €207,960 | -€9,205 | -4.2% |
| Suppliers | 440/4 | €217,165 | €207,960 | -€9,205 | -4.2% |
| Taxes, remuneration and social security | 45 | €17,013 | €15,011 | -€2,002 | -11.8% |
| Taxes | 450/3 | €2,298 | €0 | -€2,298 | -100% |
| Remuneration and social security | 454/9 | €14,715 | €15,011 | +€296 | +2.0% |
| Other amounts payable | 47/48 | €30,959 | €181,874 | +€150,915 | +487% |
| Accrued charges and deferred income | 492/3 | €59 | €0 | -€59 | -100% |
| Remuneration, social security and pensions | 62 | €95,024 | €80,413 | -€14,611 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,638 | €57,500 | +€25,862 | +81.7% |
| Other operating charges | 640/8 | €38,722 | €41,499 | +€2,778 | +7.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €141,247 | €132,426 | -€8,821 | -6.2% |
| Operating profit (loss) | 9901 | -€24,137 | -€46,987 | -€22,850 | -94.7% |
| Financial income | 75/76B | €314 | €204 | -€110 | -34.9% |
| Recurring financial income | 75 | €314 | €204 | -€110 | -34.9% |
| Financial charges | 65/66B | €20,117 | €8,969 | -€11,149 | -55.4% |
| Recurring financial charges | 65 | €20,117 | €8,969 | -€11,149 | -55.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€43,940 | -€55,751 | -€11,811 | -26.9% |
| Income taxes | 67/77 | €559 | €231 | -€328 | -58.7% |
| Profit (loss) for the period | 9904 | -€44,499 | -€55,982 | -€11,483 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,499 | -€55,982 | -€11,483 | -25.8% |
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 26 October 2026 via checked.be.