I.C. C. MANAGEMENT: 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.
I.C. C. MANAGEMENT
Largest movements
- Stocks and contracts -€49,000
down €49,000 (-90.7%), from €54,033 to €5,033
- Financial fixed assets +€41,500
up €41,500 (+9.4%), from €441,070 to €482,570
- Tangible fixed assets -€18,413
down €18,413 (-13.2%), from €139,142 to €120,729
of which Land and buildings: -€11,017
- Trade debts -€58,355
down €58,355 (-70.2%), from €83,076 to €24,721
- Profit (loss) carried forward +€39,857
up €39,857 (+24.5%), from €162,619 to €202,475
- Gross operating margin +€35,416
up €35,416 (+76.6%), from €46,218 to €81,634
- Taxes +€9,342
up €9,342 (+476%), from €1,962 to €11,303
- Financial charges -€7,724
down €7,724 (-18.4%), from €42,025 to €34,302
- Financial income +€3,333
up €3,333 (+22.1%), from €15,117 to €18,450
- Depreciation -€2,751
down €2,751 (-19.1%), from €14,429 to €11,678
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 | €1,008,897 | €993,477 | -€15,420 | -1.5% |
| Fixed assets | 21/28 | €580,212 | €603,299 | +€23,087 | +4.0% |
| Tangible fixed assets | 22/27 | €139,142 | €120,729 | -€18,413 | -13.2% |
| Land and buildings | 22 | €130,022 | €119,005 | -€11,017 | -8.5% |
| Plant, machinery and equipment | 23 | €7,475 | €1,558 | -€5,917 | -79.2% |
| Furniture and vehicles | 24 | €1,645 | €166 | -€1,478 | -89.9% |
| Financial fixed assets | 28 | €441,070 | €482,570 | +€41,500 | +9.4% |
| Current assets | 29/58 | €428,685 | €390,178 | -€38,507 | -9.0% |
| Stocks and contracts in progress | 3 | €54,033 | €5,033 | -€49,000 | -90.7% |
| Stocks | 30/36 | €54,033 | €5,033 | -€49,000 | -90.7% |
| Amounts receivable within one year | 40/41 | €372,834 | €380,655 | +€7,821 | +2.1% |
| Trade receivables | 40 | €873 | €41,882 | +€41,009 | +4,695% |
| Other amounts receivable | 41 | €371,961 | €338,773 | -€33,188 | -8.9% |
| Cash at bank and in hand | 54/58 | €425 | €109 | -€316 | -74.3% |
| Deferred charges and accrued income | 490/1 | €1,392 | €4,380 | +€2,988 | +215% |
| Total equity and liabilities | 10/49 | €1,008,897 | €993,477 | -€15,420 | -1.5% |
| Equity | 10/15 | €250,819 | €290,675 | +€39,857 | +15.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €26,200 | €26,200 | = | 0.0% |
| Distributable reserves | 133 | €26,200 | €26,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,619 | €202,475 | +€39,857 | +24.5% |
| Amounts payable | 17/49 | €758,078 | €702,802 | -€55,277 | -7.3% |
| Amounts payable within one year | 42/48 | €758,078 | €702,802 | -€55,277 | -7.3% |
| Financial debts | 43 | €655,528 | €657,303 | +€1,774 | +0.3% |
| Credit institutions | 430/8 | €655,528 | €657,303 | +€1,774 | +0.3% |
| Trade debts | 44 | €83,076 | €24,721 | -€58,355 | -70.2% |
| Suppliers | 440/4 | €83,076 | €24,721 | -€58,355 | -70.2% |
| Taxes, remuneration and social security | 45 | €15,689 | €17,767 | +€2,078 | +13.2% |
| Taxes | 450/3 | €15,689 | €17,767 | +€2,078 | +13.2% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €3,784 | €3,011 | -€774 | -20.4% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €13,760 | +€13,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,429 | €11,678 | -€2,751 | -19.1% |
| Other operating charges | 640/8 | €2,766 | €2,944 | +€178 | +6.4% |
| Gross operating margin | 9900 | €46,218 | €81,634 | +€35,416 | +76.6% |
| Operating profit (loss) | 9901 | €29,023 | €67,011 | +€37,989 | +131% |
| Financial income | 75/76B | €15,117 | €18,450 | +€3,333 | +22.1% |
| Recurring financial income | 75 | €15,117 | €18,450 | +€3,333 | +22.1% |
| Financial charges | 65/66B | €42,025 | €34,302 | -€7,724 | -18.4% |
| Recurring financial charges | 65 | €42,025 | €34,302 | -€7,724 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €2,114 | €51,160 | +€49,046 | +2,320% |
| Income taxes | 67/77 | €1,962 | €11,303 | +€9,342 | +476% |
| Profit (loss) for the period | 9904 | €153 | €39,857 | +€39,704 | +25,974% |
| Profit (loss) for the period to be appropriated | 9905 | €153 | €39,857 | +€39,704 | +25,974% |
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 18 October 2026 via checked.be.