I.C.E.T.: 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.E.T.
Largest movements
- Tangible fixed assets -€36,686
down €36,686 (-5.3%), from €692,301 to €655,615
of which Land and buildings: -€30,772
- Receivables within one year +€31,526
up €31,526 (+13.0%), from €242,101 to €273,627
of which Other amounts receivable: +€23,730
- Cash +€18,013
up €18,013 (+17.7%), from €101,938 to €119,952
mainly Depreciation (+€36,686) and Net result for the year (+€35,090)
- Profit (loss) carried forward +€35,090
up €35,090 (+7.4%), from €473,867 to €508,958
- Debts after one year -€21,133
down €21,133 (-5.9%), from €358,911 to €337,778
- Gross operating margin -€10,275
down €10,275 (-9.9%), from €103,704 to €93,429
- Taxes +€1,829
up €1,829 (+15.4%), from €11,865 to €13,694
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,046,091 | €1,058,893 | +€12,802 | +1.2% |
| Fixed assets | 21/28 | €701,281 | €664,595 | -€36,686 | -5.2% |
| Tangible fixed assets | 22/27 | €692,301 | €655,615 | -€36,686 | -5.3% |
| Land and buildings | 22 | €660,408 | €629,636 | -€30,772 | -4.7% |
| Furniture and vehicles | 24 | €31,893 | €25,979 | -€5,914 | -18.5% |
| Financial fixed assets | 28 | €8,980 | €8,980 | = | 0.0% |
| Current assets | 29/58 | €344,811 | €394,299 | +€49,488 | +14.4% |
| Amounts receivable within one year | 40/41 | €242,101 | €273,627 | +€31,526 | +13.0% |
| Trade receivables | 40 | €12,146 | €19,942 | +€7,796 | +64.2% |
| Other amounts receivable | 41 | €229,955 | €253,685 | +€23,730 | +10.3% |
| Cash at bank and in hand | 54/58 | €101,938 | €119,952 | +€18,013 | +17.7% |
| Deferred charges and accrued income | 490/1 | €772 | €720 | -€51 | -6.6% |
| Total equity and liabilities | 10/49 | €1,046,091 | €1,058,893 | +€12,802 | +1.2% |
| Equity | 10/15 | €626,941 | €662,032 | +€35,090 | +5.6% |
| Contributions | 10/11 | €151,215 | €151,215 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €473,867 | €508,958 | +€35,090 | +7.4% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €394,150 | €371,862 | -€22,289 | -5.7% |
| Amounts payable after more than one year | 17 | €358,911 | €337,778 | -€21,133 | -5.9% |
| Financial debts | 170/4 | €358,911 | €337,778 | -€21,133 | -5.9% |
| Amounts payable within one year | 42/48 | €35,239 | €34,084 | -€1,155 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €24,558 | €22,375 | -€2,183 | -8.9% |
| Trade debts | 44 | €2,589 | €4,040 | +€1,450 | +56.0% |
| Suppliers | 440/4 | €2,589 | €4,040 | +€1,450 | +56.0% |
| Taxes, remuneration and social security | 45 | €8,092 | €7,669 | -€422 | -5.2% |
| Taxes | 450/3 | €8,092 | €7,669 | -€422 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,741 | €36,686 | +€945 | +2.6% |
| Other operating charges | 640/8 | €97 | €423 | +€326 | +337% |
| Non-recurring operating charges | 66A | €4,716 | - | -€4,716 | |
| Gross operating margin | 9900 | €103,704 | €93,429 | -€10,275 | -9.9% |
| Operating profit (loss) | 9901 | €63,150 | €56,320 | -€6,831 | -10.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,255 | €7,536 | -€719 | -8.7% |
| Recurring financial charges | 65 | €8,255 | €7,536 | -€719 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €54,896 | €48,784 | -€6,112 | -11.1% |
| Income taxes | 67/77 | €11,865 | €13,694 | +€1,829 | +15.4% |
| Profit (loss) for the period | 9904 | €43,031 | €35,090 | -€7,941 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,031 | €35,090 | -€7,941 | -18.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.