I.C. GROUP: 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. GROUP
Largest movements
- Cash -€270,885
down €270,885 (-23.2%), from €1.2m to €895,353
mainly Contributions, distributions and other (-€203,917) and Tax, wage and social debts (-€138,046)
- Receivables within one year -€153,108
down €153,108 (-11.5%), from €1.3m to €1.2m
of which Other amounts receivable: -€154,320
- Receivables after one year +€110,000
up €110,000 (+29.7%), from €370,000 to €480,000
- Reserves -€203,917
down €203,917 (-6.1%), from €3.3m to €3.1m
- Tax, wage and social debts -€138,046
down €138,046 (-96.6%), from €142,866 to €4,820
of which Taxes: -€132,046
- Gross operating margin +€14,119
up €14,119 (+32.5%), from -€43,472 to -€29,353
- Depreciation -€6,431
down €6,431 (-18.0%), from €35,755 to €29,324
- Financial income +€1,719
up €1,719 (+3.2%), from €53,422 to €55,142
- Other operating charges -€950
down €950 (-60.2%), from €1,577 to €628
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 | €8,647,349 | €8,304,032 | -€343,317 | -4.0% |
| Fixed assets | 21/28 | €5,782,450 | €5,753,126 | -€29,324 | -0.5% |
| Tangible fixed assets | 22/27 | €118,988 | €89,664 | -€29,324 | -24.6% |
| Furniture and vehicles | 24 | €118,988 | €89,664 | -€29,324 | -24.6% |
| Financial fixed assets | 28 | €5,663,462 | €5,663,462 | = | 0.0% |
| Current assets | 29/58 | €2,864,899 | €2,550,906 | -€313,993 | -11.0% |
| Amounts receivable after more than one year | 29 | €370,000 | €480,000 | +€110,000 | +29.7% |
| Other amounts receivable | 291 | €370,000 | €480,000 | +€110,000 | +29.7% |
| Amounts receivable within one year | 40/41 | €1,328,661 | €1,175,553 | -€153,108 | -11.5% |
| Trade receivables | 40 | €10,394 | €11,605 | +€1,211 | +11.7% |
| Other amounts receivable | 41 | €1,318,267 | €1,163,948 | -€154,320 | -11.7% |
| Cash at bank and in hand | 54/58 | €1,166,238 | €895,353 | -€270,885 | -23.2% |
| Total equity and liabilities | 10/49 | €8,647,349 | €8,304,032 | -€343,317 | -4.0% |
| Equity | 10/15 | €8,503,865 | €8,294,810 | -€209,055 | -2.5% |
| Contributions | 10/11 | €5,205,694 | €5,205,694 | = | 0.0% |
| Reserves | 13 | €3,326,240 | €3,122,322 | -€203,917 | -6.1% |
| Distributable reserves | 133 | €3,326,240 | €3,122,322 | -€203,917 | -6.1% |
| Profit (loss) carried forward | 14 | -€28,069 | -€33,206 | -€5,138 | -18.3% |
| Amounts payable | 17/49 | €143,485 | €9,223 | -€134,262 | -93.6% |
| Amounts payable within one year | 42/48 | €143,485 | €9,223 | -€134,262 | -93.6% |
| Trade debts | 44 | €619 | €85 | -€533 | -86.2% |
| Suppliers | 440/4 | €619 | €85 | -€533 | -86.2% |
| Taxes, remuneration and social security | 45 | €142,866 | €4,820 | -€138,046 | -96.6% |
| Taxes | 450/3 | €136,866 | €4,820 | -€132,046 | -96.5% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | - | €4,317 | +€4,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,755 | €29,324 | -€6,431 | -18.0% |
| Other operating charges | 640/8 | €1,577 | €628 | -€950 | -60.2% |
| Gross operating margin | 9900 | -€43,472 | -€29,353 | +€14,119 | +32.5% |
| Operating profit (loss) | 9901 | -€80,804 | -€59,304 | +€21,500 | +26.6% |
| Financial income | 75/76B | €53,422 | €55,142 | +€1,719 | +3.2% |
| Recurring financial income | 75 | €53,422 | €55,142 | +€1,719 | +3.2% |
| Financial charges | 65/66B | €148 | €137 | -€11 | -7.6% |
| Recurring financial charges | 65 | €148 | €137 | -€11 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,530 | -€4,300 | +€23,231 | +84.4% |
| Income taxes | 67/77 | €539 | €838 | +€299 | +55.6% |
| Profit (loss) for the period | 9904 | -€28,069 | -€5,138 | +€22,931 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,069 | -€5,138 | +€22,931 | +81.7% |
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 17 October 2026 via checked.be.