I.C.I.: 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.I.
Largest movements
- Receivables within one year -€11,042
down €11,042 (-7.5%), from €147,067 to €136,025
of which Other amounts receivable: -€19,192
- Deferred charges and accrued income +€1,979
up €1,979 (+515%), from €384 to €2,363
- Reserves -€14,064
down €14,064 (-17.4%), from €80,949 to €66,886
of which Distributable reserves: -€14,064
- Trade debts +€14,012
up €14,012 (+109%), from €12,868 to €26,879
- Tax, wage and social debts -€8,398
down €8,398 (-99.8%), from €8,415 to €17
- Gross operating margin -€3,171
down €3,171 (-42.9%), from -€7,389 to -€10,559
- Financial charges +€1,243
up €1,243 (+24.7%), from €5,040 to €6,283
- Financial income -€976
down €976 (-17.3%), from €5,659 to €4,682
- Taxes -€400
down €400 (-93.0%), from €430 to €30
- Other operating charges -€267
down €267 (-16.7%), from €1,596 to €1,329
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,768 | €139,160 | -€9,608 | -6.5% |
| Fixed assets | 21/28 | €1,317 | €772 | -€545 | -41.4% |
| Tangible fixed assets | 22/27 | €1,317 | €772 | -€545 | -41.4% |
| Furniture and vehicles | 24 | €1,317 | €772 | -€545 | -41.4% |
| Current assets | 29/58 | €147,451 | €138,388 | -€9,063 | -6.1% |
| Amounts receivable within one year | 40/41 | €147,067 | €136,025 | -€11,042 | -7.5% |
| Trade receivables | 40 | €58,604 | €66,754 | +€8,150 | +13.9% |
| Other amounts receivable | 41 | €88,463 | €69,271 | -€19,192 | -21.7% |
| Deferred charges and accrued income | 490/1 | €384 | €2,363 | +€1,979 | +515% |
| Total equity and liabilities | 10/49 | €148,768 | €139,160 | -€9,608 | -6.5% |
| Equity | 10/15 | €93,449 | €79,386 | -€14,064 | -15.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €80,949 | €66,886 | -€14,064 | -17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €79,089 | €65,026 | -€14,064 | -17.8% |
| Amounts payable | 17/49 | €55,319 | €59,775 | +€4,456 | +8.1% |
| Amounts payable within one year | 42/48 | €55,319 | €59,775 | +€4,456 | +8.1% |
| Financial debts | 43 | €20,036 | €18,878 | -€1,158 | -5.8% |
| Credit institutions | 430/8 | €20,036 | €18,878 | -€1,158 | -5.8% |
| Trade debts | 44 | €12,868 | €26,879 | +€14,012 | +109% |
| Suppliers | 440/4 | €12,868 | €26,879 | +€14,012 | +109% |
| Taxes, remuneration and social security | 45 | €8,415 | €17 | -€8,398 | -99.8% |
| Taxes | 450/3 | €8,415 | €17 | -€8,398 | -99.8% |
| Other amounts payable | 47/48 | €14,000 | €14,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317 | €545 | +€228 | +71.9% |
| Other operating charges | 640/8 | €1,596 | €1,329 | -€267 | -16.7% |
| Gross operating margin | 9900 | -€7,389 | -€10,559 | -€3,171 | -42.9% |
| Operating profit (loss) | 9901 | -€9,302 | -€12,433 | -€3,131 | -33.7% |
| Financial income | 75/76B | €5,659 | €4,682 | -€976 | -17.3% |
| Recurring financial income | 75 | €5,659 | €4,682 | -€976 | -17.3% |
| Financial charges | 65/66B | €5,040 | €6,283 | +€1,243 | +24.7% |
| Recurring financial charges | 65 | €5,040 | €6,283 | +€1,243 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,684 | -€14,033 | -€5,350 | -61.6% |
| Income taxes | 67/77 | €430 | €30 | -€400 | -93.0% |
| Profit (loss) for the period | 9904 | -€9,113 | -€14,064 | -€4,950 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,113 | -€14,064 | -€4,950 | -54.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.