I.C.K.: 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.K.
Largest movements
- Tangible fixed assets +€26,346
up €26,346 (+15.1%), from €174,737 to €201,083
of which Land and buildings: +€35,996
- Receivables within one year +€6,000
up €6,000 (+20.0%), from €30,000 to €36,000
- Trade debts +€39,048
up €39,048 (+1,942%), from €2,011 to €41,059
- Profit (loss) carried forward -€9,029
down €9,029 (-6.3%), from €144,345 to €135,316
- Accrued charges and deferred income +€2,575
new in 2025: €2,575
- Gross operating margin -€5,826
down €5,826 (-30.9%), from €18,853 to €13,027
- Financial charges +€2,003
up €2,003 (+63.7%), from €3,144 to €5,147
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 | €206,477 | €240,258 | +€33,781 | +16.4% |
| Fixed assets | 21/28 | €174,737 | €201,083 | +€26,346 | +15.1% |
| Tangible fixed assets | 22/27 | €174,737 | €201,083 | +€26,346 | +15.1% |
| Land and buildings | 22 | €78,723 | €114,719 | +€35,996 | +45.7% |
| Plant, machinery and equipment | 23 | €48,514 | €38,864 | -€9,650 | -19.9% |
| Furniture and vehicles | 24 | €47,500 | €47,500 | = | 0.0% |
| Current assets | 29/58 | €31,740 | €39,175 | +€7,435 | +23.4% |
| Amounts receivable within one year | 40/41 | €30,000 | €36,000 | +€6,000 | +20.0% |
| Trade receivables | 40 | €30,000 | €36,000 | +€6,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €529 | €497 | -€32 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,211 | €2,678 | +€1,467 | +121% |
| Total equity and liabilities | 10/49 | €206,477 | €240,258 | +€33,781 | +16.4% |
| Equity | 10/15 | €172,131 | €163,102 | -€9,029 | -5.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €9,194 | €9,194 | = | 0.0% |
| Tax-exempt reserves | 132 | €372 | €372 | = | 0.0% |
| Distributable reserves | 133 | €8,823 | €8,823 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,345 | €135,316 | -€9,029 | -6.3% |
| Amounts payable | 17/49 | €34,346 | €77,156 | +€42,810 | +125% |
| Amounts payable within one year | 42/48 | €34,346 | €74,581 | +€40,235 | +117% |
| Current portion of amounts payable after more than one year | 42 | €17,000 | €17,000 | = | 0.0% |
| Financial debts | 43 | €14,344 | €15,531 | +€1,187 | +8.3% |
| Credit institutions | 430/8 | €14,344 | €15,531 | +€1,187 | +8.3% |
| Trade debts | 44 | €2,011 | €41,059 | +€39,048 | +1,942% |
| Suppliers | 440/4 | €2,011 | €41,059 | +€39,048 | +1,942% |
| Other amounts payable | 47/48 | €991 | €991 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,575 | +€2,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,344 | €12,259 | -€84 | -0.7% |
| Other operating charges | 640/8 | €4,520 | €4,649 | +€130 | +2.9% |
| Gross operating margin | 9900 | €18,853 | €13,027 | -€5,826 | -30.9% |
| Operating profit (loss) | 9901 | €1,990 | -€3,882 | -€5,872 | |
| Financial charges | 65/66B | €3,144 | €5,147 | +€2,003 | +63.7% |
| Recurring financial charges | 65 | €3,144 | €5,147 | +€2,003 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,154 | -€9,029 | -€7,875 | -682% |
| Profit (loss) for the period | 9904 | -€1,154 | -€9,029 | -€7,875 | -682% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,154 | -€9,029 | -€7,875 | -682% |
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 16 October 2026 via checked.be.