I.C.L.: 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.L.
Largest movements
- Tangible fixed assets -€113,906
down €113,906 (-4.4%), from €2.6m to €2.5m
of which Land and buildings: -€113,685
- Cash +€38,209
up €38,209 (+53.2%), from €71,866 to €110,075
mainly Depreciation (+€140,223) and Other debts (+€8,736)
- Revaluation surpluses -€75,843
down €75,843 (-5.3%), from €1.4m to €1.4m
- Reserves +€75,843
up €75,843 (+100%), from €75,843 to €151,686
- Debts after one year -€42,208
down €42,208 (-9.6%), from €437,842 to €395,634
- Profit (loss) carried forward -€41,964
down €41,964 (-24.9%), from -€168,476 to -€210,439
- Other operating charges -€10,001
down €10,001 (-38.5%), from €25,966 to €15,965
- Gross operating margin -€5,433
down €5,433 (-3.8%), from €141,305 to €135,872
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 | €2,641,525 | €2,565,828 | -€75,697 | -2.9% |
| Fixed assets | 21/28 | €2,569,624 | €2,455,718 | -€113,906 | -4.4% |
| Tangible fixed assets | 22/27 | €2,569,624 | €2,455,718 | -€113,906 | -4.4% |
| Land and buildings | 22 | €2,568,429 | €2,454,744 | -€113,685 | -4.4% |
| Furniture and vehicles | 24 | €1,195 | €975 | -€221 | -18.5% |
| Current assets | 29/58 | €71,901 | €110,110 | +€38,209 | +53.1% |
| Amounts receivable within one year | 40/41 | €35 | €35 | = | 0.0% |
| Other amounts receivable | 41 | €35 | €35 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,866 | €110,075 | +€38,209 | +53.2% |
| Total equity and liabilities | 10/49 | €2,641,525 | €2,565,828 | -€75,697 | -2.9% |
| Equity | 10/15 | €1,801,384 | €1,759,420 | -€41,964 | -2.3% |
| Contributions | 10/11 | €453,000 | €453,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,441,016 | €1,365,173 | -€75,843 | -5.3% |
| Reserves | 13 | €75,843 | €151,686 | +€75,843 | +100% |
| Distributable reserves | 133 | €75,843 | €151,686 | +€75,843 | +100% |
| Profit (loss) carried forward | 14 | -€168,476 | -€210,439 | -€41,964 | -24.9% |
| Amounts payable | 17/49 | €840,142 | €806,408 | -€33,733 | -4.0% |
| Amounts payable after more than one year | 17 | €437,842 | €395,634 | -€42,208 | -9.6% |
| Financial debts | 170/4 | €437,842 | €395,634 | -€42,208 | -9.6% |
| Amounts payable within one year | 42/48 | €386,035 | €395,243 | +€9,208 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €41,622 | €42,208 | +€586 | +1.4% |
| Trade debts | 44 | €24,200 | €24,200 | = | 0.0% |
| Suppliers | 440/4 | €24,200 | €24,200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,687 | €20,572 | -€115 | -0.6% |
| Taxes | 450/3 | €20,687 | €20,572 | -€115 | -0.6% |
| Other amounts payable | 47/48 | €299,526 | €308,263 | +€8,736 | +2.9% |
| Accrued charges and deferred income | 492/3 | €16,264 | €15,531 | -€733 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,736 | €140,223 | +€487 | +0.3% |
| Other operating charges | 640/8 | €25,966 | €15,965 | -€10,001 | -38.5% |
| Gross operating margin | 9900 | €141,305 | €135,872 | -€5,433 | -3.8% |
| Operating profit (loss) | 9901 | -€24,396 | -€20,316 | +€4,081 | +16.7% |
| Financial charges | 65/66B | €22,896 | €21,648 | -€1,248 | -5.4% |
| Recurring financial charges | 65 | €22,896 | €21,648 | -€1,248 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€47,292 | -€41,964 | +€5,328 | +11.3% |
| Profit (loss) for the period | 9904 | -€47,292 | -€41,964 | +€5,328 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,292 | -€41,964 | +€5,328 | +11.3% |
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 26 October 2026 via checked.be.