I.C.N.C.: 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.N.C.
Largest movements
- Receivables within one year +€18,706
up €18,706 (+18.3%), from €102,097 to €120,803
of which Other amounts receivable: +€73,795
- Cash -€18,398
down €18,398 (-28.8%), from €63,966 to €45,569
mainly Debts after one year (-€56,753) and Receivables within one year (-€18,706)
- Profit (loss) carried forward +€65,504
up €65,504 (+29.9%), from €219,438 to €284,942
- Debts after one year -€56,753
down €56,753 (-23.0%), from €247,249 to €190,496
- Tax, wage and social debts -€11,726
down €11,726 (-42.8%), from €27,369 to €15,643
- Gross operating margin -€83,423
down €83,423 (-45.8%), from €182,289 to €98,866
- Taxes -€21,394
down €21,394 (-49.0%), from €43,671 to €22,277
- Financial charges -€3,385
down €3,385 (-20.1%), from €16,865 to €13,480
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 | €569,213 | €567,410 | -€1,803 | -0.3% |
| Fixed assets | 21/28 | €402,101 | €401,038 | -€1,062 | -0.3% |
| Tangible fixed assets | 22/27 | €1,601 | €538 | -€1,062 | -66.4% |
| Furniture and vehicles | 24 | €1,601 | €538 | -€1,062 | -66.4% |
| Financial fixed assets | 28 | €400,500 | €400,500 | = | 0.0% |
| Current assets | 29/58 | €167,112 | €166,372 | -€740 | -0.4% |
| Amounts receivable within one year | 40/41 | €102,097 | €120,803 | +€18,706 | +18.3% |
| Trade receivables | 40 | €62,085 | €6,996 | -€55,089 | -88.7% |
| Other amounts receivable | 41 | €40,012 | €113,807 | +€73,795 | +184% |
| Cash at bank and in hand | 54/58 | €63,966 | €45,569 | -€18,398 | -28.8% |
| Deferred charges and accrued income | 490/1 | €1,049 | - | -€1,049 | |
| Total equity and liabilities | 10/49 | €569,213 | €567,410 | -€1,803 | -0.3% |
| Equity | 10/15 | €238,054 | €303,558 | +€65,504 | +27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16 | €16 | = | 0.0% |
| Distributable reserves | 133 | €16 | €16 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,438 | €284,942 | +€65,504 | +29.9% |
| Amounts payable | 17/49 | €331,159 | €263,852 | -€67,307 | -20.3% |
| Amounts payable after more than one year | 17 | €247,249 | €190,496 | -€56,753 | -23.0% |
| Financial debts | 170/4 | €247,249 | €190,496 | -€56,753 | -23.0% |
| Amounts payable within one year | 42/48 | €83,910 | €73,356 | -€10,554 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €54,457 | €56,753 | +€2,296 | +4.2% |
| Trade debts | 44 | €2,084 | €960 | -€1,125 | -54.0% |
| Suppliers | 440/4 | €2,084 | €960 | -€1,125 | -54.0% |
| Taxes, remuneration and social security | 45 | €27,369 | €15,643 | -€11,726 | -42.8% |
| Taxes | 450/3 | €27,369 | €15,643 | -€11,726 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,235 | €1,062 | -€173 | -14.0% |
| Other operating charges | 640/8 | €525 | €501 | -€24 | -4.6% |
| Gross operating margin | 9900 | €182,289 | €98,866 | -€83,423 | -45.8% |
| Operating profit (loss) | 9901 | €180,528 | €97,303 | -€83,226 | -46.1% |
| Financial income | 75/76B | €3,460 | €3,959 | +€498 | +14.4% |
| Recurring financial income | 75 | €3,460 | €3,959 | +€498 | +14.4% |
| Financial charges | 65/66B | €16,865 | €13,480 | -€3,385 | -20.1% |
| Recurring financial charges | 65 | €16,865 | €13,480 | -€3,385 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €167,124 | €87,781 | -€79,343 | -47.5% |
| Income taxes | 67/77 | €43,671 | €22,277 | -€21,394 | -49.0% |
| Profit (loss) for the period | 9904 | €123,453 | €65,504 | -€57,949 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,453 | €65,504 | -€57,949 | -46.9% |
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 30 October 2026 via checked.be.