I.C.S.L.: what changed
What changed
I.C.S.L.
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€322,001
2024 · €248,604+€73,397
Equity
€4.9m
2024 · €4.6m+€322,001
Cash
€516,064
2024 · €1.1m-€563,619
Balance sheet total
€5.0m
2024 · €4.7m+€338,854
Largest movements
Assets
- Current investments +€946,655
up €946,655 (+171%), from €552,762 to €1.5m
- Cash -€563,619
down €563,619 (-52.2%), from €1.1m to €516,064
mainly Current investments (-€946,655) and Receivables within one year (-€20,288)
- Tangible fixed assets -€66,123
down €66,123 (-4.3%), from €1.5m to €1.5m
of which Land and buildings: -€59,794
Equity and liabilities
- Reserves +€322,001
up €322,001 (+11.0%), from €2.9m to €3.3m
Income statement
- Financial income +€70,843
up €70,843 (+146%), from €48,631 to €119,474
of which Non-recurring financial income: +€53,275
- Gross operating margin +€33,548
up €33,548 (+8.1%), from €415,630 to €449,178
- Taxes +€25,941
up €25,941 (+23.7%), from €109,478 to €135,419
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€248,604
Gross operating margin
+€33,548
Depreciation
-€820
Other operating charges
-€2,743
Financial income
+€70,843
Financial charges
-€1,490
Taxes
-€25,941
Result 2025
€322,001
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€382,352
Investment
-€959,654
Financing
+€13,684
Cash 2024
€1.1m
From operations (derived)
+€382,352
Net result for the year
+€322,001
Depreciation
+€79,122
Receivables within one year
-€20,288
Smaller working-capital items
-€3,801
Trade debts
-€8,025
Tax, wage and social debts
+€13,344
Investment (derived)
-€959,654
Investment in fixed assets (net)
-€12,999
Current investments
-€946,655
Financing
+€13,684
Debts after one year
+€13,684
Cash 2025
€516,064
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,706,809 | €5,045,663 | +€338,854 | +7.2% |
| Fixed assets | 21/28 | €3,023,945 | €2,957,822 | -€66,123 | -2.2% |
| Tangible fixed assets | 22/27 | €1,523,908 | €1,457,785 | -€66,123 | -4.3% |
| Land and buildings | 22 | €1,453,465 | €1,393,672 | -€59,794 | -4.1% |
| Plant, machinery and equipment | 23 | €70,442 | €64,114 | -€6,329 | -9.0% |
| Financial fixed assets | 28 | €1,500,037 | €1,500,037 | = | 0.0% |
| Current assets | 29/58 | €1,682,864 | €2,087,841 | +€404,977 | +24.1% |
| Amounts receivable within one year | 40/41 | €45,210 | €65,498 | +€20,288 | +44.9% |
| Trade receivables | 40 | - | €31,591 | +€31,591 | |
| Other amounts receivable | 41 | €45,210 | €33,907 | -€11,303 | -25.0% |
| Current investments | 50/53 | €552,762 | €1,499,417 | +€946,655 | +171% |
| Cash at bank and in hand | 54/58 | €1,079,682 | €516,064 | -€563,619 | -52.2% |
| Deferred charges and accrued income | 490/1 | €5,211 | €6,862 | +€1,651 | +31.7% |
| Total equity and liabilities | 10/49 | €4,706,809 | €5,045,663 | +€338,854 | +7.2% |
| Equity | 10/15 | €4,556,355 | €4,878,356 | +€322,001 | +7.1% |
| Contributions | 10/11 | €1,624,000 | €1,624,000 | = | 0.0% |
| Reserves | 13 | €2,932,355 | €3,254,356 | +€322,001 | +11.0% |
| Distributable reserves | 133 | €2,932,355 | €3,254,356 | +€322,001 | +11.0% |
| Amounts payable | 17/49 | €150,454 | €167,307 | +€16,853 | +11.2% |
| Amounts payable after more than one year | 17 | €66,537 | €80,221 | +€13,684 | +20.6% |
| Other amounts payable | 178/9 | €66,537 | €80,221 | +€13,684 | +20.6% |
| Amounts payable within one year | 42/48 | €74,989 | €80,057 | +€5,067 | +6.8% |
| Trade debts | 44 | €37,836 | €29,810 | -€8,025 | -21.2% |
| Suppliers | 440/4 | €37,836 | €29,810 | -€8,025 | -21.2% |
| Advances received on contracts in progress | 46 | €251 | €0 | -€251 | -100% |
| Taxes, remuneration and social security | 45 | €30,798 | €44,141 | +€13,344 | +43.3% |
| Taxes | 450/3 | €26,401 | €44,141 | +€17,741 | +67.2% |
| Remuneration and social security | 454/9 | €4,397 | €0 | -€4,397 | -100% |
| Other amounts payable | 47/48 | €6,105 | €6,105 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,928 | €7,030 | -€1,898 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,302 | €79,122 | +€820 | +1.0% |
| Other operating charges | 640/8 | €22,118 | €24,862 | +€2,743 | +12.4% |
| Gross operating margin | 9900 | €415,630 | €449,178 | +€33,548 | +8.1% |
| Operating profit (loss) | 9901 | €315,209 | €345,195 | +€29,985 | +9.5% |
| Financial income | 75/76B | €48,631 | €119,474 | +€70,843 | +146% |
| Recurring financial income | 75 | €48,631 | €66,199 | +€17,568 | +36.1% |
| Non-recurring financial income | 76B | - | €53,275 | +€53,275 | |
| Financial charges | 65/66B | €5,758 | €7,248 | +€1,490 | +25.9% |
| Recurring financial charges | 65 | €5,758 | €7,248 | +€1,490 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €358,082 | €457,421 | +€99,339 | +27.7% |
| Income taxes | 67/77 | €109,478 | €135,419 | +€25,941 | +23.7% |
| Profit (loss) for the period | 9904 | €248,604 | €322,001 | +€73,397 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €248,604 | €322,001 | +€73,397 | +29.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.