I.C.T.: 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.T.
Largest movements
- Stocks and contracts +€215,605
new in 2025: €215,605
- Cash -€159,563
down €159,563 (-26.0%), from €613,347 to €453,785
mainly Stocks and contracts (-€215,605) and Receivables within one year (-€38,414)
- Receivables within one year +€38,414
up €38,414 (+348%), from €11,032 to €49,446
of which Trade receivables: +€41,609
- Tangible fixed assets -€30,953
down €30,953 (-43.6%), from €70,947 to €39,994
of which Furniture and vehicles: -€28,443
- Reserves +€43,796
up €43,796 (+6.8%), from €644,853 to €688,649
of which Distributable reserves: +€43,796
- Trade debts +€16,049
up €16,049 (+338%), from €4,753 to €20,802
- Gross operating margin +€29,041
up €29,041 (+36.5%), from €79,532 to €108,573
- Financial income -€11,916
down €11,916 (-80.7%), from €14,770 to €2,854
- Taxes +€6,774
up €6,774 (+37.1%), from €18,234 to €25,008
- Financial charges -€2,152
down €2,152 (-17.5%), from €12,301 to €10,149
- Depreciation +€1,254
up €1,254 (+4.2%), from €29,699 to €30,953
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 | €695,327 | €758,830 | +€63,503 | +9.1% |
| Fixed assets | 21/28 | €70,947 | €39,994 | -€30,953 | -43.6% |
| Tangible fixed assets | 22/27 | €70,947 | €39,994 | -€30,953 | -43.6% |
| Plant, machinery and equipment | 23 | €4,587 | €2,077 | -€2,510 | -54.7% |
| Furniture and vehicles | 24 | €66,360 | €37,917 | -€28,443 | -42.9% |
| Current assets | 29/58 | €624,380 | €718,836 | +€94,456 | +15.1% |
| Stocks and contracts in progress | 3 | - | €215,605 | +€215,605 | |
| Stocks | 30/36 | - | €215,605 | +€215,605 | |
| Amounts receivable within one year | 40/41 | €11,032 | €49,446 | +€38,414 | +348% |
| Trade receivables | 40 | €6,457 | €48,066 | +€41,609 | +644% |
| Other amounts receivable | 41 | €4,575 | €1,380 | -€3,195 | -69.8% |
| Cash at bank and in hand | 54/58 | €613,347 | €453,785 | -€159,563 | -26.0% |
| Total equity and liabilities | 10/49 | €695,327 | €758,830 | +€63,503 | +9.1% |
| Equity | 10/15 | €675,839 | €719,636 | +€43,796 | +6.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €644,853 | €688,649 | +€43,796 | +6.8% |
| Non-distributable reserves | 130/1 | €4,408 | €4,408 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,408 | €4,408 | = | 0.0% |
| Distributable reserves | 133 | €640,445 | €684,241 | +€43,796 | +6.8% |
| Amounts payable | 17/49 | €19,487 | €39,194 | +€19,706 | +101% |
| Amounts payable within one year | 42/48 | €19,487 | €39,194 | +€19,706 | +101% |
| Trade debts | 44 | €4,753 | €20,802 | +€16,049 | +338% |
| Suppliers | 440/4 | €4,753 | €20,802 | +€16,049 | +338% |
| Taxes, remuneration and social security | 45 | €250 | €5,264 | +€5,014 | +2,007% |
| Taxes | 450/3 | €250 | €5,264 | +€5,014 | +2,007% |
| Other amounts payable | 47/48 | €14,484 | €13,128 | -€1,356 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,699 | €30,953 | +€1,254 | +4.2% |
| Other operating charges | 640/8 | €792 | €662 | -€130 | -16.4% |
| Non-recurring operating charges | 66A | €1,486 | - | -€1,486 | |
| Gross operating margin | 9900 | €79,532 | €108,573 | +€29,041 | +36.5% |
| Operating profit (loss) | 9901 | €47,556 | €76,958 | +€29,403 | +61.8% |
| Financial income | 75/76B | €14,770 | €2,854 | -€11,916 | -80.7% |
| Recurring financial income | 75 | €14,770 | €2,854 | -€11,916 | -80.7% |
| Financial charges | 65/66B | €12,301 | €10,149 | -€2,152 | -17.5% |
| Recurring financial charges | 65 | €12,301 | €10,149 | -€2,152 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €50,025 | €69,664 | +€19,639 | +39.3% |
| Income taxes | 67/77 | €18,234 | €25,008 | +€6,774 | +37.1% |
| Profit (loss) for the period | 9904 | €31,790 | €44,655 | +€12,865 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,790 | €44,655 | +€12,865 | +40.5% |
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 20 October 2026 via checked.be.