I.C.T.S.: 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.
What changed
I.C.T.S.
NACE 64.910, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€73,409
2024 · -€20,426+€93,835
Equity
€198,852
2024 · €125,443+€73,409
Cash
€5,245
2024 · €3,518+€1,727
Balance sheet total
€207,258
2024 · €496,996-€289,738
Largest movements
Assets
- Tangible fixed assets -€291,712
down €291,712 (-59.1%), from €493,475 to €201,763
of which Land and buildings: -€285,071
Equity and liabilities
- Other debts -€362,005
down €362,005 (-98.8%), from €366,516 to €4,511
- Profit (loss) carried forward +€73,409
up €73,409 (+35.8%), from -€205,115 to -€131,706
Income statement
- Gross operating margin +€80,969
up €80,969 (+887%), from €9,123 to €90,092
- Depreciation -€13,053
down €13,053 (-47.9%), from €27,278 to €14,225
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.
Result 2024
-€20,426
Gross operating margin
+€80,969
Depreciation
+€13,053
Other operating charges
-€12
Financial income
-€46
Financial charges
-€141
Taxes
+€12
Result 2025
€73,409
raises the resultlowers the result
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.
From operations
-€275,286
Investment
+€277,487
Financing
-€473
Cash 2024
€3,518
From operations (derived)
-€275,286
Net result for the year
+€73,409
Depreciation
+€14,225
Smaller working-capital items
-€916
Other debts
-€362,005
Investment (derived)
+€277,487
Investment in fixed assets (net)
+€277,487
Financing
-€473
Debts after one year
-€1,920
Short-term financial debts
+€1,447
Cash 2025
€5,245
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €496,996 | €207,258 | -€289,738 | -58.3% |
| Fixed assets | 21/28 | €493,475 | €201,763 | -€291,712 | -59.1% |
| Tangible fixed assets | 22/27 | €493,475 | €201,763 | -€291,712 | -59.1% |
| Land and buildings | 22 | €486,536 | €201,465 | -€285,071 | -58.6% |
| Plant, machinery and equipment | 23 | €1,201 | €298 | -€902 | -75.2% |
| Furniture and vehicles | 24 | €5,739 | €0 | -€5,739 | -100% |
| Current assets | 29/58 | €3,521 | €5,495 | +€1,974 | +56.1% |
| Amounts receivable within one year | 40/41 | €3 | €250 | +€247 | +8,818% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3 | €250 | +€247 | +8,818% |
| Cash at bank and in hand | 54/58 | €3,518 | €5,245 | +€1,727 | +49.1% |
| Total equity and liabilities | 10/49 | €496,996 | €207,258 | -€289,738 | -58.3% |
| Equity | 10/15 | €125,443 | €198,852 | +€73,409 | +58.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €269,057 | €269,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,100 | €8,100 | = | 0.0% |
| Legal reserve | 130 | €8,100 | €8,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,185 | €6,185 | = | 0.0% |
| Distributable reserves | 133 | €254,773 | €254,773 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,115 | -€131,706 | +€73,409 | +35.8% |
| Amounts payable | 17/49 | €371,553 | €8,406 | -€363,147 | -97.7% |
| Amounts payable after more than one year | 17 | €3,660 | €1,740 | -€1,920 | -52.5% |
| Other amounts payable | 178/9 | €3,660 | €1,740 | -€1,920 | -52.5% |
| Amounts payable within one year | 42/48 | €367,893 | €6,666 | -€361,227 | -98.2% |
| Financial debts | 43 | - | €1,447 | +€1,447 | |
| Credit institutions | 430/8 | - | €1,447 | +€1,447 | |
| Trade debts | 44 | €118 | €39 | -€79 | -66.8% |
| Suppliers | 440/4 | €118 | €39 | -€79 | -66.8% |
| Taxes, remuneration and social security | 45 | €1,260 | €669 | -€590 | -46.9% |
| Taxes | 450/3 | €1,260 | €669 | -€590 | -46.9% |
| Other amounts payable | 47/48 | €366,516 | €4,511 | -€362,005 | -98.8% |
| Non-recurring operating income | 76A | - | €92,513 | +€92,513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,278 | €14,225 | -€13,053 | -47.9% |
| Other operating charges | 640/8 | €1,785 | €1,797 | +€12 | +0.7% |
| Gross operating margin | 9900 | €9,123 | €90,092 | +€80,969 | +887% |
| Operating profit (loss) | 9901 | -€19,940 | €74,069 | +€94,009 | |
| Financial income | 75/76B | €51 | €5 | -€46 | -89.7% |
| Recurring financial income | 75 | €51 | €5 | -€46 | -89.7% |
| Financial charges | 65/66B | €140 | €280 | +€141 | +101% |
| Recurring financial charges | 65 | €140 | €280 | +€141 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€20,028 | €73,795 | +€93,823 | |
| Income taxes | 67/77 | €397 | €386 | -€12 | -2.9% |
| Profit (loss) for the period | 9904 | -€20,426 | €73,409 | +€93,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,426 | €73,409 | +€93,835 |
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 28 October 2026 via checked.be.