I.C.Y.: 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.Y.
Largest movements
- Cash -€105,800
down €105,800 (-98.8%), from €107,055 to €1,255
mainly Tax, wage and social debts (-€99,997) and Trade debts (-€26,261)
- Receivables within one year -€22,400
down €22,400 (-51.8%), from €43,232 to €20,832
- Tax, wage and social debts -€99,997
no longer reported in 2025 (was €99,997)
- Trade debts -€26,261
down €26,261 (-53.0%), from €49,588 to €23,326
- Gross operating margin +€25,421
up €25,421 (+96.7%), from -€26,280 to -€859
- Other operating charges +€806
up €806 (+208%), from €387 to €1,193
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 | €774,326 | €646,125 | -€128,200 | -16.6% |
| Fixed assets | 21/28 | €624,038 | €624,038 | = | 0.0% |
| Tangible fixed assets | 22/27 | €619,889 | €619,889 | = | 0.0% |
| Land and buildings | 22 | €134,442 | €134,442 | = | 0.0% |
| Assets under construction and advance payments | 27 | €485,447 | €485,447 | = | 0.0% |
| Financial fixed assets | 28 | €4,150 | €4,150 | = | 0.0% |
| Current assets | 29/58 | €150,287 | €22,087 | -€128,200 | -85.3% |
| Amounts receivable within one year | 40/41 | €43,232 | €20,832 | -€22,400 | -51.8% |
| Trade receivables | 40 | €43,232 | €20,832 | -€22,400 | -51.8% |
| Cash at bank and in hand | 54/58 | €107,055 | €1,255 | -€105,800 | -98.8% |
| Total equity and liabilities | 10/49 | €774,326 | €646,125 | -€128,200 | -16.6% |
| Equity | 10/15 | €624,741 | €622,799 | -€1,942 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €644,290 | €644,290 | = | 0.0% |
| Distributable reserves | 133 | €644,290 | €644,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,749 | -€27,691 | -€1,942 | -7.5% |
| Amounts payable | 17/49 | €149,585 | €23,326 | -€126,259 | -84.4% |
| Amounts payable within one year | 42/48 | €149,585 | €23,326 | -€126,259 | -84.4% |
| Trade debts | 44 | €49,588 | €23,326 | -€26,261 | -53.0% |
| Suppliers | 440/4 | €49,588 | €23,326 | -€26,261 | -53.0% |
| Taxes, remuneration and social security | 45 | €99,997 | - | -€99,997 | |
| Taxes | 450/3 | €99,997 | - | -€99,997 | |
| Other operating charges | 640/8 | €387 | €1,193 | +€806 | +208% |
| Gross operating margin | 9900 | -€26,280 | -€859 | +€25,421 | +96.7% |
| Operating profit (loss) | 9901 | -€26,667 | -€2,052 | +€24,615 | +92.3% |
| Financial income | 75/76B | - | €171 | +€171 | |
| Recurring financial income | 75 | - | €171 | +€171 | |
| Financial charges | 65/66B | €135 | €60 | -€75 | -55.6% |
| Recurring financial charges | 65 | €135 | €60 | -€75 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,802 | -€1,942 | +€24,860 | +92.8% |
| Profit (loss) for the period | 9904 | -€26,802 | -€1,942 | +€24,860 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,802 | -€1,942 | +€24,860 | +92.8% |
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 17 October 2026 via checked.be.