I.C.Z.: 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.Z.
NACE 69.209, Other tax advisory services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22,923
2024 · €26,594-€3,670
Equity
€32,574
2024 · €32,550+€23
Cash
€48,321
2024 · €47,753+€568
Balance sheet total
€743,895
2024 · €790,701-€46,806
Largest movements
Assets
- Tangible fixed assets -€48,374
down €48,374 (-7.6%), from €639,641 to €591,267
Equity and liabilities
- Debts after one year -€49,150
down €49,150 (-7.3%), from €675,782 to €626,632
Income statement
- Gross operating margin -€8,515
down €8,515 (-8.5%), from €100,329 to €91,814
- Financial income +€3,020
new in 2025: €3,020
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
€26,594
Gross operating margin
-€8,515
Other operating charges
+€537
Financial income
+€3,020
Financial charges
+€652
Taxes
+€635
Result 2025
€22,923
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
+€71,640
Investment
€0
Financing
-€71,073
Cash 2024
€47,753
From operations (derived)
+€71,640
Net result for the year
+€22,923
Depreciation
+€48,374
Receivables within one year
+€1,500
Deferred charges and accrued income
-€2,500
Trade debts
+€273
Tax, wage and social debts
+€1,049
Accrued charges and deferred income
+€21
Financing
-€71,073
Debts after one year
-€49,150
Current portion of long-term debt
+€977
Contributions, distributions and other
-€22,900
Cash 2025
€48,321
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €790,701 | €743,895 | -€46,806 | -5.9% |
| Fixed assets | 21/28 | €639,641 | €591,267 | -€48,374 | -7.6% |
| Tangible fixed assets | 22/27 | €639,641 | €591,267 | -€48,374 | -7.6% |
| Land and buildings | 22 | €639,641 | €591,267 | -€48,374 | -7.6% |
| Current assets | 29/58 | €151,060 | €152,628 | +€1,568 | +1.0% |
| Amounts receivable within one year | 40/41 | €101,500 | €100,000 | -€1,500 | -1.5% |
| Other amounts receivable | 41 | €101,500 | €100,000 | -€1,500 | -1.5% |
| Cash at bank and in hand | 54/58 | €47,753 | €48,321 | +€568 | +1.2% |
| Deferred charges and accrued income | 490/1 | €1,807 | €4,307 | +€2,500 | +138% |
| Total equity and liabilities | 10/49 | €790,701 | €743,895 | -€46,806 | -5.9% |
| Equity | 10/15 | €32,550 | €32,574 | +€23 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,090 | €12,114 | +€23 | +0.2% |
| Amounts payable | 17/49 | €758,151 | €711,322 | -€46,829 | -6.2% |
| Amounts payable after more than one year | 17 | €675,782 | €626,632 | -€49,150 | -7.3% |
| Financial debts | 170/4 | €675,782 | €626,632 | -€49,150 | -7.3% |
| Amounts payable within one year | 42/48 | €82,369 | €84,669 | +€2,300 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €48,173 | €49,150 | +€977 | +2.0% |
| Trade debts | 44 | €197 | €470 | +€273 | +139% |
| Suppliers | 440/4 | €197 | €470 | +€273 | +139% |
| Taxes, remuneration and social security | 45 | €9,000 | €10,049 | +€1,049 | +11.7% |
| Taxes | 450/3 | €9,000 | €10,049 | +€1,049 | +11.7% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,374 | €48,374 | = | 0.0% |
| Other operating charges | 640/8 | €1,003 | €465 | -€537 | -53.6% |
| Gross operating margin | 9900 | €100,329 | €91,814 | -€8,515 | -8.5% |
| Operating profit (loss) | 9901 | €50,953 | €42,975 | -€7,977 | -15.7% |
| Financial income | 75/76B | - | €3,020 | +€3,020 | |
| Recurring financial income | 75 | - | €3,020 | +€3,020 | |
| Financial charges | 65/66B | €15,359 | €14,707 | -€652 | -4.2% |
| Recurring financial charges | 65 | €15,359 | €14,707 | -€652 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €35,594 | €31,288 | -€4,305 | -12.1% |
| Income taxes | 67/77 | €9,000 | €8,365 | -€635 | -7.1% |
| Profit (loss) for the period | 9904 | €26,594 | €22,923 | -€3,670 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,594 | €22,923 | -€3,670 | -13.8% |
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 25 October 2026 via checked.be.