I.CA: 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.CA
Largest movements
- Tangible fixed assets +€17,587
up €17,587 (+33.2%), from €52,919 to €70,507
- Cash +€4,863
up €4,863 (+8.7%), from €56,188 to €61,051
mainly Depreciation (+€19,754) and Net result for the year (+€13,681)
- Receivables within one year -€3,309
down €3,309 (-17.2%), from €19,282 to €15,973
of which Trade receivables: -€3,309
- Reserves +€45,943
up €45,943 (+199.8%), from €23,000 to €68,943
- Profit (loss) carried forward -€32,262
down €32,262 (-100.0%), from €32,262 to €0
- Current portion of long-term debt +€9,509
up €9,509 (+82.0%), from €11,596 to €21,104
- Tax, wage and social debts -€7,542
down €7,542 (-35.3%), from €21,396 to €13,854
of which Taxes: -€6,976
- Accrued charges and deferred income +€1,937
up €1,937 (+922.3%), from €210 to €2,147
- Gross operating margin -€11,922
down €11,922 (-21.1%), from €56,464 to €44,542
- Depreciation +€5,058
up €5,058 (+34.4%), from €14,696 to €19,754
- Taxes -€2,034
down €2,034 (-24.6%), from €8,257 to €6,223
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.
Cash bridge derived
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 | €129,641 | €147,637 | +€17,997 | +13.9% |
| Fixed assets | 21/28 | €52,919 | €70,507 | +€17,587 | +33.2% |
| Tangible fixed assets | 22/27 | €52,919 | €70,507 | +€17,587 | +33.2% |
| Furniture and vehicles | 24 | €52,919 | €70,507 | +€17,587 | +33.2% |
| Current assets | 29/58 | €76,721 | €77,131 | +€409 | +0.5% |
| Amounts receivable within one year | 40/41 | €19,282 | €15,973 | -€3,309 | -17.2% |
| Trade receivables | 40 | €19,282 | €15,973 | -€3,309 | -17.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €56,188 | €61,051 | +€4,863 | +8.7% |
| Deferred charges and accrued income | 490/1 | €1,251 | €107 | -€1,144 | -91.4% |
| Total equity and liabilities | 10/49 | €129,641 | €147,637 | +€17,997 | +13.9% |
| Equity | 10/15 | €60,262 | €73,943 | +€13,681 | +22.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,000 | €68,943 | +€45,943 | +199.8% |
| Distributable reserves | 133 | €23,000 | €68,943 | +€45,943 | +199.8% |
| Profit (loss) carried forward | 14 | €32,262 | €0 | -€32,262 | -100.0% |
| Amounts payable | 17/49 | €69,379 | €73,695 | +€4,316 | +6.2% |
| Amounts payable after more than one year | 17 | €33,797 | €34,822 | +€1,025 | +3.0% |
| Financial debts | 170/4 | €33,797 | €34,822 | +€1,025 | +3.0% |
| Amounts payable within one year | 42/48 | €35,371 | €36,725 | +€1,354 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €11,596 | €21,104 | +€9,509 | +82.0% |
| Trade debts | 44 | €2,361 | €1,722 | -€639 | -27.1% |
| Suppliers | 440/4 | €2,361 | €1,722 | -€639 | -27.1% |
| Taxes, remuneration and social security | 45 | €21,396 | €13,854 | -€7,542 | -35.3% |
| Taxes | 450/3 | €18,619 | €11,643 | -€6,976 | -37.5% |
| Remuneration and social security | 454/9 | €2,777 | €2,211 | -€566 | -20.4% |
| Other amounts payable | 47/48 | €18 | €45 | +€27 | +151.2% |
| Accrued charges and deferred income | 492/3 | €210 | €2,147 | +€1,937 | +922.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,696 | €19,754 | +€5,058 | +34.4% |
| Other operating charges | 640/8 | €1,709 | €1,983 | +€274 | +16.0% |
| Gross operating margin | 9900 | €56,464 | €44,542 | -€11,922 | -21.1% |
| Operating profit (loss) | 9901 | €40,059 | €22,805 | -€17,254 | -43.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €2,697 | €2,902 | +€205 | +7.6% |
| Recurring financial charges | 65 | €2,697 | €2,902 | +€205 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €37,365 | €19,903 | -€17,462 | -46.7% |
| Income taxes | 67/77 | €8,257 | €6,223 | -€2,034 | -24.6% |
| Profit (loss) for the period | 9904 | €29,108 | €13,681 | -€15,427 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,108 | €13,681 | -€15,427 | -53.0% |
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 10 October 2026 via checked.be.