i-City: 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-City
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€21,446
2024 · €109,428-€87,982
Equity
€1.8m
2024 · €1.8m+€21,446
Cash
€5.3m
2024 · €3.2m+€2.1m
Balance sheet total
€19.3m
2024 · €21.0m-€1.7m
Largest movements
Assets
- Receivables within one year -€2.9m
down €2.9m (-19.0%), from €15.1m to €12.2m
of which Trade receivables: -€2.9m
- Cash +€2.1m
up €2.1m (+67.4%), from €3.2m to €5.3m
mainly Debts after one year (+€3.7m) and Receivables within one year (+€2.9m)
- Stocks and contracts -€879,534
down €879,534 (-57.8%), from €1.5m to €642,417
Equity and liabilities
- Debts after one year +€3.7m
up €3.7m (+10,866%), from €34,050 to €3.7m
of which Financial debts: +€3.7m
- Current portion of long-term debt -€3.7m
no longer reported in 2025 (was €3.7m)
- Trade debts -€1.1m
down €1.1m (-9.3%), from €11.4m to €10.4m
- Provisions -€651,456
down €651,456 (-87.9%), from €740,819 to €89,363
Income statement
- Turnover -€13.8m
down €13.8m (-19.3%), from €71.3m to €57.5m
- Goods and materials -€11.7m
down €11.7m (-23.7%), from €49.2m to €37.5m
of which Purchases: -€13.2m
- Write-downs -€2.1m
down €2.1m, from €1.9m to -€178,505
- Staff costs +€751,509
up €751,509 (+4.3%), from €17.6m to €18.3m
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
€109,428
Turnover
-€13.8m
Other operating income
+€692,793
Goods and materials
+€11.7m
Services and other goods
-€139,434
Staff costs
-€751,509
Depreciation
-€8,642
Write-downs
+€2.1m
Other operating charges
-€184,781
Other operating items
+€355,571
Financial income
-€26,655
Financial charges
+€1
Taxes
-€1,857
Result 2025
€21,446
raises the resultlowers the resultnot broken down further in the accounts
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
+€2.2m
Investment
-€26,695
Financing
€0
Cash 2024
€3.2m
From operations (derived)
+€2.2m
Net result for the year
+€21,446
Depreciation
+€137,203
Stocks and contracts
+€879,534
Receivables within one year
+€2.9m
Deferred charges and accrued income
-€22,020
Provisions
-€651,456
Trade debts
-€1.1m
Tax, wage and social debts
-€60,782
Accrued charges and deferred income
+€63,795
Investment (derived)
-€26,695
Investment in fixed assets (net)
-€26,695
Financing
€0
Debts after one year
+€3.7m
Current portion of long-term debt
-€3.7m
Cash 2025
€5.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,039,775 | €19,348,172 | -€1.7m | -8.0% |
| Fixed assets | 21/28 | €309,294 | €198,786 | -€110,508 | -35.7% |
| Intangible fixed assets | 21 | €139,332 | €54,551 | -€84,781 | -60.8% |
| Tangible fixed assets | 22/27 | €169,642 | €143,915 | -€25,727 | -15.2% |
| Plant, machinery and equipment | 23 | €169,642 | €143,915 | -€25,727 | -15.2% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Other financial fixed assets | 284/8 | €320 | €320 | = | 0.0% |
| Shares | 284 | €10 | €10 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €20,730,481 | €19,149,386 | -€1.6m | -7.6% |
| Stocks and contracts in progress | 3 | €1,521,951 | €642,417 | -€879,534 | -57.8% |
| Stocks | 30/36 | €1,521,951 | €642,417 | -€879,534 | -57.8% |
| Goods purchased for resale | 34 | €1,521,951 | €642,417 | -€879,534 | -57.8% |
| Amounts receivable within one year | 40/41 | €15,059,690 | €12,199,252 | -€2.9m | -19.0% |
| Trade receivables | 40 | €15,041,920 | €12,190,461 | -€2.9m | -19.0% |
| Other amounts receivable | 41 | €17,770 | €8,791 | -€8,979 | -50.5% |
| Cash at bank and in hand | 54/58 | €3,170,645 | €5,307,502 | +€2.1m | +67.4% |
| Deferred charges and accrued income | 490/1 | €978,195 | €1,000,215 | +€22,020 | +2.3% |
| Total equity and liabilities | 10/49 | €21,039,775 | €19,348,172 | -€1.7m | -8.0% |
| Equity | 10/15 | €1,823,333 | €1,844,779 | +€21,446 | +1.2% |
| Reserves | 13 | €1,104,049 | €1,104,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | €719,284 | €740,730 | +€21,446 | +3.0% |
| Provisions and deferred taxes | 16 | €740,819 | €89,363 | -€651,456 | -87.9% |
| Provisions for liabilities and charges | 160/5 | €740,819 | €89,363 | -€651,456 | -87.9% |
| Other liabilities and charges | 164/5 | €740,819 | €89,363 | -€651,456 | -87.9% |
| Amounts payable | 17/49 | €18,475,623 | €17,414,030 | -€1.1m | -5.7% |
| Amounts payable after more than one year | 17 | €34,050 | €3,734,050 | +€3.7m | +10,866% |
| Financial debts | 170/4 | - | €3,700,000 | +€3.7m | |
| Other loans | 174 | - | €3,700,000 | +€3.7m | |
| Other amounts payable | 178/9 | €34,050 | €34,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,099,922 | €13,274,534 | -€4.8m | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €3,700,000 | - | -€3.7m | |
| Trade debts | 44 | €11,421,452 | €10,356,846 | -€1.1m | -9.3% |
| Suppliers | 440/4 | €11,421,452 | €10,356,846 | -€1.1m | -9.3% |
| Taxes, remuneration and social security | 45 | €2,978,470 | €2,917,688 | -€60,782 | -2.0% |
| Taxes | 450/3 | €740,645 | €713,203 | -€27,442 | -3.7% |
| Remuneration and social security | 454/9 | €2,237,825 | €2,204,485 | -€33,340 | -1.5% |
| Accrued charges and deferred income | 492/3 | €341,651 | €405,446 | +€63,795 | +18.7% |
| Operating income | 70/76A | €71,987,721 | €58,519,993 | -€13.5m | -18.7% |
| Turnover | 70 | €71,300,040 | €57,506,241 | -€13.8m | -19.3% |
| Other operating income | 74 | €320,959 | €1,013,752 | +€692,793 | +216% |
| Non-recurring operating income | 76A | €366,722 | - | -€366,722 | |
| Operating charges | 60/66A | €71,924,828 | €58,516,571 | -€13.4m | -18.6% |
| Goods for resale, raw materials and consumables | 60 | €49,214,535 | €37,527,398 | -€11.7m | -23.7% |
| Purchases | 600/8 | €49,869,152 | €36,647,865 | -€13.2m | -26.5% |
| Change in stocks: decrease (increase) | 609 | -€654,617 | €879,533 | +€1.5m | |
| Services and other goods | 61 | €2,971,906 | €3,111,340 | +€139,434 | +4.7% |
| Remuneration, social security and pensions | 62 | €17,591,459 | €18,342,968 | +€751,509 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,561 | €137,203 | +€8,642 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,904,688 | -€178,505 | -€2.1m | |
| Other operating charges | 640/8 | €42,842 | €227,623 | +€184,781 | +431% |
| Non-recurring operating charges | 66A | €33,476 | -€473,795 | -€507,271 | |
| Operating profit (loss) | 9901 | €62,893 | €3,422 | -€59,471 | -94.6% |
| Financial income | 75/76B | €45,027 | €18,372 | -€26,655 | -59.2% |
| Recurring financial income | 75 | €45,027 | €18,372 | -€26,655 | -59.2% |
| Other financial income | 752/9 | €45,027 | €18,372 | -€26,655 | -59.2% |
| Financial charges | 65/66B | €533 | €532 | -€1 | -0.2% |
| Recurring financial charges | 65 | €533 | €532 | -€1 | -0.2% |
| Other financial charges | 652/9 | €533 | €532 | -€1 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €107,387 | €21,262 | -€86,125 | -80.2% |
| Income taxes | 67/77 | -€2,041 | -€184 | +€1,857 | +91.0% |
| Tax adjustments and reversals of tax provisions | 77 | €2,041 | €184 | -€1,857 | -91.0% |
| Profit (loss) for the period | 9904 | €109,428 | €21,446 | -€87,982 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €109,428 | €21,446 | -€87,982 | -80.4% |
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 18 October 2026 via checked.be.