I-CURA: 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-CURA
Largest movements
- Tangible fixed assets -€21,335
down €21,335 (-28.7%), from €74,410 to €53,075
of which Land and buildings: -€25,260
- Cash +€6,426
up €6,426 (+397%), from €1,619 to €8,045
mainly Depreciation (+€37,473) and Net result for the year (+€7,349)
- Receivables within one year +€1,462
up €1,462 (+5.0%), from €29,236 to €30,699
of which Other amounts receivable: +€1,022
- Debts after one year -€21,860
no longer reported in 2025 (was €21,860)
- Reserves +€7,349
up €7,349 (+13.9%), from €52,969 to €60,318
of which Distributable reserves: +€9,209
- Tax, wage and social debts +€1,737
up €1,737 (+62.5%), from €2,781 to €4,517
- Gross operating margin +€8,965
up €8,965 (+19.8%), from €45,185 to €54,151
- Taxes +€2,695
up €2,695 (+124%), from €2,174 to €4,868
- Financial charges -€1,636
down €1,636 (-48.5%), from €3,373 to €1,737
- Other operating charges +€786
up €786 (+39.9%), from €1,969 to €2,755
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 | €107,258 | €93,517 | -€13,741 | -12.8% |
| Fixed assets | 21/28 | €74,410 | €53,075 | -€21,335 | -28.7% |
| Tangible fixed assets | 22/27 | €74,410 | €53,075 | -€21,335 | -28.7% |
| Land and buildings | 22 | €54,067 | €28,806 | -€25,260 | -46.7% |
| Plant, machinery and equipment | 23 | €3,367 | €9,737 | +€6,370 | +189% |
| Furniture and vehicles | 24 | €16,067 | €13,925 | -€2,141 | -13.3% |
| Other tangible fixed assets | 26 | €910 | €606 | -€303 | -33.3% |
| Current assets | 29/58 | €32,847 | €40,442 | +€7,594 | +23.1% |
| Amounts receivable within one year | 40/41 | €29,236 | €30,699 | +€1,462 | +5.0% |
| Trade receivables | 40 | €21,608 | €22,049 | +€440 | +2.0% |
| Other amounts receivable | 41 | €7,628 | €8,650 | +€1,022 | +13.4% |
| Cash at bank and in hand | 54/58 | €1,619 | €8,045 | +€6,426 | +397% |
| Deferred charges and accrued income | 490/1 | €1,992 | €1,698 | -€294 | -14.8% |
| Total equity and liabilities | 10/49 | €107,258 | €93,517 | -€13,741 | -12.8% |
| Equity | 10/15 | €59,169 | €66,518 | +€7,349 | +12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,969 | €60,318 | +€7,349 | +13.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €51,109 | €60,318 | +€9,209 | +18.0% |
| Amounts payable | 17/49 | €48,089 | €26,999 | -€21,090 | -43.9% |
| Amounts payable after more than one year | 17 | €21,860 | - | -€21,860 | |
| Financial debts | 170/4 | €21,860 | - | -€21,860 | |
| Amounts payable within one year | 42/48 | €26,229 | €26,999 | +€770 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €21,876 | €21,860 | -€16 | -0.1% |
| Trade debts | 44 | €1,572 | €621 | -€951 | -60.5% |
| Suppliers | 440/4 | €1,572 | €621 | -€951 | -60.5% |
| Taxes, remuneration and social security | 45 | €2,781 | €4,517 | +€1,737 | +62.5% |
| Taxes | 450/3 | €2,781 | €4,517 | +€1,737 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,428 | €37,473 | +€45 | +0.1% |
| Other operating charges | 640/8 | €1,969 | €2,755 | +€786 | +39.9% |
| Gross operating margin | 9900 | €45,185 | €54,151 | +€8,965 | +19.8% |
| Operating profit (loss) | 9901 | €5,789 | €13,923 | +€8,134 | +141% |
| Financial income | 75/76B | €1 | €32 | +€31 | +4,424% |
| Recurring financial income | 75 | €1 | €32 | +€31 | +4,424% |
| Financial charges | 65/66B | €3,373 | €1,737 | -€1,636 | -48.5% |
| Recurring financial charges | 65 | €3,373 | €1,737 | -€1,636 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €2,416 | €12,217 | +€9,801 | +406% |
| Income taxes | 67/77 | €2,174 | €4,868 | +€2,695 | +124% |
| Profit (loss) for the period | 9904 | €243 | €7,349 | +€7,106 | +2,926% |
| Profit (loss) for the period to be appropriated | 9905 | €243 | €7,349 | +€7,106 | +2,926% |
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 14 October 2026 via checked.be.