I2CM: 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.
I2CM
Largest movements
- Receivables within one year +€149,609
up €149,609 (+57.4%), from €260,618 to €410,227
of which Trade receivables: +€150,016
- Cash +€117,261
up €117,261 (+1921.2%), from €6,104 to €123,365
mainly Net result for the year (+€145,014) and Tax, wage and social debts (+€85,218)
- Tangible fixed assets +€11,972
up €11,972 (+486.8%), from €2,459 to €14,432
of which Furniture and vehicles: +€12,508
- Financial fixed assets +€6,200
up €6,200 (+39.5%), from €15,715 to €21,915
- Tax, wage and social debts +€85,218
up €85,218 (+528.0%), from €16,141 to €101,359
- Other debts +€80,000
up €80,000 (+145.5%), from €55,000 to €135,000
- Reserves +€65,014
up €65,014 (+61.1%), from €106,390 to €171,405
- Trade debts +€53,999
up €53,999 (+52.2%), from €103,468 to €157,468
- Gross operating margin +€217,672
up €217,672, from -€6,965 to €210,707
- Taxes +€57,322
up €57,322 (+2914.1%), from €1,967 to €59,289
- Depreciation +€3,137
up €3,137 (+130.1%), from €2,411 to €5,549
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 | €291,000 | €575,231 | +€284,232 | +97.7% |
| Fixed assets | 21/28 | €18,174 | €36,347 | +€18,172 | +100.0% |
| Tangible fixed assets | 22/27 | €2,459 | €14,432 | +€11,972 | +486.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,923 | €14,432 | +€12,508 | +650.4% |
| Other tangible fixed assets | 26 | €536 | €0 | -€536 | -100.0% |
| Financial fixed assets | 28 | €15,715 | €21,915 | +€6,200 | +39.5% |
| Current assets | 29/58 | €272,825 | €538,885 | +€266,059 | +97.5% |
| Amounts receivable within one year | 40/41 | €260,618 | €410,227 | +€149,609 | +57.4% |
| Trade receivables | 40 | €203,925 | €353,941 | +€150,016 | +73.6% |
| Other amounts receivable | 41 | €56,693 | €56,286 | -€407 | -0.7% |
| Cash at bank and in hand | 54/58 | €6,104 | €123,365 | +€117,261 | +1921.2% |
| Deferred charges and accrued income | 490/1 | €6,104 | €5,293 | -€811 | -13.3% |
| Total equity and liabilities | 10/49 | €291,000 | €575,231 | +€284,232 | +97.7% |
| Equity | 10/15 | €116,390 | €181,405 | +€65,014 | +55.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €106,390 | €171,405 | +€65,014 | +61.1% |
| Distributable reserves | 133 | €106,390 | €171,405 | +€65,014 | +61.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €174,609 | €393,827 | +€219,217 | +125.5% |
| Amounts payable within one year | 42/48 | €174,609 | €393,827 | +€219,217 | +125.5% |
| Trade debts | 44 | €103,468 | €157,468 | +€53,999 | +52.2% |
| Suppliers | 440/4 | €103,468 | €157,468 | +€53,999 | +52.2% |
| Taxes, remuneration and social security | 45 | €16,141 | €101,359 | +€85,218 | +528.0% |
| Taxes | 450/3 | €16,141 | €101,359 | +€85,218 | +528.0% |
| Other amounts payable | 47/48 | €55,000 | €135,000 | +€80,000 | +145.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,411 | €5,549 | +€3,137 | +130.1% |
| Other operating charges | 640/8 | €1,681 | €2,329 | +€649 | +38.6% |
| Gross operating margin | 9900 | -€6,965 | €210,707 | +€217,672 | |
| Operating profit (loss) | 9901 | -€11,057 | €202,829 | +€213,886 | |
| Financial income | 75/76B | €2,034 | €2,295 | +€261 | +12.8% |
| Recurring financial income | 75 | €2,034 | €2,295 | +€261 | +12.8% |
| Financial charges | 65/66B | €986 | €821 | -€165 | -16.8% |
| Recurring financial charges | 65 | €986 | €821 | -€165 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,009 | €204,304 | +€214,312 | |
| Income taxes | 67/77 | €1,967 | €59,289 | +€57,322 | +2914.1% |
| Profit (loss) for the period | 9904 | -€11,976 | €145,014 | +€156,990 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,976 | €145,014 | +€156,990 |
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 11 October 2026 via checked.be.