IC ACCOUNTING: what changed
Two fiscal 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.
IC ACCOUNTING
Largest movements
- Financial fixed assets +€102,200
up €102,200 (+127.8%), from €80,000 to €182,200
- Tangible fixed assets -€5,930
down €5,930 (-5.7%), from €103,144 to €97,214
of which Land and buildings: -€3,486
- Debts after one year +€44,934
up €44,934 (+34.8%), from €129,070 to €174,003
- Other debts +€19,662
up €19,662 (+47.9%), from €41,031 to €60,693
- Reserves +€15,753
up €15,753 (+30.5%), from €51,716 to €67,469
- Current portion of long-term debt +€10,923
up €10,923 (+68.5%), from €15,957 to €26,880
- Tax, wage and social debts +€6,052
up €6,052 (+59.7%), from €10,131 to €16,182
of which Taxes: +€5,715
- Gross operating margin +€40,190
up €40,190 (+57.0%), from €70,554 to €110,744
- Depreciation -€13,490
down €13,490 (-69.5%), from €19,420 to €5,930
- Taxes +€13,288
up €13,288 (+107.8%), from €12,324 to €25,612
- Financial charges +€2,107
up €2,107 (+27.7%), from €7,595 to €9,702
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 | €250,816 | €347,332 | +€96,516 | +38.5% |
| Fixed assets | 21/28 | €183,144 | €279,414 | +€96,270 | +52.6% |
| Tangible fixed assets | 22/27 | €103,144 | €97,214 | -€5,930 | -5.7% |
| Land and buildings | 22 | €84,299 | €80,813 | -€3,486 | -4.1% |
| Plant, machinery and equipment | 23 | €17,513 | €15,687 | -€1,826 | -10.4% |
| Furniture and vehicles | 24 | €1,332 | €714 | -€618 | -46.4% |
| Financial fixed assets | 28 | €80,000 | €182,200 | +€102,200 | +127.8% |
| Current assets | 29/58 | €67,673 | €67,919 | +€246 | +0.4% |
| Amounts receivable within one year | 40/41 | €1,903 | €5,219 | +€3,316 | +174.2% |
| Other amounts receivable | 41 | €1,903 | €5,219 | +€3,316 | +174.2% |
| Cash at bank and in hand | 54/58 | €64,247 | €61,554 | -€2,692 | -4.2% |
| Deferred charges and accrued income | 490/1 | €1,523 | €1,146 | -€377 | -24.8% |
| Total equity and liabilities | 10/49 | €250,816 | €347,332 | +€96,516 | +38.5% |
| Equity | 10/15 | €53,216 | €68,969 | +€15,753 | +29.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €51,716 | €67,469 | +€15,753 | +30.5% |
| Distributable reserves | 133 | €51,716 | €67,469 | +€15,753 | +30.5% |
| Amounts payable | 17/49 | €197,600 | €278,364 | +€80,764 | +40.9% |
| Amounts payable after more than one year | 17 | €129,070 | €174,003 | +€44,934 | +34.8% |
| Financial debts | 170/4 | €129,070 | €174,003 | +€44,934 | +34.8% |
| Amounts payable within one year | 42/48 | €67,526 | €104,067 | +€36,541 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €15,957 | €26,880 | +€10,923 | +68.5% |
| Trade debts | 44 | €408 | €312 | -€96 | -23.5% |
| Suppliers | 440/4 | €408 | €312 | -€96 | -23.5% |
| Taxes, remuneration and social security | 45 | €10,131 | €16,182 | +€6,052 | +59.7% |
| Taxes | 450/3 | €8,720 | €14,435 | +€5,715 | +65.5% |
| Remuneration and social security | 454/9 | €1,411 | €1,748 | +€337 | +23.9% |
| Other amounts payable | 47/48 | €41,031 | €60,693 | +€19,662 | +47.9% |
| Accrued charges and deferred income | 492/3 | €1,005 | €294 | -€711 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,420 | €5,930 | -€13,490 | -69.5% |
| Other operating charges | 640/8 | €1,120 | €747 | -€373 | -33.3% |
| Gross operating margin | 9900 | €70,554 | €110,744 | +€40,190 | +57.0% |
| Operating profit (loss) | 9901 | €50,014 | €104,067 | +€54,053 | +108.1% |
| Financial income | 75/76B | €12,006 | €12,000 | -€6 | 0.0% |
| Recurring financial income | 75 | €12,006 | €12,000 | -€6 | 0.0% |
| Financial charges | 65/66B | €7,595 | €9,702 | +€2,107 | +27.7% |
| Recurring financial charges | 65 | €7,595 | €9,702 | +€2,107 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €54,425 | €106,365 | +€51,940 | +95.4% |
| Income taxes | 67/77 | €12,324 | €25,612 | +€13,288 | +107.8% |
| Profit (loss) for the period | 9904 | €42,101 | €80,753 | +€38,652 | +91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,101 | €80,753 | +€38,652 | +91.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.