IC & I: 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 & I
Largest movements
- Cash +€84,051
up €84,051 (+9634.1%), from €872 to €84,923
mainly Net result for the year (+€161,161) and Tax, wage and social debts (+€13,819)
- Receivables within one year +€20,247
up €20,247 (+368.6%), from €5,493 to €25,740
of which Other amounts receivable: +€17,086
- Tangible fixed assets +€3,147
new in 2025: €3,147
- Profit (loss) carried forward +€101,268
no longer reported in 2025 (was -€101,268)
- Other debts -€62,535
down €62,535 (-75.5%), from €82,862 to €20,326
- Reserves +€59,893
new in 2025: €59,893
- Tax, wage and social debts +€13,819
new in 2025: €13,819
- Advances received -€5,092
no longer reported in 2025 (was €5,092)
- Gross operating margin +€193,010
up €193,010, from -€21,897 to €171,112
- Taxes +€7,027
up €7,027 (+2155.9%), from €326 to €7,353
- Depreciation -€1,890
down €1,890 (-71.3%), from €2,651 to €760
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 | €6,366 | €113,811 | +€107,445 | +1687.8% |
| Fixed assets | 21/28 | - | €3,147 | +€3,147 | |
| Tangible fixed assets | 22/27 | - | €3,147 | +€3,147 | |
| Plant, machinery and equipment | 23 | - | €3,147 | +€3,147 | |
| Current assets | 29/58 | €6,366 | €110,664 | +€104,298 | +1638.4% |
| Amounts receivable within one year | 40/41 | €5,493 | €25,740 | +€20,247 | +368.6% |
| Trade receivables | 40 | €4,876 | €8,037 | +€3,161 | +64.8% |
| Other amounts receivable | 41 | €618 | €17,704 | +€17,086 | +2765.2% |
| Cash at bank and in hand | 54/58 | €872 | €84,923 | +€84,051 | +9634.1% |
| Total equity and liabilities | 10/49 | €6,366 | €113,811 | +€107,445 | +1687.8% |
| Equity | 10/15 | -€82,668 | €78,493 | +€161,161 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €59,893 | +€59,893 | |
| Distributable reserves | 133 | - | €59,893 | +€59,893 | |
| Profit (loss) carried forward | 14 | -€101,268 | - | +€101,268 | |
| Amounts payable | 17/49 | €89,034 | €35,317 | -€53,717 | -60.3% |
| Amounts payable within one year | 42/48 | €89,034 | €35,317 | -€53,717 | -60.3% |
| Trade debts | 44 | €1,081 | €1,172 | +€91 | +8.4% |
| Suppliers | 440/4 | €1,081 | €1,172 | +€91 | +8.4% |
| Advances received on contracts in progress | 46 | €5,092 | - | -€5,092 | |
| Taxes, remuneration and social security | 45 | - | €13,819 | +€13,819 | |
| Taxes | 450/3 | - | €13,819 | +€13,819 | |
| Other amounts payable | 47/48 | €82,862 | €20,326 | -€62,535 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,651 | €760 | -€1,890 | -71.3% |
| Other operating charges | 640/8 | €2,669 | €1,602 | -€1,067 | -40.0% |
| Gross operating margin | 9900 | -€21,897 | €171,112 | +€193,010 | |
| Operating profit (loss) | 9901 | -€27,217 | €168,750 | +€195,967 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €222 | €237 | +€16 | +7.2% |
| Recurring financial charges | 65 | €222 | €237 | +€16 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,439 | €168,514 | +€195,953 | |
| Income taxes | 67/77 | €326 | €7,353 | +€7,027 | +2155.9% |
| Profit (loss) for the period | 9904 | -€27,764 | €161,161 | +€188,926 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,764 | €161,161 | +€188,926 |
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 5 October 2026 via checked.be.