Ic Learning: 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 Learning
Largest movements
- Receivables within one year +€9,090
up €9,090 (+33.0%), from €27,583 to €36,672
- Cash -€4,916
down €4,916 (-4.6%), from €107,491 to €102,575
mainly Contributions, distributions and other (-€25,000) and Receivables within one year (-€9,090)
- Other debts +€8,452
up €8,452 (+67.7%), from €12,489 to €20,941
- Profit (loss) carried forward -€3,037
down €3,037 (-3.6%), from €85,085 to €82,048
- Trade debts -€1,467
down €1,467 (-43.1%), from €3,401 to €1,934
- Gross operating margin +€19,451
up €19,451 (+143.4%), from €13,564 to €33,015
- Taxes +€5,062
up €5,062 (+136.2%), from €3,715 to €8,777
- Staff costs +€685
up €685 (+440.1%), from €156 to €840
- Financial income -€478
down €478 (-73.1%), from €654 to €176
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 | €139,076 | €142,108 | +€3,032 | +2.2% |
| Fixed assets | 21/28 | €2,772 | €2,741 | -€31 | -1.1% |
| Tangible fixed assets | 22/27 | €2,772 | €2,741 | -€31 | -1.1% |
| Plant, machinery and equipment | 23 | €1,065 | €946 | -€120 | -11.2% |
| Furniture and vehicles | 24 | €1,707 | €1,795 | +€88 | +5.2% |
| Current assets | 29/58 | €136,304 | €139,368 | +€3,064 | +2.2% |
| Amounts receivable within one year | 40/41 | €27,583 | €36,672 | +€9,090 | +33.0% |
| Trade receivables | 40 | €27,583 | €36,672 | +€9,090 | +33.0% |
| Cash at bank and in hand | 54/58 | €107,491 | €102,575 | -€4,916 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,231 | €120 | -€1,110 | -90.2% |
| Total equity and liabilities | 10/49 | €139,076 | €142,108 | +€3,032 | +2.2% |
| Equity | 10/15 | €105,545 | €102,508 | -€3,037 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,085 | €82,048 | -€3,037 | -3.6% |
| Amounts payable | 17/49 | €33,532 | €39,600 | +€6,069 | +18.1% |
| Amounts payable within one year | 42/48 | €33,398 | €39,600 | +€6,202 | +18.6% |
| Trade debts | 44 | €3,401 | €1,934 | -€1,467 | -43.1% |
| Suppliers | 440/4 | €3,401 | €1,934 | -€1,467 | -43.1% |
| Taxes, remuneration and social security | 45 | €17,509 | €16,725 | -€783 | -4.5% |
| Taxes | 450/3 | €17,509 | €16,725 | -€783 | -4.5% |
| Other amounts payable | 47/48 | €12,489 | €20,941 | +€8,452 | +67.7% |
| Accrued charges and deferred income | 492/3 | €133 | - | -€133 | |
| Remuneration, social security and pensions | 62 | €156 | €840 | +€685 | +440.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,118 | €1,274 | +€156 | +14.0% |
| Other operating charges | 640/8 | €399 | €199 | -€200 | -50.2% |
| Gross operating margin | 9900 | €13,564 | €33,015 | +€19,451 | +143.4% |
| Operating profit (loss) | 9901 | €11,892 | €30,702 | +€18,810 | +158.2% |
| Financial income | 75/76B | €654 | €176 | -€478 | -73.1% |
| Recurring financial income | 75 | €654 | €176 | -€478 | -73.1% |
| Financial charges | 65/66B | €48 | €137 | +€89 | +186.1% |
| Recurring financial charges | 65 | €48 | €137 | +€89 | +186.1% |
| Profit (loss) for the period before taxes | 9903 | €12,497 | €30,740 | +€18,243 | +146.0% |
| Income taxes | 67/77 | €3,715 | €8,777 | +€5,062 | +136.2% |
| Profit (loss) for the period | 9904 | €8,782 | €21,963 | +€13,181 | +150.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,782 | €21,963 | +€13,181 | +150.1% |
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 30 September 2026 via checked.be.