IC VENTURES: 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 VENTURES
Largest movements
- Current investments -€20,024
down €20,024 (-4.6%), from €435,060 to €415,036
- Tangible fixed assets -€19,655
down €19,655 (-50.8%), from €38,660 to €19,006
of which Furniture and vehicles: -€16,851
- Cash +€4,899
up €4,899 (+168.2%), from €2,914 to €7,813
mainly Other debts (+€29,696) and Current investments (+€20,024)
- Reserves -€64,734
down €64,734 (-22.3%), from €290,684 to €225,950
of which Distributable reserves: -€64,734
- Other debts +€29,696
up €29,696 (+59.5%), from €49,874 to €79,570
- Financial income +€25,487
up €25,487 (+64.4%), from €39,594 to €65,081
- Gross operating margin -€20,554
down €20,554 (-2446.0%), from -€840 to -€21,394
- Taxes +€1,201
up €1,201 (+20.0%), from €6,010 to €7,210
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 | €485,788 | €447,309 | -€38,479 | -7.9% |
| Fixed assets | 21/28 | €38,660 | €19,006 | -€19,655 | -50.8% |
| Tangible fixed assets | 22/27 | €38,660 | €19,006 | -€19,655 | -50.8% |
| Plant, machinery and equipment | 23 | €6,042 | €3,239 | -€2,803 | -46.4% |
| Furniture and vehicles | 24 | €32,618 | €15,767 | -€16,851 | -51.7% |
| Current assets | 29/58 | €447,128 | €428,303 | -€18,824 | -4.2% |
| Amounts receivable within one year | 40/41 | €8,625 | €4,926 | -€3,699 | -42.9% |
| Other amounts receivable | 41 | €8,625 | €4,926 | -€3,699 | -42.9% |
| Current investments | 50/53 | €435,060 | €415,036 | -€20,024 | -4.6% |
| Cash at bank and in hand | 54/58 | €2,914 | €7,813 | +€4,899 | +168.2% |
| Deferred charges and accrued income | 490/1 | €529 | €529 | = | 0.0% |
| Total equity and liabilities | 10/49 | €485,788 | €447,309 | -€38,479 | -7.9% |
| Equity | 10/15 | €425,725 | €360,991 | -€64,734 | -15.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €290,684 | €225,950 | -€64,734 | -22.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €288,684 | €223,950 | -€64,734 | -22.4% |
| Profit (loss) carried forward | 14 | €115,041 | €115,041 | = | 0.0% |
| Amounts payable | 17/49 | €60,063 | €86,318 | +€26,255 | +43.7% |
| Amounts payable within one year | 42/48 | €58,563 | €84,818 | +€26,255 | +44.8% |
| Trade debts | 44 | €4,171 | €205 | -€3,966 | -95.1% |
| Suppliers | 440/4 | €4,171 | €205 | -€3,966 | -95.1% |
| Taxes, remuneration and social security | 45 | €4,518 | €5,043 | +€525 | +11.6% |
| Taxes | 450/3 | €4,518 | €5,043 | +€525 | +11.6% |
| Other amounts payable | 47/48 | €49,874 | €79,570 | +€29,696 | +59.5% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,208 | +€4,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,675 | €19,655 | -€20 | -0.1% |
| Other operating charges | 640/8 | €1,315 | €1,102 | -€213 | -16.2% |
| Gross operating margin | 9900 | -€840 | -€21,394 | -€20,554 | -2446.0% |
| Operating profit (loss) | 9901 | -€21,830 | -€42,151 | -€20,321 | -93.1% |
| Financial income | 75/76B | €39,594 | €65,081 | +€25,487 | +64.4% |
| Recurring financial income | 75 | €39,594 | €65,081 | +€25,487 | +64.4% |
| Financial charges | 65/66B | €922 | €883 | -€39 | -4.2% |
| Recurring financial charges | 65 | €922 | €883 | -€39 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €16,842 | €22,047 | +€5,205 | +30.9% |
| Income taxes | 67/77 | €6,010 | €7,210 | +€1,201 | +20.0% |
| Profit (loss) for the period | 9904 | €10,832 | €14,836 | +€4,004 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,832 | €14,836 | +€4,004 | +37.0% |
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 29 September 2026 via checked.be.