ICAFIS: 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.
ICAFIS
Largest movements
- Financial fixed assets -€33,500
down €33,500 (-8.3%), from €401,500 to €368,000
- Debts after one year -€32,000
down €32,000 (-19.4%), from €164,775 to €132,775
- Gross operating margin +€885
up €885 (+57.3%), from -€1,545 to -€660
- Other operating charges +€49
up €49 (+5.1%), from €968 to €1,017
- Financial charges -€26
down €26 (-11.0%), from €234 to €208
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 | €865,389 | €830,403 | -€34,987 | -4.0% |
| Fixed assets | 21/28 | €401,500 | €368,000 | -€33,500 | -8.3% |
| Financial fixed assets | 28 | €401,500 | €368,000 | -€33,500 | -8.3% |
| Current assets | 29/58 | €463,889 | €462,403 | -€1,487 | -0.3% |
| Cash at bank and in hand | 54/58 | €1,587 | €100 | -€1,487 | -93.7% |
| Deferred charges and accrued income | 490/1 | €462,303 | €462,303 | = | 0.0% |
| Total equity and liabilities | 10/49 | €865,389 | €830,403 | -€34,987 | -4.0% |
| Equity | 10/15 | €698,148 | €696,263 | -€1,885 | -0.3% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €115,829 | €115,829 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,597 | €8,597 | = | 0.0% |
| Legal reserve | 130 | €8,597 | €8,597 | = | 0.0% |
| Distributable reserves | 133 | €107,232 | €107,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,682 | -€19,566 | -€1,885 | -10.7% |
| Amounts payable | 17/49 | €167,242 | €134,140 | -€33,102 | -19.8% |
| Amounts payable after more than one year | 17 | €164,775 | €132,775 | -€32,000 | -19.4% |
| Other amounts payable | 178/9 | €164,775 | €132,775 | -€32,000 | -19.4% |
| Amounts payable within one year | 42/48 | €2,449 | €1,348 | -€1,102 | -45.0% |
| Trade debts | 44 | €2,449 | €1,348 | -€1,102 | -45.0% |
| Suppliers | 440/4 | €2,449 | €1,348 | -€1,102 | -45.0% |
| Accrued charges and deferred income | 492/3 | €18 | €18 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €1,017 | +€49 | +5.1% |
| Gross operating margin | 9900 | -€1,545 | -€660 | +€885 | +57.3% |
| Operating profit (loss) | 9901 | -€2,513 | -€1,677 | +€836 | +33.3% |
| Financial charges | 65/66B | €234 | €208 | -€26 | -11.0% |
| Recurring financial charges | 65 | €234 | €208 | -€26 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,747 | -€1,885 | +€862 | +31.4% |
| Profit (loss) for the period | 9904 | -€2,747 | -€1,885 | +€862 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,747 | -€1,885 | +€862 | +31.4% |
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 9 October 2026 via checked.be.