ICAMA: 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.
ICAMA
Largest movements
- Cash +€7,832
up €7,832 (+69.3%), from €11,306 to €19,138
mainly Net result for the year (+€12,484) and Receivables within one year (+€7,235)
- Receivables within one year -€7,235
down €7,235 (-90.3%), from €8,016 to €781
of which Trade receivables: -€8,016
- Deferred charges and accrued income -€1,771
no longer reported in 2025 (was €1,771)
- Tangible fixed assets +€652
up €652 (+10.7%), from €6,097 to €6,749
- Profit (loss) carried forward +€12,484
up €12,484, from -€6,897 to €5,587
- Trade debts -€10,075
down €10,075 (-90.5%), from €11,132 to €1,056
- Other debts -€2,954
down €2,954 (-67.7%), from €4,363 to €1,409
- Tax, wage and social debts +€1,123
up €1,123 (+8.6%), from €13,133 to €14,256
of which Taxes: +€2,123
- Contributions -€1,100
down €1,100 (-30.6%), from €3,600 to €2,500
- Turnover -€64,827
no longer reported in 2025 (was €64,827)
- Purchases and services -€51,570
no longer reported in 2025 (was €51,570)
- Gross operating margin +€5,915
up €5,915 (+34.2%), from €17,298 to €23,213
- Financial charges +€1,091
up €1,091, from -€2 to €1,090
- Other operating charges -€690
down €690 (-78.3%), from €881 to €191
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 | €27,190 | €26,668 | -€522 | -1.9% |
| Fixed assets | 21/28 | €6,097 | €6,749 | +€652 | +10.7% |
| Tangible fixed assets | 22/27 | €6,097 | €6,749 | +€652 | +10.7% |
| Furniture and vehicles | 24 | €6,097 | €6,749 | +€652 | +10.7% |
| Current assets | 29/58 | €21,093 | €19,919 | -€1,174 | -5.6% |
| Amounts receivable within one year | 40/41 | €8,016 | €781 | -€7,235 | -90.3% |
| Trade receivables | 40 | €8,016 | - | -€8,016 | |
| Other amounts receivable | 41 | - | €781 | +€781 | |
| Cash at bank and in hand | 54/58 | €11,306 | €19,138 | +€7,832 | +69.3% |
| Deferred charges and accrued income | 490/1 | €1,771 | - | -€1,771 | |
| Total equity and liabilities | 10/49 | €27,190 | €26,668 | -€522 | -1.9% |
| Equity | 10/15 | -€1,437 | €9,947 | +€11,384 | |
| Contributions | 10/11 | €3,600 | €2,500 | -€1,100 | -30.6% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,897 | €5,587 | +€12,484 | |
| Amounts payable | 17/49 | €28,628 | €16,722 | -€11,906 | -41.6% |
| Amounts payable within one year | 42/48 | €28,628 | €16,722 | -€11,906 | -41.6% |
| Trade debts | 44 | €11,132 | €1,056 | -€10,075 | -90.5% |
| Suppliers | 440/4 | €11,132 | €1,056 | -€10,075 | -90.5% |
| Taxes, remuneration and social security | 45 | €13,133 | €14,256 | +€1,123 | +8.6% |
| Taxes | 450/3 | €10,633 | €12,756 | +€2,123 | +20.0% |
| Remuneration and social security | 454/9 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Other amounts payable | 47/48 | €4,363 | €1,409 | -€2,954 | -67.7% |
| Turnover | 70 | €64,827 | - | -€64,827 | |
| Non-recurring operating income | 76A | - | €9,132 | +€9,132 | |
| Goods, raw materials, services and sundry goods | 60/61 | €51,570 | - | -€51,570 | |
| Remuneration, social security and pensions | 62 | - | €97 | +€97 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,003 | €3,222 | +€219 | +7.3% |
| Other operating charges | 640/8 | €881 | €191 | -€690 | -78.3% |
| Non-recurring operating charges | 66A | €716 | - | -€716 | |
| Gross operating margin | 9900 | €17,298 | €23,213 | +€5,915 | +34.2% |
| Operating profit (loss) | 9901 | €12,698 | €19,703 | +€7,005 | +55.2% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | -€2 | €1,090 | +€1,091 | |
| Recurring financial charges | 65 | -€2 | €1,090 | +€1,091 | |
| Profit (loss) for the period before taxes | 9903 | €12,699 | €18,626 | +€5,927 | +46.7% |
| Income taxes | 67/77 | €5,869 | €6,142 | +€273 | +4.6% |
| Profit (loss) for the period | 9904 | €6,830 | €12,484 | +€5,654 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,830 | €12,484 | +€5,654 | +82.8% |
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 11 October 2026 via checked.be.