ICAMOLEN: 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.
ICAMOLEN
Largest movements
- Current investments +€731,604
new in 2025: €731,604
- Cash -€633,777
down €633,777 (-95.6%), from €662,836 to €29,059
mainly Current investments (-€731,604) and Investment in fixed assets (net) (-€688)
- Reserves +€81,013
up €81,013 (+19.3%), from €419,346 to €500,359
- Gross operating margin -€322,203
down €322,203, from €305,028 to -€17,175
- Financial income +€139,536
up €139,536 (+2,390%), from €5,838 to €145,374
of which Non-recurring financial income: +€137,155
- Taxes -€45,366
down €45,366 (-55.5%), from €81,721 to €36,356
- Provisions -€11,822
down €11,822 (-100%), from €11,822 to €0
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.
Derived cash bridge
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 | €889,809 | €979,953 | +€90,144 | +10.1% |
| Fixed assets | 21/28 | €224,231 | €216,397 | -€7,834 | -3.5% |
| Tangible fixed assets | 22/27 | €224,231 | €216,397 | -€7,834 | -3.5% |
| Land and buildings | 22 | €224,231 | €216,397 | -€7,834 | -3.5% |
| Current assets | 29/58 | €665,578 | €763,556 | +€97,978 | +14.7% |
| Amounts receivable within one year | 40/41 | €421 | €750 | +€329 | +78.2% |
| Trade receivables | 40 | - | €750 | +€750 | |
| Other amounts receivable | 41 | €421 | €0 | -€421 | -100% |
| Current investments | 50/53 | - | €731,604 | +€731,604 | |
| Cash at bank and in hand | 54/58 | €662,836 | €29,059 | -€633,777 | -95.6% |
| Deferred charges and accrued income | 490/1 | €2,321 | €2,143 | -€178 | -7.7% |
| Total equity and liabilities | 10/49 | €889,809 | €979,953 | +€90,144 | +10.1% |
| Equity | 10/15 | €797,136 | €878,149 | +€81,013 | +10.2% |
| Contributions | 10/11 | €377,790 | €377,790 | = | 0.0% |
| Reserves | 13 | €419,346 | €500,359 | +€81,013 | +19.3% |
| Distributable reserves | 133 | €419,346 | €500,359 | +€81,013 | +19.3% |
| Provisions and deferred taxes | 16 | €11,822 | €11,822 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,822 | €11,822 | = | 0.0% |
| Environmental obligations | 163 | €11,822 | €0 | -€11,822 | -100% |
| Other liabilities and charges | 164/5 | - | €11,822 | +€11,822 | |
| Amounts payable | 17/49 | €80,852 | €89,982 | +€9,131 | +11.3% |
| Amounts payable within one year | 42/48 | €80,852 | €89,982 | +€9,131 | +11.3% |
| Trade debts | 44 | - | €775 | +€775 | |
| Suppliers | 440/4 | - | €775 | +€775 | |
| Taxes, remuneration and social security | 45 | €80,846 | €89,201 | +€8,356 | +10.3% |
| Taxes | 450/3 | €80,846 | €89,201 | +€8,356 | +10.3% |
| Other amounts payable | 47/48 | €6 | €6 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,752 | €8,522 | +€1,770 | +26.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,822 | €0 | -€11,822 | -100% |
| Other operating charges | 640/8 | €4,770 | €2,274 | -€2,496 | -52.3% |
| Gross operating margin | 9900 | €305,028 | -€17,175 | -€322,203 | |
| Operating profit (loss) | 9901 | €281,685 | -€27,970 | -€309,655 | |
| Financial income | 75/76B | €5,838 | €145,374 | +€139,536 | +2,390% |
| Recurring financial income | 75 | €5,838 | €8,218 | +€2,380 | +40.8% |
| Non-recurring financial income | 76B | - | €137,155 | +€137,155 | |
| Financial charges | 65/66B | €75 | €35 | -€40 | -53.3% |
| Recurring financial charges | 65 | €75 | €35 | -€40 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €287,448 | €117,369 | -€170,079 | -59.2% |
| Income taxes | 67/77 | €81,721 | €36,356 | -€45,366 | -55.5% |
| Profit (loss) for the period | 9904 | €205,726 | €81,013 | -€124,714 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €205,726 | €81,013 | -€124,714 | -60.6% |
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 27 October 2026 via checked.be.