icapps: 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.
What changed
icapps
NACE 70.200, Business and other management consultancy
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
-€523,662
31-12-2024 · €221,329-€744,991
Equity
€1.0m
31-12-2024 · €1.6m-€523,662
Cash
€34,350
31-12-2024 · €265,076-€230,726
Balance sheet total
€2.6m
31-12-2024 · €3.5m-€989,361
Largest movements
Assets
- Receivables within one year -€541,306
down €541,306 (-20.1%), from €2.7m to €2.2m
of which Trade receivables: -€530,699
- Cash -€230,726
down €230,726 (-87.0%), from €265,076 to €34,350
mainly Net result for the year (-€523,662) and Accrued charges and deferred income (-€212,355)
- Intangible fixed assets -€164,131
down €164,131 (-57.9%), from €283,414 to €119,282
- Tangible fixed assets -€85,968
down €85,968 (-45.9%), from €187,492 to €101,524
of which Furniture and vehicles: -€45,803
Equity and liabilities
- Reserves -€523,600
down €523,600 (-35.0%), from €1.5m to €973,250
of which Distributable reserves: -€502,550
- Accrued charges and deferred income -€212,355
down €212,355 (-42.9%), from €494,552 to €282,197
- Tax, wage and social debts -€183,787
down €183,787 (-28.1%), from €654,951 to €471,164
of which Taxes: -€100,795
- Trade debts -€44,294
down €44,294 (-5.5%), from €808,955 to €764,661
Income statement
- Gross operating margin +€4.1m
new in 2025: €4.1m
- Goods and materials -€3.7m
no longer reported in 2025 (was €3.7m)
- Services and other goods -€2.1m
no longer reported in 2025 (was €2.1m)
- Turnover -€1.6m
down €1.6m (-15.0%), from €10.9m to €9.3m
- Staff costs -€282,981
down €282,981 (-6.2%), from €4.6m to €4.3m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€221,329
Turnover
-€1.6m
Other operating income
-€117,817
Goods and materials
+€3.7m
Services and other goods
+€2.1m
Staff costs
+€282,981
Depreciation
+€63,710
Write-downs
-€2,350
Provisions
-€250
Other operating charges
+€15,999
Other operating items
-€5.3m
Financial income
+€4,191
Financial charges
+€39,102
Taxes
+€86,157
Result 31-12-2025
-€523,662
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€215,401
Investment
-€15,325
Financing
€0
Cash 31-12-2024
€265,076
From operations (derived)
-€215,401
Net result for the year
-€523,662
Depreciation
+€265,423
Receivables within one year
+€541,306
Deferred charges and accrued income
-€32,769
Provisions
+€2,216
Trade debts
-€44,294
Tax, wage and social debts
-€183,787
Other debts
-€27,480
Accrued charges and deferred income
-€212,355
Investment (derived)
-€15,325
Investment in fixed assets (net)
-€15,325
Cash 31-12-2025
€34,350
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,545,083 | €2,555,723 | -€989,361 | -27.9% |
| Fixed assets | 21/28 | €470,930 | €220,832 | -€250,099 | -53.1% |
| Intangible fixed assets | 21 | €283,414 | €119,282 | -€164,131 | -57.9% |
| Tangible fixed assets | 22/27 | €187,492 | €101,524 | -€85,968 | -45.9% |
| Plant, machinery and equipment | 23 | €94,768 | €57,206 | -€37,561 | -39.6% |
| Furniture and vehicles | 24 | €78,509 | €32,706 | -€45,803 | -58.3% |
| Other tangible fixed assets | 26 | €14,215 | €11,612 | -€2,603 | -18.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Other financial fixed assets | 284/8 | €25 | - | -€25 | |
| Amounts receivable and cash guarantees | 285/8 | €25 | - | -€25 | |
| Current assets | 29/58 | €3,074,153 | €2,334,891 | -€739,262 | -24.0% |
| Amounts receivable within one year | 40/41 | €2,698,280 | €2,156,974 | -€541,306 | -20.1% |
| Trade receivables | 40 | €2,521,115 | €1,990,416 | -€530,699 | -21.1% |
| Other amounts receivable | 41 | €177,165 | €166,558 | -€10,607 | -6.0% |
| Cash at bank and in hand | 54/58 | €265,076 | €34,350 | -€230,726 | -87.0% |
| Deferred charges and accrued income | 490/1 | €110,797 | €143,566 | +€32,769 | +29.6% |
| Total equity and liabilities | 10/49 | €3,545,083 | €2,555,723 | -€989,361 | -27.9% |
| Equity | 10/15 | €1,558,913 | €1,035,251 | -€523,662 | -33.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,496,850 | €973,250 | -€523,600 | -35.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,050 | - | -€21,050 | |
| Distributable reserves | 133 | €1,469,600 | €967,050 | -€502,550 | -34.2% |
| Profit (loss) carried forward | 14 | €63 | €1 | -€62 | -97.8% |
| Provisions and deferred taxes | 16 | €232 | €2,449 | +€2,216 | +953.7% |
| Provisions for liabilities and charges | 160/5 | €232 | €2,449 | +€2,216 | +953.7% |
| Pensions and similar obligations | 160 | €232 | €2,449 | +€2,216 | +953.7% |
| Amounts payable | 17/49 | €1,985,938 | €1,518,022 | -€467,915 | -23.6% |
| Amounts payable within one year | 42/48 | €1,491,386 | €1,235,826 | -€255,560 | -17.1% |
| Trade debts | 44 | €808,955 | €764,661 | -€44,294 | -5.5% |
| Suppliers | 440/4 | €808,955 | €764,661 | -€44,294 | -5.5% |
| Taxes, remuneration and social security | 45 | €654,951 | €471,164 | -€183,787 | -28.1% |
| Taxes | 450/3 | €173,464 | €72,669 | -€100,795 | -58.1% |
| Remuneration and social security | 454/9 | €481,487 | €398,495 | -€82,992 | -17.2% |
| Other amounts payable | 47/48 | €27,480 | - | -€27,480 | |
| Accrued charges and deferred income | 492/3 | €494,552 | €282,197 | -€212,355 | -42.9% |
| Operating income | 70/76A | €11,169,992 | - | -€11.2m | |
| Turnover | 70 | €10,884,132 | €9,255,346 | -€1.6m | -15.0% |
| Own construction capitalised | 72 | €164,312 | - | -€164,312 | |
| Other operating income | 74 | €117,817 | - | -€117,817 | |
| Non-recurring operating income | 76A | €3,731 | €572 | -€3,159 | -84.7% |
| Operating charges | 60/66A | €10,760,557 | - | -€10.8m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €5,356,572 | +€5.4m | |
| Goods for resale, raw materials and consumables | 60 | €3,744,586 | - | -€3.7m | |
| Purchases | 600/8 | €3,744,586 | - | -€3.7m | |
| Services and other goods | 61 | €2,062,755 | - | -€2.1m | |
| Remuneration, social security and pensions | 62 | €4,566,555 | €4,283,575 | -€282,981 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,133 | €265,423 | -€63,710 | -19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,739 | €14,090 | +€2,350 | +20.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€250 | - | +€250 | |
| Other operating charges | 640/8 | €43,852 | €27,853 | -€15,999 | -36.5% |
| Non-recurring operating charges | 66A | €2,186 | €2,494 | +€308 | +14.1% |
| Gross operating margin | 9900 | - | €4,128,428 | +€4.1m | |
| Operating profit (loss) | 9901 | €409,435 | -€465,007 | -€874,441 | |
| Financial income | 75/76B | €779 | €4,969 | +€4,191 | +538.1% |
| Recurring financial income | 75 | €779 | €3,823 | +€3,045 | +391.0% |
| Other financial income | 752/9 | €779 | - | -€779 | |
| Non-recurring financial income | 76B | - | €1,146 | +€1,146 | |
| Financial charges | 65/66B | €111,355 | €72,252 | -€39,102 | -35.1% |
| Recurring financial charges | 65 | €83,875 | €72,252 | -€11,623 | -13.9% |
| Debt charges | 650 | €81,705 | - | -€81,705 | |
| Other financial charges | 652/9 | €2,171 | - | -€2,171 | |
| Non-recurring financial charges | 66B | €27,480 | - | -€27,480 | |
| Profit (loss) for the period before taxes | 9903 | €298,859 | -€532,290 | -€831,148 | |
| Income taxes | 67/77 | €77,530 | -€8,628 | -€86,157 | |
| Taxes | 670/3 | €91,132 | - | -€91,132 | |
| Tax adjustments and reversals of tax provisions | 77 | €13,603 | - | -€13,603 | |
| Profit (loss) for the period | 9904 | €221,329 | -€523,662 | -€744,991 | |
| Transfer from tax-exempt reserves | 789 | - | €21,050 | +€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €221,329 | -€502,612 | -€723,941 |
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 1 October 2026 via checked.be.