ICAR ENGINEERING: 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.
ICAR ENGINEERING
Largest movements
- Receivables within one year +€89,857
up €89,857 (+187.1%), from €48,028 to €137,885
of which Other amounts receivable: +€62,810
- Cash -€2,232
down €2,232 (-32.4%), from €6,881 to €4,648
mainly Receivables within one year (-€89,857) and Other debts (-€24,179)
- Trade debts +€107,564
up €107,564 (+12872.8%), from €836 to €108,400
- Other debts -€24,179
no longer reported in 2025 (was €24,179)
- Tax, wage and social debts +€3,566
up €3,566 (+26.6%), from €13,389 to €16,956
- Gross operating margin -€11,378
down €11,378 (-93.4%), from €12,181 to €803
- Taxes -€2,902
down €2,902 (-88.5%), from €3,281 to €378
- Financial income +€198
up €198 (+28.0%), from €706 to €903
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 | €54,909 | €142,638 | +€87,730 | +159.8% |
| Current assets | 29/58 | €54,909 | €142,638 | +€87,730 | +159.8% |
| Amounts receivable within one year | 40/41 | €48,028 | €137,885 | +€89,857 | +187.1% |
| Trade receivables | 40 | €37,181 | €64,228 | +€27,047 | +72.7% |
| Other amounts receivable | 41 | €10,847 | €73,657 | +€62,810 | +579.1% |
| Cash at bank and in hand | 54/58 | €6,881 | €4,648 | -€2,232 | -32.4% |
| Deferred charges and accrued income | 490/1 | - | €105 | +€105 | |
| Total equity and liabilities | 10/49 | €54,909 | €142,638 | +€87,730 | +159.8% |
| Equity | 10/15 | €16,505 | €17,283 | +€778 | +4.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,505 | €13,283 | +€778 | +6.2% |
| Amounts payable | 17/49 | €38,404 | €125,356 | +€86,952 | +226.4% |
| Amounts payable within one year | 42/48 | €38,404 | €125,356 | +€86,952 | +226.4% |
| Trade debts | 44 | €836 | €108,400 | +€107,564 | +12872.8% |
| Suppliers | 440/4 | €836 | €108,400 | +€107,564 | +12872.8% |
| Taxes, remuneration and social security | 45 | €13,389 | €16,956 | +€3,566 | +26.6% |
| Taxes | 450/3 | €13,389 | €16,956 | +€3,566 | +26.6% |
| Other amounts payable | 47/48 | €24,179 | - | -€24,179 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €12,181 | €803 | -€11,378 | -93.4% |
| Operating profit (loss) | 9901 | €11,793 | €403 | -€11,390 | -96.6% |
| Financial income | 75/76B | €706 | €903 | +€198 | +28.0% |
| Recurring financial income | 75 | €706 | €903 | +€198 | +28.0% |
| Financial charges | 65/66B | €206 | €150 | -€56 | -27.2% |
| Recurring financial charges | 65 | €206 | €150 | -€56 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €12,293 | €1,157 | -€11,137 | -90.6% |
| Income taxes | 67/77 | €3,281 | €378 | -€2,902 | -88.5% |
| Profit (loss) for the period | 9904 | €9,012 | €778 | -€8,234 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,012 | €778 | -€8,234 | -91.4% |
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 28 September 2026 via checked.be.