ICARE: 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.
ICARE
Largest movements
- Cash -€193,998
down €193,998 (-92.0%), from €210,807 to €16,809
mainly Receivables within one year (-€176,556) and Debts after one year (-€59,098)
- Receivables within one year +€176,556
up €176,556 (+2908.8%), from €6,070 to €182,626
of which Other amounts receivable: +€163,760
- Financial fixed assets -€35,742
down €35,742 (-2.4%), from €1.5m to €1.4m
- Debts after one year -€59,098
down €59,098 (-14.3%), from €414,235 to €355,137
of which Financial debts: -€55,050
- Other debts -€47,983
down €47,983 (-45.5%), from €105,485 to €57,502
- Gross operating margin -€85,227
down €85,227 (-38.7%), from €220,203 to €134,975
- Financial charges +€68,673
up €68,673 (+136.3%), from €50,396 to €119,068
- Taxes -€26,179
down €26,179 (-72.9%), from €35,930 to €9,751
- Financial income +€8,574
up €8,574 (+2474.3%), from €347 to €8,920
- Depreciation -€4,074
down €4,074 (-13.4%), from €30,376 to €26,302
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,129,012 | €3,052,951 | -€76,061 | -2.4% |
| Fixed assets | 21/28 | €2,912,110 | €2,852,936 | -€59,174 | -2.0% |
| Tangible fixed assets | 22/27 | €1,439,466 | €1,416,034 | -€23,432 | -1.6% |
| Land and buildings | 22 | €1,364,466 | €1,338,763 | -€25,703 | -1.9% |
| Plant, machinery and equipment | 23 | €75,000 | €77,271 | +€2,271 | +3.0% |
| Financial fixed assets | 28 | €1,472,644 | €1,436,902 | -€35,742 | -2.4% |
| Current assets | 29/58 | €216,901 | €200,015 | -€16,886 | -7.8% |
| Amounts receivable within one year | 40/41 | €6,070 | €182,626 | +€176,556 | +2908.8% |
| Trade receivables | 40 | €6,070 | €18,866 | +€12,796 | +210.8% |
| Other amounts receivable | 41 | - | €163,760 | +€163,760 | |
| Cash at bank and in hand | 54/58 | €210,807 | €16,809 | -€193,998 | -92.0% |
| Deferred charges and accrued income | 490/1 | €25 | €580 | +€555 | +2219.6% |
| Total equity and liabilities | 10/49 | €3,129,012 | €3,052,951 | -€76,061 | -2.4% |
| Equity | 10/15 | €1,662,623 | €1,654,850 | -€7,772 | -0.5% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Revaluation surpluses | 12 | €615,765 | €615,765 | = | 0.0% |
| Reserves | 13 | €94,842 | €75,666 | -€19,176 | -20.2% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,263 | €26,087 | -€19,176 | -42.4% |
| Profit (loss) carried forward | 14 | €456,229 | €467,632 | +€11,404 | +2.5% |
| Provisions and deferred taxes | 16 | €24,426 | €14,122 | -€10,305 | -42.2% |
| Deferred taxes | 168 | €24,426 | €14,122 | -€10,305 | -42.2% |
| Amounts payable | 17/49 | €1,441,963 | €1,383,980 | -€57,983 | -4.0% |
| Amounts payable after more than one year | 17 | €414,235 | €355,137 | -€59,098 | -14.3% |
| Financial debts | 170/4 | €328,179 | €273,129 | -€55,050 | -16.8% |
| Other amounts payable | 178/9 | €86,056 | €82,008 | -€4,048 | -4.7% |
| Amounts payable within one year | 42/48 | €1,022,091 | €1,027,959 | +€5,868 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €55,421 | €56,614 | +€1,193 | +2.2% |
| Financial debts | 43 | €700,000 | €724,212 | +€24,212 | +3.5% |
| Credit institutions | 430/8 | €700,000 | €724,212 | +€24,212 | +3.5% |
| Trade debts | 44 | €157,306 | €183,661 | +€26,355 | +16.8% |
| Suppliers | 440/4 | €157,306 | €183,661 | +€26,355 | +16.8% |
| Taxes, remuneration and social security | 45 | €3,880 | €5,971 | +€2,091 | +53.9% |
| Taxes | 450/3 | €3,880 | €5,971 | +€2,091 | +53.9% |
| Other amounts payable | 47/48 | €105,485 | €57,502 | -€47,983 | -45.5% |
| Accrued charges and deferred income | 492/3 | €5,637 | €883 | -€4,753 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,376 | €26,302 | -€4,074 | -13.4% |
| Other operating charges | 640/8 | €5,770 | €6,852 | +€1,082 | +18.7% |
| Gross operating margin | 9900 | €220,203 | €134,975 | -€85,227 | -38.7% |
| Operating profit (loss) | 9901 | €184,057 | €101,822 | -€82,235 | -44.7% |
| Financial income | 75/76B | €347 | €8,920 | +€8,574 | +2474.3% |
| Recurring financial income | 75 | €347 | €8,920 | +€8,574 | +2474.3% |
| Financial charges | 65/66B | €50,396 | €119,068 | +€68,673 | +136.3% |
| Recurring financial charges | 65 | €50,396 | €119,068 | +€68,673 | +136.3% |
| Profit (loss) for the period before taxes | 9903 | €134,008 | -€8,326 | -€142,334 | |
| Transfer from deferred taxes | 780 | €10,305 | €10,305 | = | 0.0% |
| Income taxes | 67/77 | €35,930 | €9,751 | -€26,179 | -72.9% |
| Profit (loss) for the period | 9904 | €108,382 | -€7,772 | -€116,155 | |
| Transfer from tax-exempt reserves | 789 | €19,176 | €19,176 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,558 | €11,404 | -€116,155 | -91.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.