ICARE ETC: 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.
ICARE ETC
Largest movements
- Receivables within one year -€2,253
down €2,253 (-55.0%), from €4,095 to €1,842
of which Trade receivables: -€2,346
- Stocks and contracts -€2,081
down €2,081 (-10.0%), from €20,707 to €18,627
- Intangible fixed assets +€925
up €925 (+7.9%), from €11,651 to €12,577
- Profit (loss) carried forward -€15,613
down €15,613 (-266%), from -€5,870 to -€21,483
- Other debts +€7,895
up €7,895 (+19.2%), from €41,030 to €48,926
- Trade debts +€5,258
up €5,258 (+1,230%), from €427 to €5,685
- Tax, wage and social debts -€1,209
down €1,209 (-89.3%), from €1,354 to €145
- Gross operating margin -€4,425
down €4,425 (-68.7%), from -€6,444 to -€10,869
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 | €45,002 | €41,334 | -€3,668 | -8.2% |
| Fixed assets | 21/28 | €19,505 | €20,501 | +€996 | +5.1% |
| Intangible fixed assets | 21 | €11,651 | €12,577 | +€925 | +7.9% |
| Tangible fixed assets | 22/27 | €7,854 | €7,925 | +€71 | +0.9% |
| Furniture and vehicles | 24 | €2,916 | €3,680 | +€764 | +26.2% |
| Other tangible fixed assets | 26 | €4,937 | €4,244 | -€693 | -14.0% |
| Current assets | 29/58 | €25,497 | €20,833 | -€4,664 | -18.3% |
| Stocks and contracts in progress | 3 | €20,707 | €18,627 | -€2,081 | -10.0% |
| Stocks | 30/36 | €20,707 | €18,627 | -€2,081 | -10.0% |
| Amounts receivable within one year | 40/41 | €4,095 | €1,842 | -€2,253 | -55.0% |
| Trade receivables | 40 | €4,095 | €1,749 | -€2,346 | -57.3% |
| Other amounts receivable | 41 | - | €93 | +€93 | |
| Cash at bank and in hand | 54/58 | €694 | €364 | -€330 | -47.6% |
| Total equity and liabilities | 10/49 | €45,002 | €41,334 | -€3,668 | -8.2% |
| Equity | 10/15 | €2,190 | -€13,423 | -€15,613 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,870 | -€21,483 | -€15,613 | -266% |
| Amounts payable | 17/49 | €42,812 | €54,757 | +€11,945 | +27.9% |
| Amounts payable within one year | 42/48 | €42,812 | €54,757 | +€11,945 | +27.9% |
| Trade debts | 44 | €427 | €5,685 | +€5,258 | +1,230% |
| Suppliers | 440/4 | €427 | €5,685 | +€5,258 | +1,230% |
| Taxes, remuneration and social security | 45 | €1,354 | €145 | -€1,209 | -89.3% |
| Taxes | 450/3 | €1,354 | €145 | -€1,209 | -89.3% |
| Other amounts payable | 47/48 | €41,030 | €48,926 | +€7,895 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,221 | €3,319 | +€98 | +3.0% |
| Other operating charges | 640/8 | €896 | €916 | +€20 | +2.2% |
| Gross operating margin | 9900 | -€6,444 | -€10,869 | -€4,425 | -68.7% |
| Operating profit (loss) | 9901 | -€10,560 | -€15,103 | -€4,543 | -43.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €397 | €364 | -€33 | -8.3% |
| Recurring financial charges | 65 | €397 | €364 | -€33 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,957 | -€15,467 | -€4,510 | -41.2% |
| Income taxes | 67/77 | €225 | €145 | -€80 | -35.4% |
| Profit (loss) for the period | 9904 | -€11,182 | -€15,613 | -€4,431 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,182 | -€15,613 | -€4,431 | -39.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.