ICARE - Gestion locative: what changed
ICARE - Gestion locative
Largest movements
- Receivables within one year +€27,475
up €27,475 (+387%), from €7,101 to €34,577
of which Trade receivables: +€27,475
- Tangible fixed assets -€6,408
down €6,408 (-27.2%), from €23,572 to €17,163
of which Furniture and vehicles: -€6,185
- Cash +€4,128
up €4,128 (+35.3%), from €11,688 to €15,816
mainly Net result for the year (+€21,746) and Depreciation (+€7,400)
- Intangible fixed assets -€992
down €992 (-62.6%), from €1,584 to €592
- Profit (loss) carried forward +€14,165
no longer reported in 2025 (was -€14,165)
- Reserves +€7,581
up €7,581 (+63.4%), from €11,966 to €19,548
of which Distributable reserves: +€7,581
- Tax, wage and social debts +€1,835
up €1,835 (+20.3%), from €9,020 to €10,855
of which Taxes: +€2,795
- Trade debts +€1,390
up €1,390 (+17.1%), from €8,135 to €9,525
- Other debts -€768
down €768 (-7.4%), from €10,440 to €9,672
- Staff costs -€23,159
down €23,159 (-55.2%), from €41,951 to €18,792
- Gross operating margin +€11,579
up €11,579 (+26.3%), from €44,001 to €55,580
- Taxes +€6,529
new in 2025: €6,529
- Depreciation +€1,325
up €1,325 (+21.8%), from €6,075 to €7,400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,996 | €68,199 | +€24,203 | +55.0% |
| Fixed assets | 21/28 | €25,207 | €17,807 | -€7,400 | -29.4% |
| Intangible fixed assets | 21 | €1,584 | €592 | -€992 | -62.6% |
| Tangible fixed assets | 22/27 | €23,572 | €17,163 | -€6,408 | -27.2% |
| Land and buildings | 22 | €1,114 | €891 | -€223 | -20.0% |
| Furniture and vehicles | 24 | €22,457 | €16,272 | -€6,185 | -27.5% |
| Financial fixed assets | 28 | €51 | €51 | = | 0.0% |
| Current assets | 29/58 | €18,790 | €50,393 | +€31,603 | +168% |
| Amounts receivable within one year | 40/41 | €7,101 | €34,577 | +€27,475 | +387% |
| Trade receivables | 40 | €2,101 | €29,577 | +€27,475 | +1,308% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,688 | €15,816 | +€4,128 | +35.3% |
| Total equity and liabilities | 10/49 | €43,996 | €68,199 | +€24,203 | +55.0% |
| Equity | 10/15 | €16,401 | €38,148 | +€21,746 | +133% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,966 | €19,548 | +€7,581 | +63.4% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €11,346 | €18,928 | +€7,581 | +66.8% |
| Profit (loss) carried forward | 14 | -€14,165 | - | +€14,165 | |
| Amounts payable | 17/49 | €27,595 | €30,052 | +€2,457 | +8.9% |
| Amounts payable within one year | 42/48 | €27,595 | €30,052 | +€2,457 | +8.9% |
| Trade debts | 44 | €8,135 | €9,525 | +€1,390 | +17.1% |
| Suppliers | 440/4 | €8,135 | €9,525 | +€1,390 | +17.1% |
| Taxes, remuneration and social security | 45 | €9,020 | €10,855 | +€1,835 | +20.3% |
| Taxes | 450/3 | €7,937 | €10,732 | +€2,795 | +35.2% |
| Remuneration and social security | 454/9 | €1,082 | €123 | -€960 | -88.7% |
| Other amounts payable | 47/48 | €10,440 | €9,672 | -€768 | -7.4% |
| Remuneration, social security and pensions | 62 | €41,951 | €18,792 | -€23,159 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,075 | €7,400 | +€1,325 | +21.8% |
| Other operating charges | 640/8 | €607 | €620 | +€12 | +2.0% |
| Non-recurring operating charges | 66A | €0 | €396 | +€396 | +3,962,900% |
| Gross operating margin | 9900 | €44,001 | €55,580 | +€11,579 | +26.3% |
| Operating profit (loss) | 9901 | -€4,633 | €28,372 | +€33,005 | |
| Financial income | 75/76B | €140 | - | -€140 | |
| Recurring financial income | 75 | €140 | - | -€140 | |
| Non-recurring financial income | 76B | €140 | - | -€140 | |
| Financial charges | 65/66B | €366 | €96 | -€270 | -73.8% |
| Recurring financial charges | 65 | €366 | €96 | -€270 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,859 | €28,276 | +€33,135 | |
| Income taxes | 67/77 | - | €6,529 | +€6,529 | |
| Profit (loss) for the period | 9904 | -€4,859 | €21,746 | +€26,605 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,859 | €21,746 | +€26,605 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.