ICARE, Information and Computer Aided Re-engineering: 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, Information and Computer Aided Re-engineering
Largest movements
- Current investments +€435,735
up €435,735 (+39.7%), from €1.1m to €1.5m
- Tangible fixed assets -€133,281
down €133,281 (-13.8%), from €962,874 to €829,594
of which Land and buildings: -€127,599
- Receivables within one year -€71,830
down €71,830 (-96.1%), from €74,707 to €2,877
of which Other amounts receivable: -€74,080
- Cash -€26,444
down €26,444 (-40.3%), from €65,594 to €39,151
mainly Current investments (-€435,735) and Other debts (-€17,407)
- Reserves +€195,522
up €195,522 (+10.2%), from €1.9m to €2.1m
of which Distributable reserves: +€195,522
- Tax, wage and social debts +€32,944
up €32,944 (+627,499%), from €5 to €32,949
- Gross operating margin +€266,059
up €266,059 (+773%), from €34,415 to €300,473
- Taxes +€54,401
up €54,401 (+330%), from €16,504 to €70,905
- Financial charges -€25,756
down €25,756 (-88.3%), from €29,155 to €3,399
- Depreciation -€9,357
down €9,357 (-30.5%), from €30,676 to €21,318
- Other operating charges -€6,151
down €6,151 (-72.4%), from €8,501 to €2,350
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 | €2,204,022 | €2,408,339 | +€204,317 | +9.3% |
| Fixed assets | 21/28 | €964,869 | €831,588 | -€133,281 | -13.8% |
| Tangible fixed assets | 22/27 | €962,874 | €829,594 | -€133,281 | -13.8% |
| Land and buildings | 22 | €954,771 | €827,172 | -€127,599 | -13.4% |
| Plant, machinery and equipment | 23 | €424 | €259 | -€165 | -38.9% |
| Furniture and vehicles | 24 | €7,679 | €2,163 | -€5,517 | -71.8% |
| Financial fixed assets | 28 | €1,994 | €1,994 | = | 0.0% |
| Current assets | 29/58 | €1,239,153 | €1,576,751 | +€337,598 | +27.2% |
| Amounts receivable within one year | 40/41 | €74,707 | €2,877 | -€71,830 | -96.1% |
| Trade receivables | 40 | €627 | €2,877 | +€2,249 | +359% |
| Other amounts receivable | 41 | €74,080 | - | -€74,080 | |
| Current investments | 50/53 | €1,098,457 | €1,534,192 | +€435,735 | +39.7% |
| Cash at bank and in hand | 54/58 | €65,594 | €39,151 | -€26,444 | -40.3% |
| Deferred charges and accrued income | 490/1 | €395 | €531 | +€136 | +34.5% |
| Total equity and liabilities | 10/49 | €2,204,022 | €2,408,339 | +€204,317 | +9.3% |
| Equity | 10/15 | €2,114,286 | €2,309,808 | +€195,522 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,911,899 | €2,107,421 | +€195,522 | +10.2% |
| Non-distributable reserves | 130/1 | €129,145 | €129,145 | = | 0.0% |
| Reserves not available under the articles | 1311 | €129,145 | €129,145 | = | 0.0% |
| Tax-exempt reserves | 132 | €188,188 | €188,188 | = | 0.0% |
| Distributable reserves | 133 | €1,594,566 | €1,790,088 | +€195,522 | +12.3% |
| Profit (loss) carried forward | 14 | €183,787 | €183,787 | = | 0.0% |
| Provisions and deferred taxes | 16 | €33,755 | €33,755 | = | 0.0% |
| Deferred taxes | 168 | €33,755 | €33,755 | = | 0.0% |
| Amounts payable | 17/49 | €55,981 | €64,776 | +€8,795 | +15.7% |
| Amounts payable within one year | 42/48 | €53,784 | €64,776 | +€10,992 | +20.4% |
| Trade debts | 44 | €13,668 | €9,123 | -€4,545 | -33.3% |
| Suppliers | 440/4 | €13,668 | €9,123 | -€4,545 | -33.3% |
| Taxes, remuneration and social security | 45 | €5 | €32,949 | +€32,944 | +627,499% |
| Taxes | 450/3 | €5 | €32,949 | +€32,944 | +627,499% |
| Other amounts payable | 47/48 | €40,110 | €22,704 | -€17,407 | -43.4% |
| Accrued charges and deferred income | 492/3 | €2,197 | - | -€2,197 | |
| Non-recurring operating income | 76A | €15,850 | €318,653 | +€302,803 | +1,910% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,676 | €21,318 | -€9,357 | -30.5% |
| Other operating charges | 640/8 | €8,501 | €2,350 | -€6,151 | -72.4% |
| Non-recurring operating charges | 66A | - | €23,755 | +€23,755 | |
| Gross operating margin | 9900 | €34,415 | €300,473 | +€266,059 | +773% |
| Operating profit (loss) | 9901 | -€4,762 | €253,050 | +€257,811 | |
| Financial income | 75/76B | €22,443 | €16,777 | -€5,667 | -25.2% |
| Recurring financial income | 75 | €22,443 | €16,777 | -€5,667 | -25.2% |
| Financial charges | 65/66B | €29,155 | €3,399 | -€25,756 | -88.3% |
| Recurring financial charges | 65 | €29,155 | €3,399 | -€25,756 | -88.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,473 | €266,427 | +€277,900 | |
| Transfer from deferred taxes | 780 | €65,379 | - | -€65,379 | |
| Income taxes | 67/77 | €16,504 | €70,905 | +€54,401 | +330% |
| Profit (loss) for the period | 9904 | €37,402 | €195,522 | +€158,120 | +423% |
| Transfer from tax-exempt reserves | 789 | €240,367 | - | -€240,367 | |
| Profit (loss) for the period to be appropriated | 9905 | €277,768 | €195,522 | -€82,246 | -29.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.