ICARE-SOFT: 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-SOFT
Largest movements
- Cash +€367,886
up €367,886 (+17.4%), from €2.1m to €2.5m
mainly Net result for the year (+€446,705) and Tax, wage and social debts (+€95,824)
- Receivables within one year +€207,142
up €207,142 (+61.3%), from €337,936 to €545,078
of which Trade receivables: +€198,701
- Reserves +€372,916
up €372,916 (+12.5%), from €3.0m to €3.3m
of which Distributable reserves: +€461,916
- Tax, wage and social debts +€95,824
up €95,824 (+98.8%), from €96,949 to €192,772
of which Taxes: +€85,642
- Other debts +€70,000
new in 2024: €70,000
- Staff costs -€42,960
down €42,960 (-16.4%), from €261,791 to €218,831
- Taxes +€39,370
up €39,370 (+22.5%), from €175,304 to €214,674
- Gross operating margin +€18,225
up €18,225 (+2.1%), from €859,003 to €877,228
- Depreciation -€14,518
down €14,518 (-43.0%), from €33,726 to €19,208
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.
Derived cash bridge
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 | €3,524,725 | €4,091,138 | +€566,413 | +16.1% |
| Fixed assets | 21/28 | €158,596 | €153,870 | -€4,726 | -3.0% |
| Tangible fixed assets | 22/27 | €158,596 | €153,870 | -€4,726 | -3.0% |
| Land and buildings | 22 | €150,370 | €139,630 | -€10,741 | -7.1% |
| Plant, machinery and equipment | 23 | - | €14,240 | +€14,240 | |
| Furniture and vehicles | 24 | €8,226 | - | -€8,226 | |
| Current assets | 29/58 | €3,366,129 | €3,937,268 | +€571,139 | +17.0% |
| Amounts receivable within one year | 40/41 | €337,936 | €545,078 | +€207,142 | +61.3% |
| Trade receivables | 40 | €337,936 | €536,636 | +€198,701 | +58.8% |
| Other amounts receivable | 41 | - | €8,441 | +€8,441 | |
| Current investments | 50/53 | €909,453 | €904,986 | -€4,468 | -0.5% |
| Cash at bank and in hand | 54/58 | €2,115,332 | €2,483,218 | +€367,886 | +17.4% |
| Deferred charges and accrued income | 490/1 | €3,408 | €3,987 | +€579 | +17.0% |
| Total equity and liabilities | 10/49 | €3,524,725 | €4,091,138 | +€566,413 | +16.1% |
| Equity | 10/15 | €3,379,107 | €3,752,127 | +€373,021 | +11.0% |
| Contributions | 10/11 | €76,302 | €76,302 | = | 0.0% |
| Capital | 10 | €76,302 | €76,302 | = | 0.0% |
| Issued capital | 100 | €76,302 | €76,302 | = | 0.0% |
| Reserves | 13 | €2,976,690 | €3,349,605 | +€372,916 | +12.5% |
| Non-distributable reserves | 130/1 | €7,630 | €7,630 | = | 0.0% |
| Legal reserve | 130 | €7,630 | €7,630 | = | 0.0% |
| Tax-exempt reserves | 132 | €637,850 | €548,850 | -€89,000 | -14.0% |
| Distributable reserves | 133 | €2,331,209 | €2,793,125 | +€461,916 | +19.8% |
| Profit (loss) carried forward | 14 | €326,115 | €326,220 | +€105 | 0.0% |
| Amounts payable | 17/49 | €145,618 | €339,010 | +€193,392 | +133% |
| Amounts payable after more than one year | 17 | €9,804 | €9,103 | -€700 | -7.1% |
| Financial debts | 170/4 | €9,804 | €9,103 | -€700 | -7.1% |
| Amounts payable within one year | 42/48 | €135,719 | €329,640 | +€193,920 | +143% |
| Current portion of amounts payable after more than one year | 42 | €700 | €700 | = | 0.0% |
| Trade debts | 44 | €38,070 | €66,167 | +€28,097 | +73.8% |
| Suppliers | 440/4 | €38,070 | €66,167 | +€28,097 | +73.8% |
| Taxes, remuneration and social security | 45 | €96,949 | €192,772 | +€95,824 | +98.8% |
| Taxes | 450/3 | €69,180 | €154,822 | +€85,642 | +124% |
| Remuneration and social security | 454/9 | €27,769 | €37,950 | +€10,181 | +36.7% |
| Other amounts payable | 47/48 | - | €70,000 | +€70,000 | |
| Accrued charges and deferred income | 492/3 | €95 | €267 | +€172 | +181% |
| Remuneration, social security and pensions | 62 | €261,791 | €218,831 | -€42,960 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,726 | €19,208 | -€14,518 | -43.0% |
| Other operating charges | 640/8 | €3,922 | €3,966 | +€44 | +1.1% |
| Gross operating margin | 9900 | €859,003 | €877,228 | +€18,225 | +2.1% |
| Operating profit (loss) | 9901 | €559,565 | €635,224 | +€75,659 | +13.5% |
| Financial income | 75/76B | €37,733 | €43,506 | +€5,772 | +15.3% |
| Recurring financial income | 75 | €37,733 | €43,506 | +€5,772 | +15.3% |
| Financial charges | 65/66B | €17,665 | €17,350 | -€314 | -1.8% |
| Recurring financial charges | 65 | €17,665 | €17,350 | -€314 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €579,633 | €661,379 | +€81,746 | +14.1% |
| Income taxes | 67/77 | €175,304 | €214,674 | +€39,370 | +22.5% |
| Profit (loss) for the period | 9904 | €404,329 | €446,705 | +€42,376 | +10.5% |
| Transfer from tax-exempt reserves | 789 | €35,600 | €257,400 | +€221,800 | +623% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €168,400 | +€84,200 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €355,729 | €535,705 | +€179,976 | +50.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.