Icarios: 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.
Icarios
Largest movements
- Current assets +€1.0m
up €1.0m (+756%), from €137,936 to €1.2m
of which Cash: +€1.0m
- Equity +€1.0m
up €1.0m (+197%), from €511,572 to €1.5m
of which Reserves: +€1.0m
- Taxes +€103,011
up €103,011 (+874%), from €11,790 to €114,801
- Depreciation -€63,884
down €63,884 (-71.5%), from €89,388 to €25,505
- Gross operating margin -€25,997
down €25,997 (-23.5%), from €110,762 to €84,765
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,398,026 | €2,427,979 | +€1.0m | +73.7% |
| Fixed assets | 21/28 | €1,260,090 | €1,246,833 | -€13,257 | -1.1% |
| Tangible fixed assets | 22/27 | €760,090 | €746,833 | -€13,257 | -1.7% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €137,936 | €1,181,146 | +€1.0m | +756% |
| Amounts receivable within one year | 40/41 | €28,277 | €60,880 | +€32,603 | +115% |
| Cash at bank and in hand | 54/58 | €107,391 | €1,117,755 | +€1.0m | +941% |
| Total equity and liabilities | 10/49 | €1,398,026 | €2,427,979 | +€1.0m | +73.7% |
| Equity | 10/15 | €511,572 | €1,518,536 | +€1.0m | +197% |
| Contributions | 10/11 | €306,200 | - | -€306,200 | |
| Reserves | 13 | €205,300 | €1,212,263 | +€1.0m | +490% |
| Profit (loss) carried forward | 14 | €73 | €73 | = | 0.0% |
| Amounts payable | 17/49 | €886,453 | €909,443 | +€22,990 | +2.6% |
| Amounts payable after more than one year | 17 | €796,278 | €734,560 | -€61,718 | -7.8% |
| Amounts payable within one year | 42/48 | €88,521 | €172,208 | +€83,687 | +94.5% |
| Trade debts | 44 | €2,258 | €829 | -€1,430 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,388 | €25,505 | -€63,884 | -71.5% |
| Gross operating margin | 9900 | €110,762 | €84,765 | -€25,997 | -23.5% |
| Operating profit (loss) | 9901 | €19,080 | €58,301 | +€39,221 | +206% |
| Recurring financial income | 75 | €72,000 | €1,080,000 | +€1.0m | +1,400% |
| Recurring financial charges | 65 | €6,486 | €15,724 | +€9,239 | +142% |
| Profit (loss) for the period before taxes | 9903 | €84,594 | €1,122,577 | +€1.0m | +1,227% |
| Income taxes | 67/77 | €11,790 | €114,801 | +€103,011 | +874% |
| Profit (loss) for the period | 9904 | €72,804 | €1,007,776 | +€934,971 | +1,284% |
| Profit (loss) for the period to be appropriated | 9905 | €72,804 | €1,007,776 | +€934,971 | +1,284% |
Source: filed annual accounts (NBB), financial years ended 31 March 2019 and 31 March 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.