ICARIS: 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.
ICARIS
Largest movements
- Receivables after one year -€190,000
down €190,000 (-100.0%), from €190,000 to €0
- Cash +€69,946
up €69,946 (+150.6%), from €46,442 to €116,388
mainly Receivables after one year (+€190,000) and Other debts (+€110,108)
- Tangible fixed assets +€60,258
up €60,258 (+1749.5%), from €3,444 to €63,702
of which Furniture and vehicles: +€58,383
- Financial fixed assets +€30,750
up €30,750 (+17.1%), from €180,000 to €210,750
- Receivables within one year -€30,016
down €30,016 (-13.8%), from €217,623 to €187,608
of which Other amounts receivable: -€107,862
- Profit (loss) carried forward -€181,850
down €181,850 (-38.7%), from €469,601 to €287,751
- Other debts +€110,108
up €110,108 (+244.7%), from €45,000 to €155,108
- Debts after one year +€40,842
new in 2024: €40,842
- Tax, wage and social debts -€38,678
down €38,678 (-43.6%), from €88,771 to €50,093
of which Taxes: -€39,934
- Short-term financial debts -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Gross operating margin -€191,613
down €191,613 (-58.0%), from €330,258 to €138,645
- Taxes -€58,536
down €58,536 (-94.1%), from €62,228 to €3,692
- Staff costs +€38,586
up €38,586 (+60.5%), from €63,823 to €102,409
- Depreciation +€7,975
up €7,975 (+100.2%), from €7,962 to €15,937
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.
Cash bridge derived
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 | €655,726 | €600,177 | -€55,550 | -8.5% |
| Fixed assets | 21/28 | €197,945 | €284,741 | +€86,796 | +43.8% |
| Intangible fixed assets | 21 | €14,501 | €10,289 | -€4,212 | -29.0% |
| Tangible fixed assets | 22/27 | €3,444 | €63,702 | +€60,258 | +1749.5% |
| Plant, machinery and equipment | 23 | - | €1,874 | +€1,874 | |
| Furniture and vehicles | 24 | €3,444 | €61,827 | +€58,383 | +1695.1% |
| Financial fixed assets | 28 | €180,000 | €210,750 | +€30,750 | +17.1% |
| Current assets | 29/58 | €457,782 | €315,436 | -€142,345 | -31.1% |
| Amounts receivable after more than one year | 29 | €190,000 | €0 | -€190,000 | -100.0% |
| Other amounts receivable | 291 | €190,000 | €0 | -€190,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €217,623 | €187,608 | -€30,016 | -13.8% |
| Trade receivables | 40 | €104,212 | €182,058 | +€77,846 | +74.7% |
| Other amounts receivable | 41 | €113,411 | €5,549 | -€107,862 | -95.1% |
| Cash at bank and in hand | 54/58 | €46,442 | €116,388 | +€69,946 | +150.6% |
| Deferred charges and accrued income | 490/1 | €3,716 | €11,440 | +€7,725 | +207.9% |
| Total equity and liabilities | 10/49 | €655,726 | €600,177 | -€55,550 | -8.5% |
| Equity | 10/15 | €470,601 | €288,751 | -€181,850 | -38.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €469,601 | €287,751 | -€181,850 | -38.7% |
| Amounts payable | 17/49 | €185,126 | €311,426 | +€126,300 | +68.2% |
| Amounts payable after more than one year | 17 | - | €40,842 | +€40,842 | |
| Financial debts | 170/4 | - | €40,842 | +€40,842 | |
| Amounts payable within one year | 42/48 | €185,126 | €270,584 | +€85,458 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | - | €14,268 | +€14,268 | |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100.0% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100.0% |
| Trade debts | 44 | €26,355 | €51,115 | +€24,760 | +93.9% |
| Suppliers | 440/4 | €26,355 | €51,115 | +€24,760 | +93.9% |
| Taxes, remuneration and social security | 45 | €88,771 | €50,093 | -€38,678 | -43.6% |
| Taxes | 450/3 | €72,324 | €32,390 | -€39,934 | -55.2% |
| Remuneration and social security | 454/9 | €16,448 | €17,703 | +€1,256 | +7.6% |
| Other amounts payable | 47/48 | €45,000 | €155,108 | +€110,108 | +244.7% |
| Remuneration, social security and pensions | 62 | €63,823 | €102,409 | +€38,586 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,962 | €15,937 | +€7,975 | +100.2% |
| Other operating charges | 640/8 | €660 | €1,316 | +€657 | +99.5% |
| Gross operating margin | 9900 | €330,258 | €138,645 | -€191,613 | -58.0% |
| Operating profit (loss) | 9901 | €257,814 | €18,983 | -€238,831 | -92.6% |
| Financial income | 75/76B | €3,336 | €3,824 | +€488 | +14.6% |
| Recurring financial income | 75 | €3,336 | €3,824 | +€488 | +14.6% |
| Financial charges | 65/66B | €783 | €965 | +€182 | +23.3% |
| Recurring financial charges | 65 | €783 | €965 | +€182 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €260,367 | €21,842 | -€238,525 | -91.6% |
| Income taxes | 67/77 | €62,228 | €3,692 | -€58,536 | -94.1% |
| Profit (loss) for the period | 9904 | €198,139 | €18,150 | -€179,989 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €198,139 | €18,150 | -€179,989 | -90.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.