Icarus Car Retail Services: what changed
What changed
Icarus Car Retail Services
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€978,535
2024 · €171,980+€806,555
Equity
€1.4m
2024 · €1.4m-€21,465
Cash
€1.6m
2024 · €1.1m+€426,757
Balance sheet total
€2.7m
2024 · €1.5m+€1.2m
Largest movements
Assets
- Cash +€426,757
up €426,757 (+37.1%), from €1.1m to €1.6m
mainly Net result for the year (+€978,535) and Other debts (+€831,250)
- Receivables within one year +€397,742
up €397,742 (+320%), from €124,455 to €522,197
of which Trade receivables: +€342,411
- Stocks and contracts +€341,783
up €341,783 (+184%), from €185,650 to €527,434
Equity and liabilities
- Other debts +€831,250
new in 2025: €831,250
- Tax, wage and social debts +€383,965
up €383,965 (+1,569%), from €24,466 to €408,432
Income statement
- Gross operating margin +€1.1m
up €1.1m (+408%), from €266,355 to €1.4m
- Taxes +€284,195
up €284,195 (+431%), from €65,962 to €350,156
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.
Result 2024
€171,980
Gross operating margin
+€1.1m
Depreciation
+€1,010
Other operating charges
+€3,939
Financial income
+€29
Financial charges
-€954
Taxes
-€284,195
Result 2025
€978,535
raises the resultlowers the result
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.
From operations
+€1.4m
Investment
-€14,271
Financing
-€1.0m
Cash 2024
€1.1m
From operations (derived)
+€1.4m
Net result for the year
+€978,535
Depreciation
+€3,613
Stocks and contracts
-€341,783
Receivables within one year
-€397,742
Deferred charges and accrued income
+€3,342
Trade debts
-€20,152
Tax, wage and social debts
+€383,965
Other debts
+€831,250
Investment (derived)
-€14,271
Investment in fixed assets (net)
-€1,365
Current investments
-€12,906
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,509,026 | €2,682,624 | +€1.2m | +77.8% |
| Fixed assets | 21/28 | €5,846 | €3,598 | -€2,248 | -38.5% |
| Tangible fixed assets | 22/27 | €5,746 | €3,498 | -€2,248 | -39.1% |
| Plant, machinery and equipment | 23 | €215 | €1,099 | +€884 | +411% |
| Furniture and vehicles | 24 | €3,226 | €1,362 | -€1,864 | -57.8% |
| Other tangible fixed assets | 26 | €2,305 | €1,037 | -€1,268 | -55.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,503,179 | €2,679,026 | +€1.2m | +78.2% |
| Stocks and contracts in progress | 3 | €185,650 | €527,434 | +€341,783 | +184% |
| Stocks | 30/36 | €185,650 | €527,434 | +€341,783 | +184% |
| Amounts receivable within one year | 40/41 | €124,455 | €522,197 | +€397,742 | +320% |
| Trade receivables | 40 | €124,450 | €466,861 | +€342,411 | +275% |
| Other amounts receivable | 41 | €5 | €55,336 | +€55,331 | +1,030,367% |
| Current investments | 50/53 | €26,119 | €39,025 | +€12,906 | +49.4% |
| Cash at bank and in hand | 54/58 | €1,148,988 | €1,575,744 | +€426,757 | +37.1% |
| Deferred charges and accrued income | 490/1 | €17,967 | €14,625 | -€3,342 | -18.6% |
| Total equity and liabilities | 10/49 | €1,509,026 | €2,682,624 | +€1.2m | +77.8% |
| Equity | 10/15 | €1,416,442 | €1,394,977 | -€21,465 | -1.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,348,792 | €1,327,327 | -€21,465 | -1.6% |
| Amounts payable | 17/49 | €92,584 | €1,287,648 | +€1.2m | +1,291% |
| Amounts payable within one year | 42/48 | €92,584 | €1,287,648 | +€1.2m | +1,291% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €68,118 | €47,966 | -€20,152 | -29.6% |
| Suppliers | 440/4 | €68,118 | €47,966 | -€20,152 | -29.6% |
| Taxes, remuneration and social security | 45 | €24,466 | €408,432 | +€383,965 | +1,569% |
| Taxes | 450/3 | €24,466 | €408,432 | +€383,965 | +1,569% |
| Other amounts payable | 47/48 | - | €831,250 | +€831,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,623 | €3,613 | -€1,010 | -21.9% |
| Other operating charges | 640/8 | €8,165 | €4,225 | -€3,939 | -48.2% |
| Gross operating margin | 9900 | €266,355 | €1,353,080 | +€1.1m | +408% |
| Operating profit (loss) | 9901 | €253,567 | €1,345,241 | +€1.1m | +431% |
| Financial income | 75/76B | €23 | €52 | +€29 | +128% |
| Recurring financial income | 75 | €23 | €52 | +€29 | +128% |
| Financial charges | 65/66B | €15,647 | €16,601 | +€954 | +6.1% |
| Recurring financial charges | 65 | €15,647 | €16,601 | +€954 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €237,942 | €1,328,691 | +€1.1m | +458% |
| Income taxes | 67/77 | €65,962 | €350,156 | +€284,195 | +431% |
| Profit (loss) for the period | 9904 | €171,980 | €978,535 | +€806,555 | +469% |
| Profit (loss) for the period to be appropriated | 9905 | €171,980 | €978,535 | +€806,555 | +469% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.