Icarus Consultancy: what changed
Two fiscal 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.
Icarus Consultancy
Largest movements
- Tangible fixed assets -€767
down €767 (-57.1%), from €1,342 to €575
- Receivables within one year +€120
new in 2025: €120
- Deferred charges and accrued income +€114
up €114 (+37.3%), from €304 to €418
- Cash -€42
down €42 (-9.9%), from €421 to €380
mainly Debts after one year (-€5,900) and Tax, wage and social debts (-€350)
- Debts after one year -€5,900
down €5,900 (-21.3%), from €27,692 to €21,792
- Profit (loss) carried forward +€5,628
up €5,628 (+12.6%), from -€44,723 to -€39,095
- Tax, wage and social debts -€350
down €350 (-70.1%), from €499 to €149
- Trade debts +€46
new in 2025: €46
- Gross operating margin +€6,565
up €6,565 (+898.4%), from €731 to €7,296
- Other operating charges +€789
up €789 (+1236.6%), from €64 to €853
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.
Cash bridge derived
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 | €2,068 | €1,492 | -€575 | -27.8% |
| Fixed assets | 21/28 | €1,342 | €575 | -€767 | -57.1% |
| Tangible fixed assets | 22/27 | €1,342 | €575 | -€767 | -57.1% |
| Furniture and vehicles | 24 | €1,342 | €575 | -€767 | -57.1% |
| Current assets | 29/58 | €726 | €917 | +€191 | +26.4% |
| Amounts receivable within one year | 40/41 | - | €120 | +€120 | |
| Trade receivables | 40 | - | €120 | +€120 | |
| Cash at bank and in hand | 54/58 | €421 | €380 | -€42 | -9.9% |
| Deferred charges and accrued income | 490/1 | €304 | €418 | +€114 | +37.3% |
| Total equity and liabilities | 10/49 | €2,068 | €1,492 | -€575 | -27.8% |
| Equity | 10/15 | -€26,123 | -€20,495 | +€5,628 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,723 | -€39,095 | +€5,628 | +12.6% |
| Amounts payable | 17/49 | €28,191 | €21,988 | -€6,203 | -22.0% |
| Amounts payable after more than one year | 17 | €27,692 | €21,792 | -€5,900 | -21.3% |
| Other amounts payable | 178/9 | €27,692 | €21,792 | -€5,900 | -21.3% |
| Amounts payable within one year | 42/48 | €499 | €195 | -€303 | -60.8% |
| Trade debts | 44 | - | €46 | +€46 | |
| Suppliers | 440/4 | - | €46 | +€46 | |
| Taxes, remuneration and social security | 45 | €499 | €149 | -€350 | -70.1% |
| Taxes | 450/3 | €499 | €149 | -€350 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €767 | €767 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €853 | +€789 | +1236.6% |
| Gross operating margin | 9900 | €731 | €7,296 | +€6,565 | +898.4% |
| Operating profit (loss) | 9901 | -€100 | €5,676 | +€5,776 | |
| Financial charges | 65/66B | €41 | €48 | +€7 | +17.6% |
| Recurring financial charges | 65 | €41 | €48 | +€7 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | -€141 | €5,628 | +€5,769 | |
| Profit (loss) for the period | 9904 | -€141 | €5,628 | +€5,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€141 | €5,628 | +€5,769 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.