ICARUS CONSULTING: 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 CONSULTING
Largest movements
- Cash +€34,869
up €34,869 (+150.6%), from €23,161 to €58,030
mainly Net result for the year (+€45,278) and Other debts (+€43,035)
- Tangible fixed assets -€9,334
down €9,334 (-25.6%), from €36,443 to €27,109
of which Furniture and vehicles: -€10,507
- Current investments +€8,530
up €8,530 (+48.6%), from €17,550 to €26,080
- Receivables within one year -€2,147
down €2,147 (-13.9%), from €15,496 to €13,349
of which Other amounts receivable: -€3,302
- Other debts +€43,035
up €43,035 (+115.8%), from €37,156 to €80,192
- Debts after one year -€8,116
down €8,116 (-40.5%), from €20,047 to €11,931
- Tax, wage and social debts -€2,568
down €2,568 (-26.1%), from €9,848 to €7,280
of which Taxes: -€4,918
- Profit (loss) carried forward -€1,722
down €1,722 (-79.1%), from €2,177 to €455
- Current portion of long-term debt +€1,308
up €1,308 (+22.5%), from €5,809 to €7,116
- Gross operating margin +€2,065
up €2,065 (+2.9%), from €71,673 to €73,738
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 | €93,936 | €126,149 | +€32,214 | +34.3% |
| Fixed assets | 21/28 | €36,693 | €27,359 | -€9,334 | -25.4% |
| Tangible fixed assets | 22/27 | €36,443 | €27,109 | -€9,334 | -25.6% |
| Plant, machinery and equipment | 23 | €145 | €572 | +€426 | +293.1% |
| Furniture and vehicles | 24 | €36,298 | €25,791 | -€10,507 | -28.9% |
| Other tangible fixed assets | 26 | - | €746 | +€746 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €57,242 | €98,790 | +€41,548 | +72.6% |
| Amounts receivable within one year | 40/41 | €15,496 | €13,349 | -€2,147 | -13.9% |
| Trade receivables | 40 | €11,631 | €12,786 | +€1,156 | +9.9% |
| Other amounts receivable | 41 | €3,865 | €563 | -€3,302 | -85.4% |
| Current investments | 50/53 | €17,550 | €26,080 | +€8,530 | +48.6% |
| Cash at bank and in hand | 54/58 | €23,161 | €58,030 | +€34,869 | +150.6% |
| Deferred charges and accrued income | 490/1 | €1,036 | €1,332 | +€296 | +28.6% |
| Total equity and liabilities | 10/49 | €93,936 | €126,149 | +€32,214 | +34.3% |
| Equity | 10/15 | €20,797 | €19,075 | -€1,722 | -8.3% |
| Contributions | 10/11 | €18,620 | €18,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,177 | €455 | -€1,722 | -79.1% |
| Amounts payable | 17/49 | €73,138 | €107,074 | +€33,936 | +46.4% |
| Amounts payable after more than one year | 17 | €20,047 | €11,931 | -€8,116 | -40.5% |
| Financial debts | 170/4 | €20,047 | €11,931 | -€8,116 | -40.5% |
| Amounts payable within one year | 42/48 | €53,091 | €94,843 | +€41,752 | +78.6% |
| Current portion of amounts payable after more than one year | 42 | €5,809 | €7,116 | +€1,308 | +22.5% |
| Trade debts | 44 | €278 | €255 | -€24 | -8.6% |
| Suppliers | 440/4 | €278 | €255 | -€24 | -8.6% |
| Taxes, remuneration and social security | 45 | €9,848 | €7,280 | -€2,568 | -26.1% |
| Taxes | 450/3 | €9,848 | €4,930 | -€4,918 | -49.9% |
| Remuneration and social security | 454/9 | - | €2,350 | +€2,350 | |
| Other amounts payable | 47/48 | €37,156 | €80,192 | +€43,035 | +115.8% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,667 | €10,750 | +€83 | +0.8% |
| Other operating charges | 640/8 | €999 | €1,132 | +€134 | +13.4% |
| Gross operating margin | 9900 | €71,673 | €73,738 | +€2,065 | +2.9% |
| Operating profit (loss) | 9901 | €60,007 | €61,856 | +€1,849 | +3.1% |
| Financial income | 75/76B | €50 | €186 | +€136 | +269.3% |
| Recurring financial income | 75 | €50 | €186 | +€136 | +269.3% |
| Financial charges | 65/66B | €1,335 | €1,241 | -€94 | -7.1% |
| Recurring financial charges | 65 | €1,335 | €1,241 | -€94 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €58,723 | €60,801 | +€2,079 | +3.5% |
| Income taxes | 67/77 | €15,056 | €15,523 | +€468 | +3.1% |
| Profit (loss) for the period | 9904 | €43,667 | €45,278 | +€1,611 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,667 | €45,278 | +€1,611 | +3.7% |
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 1 October 2026 via checked.be.