ICARY: 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.
ICARY
Largest movements
- Tangible fixed assets +€4,741
up €4,741 (+34.8%), from €13,630 to €18,370
- Receivables within one year +€3,631
up €3,631 (+106.9%), from €3,397 to €7,028
of which Trade receivables: +€1,964
- Other debts +€6,714
up €6,714 (+8.7%), from €76,768 to €83,482
- Profit (loss) carried forward +€2,057
up €2,057 (+2.3%), from -€88,888 to -€86,831
- Tax, wage and social debts -€1,077
down €1,077 (-91.8%), from €1,174 to €97
- Trade debts +€906
up €906 (+27.8%), from €3,255 to €4,161
- Gross operating margin -€2,514
down €2,514 (-14.5%), from €17,344 to €14,830
- Depreciation +€558
up €558 (+5.7%), from €9,864 to €10,422
- Other operating charges +€431
up €431 (+47.0%), from €918 to €1,349
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 | €21,570 | €30,169 | +€8,599 | +39.9% |
| Fixed assets | 21/28 | €13,630 | €18,370 | +€4,741 | +34.8% |
| Tangible fixed assets | 22/27 | €13,630 | €18,370 | +€4,741 | +34.8% |
| Furniture and vehicles | 24 | €13,630 | €18,370 | +€4,741 | +34.8% |
| Current assets | 29/58 | €7,940 | €11,798 | +€3,859 | +48.6% |
| Amounts receivable within one year | 40/41 | €3,397 | €7,028 | +€3,631 | +106.9% |
| Trade receivables | 40 | €3,287 | €5,252 | +€1,964 | +59.8% |
| Other amounts receivable | 41 | €110 | €1,776 | +€1,666 | +1520.4% |
| Cash at bank and in hand | 54/58 | €2,650 | €2,808 | +€158 | +6.0% |
| Deferred charges and accrued income | 490/1 | €1,893 | €1,962 | +€70 | +3.7% |
| Total equity and liabilities | 10/49 | €21,570 | €30,169 | +€8,599 | +39.9% |
| Equity | 10/15 | -€74,628 | -€72,571 | +€2,057 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,888 | -€86,831 | +€2,057 | +2.3% |
| Amounts payable | 17/49 | €96,198 | €102,740 | +€6,542 | +6.8% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,198 | €87,740 | +€6,542 | +8.1% |
| Trade debts | 44 | €3,255 | €4,161 | +€906 | +27.8% |
| Suppliers | 440/4 | €3,255 | €4,161 | +€906 | +27.8% |
| Taxes, remuneration and social security | 45 | €1,174 | €97 | -€1,077 | -91.8% |
| Taxes | 450/3 | €1,174 | €97 | -€1,077 | -91.8% |
| Other amounts payable | 47/48 | €76,768 | €83,482 | +€6,714 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,864 | €10,422 | +€558 | +5.7% |
| Other operating charges | 640/8 | €918 | €1,349 | +€431 | +47.0% |
| Gross operating margin | 9900 | €17,344 | €14,830 | -€2,514 | -14.5% |
| Operating profit (loss) | 9901 | €6,562 | €3,058 | -€3,504 | -53.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €193 | €168 | -€25 | -13.2% |
| Recurring financial charges | 65 | €193 | €168 | -€25 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €6,369 | €2,890 | -€3,479 | -54.6% |
| Income taxes | 67/77 | €823 | €834 | +€11 | +1.3% |
| Profit (loss) for the period | 9904 | €5,547 | €2,057 | -€3,490 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,547 | €2,057 | -€3,490 | -62.9% |
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 2 October 2026 via checked.be.