ICATECH: 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.
ICATECH
Largest movements
- Cash -€28,828
down €28,828 (-76.2%), from €37,821 to €8,993
mainly Investment in fixed assets (net) (-€58,670) and Stocks and contracts (-€9,100)
- Tangible fixed assets +€10,647
up €10,647 (+3.1%), from €342,692 to €353,340
of which Plant, machinery and equipment: +€10,513
- Stocks and contracts +€9,100
up €9,100 (+83.5%), from €10,900 to €20,000
- Profit (loss) carried forward -€8,273
down €8,273 (-2.9%), from €283,382 to €275,109
- Debts after one year -€8,009
down €8,009 (-10.0%), from €79,966 to €71,956
of which Financial debts: -€9,379
- Trade debts +€7,617
up €7,617 (+12319.1%), from €62 to €7,679
- Gross operating margin -€81,079
down €81,079 (-61.0%), from €132,845 to €51,766
- Taxes -€22,063
no longer reported in 2025 (was €22,063)
- Depreciation +€8,037
up €8,037 (+20.1%), from €39,985 to €48,023
- Other operating charges +€4,891
up €4,891 (+117.8%), from €4,151 to €9,042
- Financial income -€2,991
down €2,991 (-79.7%), from €3,751 to €760
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 | €439,147 | €431,623 | -€7,523 | -1.7% |
| Fixed assets | 21/28 | €343,717 | €354,365 | +€10,647 | +3.1% |
| Tangible fixed assets | 22/27 | €342,692 | €353,340 | +€10,647 | +3.1% |
| Land and buildings | 22 | €101,235 | €97,808 | -€3,427 | -3.4% |
| Plant, machinery and equipment | 23 | €211,717 | €222,230 | +€10,513 | +5.0% |
| Furniture and vehicles | 24 | €29,740 | €33,302 | +€3,562 | +12.0% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €95,429 | €77,259 | -€18,170 | -19.0% |
| Stocks and contracts in progress | 3 | €10,900 | €20,000 | +€9,100 | +83.5% |
| Stocks | 30/36 | €10,900 | €20,000 | +€9,100 | +83.5% |
| Amounts receivable within one year | 40/41 | €44,208 | €45,765 | +€1,558 | +3.5% |
| Trade receivables | 40 | €5,038 | €17,793 | +€12,755 | +253.2% |
| Other amounts receivable | 41 | €39,170 | €27,973 | -€11,197 | -28.6% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,821 | €8,993 | -€28,828 | -76.2% |
| Total equity and liabilities | 10/49 | €439,147 | €431,623 | -€7,523 | -1.7% |
| Equity | 10/15 | €323,849 | €315,576 | -€8,273 | -2.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €32,407 | €32,407 | = | 0.0% |
| Distributable reserves | 133 | €32,407 | €32,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,382 | €275,109 | -€8,273 | -2.9% |
| Amounts payable | 17/49 | €115,297 | €116,047 | +€750 | +0.7% |
| Amounts payable after more than one year | 17 | €79,966 | €71,956 | -€8,009 | -10.0% |
| Financial debts | 170/4 | €74,256 | €64,876 | -€9,379 | -12.6% |
| Other amounts payable | 178/9 | €5,710 | €7,080 | +€1,370 | +24.0% |
| Amounts payable within one year | 42/48 | €35,332 | €44,091 | +€8,759 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €9,028 | €10,646 | +€1,619 | +17.9% |
| Trade debts | 44 | €62 | €7,679 | +€7,617 | +12319.1% |
| Suppliers | 440/4 | €62 | €7,679 | +€7,617 | +12319.1% |
| Taxes, remuneration and social security | 45 | €25,659 | €25,766 | +€107 | +0.4% |
| Taxes | 450/3 | €25,659 | €25,766 | +€107 | +0.4% |
| Other amounts payable | 47/48 | €583 | - | -€583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,985 | €48,023 | +€8,037 | +20.1% |
| Other operating charges | 640/8 | €4,151 | €9,042 | +€4,891 | +117.8% |
| Non-recurring operating charges | 66A | - | €56 | +€56 | |
| Gross operating margin | 9900 | €132,845 | €51,766 | -€81,079 | -61.0% |
| Operating profit (loss) | 9901 | €88,709 | -€5,353 | -€94,063 | |
| Financial income | 75/76B | €3,751 | €760 | -€2,991 | -79.7% |
| Recurring financial income | 75 | €3,751 | €760 | -€2,991 | -79.7% |
| Financial charges | 65/66B | €3,147 | €3,680 | +€533 | +16.9% |
| Recurring financial charges | 65 | €3,147 | €3,680 | +€533 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €89,313 | -€8,273 | -€97,586 | |
| Income taxes | 67/77 | €22,063 | - | -€22,063 | |
| Profit (loss) for the period | 9904 | €67,250 | -€8,273 | -€75,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,250 | -€8,273 | -€75,523 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.