ICC: 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.
ICC
Largest movements
- Tangible fixed assets -€36,867
down €36,867 (-9.9%), from €372,500 to €335,633
of which Furniture and vehicles: -€19,932
- Receivables within one year -€22,488
down €22,488 (-100%), from €22,488 to €0
of which Trade receivables: -€19,840
- Cash +€9,462
up €9,462 (+287%), from €3,298 to €12,760
mainly Depreciation (+€43,867) and Receivables within one year (+€22,488)
- Other debts -€70,286
down €70,286 (-65.5%), from €107,296 to €37,011
- Reserves +€19,909
up €19,909 (+21.8%), from €91,229 to €111,138
of which Distributable reserves: +€21,461
- Current portion of long-term debt +€7,949
up €7,949 (+26.2%), from €30,284 to €38,234
- Trade debts -€6,424
down €6,424 (-81.2%), from €7,913 to €1,489
- Depreciation +€20,646
up €20,646 (+88.9%), from €23,221 to €43,867
- Write-downs -€14,025
down €14,025 (-100%), from €14,025 to €0
- Gross operating margin -€11,400
down €11,400 (-10.7%), from €106,760 to €95,360
- Financial charges +€5,027
up €5,027 (+54.5%), from €9,222 to €14,249
- Taxes -€3,147
down €3,147 (-20.5%), from €15,364 to €12,217
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.
Derived cash bridge
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 | €529,228 | €479,879 | -€49,349 | -9.3% |
| Fixed assets | 21/28 | €496,149 | €459,282 | -€36,867 | -7.4% |
| Tangible fixed assets | 22/27 | €372,500 | €335,633 | -€36,867 | -9.9% |
| Land and buildings | 22 | €240,246 | €224,191 | -€16,055 | -6.7% |
| Furniture and vehicles | 24 | €126,557 | €106,625 | -€19,932 | -15.7% |
| Other tangible fixed assets | 26 | €5,698 | €4,817 | -€881 | -15.5% |
| Financial fixed assets | 28 | €123,649 | €123,649 | = | 0.0% |
| Current assets | 29/58 | €33,079 | €20,597 | -€12,482 | -37.7% |
| Stocks and contracts in progress | 3 | €4,675 | €4,675 | = | 0.0% |
| Stocks | 30/36 | €4,675 | €4,675 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,488 | €0 | -€22,488 | -100% |
| Trade receivables | 40 | €19,840 | €0 | -€19,840 | -100% |
| Other amounts receivable | 41 | €2,648 | €0 | -€2,648 | -100% |
| Cash at bank and in hand | 54/58 | €3,298 | €12,760 | +€9,462 | +287% |
| Deferred charges and accrued income | 490/1 | €2,618 | €3,162 | +€544 | +20.8% |
| Total equity and liabilities | 10/49 | €529,228 | €479,879 | -€49,349 | -9.3% |
| Equity | 10/15 | €101,229 | €121,138 | +€19,909 | +19.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €91,229 | €111,138 | +€19,909 | +21.8% |
| Tax-exempt reserves | 132 | €7,410 | €5,858 | -€1,552 | -20.9% |
| Distributable reserves | 133 | €83,819 | €105,280 | +€21,461 | +25.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €2,470 | €1,953 | -€517 | -20.9% |
| Deferred taxes | 168 | €2,470 | €1,953 | -€517 | -20.9% |
| Amounts payable | 17/49 | €425,529 | €356,788 | -€68,741 | -16.2% |
| Amounts payable after more than one year | 17 | €240,882 | €243,778 | +€2,895 | +1.2% |
| Financial debts | 170/4 | €205,917 | €213,391 | +€7,474 | +3.6% |
| Other amounts payable | 178/9 | €34,965 | €30,387 | -€4,579 | -13.1% |
| Amounts payable within one year | 42/48 | €184,340 | €112,653 | -€71,687 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €30,284 | €38,234 | +€7,949 | +26.2% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €7,913 | €1,489 | -€6,424 | -81.2% |
| Suppliers | 440/4 | €7,913 | €1,489 | -€6,424 | -81.2% |
| Taxes, remuneration and social security | 45 | €13,847 | €10,919 | -€2,927 | -21.1% |
| Taxes | 450/3 | €13,847 | €10,919 | -€2,927 | -21.1% |
| Other amounts payable | 47/48 | €107,296 | €37,011 | -€70,286 | -65.5% |
| Accrued charges and deferred income | 492/3 | €307 | €358 | +€51 | +16.7% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,221 | €43,867 | +€20,646 | +88.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,025 | €0 | -€14,025 | -100% |
| Other operating charges | 640/8 | €5,886 | €4,802 | -€1,084 | -18.4% |
| Gross operating margin | 9900 | €106,760 | €95,360 | -€11,400 | -10.7% |
| Operating profit (loss) | 9901 | €63,628 | €46,691 | -€16,937 | -26.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €9,222 | €14,249 | +€5,027 | +54.5% |
| Recurring financial charges | 65 | €9,222 | €14,249 | +€5,027 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €54,406 | €32,442 | -€21,964 | -40.4% |
| Transfer from deferred taxes | 780 | €117 | €517 | +€401 | +344% |
| Transfer to deferred taxes | 680 | €2,587 | €0 | -€2,587 | -100% |
| Income taxes | 67/77 | €15,364 | €12,217 | -€3,147 | -20.5% |
| Profit (loss) for the period | 9904 | €36,571 | €20,742 | -€15,830 | -43.3% |
| Transfer from tax-exempt reserves | 789 | €350 | €1,552 | +€1,202 | +344% |
| Transfer to tax-exempt reserves | 689 | €7,760 | €0 | -€7,760 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €29,161 | €22,294 | -€6,868 | -23.6% |
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 14 October 2026 via checked.be.