ICCLAD: 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.
ICCLAD
Largest movements
- Cash -€139,713
down €139,713 (-84.4%), from €165,518 to €25,805
mainly Other debts (-€113,532) and Contributions, distributions and other (-€41,612)
- Receivables within one year +€20,207
up €20,207 (+878.9%), from €2,299 to €22,506
- Tangible fixed assets +€13,714
new in 2025: €13,714
- Other debts -€113,532
down €113,532 (-70.9%), from €160,151 to €46,619
- Tax, wage and social debts +€6,341
up €6,341 (+90.5%), from €7,010 to €13,351
- Gross operating margin +€32,549
up €32,549 (+239.5%), from €13,589 to €46,139
- Taxes +€8,120
up €8,120 (+153.2%), from €5,300 to €13,420
- Financial income +€3,531
up €3,531 (+32.6%), from €10,821 to €14,352
of which Financial income: +€3,531
- Depreciation +€2,615
up €2,615 (+1370.6%), from €191 to €2,806
- Other operating charges +€2,193
up €2,193 (+566.1%), from €387 to €2,580
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 | €170,968 | €65,322 | -€105,646 | -61.8% |
| Fixed assets | 21/28 | - | €13,714 | +€13,714 | |
| Tangible fixed assets | 22/27 | - | €13,714 | +€13,714 | |
| Furniture and vehicles | 24 | - | €13,714 | +€13,714 | |
| Current assets | 29/58 | €170,968 | €51,608 | -€119,360 | -69.8% |
| Amounts receivable within one year | 40/41 | €2,299 | €22,506 | +€20,207 | +878.9% |
| Trade receivables | 40 | €2,299 | €22,506 | +€20,207 | +878.9% |
| Cash at bank and in hand | 54/58 | €165,518 | €25,805 | -€139,713 | -84.4% |
| Deferred charges and accrued income | 490/1 | €3,152 | €3,297 | +€146 | +4.6% |
| Total equity and liabilities | 10/49 | €170,968 | €65,322 | -€105,646 | -61.8% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €168,968 | €63,322 | -€105,646 | -62.5% |
| Amounts payable within one year | 42/48 | €168,968 | €63,322 | -€105,646 | -62.5% |
| Trade debts | 44 | €1,808 | €3,353 | +€1,545 | +85.5% |
| Suppliers | 440/4 | €1,808 | €3,353 | +€1,545 | +85.5% |
| Taxes, remuneration and social security | 45 | €7,010 | €13,351 | +€6,341 | +90.5% |
| Taxes | 450/3 | €7,010 | €13,351 | +€6,341 | +90.5% |
| Other amounts payable | 47/48 | €160,151 | €46,619 | -€113,532 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €2,806 | +€2,615 | +1370.6% |
| Other operating charges | 640/8 | €387 | €2,580 | +€2,193 | +566.1% |
| Gross operating margin | 9900 | €13,589 | €46,139 | +€32,549 | +239.5% |
| Operating profit (loss) | 9901 | €13,011 | €40,752 | +€27,741 | +213.2% |
| Financial income | 75/76B | €10,821 | €14,352 | +€3,531 | +32.6% |
| Recurring financial income | 75 | €10,821 | €14,352 | +€3,531 | +32.6% |
| Non-recurring financial income | 76B | €10,821 | €14,352 | +€3,531 | +32.6% |
| Financial charges | 65/66B | €71 | €72 | +€1 | +1.1% |
| Recurring financial charges | 65 | €71 | €72 | +€1 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €23,761 | €55,032 | +€31,271 | +131.6% |
| Income taxes | 67/77 | €5,300 | €13,420 | +€8,120 | +153.2% |
| Profit (loss) for the period | 9904 | €18,461 | €41,612 | +€23,151 | +125.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,461 | €41,612 | +€23,151 | +125.4% |
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 8 October 2026 via checked.be.