ICCOR: 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.
ICCOR
Largest movements
- Cash +€32,927
up €32,927 (+53.6%), from €61,472 to €94,399
mainly Net result for the year (+€26,674) and Accrued charges and deferred income (+€26,154)
- Tangible fixed assets -€31,881
down €31,881 (-45.1%), from €70,676 to €38,795
of which Land and buildings: -€52,610
- Receivables within one year +€9,915
up €9,915 (+13.1%), from €75,570 to €85,484
of which Trade receivables: +€15,026
- Other debts -€54,285
down €54,285 (-88.7%), from €61,177 to €6,891
- Profit (loss) carried forward +€26,674
up €26,674 (+32.3%), from €82,636 to €109,310
- Accrued charges and deferred income +€26,154
up €26,154 (+99.8%), from €26,204 to €52,358
- Debts after one year +€15,722
up €15,722, from €0 to €15,722
- Current portion of long-term debt -€6,596
down €6,596 (-60.6%), from €10,885 to €4,289
- Depreciation -€12,136
down €12,136 (-37.9%), from €32,054 to €19,918
- Gross operating margin -€8,556
down €8,556 (-11.0%), from €78,032 to €69,476
- Financial charges +€2,767
up €2,767 (+152.0%), from €1,820 to €4,588
- Taxes +€986
up €986 (+8.0%), from €12,340 to €13,326
- Staff costs +€970
up €970 (+74.2%), from €1,307 to €2,277
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 | €214,102 | €224,632 | +€10,530 | +4.9% |
| Fixed assets | 21/28 | €70,916 | €39,035 | -€31,881 | -45.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €70,676 | €38,795 | -€31,881 | -45.1% |
| Land and buildings | 22 | €52,610 | €0 | -€52,610 | -100.0% |
| Plant, machinery and equipment | 23 | €2,381 | €454 | -€1,927 | -80.9% |
| Furniture and vehicles | 24 | €12,680 | €1,458 | -€11,222 | -88.5% |
| Leasing and similar rights | 25 | - | €20,866 | +€20,866 | |
| Other tangible fixed assets | 26 | €3,005 | €16,017 | +€13,012 | +433.1% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €143,185 | €185,596 | +€42,411 | +29.6% |
| Stocks and contracts in progress | 3 | €655 | €0 | -€655 | -100.0% |
| Stocks | 30/36 | €655 | €0 | -€655 | -100.0% |
| Amounts receivable within one year | 40/41 | €75,570 | €85,484 | +€9,915 | +13.1% |
| Trade receivables | 40 | €25,880 | €40,906 | +€15,026 | +58.1% |
| Other amounts receivable | 41 | €49,690 | €44,578 | -€5,112 | -10.3% |
| Cash at bank and in hand | 54/58 | €61,472 | €94,399 | +€32,927 | +53.6% |
| Deferred charges and accrued income | 490/1 | €5,488 | €5,713 | +€224 | +4.1% |
| Total equity and liabilities | 10/49 | €214,102 | €224,632 | +€10,530 | +4.9% |
| Equity | 10/15 | €103,096 | €129,770 | +€26,674 | +25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €82,636 | €109,310 | +€26,674 | +32.3% |
| Amounts payable | 17/49 | €111,006 | €94,862 | -€16,144 | -14.5% |
| Amounts payable after more than one year | 17 | €0 | €15,722 | +€15,722 | |
| Financial debts | 170/4 | €0 | €15,722 | +€15,722 | |
| Amounts payable within one year | 42/48 | €84,802 | €26,782 | -€58,020 | -68.4% |
| Current portion of amounts payable after more than one year | 42 | €10,885 | €4,289 | -€6,596 | -60.6% |
| Trade debts | 44 | €10,116 | €10,676 | +€561 | +5.5% |
| Suppliers | 440/4 | €10,116 | €10,676 | +€561 | +5.5% |
| Taxes, remuneration and social security | 45 | €2,625 | €4,926 | +€2,302 | +87.7% |
| Taxes | 450/3 | €2,252 | €4,729 | +€2,477 | +110.0% |
| Remuneration and social security | 454/9 | €373 | €197 | -€176 | -47.1% |
| Other amounts payable | 47/48 | €61,177 | €6,891 | -€54,285 | -88.7% |
| Accrued charges and deferred income | 492/3 | €26,204 | €52,358 | +€26,154 | +99.8% |
| Remuneration, social security and pensions | 62 | €1,307 | €2,277 | +€970 | +74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,054 | €19,918 | -€12,136 | -37.9% |
| Other operating charges | 640/8 | €2,868 | €2,722 | -€146 | -5.1% |
| Gross operating margin | 9900 | €78,032 | €69,476 | -€8,556 | -11.0% |
| Operating profit (loss) | 9901 | €41,803 | €44,559 | +€2,756 | +6.6% |
| Financial income | 75/76B | €17 | €28 | +€11 | +65.3% |
| Recurring financial income | 75 | €17 | €28 | +€11 | +65.3% |
| Financial charges | 65/66B | €1,820 | €4,588 | +€2,767 | +152.0% |
| Recurring financial charges | 65 | €1,820 | €4,588 | +€2,767 | +152.0% |
| Profit (loss) for the period before taxes | 9903 | €40,000 | €40,000 | = | 0.0% |
| Income taxes | 67/77 | €12,340 | €13,326 | +€986 | +8.0% |
| Profit (loss) for the period | 9904 | €27,660 | €26,674 | -€986 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,660 | €26,674 | -€986 | -3.6% |
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 6 October 2026 via checked.be.