ICD Management: 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.
ICD Management
Largest movements
- Receivables within one year +€8,116
up €8,116 (+21.4%), from €37,930 to €46,045
of which Trade receivables: +€16,775
- Tangible fixed assets -€2,591
down €2,591 (-3.6%), from €71,398 to €68,807
of which Land and buildings: -€2,295
- Other debts -€36,863
down €36,863 (-77.9%), from €47,333 to €10,470
- Debts after one year +€31,841
up €31,841 (+81.7%), from €38,968 to €70,809
- Tax, wage and social debts +€7,935
up €7,935 (+25.5%), from €31,089 to €39,025
- Profit (loss) carried forward +€2,000
up €2,000 (+18.2%), from -€11,011 to -€9,011
- Trade debts -€1,470
no longer reported in 2025 (was €1,470)
- Gross operating margin +€8,674
up €8,674 (+109.0%), from €7,956 to €16,631
- Taxes +€7,346
up €7,346 (+1311708.9%), from €1 to €7,346
- Depreciation -€996
down €996 (-21.5%), from €4,638 to €3,642
- Financial income -€975
down €975 (-100.0%), from €975 to €0
- Financial charges -€377
down €377 (-14.5%), from €2,603 to €2,225
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 | €116,954 | €120,348 | +€3,395 | +2.9% |
| Fixed assets | 21/28 | €71,398 | €68,807 | -€2,591 | -3.6% |
| Tangible fixed assets | 22/27 | €71,398 | €68,807 | -€2,591 | -3.6% |
| Land and buildings | 22 | €69,345 | €67,050 | -€2,295 | -3.3% |
| Furniture and vehicles | 24 | €2,053 | €1,757 | -€296 | -14.4% |
| Current assets | 29/58 | €45,556 | €51,541 | +€5,986 | +13.1% |
| Amounts receivable within one year | 40/41 | €37,930 | €46,045 | +€8,116 | +21.4% |
| Trade receivables | 40 | €29,270 | €46,045 | +€16,775 | +57.3% |
| Other amounts receivable | 41 | €8,660 | - | -€8,660 | |
| Current investments | 50/53 | €421 | €54 | -€367 | -87.1% |
| Cash at bank and in hand | 54/58 | €5,848 | €4,984 | -€864 | -14.8% |
| Deferred charges and accrued income | 490/1 | €1,357 | €458 | -€899 | -66.3% |
| Total equity and liabilities | 10/49 | €116,954 | €120,348 | +€3,395 | +2.9% |
| Equity | 10/15 | -€9,151 | -€7,151 | +€2,000 | +21.9% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,011 | -€9,011 | +€2,000 | +18.2% |
| Amounts payable | 17/49 | €126,105 | €127,499 | +€1,395 | +1.1% |
| Amounts payable after more than one year | 17 | €38,968 | €70,809 | +€31,841 | +81.7% |
| Financial debts | 170/4 | €38,968 | €70,809 | +€31,841 | +81.7% |
| Amounts payable within one year | 42/48 | €86,748 | €56,520 | -€30,228 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €6,856 | €7,025 | +€169 | +2.5% |
| Trade debts | 44 | €1,470 | - | -€1,470 | |
| Suppliers | 440/4 | €1,470 | - | -€1,470 | |
| Taxes, remuneration and social security | 45 | €31,089 | €39,025 | +€7,935 | +25.5% |
| Taxes | 450/3 | €31,089 | €39,025 | +€7,935 | +25.5% |
| Other amounts payable | 47/48 | €47,333 | €10,470 | -€36,863 | -77.9% |
| Accrued charges and deferred income | 492/3 | €389 | €170 | -€219 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,638 | €3,642 | -€996 | -21.5% |
| Other operating charges | 640/8 | €1,508 | €1,417 | -€91 | -6.0% |
| Gross operating margin | 9900 | €7,956 | €16,631 | +€8,674 | +109.0% |
| Operating profit (loss) | 9901 | €1,810 | €11,571 | +€9,761 | +539.3% |
| Financial income | 75/76B | €975 | €0 | -€975 | -100.0% |
| Recurring financial income | 75 | €975 | €0 | -€975 | -100.0% |
| Financial charges | 65/66B | €2,603 | €2,225 | -€377 | -14.5% |
| Recurring financial charges | 65 | €2,603 | €2,225 | -€377 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €182 | €9,346 | +€9,164 | +5027.9% |
| Income taxes | 67/77 | €1 | €7,346 | +€7,346 | +1311708.9% |
| Profit (loss) for the period | 9904 | €182 | €2,000 | +€1,818 | +1000.7% |
| Profit (loss) for the period to be appropriated | 9905 | €182 | €2,000 | +€1,818 | +1000.7% |
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 7 October 2026 via checked.be.