ICE-ELEC: 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.
ICE-ELEC
Largest movements
- Cash +€22,174
up €22,174 (+1,531%), from €1,448 to €23,622
mainly Net result for the year (+€7,053) and Receivables within one year (+€5,926)
- Tangible fixed assets -€8,372
down €8,372 (-58.5%), from €14,319 to €5,947
- Receivables within one year -€5,926
down €5,926 (-94.3%), from €6,286 to €360
of which Other amounts receivable: -€4,396
- Deferred charges and accrued income +€597
new in 2025: €597
- Profit (loss) carried forward +€7,053
up €7,053 (+52.7%), from -€13,371 to -€6,318
- Trade debts +€4,151
up €4,151 (+844%), from €492 to €4,643
- Advances received -€2,180
no longer reported in 2025 (was €2,180)
- Other debts -€870
down €870 (-4.6%), from €18,740 to €17,870
- Gross operating margin +€24,016
up €24,016, from -€10,110 to €13,906
- Other operating charges +€726
up €726 (+35.9%), from €2,024 to €2,750
- Depreciation -€677
down €677 (-13.7%), from €4,959 to €4,282
- Financial income +€236
up €236 (+137%), from €172 to €408
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 | €22,301 | €30,526 | +€8,225 | +36.9% |
| Formation expenses | 20 | €248 | - | -€248 | |
| Fixed assets | 21/28 | €14,319 | €5,947 | -€8,372 | -58.5% |
| Tangible fixed assets | 22/27 | €14,319 | €5,947 | -€8,372 | -58.5% |
| Furniture and vehicles | 24 | €14,319 | €5,947 | -€8,372 | -58.5% |
| Current assets | 29/58 | €7,734 | €24,579 | +€16,845 | +218% |
| Amounts receivable within one year | 40/41 | €6,286 | €360 | -€5,926 | -94.3% |
| Trade receivables | 40 | €1,760 | €230 | -€1,530 | -86.9% |
| Other amounts receivable | 41 | €4,526 | €130 | -€4,396 | -97.1% |
| Cash at bank and in hand | 54/58 | €1,448 | €23,622 | +€22,174 | +1,531% |
| Deferred charges and accrued income | 490/1 | - | €597 | +€597 | |
| Total equity and liabilities | 10/49 | €22,301 | €30,526 | +€8,225 | +36.9% |
| Equity | 10/15 | €889 | €7,942 | +€7,053 | +793% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,371 | -€6,318 | +€7,053 | +52.7% |
| Amounts payable | 17/49 | €21,412 | €22,584 | +€1,172 | +5.5% |
| Amounts payable within one year | 42/48 | €21,412 | €22,584 | +€1,172 | +5.5% |
| Trade debts | 44 | €492 | €4,643 | +€4,151 | +844% |
| Suppliers | 440/4 | €492 | €4,643 | +€4,151 | +844% |
| Advances received on contracts in progress | 46 | €2,180 | - | -€2,180 | |
| Taxes, remuneration and social security | 45 | - | €71 | +€71 | |
| Taxes | 450/3 | - | €71 | +€71 | |
| Other amounts payable | 47/48 | €18,740 | €17,870 | -€870 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,959 | €4,282 | -€677 | -13.7% |
| Other operating charges | 640/8 | €2,024 | €2,750 | +€726 | +35.9% |
| Gross operating margin | 9900 | -€10,110 | €13,906 | +€24,016 | |
| Operating profit (loss) | 9901 | -€17,093 | €6,874 | +€23,967 | |
| Financial income | 75/76B | €172 | €408 | +€236 | +137% |
| Recurring financial income | 75 | €172 | €408 | +€236 | +137% |
| Financial charges | 65/66B | €116 | €158 | +€42 | +36.2% |
| Recurring financial charges | 65 | €116 | €158 | +€42 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,037 | €7,124 | +€24,161 | |
| Income taxes | 67/77 | €52 | €71 | +€19 | +36.5% |
| Profit (loss) for the period | 9904 | -€17,089 | €7,053 | +€24,142 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,089 | €7,053 | +€24,142 |
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 19 October 2026 via checked.be.