ICE-Q: 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.
ICE-Q
Largest movements
- Tangible fixed assets +€64,080
up €64,080 (+215.8%), from €29,697 to €93,778
of which Leasing and similar rights: +€71,116
- Cash +€13,044
up €13,044 (+19.7%), from €66,206 to €79,250
mainly Other debts (+€91,946) and Net result for the year (+€80,785)
- Receivables within one year -€2,513
down €2,513 (-5.2%), from €48,674 to €46,161
- Profit (loss) carried forward -€92,994
no longer reported in 2025 (was €92,994)
- Other debts +€91,946
up €91,946 (+2767.9%), from €3,322 to €95,268
- Debts after one year +€54,537
up €54,537 (+3424.4%), from €1,593 to €56,129
- Tax, wage and social debts +€11,510
up €11,510 (+72.2%), from €15,949 to €27,459
- Current portion of long-term debt +€6,156
up €6,156 (+64.9%), from €9,483 to €15,639
- Gross operating margin +€54,347
up €54,347 (+78.3%), from €69,384 to €123,731
- Taxes +€9,781
up €9,781 (+82.6%), from €11,839 to €21,621
- Depreciation +€5,845
up €5,845 (+45.9%), from €12,736 to €18,581
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 | €145,392 | €221,387 | +€75,994 | +52.3% |
| Fixed assets | 21/28 | €29,697 | €93,778 | +€64,080 | +215.8% |
| Tangible fixed assets | 22/27 | €29,697 | €93,778 | +€64,080 | +215.8% |
| Furniture and vehicles | 24 | €25,159 | €19,765 | -€5,394 | -21.4% |
| Leasing and similar rights | 25 | - | €71,116 | +€71,116 | |
| Other tangible fixed assets | 26 | €4,538 | €2,896 | -€1,642 | -36.2% |
| Current assets | 29/58 | €115,695 | €127,609 | +€11,914 | +10.3% |
| Amounts receivable within one year | 40/41 | €48,674 | €46,161 | -€2,513 | -5.2% |
| Trade receivables | 40 | €48,674 | €46,161 | -€2,513 | -5.2% |
| Cash at bank and in hand | 54/58 | €66,206 | €79,250 | +€13,044 | +19.7% |
| Deferred charges and accrued income | 490/1 | €815 | €2,198 | +€1,383 | +169.5% |
| Total equity and liabilities | 10/49 | €145,392 | €221,387 | +€75,994 | +52.3% |
| Equity | 10/15 | €113,454 | €20,460 | -€92,994 | -82.0% |
| 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% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,994 | - | -€92,994 | |
| Amounts payable | 17/49 | €31,939 | €200,927 | +€168,988 | +529.1% |
| Amounts payable after more than one year | 17 | €1,593 | €56,129 | +€54,537 | +3424.4% |
| Financial debts | 170/4 | €1,593 | €56,129 | +€54,537 | +3424.4% |
| Amounts payable within one year | 42/48 | €30,346 | €144,797 | +€114,451 | +377.2% |
| Current portion of amounts payable after more than one year | 42 | €9,483 | €15,639 | +€6,156 | +64.9% |
| Trade debts | 44 | €1,592 | €6,431 | +€4,839 | +303.9% |
| Suppliers | 440/4 | €1,592 | €6,431 | +€4,839 | +303.9% |
| Taxes, remuneration and social security | 45 | €15,949 | €27,459 | +€11,510 | +72.2% |
| Taxes | 450/3 | €15,949 | €27,459 | +€11,510 | +72.2% |
| Other amounts payable | 47/48 | €3,322 | €95,268 | +€91,946 | +2767.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,736 | €18,581 | +€5,845 | +45.9% |
| Other operating charges | 640/8 | €502 | €1,426 | +€923 | +183.7% |
| Gross operating margin | 9900 | €69,384 | €123,731 | +€54,347 | +78.3% |
| Operating profit (loss) | 9901 | €56,146 | €103,724 | +€47,578 | +84.7% |
| Financial charges | 65/66B | €442 | €1,319 | +€876 | +198.1% |
| Recurring financial charges | 65 | €442 | €1,319 | +€876 | +198.1% |
| Profit (loss) for the period before taxes | 9903 | €55,703 | €102,405 | +€46,702 | +83.8% |
| Income taxes | 67/77 | €11,839 | €21,621 | +€9,781 | +82.6% |
| Profit (loss) for the period | 9904 | €43,864 | €80,785 | +€36,921 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,864 | €80,785 | +€36,921 | +84.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.