ICE SA: 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.
What changed
ICE SA
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€266,649
2024 · €132,738+€133,910
Equity
€8.3m
2024 · €8.1m+€261,679
Cash
€837,885
2024 · €871,064-€33,179
Balance sheet total
€30.2m
2024 · €27.2m+€3.0m
Largest movements
Assets
- Receivables within one year +€2.4m
up €2.4m (+21.7%), from €10.9m to €13.3m
of which Trade receivables: +€2.4m
- Stocks and contracts +€721,006
up €721,006 (+6.1%), from €11.8m to €12.5m
- Tangible fixed assets -€434,164
down €434,164 (-12.8%), from €3.4m to €3.0m
- Intangible fixed assets +€391,213
up €391,213 (+1,775%), from €22,037 to €413,250
Equity and liabilities
- Other debts +€5.9m
up €5.9m (+41,040%), from €14,276 to €5.9m
- Debts after one year -€2.6m
down €2.6m (-75.5%), from €3.4m to €827,320
- Short-term financial debts -€2.3m
down €2.3m (-34.6%), from €6.5m to €4.3m
- Trade debts +€1.3m
up €1.3m (+18.2%), from €7.3m to €8.7m
of which Suppliers: +€907,603
Income statement
- Goods and materials -€7.3m
down €7.3m (-28.8%), from €25.5m to €18.1m
of which Purchases: -€10.8m
- Turnover -€7.0m
down €7.0m (-18.2%), from €38.1m to €31.2m
- Other operating income -€1.1m
down €1.1m (-58.1%), from €1.9m to €796,517
- Services and other goods -€971,800
down €971,800 (-8.4%), from €11.6m to €10.7m
- Other operating charges +€502,392
up €502,392 (+253%), from €198,201 to €700,593
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.
Result 2024
€132,738
Turnover
-€7.0m
Other operating income
-€1.1m
Goods and materials
+€7.3m
Services and other goods
+€971,800
Staff costs
+€285,685
Depreciation
-€100,281
Write-downs
+€466,402
Provisions
-€3,098
Other operating charges
-€502,392
Other operating items
-€214,904
Financial income
-€25,845
Financial charges
+€32,645
Taxes
-€48,584
Result 2025
€266,649
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.1m
Investment
-€345,703
Financing
-€4.8m
Cash 2024
€871,064
From operations (derived)
+€5.1m
Net result for the year
+€266,649
Depreciation
+€403,654
Stocks and contracts
-€721,006
Receivables within one year
-€2.4m
Deferred charges and accrued income
-€31,487
Provisions
+€132,499
Trade debts
+€1.3m
Tax, wage and social debts
+€264,713
Other debts
+€5.9m
Accrued charges and deferred income
-€43,388
Investment (derived)
-€345,703
Investment in fixed assets (net)
-€360,703
Current investments
+€15,000
Financing
-€4.8m
Debts after one year
-€2.6m
Current portion of long-term debt
+€15,778
Short-term financial debts
-€2.3m
Contributions, distributions and other
-€4,970
Cash 2025
€837,885
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,199,893 | €30,226,143 | +€3.0m | +11.1% |
| Fixed assets | 21/28 | €3,413,155 | €3,370,204 | -€42,951 | -1.3% |
| Intangible fixed assets | 21 | €22,037 | €413,250 | +€391,213 | +1,775% |
| Tangible fixed assets | 22/27 | €3,390,408 | €2,956,244 | -€434,164 | -12.8% |
| Land and buildings | 22 | €2,785,390 | €2,666,332 | -€119,058 | -4.3% |
| Plant, machinery and equipment | 23 | €132,555 | €89,312 | -€43,243 | -32.6% |
| Furniture and vehicles | 24 | €169,626 | €133,317 | -€36,309 | -21.4% |
| Other tangible fixed assets | 26 | €105,654 | €67,284 | -€38,370 | -36.3% |
| Assets under construction and advance payments | 27 | €197,184 | €0 | -€197,184 | -100% |
| Financial fixed assets | 28 | €710 | €710 | = | 0.0% |
| Other financial fixed assets | 284/8 | €710 | €710 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €710 | €710 | = | 0.0% |
| Current assets | 29/58 | €23,786,738 | €26,855,939 | +€3.1m | +12.9% |
| Amounts receivable after more than one year | 29 | €14,790 | €14,790 | = | 0.0% |
| Other amounts receivable | 291 | €14,790 | €14,790 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,799,997 | €12,521,004 | +€721,006 | +6.1% |
| Stocks | 30/36 | €11,799,997 | €12,521,004 | +€721,006 | +6.1% |
| Goods purchased for resale | 34 | €11,799,997 | €12,521,004 | +€721,006 | +6.1% |
| Amounts receivable within one year | 40/41 | €10,910,019 | €13,274,907 | +€2.4m | +21.7% |
| Trade receivables | 40 | €10,722,558 | €13,158,178 | +€2.4m | +22.7% |
| Other amounts receivable | 41 | €187,461 | €116,728 | -€70,733 | -37.7% |
| Current investments | 50/53 | €15,000 | €0 | -€15,000 | -100% |
| Other investments | 51/53 | €15,000 | €0 | -€15,000 | -100% |
| Cash at bank and in hand | 54/58 | €871,064 | €837,885 | -€33,179 | -3.8% |
| Deferred charges and accrued income | 490/1 | €175,867 | €207,353 | +€31,487 | +17.9% |
| Total equity and liabilities | 10/49 | €27,199,893 | €30,226,143 | +€3.0m | +11.1% |
| Equity | 10/15 | €8,051,074 | €8,312,753 | +€261,679 | +3.3% |
| Contributions | 10/11 | €5,451,375 | €5,451,375 | = | 0.0% |
| Capital | 10 | €5,451,375 | €5,451,375 | = | 0.0% |
| Issued capital | 100 | €5,451,375 | €5,451,375 | = | 0.0% |
| Reserves | 13 | €566,986 | €580,318 | +€13,332 | +2.4% |
| Non-distributable reserves | 130/1 | €129,950 | €143,283 | +€13,332 | +10.3% |
| Legal reserve | 130 | €129,950 | €143,283 | +€13,332 | +10.3% |
| Tax-exempt reserves | 132 | €10,017 | €10,017 | = | 0.0% |
| Distributable reserves | 133 | €427,019 | €427,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,875,323 | €2,128,639 | +€253,316 | +13.5% |
| Investment grants | 15 | €157,390 | €152,420 | -€4,970 | -3.2% |
| Provisions and deferred taxes | 16 | €769,981 | €902,479 | +€132,499 | +17.2% |
| Provisions for liabilities and charges | 160/5 | €769,068 | €901,634 | +€132,566 | +17.2% |
| Environmental obligations | 163 | €769,068 | €901,634 | +€132,566 | +17.2% |
| Deferred taxes | 168 | €913 | €845 | -€67 | -7.4% |
| Amounts payable | 17/49 | €18,378,838 | €21,010,910 | +€2.6m | +14.3% |
| Amounts payable after more than one year | 17 | €3,378,921 | €827,320 | -€2.6m | -75.5% |
| Financial debts | 170/4 | €3,378,921 | €827,320 | -€2.6m | -75.5% |
| Credit institutions | 173 | €1,325,149 | €827,320 | -€497,830 | -37.6% |
| Other loans | 174 | €2,053,771 | €0 | -€2.1m | -100% |
| Amounts payable within one year | 42/48 | €14,941,835 | €20,168,896 | +€5.2m | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €482,052 | €497,830 | +€15,778 | +3.3% |
| Financial debts | 43 | €6,500,000 | €4,250,000 | -€2.3m | -34.6% |
| Credit institutions | 430/8 | €6,500,000 | €4,250,000 | -€2.3m | -34.6% |
| Trade debts | 44 | €7,335,346 | €8,673,031 | +€1.3m | +18.2% |
| Suppliers | 440/4 | €7,217,211 | €8,124,815 | +€907,603 | +12.6% |
| Bills of exchange payable | 441 | €118,135 | €548,216 | +€430,081 | +364% |
| Taxes, remuneration and social security | 45 | €610,160 | €874,873 | +€264,713 | +43.4% |
| Taxes | 450/3 | €275,262 | €560,758 | +€285,496 | +104% |
| Remuneration and social security | 454/9 | €334,898 | €314,115 | -€20,783 | -6.2% |
| Other amounts payable | 47/48 | €14,276 | €5,873,162 | +€5.9m | +41,040% |
| Accrued charges and deferred income | 492/3 | €58,082 | €14,694 | -€43,388 | -74.7% |
| Operating income | 70/76A | €40,156,974 | €31,992,112 | -€8.2m | -20.3% |
| Turnover | 70 | €38,141,123 | €31,186,113 | -€7.0m | -18.2% |
| Other operating income | 74 | €1,900,552 | €796,517 | -€1.1m | -58.1% |
| Non-recurring operating income | 76A | €115,299 | €9,481 | -€105,818 | -91.8% |
| Operating charges | 60/66A | €39,497,994 | €31,157,438 | -€8.3m | -21.1% |
| Goods for resale, raw materials and consumables | 60 | €25,454,812 | €18,123,286 | -€7.3m | -28.8% |
| Purchases | 600/8 | €29,509,833 | €18,755,846 | -€10.8m | -36.4% |
| Change in stocks: decrease (increase) | 609 | -€4,055,020 | -€632,560 | +€3.4m | +84.4% |
| Services and other goods | 61 | €11,621,852 | €10,650,052 | -€971,800 | -8.4% |
| Remuneration, social security and pensions | 62 | €1,839,039 | €1,553,355 | -€285,685 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,373 | €403,654 | +€100,281 | +33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€64,272 | -€530,675 | -€466,402 | -726% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €129,468 | €132,566 | +€3,098 | +2.4% |
| Other operating charges | 640/8 | €198,201 | €700,593 | +€502,392 | +253% |
| Non-recurring operating charges | 66A | €15,521 | €124,607 | +€109,086 | +703% |
| Operating profit (loss) | 9901 | €658,980 | €834,674 | +€175,694 | +26.7% |
| Financial income | 75/76B | €49,951 | €24,107 | -€25,845 | -51.7% |
| Recurring financial income | 75 | €49,951 | €24,107 | -€25,845 | -51.7% |
| Income from current assets | 751 | €3 | €2,838 | +€2,835 | +112,065% |
| Other financial income | 752/9 | €49,949 | €21,269 | -€28,680 | -57.4% |
| Financial charges | 65/66B | €505,927 | €473,282 | -€32,645 | -6.5% |
| Recurring financial charges | 65 | €505,927 | €473,282 | -€32,645 | -6.5% |
| Debt charges | 650 | €465,120 | €407,490 | -€57,631 | -12.4% |
| Other financial charges | 652/9 | €40,806 | €65,792 | +€24,986 | +61.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €203,004 | €385,499 | +€182,494 | +89.9% |
| Transfer from deferred taxes | 780 | €67 | €67 | +€0 | +0.1% |
| Income taxes | 67/77 | €70,333 | €118,917 | +€48,584 | +69.1% |
| Taxes | 670/3 | €70,333 | €118,917 | +€48,584 | +69.1% |
| Profit (loss) for the period | 9904 | €132,738 | €266,649 | +€133,910 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €132,738 | €266,649 | +€133,910 | +101% |
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 13 October 2026 via checked.be.