ICE WAY: 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 WAY
Largest movements
- Tangible fixed assets -€412,747
down €412,747 (-25.4%), from €1.6m to €1.2m
of which Leasing and similar rights: -€301,044
- Cash +€237,729
up €237,729 (+33.7%), from €704,943 to €942,672
mainly Depreciation (+€446,411) and Net result for the year (+€182,782)
- Deferred charges and accrued income -€33,782
down €33,782 (-81.1%), from €41,640 to €7,858
- Debts after one year -€353,350
down €353,350 (-37.2%), from €950,966 to €597,616
- Profit (loss) carried forward +€182,782
up €182,782 (+14.1%), from €1.3m to €1.5m
- Trade debts -€47,518
down €47,518 (-46.7%), from €101,659 to €54,142
- Tax, wage and social debts +€32,282
up €32,282 (+12.6%), from €255,666 to €287,948
of which Taxes: +€20,080
- Gross operating margin +€177,061
up €177,061 (+8.0%), from €2.2m to €2.4m
- Taxes +€52,891
up €52,891 (+546%), from €9,685 to €62,576
- Depreciation -€29,802
down €29,802 (-6.3%), from €476,213 to €446,411
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 | €3,032,035 | €2,834,711 | -€197,324 | -6.5% |
| Fixed assets | 21/28 | €1,646,948 | €1,227,727 | -€419,221 | -25.5% |
| Tangible fixed assets | 22/27 | €1,622,353 | €1,209,606 | -€412,747 | -25.4% |
| Plant, machinery and equipment | 23 | €42,005 | €27,562 | -€14,443 | -34.4% |
| Furniture and vehicles | 24 | €45,418 | €39,930 | -€5,488 | -12.1% |
| Leasing and similar rights | 25 | €982,117 | €681,072 | -€301,044 | -30.7% |
| Other tangible fixed assets | 26 | €552,814 | €461,042 | -€91,772 | -16.6% |
| Financial fixed assets | 28 | €24,595 | €18,121 | -€6,474 | -26.3% |
| Current assets | 29/58 | €1,385,087 | €1,606,984 | +€221,897 | +16.0% |
| Amounts receivable within one year | 40/41 | €638,504 | €656,453 | +€17,950 | +2.8% |
| Trade receivables | 40 | €555,783 | €652,240 | +€96,457 | +17.4% |
| Other amounts receivable | 41 | €82,721 | €4,213 | -€78,507 | -94.9% |
| Cash at bank and in hand | 54/58 | €704,943 | €942,672 | +€237,729 | +33.7% |
| Deferred charges and accrued income | 490/1 | €41,640 | €7,858 | -€33,782 | -81.1% |
| Total equity and liabilities | 10/49 | €3,032,035 | €2,834,711 | -€197,324 | -6.5% |
| Equity | 10/15 | €1,312,779 | €1,495,562 | +€182,782 | +13.9% |
| 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 | €1,292,319 | €1,475,102 | +€182,782 | +14.1% |
| Amounts payable | 17/49 | €1,719,256 | €1,339,149 | -€380,107 | -22.1% |
| Amounts payable after more than one year | 17 | €950,966 | €597,616 | -€353,350 | -37.2% |
| Financial debts | 170/4 | €950,966 | €597,616 | -€353,350 | -37.2% |
| Amounts payable within one year | 42/48 | €768,290 | €741,533 | -€26,756 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €410,965 | €399,444 | -€11,521 | -2.8% |
| Trade debts | 44 | €101,659 | €54,142 | -€47,518 | -46.7% |
| Suppliers | 440/4 | €101,659 | €54,142 | -€47,518 | -46.7% |
| Taxes, remuneration and social security | 45 | €255,666 | €287,948 | +€32,282 | +12.6% |
| Taxes | 450/3 | €61,557 | €81,637 | +€20,080 | +32.6% |
| Remuneration and social security | 454/9 | €194,109 | €206,310 | +€12,202 | +6.3% |
| Non-recurring operating income | 76A | €2,750 | - | -€2,750 | |
| Remuneration, social security and pensions | 62 | €1,521,924 | €1,512,192 | -€9,731 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476,213 | €446,411 | -€29,802 | -6.3% |
| Other operating charges | 640/8 | €109,353 | €96,024 | -€13,329 | -12.2% |
| Non-recurring operating charges | 66A | €19,566 | €19,143 | -€423 | -2.2% |
| Gross operating margin | 9900 | €2,212,369 | €2,389,431 | +€177,061 | +8.0% |
| Operating profit (loss) | 9901 | €85,314 | €315,660 | +€230,347 | +270% |
| Financial income | 75/76B | €23,880 | €2,208 | -€21,672 | -90.8% |
| Recurring financial income | 75 | €350 | €1,208 | +€858 | +245% |
| Non-recurring financial income | 76B | €23,529 | €1,000 | -€22,529 | -95.7% |
| Financial charges | 65/66B | €78,868 | €72,510 | -€6,358 | -8.1% |
| Recurring financial charges | 65 | €78,868 | €72,510 | -€6,358 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €30,326 | €245,358 | +€215,033 | +709% |
| Income taxes | 67/77 | €9,685 | €62,576 | +€52,891 | +546% |
| Profit (loss) for the period | 9904 | €20,641 | €182,782 | +€162,141 | +786% |
| Profit (loss) for the period to be appropriated | 9905 | €20,641 | €182,782 | +€162,141 | +786% |
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 21 October 2026 via checked.be.