Iceberg Consulting: 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.
Iceberg Consulting
Largest movements
- Current investments -€250,000
down €250,000 (-35.6%), from €702,756 to €452,756
- Tangible fixed assets -€66,694
down €66,694 (-14.3%), from €467,525 to €400,831
of which Land and buildings: -€46,242
- Receivables within one year -€51,890
down €51,890 (-52.7%), from €98,441 to €46,551
of which Trade receivables: -€33,473
- Other debts -€278,902
down €278,902 (-57.5%), from €485,259 to €206,357
- Reserves -€103,092
down €103,092 (-17.8%), from €579,471 to €476,380
of which Distributable reserves: -€103,092
- Gross operating margin -€39,146
down €39,146 (-12.4%), from €314,787 to €275,641
- Other operating charges -€34,259
down €34,259 (-88.2%), from €38,837 to €4,579
- Taxes -€27,354
down €27,354 (-32.5%), from €84,221 to €56,867
- Depreciation +€15,599
up €15,599 (+30.5%), from €51,095 to €66,694
- Financial charges -€4,367
down €4,367 (-10.1%), from €43,044 to €38,677
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,536,595 | €1,160,274 | -€376,320 | -24.5% |
| Fixed assets | 21/28 | €467,525 | €400,831 | -€66,694 | -14.3% |
| Tangible fixed assets | 22/27 | €467,525 | €400,831 | -€66,694 | -14.3% |
| Land and buildings | 22 | €372,042 | €325,800 | -€46,242 | -12.4% |
| Plant, machinery and equipment | 23 | €2,555 | €1,597 | -€958 | -37.5% |
| Furniture and vehicles | 24 | €92,928 | €73,434 | -€19,494 | -21.0% |
| Current assets | 29/58 | €1,069,070 | €759,444 | -€309,626 | -29.0% |
| Amounts receivable within one year | 40/41 | €98,441 | €46,551 | -€51,890 | -52.7% |
| Trade receivables | 40 | €71,640 | €38,167 | -€33,473 | -46.7% |
| Other amounts receivable | 41 | €26,801 | €8,384 | -€18,418 | -68.7% |
| Current investments | 50/53 | €702,756 | €452,756 | -€250,000 | -35.6% |
| Cash at bank and in hand | 54/58 | €258,597 | €253,097 | -€5,501 | -2.1% |
| Deferred charges and accrued income | 490/1 | €9,275 | €7,040 | -€2,235 | -24.1% |
| Total equity and liabilities | 10/49 | €1,536,595 | €1,160,274 | -€376,320 | -24.5% |
| Equity | 10/15 | €594,471 | €491,380 | -€103,092 | -17.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €579,471 | €476,380 | -€103,092 | -17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €577,611 | €474,520 | -€103,092 | -17.8% |
| Provisions and deferred taxes | 16 | €416,594 | €419,276 | +€2,682 | +0.6% |
| Provisions for liabilities and charges | 160/5 | €416,594 | €419,276 | +€2,682 | +0.6% |
| Other liabilities and charges | 164/5 | €416,594 | €419,276 | +€2,682 | +0.6% |
| Amounts payable | 17/49 | €525,529 | €249,619 | -€275,910 | -52.5% |
| Amounts payable after more than one year | 17 | €7,808 | - | -€7,808 | |
| Financial debts | 170/4 | €7,808 | - | -€7,808 | |
| Amounts payable within one year | 42/48 | €517,722 | €249,619 | -€268,103 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €10,025 | €7,808 | -€2,218 | -22.1% |
| Trade debts | 44 | €5,942 | €8,361 | +€2,419 | +40.7% |
| Suppliers | 440/4 | €5,942 | €8,361 | +€2,419 | +40.7% |
| Taxes, remuneration and social security | 45 | €16,495 | €27,093 | +€10,598 | +64.3% |
| Taxes | 450/3 | €14,195 | €24,793 | +€10,598 | +74.7% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €485,259 | €206,357 | -€278,902 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,095 | €66,694 | +€15,599 | +30.5% |
| Other operating charges | 640/8 | €38,837 | €4,579 | -€34,259 | -88.2% |
| Gross operating margin | 9900 | €314,787 | €275,641 | -€39,146 | -12.4% |
| Operating profit (loss) | 9901 | €224,855 | €204,368 | -€20,486 | -9.1% |
| Financial income | 75/76B | €17,141 | €18,576 | +€1,436 | +8.4% |
| Recurring financial income | 75 | €17,141 | €18,576 | +€1,436 | +8.4% |
| Financial charges | 65/66B | €43,044 | €38,677 | -€4,367 | -10.1% |
| Recurring financial charges | 65 | €43,044 | €38,677 | -€4,367 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €198,951 | €184,268 | -€14,684 | -7.4% |
| Income taxes | 67/77 | €84,221 | €56,867 | -€27,354 | -32.5% |
| Profit (loss) for the period | 9904 | €114,730 | €127,400 | +€12,670 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,730 | €127,400 | +€12,670 | +11.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.