ICECUT: 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.
ICECUT
Largest movements
- Receivables within one year -€14,070
down €14,070 (-56.7%), from €24,813 to €10,743
of which Trade receivables: -€13,869
- Tangible fixed assets -€935
down €935 (-57.2%), from €1,634 to €700
of which Furniture and vehicles: -€550
- Deferred charges and accrued income +€503
up €503 (+33.2%), from €1,514 to €2,017
- Advances received -€10,344
no longer reported in 2025 (was €10,344)
- Profit (loss) carried forward -€9,941
down €9,941 (-109.0%), from -€9,120 to -€19,062
- Other debts +€4,295
up €4,295 (+70.5%), from €6,090 to €10,384
- Trade debts +€1,715
up €1,715 (+20.8%), from €8,258 to €9,973
- Staff costs -€9,659
down €9,659 (-19.9%), from €48,571 to €38,912
- Gross operating margin -€7,572
down €7,572 (-20.0%), from €37,933 to €30,360
- Financial charges -€747
down €747 (-81.1%), from €921 to €174
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 | €28,002 | €13,726 | -€14,275 | -51.0% |
| Fixed assets | 21/28 | €1,634 | €700 | -€935 | -57.2% |
| Tangible fixed assets | 22/27 | €1,634 | €700 | -€935 | -57.2% |
| Plant, machinery and equipment | 23 | €685 | €345 | -€341 | -49.7% |
| Furniture and vehicles | 24 | €633 | €83 | -€550 | -86.9% |
| Other tangible fixed assets | 26 | €316 | €272 | -€44 | -13.8% |
| Current assets | 29/58 | €26,367 | €13,027 | -€13,340 | -50.6% |
| Amounts receivable within one year | 40/41 | €24,813 | €10,743 | -€14,070 | -56.7% |
| Trade receivables | 40 | €24,040 | €10,171 | -€13,869 | -57.7% |
| Other amounts receivable | 41 | €773 | €572 | -€201 | -26.0% |
| Cash at bank and in hand | 54/58 | €41 | €267 | +€226 | +554.6% |
| Deferred charges and accrued income | 490/1 | €1,514 | €2,017 | +€503 | +33.2% |
| Total equity and liabilities | 10/49 | €28,002 | €13,726 | -€14,275 | -51.0% |
| Equity | 10/15 | €3,311 | -€6,631 | -€9,941 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31 | €31 | = | 0.0% |
| Distributable reserves | 133 | €31 | €31 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,120 | -€19,062 | -€9,941 | -109.0% |
| Amounts payable | 17/49 | €24,691 | €20,357 | -€4,334 | -17.6% |
| Amounts payable within one year | 42/48 | €24,691 | €20,357 | -€4,334 | -17.6% |
| Trade debts | 44 | €8,258 | €9,973 | +€1,715 | +20.8% |
| Suppliers | 440/4 | €8,258 | €9,973 | +€1,715 | +20.8% |
| Advances received on contracts in progress | 46 | €10,344 | - | -€10,344 | |
| Other amounts payable | 47/48 | €6,090 | €10,384 | +€4,295 | +70.5% |
| Non-recurring operating income | 76A | €74 | €228 | +€154 | +208.4% |
| Remuneration, social security and pensions | 62 | €48,571 | €38,912 | -€9,659 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €935 | -€228 | -19.6% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €37,933 | €30,360 | -€7,572 | -20.0% |
| Operating profit (loss) | 9901 | -€12,370 | -€10,072 | +€2,298 | +18.6% |
| Financial income | 75/76B | - | €305 | +€305 | |
| Recurring financial income | 75 | - | €305 | +€305 | |
| Financial charges | 65/66B | €921 | €174 | -€747 | -81.1% |
| Recurring financial charges | 65 | €921 | €174 | -€747 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,291 | -€9,941 | +€3,350 | +25.2% |
| Profit (loss) for the period | 9904 | -€13,291 | -€9,941 | +€3,350 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,291 | -€9,941 | +€3,350 | +25.2% |
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 10 October 2026 via checked.be.