ICEPROD: 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.
What changed
ICEPROD
NACE 47.120, Other non-specialised retail sale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€310,646
2024 · €1.4m-€1.1m
Equity
€4.3m
2024 · €4.0m+€299,341
Cash
€1.1m
2024 · €1.0m+€74,590
Balance sheet total
€13.5m
2024 · €11.7m+€1.8m
Largest movements
Assets
- Receivables within one year +€2.4m
up €2.4m (+278.3%), from €851,346 to €3.2m
of which Trade receivables: +€1.3m
- Tangible fixed assets -€1.5m
down €1.5m (-20.4%), from €7.2m to €5.7m
of which Assets under construction and advance payments: -€837,937
- Current investments +€497,218
up €497,218 (+49.7%), from €1.0m to €1.5m
- Stocks and contracts +€360,804
up €360,804 (+23.2%), from €1.6m to €1.9m
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+364.5%), from €360,670 to €1.7m
- Reserves +€547,300
up €547,300 (+15.9%), from €3.4m to €4.0m
of which Tax-exempt reserves: +€547,300
- Debts after one year -€478,972
down €478,972 (-8.1%), from €5.9m to €5.4m
- Tax, wage and social debts +€415,643
up €415,643 (+57.6%), from €721,550 to €1.1m
of which Taxes: +€425,666
- Profit (loss) carried forward -€236,654
down €236,654 (-54.0%), from €437,918 to €201,264
Income statement
- Goods and materials +€1.9m
up €1.9m (+27.0%), from €7.1m to €9.0m
of which Purchases: +€1.8m
- Turnover +€1.4m
up €1.4m (+11.0%), from €12.6m to €14.0m
- Financial charges +€500,126
up €500,126 (+96.3%), from €519,326 to €1.0m
- Services and other goods +€337,201
up €337,201 (+14.5%), from €2.3m to €2.7m
- Taxes -€285,587
down €285,587 (-55.9%), from €510,526 to €224,939
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
€1.4m
Turnover
+€1.4m
Other operating income
+€106,321
Goods and materials
-€1.9m
Services and other goods
-€337,201
Staff costs
-€48,489
Depreciation
+€19,507
Write-downs
+€128,430
Provisions
-€107,560
Other operating charges
-€5,641
Other operating items
-€131,341
Financial income
-€23,594
Financial charges
-€500,126
Taxes
+€285,587
Result 2025
€310,646
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.
From operations
-€32,424
Investment
+€568,350
Financing
-€461,337
Cash 2024
€1.0m
From operations (derived)
-€32,424
Net result for the year
+€310,646
Depreciation
+€405,374
Stocks and contracts
-€360,804
Receivables within one year
-€2.4m
Deferred charges and accrued income
+€6,644
Provisions
+€107,560
Trade debts
+€1.3m
Tax, wage and social debts
+€415,643
Other debts
+€136,950
Investment (derived)
+€568,350
Investment in fixed assets (net)
+€1.1m
Current investments
-€497,218
Financing
-€461,337
Debts after one year
-€478,972
Current portion of long-term debt
+€28,941
Contributions, distributions and other
-€11,305
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,710,782 | €13,534,856 | +€1.8m | +15.6% |
| Fixed assets | 21/28 | €7,205,551 | €5,734,609 | -€1.5m | -20.4% |
| Tangible fixed assets | 22/27 | €7,204,821 | €5,733,879 | -€1.5m | -20.4% |
| Land and buildings | 22 | €6,245,847 | €5,635,464 | -€610,382 | -9.8% |
| Plant, machinery and equipment | 23 | €62,000 | €63,145 | +€1,145 | +1.8% |
| Furniture and vehicles | 24 | €59,037 | €35,270 | -€23,768 | -40.3% |
| Assets under construction and advance payments | 27 | €837,937 | - | -€837,937 | |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Affiliated companies | 280/1 | €730 | €730 | = | 0.0% |
| Participating interests | 280 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €4,505,231 | €7,800,248 | +€3.3m | +73.1% |
| Stocks and contracts in progress | 3 | €1,556,782 | €1,917,586 | +€360,804 | +23.2% |
| Stocks | 30/36 | €1,556,782 | €1,917,586 | +€360,804 | +23.2% |
| Goods purchased for resale | 34 | €1,556,782 | €1,917,586 | +€360,804 | +23.2% |
| Amounts receivable within one year | 40/41 | €851,346 | €3,220,395 | +€2.4m | +278.3% |
| Trade receivables | 40 | €246,901 | €1,562,333 | +€1.3m | +532.8% |
| Other amounts receivable | 41 | €604,445 | €1,658,062 | +€1.1m | +174.3% |
| Current investments | 50/53 | €1,000,094 | €1,497,312 | +€497,218 | +49.7% |
| Other investments | 51/53 | €1,000,094 | €1,497,312 | +€497,218 | +49.7% |
| Cash at bank and in hand | 54/58 | €1,041,142 | €1,115,732 | +€74,590 | +7.2% |
| Deferred charges and accrued income | 490/1 | €55,866 | €49,222 | -€6,644 | -11.9% |
| Total equity and liabilities | 10/49 | €11,710,782 | €13,534,856 | +€1.8m | +15.6% |
| Equity | 10/15 | €3,981,065 | €4,280,405 | +€299,341 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,434,106 | €3,981,406 | +€547,300 | +15.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,553,490 | €2,100,790 | +€547,300 | +35.2% |
| Distributable reserves | 133 | €1,878,756 | €1,878,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | €437,918 | €201,264 | -€236,654 | -54.0% |
| Investment grants | 15 | €90,441 | €79,136 | -€11,305 | -12.5% |
| Provisions and deferred taxes | 16 | - | €107,560 | +€107,560 | |
| Provisions for liabilities and charges | 160/5 | - | €107,560 | +€107,560 | |
| Other liabilities and charges | 164/5 | - | €107,560 | +€107,560 | |
| Amounts payable | 17/49 | €7,729,718 | €9,146,891 | +€1.4m | +18.3% |
| Amounts payable after more than one year | 17 | €5,900,332 | €5,421,360 | -€478,972 | -8.1% |
| Financial debts | 170/4 | €5,900,332 | €5,421,360 | -€478,972 | -8.1% |
| Credit institutions | 173 | €3,125,305 | €3,055,143 | -€70,161 | -2.2% |
| Other loans | 174 | €2,775,027 | €2,366,216 | -€408,811 | -14.7% |
| Amounts payable within one year | 42/48 | €1,829,386 | €3,725,531 | +€1.9m | +103.6% |
| Current portion of amounts payable after more than one year | 42 | €747,165 | €776,106 | +€28,941 | +3.9% |
| Trade debts | 44 | €360,670 | €1,675,282 | +€1.3m | +364.5% |
| Suppliers | 440/4 | €360,670 | €1,675,282 | +€1.3m | +364.5% |
| Taxes, remuneration and social security | 45 | €721,550 | €1,137,193 | +€415,643 | +57.6% |
| Taxes | 450/3 | €680,627 | €1,106,294 | +€425,666 | +62.5% |
| Remuneration and social security | 454/9 | €40,923 | €30,900 | -€10,023 | -24.5% |
| Other amounts payable | 47/48 | - | €136,950 | +€136,950 | |
| Operating income | 70/76A | €12,637,480 | €14,134,692 | +€1.5m | +11.8% |
| Turnover | 70 | €12,603,542 | €13,994,434 | +€1.4m | +11.0% |
| Other operating income | 74 | €33,937 | €140,259 | +€106,321 | +313.3% |
| Operating charges | 60/66A | €10,209,989 | €12,600,404 | +€2.4m | +23.4% |
| Goods for resale, raw materials and consumables | 60 | €7,054,199 | €8,962,319 | +€1.9m | +27.0% |
| Purchases | 600/8 | €7,537,924 | €9,323,123 | +€1.8m | +23.7% |
| Change in stocks: decrease (increase) | 609 | -€483,725 | -€360,804 | +€122,921 | +25.4% |
| Services and other goods | 61 | €2,319,288 | €2,656,489 | +€337,201 | +14.5% |
| Remuneration, social security and pensions | 62 | €253,976 | €302,465 | +€48,489 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424,881 | €405,374 | -€19,507 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €128,430 | - | -€128,430 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €107,560 | +€107,560 | |
| Other operating charges | 640/8 | €29,214 | €34,855 | +€5,641 | +19.3% |
| Non-recurring operating charges | 66A | - | €131,341 | +€131,341 | |
| Operating profit (loss) | 9901 | €2,427,491 | €1,534,288 | -€893,203 | -36.8% |
| Financial income | 75/76B | €44,342 | €20,748 | -€23,594 | -53.2% |
| Recurring financial income | 75 | €44,342 | €20,748 | -€23,594 | -53.2% |
| Income from financial fixed assets | 750 | €4,102 | - | -€4,102 | |
| Other financial income | 752/9 | €40,241 | €20,748 | -€19,492 | -48.4% |
| Financial charges | 65/66B | €519,326 | €1,019,452 | +€500,126 | +96.3% |
| Recurring financial charges | 65 | €519,326 | €1,019,452 | +€500,126 | +96.3% |
| Debt charges | 650 | €126,559 | €135,864 | +€9,305 | +7.4% |
| Other financial charges | 652/9 | €392,767 | €883,589 | +€490,821 | +125.0% |
| Profit (loss) for the period before taxes | 9903 | €1,952,507 | €535,584 | -€1.4m | -72.6% |
| Income taxes | 67/77 | €510,526 | €224,939 | -€285,587 | -55.9% |
| Taxes | 670/3 | €510,526 | €224,939 | -€285,587 | -55.9% |
| Profit (loss) for the period | 9904 | €1,441,981 | €310,646 | -€1.1m | -78.5% |
| Transfer to tax-exempt reserves | 689 | €921,990 | €547,300 | -€374,690 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €519,991 | -€236,654 | -€756,645 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.