ICERA: 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.
ICERA
Largest movements
- Cash +€18,938
up €18,938 (+5.7%), from €330,751 to €349,689
mainly Net result for the year (+€27,747) and Trade debts (+€1,477)
- Receivables within one year +€11,466
up €11,466 (+299%), from €3,832 to €15,298
of which Trade receivables: +€12,576
- Reserves +€27,747
up €27,747 (+9.8%), from €282,839 to €310,586
of which Distributable reserves: +€27,747
- Gross operating margin +€4,957
up €4,957 (+8.3%), from €59,561 to €64,518
- Taxes +€1,571
up €1,571 (+13.8%), from €11,391 to €12,963
- Depreciation -€741
down €741 (-49.0%), from €1,512 to €770
- Staff costs +€658
up €658 (+3.0%), from €22,175 to €22,833
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 | €336,771 | €366,620 | +€29,849 | +8.9% |
| Fixed assets | 21/28 | €2,075 | €1,304 | -€770 | -37.1% |
| Tangible fixed assets | 22/27 | €2,075 | €1,304 | -€770 | -37.1% |
| Furniture and vehicles | 24 | €2,075 | €1,304 | -€770 | -37.1% |
| Current assets | 29/58 | €334,696 | €365,315 | +€30,620 | +9.1% |
| Amounts receivable within one year | 40/41 | €3,832 | €15,298 | +€11,466 | +299% |
| Trade receivables | 40 | €2,720 | €15,296 | +€12,576 | +462% |
| Other amounts receivable | 41 | €1,112 | €2 | -€1,110 | -99.8% |
| Cash at bank and in hand | 54/58 | €330,751 | €349,689 | +€18,938 | +5.7% |
| Deferred charges and accrued income | 490/1 | €112 | €328 | +€215 | +191% |
| Total equity and liabilities | 10/49 | €336,771 | €366,620 | +€29,849 | +8.9% |
| Equity | 10/15 | €330,511 | €358,258 | +€27,747 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €282,839 | €310,586 | +€27,747 | +9.8% |
| 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 | €280,979 | €308,726 | +€27,747 | +9.9% |
| Profit (loss) carried forward | 14 | €41,472 | €41,472 | = | 0.0% |
| Amounts payable | 17/49 | €6,259 | €8,362 | +€2,102 | +33.6% |
| Amounts payable within one year | 42/48 | €6,259 | €8,362 | +€2,102 | +33.6% |
| Trade debts | 44 | €1,804 | €3,282 | +€1,477 | +81.9% |
| Suppliers | 440/4 | €1,804 | €3,282 | +€1,477 | +81.9% |
| Taxes, remuneration and social security | 45 | €4,455 | €5,069 | +€614 | +13.8% |
| Taxes | 450/3 | €1,102 | €1,393 | +€292 | +26.5% |
| Remuneration and social security | 454/9 | €3,353 | €3,676 | +€323 | +9.6% |
| Other amounts payable | 47/48 | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €22,175 | €22,833 | +€658 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,512 | €770 | -€741 | -49.0% |
| Other operating charges | 640/8 | €125 | - | -€125 | |
| Gross operating margin | 9900 | €59,561 | €64,518 | +€4,957 | +8.3% |
| Operating profit (loss) | 9901 | €35,750 | €40,915 | +€5,165 | +14.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.6% |
| Financial charges | 65/66B | €170 | €206 | +€36 | +21.1% |
| Recurring financial charges | 65 | €170 | €206 | +€36 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €35,581 | €40,709 | +€5,128 | +14.4% |
| Income taxes | 67/77 | €11,391 | €12,963 | +€1,571 | +13.8% |
| Profit (loss) for the period | 9904 | €24,190 | €27,747 | +€3,557 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,190 | €27,747 | +€3,557 | +14.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.