ICETESY: 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.
ICETESY
Largest movements
- Current investments -€17,860
down €17,860 (-63.3%), from €28,195 to €10,336
- Cash +€3,313
up €3,313 (+514%), from €644 to €3,958
mainly Current investments (+€17,860) and Depreciation (+€1,051)
- Tangible fixed assets -€1,051
down €1,051 (-46.6%), from €2,257 to €1,206
- Receivables within one year -€359
down €359 (-66.5%), from €540 to €181
- Profit (loss) carried forward -€15,959
down €15,959, from €10,159 to -€5,800
- Gross operating margin -€972
down €972 (-7.1%), from -€13,642 to -€14,614
- Depreciation -€265
down €265 (-20.1%), from €1,316 to €1,051
- Financial income -€179
down €179 (-47.2%), from €380 to €201
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 | €31,636 | €15,680 | -€15,956 | -50.4% |
| Fixed assets | 21/28 | €2,257 | €1,206 | -€1,051 | -46.6% |
| Tangible fixed assets | 22/27 | €2,257 | €1,206 | -€1,051 | -46.6% |
| Plant, machinery and equipment | 23 | €2,257 | €1,206 | -€1,051 | -46.6% |
| Current assets | 29/58 | €29,379 | €14,475 | -€14,905 | -50.7% |
| Amounts receivable within one year | 40/41 | €540 | €181 | -€359 | -66.5% |
| Other amounts receivable | 41 | €540 | €181 | -€359 | -66.5% |
| Current investments | 50/53 | €28,195 | €10,336 | -€17,860 | -63.3% |
| Cash at bank and in hand | 54/58 | €644 | €3,958 | +€3,313 | +514% |
| Total equity and liabilities | 10/49 | €31,636 | €15,680 | -€15,956 | -50.4% |
| Equity | 10/15 | €30,619 | €14,660 | -€15,959 | -52.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,159 | -€5,800 | -€15,959 | |
| Amounts payable | 17/49 | €1,017 | €1,021 | +€3 | +0.3% |
| Amounts payable within one year | 42/48 | €1,017 | €1,021 | +€3 | +0.3% |
| Taxes, remuneration and social security | 45 | €17 | €21 | +€3 | +20.0% |
| Taxes | 450/3 | €17 | €21 | +€3 | +20.0% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,316 | €1,051 | -€265 | -20.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€13,642 | -€14,614 | -€972 | -7.1% |
| Operating profit (loss) | 9901 | -€15,345 | -€16,064 | -€719 | -4.7% |
| Financial income | 75/76B | €380 | €201 | -€179 | -47.2% |
| Recurring financial income | 75 | €380 | €201 | -€179 | -47.2% |
| Financial charges | 65/66B | €96 | €95 | -€0 | -0.4% |
| Recurring financial charges | 65 | €96 | €95 | -€0 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,061 | -€15,959 | -€898 | -6.0% |
| Profit (loss) for the period | 9904 | -€15,061 | -€15,959 | -€898 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,061 | -€15,959 | -€898 | -6.0% |
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 13 October 2026 via checked.be.