ICF CONSTRUCTION: 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.
ICF CONSTRUCTION
Largest movements
- Cash +€4,921
up €4,921 (+583.1%), from €844 to €5,765
mainly Net result for the year (+€2,965) and Depreciation (+€2,061)
- Tangible fixed assets -€2,061
down €2,061 (-36.1%), from €5,707 to €3,646
of which Plant, machinery and equipment: -€1,955
- Receivables within one year +€1,923
up €1,923 (+14.6%), from €13,209 to €15,132
of which Trade receivables: +€1,029
- Profit (loss) carried forward +€2,965
up €2,965 (+17.7%), from -€16,737 to -€13,772
- Accrued charges and deferred income +€895
new in 2025: €895
- Trade debts +€867
up €867 (+96.5%), from €898 to €1,765
- Other debts -€262
down €262 (-6.7%), from €3,900 to €3,638
- Gross operating margin +€4,851
up €4,851 (+177.6%), from €2,732 to €7,583
- Taxes +€1,670
up €1,670 (+486.9%), from €343 to €2,013
- Depreciation -€194
down €194 (-8.6%), from €2,255 to €2,061
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 | €20,771 | €25,438 | +€4,667 | +22.5% |
| Fixed assets | 21/28 | €5,707 | €3,646 | -€2,061 | -36.1% |
| Tangible fixed assets | 22/27 | €5,707 | €3,646 | -€2,061 | -36.1% |
| Plant, machinery and equipment | 23 | €5,601 | €3,646 | -€1,955 | -34.9% |
| Furniture and vehicles | 24 | €106 | - | -€106 | |
| Current assets | 29/58 | €15,064 | €21,792 | +€6,728 | +44.7% |
| Amounts receivable within one year | 40/41 | €13,209 | €15,132 | +€1,923 | +14.6% |
| Trade receivables | 40 | - | €1,029 | +€1,029 | |
| Other amounts receivable | 41 | €13,209 | €14,103 | +€894 | +6.8% |
| Cash at bank and in hand | 54/58 | €844 | €5,765 | +€4,921 | +583.1% |
| Deferred charges and accrued income | 490/1 | €1,011 | €895 | -€116 | -11.5% |
| Total equity and liabilities | 10/49 | €20,771 | €25,438 | +€4,667 | +22.5% |
| Equity | 10/15 | €2,205 | €5,170 | +€2,965 | +134.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342 | €342 | = | 0.0% |
| Distributable reserves | 133 | €342 | €342 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,737 | -€13,772 | +€2,965 | +17.7% |
| Amounts payable | 17/49 | €18,566 | €20,268 | +€1,702 | +9.2% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,566 | €9,373 | +€807 | +9.4% |
| Trade debts | 44 | €898 | €1,765 | +€867 | +96.5% |
| Suppliers | 440/4 | €898 | €1,765 | +€867 | +96.5% |
| Taxes, remuneration and social security | 45 | €3,768 | €3,970 | +€202 | +5.4% |
| Taxes | 450/3 | €399 | €2,101 | +€1,702 | +426.6% |
| Remuneration and social security | 454/9 | €3,369 | €1,869 | -€1,500 | -44.5% |
| Other amounts payable | 47/48 | €3,900 | €3,638 | -€262 | -6.7% |
| Accrued charges and deferred income | 492/3 | - | €895 | +€895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,255 | €2,061 | -€194 | -8.6% |
| Other operating charges | 640/8 | €27 | €53 | +€26 | +96.3% |
| Gross operating margin | 9900 | €2,732 | €7,583 | +€4,851 | +177.6% |
| Operating profit (loss) | 9901 | €450 | €5,469 | +€5,019 | +1115.3% |
| Financial charges | 65/66B | €422 | €491 | +€69 | +16.4% |
| Recurring financial charges | 65 | €422 | €491 | +€69 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €28 | €4,978 | +€4,950 | +17678.6% |
| Income taxes | 67/77 | €343 | €2,013 | +€1,670 | +486.9% |
| Profit (loss) for the period | 9904 | -€315 | €2,965 | +€3,280 | |
| Profit (loss) for the period to be appropriated | 9905 | -€315 | €2,965 | +€3,280 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.