ICF NEXT: 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.
What changed
ICF NEXT
NACE 73.110, Advertising agencies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €2.0m-€421,136
Equity
€22.0m
2024 · €24.4m-€2.4m
Cash
€242,809
2024 · €183,398+€59,411
Balance sheet total
€32.8m
2024 · €33.1m-€242,776
Largest movements
Assets
- Receivables within one year -€5.9m
down €5.9m (-32.0%), from €18.3m to €12.5m
of which Other amounts receivable: -€5.2m
- Deferred charges and accrued income +€5.6m
up €5.6m (+54.4%), from €10.3m to €15.9m
Equity and liabilities
- Reserves -€2.4m
down €2.4m (-11.4%), from €21.4m to €19.0m
of which Distributable reserves: -€2.4m
- Trade debts +€2.2m
up €2.2m (+60.6%), from €3.7m to €5.9m
- Accrued charges and deferred income -€615,255
down €615,255 (-17.9%), from €3.4m to €2.8m
- Tax, wage and social debts +€587,162
up €587,162 (+38.9%), from €1.5m to €2.1m
of which Remuneration and social security: +€354,749
Income statement
- Staff costs +€2.1m
up €2.1m (+19.7%), from €10.9m to €13.1m
- Goods and materials -€1.4m
down €1.4m (-4.6%), from €29.8m to €28.4m
- Services and other goods -€719,274
down €719,274 (-11.6%), from €6.2m to €5.5m
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
€2.0m
Turnover
-€316,433
Other operating income
+€85,668
Goods and materials
+€1.4m
Services and other goods
+€719,274
Staff costs
-€2.1m
Depreciation
-€47,762
Write-downs
-€1,254
Provisions
-€100,000
Other operating charges
-€15,416
Financial income
+€312,923
Financial charges
-€253,866
Taxes
-€25,020
Result 2025
€1.6m
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
+€4.2m
Investment
-€115,093
Financing
-€4.1m
Cash 2024
€183,398
From operations (derived)
+€4.2m
Net result for the year
+€1.6m
Depreciation
+€144,656
Receivables within one year
+€5.9m
Deferred charges and accrued income
-€5.6m
Trade debts
+€2.2m
Tax, wage and social debts
+€587,162
Accrued charges and deferred income
-€615,255
Investment (derived)
-€115,093
Investment in fixed assets (net)
-€115,093
Financing
-€4.1m
Contributions, distributions and other
-€4.1m
Cash 2025
€242,809
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,055,057 | €32,812,281 | -€242,776 | -0.7% |
| Fixed assets | 21/28 | €4,240,035 | €4,210,472 | -€29,563 | -0.7% |
| Tangible fixed assets | 22/27 | €320,592 | €291,029 | -€29,563 | -9.2% |
| Furniture and vehicles | 24 | €320,592 | €291,029 | -€29,563 | -9.2% |
| Financial fixed assets | 28 | €3,919,443 | €3,919,443 | = | 0.0% |
| Affiliated companies | 280/1 | €3,909,643 | €3,909,643 | = | 0.0% |
| Amounts receivable | 281 | €3,909,643 | €3,909,643 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,800 | €9,800 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,800 | €9,800 | = | 0.0% |
| Current assets | 29/58 | €28,815,022 | €28,601,809 | -€213,213 | -0.7% |
| Amounts receivable within one year | 40/41 | €18,333,891 | €12,462,258 | -€5.9m | -32.0% |
| Trade receivables | 40 | €10,343,435 | €9,705,340 | -€638,095 | -6.2% |
| Other amounts receivable | 41 | €7,990,456 | €2,756,918 | -€5.2m | -65.5% |
| Cash at bank and in hand | 54/58 | €183,398 | €242,809 | +€59,411 | +32.4% |
| Deferred charges and accrued income | 490/1 | €10,297,733 | €15,896,742 | +€5.6m | +54.4% |
| Total equity and liabilities | 10/49 | €33,055,057 | €32,812,281 | -€242,776 | -0.7% |
| Equity | 10/15 | €24,426,985 | €21,979,297 | -€2.4m | -10.0% |
| Contributions | 10/11 | €3,009,301 | €3,009,301 | = | 0.0% |
| Capital | 10 | €3,009,301 | €3,009,301 | = | 0.0% |
| Issued capital | 100 | €3,009,301 | €3,009,301 | = | 0.0% |
| Reserves | 13 | €21,417,684 | €18,969,996 | -€2.4m | -11.4% |
| Non-distributable reserves | 130/1 | €300,930 | €300,930 | = | 0.0% |
| Legal reserve | 130 | €300,930 | €300,930 | = | 0.0% |
| Tax-exempt reserves | 132 | €134,388 | €134,388 | = | 0.0% |
| Distributable reserves | 133 | €20,982,366 | €18,534,678 | -€2.4m | -11.7% |
| Amounts payable | 17/49 | €8,628,072 | €10,832,984 | +€2.2m | +25.6% |
| Amounts payable within one year | 42/48 | €5,190,609 | €8,010,776 | +€2.8m | +54.3% |
| Trade debts | 44 | €3,682,695 | €5,915,700 | +€2.2m | +60.6% |
| Suppliers | 440/4 | €3,682,695 | €5,915,700 | +€2.2m | +60.6% |
| Taxes, remuneration and social security | 45 | €1,507,914 | €2,095,076 | +€587,162 | +38.9% |
| Taxes | 450/3 | €386,253 | €618,666 | +€232,413 | +60.2% |
| Remuneration and social security | 454/9 | €1,121,661 | €1,476,410 | +€354,749 | +31.6% |
| Accrued charges and deferred income | 492/3 | €3,437,463 | €2,822,208 | -€615,255 | -17.9% |
| Operating income | 70/76A | €51,398,902 | €51,168,137 | -€230,765 | -0.4% |
| Turnover | 70 | €48,645,438 | €48,329,005 | -€316,433 | -0.7% |
| Other operating income | 74 | €2,753,464 | €2,839,132 | +€85,668 | +3.1% |
| Operating charges | 60/66A | €48,551,890 | €48,776,298 | +€224,408 | +0.5% |
| Goods for resale, raw materials and consumables | 60 | €29,750,279 | €28,381,100 | -€1.4m | -4.6% |
| Purchases | 600/8 | €29,750,279 | €28,381,100 | -€1.4m | -4.6% |
| Services and other goods | 61 | €6,203,698 | €5,484,424 | -€719,274 | -11.6% |
| Remuneration, social security and pensions | 62 | €10,931,984 | €13,080,413 | +€2.1m | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,894 | €144,656 | +€47,762 | +49.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,824 | €16,078 | +€1,254 | +8.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €100,000 | +€100,000 | |
| Other operating charges | 640/8 | €1,554,211 | €1,569,627 | +€15,416 | +1.0% |
| Operating profit (loss) | 9901 | €2,847,012 | €2,391,839 | -€455,173 | -16.0% |
| Financial income | 75/76B | €4,243 | €317,166 | +€312,923 | +7375.0% |
| Recurring financial income | 75 | €4,243 | €317,166 | +€312,923 | +7375.0% |
| Other financial income | 752/9 | €4,243 | €317,166 | +€312,923 | +7375.0% |
| Financial charges | 65/66B | €52,768 | €306,634 | +€253,866 | +481.1% |
| Recurring financial charges | 65 | €52,768 | €306,634 | +€253,866 | +481.1% |
| Debt charges | 650 | €10,143 | €6,903 | -€3,240 | -31.9% |
| Other financial charges | 652/9 | €42,625 | €299,731 | +€257,106 | +603.2% |
| Profit (loss) for the period before taxes | 9903 | €2,798,487 | €2,402,371 | -€396,116 | -14.2% |
| Income taxes | 67/77 | €773,821 | €798,841 | +€25,020 | +3.2% |
| Taxes | 670/3 | €773,821 | €798,841 | +€25,020 | +3.2% |
| Profit (loss) for the period | 9904 | €2,024,666 | €1,603,530 | -€421,136 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,024,666 | €1,603,530 | -€421,136 | -20.8% |
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 9 October 2026 via checked.be.