ICHIGO: 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.
ICHIGO
Largest movements
- Tangible fixed assets +€59,622
up €59,622, from €0 to €59,622
- Receivables within one year +€33,616
up €33,616 (+191.1%), from €17,595 to €51,210
of which Other amounts receivable: +€22,549
- Cash -€9,485
down €9,485 (-14.7%), from €64,728 to €55,244
mainly Investment in fixed assets (net) (-€67,753) and Receivables within one year (-€33,616)
- Deferred charges and accrued income +€2,726
up €2,726 (+358.0%), from €762 to €3,487
- Debts after one year +€51,685
up €51,685 (+114.9%), from €45,000 to €96,685
of which Financial debts: +€51,685
- Other debts +€31,925
up €31,925 (+1263.4%), from €2,527 to €34,452
- Profit (loss) carried forward -€31,697
down €31,697 (-98.7%), from €32,099 to €402
- Reserves +€24,500
new in 2025: €24,500
- Current portion of long-term debt +€13,360
new in 2025: €13,360
- Gross operating margin -€42,595
down €42,595 (-47.9%), from €88,885 to €46,291
- Depreciation +€7,491
up €7,491 (+1171.8%), from €639 to €8,130
- Taxes +€6,876
up €6,876 (+137.8%), from €4,989 to €11,865
- Financial charges +€1,024
up €1,024 (+1207.5%), from €85 to €1,109
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 | €90,970 | €178,474 | +€87,504 | +96.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €59,622 | +€59,622 | |
| Tangible fixed assets | 22/27 | €0 | €59,622 | +€59,622 | |
| Furniture and vehicles | 24 | €0 | €59,622 | +€59,622 | |
| Current assets | 29/58 | €90,970 | €118,852 | +€27,882 | +30.6% |
| Stocks and contracts in progress | 3 | €7,886 | €8,911 | +€1,025 | +13.0% |
| Stocks | 30/36 | €7,886 | €8,911 | +€1,025 | +13.0% |
| Amounts receivable within one year | 40/41 | €17,595 | €51,210 | +€33,616 | +191.1% |
| Trade receivables | 40 | €15,083 | €26,150 | +€11,067 | +73.4% |
| Other amounts receivable | 41 | €2,511 | €25,060 | +€22,549 | +897.9% |
| Cash at bank and in hand | 54/58 | €64,728 | €55,244 | -€9,485 | -14.7% |
| Deferred charges and accrued income | 490/1 | €762 | €3,487 | +€2,726 | +358.0% |
| Total equity and liabilities | 10/49 | €90,970 | €178,474 | +€87,504 | +96.2% |
| Equity | 10/15 | €32,599 | €25,402 | -€7,197 | -22.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €24,500 | +€24,500 | |
| Distributable reserves | 133 | - | €24,500 | +€24,500 | |
| Profit (loss) carried forward | 14 | €32,099 | €402 | -€31,697 | -98.7% |
| Amounts payable | 17/49 | €58,371 | €153,073 | +€94,701 | +162.2% |
| Amounts payable after more than one year | 17 | €45,000 | €96,685 | +€51,685 | +114.9% |
| Financial debts | 170/4 | - | €51,685 | +€51,685 | |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,371 | €56,388 | +€43,016 | +321.7% |
| Current portion of amounts payable after more than one year | 42 | - | €13,360 | +€13,360 | |
| Trade debts | 44 | €483 | €874 | +€390 | +80.7% |
| Suppliers | 440/4 | €483 | €874 | +€390 | +80.7% |
| Taxes, remuneration and social security | 45 | €10,361 | €7,703 | -€2,658 | -25.7% |
| Taxes | 450/3 | €10,361 | €7,703 | -€2,658 | -25.7% |
| Other amounts payable | 47/48 | €2,527 | €34,452 | +€31,925 | +1263.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639 | €8,130 | +€7,491 | +1171.8% |
| Other operating charges | 640/8 | €399 | €400 | +€0 | +0.1% |
| Gross operating margin | 9900 | €88,885 | €46,291 | -€42,595 | -47.9% |
| Operating profit (loss) | 9901 | €87,847 | €37,761 | -€50,086 | -57.0% |
| Financial income | 75/76B | €69 | €16 | -€53 | -76.7% |
| Recurring financial income | 75 | €69 | €16 | -€53 | -76.7% |
| Financial charges | 65/66B | €85 | €1,109 | +€1,024 | +1207.5% |
| Recurring financial charges | 65 | €85 | €1,109 | +€1,024 | +1207.5% |
| Profit (loss) for the period before taxes | 9903 | €87,831 | €36,668 | -€51,163 | -58.3% |
| Income taxes | 67/77 | €4,989 | €11,865 | +€6,876 | +137.8% |
| Profit (loss) for the period | 9904 | €82,842 | €24,803 | -€58,039 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,842 | €24,803 | -€58,039 | -70.1% |
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 9 October 2026 via checked.be.