ICHOU: 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.
ICHOU
Largest movements
- Tangible fixed assets +€295,856
up €295,856 (+450%), from €65,688 to €361,544
of which Land and buildings: +€278,913
- Cash -€179,383
down €179,383 (-42.3%), from €423,797 to €244,415
mainly Investment in fixed assets (net) (-€332,628) and Deferred charges and accrued income (-€1,096)
- Receivables within one year -€34,285
down €34,285 (-34.0%), from €100,845 to €66,560
of which Trade receivables: -€37,737
- Profit (loss) carried forward +€50,050
up €50,050 (+12.4%), from €404,736 to €454,786
- Other debts +€12,861
up €12,861 (+105%), from €12,226 to €25,086
- Trade debts +€12,085
up €12,085 (+76.9%), from €15,723 to €27,808
- Tax, wage and social debts +€8,289
up €8,289 (+6.0%), from €137,821 to €146,110
of which Taxes: +€16,769
- Gross operating margin -€295,603
down €295,603 (-48.8%), from €605,605 to €310,002
- Taxes -€45,019
down €45,019 (-49.7%), from €90,657 to €45,638
- Depreciation +€12,765
up €12,765 (+53.2%), from €24,007 to €36,772
- Other operating charges -€7,704
down €7,704 (-49.4%), from €15,599 to €7,895
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 | €590,505 | €673,789 | +€83,284 | +14.1% |
| Fixed assets | 21/28 | €65,863 | €361,719 | +€295,856 | +449% |
| Tangible fixed assets | 22/27 | €65,688 | €361,544 | +€295,856 | +450% |
| Land and buildings | 22 | - | €278,913 | +€278,913 | |
| Plant, machinery and equipment | 23 | €5,505 | €8,728 | +€3,223 | +58.6% |
| Furniture and vehicles | 24 | €60,184 | €73,904 | +€13,720 | +22.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €524,642 | €312,070 | -€212,572 | -40.5% |
| Amounts receivable within one year | 40/41 | €100,845 | €66,560 | -€34,285 | -34.0% |
| Trade receivables | 40 | €100,845 | €63,107 | -€37,737 | -37.4% |
| Other amounts receivable | 41 | - | €3,452 | +€3,452 | |
| Cash at bank and in hand | 54/58 | €423,797 | €244,415 | -€179,383 | -42.3% |
| Deferred charges and accrued income | 490/1 | - | €1,096 | +€1,096 | |
| Total equity and liabilities | 10/49 | €590,505 | €673,789 | +€83,284 | +14.1% |
| Equity | 10/15 | €424,736 | €474,786 | +€50,050 | +11.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €404,736 | €454,786 | +€50,050 | +12.4% |
| Amounts payable | 17/49 | €165,770 | €199,004 | +€33,234 | +20.0% |
| Amounts payable within one year | 42/48 | €165,770 | €199,004 | +€33,234 | +20.0% |
| Trade debts | 44 | €15,723 | €27,808 | +€12,085 | +76.9% |
| Suppliers | 440/4 | €15,723 | €27,808 | +€12,085 | +76.9% |
| Taxes, remuneration and social security | 45 | €137,821 | €146,110 | +€8,289 | +6.0% |
| Taxes | 450/3 | €119,864 | €136,633 | +€16,769 | +14.0% |
| Remuneration and social security | 454/9 | €17,957 | €9,477 | -€8,481 | -47.2% |
| Other amounts payable | 47/48 | €12,226 | €25,086 | +€12,861 | +105% |
| Remuneration, social security and pensions | 62 | €164,062 | €167,946 | +€3,884 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,007 | €36,772 | +€12,765 | +53.2% |
| Other operating charges | 640/8 | €15,599 | €7,895 | -€7,704 | -49.4% |
| Gross operating margin | 9900 | €605,605 | €310,002 | -€295,603 | -48.8% |
| Operating profit (loss) | 9901 | €401,936 | €97,389 | -€304,548 | -75.8% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €81 | €1,716 | +€1,636 | +2,032% |
| Recurring financial charges | 65 | €81 | €1,716 | +€1,636 | +2,032% |
| Profit (loss) for the period before taxes | 9903 | €401,856 | €95,688 | -€306,168 | -76.2% |
| Income taxes | 67/77 | €90,657 | €45,638 | -€45,019 | -49.7% |
| Profit (loss) for the period | 9904 | €311,199 | €50,050 | -€261,149 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €311,199 | €50,050 | -€261,149 | -83.9% |
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 14 October 2026 via checked.be.