ICI MODA: 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.
ICI MODA
Largest movements
- Stocks and contracts -€59,947
down €59,947 (-75.0%), from €79,911 to €19,964
- Tangible fixed assets +€55,885
up €55,885 (+256%), from €21,850 to €77,735
of which Leasing and similar rights: +€59,703
- Receivables within one year +€34,093
up €34,093 (+97.5%), from €34,952 to €69,045
of which Other amounts receivable: +€22,436
- Cash +€17,980
up €17,980 (+43.0%), from €41,804 to €59,784
mainly Stocks and contracts (+€59,947) and Debts after one year (+€26,067)
- Debts after one year +€26,067
up €26,067 (+494%), from €5,281 to €31,348
- Trade debts +€7,747
up €7,747 (+8.2%), from €94,220 to €101,967
- Reserves +€7,000
up €7,000 (+17.1%), from €41,000 to €48,000
of which Distributable reserves: +€7,000
- Short-term financial debts +€6,244
new in 2025: €6,244
- Staff costs -€16,831
down €16,831, from €11,566 to -€5,265
- Depreciation +€13,728
up €13,728 (+288%), from €4,760 to €18,488
- Gross operating margin -€2,830
down €2,830 (-8.3%), from €34,256 to €31,426
- Financial charges +€1,775
up €1,775 (+117%), from €1,511 to €3,286
- Other operating charges +€994
up €994 (+17.9%), from €5,543 to €6,537
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 | €193,515 | €242,660 | +€49,145 | +25.4% |
| Fixed assets | 21/28 | €36,640 | €92,095 | +€55,455 | +151% |
| Intangible fixed assets | 21 | €1,290 | €860 | -€430 | -33.3% |
| Tangible fixed assets | 22/27 | €21,850 | €77,735 | +€55,885 | +256% |
| Furniture and vehicles | 24 | €20,308 | €16,699 | -€3,609 | -17.8% |
| Leasing and similar rights | 25 | - | €59,703 | +€59,703 | |
| Other tangible fixed assets | 26 | €1,542 | €1,333 | -€209 | -13.6% |
| Financial fixed assets | 28 | €13,500 | €13,500 | = | 0.0% |
| Current assets | 29/58 | €156,875 | €150,565 | -€6,310 | -4.0% |
| Stocks and contracts in progress | 3 | €79,911 | €19,964 | -€59,947 | -75.0% |
| Stocks | 30/36 | €79,911 | €19,964 | -€59,947 | -75.0% |
| Amounts receivable within one year | 40/41 | €34,952 | €69,045 | +€34,093 | +97.5% |
| Trade receivables | 40 | €6,000 | €17,657 | +€11,657 | +194% |
| Other amounts receivable | 41 | €28,952 | €51,388 | +€22,436 | +77.5% |
| Cash at bank and in hand | 54/58 | €41,804 | €59,784 | +€17,980 | +43.0% |
| Deferred charges and accrued income | 490/1 | €208 | €1,772 | +€1,564 | +752% |
| Total equity and liabilities | 10/49 | €193,515 | €242,660 | +€49,145 | +25.4% |
| Equity | 10/15 | €61,377 | €68,851 | +€7,474 | +12.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €41,000 | €48,000 | +€7,000 | +17.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €39,000 | €46,000 | +€7,000 | +17.9% |
| Profit (loss) carried forward | 14 | €377 | €851 | +€474 | +126% |
| Amounts payable | 17/49 | €132,138 | €173,809 | +€41,671 | +31.5% |
| Amounts payable after more than one year | 17 | €5,281 | €31,348 | +€26,067 | +494% |
| Financial debts | 170/4 | €5,281 | €31,348 | +€26,067 | +494% |
| Amounts payable within one year | 42/48 | €126,057 | €141,661 | +€15,604 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €5,178 | €5,281 | +€103 | +2.0% |
| Financial debts | 43 | - | €6,244 | +€6,244 | |
| Credit institutions | 430/8 | - | €6,244 | +€6,244 | |
| Trade debts | 44 | €94,220 | €101,967 | +€7,747 | +8.2% |
| Suppliers | 440/4 | €94,220 | €101,967 | +€7,747 | +8.2% |
| Taxes, remuneration and social security | 45 | €26,659 | €28,169 | +€1,510 | +5.7% |
| Taxes | 450/3 | €16,496 | €28,169 | +€11,673 | +70.8% |
| Remuneration and social security | 454/9 | €10,163 | - | -€10,163 | |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €11,566 | -€5,265 | -€16,831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,760 | €18,488 | +€13,728 | +288% |
| Other operating charges | 640/8 | €5,543 | €6,537 | +€994 | +17.9% |
| Gross operating margin | 9900 | €34,256 | €31,426 | -€2,830 | -8.3% |
| Operating profit (loss) | 9901 | €12,387 | €11,666 | -€721 | -5.8% |
| Financial income | 75/76B | €1,544 | €2,168 | +€624 | +40.4% |
| Recurring financial income | 75 | €1,544 | €2,168 | +€624 | +40.4% |
| Financial charges | 65/66B | €1,511 | €3,286 | +€1,775 | +117% |
| Recurring financial charges | 65 | €1,511 | €3,286 | +€1,775 | +117% |
| Profit (loss) for the period before taxes | 9903 | €12,420 | €10,548 | -€1,872 | -15.1% |
| Income taxes | 67/77 | €2,708 | €3,074 | +€366 | +13.5% |
| Profit (loss) for the period | 9904 | €9,712 | €7,474 | -€2,238 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,712 | €7,474 | -€2,238 | -23.0% |
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 14 October 2026 via checked.be.