ICK Advisory: 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.
ICK Advisory
Largest movements
- Cash +€42,619
up €42,619 (+83.4%), from €51,131 to €93,750
mainly Net result for the year (+€44,968) and Tax, wage and social debts (+€8,316)
- Receivables within one year +€12,895
up €12,895 (+168%), from €7,676 to €20,571
of which Trade receivables: +€18,759
- Tangible fixed assets -€4,783
down €4,783 (-24.5%), from €19,546 to €14,763
- Reserves +€44,968
up €44,968 (+65.2%), from €68,993 to €113,960
- Tax, wage and social debts +€8,316
up €8,316 (+172%), from €4,837 to €13,153
- Trade debts -€2,797
down €2,797 (-96.8%), from €2,888 to €91
- Gross operating margin +€39,620
up €39,620 (+167%), from €23,688 to €63,308
- Taxes +€8,298
up €8,298 (+178%), from €4,668 to €12,966
- Depreciation +€1,151
up €1,151 (+31.7%), from €3,632 to €4,783
- Financial charges +€683
up €683 (+486%), from €141 to €824
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 | €78,718 | €129,204 | +€50,487 | +64.1% |
| Fixed assets | 21/28 | €19,546 | €14,763 | -€4,783 | -24.5% |
| Tangible fixed assets | 22/27 | €19,546 | €14,763 | -€4,783 | -24.5% |
| Furniture and vehicles | 24 | €19,546 | €14,763 | -€4,783 | -24.5% |
| Current assets | 29/58 | €59,172 | €114,441 | +€55,269 | +93.4% |
| Amounts receivable within one year | 40/41 | €7,676 | €20,571 | +€12,895 | +168% |
| Trade receivables | 40 | - | €18,759 | +€18,759 | |
| Other amounts receivable | 41 | €7,676 | €1,812 | -€5,864 | -76.4% |
| Cash at bank and in hand | 54/58 | €51,131 | €93,750 | +€42,619 | +83.4% |
| Deferred charges and accrued income | 490/1 | €364 | €119 | -€245 | -67.3% |
| Total equity and liabilities | 10/49 | €78,718 | €129,204 | +€50,487 | +64.1% |
| Equity | 10/15 | €70,993 | €115,960 | +€44,968 | +63.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €68,993 | €113,960 | +€44,968 | +65.2% |
| Distributable reserves | 133 | €68,993 | €113,960 | +€44,968 | +65.2% |
| Amounts payable | 17/49 | €7,725 | €13,244 | +€5,519 | +71.4% |
| Amounts payable within one year | 42/48 | €7,725 | €13,244 | +€5,519 | +71.4% |
| Trade debts | 44 | €2,888 | €91 | -€2,797 | -96.8% |
| Suppliers | 440/4 | €2,888 | €91 | -€2,797 | -96.8% |
| Taxes, remuneration and social security | 45 | €4,837 | €13,153 | +€8,316 | +172% |
| Taxes | 450/3 | €4,837 | €13,153 | +€8,316 | +172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,632 | €4,783 | +€1,151 | +31.7% |
| Other operating charges | 640/8 | €869 | €361 | -€508 | -58.5% |
| Gross operating margin | 9900 | €23,688 | €63,308 | +€39,620 | +167% |
| Operating profit (loss) | 9901 | €19,187 | €58,164 | +€38,977 | +203% |
| Financial income | 75/76B | €55 | €593 | +€538 | +984% |
| Recurring financial income | 75 | €55 | €593 | +€538 | +984% |
| Financial charges | 65/66B | €141 | €824 | +€683 | +486% |
| Recurring financial charges | 65 | €141 | €824 | +€683 | +486% |
| Profit (loss) for the period before taxes | 9903 | €19,102 | €57,934 | +€38,832 | +203% |
| Income taxes | 67/77 | €4,668 | €12,966 | +€8,298 | +178% |
| Profit (loss) for the period | 9904 | €14,434 | €44,968 | +€30,534 | +212% |
| Profit (loss) for the period to be appropriated | 9905 | €14,434 | €44,968 | +€30,534 | +212% |
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.