ICLCS: 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.
ICLCS
Largest movements
- Cash -€87,683
down €87,683 (-60.9%), from €144,068 to €56,386
mainly Other debts (-€134,830) and Contributions, distributions and other (-€23,000)
- Receivables within one year -€42,119
down €42,119 (-70.6%), from €59,619 to €17,500
of which Trade receivables: -€46,948
- Tangible fixed assets -€12,239
down €12,239 (-56.1%), from €21,812 to €9,573
of which Furniture and vehicles: -€12,162
- Other debts -€134,830
down €134,830 (-83.1%), from €162,294 to €27,464
- Reserves +€23,000
up €23,000 (+1239.9%), from €1,855 to €24,855
of which Distributable reserves: +€23,000
- Tax, wage and social debts -€21,630
down €21,630 (-69.8%), from €31,001 to €9,371
- Current portion of long-term debt -€7,499
no longer reported in 2025 (was €7,499)
- Gross operating margin -€138,294
down €138,294 (-65.1%), from €212,273 to €73,979
- Taxes -€31,679
down €31,679 (-67.6%), from €46,850 to €15,171
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 | €226,800 | €84,759 | -€142,040 | -62.6% |
| Fixed assets | 21/28 | €23,112 | €10,873 | -€12,239 | -53.0% |
| Tangible fixed assets | 22/27 | €21,812 | €9,573 | -€12,239 | -56.1% |
| Furniture and vehicles | 24 | €21,736 | €9,573 | -€12,162 | -56.0% |
| Other tangible fixed assets | 26 | €76 | - | -€76 | |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €203,688 | €73,886 | -€129,802 | -63.7% |
| Amounts receivable within one year | 40/41 | €59,619 | €17,500 | -€42,119 | -70.6% |
| Trade receivables | 40 | €59,619 | €12,671 | -€46,948 | -78.7% |
| Other amounts receivable | 41 | - | €4,829 | +€4,829 | |
| Cash at bank and in hand | 54/58 | €144,068 | €56,386 | -€87,683 | -60.9% |
| Total equity and liabilities | 10/49 | €226,800 | €84,759 | -€142,040 | -62.6% |
| Equity | 10/15 | €24,813 | €47,257 | +€22,443 | +90.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €24,855 | +€23,000 | +1239.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | - | €23,000 | +€23,000 | |
| Profit (loss) carried forward | 14 | €4,408 | €3,852 | -€557 | -12.6% |
| Amounts payable | 17/49 | €201,986 | €37,503 | -€164,484 | -81.4% |
| Amounts payable within one year | 42/48 | €201,986 | €37,503 | -€164,484 | -81.4% |
| Current portion of amounts payable after more than one year | 42 | €7,499 | - | -€7,499 | |
| Trade debts | 44 | €1,193 | €669 | -€525 | -44.0% |
| Suppliers | 440/4 | €1,193 | €669 | -€525 | -44.0% |
| Taxes, remuneration and social security | 45 | €31,001 | €9,371 | -€21,630 | -69.8% |
| Taxes | 450/3 | €31,001 | €9,371 | -€21,630 | -69.8% |
| Other amounts payable | 47/48 | €162,294 | €27,464 | -€134,830 | -83.1% |
| Non-recurring operating income | 76A | €1,352 | - | -€1,352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,165 | €12,239 | +€74 | +0.6% |
| Other operating charges | 640/8 | €1,851 | €939 | -€912 | -49.3% |
| Gross operating margin | 9900 | €212,273 | €73,979 | -€138,294 | -65.1% |
| Operating profit (loss) | 9901 | €198,257 | €60,801 | -€137,455 | -69.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €439 | €187 | -€252 | -57.3% |
| Recurring financial charges | 65 | €439 | €187 | -€252 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €197,819 | €60,614 | -€137,205 | -69.4% |
| Income taxes | 67/77 | €46,850 | €15,171 | -€31,679 | -67.6% |
| Profit (loss) for the period | 9904 | €150,969 | €45,443 | -€105,526 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,969 | €45,443 | -€105,526 | -69.9% |
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 6 October 2026 via checked.be.