ICM Belux: 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.
ICM Belux
Largest movements
- Tangible fixed assets -€9,100
down €9,100 (-17.8%), from €51,246 to €42,146
- Receivables within one year -€7,465
down €7,465 (-8.1%), from €92,674 to €85,209
of which Trade receivables: -€15,006
- Cash +€4,817
up €4,817 (+591%), from €814 to €5,631
mainly Other debts (+€11,282) and Depreciation (+€9,100)
- Trade debts -€15,931
down €15,931 (-45.5%), from €34,990 to €19,059
- Other debts +€11,282
new in 2025: €11,282
- Tax, wage and social debts -€6,283
no longer reported in 2025 (was €6,283)
- Gross operating margin -€18,048
down €18,048 (-68.1%), from €26,509 to €8,461
- Taxes -€4,927
down €4,927, from €4,827 to -€100
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 | €144,734 | €132,986 | -€11,748 | -8.1% |
| Fixed assets | 21/28 | €51,246 | €42,146 | -€9,100 | -17.8% |
| Tangible fixed assets | 22/27 | €51,246 | €42,146 | -€9,100 | -17.8% |
| Plant, machinery and equipment | 23 | €51,246 | €42,146 | -€9,100 | -17.8% |
| Current assets | 29/58 | €93,488 | €90,840 | -€2,648 | -2.8% |
| Amounts receivable within one year | 40/41 | €92,674 | €85,209 | -€7,465 | -8.1% |
| Trade receivables | 40 | €18,101 | €3,095 | -€15,006 | -82.9% |
| Other amounts receivable | 41 | €74,573 | €82,114 | +€7,541 | +10.1% |
| Cash at bank and in hand | 54/58 | €814 | €5,631 | +€4,817 | +591% |
| Total equity and liabilities | 10/49 | €144,734 | €132,986 | -€11,748 | -8.1% |
| Equity | 10/15 | €103,461 | €102,644 | -€817 | -0.8% |
| Contributions | 10/11 | €91,000 | €91,000 | = | 0.0% |
| Reserves | 13 | €12,461 | €11,644 | -€817 | -6.6% |
| Distributable reserves | 133 | €12,461 | €11,644 | -€817 | -6.6% |
| Amounts payable | 17/49 | €41,272 | €30,341 | -€10,931 | -26.5% |
| Amounts payable within one year | 42/48 | €41,272 | €30,341 | -€10,931 | -26.5% |
| Trade debts | 44 | €34,990 | €19,059 | -€15,931 | -45.5% |
| Suppliers | 440/4 | €34,990 | €19,059 | -€15,931 | -45.5% |
| Taxes, remuneration and social security | 45 | €6,283 | - | -€6,283 | |
| Taxes | 450/3 | €6,283 | - | -€6,283 | |
| Other amounts payable | 47/48 | - | €11,282 | +€11,282 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,100 | €9,100 | = | 0.0% |
| Gross operating margin | 9900 | €26,509 | €8,461 | -€18,048 | -68.1% |
| Operating profit (loss) | 9901 | €17,409 | -€639 | -€18,048 | |
| Financial income | 75/76B | €67 | - | -€67 | |
| Recurring financial income | 75 | €67 | - | -€67 | |
| Financial charges | 65/66B | €108 | €278 | +€170 | +156% |
| Recurring financial charges | 65 | €108 | €278 | +€170 | +156% |
| Profit (loss) for the period before taxes | 9903 | €17,367 | -€917 | -€18,284 | |
| Income taxes | 67/77 | €4,827 | -€100 | -€4,927 | |
| Profit (loss) for the period | 9904 | €12,540 | -€817 | -€13,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,540 | -€817 | -€13,357 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.