ICM ELECT: 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 ELECT
Largest movements
- Receivables within one year +€178,141
up €178,141 (+134%), from €132,617 to €310,758
of which Other amounts receivable: +€149,528
- Cash -€7,912
down €7,912 (-56.3%), from €14,060 to €6,149
mainly Receivables within one year (-€178,141)
- Trade debts +€88,932
up €88,932 (+160%), from €55,504 to €144,436
of which Bills of exchange payable: +€55,016
- Profit (loss) carried forward +€66,155
up €66,155 (+95.4%), from €69,346 to €135,501
- Tax, wage and social debts +€15,142
up €15,142 (+84.9%), from €17,827 to €32,970
- Gross operating margin +€41,851
up €41,851 (+79.8%), from €52,418 to €94,270
- Taxes +€11,214
up €11,214 (+81.7%), from €13,717 to €24,931
- Financial charges +€1,502
up €1,502 (+169%), from €889 to €2,390
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 | €146,677 | €316,907 | +€170,229 | +116% |
| Current assets | 29/58 | €146,677 | €316,907 | +€170,229 | +116% |
| Amounts receivable within one year | 40/41 | €132,617 | €310,758 | +€178,141 | +134% |
| Trade receivables | 40 | €52,754 | €81,367 | +€28,613 | +54.2% |
| Other amounts receivable | 41 | €79,863 | €229,391 | +€149,528 | +187% |
| Cash at bank and in hand | 54/58 | €14,060 | €6,149 | -€7,912 | -56.3% |
| Total equity and liabilities | 10/49 | €146,677 | €316,907 | +€170,229 | +116% |
| Equity | 10/15 | €73,346 | €139,501 | +€66,155 | +90.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,346 | €135,501 | +€66,155 | +95.4% |
| Amounts payable | 17/49 | €73,332 | €177,406 | +€104,074 | +142% |
| Amounts payable within one year | 42/48 | €73,332 | €177,406 | +€104,074 | +142% |
| Trade debts | 44 | €55,504 | €144,436 | +€88,932 | +160% |
| Suppliers | 440/4 | €9,040 | €42,955 | +€33,915 | +375% |
| Bills of exchange payable | 441 | €46,464 | €101,481 | +€55,016 | +118% |
| Taxes, remuneration and social security | 45 | €17,827 | €32,970 | +€15,142 | +84.9% |
| Taxes | 450/3 | €17,827 | €32,970 | +€15,142 | +84.9% |
| Other operating charges | 640/8 | €723 | €793 | +€70 | +9.7% |
| Gross operating margin | 9900 | €52,418 | €94,270 | +€41,851 | +79.8% |
| Operating profit (loss) | 9901 | €51,695 | €93,477 | +€41,781 | +80.8% |
| Financial charges | 65/66B | €889 | €2,390 | +€1,502 | +169% |
| Recurring financial charges | 65 | €889 | €2,390 | +€1,502 | +169% |
| Profit (loss) for the period before taxes | 9903 | €50,807 | €91,087 | +€40,280 | +79.3% |
| Income taxes | 67/77 | €13,717 | €24,931 | +€11,214 | +81.7% |
| Profit (loss) for the period | 9904 | €37,090 | €66,155 | +€29,066 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,090 | €66,155 | +€29,066 | +78.4% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.