ICM ENGINEERING: 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 ENGINEERING
Largest movements
- Tangible fixed assets -€165,263
down €165,263 (-16.8%), from €984,493 to €819,230
- Receivables within one year +€62,469
up €62,469 (+20.1%), from €310,567 to €373,036
of which Trade receivables: +€44,827
- Cash +€16,039
up €16,039 (+14.0%), from €114,721 to €130,760
mainly Depreciation (+€196,882) and Trade debts (+€44,090)
- Debts after one year -€80,946
down €80,946 (-32.1%), from €252,211 to €171,265
- Profit (loss) carried forward -€44,412
down €44,412 (-11.1%), from €398,362 to €353,951
- Trade debts +€44,090
up €44,090 (+128.1%), from €34,425 to €78,515
- Gross operating margin -€116,902
down €116,902 (-41.1%), from €284,588 to €167,686
- Taxes -€17,640
down €17,640 (-96.1%), from €18,352 to €713
- Depreciation -€13,000
down €13,000 (-6.2%), from €209,881 to €196,882
- Financial charges -€7,369
down €7,369 (-43.5%), from €16,927 to €9,558
of which Non-recurring financial charges: -€5,000
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 | €1,472,177 | €1,387,823 | -€84,354 | -5.7% |
| Fixed assets | 21/28 | €989,053 | €823,790 | -€165,263 | -16.7% |
| Tangible fixed assets | 22/27 | €984,493 | €819,230 | -€165,263 | -16.8% |
| Land and buildings | 22 | €528,542 | €494,150 | -€34,392 | -6.5% |
| Plant, machinery and equipment | 23 | €250,504 | €192,402 | -€58,102 | -23.2% |
| Furniture and vehicles | 24 | €205,448 | €132,678 | -€72,769 | -35.4% |
| Financial fixed assets | 28 | €4,560 | €4,560 | = | 0.0% |
| Current assets | 29/58 | €483,124 | €564,033 | +€80,909 | +16.7% |
| Amounts receivable within one year | 40/41 | €310,567 | €373,036 | +€62,469 | +20.1% |
| Trade receivables | 40 | €254,438 | €299,266 | +€44,827 | +17.6% |
| Other amounts receivable | 41 | €56,129 | €73,770 | +€17,641 | +31.4% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114,721 | €130,760 | +€16,039 | +14.0% |
| Deferred charges and accrued income | 490/1 | €7,836 | €10,237 | +€2,402 | +30.6% |
| Total equity and liabilities | 10/49 | €1,472,177 | €1,387,823 | -€84,354 | -5.7% |
| Equity | 10/15 | €1,081,346 | €1,036,934 | -€44,412 | -4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €662,983 | €662,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,317 | €2,317 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,317 | €2,317 | = | 0.0% |
| Distributable reserves | 133 | €660,666 | €660,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | €398,362 | €353,951 | -€44,412 | -11.1% |
| Amounts payable | 17/49 | €390,832 | €350,890 | -€39,942 | -10.2% |
| Amounts payable after more than one year | 17 | €252,211 | €171,265 | -€80,946 | -32.1% |
| Financial debts | 170/4 | €252,211 | €171,265 | -€80,946 | -32.1% |
| Amounts payable within one year | 42/48 | €138,376 | €179,625 | +€41,249 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €86,542 | €80,946 | -€5,596 | -6.5% |
| Trade debts | 44 | €34,425 | €78,515 | +€44,090 | +128.1% |
| Suppliers | 440/4 | €34,425 | €78,515 | +€44,090 | +128.1% |
| Taxes, remuneration and social security | 45 | €17,248 | €19,842 | +€2,595 | +15.0% |
| Taxes | 450/3 | €17,248 | €19,842 | +€2,595 | +15.0% |
| Other amounts payable | 47/48 | €161 | €322 | +€161 | +99.8% |
| Accrued charges and deferred income | 492/3 | €245 | - | -€245 | |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | - | €404 | +€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,881 | €196,882 | -€13,000 | -6.2% |
| Other operating charges | 640/8 | €5,611 | €4,081 | -€1,530 | -27.3% |
| Non-recurring operating charges | 66A | €231 | €591 | +€360 | +155.7% |
| Gross operating margin | 9900 | €284,588 | €167,686 | -€116,902 | -41.1% |
| Operating profit (loss) | 9901 | €68,865 | -€34,271 | -€103,136 | |
| Financial income | 75/76B | €82 | €130 | +€48 | +58.6% |
| Recurring financial income | 75 | €82 | €130 | +€48 | +58.6% |
| Financial charges | 65/66B | €16,927 | €9,558 | -€7,369 | -43.5% |
| Recurring financial charges | 65 | €11,927 | €9,558 | -€2,369 | -19.9% |
| Non-recurring financial charges | 66B | €5,000 | - | -€5,000 | |
| Profit (loss) for the period before taxes | 9903 | €52,020 | -€43,699 | -€95,719 | |
| Income taxes | 67/77 | €18,352 | €713 | -€17,640 | -96.1% |
| Profit (loss) for the period | 9904 | €33,668 | -€44,412 | -€78,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,668 | -€44,412 | -€78,080 |
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 11 October 2026 via checked.be.