ICM Work Network: 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 Work Network
Largest movements
- Cash +€21,250
up €21,250 (+92.3%), from €23,024 to €44,274
mainly Trade debts (+€16,401) and Tax, wage and social debts (+€8,107)
- Financial fixed assets +€20,258
up €20,258 (+124.9%), from €16,219 to €36,477
- Receivables within one year -€5,734
down €5,734 (-13.5%), from €42,341 to €36,608
of which Trade receivables: -€8,384
- Deferred charges and accrued income -€4,332
down €4,332 (-36.2%), from €11,983 to €7,651
- Trade debts +€16,401
up €16,401 (+44.8%), from €36,617 to €53,017
- Tax, wage and social debts +€8,107
up €8,107 (+227.8%), from €3,559 to €11,667
- Profit (loss) carried forward +€8,015
up €8,015 (+14.6%), from €54,866 to €62,881
- Gross operating margin -€74,259
down €74,259 (-80.1%), from €92,715 to €18,456
- Taxes -€17,483
down €17,483 (-74.2%), from €23,559 to €6,076
- Write-downs -€7,131
down €7,131 (-100.0%), from €7,131 to €0
- Other operating charges -€3,019
down €3,019 (-57.1%), from €5,283 to €2,265
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 | €96,525 | €129,043 | +€32,518 | +33.7% |
| Fixed assets | 21/28 | €19,176 | €40,510 | +€21,334 | +111.3% |
| Tangible fixed assets | 22/27 | €2,957 | €4,033 | +€1,076 | +36.4% |
| Furniture and vehicles | 24 | €2,957 | €4,033 | +€1,076 | +36.4% |
| Financial fixed assets | 28 | €16,219 | €36,477 | +€20,258 | +124.9% |
| Current assets | 29/58 | €77,349 | €88,533 | +€11,184 | +14.5% |
| Amounts receivable within one year | 40/41 | €42,341 | €36,608 | -€5,734 | -13.5% |
| Trade receivables | 40 | €41,065 | €32,681 | -€8,384 | -20.4% |
| Other amounts receivable | 41 | €1,276 | €3,926 | +€2,650 | +207.7% |
| Cash at bank and in hand | 54/58 | €23,024 | €44,274 | +€21,250 | +92.3% |
| Deferred charges and accrued income | 490/1 | €11,983 | €7,651 | -€4,332 | -36.2% |
| Total equity and liabilities | 10/49 | €96,525 | €129,043 | +€32,518 | +33.7% |
| Equity | 10/15 | €55,866 | €63,881 | +€8,015 | +14.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,866 | €62,881 | +€8,015 | +14.6% |
| Amounts payable | 17/49 | €40,659 | €65,162 | +€24,504 | +60.3% |
| Amounts payable within one year | 42/48 | €40,659 | €65,162 | +€24,504 | +60.3% |
| Trade debts | 44 | €36,617 | €53,017 | +€16,401 | +44.8% |
| Suppliers | 440/4 | €36,617 | €53,017 | +€16,401 | +44.8% |
| Taxes, remuneration and social security | 45 | €3,559 | €11,667 | +€8,107 | +227.8% |
| Taxes | 450/3 | €3,559 | €11,667 | +€8,107 | +227.8% |
| Other amounts payable | 47/48 | €483 | €478 | -€4 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €748 | €1,392 | +€644 | +86.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,131 | €0 | -€7,131 | -100.0% |
| Other operating charges | 640/8 | €5,283 | €2,265 | -€3,019 | -57.1% |
| Gross operating margin | 9900 | €92,715 | €18,456 | -€74,259 | -80.1% |
| Operating profit (loss) | 9901 | €79,552 | €14,799 | -€64,754 | -81.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,127 | €708 | -€418 | -37.1% |
| Recurring financial charges | 65 | €1,127 | €708 | -€418 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €78,426 | €14,091 | -€64,335 | -82.0% |
| Income taxes | 67/77 | €23,559 | €6,076 | -€17,483 | -74.2% |
| Profit (loss) for the period | 9904 | €54,866 | €8,015 | -€46,852 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,866 | €8,015 | -€46,852 | -85.4% |
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 12 October 2026 via checked.be.