ICN BEL DEV I: what changed
What changed
ICN BEL DEV I
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€628,302
2023 · -€387,805-€240,498
Equity
-€2.3m
2023 · -€1.7m-€628,302
Cash
€44,228
2023 · €16,085+€28,143
Balance sheet total
€2.2m
2023 · €6.7m-€4.5m
Largest movements
Assets
- Stocks and contracts -€4.7m
down €4.7m (-79.3%), from €6.0m to €1.2m
- Receivables within one year +€195,066
up €195,066 (+76.7%), from €254,389 to €449,455
of which Trade receivables: +€194,830
Equity and liabilities
- Accrued charges and deferred income -€4.4m
down €4.4m (-99.5%), from €4.4m to €20,532
- Profit (loss) carried forward -€628,302
down €628,302 (-37.6%), from -€1.7m to -€2.3m
- Debts after one year +€498,338
up €498,338 (+19.0%), from €2.6m to €3.1m
- Short-term financial debts -€299,246
down €299,246 (-29.9%), from €999,246 to €700,000
- Trade debts +€298,680
up €298,680 (+102%), from €294,197 to €592,877
Income statement
- Gross operating margin -€321,091
down €321,091, from €30,420 to -€290,671
- Other operating charges -€103,774
down €103,774 (-83.9%), from €123,671 to €19,897
- Financial charges -€37,662
down €37,662 (-13.5%), from €278,825 to €241,162
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€387,805
Gross operating margin
-€321,091
Other operating charges
+€103,774
Other operating items
-€60,884
Financial income
+€41
Financial charges
+€37,662
Result 2024
-€628,302
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€178,308
Investment
€0
Financing
+€206,451
Cash 2023
€16,085
From operations (derived)
-€178,308
Net result for the year
-€628,302
Depreciation
+€16,000
Stocks and contracts
+€4.7m
Receivables within one year
-€195,066
Trade debts
+€298,680
Tax, wage and social debts
-€253
Accrued charges and deferred income
-€4.4m
Financing
+€206,451
Debts after one year
+€498,338
Current portion of long-term debt
+€7,358
Short-term financial debts
-€299,246
Cash 2024
€44,228
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,689,630 | €2,158,187 | -€4.5m | -67.7% |
| Fixed assets | 21/28 | €446,680 | €430,680 | -€16,000 | -3.6% |
| Tangible fixed assets | 22/27 | €441,680 | €425,680 | -€16,000 | -3.6% |
| Land and buildings | 22 | €441,680 | €425,680 | -€16,000 | -3.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €6,242,950 | €1,727,507 | -€4.5m | -72.3% |
| Stocks and contracts in progress | 3 | €5,972,476 | €1,233,824 | -€4.7m | -79.3% |
| Stocks | 30/36 | €5,972,476 | €1,233,824 | -€4.7m | -79.3% |
| Amounts receivable within one year | 40/41 | €254,389 | €449,455 | +€195,066 | +76.7% |
| Trade receivables | 40 | €254,389 | €449,219 | +€194,830 | +76.6% |
| Other amounts receivable | 41 | - | €236 | +€236 | |
| Cash at bank and in hand | 54/58 | €16,085 | €44,228 | +€28,143 | +175% |
| Total equity and liabilities | 10/49 | €6,689,630 | €2,158,187 | -€4.5m | -67.7% |
| Equity | 10/15 | -€1,652,106 | -€2,280,408 | -€628,302 | -38.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,672,106 | -€2,300,408 | -€628,302 | -37.6% |
| Amounts payable | 17/49 | €8,341,736 | €4,438,595 | -€3.9m | -46.8% |
| Amounts payable after more than one year | 17 | €2,619,490 | €3,117,829 | +€498,338 | +19.0% |
| Financial debts | 170/4 | €2,619,490 | €3,117,829 | +€498,338 | +19.0% |
| Amounts payable within one year | 42/48 | €1,293,695 | €1,300,235 | +€6,540 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,358 | +€7,358 | |
| Financial debts | 43 | €999,246 | €700,000 | -€299,246 | -29.9% |
| Credit institutions | 430/8 | €999,246 | €700,000 | -€299,246 | -29.9% |
| Trade debts | 44 | €294,197 | €592,877 | +€298,680 | +102% |
| Suppliers | 440/4 | €294,197 | €592,877 | +€298,680 | +102% |
| Taxes, remuneration and social security | 45 | €253 | €0 | -€253 | -100% |
| Taxes | 450/3 | €253 | €0 | -€253 | -100% |
| Accrued charges and deferred income | 492/3 | €4,428,550 | €20,532 | -€4.4m | -99.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,000 | €16,000 | = | 0.0% |
| Other operating charges | 640/8 | €123,671 | €19,897 | -€103,774 | -83.9% |
| Non-recurring operating charges | 66A | - | €60,884 | +€60,884 | |
| Gross operating margin | 9900 | €30,420 | -€290,671 | -€321,091 | |
| Operating profit (loss) | 9901 | -€109,251 | -€387,452 | -€278,201 | -255% |
| Financial income | 75/76B | €271 | €312 | +€41 | +15.1% |
| Recurring financial income | 75 | €271 | €312 | +€41 | +15.1% |
| Financial charges | 65/66B | €278,825 | €241,162 | -€37,662 | -13.5% |
| Recurring financial charges | 65 | €278,825 | €241,162 | -€37,662 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€387,805 | -€628,302 | -€240,498 | -62.0% |
| Profit (loss) for the period | 9904 | -€387,805 | -€628,302 | -€240,498 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€387,805 | -€628,302 | -€240,498 | -62.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.