ICN PROJECTS: 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.
ICN PROJECTS
Largest movements
- Stocks and contracts -€12.6m
down €12.6m (-94.8%), from €13.3m to €692,614
- Receivables within one year -€263,795
down €263,795 (-20.0%), from €1.3m to €1.1m
of which Trade receivables: -€437,570
- Accrued charges and deferred income -€11.2m
down €11.2m (-100.0%), from €11.2m to €0
- Profit (loss) carried forward -€1.1m
down €1.1m (-106.9%), from -€1.0m to -€2.1m
- Trade debts -€942,853
down €942,853 (-66.8%), from €1.4m to €468,505
- Debts after one year +€578,657
up €578,657 (+20.4%), from €2.8m to €3.4m
- Tax, wage and social debts -€342,748
down €342,748 (-100.0%), from €342,748 to €0
- Gross operating margin -€910,725
down €910,725, from €53,309 to -€857,416
- Financial charges -€137,438
down €137,438 (-36.2%), from €379,713 to €242,275
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,782,732 | €1,772,915 | -€13.0m | -88.0% |
| Fixed assets | 21/28 | €20,750 | €20,750 | = | 0.0% |
| Tangible fixed assets | 22/27 | €20,000 | €20,000 | = | 0.0% |
| Land and buildings | 22 | €20,000 | €20,000 | = | 0.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €14,761,982 | €1,752,165 | -€13.0m | -88.1% |
| Stocks and contracts in progress | 3 | €13,311,213 | €692,614 | -€12.6m | -94.8% |
| Stocks | 30/36 | €13,311,213 | €692,614 | -€12.6m | -94.8% |
| Amounts receivable within one year | 40/41 | €1,319,349 | €1,055,554 | -€263,795 | -20.0% |
| Trade receivables | 40 | €1,319,349 | €881,779 | -€437,570 | -33.2% |
| Other amounts receivable | 41 | - | €173,774 | +€173,774 | |
| Cash at bank and in hand | 54/58 | €131,420 | €3,997 | -€127,423 | -97.0% |
| Total equity and liabilities | 10/49 | €14,782,732 | €1,772,915 | -€13.0m | -88.0% |
| Equity | 10/15 | -€1,012,182 | -€2,115,346 | -€1.1m | -109.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,032,182 | -€2,135,346 | -€1.1m | -106.9% |
| Amounts payable | 17/49 | €15,794,914 | €3,888,262 | -€11.9m | -75.4% |
| Amounts payable after more than one year | 17 | €2,841,099 | €3,419,756 | +€578,657 | +20.4% |
| Financial debts | 170/4 | €2,841,099 | €3,419,756 | +€578,657 | +20.4% |
| Amounts payable within one year | 42/48 | €1,754,106 | €468,505 | -€1.3m | -73.3% |
| Trade debts | 44 | €1,411,358 | €468,505 | -€942,853 | -66.8% |
| Suppliers | 440/4 | €1,411,358 | €468,505 | -€942,853 | -66.8% |
| Taxes, remuneration and social security | 45 | €342,748 | €0 | -€342,748 | -100.0% |
| Taxes | 450/3 | €342,748 | €0 | -€342,748 | -100.0% |
| Accrued charges and deferred income | 492/3 | €11,199,709 | €0 | -€11.2m | -100.0% |
| Other operating charges | 640/8 | €1,670 | €3,474 | +€1,804 | +108.0% |
| Gross operating margin | 9900 | €53,309 | -€857,416 | -€910,725 | |
| Operating profit (loss) | 9901 | €51,639 | -€860,889 | -€912,528 | |
| Financial income | 75/76B | €435 | €0 | -€435 | -100.0% |
| Recurring financial income | 75 | €435 | €0 | -€435 | -100.0% |
| Financial charges | 65/66B | €379,713 | €242,275 | -€137,438 | -36.2% |
| Recurring financial charges | 65 | €379,713 | €242,275 | -€137,438 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€327,639 | -€1,103,164 | -€775,526 | -236.7% |
| Profit (loss) for the period | 9904 | -€327,639 | -€1,103,164 | -€775,526 | -236.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€327,639 | -€1,103,164 | -€775,526 | -236.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.