ICN VAMS: what changed
What changed
ICN VAMS
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€37,536
2023 · -€473,707+€436,171
Equity
-€2.0m
2023 · -€1.9m-€37,536
Cash
€23,911
2023 · €3,795+€20,116
Balance sheet total
€9.7m
2023 · €10.7m-€1.0m
Largest movements
Assets
- Receivables within one year -€1.0m
down €1.0m (-54.2%), from €1.9m to €880,723
of which Trade receivables: -€1.0m
Equity and liabilities
- Debts after one year +€1.8m
up €1.8m (+23.8%), from €7.7m to €9.6m
- Current portion of long-term debt -€1.6m
down €1.6m (-56.1%), from €2.9m to €1.3m
- Trade debts -€1.2m
down €1.2m (-61.3%), from €2.0m to €771,610
Income statement
- Gross operating margin +€734,623
up €734,623 (+1,329%), from €55,280 to €789,902
- Financial charges +€227,498
up €227,498 (+43.4%), from €524,284 to €751,782
- Other operating charges +€76,770
up €76,770 (+1,510%), from €5,084 to €81,853
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
-€473,707
Gross operating margin
+€734,623
Other operating charges
-€76,770
Financial income
+€5,817
Financial charges
-€227,498
Result 2024
-€37,536
raises the resultlowers the result
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
-€196,783
Investment
-€237
Financing
+€217,136
Cash 2023
€3,795
From operations (derived)
-€196,783
Net result for the year
-€37,536
Stocks and contracts
+€23,169
Receivables within one year
+€1.0m
Trade debts
-€1.2m
Accrued charges and deferred income
+€1,268
Investment (derived)
-€237
Investment in fixed assets (net)
-€237
Financing
+€217,136
Debts after one year
+€1.8m
Current portion of long-term debt
-€1.6m
Cash 2024
€23,911
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,724,699 | €9,681,217 | -€1.0m | -9.7% |
| Fixed assets | 21/28 | - | €237 | +€237 | |
| Financial fixed assets | 28 | - | €237 | +€237 | |
| Current assets | 29/58 | €10,724,699 | €9,680,980 | -€1.0m | -9.7% |
| Stocks and contracts in progress | 3 | €8,799,515 | €8,776,346 | -€23,169 | -0.3% |
| Stocks | 30/36 | €8,799,515 | €8,776,346 | -€23,169 | -0.3% |
| Amounts receivable within one year | 40/41 | €1,921,390 | €880,723 | -€1.0m | -54.2% |
| Trade receivables | 40 | €1,911,217 | €879,968 | -€1.0m | -54.0% |
| Other amounts receivable | 41 | €10,173 | €754 | -€9,419 | -92.6% |
| Cash at bank and in hand | 54/58 | €3,795 | €23,911 | +€20,116 | +530% |
| Total equity and liabilities | 10/49 | €10,724,699 | €9,681,217 | -€1.0m | -9.7% |
| Equity | 10/15 | -€1,939,534 | -€1,977,070 | -€37,536 | -1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,959,534 | -€1,997,070 | -€37,536 | -1.9% |
| Amounts payable | 17/49 | €12,664,234 | €11,658,287 | -€1.0m | -7.9% |
| Amounts payable after more than one year | 17 | €7,728,858 | €9,566,184 | +€1.8m | +23.8% |
| Financial debts | 170/4 | €7,728,858 | €9,566,184 | +€1.8m | +23.8% |
| Amounts payable within one year | 42/48 | €4,884,084 | €2,039,544 | -€2.8m | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €2,888,123 | €1,267,933 | -€1.6m | -56.1% |
| Trade debts | 44 | €1,995,961 | €771,610 | -€1.2m | -61.3% |
| Suppliers | 440/4 | €1,995,961 | €771,610 | -€1.2m | -61.3% |
| Accrued charges and deferred income | 492/3 | €51,291 | €52,559 | +€1,268 | +2.5% |
| Other operating charges | 640/8 | €5,084 | €81,853 | +€76,770 | +1,510% |
| Gross operating margin | 9900 | €55,280 | €789,902 | +€734,623 | +1,329% |
| Operating profit (loss) | 9901 | €50,196 | €708,049 | +€657,853 | +1,311% |
| Financial income | 75/76B | €381 | €6,197 | +€5,817 | +1,528% |
| Recurring financial income | 75 | €381 | €6,197 | +€5,817 | +1,528% |
| Financial charges | 65/66B | €524,284 | €751,782 | +€227,498 | +43.4% |
| Recurring financial charges | 65 | €524,284 | €751,782 | +€227,498 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | -€473,707 | -€37,536 | +€436,171 | +92.1% |
| Profit (loss) for the period | 9904 | -€473,707 | -€37,536 | +€436,171 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€473,707 | -€37,536 | +€436,171 | +92.1% |
Next steps
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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 1 November 2026 via checked.be.