ICO Move: 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.
ICO Move
Largest movements
- Current investments +€500,000
up €500,000 (+66.7%), from €750,000 to €1.3m
- Tangible fixed assets -€214,091
down €214,091 (-81.0%), from €264,363 to €50,272
- Receivables within one year +€24,693
up €24,693 (+10.1%), from €243,595 to €268,288
of which Trade receivables: +€29,854
- Profit (loss) carried forward +€247,270
up €247,270 (+14.9%), from €1.7m to €1.9m
- Trade debts +€76,884
up €76,884 (+687%), from €11,198 to €88,081
- Tax, wage and social debts -€29,131
down €29,131 (-12.1%), from €241,060 to €211,929
of which Remuneration and social security: -€18,876
- Gross operating margin -€170,880
down €170,880 (-7.7%), from €2.2m to €2.1m
- Staff costs -€162,582
down €162,582 (-9.6%), from €1.7m to €1.5m
- Depreciation -€41,798
down €41,798 (-16.3%), from €255,890 to €214,091
- Financial income +€25,523
new in 2026: €25,523
- Taxes +€25,026
up €25,026 (+38.7%), from €64,701 to €89,727
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,974,771 | €2,269,794 | +€295,023 | +14.9% |
| Fixed assets | 21/28 | €264,363 | €50,272 | -€214,091 | -81.0% |
| Tangible fixed assets | 22/27 | €264,363 | €50,272 | -€214,091 | -81.0% |
| Furniture and vehicles | 24 | €264,363 | €50,272 | -€214,091 | -81.0% |
| Current assets | 29/58 | €1,710,408 | €2,219,523 | +€509,114 | +29.8% |
| Amounts receivable within one year | 40/41 | €243,595 | €268,288 | +€24,693 | +10.1% |
| Trade receivables | 40 | €226,466 | €256,319 | +€29,854 | +13.2% |
| Other amounts receivable | 41 | €17,129 | €11,968 | -€5,161 | -30.1% |
| Current investments | 50/53 | €750,000 | €1,250,000 | +€500,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €713,770 | €694,701 | -€19,069 | -2.7% |
| Deferred charges and accrued income | 490/1 | €3,044 | €6,534 | +€3,490 | +115% |
| Total equity and liabilities | 10/49 | €1,974,771 | €2,269,794 | +€295,023 | +14.9% |
| Equity | 10/15 | €1,722,514 | €1,969,784 | +€247,270 | +14.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,654,314 | €1,901,584 | +€247,270 | +14.9% |
| Amounts payable | 17/49 | €252,257 | €300,010 | +€47,753 | +18.9% |
| Amounts payable within one year | 42/48 | €252,257 | €300,010 | +€47,753 | +18.9% |
| Trade debts | 44 | €11,198 | €88,081 | +€76,884 | +687% |
| Suppliers | 440/4 | €11,198 | €88,081 | +€76,884 | +687% |
| Taxes, remuneration and social security | 45 | €241,060 | €211,929 | -€29,131 | -12.1% |
| Taxes | 450/3 | €16,312 | €6,057 | -€10,255 | -62.9% |
| Remuneration and social security | 454/9 | €224,748 | €205,872 | -€18,876 | -8.4% |
| Remuneration, social security and pensions | 62 | €1,693,755 | €1,531,173 | -€162,582 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,890 | €214,091 | -€41,798 | -16.3% |
| Other operating charges | 640/8 | €4,414 | €4,015 | -€400 | -9.1% |
| Gross operating margin | 9900 | €2,231,822 | €2,060,941 | -€170,880 | -7.7% |
| Operating profit (loss) | 9901 | €277,763 | €311,662 | +€33,900 | +12.2% |
| Financial income | 75/76B | - | €25,523 | +€25,523 | |
| Recurring financial income | 75 | - | €25,523 | +€25,523 | |
| Financial charges | 65/66B | €168 | €188 | +€20 | +11.8% |
| Recurring financial charges | 65 | €168 | €188 | +€20 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €277,594 | €336,997 | +€59,402 | +21.4% |
| Income taxes | 67/77 | €64,701 | €89,727 | +€25,026 | +38.7% |
| Profit (loss) for the period | 9904 | €212,893 | €247,270 | +€34,377 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €212,893 | €247,270 | +€34,377 | +16.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.