ICO Technics: what changed
ICO Technics
Largest movements
- Cash -€311,952
down €311,952 (-72.7%), from €428,945 to €116,992
mainly Current investments (-€250,000) and Receivables within one year (-€214,779)
- Current investments +€250,000
up €250,000 (+33.3%), from €750,000 to €1.0m
- Receivables within one year +€214,779
up €214,779 (+86.2%), from €249,149 to €463,929
of which Trade receivables: +€156,557
- Profit (loss) carried forward +€103,561
up €103,561 (+10.0%), from €1.0m to €1.1m
- Tax, wage and social debts +€30,595
up €30,595 (+13.4%), from €228,047 to €258,642
of which Remuneration and social security: +€42,129
- Trade debts +€18,671
up €18,671 (+20.0%), from €93,210 to €111,881
- Turnover -€168,365
down €168,365 (-5.7%), from €2.9m to €2.8m
- Services and other goods -€117,921
down €117,921 (-12.3%), from €956,215 to €838,294
- Staff costs -€60,577
down €60,577 (-3.2%), from €1.9m to €1.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,428,094 | €1,580,921 | +€152,827 | +10.7% |
| Current assets | 29/58 | €1,428,094 | €1,580,921 | +€152,827 | +10.7% |
| Amounts receivable within one year | 40/41 | €249,149 | €463,929 | +€214,779 | +86.2% |
| Trade receivables | 40 | €214,444 | €371,001 | +€156,557 | +73.0% |
| Other amounts receivable | 41 | €34,705 | €92,928 | +€58,223 | +168% |
| Current investments | 50/53 | €750,000 | €1,000,000 | +€250,000 | +33.3% |
| Other investments | 51/53 | €750,000 | €1,000,000 | +€250,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €428,945 | €116,992 | -€311,952 | -72.7% |
| Total equity and liabilities | 10/49 | €1,428,094 | €1,580,921 | +€152,827 | +10.7% |
| Equity | 10/15 | €1,106,797 | €1,210,358 | +€103,561 | +9.4% |
| 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 | €1,038,597 | €1,142,158 | +€103,561 | +10.0% |
| Amounts payable | 17/49 | €321,297 | €370,562 | +€49,266 | +15.3% |
| Amounts payable within one year | 42/48 | €321,258 | €370,523 | +€49,266 | +15.3% |
| Trade debts | 44 | €93,210 | €111,881 | +€18,671 | +20.0% |
| Suppliers | 440/4 | €93,210 | €111,881 | +€18,671 | +20.0% |
| Taxes, remuneration and social security | 45 | €228,047 | €258,642 | +€30,595 | +13.4% |
| Taxes | 450/3 | €43,812 | €32,278 | -€11,534 | -26.3% |
| Remuneration and social security | 454/9 | €184,236 | €226,365 | +€42,129 | +22.9% |
| Accrued charges and deferred income | 492/3 | €39 | €39 | = | 0.0% |
| Operating income | 70/76A | €2,990,370 | €2,807,944 | -€182,427 | -6.1% |
| Turnover | 70 | €2,928,869 | €2,760,504 | -€168,365 | -5.7% |
| Other operating income | 74 | €61,502 | €47,440 | -€14,062 | -22.9% |
| Operating charges | 60/66A | €2,853,320 | €2,674,560 | -€178,760 | -6.3% |
| Services and other goods | 61 | €956,215 | €838,294 | -€117,921 | -12.3% |
| Remuneration, social security and pensions | 62 | €1,895,346 | €1,834,769 | -€60,577 | -3.2% |
| Other operating charges | 640/8 | €1,760 | €1,497 | -€263 | -14.9% |
| Operating profit (loss) | 9901 | €137,050 | €133,383 | -€3,667 | -2.7% |
| Financial income | 75/76B | - | €17,925 | +€17,925 | |
| Recurring financial income | 75 | - | €17,925 | +€17,925 | |
| Income from current assets | 751 | - | €17,925 | +€17,925 | |
| Financial charges | 65/66B | €590 | €592 | +€2 | +0.3% |
| Recurring financial charges | 65 | €590 | €592 | +€2 | +0.3% |
| Debt charges | 650 | €590 | €592 | +€2 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €136,460 | €150,716 | +€14,256 | +10.4% |
| Income taxes | 67/77 | €52,965 | €47,155 | -€5,810 | -11.0% |
| Taxes | 670/3 | €52,965 | €47,155 | -€5,810 | -11.0% |
| Profit (loss) for the period | 9904 | €83,494 | €103,561 | +€20,067 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,494 | €103,561 | +€20,067 | +24.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.