ICOLOR: what changed
Two fiscal 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.
ICOLOR
Largest movements
- Receivables within one year -€21,201
down €21,201 (-34.0%), from €62,351 to €41,150
of which Trade receivables: -€22,601
- Cash -€4,114
down €4,114 (-18.6%), from €22,062 to €17,948
mainly Other debts (-€46,289) and Debts after one year (-€10,667)
- Other debts -€46,289
down €46,289 (-72.2%), from €64,132 to €17,843
- Reserves +€22,150
up €22,150 (+28.0%), from €79,000 to €101,150
- Debts after one year -€10,667
down €10,667 (-6.4%), from €167,520 to €156,853
- Tax, wage and social debts +€4,241
up €4,241 (+45.3%), from €9,354 to €13,595
- Gross operating margin +€17,644
up €17,644 (+43.9%), from €40,173 to €57,817
- Depreciation -€12,605
down €12,605 (-53.7%), from €23,475 to €10,869
- Taxes +€7,157
up €7,157 (+360.4%), from €1,986 to €9,143
- Financial charges +€2,299
up €2,299 (+22.5%), from €10,196 to €12,495
- Other operating charges +€1,535
up €1,535 (+92.6%), from €1,658 to €3,193
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,380 | €325,698 | -€25,682 | -7.3% |
| Fixed assets | 21/28 | €266,089 | €265,628 | -€462 | -0.2% |
| Tangible fixed assets | 22/27 | €266,089 | €265,628 | -€462 | -0.2% |
| Land and buildings | 22 | €250,027 | €243,250 | -€6,777 | -2.7% |
| Plant, machinery and equipment | 23 | €1,041 | €675 | -€366 | -35.2% |
| Furniture and vehicles | 24 | €7,475 | €15,227 | +€7,753 | +103.7% |
| Other tangible fixed assets | 26 | €7,547 | €6,475 | -€1,071 | -14.2% |
| Current assets | 29/58 | €85,290 | €60,070 | -€25,220 | -29.6% |
| Amounts receivable within one year | 40/41 | €62,351 | €41,150 | -€21,201 | -34.0% |
| Trade receivables | 40 | €59,151 | €36,550 | -€22,601 | -38.2% |
| Other amounts receivable | 41 | €3,200 | €4,600 | +€1,400 | +43.8% |
| Cash at bank and in hand | 54/58 | €22,062 | €17,948 | -€4,114 | -18.6% |
| Deferred charges and accrued income | 490/1 | €878 | €973 | +€95 | +10.8% |
| Total equity and liabilities | 10/49 | €351,380 | €325,698 | -€25,682 | -7.3% |
| Equity | 10/15 | €97,689 | €119,848 | +€22,160 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,000 | €101,150 | +€22,150 | +28.0% |
| Distributable reserves | 133 | €79,000 | €101,150 | +€22,150 | +28.0% |
| Profit (loss) carried forward | 14 | €89 | €98 | +€10 | +11.0% |
| Amounts payable | 17/49 | €253,691 | €205,849 | -€47,842 | -18.9% |
| Amounts payable after more than one year | 17 | €167,520 | €156,853 | -€10,667 | -6.4% |
| Financial debts | 170/4 | €167,520 | €156,853 | -€10,667 | -6.4% |
| Amounts payable within one year | 42/48 | €84,235 | €46,094 | -€38,141 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €10,191 | €10,667 | +€476 | +4.7% |
| Financial debts | 43 | - | €2,547 | +€2,547 | |
| Credit institutions | 430/8 | - | €2,547 | +€2,547 | |
| Trade debts | 44 | €558 | €1,443 | +€886 | +158.7% |
| Suppliers | 440/4 | €558 | €1,443 | +€886 | +158.7% |
| Taxes, remuneration and social security | 45 | €9,354 | €13,595 | +€4,241 | +45.3% |
| Taxes | 450/3 | €9,354 | €13,595 | +€4,241 | +45.3% |
| Other amounts payable | 47/48 | €64,132 | €17,843 | -€46,289 | -72.2% |
| Accrued charges and deferred income | 492/3 | €1,936 | €2,902 | +€966 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,475 | €10,869 | -€12,605 | -53.7% |
| Other operating charges | 640/8 | €1,658 | €3,193 | +€1,535 | +92.6% |
| Gross operating margin | 9900 | €40,173 | €57,817 | +€17,644 | +43.9% |
| Operating profit (loss) | 9901 | €15,041 | €43,755 | +€28,715 | +190.9% |
| Financial income | 75/76B | €41 | €42 | +€1 | +2.3% |
| Recurring financial income | 75 | €41 | €42 | +€1 | +2.3% |
| Financial charges | 65/66B | €10,196 | €12,495 | +€2,299 | +22.5% |
| Recurring financial charges | 65 | €10,196 | €12,495 | +€2,299 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €4,885 | €31,302 | +€26,417 | +540.7% |
| Income taxes | 67/77 | €1,986 | €9,143 | +€7,157 | +360.4% |
| Profit (loss) for the period | 9904 | €2,900 | €22,160 | +€19,260 | +664.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,900 | €22,160 | +€19,260 | +664.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.