ICOMET: what changed
What changed
ICOMET
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€192,404
2024 · €570,013-€377,609
Equity
€2.4m
2024 · €2.3m+€192,404
Cash
€827,880
2024 · €88,482+€739,398
Balance sheet total
€7.2m
2024 · €5.0m+€2.2m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+29.3%), from €3.7m to €4.8m
of which Trade receivables: +€1.1m
- Cash +€739,398
up €739,398 (+836%), from €88,482 to €827,880
mainly Advances received (+€1.0m) and Short-term financial debts (+€610,838)
- Stocks and contracts +€451,614
up €451,614 (+64.3%), from €702,248 to €1.2m
of which Contracts in progress: +€452,864
Equity and liabilities
- Advances received +€1.0m
new in 2025: €1.0m
- Short-term financial debts +€610,838
up €610,838 (+305%), from €200,000 to €810,838
- Trade debts +€445,125
up €445,125 (+25.2%), from €1.8m to €2.2m
- Reserves +€192,404
up €192,404 (+8.7%), from €2.2m to €2.4m
Income statement
- Goods and materials +€2.2m
up €2.2m (+28.0%), from €7.9m to €10.1m
of which Purchases: +€2.2m
- Turnover +€1.5m
up €1.5m (+10.8%), from €14.0m to €15.5m
- Services and other goods +€273,365
up €273,365 (+11.5%), from €2.4m to €2.7m
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.
Result 2024
€570,013
Turnover
+€1.5m
Other operating income
+€16,235
Goods and materials
-€2.2m
Services and other goods
-€273,365
Staff costs
-€66,223
Depreciation
+€5,429
Other operating charges
-€2,572
Other operating items
+€508,648
Financial income
+€6,658
Financial charges
-€11,939
Taxes
+€151,256
Result 2025
€192,404
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€228,107
Investment
-€56,573
Financing
+€567,863
Cash 2024
€88,482
From operations (derived)
+€228,107
Net result for the year
+€192,404
Depreciation
+€126,880
Stocks and contracts
-€451,614
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€3,216
Trade debts
+€445,125
Tax, wage and social debts
-€13,601
Advances received
+€1.0m
Smaller working-capital items
-€1,819
Investment (derived)
-€56,573
Investment in fixed assets (net)
-€63,873
Current investments
+€7,300
Financing
+€567,863
Debts after one year
-€43,679
Current portion of long-term debt
+€705
Short-term financial debts
+€610,838
Cash 2025
€827,880
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,994,813 | €7,189,561 | +€2.2m | +43.9% |
| Fixed assets | 21/28 | €494,607 | €431,601 | -€63,007 | -12.7% |
| Tangible fixed assets | 22/27 | €488,559 | €427,258 | -€61,301 | -12.5% |
| Plant, machinery and equipment | 23 | €94,961 | €101,657 | +€6,695 | +7.1% |
| Furniture and vehicles | 24 | €84,493 | €36,489 | -€48,003 | -56.8% |
| Other tangible fixed assets | 26 | €309,105 | €289,112 | -€19,993 | -6.5% |
| Financial fixed assets | 28 | €6,049 | €4,343 | -€1,706 | -28.2% |
| Other financial fixed assets | 284/8 | €6,049 | €4,343 | -€1,706 | -28.2% |
| Amounts receivable and cash guarantees | 285/8 | €6,049 | €4,343 | -€1,706 | -28.2% |
| Current assets | 29/58 | €4,500,205 | €6,757,961 | +€2.3m | +50.2% |
| Stocks and contracts in progress | 3 | €702,248 | €1,153,862 | +€451,614 | +64.3% |
| Stocks | 30/36 | €203,770 | €202,520 | -€1,250 | -0.6% |
| Goods purchased for resale | 34 | €203,770 | €202,520 | -€1,250 | -0.6% |
| Contracts in progress | 37 | €498,478 | €951,342 | +€452,864 | +90.8% |
| Amounts receivable within one year | 40/41 | €3,673,854 | €4,751,114 | +€1.1m | +29.3% |
| Trade receivables | 40 | €2,708,385 | €3,825,744 | +€1.1m | +41.3% |
| Other amounts receivable | 41 | €965,468 | €925,370 | -€40,098 | -4.2% |
| Current investments | 50/53 | €7,825 | €525 | -€7,300 | -93.3% |
| Other investments | 51/53 | €7,825 | €525 | -€7,300 | -93.3% |
| Cash at bank and in hand | 54/58 | €88,482 | €827,880 | +€739,398 | +836% |
| Deferred charges and accrued income | 490/1 | €27,796 | €24,580 | -€3,216 | -11.6% |
| Total equity and liabilities | 10/49 | €4,994,813 | €7,189,561 | +€2.2m | +43.9% |
| Equity | 10/15 | €2,251,252 | €2,443,656 | +€192,404 | +8.5% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €2,206,252 | €2,398,656 | +€192,404 | +8.7% |
| Distributable reserves | 133 | €2,206,252 | €2,398,656 | +€192,404 | +8.7% |
| Amounts payable | 17/49 | €2,743,560 | €4,745,905 | +€2.0m | +73.0% |
| Amounts payable after more than one year | 17 | €159,806 | €116,128 | -€43,679 | -27.3% |
| Financial debts | 170/4 | €159,806 | €116,128 | -€43,679 | -27.3% |
| Credit institutions | 173 | €159,806 | €116,128 | -€43,679 | -27.3% |
| Amounts payable within one year | 42/48 | €2,558,979 | €4,607,144 | +€2.0m | +80.0% |
| Current portion of amounts payable after more than one year | 42 | €42,974 | €43,679 | +€705 | +1.6% |
| Financial debts | 43 | €200,000 | €810,838 | +€610,838 | +305% |
| Credit institutions | 430/8 | €200,000 | €810,838 | +€610,838 | +305% |
| Trade debts | 44 | €1,764,067 | €2,209,192 | +€445,125 | +25.2% |
| Suppliers | 440/4 | €1,764,067 | €2,209,192 | +€445,125 | +25.2% |
| Advances received on contracts in progress | 46 | - | €1,004,776 | +€1.0m | |
| Taxes, remuneration and social security | 45 | €551,009 | €537,408 | -€13,601 | -2.5% |
| Taxes | 450/3 | €267,006 | €226,877 | -€40,129 | -15.0% |
| Remuneration and social security | 454/9 | €284,003 | €310,531 | +€26,528 | +9.3% |
| Other amounts payable | 47/48 | €929 | €1,251 | +€322 | +34.7% |
| Accrued charges and deferred income | 492/3 | €24,775 | €22,634 | -€2,141 | -8.6% |
| Operating income | 70/76A | €14,044,687 | €16,075,707 | +€2.0m | +14.5% |
| Turnover | 70 | €13,967,583 | €15,473,721 | +€1.5m | +10.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€47,618 | €452,864 | +€500,482 | |
| Other operating income | 74 | €124,722 | €140,956 | +€16,235 | +13.0% |
| Non-recurring operating income | 76A | €0 | €8,166 | +€8,166 | |
| Operating charges | 60/66A | €13,235,433 | €15,790,038 | +€2.6m | +19.3% |
| Goods for resale, raw materials and consumables | 60 | €7,920,727 | €10,138,600 | +€2.2m | +28.0% |
| Purchases | 600/8 | €7,915,545 | €10,137,350 | +€2.2m | +28.1% |
| Change in stocks: decrease (increase) | 609 | €5,182 | €1,250 | -€3,932 | -75.9% |
| Services and other goods | 61 | €2,386,952 | €2,660,317 | +€273,365 | +11.5% |
| Remuneration, social security and pensions | 62 | €2,770,120 | €2,836,343 | +€66,223 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,308 | €126,880 | -€5,429 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €25,326 | €27,898 | +€2,572 | +10.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €809,253 | €285,669 | -€523,584 | -64.7% |
| Financial income | 75/76B | €5,194 | €11,852 | +€6,658 | +128% |
| Recurring financial income | 75 | €5,194 | €11,852 | +€6,658 | +128% |
| Income from financial fixed assets | 750 | €0 | €0 | -€0 | -40.0% |
| Income from current assets | 751 | €4,375 | €11,297 | +€6,922 | +158% |
| Other financial income | 752/9 | €818 | €554 | -€264 | -32.3% |
| Financial charges | 65/66B | €19,477 | €31,416 | +€11,939 | +61.3% |
| Recurring financial charges | 65 | €19,477 | €31,416 | +€11,939 | +61.3% |
| Debt charges | 650 | €15,172 | €25,374 | +€10,201 | +67.2% |
| Other financial charges | 652/9 | €4,304 | €6,042 | +€1,738 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €794,970 | €266,105 | -€528,865 | -66.5% |
| Income taxes | 67/77 | €224,957 | €73,701 | -€151,256 | -67.2% |
| Taxes | 670/3 | €224,957 | €73,701 | -€151,256 | -67.2% |
| Profit (loss) for the period | 9904 | €570,013 | €192,404 | -€377,609 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €570,013 | €192,404 | -€377,609 | -66.2% |
Next steps
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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 7 November 2026 via checked.be.