ICOMET DV: what changed
What changed
ICOMET DV
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€105,725
2024 · €206,534-€100,809
Equity
€3.0m
2024 · €2.9m+€105,725
Cash
€224,145
2024 · €175,190+€48,955
Balance sheet total
€4.7m
2024 · €4.8m-€76,582
Largest movements
Assets
- Stocks and contracts -€528,736
down €528,736 (-93.5%), from €565,498 to €36,762
of which Contracts in progress: -€528,656
- Receivables within one year +€495,337
up €495,337 (+17.5%), from €2.8m to €3.3m
of which Trade receivables: +€355,568
- Formation expenses -€145,561
down €145,561 (-36.4%), from €399,992 to €254,432
- Cash +€48,955
up €48,955 (+27.9%), from €175,190 to €224,145
mainly Stocks and contracts (+€528,736) and Depreciation (+€213,948)
Equity and liabilities
- Trade debts -€176,260
down €176,260 (-16.9%), from €1.0m to €868,340
- Reserves +€105,725
up €105,725 (+3.8%), from €2.8m to €2.9m
of which Distributable reserves: +€105,725
- Other debts -€52,350
down €52,350 (-69.8%), from €75,000 to €22,650
- Advances received +€48,136
up €48,136, from €0 to €48,136
Income statement
- Gross operating margin -€257,747
down €257,747 (-12.4%), from €2.1m to €1.8m
- Staff costs -€124,888
down €124,888 (-8.1%), from €1.5m to €1.4m
- Taxes -€43,147
down €43,147 (-49.1%), from €87,851 to €44,704
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
€206,534
Gross operating margin
-€257,747
Staff costs
+€124,888
Depreciation
-€8,581
Write-downs
-€8,362
Other operating charges
+€11,986
Financial income
-€7,656
Financial charges
+€1,515
Taxes
+€43,147
Result 2025
€105,725
raises the resultlowers the result
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
+€136,963
Investment
-€114,565
Financing
+€26,556
Cash 2024
€175,190
From operations (derived)
+€136,963
Net result for the year
+€105,725
Depreciation
+€213,948
Stocks and contracts
+€528,736
Receivables within one year
-€495,337
Deferred charges and accrued income
-€7,246
Trade debts
-€176,260
Tax, wage and social debts
-€27,582
Advances received
+€48,136
Other debts
-€52,350
Accrued charges and deferred income
-€807
Investment (derived)
-€114,565
Investment in fixed assets (net)
-€114,565
Financing
+€26,556
Short-term financial debts
+€26,556
Cash 2025
€224,145
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,809,330 | €4,732,748 | -€76,582 | -1.6% |
| Formation expenses | 20 | €399,992 | €254,432 | -€145,561 | -36.4% |
| Fixed assets | 21/28 | €748,034 | €794,212 | +€46,177 | +6.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €478,834 | €496,812 | +€17,977 | +3.8% |
| Land and buildings | 22 | - | €23,525 | +€23,525 | |
| Plant, machinery and equipment | 23 | €382,192 | €384,308 | +€2,116 | +0.6% |
| Furniture and vehicles | 24 | €26,368 | €21,712 | -€4,655 | -17.7% |
| Other tangible fixed assets | 26 | €70,275 | €67,266 | -€3,009 | -4.3% |
| Financial fixed assets | 28 | €269,200 | €297,400 | +€28,200 | +10.5% |
| Current assets | 29/58 | €3,661,303 | €3,684,105 | +€22,802 | +0.6% |
| Stocks and contracts in progress | 3 | €565,498 | €36,762 | -€528,736 | -93.5% |
| Stocks | 30/36 | €36,842 | €36,762 | -€80 | -0.2% |
| Contracts in progress | 37 | €528,656 | €0 | -€528,656 | -100% |
| Amounts receivable within one year | 40/41 | €2,828,606 | €3,323,943 | +€495,337 | +17.5% |
| Trade receivables | 40 | €2,079,061 | €2,434,629 | +€355,568 | +17.1% |
| Other amounts receivable | 41 | €749,545 | €889,315 | +€139,769 | +18.6% |
| Cash at bank and in hand | 54/58 | €175,190 | €224,145 | +€48,955 | +27.9% |
| Deferred charges and accrued income | 490/1 | €92,009 | €99,255 | +€7,246 | +7.9% |
| Total equity and liabilities | 10/49 | €4,809,330 | €4,732,748 | -€76,582 | -1.6% |
| Equity | 10/15 | €2,933,618 | €3,039,343 | +€105,725 | +3.6% |
| Contributions | 10/11 | €142,218 | €142,218 | = | 0.0% |
| Capital | 10 | €142,218 | €142,218 | = | 0.0% |
| Issued capital | 100 | €142,218 | €142,218 | = | 0.0% |
| Reserves | 13 | €2,791,400 | €2,897,125 | +€105,725 | +3.8% |
| Non-distributable reserves | 130/1 | €14,222 | €14,222 | = | 0.0% |
| Legal reserve | 130 | €14,222 | €14,222 | = | 0.0% |
| Distributable reserves | 133 | €2,777,178 | €2,882,903 | +€105,725 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,875,712 | €1,693,405 | -€182,307 | -9.7% |
| Amounts payable within one year | 42/48 | €1,873,708 | €1,692,208 | -€181,500 | -9.7% |
| Financial debts | 43 | €600,000 | €626,556 | +€26,556 | +4.4% |
| Credit institutions | 430/8 | €600,000 | €626,556 | +€26,556 | +4.4% |
| Trade debts | 44 | €1,044,600 | €868,340 | -€176,260 | -16.9% |
| Suppliers | 440/4 | €1,044,600 | €868,340 | -€176,260 | -16.9% |
| Advances received on contracts in progress | 46 | €0 | €48,136 | +€48,136 | |
| Taxes, remuneration and social security | 45 | €154,109 | €126,527 | -€27,582 | -17.9% |
| Taxes | 450/3 | €82,530 | €77,368 | -€5,161 | -6.3% |
| Remuneration and social security | 454/9 | €71,579 | €49,159 | -€22,421 | -31.3% |
| Other amounts payable | 47/48 | €75,000 | €22,650 | -€52,350 | -69.8% |
| Accrued charges and deferred income | 492/3 | €2,004 | €1,197 | -€807 | -40.3% |
| Non-recurring operating income | 76A | €3,439 | €0 | -€3,439 | -100% |
| Remuneration, social security and pensions | 62 | €1,547,630 | €1,422,743 | -€124,888 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,367 | €213,948 | +€8,581 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €8,362 | +€8,362 | |
| Other operating charges | 640/8 | €29,355 | €17,369 | -€11,986 | -40.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,076,703 | €1,818,956 | -€257,747 | -12.4% |
| Operating profit (loss) | 9901 | €294,351 | €156,535 | -€137,816 | -46.8% |
| Financial income | 75/76B | €58,768 | €51,113 | -€7,656 | -13.0% |
| Recurring financial income | 75 | €58,768 | €51,113 | -€7,656 | -13.0% |
| Financial charges | 65/66B | €58,733 | €57,218 | -€1,515 | -2.6% |
| Recurring financial charges | 65 | €58,733 | €57,218 | -€1,515 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €294,386 | €150,429 | -€143,957 | -48.9% |
| Income taxes | 67/77 | €87,851 | €44,704 | -€43,147 | -49.1% |
| Profit (loss) for the period | 9904 | €206,534 | €105,725 | -€100,809 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €206,534 | €105,725 | -€100,809 | -48.8% |
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 6 November 2026 via checked.be.