ICOMET GROUP: 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.
What changed
ICOMET GROUP
NACE 64.210, Activities of holding companies
financial year 31-12-2025 compared with 31-03-2025filed annual accounts (NBB)
Net result for the year
€104,508
31-03-2025 · €904,978-€800,470
Equity
€13.4m
31-03-2025 · €13.3m+€104,508
Cash
€367,426
31-03-2025 · €395,782-€28,356
Balance sheet total
€15.4m
31-03-2025 · €14.5m+€842,934
Largest movements
Assets
- Receivables within one year +€583,368
up €583,368 (+21.5%), from €2.7m to €3.3m
of which Other amounts receivable: +€348,501
- Financial fixed assets +€300,000
up €300,000 (+2.8%), from €10.8m to €11.1m
Equity and liabilities
- Other debts +€303,234
up €303,234 (+33.3%), from €911,085 to €1.2m
- Debts after one year +€247,996
up €247,996, from €0 to €247,996
- Trade debts +€155,593
up €155,593 (+98.1%), from €158,638 to €314,231
Income statement
- Financial income -€771,665
down €771,665 (-98.0%), from €787,521 to €15,856
of which Financial income: -€771,665
- Turnover -€270,315
down €270,315 (-17.4%), from €1.6m to €1.3m
- Services and other goods -€103,972
down €103,972 (-9.1%), from €1.1m to €1.0m
- Staff costs -€78,550
down €78,550 (-24.4%), from €321,506 to €242,956
- Other operating income +€51,851
up €51,851 (+38.7%), from €134,006 to €185,857
From the 31-03-2025 result to the 31-12-2025 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.
Result 31-03-2025
€904,978
Turnover
-€270,315
Other operating income
+€51,851
Services and other goods
+€103,972
Staff costs
+€78,550
Depreciation
-€1,390
Other operating charges
-€3,857
Financial income
-€771,665
Financial charges
-€4,639
Taxes
+€17,021
Result 31-12-2025
€104,508
raises the resultlowers the result
Derived cash bridge
Derived from the 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€51,301
Investment
-€366,717
Financing
+€287,060
Cash 31-03-2025
€395,782
From operations (derived)
+€51,301
Net result for the year
+€104,508
Depreciation
+€11,392
Receivables after one year
+€75,000
Receivables within one year
-€583,368
Deferred charges and accrued income
-€7,596
Trade debts
+€155,593
Tax, wage and social debts
-€1,827
Other debts
+€303,234
Accrued charges and deferred income
-€5,635
Investment (derived)
-€366,717
Investment in fixed assets (net)
-€366,717
Financing
+€287,060
Debts after one year
+€247,996
Current portion of long-term debt
-€18,992
Short-term financial debts
+€58,056
Cash 31-12-2025
€367,426
brings cash intakes cash out
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,546,456 | €15,389,390 | +€842,934 | +5.8% |
| Fixed assets | 21/28 | €10,807,815 | €11,163,141 | +€355,326 | +3.3% |
| Intangible fixed assets | 21 | - | €2,142 | +€2,142 | |
| Tangible fixed assets | 22/27 | €9,782 | €62,966 | +€53,184 | +544% |
| Furniture and vehicles | 24 | €9,782 | €62,966 | +€53,184 | +544% |
| Financial fixed assets | 28 | €10,798,033 | €11,098,033 | +€300,000 | +2.8% |
| Affiliated companies | 280/1 | €10,798,033 | €11,098,033 | +€300,000 | +2.8% |
| Participating interests | 280 | €10,798,033 | €11,098,033 | +€300,000 | +2.8% |
| Current assets | 29/58 | €3,738,641 | €4,226,249 | +€487,608 | +13.0% |
| Amounts receivable after more than one year | 29 | €600,000 | €525,000 | -€75,000 | -12.5% |
| Other amounts receivable | 291 | €600,000 | €525,000 | -€75,000 | -12.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,718,769 | €3,302,137 | +€583,368 | +21.5% |
| Trade receivables | 40 | €1,061,480 | €1,296,347 | +€234,867 | +22.1% |
| Other amounts receivable | 41 | €1,657,289 | €2,005,790 | +€348,501 | +21.0% |
| Cash at bank and in hand | 54/58 | €395,782 | €367,426 | -€28,356 | -7.2% |
| Deferred charges and accrued income | 490/1 | €24,089 | €31,685 | +€7,596 | +31.5% |
| Total equity and liabilities | 10/49 | €14,546,456 | €15,389,390 | +€842,934 | +5.8% |
| Equity | 10/15 | €13,343,102 | €13,447,610 | +€104,508 | +0.8% |
| Contributions | 10/11 | €5,496,667 | €5,496,667 | = | 0.0% |
| Revaluation surpluses | 12 | €2,491,957 | €2,491,957 | = | 0.0% |
| Reserves | 13 | €5,354,478 | €5,458,986 | +€104,508 | +2.0% |
| Distributable reserves | 133 | €5,354,478 | €5,458,986 | +€104,508 | +2.0% |
| Amounts payable | 17/49 | €1,203,353 | €1,941,779 | +€738,426 | +61.4% |
| Amounts payable after more than one year | 17 | €0 | €247,996 | +€247,996 | |
| Financial debts | 170/4 | €0 | €247,996 | +€247,996 | |
| Credit institutions | 173 | €0 | €247,996 | +€247,996 | |
| Amounts payable within one year | 42/48 | €1,179,560 | €1,675,624 | +€496,064 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €58,212 | €39,220 | -€18,992 | -32.6% |
| Financial debts | 43 | - | €58,056 | +€58,056 | |
| Credit institutions | 430/8 | - | €58,056 | +€58,056 | |
| Trade debts | 44 | €158,638 | €314,231 | +€155,593 | +98.1% |
| Suppliers | 440/4 | €158,638 | €314,231 | +€155,593 | +98.1% |
| Taxes, remuneration and social security | 45 | €51,624 | €49,798 | -€1,827 | -3.5% |
| Taxes | 450/3 | €0 | €105 | +€105 | |
| Remuneration and social security | 454/9 | €51,624 | €49,693 | -€1,931 | -3.7% |
| Other amounts payable | 47/48 | €911,085 | €1,214,319 | +€303,234 | +33.3% |
| Accrued charges and deferred income | 492/3 | €23,794 | €18,159 | -€5,635 | -23.7% |
| Operating income | 70/76A | €1,685,187 | €1,466,724 | -€218,463 | -13.0% |
| Turnover | 70 | €1,551,182 | €1,280,867 | -€270,315 | -17.4% |
| Other operating income | 74 | €134,006 | €185,857 | +€51,851 | +38.7% |
| Operating charges | 60/66A | €1,474,413 | €1,297,137 | -€177,276 | -12.0% |
| Services and other goods | 61 | €1,138,850 | €1,034,878 | -€103,972 | -9.1% |
| Remuneration, social security and pensions | 62 | €321,506 | €242,956 | -€78,550 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,002 | €11,392 | +€1,390 | +13.9% |
| Other operating charges | 640/8 | €4,056 | €7,912 | +€3,857 | +95.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €210,774 | €169,587 | -€41,187 | -19.5% |
| Financial income | 75/76B | €787,521 | €15,856 | -€771,665 | -98.0% |
| Recurring financial income | 75 | €787,521 | €15,856 | -€771,665 | -98.0% |
| Income from financial fixed assets | 750 | €760,000 | €0 | -€760,000 | -100% |
| Income from current assets | 751 | €27,411 | €15,856 | -€11,555 | -42.2% |
| Other financial income | 752/9 | €110 | €0 | -€110 | -100% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €33,721 | €38,360 | +€4,639 | +13.8% |
| Recurring financial charges | 65 | €33,721 | €38,360 | +€4,639 | +13.8% |
| Debt charges | 650 | €32,974 | €37,007 | +€4,033 | +12.2% |
| Other financial charges | 652/9 | €747 | €1,353 | +€606 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €964,573 | €147,082 | -€817,491 | -84.8% |
| Income taxes | 67/77 | €59,595 | €42,574 | -€17,021 | -28.6% |
| Taxes | 670/3 | €59,595 | €42,574 | -€17,021 | -28.6% |
| Profit (loss) for the period | 9904 | €904,978 | €104,508 | -€800,470 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €904,978 | €104,508 | -€800,470 | -88.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.