ICON: 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.
ICON
Largest movements
- Stocks and contracts +€27,213
up €27,213 (+19.7%), from €138,417 to €165,630
- Receivables within one year -€8,299
down €8,299 (-48.6%), from €17,075 to €8,775
of which Trade receivables: -€8,299
- Deferred charges and accrued income -€7,126
down €7,126 (-79.3%), from €8,986 to €1,860
- Tangible fixed assets +€3,407
up €3,407 (+7.5%), from €45,213 to €48,620
of which Furniture and vehicles: +€5,120
- Trade debts +€29,239
up €29,239 (+122.1%), from €23,944 to €53,183
- Reserves +€14,644
up €14,644 (+17.6%), from €83,037 to €97,681
- Other debts -€10,048
down €10,048 (-55.3%), from €18,185 to €8,137
- Debts after one year -€8,795
down €8,795 (-19.0%), from €46,261 to €37,466
- Tax, wage and social debts -€6,720
down €6,720 (-18.8%), from €35,775 to €29,055
of which Taxes: -€4,060
- Gross operating margin +€11,257
up €11,257 (+18.0%), from €62,604 to €73,861
- Staff costs -€5,021
down €5,021 (-10.8%), from €46,401 to €41,379
- Taxes +€3,532
up €3,532 (+353.6%), from €999 to €4,531
- Depreciation +€3,420
up €3,420 (+103.7%), from €3,297 to €6,717
- Financial charges +€1,232
up €1,232 (+28.4%), from €4,340 to €5,572
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 | €244,953 | €258,969 | +€14,016 | +5.7% |
| Fixed assets | 21/28 | €45,280 | €48,620 | +€3,341 | +7.4% |
| Intangible fixed assets | 21 | €67 | €0 | -€67 | -100.0% |
| Tangible fixed assets | 22/27 | €45,213 | €48,620 | +€3,407 | +7.5% |
| Land and buildings | 22 | €33,885 | €32,172 | -€1,713 | -5.1% |
| Furniture and vehicles | 24 | €11,328 | €16,449 | +€5,120 | +45.2% |
| Current assets | 29/58 | €199,673 | €210,349 | +€10,676 | +5.3% |
| Stocks and contracts in progress | 3 | €138,417 | €165,630 | +€27,213 | +19.7% |
| Stocks | 30/36 | €138,417 | €165,630 | +€27,213 | +19.7% |
| Amounts receivable within one year | 40/41 | €17,075 | €8,775 | -€8,299 | -48.6% |
| Trade receivables | 40 | €10,574 | €2,274 | -€8,299 | -78.5% |
| Other amounts receivable | 41 | €6,501 | €6,501 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,195 | €34,083 | -€1,112 | -3.2% |
| Deferred charges and accrued income | 490/1 | €8,986 | €1,860 | -€7,126 | -79.3% |
| Total equity and liabilities | 10/49 | €244,953 | €258,969 | +€14,016 | +5.7% |
| Equity | 10/15 | €101,637 | €116,281 | +€14,644 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,037 | €97,681 | +€14,644 | +17.6% |
| Distributable reserves | 133 | €83,037 | €97,681 | +€14,644 | +17.6% |
| Amounts payable | 17/49 | €143,316 | €142,688 | -€627 | -0.4% |
| Amounts payable after more than one year | 17 | €46,261 | €37,466 | -€8,795 | -19.0% |
| Financial debts | 170/4 | €46,261 | €37,466 | -€8,795 | -19.0% |
| Amounts payable within one year | 42/48 | €96,122 | €105,222 | +€9,101 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €18,218 | €14,848 | -€3,370 | -18.5% |
| Trade debts | 44 | €23,944 | €53,183 | +€29,239 | +122.1% |
| Suppliers | 440/4 | €23,944 | €53,183 | +€29,239 | +122.1% |
| Taxes, remuneration and social security | 45 | €35,775 | €29,055 | -€6,720 | -18.8% |
| Taxes | 450/3 | €28,722 | €24,662 | -€4,060 | -14.1% |
| Remuneration and social security | 454/9 | €7,053 | €4,393 | -€2,660 | -37.7% |
| Other amounts payable | 47/48 | €18,185 | €8,137 | -€10,048 | -55.3% |
| Accrued charges and deferred income | 492/3 | €933 | €0 | -€933 | -100.0% |
| Remuneration, social security and pensions | 62 | €46,401 | €41,379 | -€5,021 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,297 | €6,717 | +€3,420 | +103.7% |
| Other operating charges | 640/8 | €1,540 | €1,030 | -€510 | -33.1% |
| Gross operating margin | 9900 | €62,604 | €73,861 | +€11,257 | +18.0% |
| Operating profit (loss) | 9901 | €11,367 | €24,734 | +€13,368 | +117.6% |
| Financial income | 75/76B | €121 | €13 | -€108 | -89.4% |
| Recurring financial income | 75 | €121 | €13 | -€108 | -89.4% |
| Financial charges | 65/66B | €4,340 | €5,572 | +€1,232 | +28.4% |
| Recurring financial charges | 65 | €4,340 | €5,572 | +€1,232 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €7,147 | €19,175 | +€12,028 | +168.3% |
| Income taxes | 67/77 | €999 | €4,531 | +€3,532 | +353.6% |
| Profit (loss) for the period | 9904 | €6,148 | €14,644 | +€8,495 | +138.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,148 | €14,644 | +€8,495 | +138.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.