ICONIQ: 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.
ICONIQ
Largest movements
- Cash +€82,808
up €82,808 (+425.6%), from €19,457 to €102,265
mainly Net result for the year (+€226,611) and Current portion of long-term debt (+€50,437)
- Receivables within one year -€30,984
down €30,984 (-36.0%), from €85,975 to €54,991
of which Other amounts receivable: -€35,520
- Tangible fixed assets -€17,278
down €17,278 (-12.7%), from €136,339 to €119,062
of which Furniture and vehicles: -€15,164
- Other debts -€71,364
down €71,364 (-23.4%), from €305,228 to €233,865
- Current portion of long-term debt +€50,437
up €50,437 (+64.3%), from €78,466 to €128,903
- Profit (loss) carried forward +€46,611
up €46,611 (+15.0%), from €309,791 to €356,402
- Trade debts +€13,413
up €13,413 (+318.2%), from €4,216 to €17,629
- Financial income -€46,669
down €46,669 (-31.8%), from €146,667 to €99,998
- Gross operating margin +€43,016
up €43,016 (+24.8%), from €173,709 to €216,724
- Staff costs +€21,278
up €21,278 (+594.2%), from €3,581 to €24,859
- Taxes +€5,482
up €5,482 (+12.6%), from €43,490 to €48,972
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 | €1,275,940 | €1,310,782 | +€34,842 | +2.7% |
| Fixed assets | 21/28 | €1,169,672 | €1,152,394 | -€17,278 | -1.5% |
| Tangible fixed assets | 22/27 | €136,339 | €119,062 | -€17,278 | -12.7% |
| Land and buildings | 22 | €106,653 | €104,540 | -€2,113 | -2.0% |
| Furniture and vehicles | 24 | €29,686 | €14,522 | -€15,164 | -51.1% |
| Financial fixed assets | 28 | €1,033,332 | €1,033,332 | = | 0.0% |
| Current assets | 29/58 | €106,269 | €158,388 | +€52,119 | +49.0% |
| Amounts receivable within one year | 40/41 | €85,975 | €54,991 | -€30,984 | -36.0% |
| Trade receivables | 40 | €49,308 | €53,845 | +€4,537 | +9.2% |
| Other amounts receivable | 41 | €36,667 | €1,146 | -€35,520 | -96.9% |
| Cash at bank and in hand | 54/58 | €19,457 | €102,265 | +€82,808 | +425.6% |
| Deferred charges and accrued income | 490/1 | €836 | €1,131 | +€295 | +35.3% |
| Total equity and liabilities | 10/49 | €1,275,940 | €1,310,782 | +€34,842 | +2.7% |
| Equity | 10/15 | €604,791 | €651,402 | +€46,611 | +7.7% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €309,791 | €356,402 | +€46,611 | +15.0% |
| Amounts payable | 17/49 | €671,149 | €659,380 | -€11,769 | -1.8% |
| Amounts payable after more than one year | 17 | €214,717 | €213,012 | -€1,705 | -0.8% |
| Financial debts | 170/4 | €189,717 | €205,512 | +€15,795 | +8.3% |
| Other amounts payable | 178/9 | €25,000 | €7,500 | -€17,500 | -70.0% |
| Amounts payable within one year | 42/48 | €456,432 | €446,368 | -€10,064 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €78,466 | €128,903 | +€50,437 | +64.3% |
| Trade debts | 44 | €4,216 | €17,629 | +€13,413 | +318.2% |
| Suppliers | 440/4 | €4,216 | €17,629 | +€13,413 | +318.2% |
| Taxes, remuneration and social security | 45 | €68,522 | €65,972 | -€2,550 | -3.7% |
| Taxes | 450/3 | €68,049 | €62,918 | -€5,132 | -7.5% |
| Remuneration and social security | 454/9 | €473 | €3,054 | +€2,582 | +546.3% |
| Other amounts payable | 47/48 | €305,228 | €233,865 | -€71,364 | -23.4% |
| Remuneration, social security and pensions | 62 | €3,581 | €24,859 | +€21,278 | +594.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,496 | €4,273 | -€1,224 | -22.3% |
| Other operating charges | 640/8 | €1,869 | €2,404 | +€535 | +28.6% |
| Gross operating margin | 9900 | €173,709 | €216,724 | +€43,016 | +24.8% |
| Operating profit (loss) | 9901 | €162,762 | €185,189 | +€22,427 | +13.8% |
| Financial income | 75/76B | €146,667 | €99,998 | -€46,669 | -31.8% |
| Recurring financial income | 75 | €146,667 | €99,998 | -€46,669 | -31.8% |
| Financial charges | 65/66B | €10,968 | €9,604 | -€1,365 | -12.4% |
| Recurring financial charges | 65 | €10,968 | €9,604 | -€1,365 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €298,461 | €275,583 | -€22,878 | -7.7% |
| Income taxes | 67/77 | €43,490 | €48,972 | +€5,482 | +12.6% |
| Profit (loss) for the period | 9904 | €254,971 | €226,611 | -€28,360 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €254,971 | €226,611 | -€28,360 | -11.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.