Iconiq: 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.
Iconiq
Largest movements
- Tangible fixed assets -€513,981
down €513,981 (-86.1%), from €597,007 to €83,026
of which Land and buildings: -€530,169
- Current investments +€400,000
new in 2025: €400,000
- Financial fixed assets -€197,600
down €197,600 (-99.9%), from €197,786 to €186
- Cash -€98,374
down €98,374 (-50.3%), from €195,696 to €97,323
mainly Current investments (-€400,000) and Debts after one year (-€351,100)
- Receivables within one year -€75,078
down €75,078 (-52.9%), from €141,932 to €66,854
of which Trade receivables: -€95,513
- Debts after one year -€351,100
down €351,100 (-86.5%), from €405,940 to €54,840
- Reserves +€260,345
up €260,345 (+175.6%), from €148,241 to €408,587
of which Distributable reserves: +€260,345
- Other debts -€218,290
down €218,290 (-97.0%), from €225,138 to €6,849
- Current portion of long-term debt -€89,746
down €89,746 (-81.2%), from €110,566 to €20,820
- Investment grants -€67,875
down €67,875 (-100.0%), from €67,875 to €0
- Gross operating margin +€625,007
up €625,007 (+1032.8%), from €60,515 to €685,522
- Taxes +€135,169
up €135,169 (+388.4%), from €34,804 to €169,972
- Depreciation +€118,939
up €118,939 (+193.1%), from €61,600 to €180,539
- Financial income +€63,536
up €63,536 (+652.4%), from €9,738 to €73,274
- Staff costs +€60,926
up €60,926 (+199.6%), from €30,521 to €91,446
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 | €1,137,850 | €647,389 | -€490,462 | -43.1% |
| Fixed assets | 21/28 | €794,792 | €83,212 | -€711,581 | -89.5% |
| Tangible fixed assets | 22/27 | €597,007 | €83,026 | -€513,981 | -86.1% |
| Land and buildings | 22 | €534,067 | €3,898 | -€530,169 | -99.3% |
| Plant, machinery and equipment | 23 | €12,869 | €49,524 | +€36,656 | +284.8% |
| Furniture and vehicles | 24 | €37,179 | €15,005 | -€22,174 | -59.6% |
| Other tangible fixed assets | 26 | €12,892 | €14,599 | +€1,707 | +13.2% |
| Financial fixed assets | 28 | €197,786 | €186 | -€197,600 | -99.9% |
| Current assets | 29/58 | €343,058 | €564,177 | +€221,119 | +64.5% |
| Amounts receivable within one year | 40/41 | €141,932 | €66,854 | -€75,078 | -52.9% |
| Trade receivables | 40 | €141,932 | €46,419 | -€95,513 | -67.3% |
| Other amounts receivable | 41 | - | €20,435 | +€20,435 | |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €195,696 | €97,323 | -€98,374 | -50.3% |
| Deferred charges and accrued income | 490/1 | €5,429 | €0 | -€5,429 | -100.0% |
| Total equity and liabilities | 10/49 | €1,137,850 | €647,389 | -€490,462 | -43.1% |
| Equity | 10/15 | €222,316 | €414,787 | +€192,471 | +86.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €148,241 | €408,587 | +€260,345 | +175.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €146,381 | €406,727 | +€260,345 | +177.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €67,875 | €0 | -€67,875 | -100.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €915,534 | €232,602 | -€682,932 | -74.6% |
| Amounts payable after more than one year | 17 | €405,940 | €54,840 | -€351,100 | -86.5% |
| Financial debts | 170/4 | €405,940 | €54,840 | -€351,100 | -86.5% |
| Amounts payable within one year | 42/48 | €449,562 | €177,762 | -€271,800 | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €110,566 | €20,820 | -€89,746 | -81.2% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €82,049 | €77,537 | -€4,513 | -5.5% |
| Suppliers | 440/4 | €82,049 | €77,537 | -€4,513 | -5.5% |
| Taxes, remuneration and social security | 45 | €31,809 | €47,558 | +€15,749 | +49.5% |
| Taxes | 450/3 | €29,305 | €32,900 | +€3,595 | +12.3% |
| Remuneration and social security | 454/9 | €2,504 | €14,657 | +€12,154 | +485.5% |
| Other amounts payable | 47/48 | €225,138 | €6,849 | -€218,290 | -97.0% |
| Accrued charges and deferred income | 492/3 | €60,033 | €0 | -€60,033 | -100.0% |
| Non-recurring operating income | 76A | €1,000 | €320 | -€680 | -68.0% |
| Remuneration, social security and pensions | 62 | €30,521 | €91,446 | +€60,926 | +199.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,600 | €180,539 | +€118,939 | +193.1% |
| Other operating charges | 640/8 | €19,550 | €12,850 | -€6,700 | -34.3% |
| Non-recurring operating charges | 66A | - | €28,457 | +€28,457 | |
| Gross operating margin | 9900 | €60,515 | €685,522 | +€625,007 | +1032.8% |
| Operating profit (loss) | 9901 | -€51,156 | €372,230 | +€423,385 | |
| Financial income | 75/76B | €9,738 | €73,274 | +€63,536 | +652.4% |
| Recurring financial income | 75 | €9,738 | €73,274 | +€63,536 | +652.4% |
| Financial charges | 65/66B | €19,900 | €15,186 | -€4,714 | -23.7% |
| Recurring financial charges | 65 | €19,900 | €15,186 | -€4,714 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€61,317 | €430,318 | +€491,635 | |
| Transfer from deferred taxes | 780 | €44,950 | €0 | -€44,950 | -100.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €34,804 | €169,972 | +€135,169 | +388.4% |
| Profit (loss) for the period | 9904 | -€51,171 | €260,345 | +€311,516 | |
| Transfer from tax-exempt reserves | 789 | €134,851 | €0 | -€134,851 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €83,680 | €260,345 | +€176,666 | +211.1% |
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 7 October 2026 via checked.be.