ICONNECT: 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.
ICONNECT
Largest movements
- Cash -€16,784
down €16,784 (-8.9%), from €189,512 to €172,728
mainly Net result for the year (-€14,234) and Debts after one year (-€6,912)
- Financial fixed assets -€8,000
down €8,000 (-59.6%), from €13,420 to €5,420
- Tangible fixed assets -€6,838
down €6,838 (-9.7%), from €70,783 to €63,945
of which Land and buildings: -€6,278
- Receivables within one year +€5,654
up €5,654 (+5.3%), from €105,964 to €111,618
of which Other amounts receivable: +€5,654
- Profit (loss) carried forward -€14,233
down €14,233 (-4.3%), from €328,087 to €313,854
- Debts after one year -€6,912
down €6,912 (-48.7%), from €14,189 to €7,277
- Write-downs +€19,926
no longer reported in 2025 (was -€19,926)
- Depreciation -€6,714
down €6,714 (-49.5%), from €13,552 to €6,838
- Gross operating margin +€4,679
up €4,679 (+48.8%), from -€9,593 to -€4,914
- Turnover +€3,960
up €3,960 (+100.9%), from €3,923 to €7,883
- Purchases and services -€1,219
down €1,219 (-9.0%), from €13,516 to €12,297
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 | €379,679 | €354,112 | -€25,567 | -6.7% |
| Fixed assets | 21/28 | €84,203 | €69,365 | -€14,838 | -17.6% |
| Tangible fixed assets | 22/27 | €70,783 | €63,945 | -€6,838 | -9.7% |
| Land and buildings | 22 | €70,223 | €63,945 | -€6,278 | -8.9% |
| Furniture and vehicles | 24 | €560 | - | -€560 | |
| Financial fixed assets | 28 | €13,420 | €5,420 | -€8,000 | -59.6% |
| Current assets | 29/58 | €295,476 | €284,747 | -€10,729 | -3.6% |
| Amounts receivable within one year | 40/41 | €105,964 | €111,618 | +€5,654 | +5.3% |
| Trade receivables | 40 | €76,842 | €76,842 | = | 0.0% |
| Other amounts receivable | 41 | €29,122 | €34,776 | +€5,654 | +19.4% |
| Cash at bank and in hand | 54/58 | €189,512 | €172,728 | -€16,784 | -8.9% |
| Deferred charges and accrued income | 490/1 | - | €401 | +€401 | |
| Total equity and liabilities | 10/49 | €379,679 | €354,112 | -€25,567 | -6.7% |
| Equity | 10/15 | €347,676 | €333,443 | -€14,233 | -4.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €13,339 | €13,339 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,839 | €12,839 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €328,087 | €313,854 | -€14,233 | -4.3% |
| Amounts payable | 17/49 | €32,003 | €20,669 | -€11,334 | -35.4% |
| Amounts payable after more than one year | 17 | €14,189 | €7,277 | -€6,912 | -48.7% |
| Financial debts | 170/4 | €14,189 | €7,277 | -€6,912 | -48.7% |
| Amounts payable within one year | 42/48 | €17,814 | €13,392 | -€4,422 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €6,913 | €6,913 | +€0 | 0.0% |
| Trade debts | 44 | €4,767 | €2,138 | -€2,629 | -55.1% |
| Suppliers | 440/4 | €4,767 | €2,138 | -€2,629 | -55.1% |
| Other amounts payable | 47/48 | €6,134 | €4,341 | -€1,793 | -29.2% |
| Turnover | 70 | €3,923 | €7,883 | +€3,960 | +100.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,516 | €12,297 | -€1,219 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,552 | €6,838 | -€6,714 | -49.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,926 | - | +€19,926 | |
| Other operating charges | 640/8 | €3,162 | €3,119 | -€43 | -1.4% |
| Gross operating margin | 9900 | -€9,593 | -€4,914 | +€4,679 | +48.8% |
| Operating profit (loss) | 9901 | -€6,381 | -€14,870 | -€8,489 | -133.0% |
| Financial income | 75/76B | €1,175 | €1,254 | +€79 | +6.7% |
| Recurring financial income | 75 | €1,175 | €1,254 | +€79 | +6.7% |
| Financial charges | 65/66B | €556 | €538 | -€18 | -3.2% |
| Recurring financial charges | 65 | €556 | €538 | -€18 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,762 | -€14,155 | -€8,393 | -145.7% |
| Income taxes | 67/77 | €316 | €79 | -€237 | -75.0% |
| Profit (loss) for the period | 9904 | -€6,078 | -€14,234 | -€8,156 | -134.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,078 | -€14,234 | -€8,156 | -134.2% |
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 9 October 2026 via checked.be.