Icontech: 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.
Icontech
Largest movements
- Receivables within one year +€937,415
up €937,415 (+266.9%), from €351,267 to €1.3m
of which Trade receivables: +€973,379
- Stocks and contracts +€369,086
up €369,086 (+234.5%), from €157,400 to €526,486
of which Contracts in progress: +€266,000
- Cash -€127,114
no longer reported in 2025 (was €127,114)
mainly Receivables within one year (-€937,415) and Stocks and contracts (-€369,086)
- Tangible fixed assets +€126,633
up €126,633 (+94.4%), from €134,106 to €260,739
of which Furniture and vehicles: +€117,176
- Intangible fixed assets -€76,952
down €76,952 (-20.8%), from €370,723 to €293,770
- Trade debts +€790,637
up €790,637 (+470.1%), from €168,170 to €958,808
- Current portion of long-term debt +€372,122
up €372,122 (+375.8%), from €99,023 to €471,145
- Profit (loss) carried forward -€305,950
down €305,950 (-30.9%), from -€990,050 to -€1.3m
- Short-term financial debts +€252,281
new in 2025: €252,281
- Debts after one year +€63,626
up €63,626 (+15.2%), from €417,430 to €481,056
- Turnover +€1.4m
up €1.4m (+180.7%), from €791,466 to €2.2m
- Gross operating margin +€1.1m
up €1.1m, from -€544,355 to €561,319
- Purchases and services +€581,345
up €581,345 (+40.0%), from €1.5m to €2.0m
- Staff costs +€334,937
up €334,937 (+119.3%), from €280,787 to €615,724
- Write-downs +€50,323
new in 2025: €50,323
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 | €1,266,339 | €2,481,006 | +€1.2m | +95.9% |
| Formation expenses | 20 | €72,190 | €52,071 | -€20,119 | -27.9% |
| Fixed assets | 21/28 | €515,040 | €564,720 | +€49,680 | +9.6% |
| Intangible fixed assets | 21 | €370,723 | €293,770 | -€76,952 | -20.8% |
| Tangible fixed assets | 22/27 | €134,106 | €260,739 | +€126,633 | +94.4% |
| Plant, machinery and equipment | 23 | €6,834 | €16,892 | +€10,058 | +147.2% |
| Furniture and vehicles | 24 | €126,041 | €243,216 | +€117,176 | +93.0% |
| Other tangible fixed assets | 26 | €1,232 | €631 | -€601 | -48.8% |
| Financial fixed assets | 28 | €10,211 | €10,211 | = | 0.0% |
| Current assets | 29/58 | €679,109 | €1,864,215 | +€1.2m | +174.5% |
| Stocks and contracts in progress | 3 | €157,400 | €526,486 | +€369,086 | +234.5% |
| Stocks | 30/36 | €157,400 | €260,486 | +€103,086 | +65.5% |
| Contracts in progress | 37 | - | €266,000 | +€266,000 | |
| Amounts receivable within one year | 40/41 | €351,267 | €1,288,681 | +€937,415 | +266.9% |
| Trade receivables | 40 | €192,083 | €1,165,463 | +€973,379 | +506.7% |
| Other amounts receivable | 41 | €159,184 | €123,219 | -€35,965 | -22.6% |
| Cash at bank and in hand | 54/58 | €127,114 | - | -€127,114 | |
| Deferred charges and accrued income | 490/1 | €43,328 | €49,047 | +€5,720 | +13.2% |
| Total equity and liabilities | 10/49 | €1,266,339 | €2,481,006 | +€1.2m | +95.9% |
| Equity | 10/15 | €545,336 | €239,385 | -€305,950 | -56.1% |
| Contributions | 10/11 | €1,535,386 | €1,535,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€990,050 | -€1,296,000 | -€305,950 | -30.9% |
| Provisions and deferred taxes | 16 | €5,000 | €11,500 | +€6,500 | +130.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €11,500 | +€6,500 | +130.0% |
| Other liabilities and charges | 164/5 | €5,000 | €11,500 | +€6,500 | +130.0% |
| Amounts payable | 17/49 | €716,003 | €2,230,120 | +€1.5m | +211.5% |
| Amounts payable after more than one year | 17 | €417,430 | €481,056 | +€63,626 | +15.2% |
| Financial debts | 170/4 | €417,430 | €481,056 | +€63,626 | +15.2% |
| Amounts payable within one year | 42/48 | €298,573 | €1,734,076 | +€1.4m | +480.8% |
| Current portion of amounts payable after more than one year | 42 | €99,023 | €471,145 | +€372,122 | +375.8% |
| Financial debts | 43 | - | €252,281 | +€252,281 | |
| Credit institutions | 430/8 | - | €252,281 | +€252,281 | |
| Trade debts | 44 | €168,170 | €958,808 | +€790,637 | +470.1% |
| Suppliers | 440/4 | €168,170 | €958,808 | +€790,637 | +470.1% |
| Taxes, remuneration and social security | 45 | €31,380 | €51,841 | +€20,462 | +65.2% |
| Taxes | 450/3 | €810 | €216 | -€594 | -73.3% |
| Remuneration and social security | 454/9 | €30,570 | €51,625 | +€21,055 | +68.9% |
| Accrued charges and deferred income | 492/3 | - | €14,989 | +€14,989 | |
| Turnover | 70 | €791,466 | €2,221,267 | +€1.4m | +180.7% |
| Non-recurring operating income | 76A | €1,320 | €150 | -€1,170 | -88.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,451,565 | €2,032,911 | +€581,345 | +40.0% |
| Remuneration, social security and pensions | 62 | €280,787 | €615,724 | +€334,937 | +119.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,864 | €132,962 | +€17,098 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €50,323 | +€50,323 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,000 | €6,500 | +€1,500 | +30.0% |
| Other operating charges | 640/8 | €11,582 | €11,247 | -€335 | -2.9% |
| Gross operating margin | 9900 | -€544,355 | €561,319 | +€1.1m | |
| Operating profit (loss) | 9901 | -€957,587 | -€255,437 | +€702,150 | +73.3% |
| Financial income | 75/76B | €896 | €5,234 | +€4,338 | +484.3% |
| Recurring financial income | 75 | €896 | €5,234 | +€4,338 | +484.3% |
| Financial charges | 65/66B | €33,359 | €55,504 | +€22,145 | +66.4% |
| Recurring financial charges | 65 | €33,359 | €55,504 | +€22,145 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | -€990,050 | -€305,707 | +€684,343 | +69.1% |
| Income taxes | 67/77 | - | €243 | +€243 | |
| Profit (loss) for the period | 9904 | -€990,050 | -€305,950 | +€684,100 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€990,050 | -€305,950 | +€684,100 | +69.1% |
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 12 October 2026 via checked.be.