ICPM BUILD: 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.
ICPM BUILD
Largest movements
- Receivables within one year -€41,847
down €41,847 (-24.2%), from €172,659 to €130,812
of which Trade receivables: -€71,161
- Cash +€5,162
up €5,162 (+176.2%), from €2,930 to €8,092
mainly Receivables within one year (+€41,847) and Tax, wage and social debts (+€8,059)
- Tangible fixed assets -€2,795
down €2,795 (-59.6%), from €4,693 to €1,898
of which Plant, machinery and equipment: -€2,179
- Profit (loss) carried forward -€28,609
down €28,609 (-40.6%), from €70,469 to €41,861
- Short-term financial debts -€17,038
down €17,038 (-63.0%), from €27,036 to €9,999
- Tax, wage and social debts +€8,059
up €8,059 (+20.9%), from €38,508 to €46,567
- Current portion of long-term debt -€1,995
down €1,995 (-36.8%), from €5,424 to €3,429
- Gross operating margin -€21,683
down €21,683 (-44.1%), from €49,179 to €27,497
- Taxes -€4,691
down €4,691 (-56.1%), from €8,359 to €3,668
- Other operating charges -€2,670
down €2,670 (-22.7%), from €11,751 to €9,081
- Staff costs +€1,305
new in 2025: €1,305
- Financial charges -€1,177
down €1,177 (-11.2%), from €10,491 to €9,314
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 | €180,281 | €140,801 | -€39,480 | -21.9% |
| Fixed assets | 21/28 | €4,693 | €1,898 | -€2,795 | -59.6% |
| Tangible fixed assets | 22/27 | €4,693 | €1,898 | -€2,795 | -59.6% |
| Plant, machinery and equipment | 23 | €3,837 | €1,658 | -€2,179 | -56.8% |
| Furniture and vehicles | 24 | €855 | €240 | -€616 | -72.0% |
| Current assets | 29/58 | €175,589 | €138,903 | -€36,685 | -20.9% |
| Amounts receivable within one year | 40/41 | €172,659 | €130,812 | -€41,847 | -24.2% |
| Trade receivables | 40 | €103,864 | €32,703 | -€71,161 | -68.5% |
| Other amounts receivable | 41 | €68,794 | €98,108 | +€29,314 | +42.6% |
| Cash at bank and in hand | 54/58 | €2,930 | €8,092 | +€5,162 | +176.2% |
| Total equity and liabilities | 10/49 | €180,281 | €140,801 | -€39,480 | -21.9% |
| Equity | 10/15 | €75,469 | €46,861 | -€28,609 | -37.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,469 | €41,861 | -€28,609 | -40.6% |
| Amounts payable | 17/49 | €104,812 | €93,941 | -€10,871 | -10.4% |
| Amounts payable after more than one year | 17 | €3,313 | €4,250 | +€937 | +28.3% |
| Financial debts | 170/4 | €3,313 | €4,250 | +€937 | +28.3% |
| Amounts payable within one year | 42/48 | €101,499 | €89,691 | -€11,808 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €5,424 | €3,429 | -€1,995 | -36.8% |
| Financial debts | 43 | €27,036 | €9,999 | -€17,038 | -63.0% |
| Credit institutions | 430/8 | €27,036 | €9,999 | -€17,038 | -63.0% |
| Trade debts | 44 | €30,530 | €29,697 | -€833 | -2.7% |
| Suppliers | 440/4 | €30,530 | €29,697 | -€833 | -2.7% |
| Taxes, remuneration and social security | 45 | €38,508 | €46,567 | +€8,059 | +20.9% |
| Taxes | 450/3 | €38,508 | €46,567 | +€8,059 | +20.9% |
| Remuneration, social security and pensions | 62 | - | €1,305 | +€1,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,275 | €2,795 | -€480 | -14.7% |
| Other operating charges | 640/8 | €11,751 | €9,081 | -€2,670 | -22.7% |
| Gross operating margin | 9900 | €49,179 | €27,497 | -€21,683 | -44.1% |
| Operating profit (loss) | 9901 | €34,153 | €14,316 | -€19,837 | -58.1% |
| Financial income | 75/76B | €63 | €57 | -€6 | -9.0% |
| Recurring financial income | 75 | €63 | €57 | -€6 | -9.0% |
| Financial charges | 65/66B | €10,491 | €9,314 | -€1,177 | -11.2% |
| Recurring financial charges | 65 | €10,491 | €9,314 | -€1,177 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €23,725 | €5,060 | -€18,665 | -78.7% |
| Income taxes | 67/77 | €8,359 | €3,668 | -€4,691 | -56.1% |
| Profit (loss) for the period | 9904 | €15,366 | €1,391 | -€13,974 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,366 | €1,391 | -€13,974 | -90.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.