ICQB: 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.
ICQB
Largest movements
- Receivables within one year -€15,206
down €15,206 (-29.3%), from €51,892 to €36,686
of which Trade receivables: -€16,525
- Tangible fixed assets -€13,476
down €13,476 (-18.8%), from €71,859 to €58,383
of which Furniture and vehicles: -€8,738
- Cash +€3,376
up €3,376 (+3.8%), from €88,901 to €92,277
mainly Net result for the year (+€30,644) and Receivables within one year (+€15,206)
- Advances received -€33,039
down €33,039 (-78.2%), from €42,253 to €9,214
- Profit (loss) carried forward +€30,644
up €30,644 (+89.6%), from €34,211 to €64,855
- Trade debts -€18,287
down €18,287 (-32.0%), from €57,162 to €38,875
- Debts after one year -€15,798
down €15,798 (-30.2%), from €52,385 to €36,587
- Tax, wage and social debts +€11,493
up €11,493 (+135%), from €8,524 to €20,017
of which Taxes: +€8,630
- Gross operating margin +€21,481
up €21,481 (+56.1%), from €38,272 to €59,753
- Financial charges +€5,254
up €5,254 (+227%), from €2,313 to €7,568
- Depreciation +€4,207
up €4,207 (+55.3%), from €7,603 to €11,810
- Taxes +€2,109
up €2,109 (+30.7%), from €6,858 to €8,967
- Other operating charges -€1,397
down €1,397 (-64.6%), from €2,162 to €764
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.
Derived cash bridge
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 | €214,962 | €190,347 | -€24,615 | -11.5% |
| Fixed assets | 21/28 | €73,959 | €61,153 | -€12,806 | -17.3% |
| Tangible fixed assets | 22/27 | €71,859 | €58,383 | -€13,476 | -18.8% |
| Plant, machinery and equipment | 23 | €417 | €325 | -€92 | -22.0% |
| Furniture and vehicles | 24 | €25,414 | €16,676 | -€8,738 | -34.4% |
| Other tangible fixed assets | 26 | €46,028 | €41,381 | -€4,647 | -10.1% |
| Financial fixed assets | 28 | €2,100 | €2,770 | +€670 | +31.9% |
| Current assets | 29/58 | €141,003 | €129,194 | -€11,808 | -8.4% |
| Amounts receivable within one year | 40/41 | €51,892 | €36,686 | -€15,206 | -29.3% |
| Trade receivables | 40 | €44,130 | €27,606 | -€16,525 | -37.4% |
| Other amounts receivable | 41 | €7,762 | €9,080 | +€1,318 | +17.0% |
| Cash at bank and in hand | 54/58 | €88,901 | €92,277 | +€3,376 | +3.8% |
| Deferred charges and accrued income | 490/1 | €209 | €232 | +€23 | +10.8% |
| Total equity and liabilities | 10/49 | €214,962 | €190,347 | -€24,615 | -11.5% |
| Equity | 10/15 | €39,211 | €69,855 | +€30,644 | +78.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,211 | €64,855 | +€30,644 | +89.6% |
| Amounts payable | 17/49 | €175,750 | €120,492 | -€55,259 | -31.4% |
| Amounts payable after more than one year | 17 | €52,385 | €36,587 | -€15,798 | -30.2% |
| Financial debts | 170/4 | €52,385 | €36,587 | -€15,798 | -30.2% |
| Amounts payable within one year | 42/48 | €123,365 | €83,904 | -€39,461 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €15,131 | €15,798 | +€667 | +4.4% |
| Financial debts | 43 | €62 | €0 | -€62 | -100% |
| Credit institutions | 430/8 | €62 | €0 | -€62 | -100% |
| Trade debts | 44 | €57,162 | €38,875 | -€18,287 | -32.0% |
| Suppliers | 440/4 | €57,162 | €38,875 | -€18,287 | -32.0% |
| Advances received on contracts in progress | 46 | €42,253 | €9,214 | -€33,039 | -78.2% |
| Taxes, remuneration and social security | 45 | €8,524 | €20,017 | +€11,493 | +135% |
| Taxes | 450/3 | €8,524 | €17,154 | +€8,630 | +101% |
| Remuneration and social security | 454/9 | - | €2,863 | +€2,863 | |
| Other amounts payable | 47/48 | €233 | €0 | -€233 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,603 | €11,810 | +€4,207 | +55.3% |
| Other operating charges | 640/8 | €2,162 | €764 | -€1,397 | -64.6% |
| Gross operating margin | 9900 | €38,272 | €59,753 | +€21,481 | +56.1% |
| Operating profit (loss) | 9901 | €28,507 | €47,178 | +€18,672 | +65.5% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €2,313 | €7,568 | +€5,254 | +227% |
| Recurring financial charges | 65 | €2,313 | €7,568 | +€5,254 | +227% |
| Profit (loss) for the period before taxes | 9903 | €26,195 | €39,611 | +€13,415 | +51.2% |
| Income taxes | 67/77 | €6,858 | €8,967 | +€2,109 | +30.7% |
| Profit (loss) for the period | 9904 | €19,337 | €30,644 | +€11,307 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,337 | €30,644 | +€11,307 | +58.5% |
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 15 October 2026 via checked.be.