ICRB: 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.
ICRB
Largest movements
- Receivables within one year -€199,478
down €199,478 (-28.2%), from €707,991 to €508,513
of which Trade receivables: -€199,478
- Cash +€74,503
up €74,503 (+90.6%), from €82,256 to €156,759
mainly Net result for the year (+€246,015) and Receivables within one year (+€199,478)
- Stocks and contracts +€56,944
up €56,944 (+18.4%), from €309,142 to €366,086
- Tangible fixed assets -€32,950
down €32,950 (-7.2%), from €457,284 to €424,334
of which Plant, machinery and equipment: -€54,740
- Trade debts -€225,254
down €225,254 (-42.5%), from €529,637 to €304,383
- Reserves +€148,000
up €148,000 (+98.7%), from €150,000 to €298,000
- Short-term financial debts -€26,056
down €26,056 (-9.4%), from €276,056 to €250,000
- Tax, wage and social debts +€18,887
up €18,887 (+18.3%), from €103,377 to €122,264
of which Remuneration and social security: +€12,979
- Gross operating margin +€156,431
up €156,431 (+17.2%), from €910,776 to €1.1m
- Staff costs +€35,324
up €35,324 (+5.7%), from €623,952 to €659,276
- Taxes +€23,373
up €23,373 (+38.0%), from €61,435 to €84,809
- Depreciation +€20,143
up €20,143 (+43.4%), from €46,458 to €66,601
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 | €1,572,144 | €1,486,548 | -€85,595 | -5.4% |
| Fixed assets | 21/28 | €466,716 | €445,244 | -€21,471 | -4.6% |
| Intangible fixed assets | 21 | €9,432 | €20,911 | +€11,479 | +121.7% |
| Tangible fixed assets | 22/27 | €457,284 | €424,334 | -€32,950 | -7.2% |
| Plant, machinery and equipment | 23 | €450,891 | €396,151 | -€54,740 | -12.1% |
| Furniture and vehicles | 24 | €153 | €22,669 | +€22,516 | +14694.3% |
| Other tangible fixed assets | 26 | €6,240 | €5,514 | -€726 | -11.6% |
| Current assets | 29/58 | €1,105,428 | €1,041,304 | -€64,124 | -5.8% |
| Stocks and contracts in progress | 3 | €309,142 | €366,086 | +€56,944 | +18.4% |
| Stocks | 30/36 | €309,142 | €366,086 | +€56,944 | +18.4% |
| Amounts receivable within one year | 40/41 | €707,991 | €508,513 | -€199,478 | -28.2% |
| Trade receivables | 40 | €707,991 | €508,513 | -€199,478 | -28.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €82,256 | €156,759 | +€74,503 | +90.6% |
| Deferred charges and accrued income | 490/1 | €6,039 | €9,946 | +€3,907 | +64.7% |
| Total equity and liabilities | 10/49 | €1,572,144 | €1,486,548 | -€85,595 | -5.4% |
| Equity | 10/15 | €562,918 | €708,934 | +€146,015 | +25.9% |
| Contributions | 10/11 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €298,000 | +€148,000 | +98.7% |
| Distributable reserves | 133 | €150,000 | €298,000 | +€148,000 | +98.7% |
| Profit (loss) carried forward | 14 | €2,918 | €934 | -€1,985 | -68.0% |
| Amounts payable | 17/49 | €1,009,225 | €777,615 | -€231,611 | -22.9% |
| Amounts payable within one year | 42/48 | €1,009,225 | €776,647 | -€232,578 | -23.0% |
| Financial debts | 43 | €276,056 | €250,000 | -€26,056 | -9.4% |
| Credit institutions | 430/8 | €276,056 | €250,000 | -€26,056 | -9.4% |
| Trade debts | 44 | €529,637 | €304,383 | -€225,254 | -42.5% |
| Suppliers | 440/4 | €529,637 | €304,383 | -€225,254 | -42.5% |
| Taxes, remuneration and social security | 45 | €103,377 | €122,264 | +€18,887 | +18.3% |
| Taxes | 450/3 | €52,608 | €58,516 | +€5,908 | +11.2% |
| Remuneration and social security | 454/9 | €50,769 | €63,748 | +€12,979 | +25.6% |
| Other amounts payable | 47/48 | €100,156 | €100,000 | -€156 | -0.2% |
| Accrued charges and deferred income | 492/3 | €0 | €968 | +€968 | |
| Non-recurring operating income | 76A | €3,300 | €0 | -€3,300 | -100.0% |
| Remuneration, social security and pensions | 62 | €623,952 | €659,276 | +€35,324 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,458 | €66,601 | +€20,143 | +43.4% |
| Other operating charges | 640/8 | €1,716 | €2,187 | +€471 | +27.4% |
| Gross operating margin | 9900 | €910,776 | €1,067,207 | +€156,431 | +17.2% |
| Operating profit (loss) | 9901 | €238,650 | €339,143 | +€100,493 | +42.1% |
| Financial income | 75/76B | €6,051 | €1,350 | -€4,701 | -77.7% |
| Recurring financial income | 75 | €6,051 | €1,350 | -€4,701 | -77.7% |
| Financial charges | 65/66B | €10,068 | €9,669 | -€399 | -4.0% |
| Recurring financial charges | 65 | €10,068 | €9,669 | -€399 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €234,633 | €330,824 | +€96,191 | +41.0% |
| Income taxes | 67/77 | €61,435 | €84,809 | +€23,373 | +38.0% |
| Profit (loss) for the period | 9904 | €173,198 | €246,015 | +€72,817 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,198 | €246,015 | +€72,817 | +42.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.