ICS: 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.
ICS
Largest movements
- Receivables within one year -€224,935
down €224,935 (-12.3%), from €1.8m to €1.6m
of which Trade receivables: -€129,735
- Cash -€162,992
down €162,992 (-96.3%), from €169,186 to €6,195
mainly Other debts (-€879,964) and Tax, wage and social debts (-€25,787)
- Other debts -€879,964
down €879,964 (-55.8%), from €1.6m to €696,478
- Debts after one year +€500,000
up €500,000 (+250%), from €200,000 to €700,000
- Profit (loss) carried forward +€27,051
up €27,051 (+136%), from €19,915 to €46,965
- Tax, wage and social debts -€25,787
down €25,787 (-49.2%), from €52,392 to €26,605
of which Remuneration and social security: -€25,787
- Staff costs -€274,002
down €274,002 (-43.8%), from €625,980 to €351,979
- Gross operating margin -€230,013
down €230,013 (-30.3%), from €758,382 to €528,370
- Financial charges +€27,864
up €27,864 (+33.2%), from €83,811 to €111,675
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 | €2,062,473 | €1,666,459 | -€396,014 | -19.2% |
| Fixed assets | 21/28 | €55,500 | €48,513 | -€6,987 | -12.6% |
| Tangible fixed assets | 22/27 | €12,450 | €5,463 | -€6,987 | -56.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €12,450 | €5,463 | -€6,987 | -56.1% |
| Financial fixed assets | 28 | €43,050 | €43,050 | = | 0.0% |
| Current assets | 29/58 | €2,006,973 | €1,617,946 | -€389,027 | -19.4% |
| Amounts receivable within one year | 40/41 | €1,827,919 | €1,602,984 | -€224,935 | -12.3% |
| Trade receivables | 40 | €1,686,483 | €1,556,747 | -€129,735 | -7.7% |
| Other amounts receivable | 41 | €141,437 | €46,237 | -€95,200 | -67.3% |
| Cash at bank and in hand | 54/58 | €169,186 | €6,195 | -€162,992 | -96.3% |
| Deferred charges and accrued income | 490/1 | €9,867 | €8,767 | -€1,100 | -11.2% |
| Total equity and liabilities | 10/49 | €2,062,473 | €1,666,459 | -€396,014 | -19.2% |
| Equity | 10/15 | €40,375 | €67,425 | +€27,051 | +67.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,915 | €46,965 | +€27,051 | +136% |
| Amounts payable | 17/49 | €2,022,098 | €1,599,033 | -€423,065 | -20.9% |
| Amounts payable after more than one year | 17 | €200,000 | €700,000 | +€500,000 | +250% |
| Financial debts | 170/4 | €200,000 | €700,000 | +€500,000 | +250% |
| Amounts payable within one year | 42/48 | €1,822,098 | €898,996 | -€923,102 | -50.7% |
| Trade debts | 44 | €193,265 | €175,914 | -€17,351 | -9.0% |
| Suppliers | 440/4 | €193,265 | €175,914 | -€17,351 | -9.0% |
| Taxes, remuneration and social security | 45 | €52,392 | €26,605 | -€25,787 | -49.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €52,392 | €26,605 | -€25,787 | -49.2% |
| Other amounts payable | 47/48 | €1,576,442 | €696,478 | -€879,964 | -55.8% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €625,980 | €351,979 | -€274,002 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,095 | €6,987 | -€2,108 | -23.2% |
| Other operating charges | 640/8 | €11,464 | €11,918 | +€454 | +4.0% |
| Gross operating margin | 9900 | €758,382 | €528,370 | -€230,013 | -30.3% |
| Operating profit (loss) | 9901 | €111,843 | €157,486 | +€45,643 | +40.8% |
| Financial income | 75/76B | €3,557 | €2,992 | -€565 | -15.9% |
| Recurring financial income | 75 | €3,557 | €2,992 | -€565 | -15.9% |
| Financial charges | 65/66B | €83,811 | €111,675 | +€27,864 | +33.2% |
| Recurring financial charges | 65 | €83,811 | €111,675 | +€27,864 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €31,589 | €48,803 | +€17,214 | +54.5% |
| Income taxes | 67/77 | €16,143 | €21,752 | +€5,609 | +34.7% |
| Profit (loss) for the period | 9904 | €15,446 | €27,051 | +€11,604 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,446 | €27,051 | +€11,604 | +75.1% |
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 24 October 2026 via checked.be.