ICS GROUP: 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 GROUP
Largest movements
- Cash -€50,913
down €50,913 (-76.7%), from €66,372 to €15,459
mainly Net result for the year (-€26,048) and Tax, wage and social debts (-€10,354)
- Receivables within one year +€4,656
up €4,656 (+19.5%), from €23,939 to €28,595
of which Other amounts receivable: +€6,244
- Deferred charges and accrued income -€3,314
down €3,314 (-48.2%), from €6,870 to €3,556
- Tangible fixed assets -€2,095
down €2,095 (-3.0%), from €70,843 to €68,747
of which Furniture and vehicles: -€1,703
- Profit (loss) carried forward -€26,048
down €26,048 (-58.0%), from €44,917 to €18,869
- Tax, wage and social debts -€10,354
down €10,354 (-69.7%), from €14,866 to €4,512
of which Taxes: -€9,054
- Other debts -€8,980
down €8,980 (-11.1%), from €81,244 to €72,264
- Debts after one year -€4,378
no longer reported in 2025 (was €4,378)
- Current portion of long-term debt -€4,276
down €4,276 (-49.4%), from €8,655 to €4,378
- Gross operating margin -€64,828
down €64,828, from €44,137 to -€20,692
- Taxes -€9,512
no longer reported in 2025 (was €9,512)
- Depreciation -€3,889
down €3,889 (-65.0%), from €5,984 to €2,095
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 | €170,271 | €118,597 | -€51,674 | -30.3% |
| Fixed assets | 21/28 | €70,843 | €68,747 | -€2,095 | -3.0% |
| Tangible fixed assets | 22/27 | €70,843 | €68,747 | -€2,095 | -3.0% |
| Land and buildings | 22 | €44,907 | €44,907 | = | 0.0% |
| Plant, machinery and equipment | 23 | €862 | €469 | -€392 | -45.5% |
| Furniture and vehicles | 24 | €2,956 | €1,252 | -€1,703 | -57.6% |
| Other tangible fixed assets | 26 | €22,118 | €22,118 | = | 0.0% |
| Current assets | 29/58 | €99,429 | €49,850 | -€49,579 | -49.9% |
| Stocks and contracts in progress | 3 | €2,248 | €2,240 | -€8 | -0.4% |
| Stocks | 30/36 | €2,248 | €2,240 | -€8 | -0.4% |
| Amounts receivable within one year | 40/41 | €23,939 | €28,595 | +€4,656 | +19.5% |
| Trade receivables | 40 | €20,775 | €19,187 | -€1,588 | -7.6% |
| Other amounts receivable | 41 | €3,164 | €9,408 | +€6,244 | +197% |
| Cash at bank and in hand | 54/58 | €66,372 | €15,459 | -€50,913 | -76.7% |
| Deferred charges and accrued income | 490/1 | €6,870 | €3,556 | -€3,314 | -48.2% |
| Total equity and liabilities | 10/49 | €170,271 | €118,597 | -€51,674 | -30.3% |
| Equity | 10/15 | €52,977 | €26,929 | -€26,048 | -49.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,917 | €18,869 | -€26,048 | -58.0% |
| Amounts payable | 17/49 | €117,294 | €91,667 | -€25,627 | -21.8% |
| Amounts payable after more than one year | 17 | €4,378 | - | -€4,378 | |
| Financial debts | 170/4 | €4,378 | - | -€4,378 | |
| Amounts payable within one year | 42/48 | €112,916 | €91,667 | -€21,249 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €8,655 | €4,378 | -€4,276 | -49.4% |
| Financial debts | 43 | €89 | €120 | +€31 | +34.4% |
| Other loans | 439 | €89 | €120 | +€31 | +34.4% |
| Trade debts | 44 | €8,063 | €10,394 | +€2,331 | +28.9% |
| Suppliers | 440/4 | €8,063 | €10,394 | +€2,331 | +28.9% |
| Taxes, remuneration and social security | 45 | €14,866 | €4,512 | -€10,354 | -69.7% |
| Taxes | 450/3 | €13,566 | €4,512 | -€9,054 | -66.7% |
| Remuneration and social security | 454/9 | €1,300 | - | -€1,300 | |
| Other amounts payable | 47/48 | €81,244 | €72,264 | -€8,980 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,984 | €2,095 | -€3,889 | -65.0% |
| Other operating charges | 640/8 | €1,984 | €1,742 | -€242 | -12.2% |
| Gross operating margin | 9900 | €44,137 | -€20,692 | -€64,828 | |
| Operating profit (loss) | 9901 | €36,169 | -€24,529 | -€60,697 | |
| Financial income | 75/76B | €39 | €9 | -€30 | -76.9% |
| Recurring financial income | 75 | €39 | €9 | -€30 | -76.9% |
| Financial charges | 65/66B | €1,847 | €1,528 | -€319 | -17.3% |
| Recurring financial charges | 65 | €1,847 | €1,528 | -€319 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €34,361 | -€26,048 | -€60,408 | |
| Income taxes | 67/77 | €9,512 | - | -€9,512 | |
| Profit (loss) for the period | 9904 | €24,849 | -€26,048 | -€50,897 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,849 | -€26,048 | -€50,897 |
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 18 October 2026 via checked.be.