ICS Partners: 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.
ICS Partners
Largest movements
- Receivables within one year -€17,599
down €17,599 (-79.0%), from €22,289 to €4,690
of which Other amounts receivable: -€19,376
- Cash +€10,001
up €10,001 (+240.1%), from €4,165 to €14,166
mainly Receivables within one year (+€17,599) and Depreciation (+€9,125)
- Tangible fixed assets -€9,125
down €9,125 (-2.9%), from €315,193 to €306,069
of which Land and buildings: -€9,125
- Debts after one year -€10,834
down €10,834 (-7.5%), from €144,808 to €133,974
of which Financial debts: -€11,934
- Profit (loss) carried forward -€7,530
down €7,530 (-28.9%), from €26,022 to €18,492
- Other debts -€3,630
down €3,630 (-2.5%), from €143,641 to €140,010
- Gross operating margin -€3,311
down €3,311 (-29.5%), from €11,223 to €7,912
- Other operating charges +€2,937
up €2,937 (+288.9%), from €1,016 to €3,953
- Depreciation -€583
down €583 (-6.0%), from €9,708 to €9,125
- Financial charges -€319
down €319 (-11.9%), from €2,682 to €2,364
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 | €344,647 | €324,924 | -€19,723 | -5.7% |
| Fixed assets | 21/28 | €315,193 | €306,069 | -€9,125 | -2.9% |
| Tangible fixed assets | 22/27 | €315,193 | €306,069 | -€9,125 | -2.9% |
| Land and buildings | 22 | €315,193 | €306,069 | -€9,125 | -2.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €29,454 | €18,856 | -€10,598 | -36.0% |
| Amounts receivable within one year | 40/41 | €22,289 | €4,690 | -€17,599 | -79.0% |
| Trade receivables | 40 | €2,913 | €4,690 | +€1,777 | +61.0% |
| Other amounts receivable | 41 | €19,376 | €0 | -€19,376 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,165 | €14,166 | +€10,001 | +240.1% |
| Deferred charges and accrued income | 490/1 | €3,000 | €0 | -€3,000 | -100.0% |
| Total equity and liabilities | 10/49 | €344,647 | €324,924 | -€19,723 | -5.7% |
| Equity | 10/15 | €38,422 | €30,892 | -€7,530 | -19.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,022 | €18,492 | -€7,530 | -28.9% |
| Amounts payable | 17/49 | €306,225 | €294,032 | -€12,193 | -4.0% |
| Amounts payable after more than one year | 17 | €144,808 | €133,974 | -€10,834 | -7.5% |
| Financial debts | 170/4 | €137,178 | €125,244 | -€11,934 | -8.7% |
| Other amounts payable | 178/9 | €7,630 | €8,730 | +€1,100 | +14.4% |
| Amounts payable within one year | 42/48 | €161,023 | €160,058 | -€965 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €11,768 | €11,934 | +€166 | +1.4% |
| Trade debts | 44 | €5,615 | €7,959 | +€2,344 | +41.8% |
| Suppliers | 440/4 | €5,615 | €7,959 | +€2,344 | +41.8% |
| Taxes, remuneration and social security | 45 | - | €154 | +€154 | |
| Taxes | 450/3 | - | €154 | +€154 | |
| Other amounts payable | 47/48 | €143,641 | €140,010 | -€3,630 | -2.5% |
| Accrued charges and deferred income | 492/3 | €393 | €0 | -€393 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,708 | €9,125 | -€583 | -6.0% |
| Other operating charges | 640/8 | €1,016 | €3,953 | +€2,937 | +288.9% |
| Gross operating margin | 9900 | €11,223 | €7,912 | -€3,311 | -29.5% |
| Operating profit (loss) | 9901 | €499 | -€5,166 | -€5,664 | |
| Financial charges | 65/66B | €2,682 | €2,364 | -€319 | -11.9% |
| Recurring financial charges | 65 | €2,682 | €2,364 | -€319 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,184 | -€7,530 | -€5,346 | -244.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,184 | -€7,530 | -€5,346 | -244.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,184 | -€7,530 | -€5,346 | -244.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.