ICS4U: 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.
ICS4U
Largest movements
- Receivables within one year -€194,479
down €194,479 (-72.2%), from €269,348 to €74,869
of which Trade receivables: -€185,270
- Cash +€86,570
up €86,570 (+85.8%), from €100,857 to €187,427
mainly Receivables within one year (+€194,479) and Other debts (+€72,474)
- Deferred charges and accrued income +€10,477
up €10,477 (+83.4%), from €12,561 to €23,037
- Tangible fixed assets -€7,960
down €7,960 (-97.7%), from €8,146 to €186
of which Furniture and vehicles: -€7,758
- Stocks and contracts -€5,511
down €5,511 (-100%), from €5,511 to €0
- Other debts +€72,474
up €72,474 (+110%), from €66,040 to €138,514
- Trade debts -€64,114
down €64,114 (-35.6%), from €180,212 to €116,098
- Accrued charges and deferred income -€61,210
down €61,210 (-90.2%), from €67,840 to €6,630
- Profit (loss) carried forward -€58,856
down €58,856 (-97.1%), from €60,630 to €1,774
- Staff costs -€54,248
down €54,248 (-34.5%), from €157,114 to €102,867
- Gross operating margin -€43,546
down €43,546 (-21.1%), from €206,222 to €162,676
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 | €400,129 | €289,026 | -€111,103 | -27.8% |
| Fixed assets | 21/28 | €11,852 | €3,693 | -€8,160 | -68.8% |
| Tangible fixed assets | 22/27 | €8,146 | €186 | -€7,960 | -97.7% |
| Plant, machinery and equipment | 23 | €388 | €186 | -€202 | -52.1% |
| Furniture and vehicles | 24 | €7,758 | €0 | -€7,758 | -100% |
| Financial fixed assets | 28 | €3,707 | €3,507 | -€200 | -5.4% |
| Current assets | 29/58 | €388,276 | €285,333 | -€102,943 | -26.5% |
| Stocks and contracts in progress | 3 | €5,511 | €0 | -€5,511 | -100% |
| Contracts in progress | 37 | €5,511 | €0 | -€5,511 | -100% |
| Amounts receivable within one year | 40/41 | €269,348 | €74,869 | -€194,479 | -72.2% |
| Trade receivables | 40 | €230,945 | €45,675 | -€185,270 | -80.2% |
| Other amounts receivable | 41 | €38,403 | €29,194 | -€9,209 | -24.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €100,857 | €187,427 | +€86,570 | +85.8% |
| Deferred charges and accrued income | 490/1 | €12,561 | €23,037 | +€10,477 | +83.4% |
| Total equity and liabilities | 10/49 | €400,129 | €289,026 | -€111,103 | -27.8% |
| Equity | 10/15 | €81,035 | €22,179 | -€58,856 | -72.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,630 | €1,774 | -€58,856 | -97.1% |
| Amounts payable | 17/49 | €319,094 | €266,847 | -€52,247 | -16.4% |
| Amounts payable within one year | 42/48 | €251,254 | €260,217 | +€8,963 | +3.6% |
| Trade debts | 44 | €180,212 | €116,098 | -€64,114 | -35.6% |
| Suppliers | 440/4 | €180,212 | €116,098 | -€64,114 | -35.6% |
| Taxes, remuneration and social security | 45 | €5,002 | €5,606 | +€604 | +12.1% |
| Taxes | 450/3 | €1,375 | €1,849 | +€474 | +34.5% |
| Remuneration and social security | 454/9 | €3,627 | €3,757 | +€130 | +3.6% |
| Other amounts payable | 47/48 | €66,040 | €138,514 | +€72,474 | +110% |
| Accrued charges and deferred income | 492/3 | €67,840 | €6,630 | -€61,210 | -90.2% |
| Non-recurring operating income | 76A | €3,099 | €12,077 | +€8,978 | +290% |
| Remuneration, social security and pensions | 62 | €157,114 | €102,867 | -€54,248 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €202 | -€1,809 | -90.0% |
| Other operating charges | 640/8 | €2,064 | €2,133 | +€69 | +3.3% |
| Gross operating margin | 9900 | €206,222 | €162,676 | -€43,546 | -21.1% |
| Operating profit (loss) | 9901 | €45,032 | €57,475 | +€12,442 | +27.6% |
| Financial income | 75/76B | €534 | €2 | -€533 | -99.7% |
| Recurring financial income | 75 | €534 | €2 | -€533 | -99.7% |
| Financial charges | 65/66B | €846 | €480 | -€365 | -43.2% |
| Recurring financial charges | 65 | €846 | €480 | -€365 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €44,721 | €56,996 | +€12,275 | +27.4% |
| Income taxes | 67/77 | €13,791 | €15,852 | +€2,060 | +14.9% |
| Profit (loss) for the period | 9904 | €30,929 | €41,144 | +€10,215 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,929 | €41,144 | +€10,215 | +33.0% |
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 13 October 2026 via checked.be.