ICsense: 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.
What changed
ICsense
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · €1.8m+€1.1m
Equity
€10.9m
2024 · €9.5m+€1.4m
Cash
€911,964
2024 · €380,457+€531,508
Balance sheet total
€15.9m
2024 · €14.9m+€1.0m
Largest movements
Assets
- Cash +€531,508
up €531,508 (+139.7%), from €380,457 to €911,964
mainly Net result for the year (+€2.8m) and Other debts (+€540,046)
- Receivables within one year +€242,718
up €242,718 (+2.0%), from €11.9m to €12.1m
of which Other amounts receivable: +€922,273
- Deferred charges and accrued income +€227,895
up €227,895 (+33.2%), from €686,808 to €914,703
Equity and liabilities
- Advances received -€1.5m
down €1.5m (-65.6%), from €2.3m to €776,951
- Reserves +€1.4m
up €1.4m (+15.5%), from €9.2m to €10.6m
of which Distributable reserves: +€1.4m
- Other debts +€540,046
up €540,046 (+61.5%), from €878,216 to €1.4m
- Trade debts +€372,826
up €372,826 (+41.9%), from €890,533 to €1.3m
Income statement
- Turnover +€2.8m
up €2.8m (+16.7%), from €17.0m to €19.8m
- Staff costs +€1.3m
up €1.3m (+14.0%), from €9.1m to €10.4m
- Services and other goods +€544,438
up €544,438 (+10.2%), from €5.3m to €5.9m
- Goods and materials +€392,261
up €392,261 (+22.7%), from €1.7m to €2.1m
- Taxes +€232,514
up €232,514 (+85.0%), from €273,548 to €506,062
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.
Result 2024
€1.8m
Turnover
+€2.8m
Other operating income
+€1,091
Goods and materials
-€392,261
Services and other goods
-€544,438
Staff costs
-€1.3m
Depreciation
-€60,908
Other operating charges
-€989
Other operating items
+€770,917
Financial income
+€73,511
Financial charges
-€102,273
Taxes
-€232,514
Result 2025
€2.8m
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.
From operations
+€2.5m
Investment
-€560,490
Financing
-€1.4m
Cash 2024
€380,457
From operations (derived)
+€2.5m
Net result for the year
+€2.8m
Depreciation
+€480,890
Stocks and contracts
+€63,254
Receivables within one year
-€242,718
Deferred charges and accrued income
-€227,895
Trade debts
+€372,826
Tax, wage and social debts
+€116,203
Advances received
-€1.5m
Other debts
+€540,046
Accrued charges and deferred income
+€50,011
Investment (derived)
-€560,490
Investment in fixed assets (net)
-€560,490
Financing
-€1.4m
Contributions, distributions and other
-€1.4m
Cash 2025
€911,964
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,878,388 | €15,896,854 | +€1.0m | +6.8% |
| Fixed assets | 21/28 | €1,559,750 | €1,639,350 | +€79,600 | +5.1% |
| Intangible fixed assets | 21 | €21,476 | €135,606 | +€114,131 | +531.4% |
| Tangible fixed assets | 22/27 | €1,538,274 | €1,503,743 | -€34,531 | -2.2% |
| Plant, machinery and equipment | 23 | €1,366,134 | €1,270,227 | -€95,907 | -7.0% |
| Furniture and vehicles | 24 | €45,003 | €53,183 | +€8,180 | +18.2% |
| Other tangible fixed assets | 26 | €127,138 | €178,681 | +€51,543 | +40.5% |
| Assets under construction and advance payments | 27 | - | €1,653 | +€1,653 | |
| Current assets | 29/58 | €13,318,638 | €14,257,505 | +€938,867 | +7.0% |
| Stocks and contracts in progress | 3 | €91,853 | €28,599 | -€63,254 | -68.9% |
| Contracts in progress | 37 | €91,853 | €28,599 | -€63,254 | -68.9% |
| Amounts receivable within one year | 40/41 | €11,890,200 | €12,132,917 | +€242,718 | +2.0% |
| Trade receivables | 40 | €4,209,795 | €3,530,240 | -€679,556 | -16.1% |
| Other amounts receivable | 41 | €7,680,404 | €8,602,678 | +€922,273 | +12.0% |
| Current investments | 50/53 | €269,321 | €269,321 | = | 0.0% |
| Other investments | 51/53 | €269,321 | €269,321 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €380,457 | €911,964 | +€531,508 | +139.7% |
| Deferred charges and accrued income | 490/1 | €686,808 | €914,703 | +€227,895 | +33.2% |
| Total equity and liabilities | 10/49 | €14,878,388 | €15,896,854 | +€1.0m | +6.8% |
| Equity | 10/15 | €9,485,598 | €10,903,861 | +€1.4m | +15.0% |
| Contributions | 10/11 | €316,557 | €316,557 | = | 0.0% |
| Capital | 10 | €316,557 | €316,557 | = | 0.0% |
| Issued capital | 100 | €316,557 | €316,557 | = | 0.0% |
| Reserves | 13 | €9,169,041 | €10,587,304 | +€1.4m | +15.5% |
| Non-distributable reserves | 130/1 | €31,656 | €31,656 | = | 0.0% |
| Legal reserve | 130 | €31,656 | €31,656 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €9,099,886 | €10,518,148 | +€1.4m | +15.6% |
| Amounts payable | 17/49 | €5,392,789 | €4,992,993 | -€399,796 | -7.4% |
| Amounts payable within one year | 42/48 | €5,392,789 | €4,942,982 | -€449,807 | -8.3% |
| Trade debts | 44 | €890,533 | €1,263,359 | +€372,826 | +41.9% |
| Suppliers | 440/4 | €890,533 | €1,263,359 | +€372,826 | +41.9% |
| Advances received on contracts in progress | 46 | €2,255,833 | €776,951 | -€1.5m | -65.6% |
| Taxes, remuneration and social security | 45 | €1,368,206 | €1,484,410 | +€116,203 | +8.5% |
| Taxes | 450/3 | €75,553 | - | -€75,553 | |
| Remuneration and social security | 454/9 | €1,292,653 | €1,484,410 | +€191,756 | +14.8% |
| Other amounts payable | 47/48 | €878,216 | €1,418,263 | +€540,046 | +61.5% |
| Accrued charges and deferred income | 492/3 | - | €50,011 | +€50,011 | |
| Operating income | 70/76A | €18,299,470 | €21,906,881 | +€3.6m | +19.7% |
| Turnover | 70 | €17,001,171 | €19,838,955 | +€2.8m | +16.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€361,788 | -€63,254 | +€298,535 | +82.5% |
| Other operating income | 74 | €1,660,088 | €1,661,179 | +€1,091 | +0.1% |
| Non-recurring operating income | 76A | - | €470,000 | +€470,000 | |
| Operating charges | 60/66A | €16,575,358 | €18,841,400 | +€2.3m | +13.7% |
| Goods for resale, raw materials and consumables | 60 | €1,731,659 | €2,123,920 | +€392,261 | +22.7% |
| Purchases | 600/8 | €1,731,659 | €2,123,920 | +€392,261 | +22.7% |
| Services and other goods | 61 | €5,320,735 | €5,865,173 | +€544,438 | +10.2% |
| Remuneration, social security and pensions | 62 | €9,082,421 | €10,352,248 | +€1.3m | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419,982 | €480,890 | +€60,908 | +14.5% |
| Other operating charges | 640/8 | €18,179 | €19,169 | +€989 | +5.4% |
| Non-recurring operating charges | 66A | €2,382 | - | -€2,382 | |
| Operating profit (loss) | 9901 | €1,724,112 | €3,065,481 | +€1.3m | +77.8% |
| Financial income | 75/76B | €507,042 | €580,553 | +€73,511 | +14.5% |
| Recurring financial income | 75 | €507,042 | €580,553 | +€73,511 | +14.5% |
| Income from financial fixed assets | 750 | €303,360 | €316,162 | +€12,802 | +4.2% |
| Income from current assets | 751 | €8,288 | €6,701 | -€1,587 | -19.1% |
| Other financial income | 752/9 | €195,395 | €257,690 | +€62,296 | +31.9% |
| Financial charges | 65/66B | €201,173 | €303,447 | +€102,273 | +50.8% |
| Recurring financial charges | 65 | €201,173 | €303,447 | +€102,273 | +50.8% |
| Debt charges | 650 | €23,519 | €41,842 | +€18,323 | +77.9% |
| Other financial charges | 652/9 | €177,654 | €261,604 | +€83,950 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €2,029,981 | €3,342,587 | +€1.3m | +64.7% |
| Income taxes | 67/77 | €273,548 | €506,062 | +€232,514 | +85.0% |
| Taxes | 670/3 | €273,548 | €506,062 | +€232,514 | +85.0% |
| Profit (loss) for the period | 9904 | €1,756,432 | €2,836,525 | +€1.1m | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,756,432 | €2,836,525 | +€1.1m | +61.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.