ICsolve: 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.
ICsolve
Largest movements
- Cash -€59,879
down €59,879 (-52.0%), from €115,164 to €55,285
mainly Contributions, distributions and other (-€226,129) and Receivables within one year (-€1,455)
- Deferred charges and accrued income -€12,385
down €12,385 (-93.8%), from €13,204 to €820
- Tangible fixed assets -€2,813
down €2,813 (-21.2%), from €13,284 to €10,471
of which Plant, machinery and equipment: -€1,542
- Profit (loss) carried forward -€146,463
no longer reported in 2025 (was €146,463)
- Other debts +€70,343
new in 2025: €70,343
- Reserves +€2,070
up €2,070 (+87.4%), from €2,367 to €4,437
of which Distributable reserves: +€2,070
- Gross operating margin -€17,398
down €17,398 (-13.9%), from €124,740 to €107,342
- Taxes -€3,222
down €3,222 (-12.9%), from €24,989 to €21,766
- Financial charges -€3,084
down €3,084 (-81.2%), from €3,798 to €714
- Staff costs -€1,600
no longer reported in 2025 (was €1,600)
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 | €167,611 | €93,989 | -€73,622 | -43.9% |
| Fixed assets | 21/28 | €13,284 | €10,471 | -€2,813 | -21.2% |
| Tangible fixed assets | 22/27 | €13,284 | €10,471 | -€2,813 | -21.2% |
| Plant, machinery and equipment | 23 | €7,831 | €6,289 | -€1,542 | -19.7% |
| Furniture and vehicles | 24 | €5,453 | €4,182 | -€1,272 | -23.3% |
| Current assets | 29/58 | €154,327 | €83,518 | -€70,809 | -45.9% |
| Amounts receivable within one year | 40/41 | €25,959 | €27,414 | +€1,455 | +5.6% |
| Trade receivables | 40 | €25,200 | €25,920 | +€720 | +2.9% |
| Other amounts receivable | 41 | €759 | €1,494 | +€735 | +96.8% |
| Cash at bank and in hand | 54/58 | €115,164 | €55,285 | -€59,879 | -52.0% |
| Deferred charges and accrued income | 490/1 | €13,204 | €820 | -€12,385 | -93.8% |
| Total equity and liabilities | 10/49 | €167,611 | €93,989 | -€73,622 | -43.9% |
| Equity | 10/15 | €151,830 | €7,437 | -€144,393 | -95.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,367 | €4,437 | +€2,070 | +87.4% |
| Tax-exempt reserves | 132 | €2,367 | €2,367 | = | 0.0% |
| Distributable reserves | 133 | - | €2,070 | +€2,070 | |
| Profit (loss) carried forward | 14 | €146,463 | - | -€146,463 | |
| Amounts payable | 17/49 | €15,781 | €86,552 | +€70,771 | +448.5% |
| Amounts payable within one year | 42/48 | €15,781 | €86,552 | +€70,771 | +448.5% |
| Trade debts | 44 | €1,031 | €1,720 | +€690 | +66.9% |
| Suppliers | 440/4 | €1,031 | €1,720 | +€690 | +66.9% |
| Taxes, remuneration and social security | 45 | €14,750 | €14,489 | -€262 | -1.8% |
| Taxes | 450/3 | €14,750 | €14,489 | -€262 | -1.8% |
| Other amounts payable | 47/48 | - | €70,343 | +€70,343 | |
| Remuneration, social security and pensions | 62 | €1,600 | - | -€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,035 | €3,127 | +€91 | +3.0% |
| Other operating charges | 640/8 | €1 | - | -€1 | |
| Gross operating margin | 9900 | €124,740 | €107,342 | -€17,398 | -13.9% |
| Operating profit (loss) | 9901 | €120,104 | €104,216 | -€15,889 | -13.2% |
| Financial charges | 65/66B | €3,798 | €714 | -€3,084 | -81.2% |
| Recurring financial charges | 65 | €3,798 | €714 | -€3,084 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €116,306 | €103,502 | -€12,804 | -11.0% |
| Income taxes | 67/77 | €24,989 | €21,766 | -€3,222 | -12.9% |
| Profit (loss) for the period | 9904 | €91,318 | €81,735 | -€9,582 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,318 | €81,735 | -€9,582 | -10.5% |
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 10 October 2026 via checked.be.