ICST: 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.
ICST
Largest movements
- Receivables within one year +€12,063
up €12,063 (+92.5%), from €13,038 to €25,101
of which Trade receivables: +€7,208
- Tangible fixed assets +€6,744
up €6,744 (+345.9%), from €1,949 to €8,693
of which Furniture and vehicles: +€5,885
- Cash +€1,261
up €1,261 (+4.2%), from €29,714 to €30,975
mainly Net result for the year (+€23,625) and Tax, wage and social debts (+€3,418)
- Reserves +€23,625
up €23,625 (+185.1%), from €12,766 to €36,390
- Trade debts -€10,656
down €10,656 (-75.0%), from €14,200 to €3,545
- Tax, wage and social debts +€3,418
up €3,418 (+44.2%), from €7,735 to €11,154
- Current portion of long-term debt +€1,625
new in 2025: €1,625
- Debts after one year +€1,265
up €1,265 (+25.3%), from €5,000 to €6,265
- Gross operating margin +€16,328
up €16,328 (+101.0%), from €16,166 to €32,494
- Taxes +€3,654
up €3,654 (+109.4%), from €3,339 to €6,993
- Depreciation +€854
up €854 (+1411.2%), from €61 to €914
- Other operating charges +€587
new in 2025: €587
- Financial charges +€375
new in 2025: €375
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 | €44,701 | €64,770 | +€20,069 | +44.9% |
| Fixed assets | 21/28 | €1,949 | €8,693 | +€6,744 | +345.9% |
| Tangible fixed assets | 22/27 | €1,949 | €8,693 | +€6,744 | +345.9% |
| Plant, machinery and equipment | 23 | €440 | €1,299 | +€859 | +195.2% |
| Furniture and vehicles | 24 | €1,509 | €7,395 | +€5,885 | +389.9% |
| Current assets | 29/58 | €42,752 | €56,077 | +€13,325 | +31.2% |
| Amounts receivable within one year | 40/41 | €13,038 | €25,101 | +€12,063 | +92.5% |
| Trade receivables | 40 | €12,964 | €20,172 | +€7,208 | +55.6% |
| Other amounts receivable | 41 | €74 | €4,929 | +€4,855 | +6561.4% |
| Cash at bank and in hand | 54/58 | €29,714 | €30,975 | +€1,261 | +4.2% |
| Total equity and liabilities | 10/49 | €44,701 | €64,770 | +€20,069 | +44.9% |
| Equity | 10/15 | €17,766 | €41,390 | +€23,625 | +133.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,766 | €36,390 | +€23,625 | +185.1% |
| Distributable reserves | 133 | €12,766 | €36,390 | +€23,625 | +185.1% |
| Amounts payable | 17/49 | €26,936 | €23,379 | -€3,556 | -13.2% |
| Amounts payable after more than one year | 17 | €5,000 | €6,265 | +€1,265 | +25.3% |
| Financial debts | 170/4 | €5,000 | €6,265 | +€1,265 | +25.3% |
| Amounts payable within one year | 42/48 | €21,936 | €16,323 | -€5,612 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,625 | +€1,625 | |
| Trade debts | 44 | €14,200 | €3,545 | -€10,656 | -75.0% |
| Suppliers | 440/4 | €14,200 | €3,545 | -€10,656 | -75.0% |
| Taxes, remuneration and social security | 45 | €7,735 | €11,154 | +€3,418 | +44.2% |
| Taxes | 450/3 | €7,735 | €11,154 | +€3,418 | +44.2% |
| Accrued charges and deferred income | 492/3 | - | €792 | +€792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61 | €914 | +€854 | +1411.2% |
| Other operating charges | 640/8 | - | €587 | +€587 | |
| Gross operating margin | 9900 | €16,166 | €32,494 | +€16,328 | +101.0% |
| Operating profit (loss) | 9901 | €16,105 | €30,993 | +€14,888 | +92.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €375 | +€375 | |
| Recurring financial charges | 65 | - | €375 | +€375 | |
| Profit (loss) for the period before taxes | 9903 | €16,105 | €30,618 | +€14,513 | +90.1% |
| Income taxes | 67/77 | €3,339 | €6,993 | +€3,654 | +109.4% |
| Profit (loss) for the period | 9904 | €12,766 | €23,625 | +€10,859 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,766 | €23,625 | +€10,859 | +85.1% |
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 8 October 2026 via checked.be.