ICT VOGELEER: 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.
ICT VOGELEER
Largest movements
- Cash +€87,464
up €87,464 (+58.2%), from €150,290 to €237,754
mainly Current investments (+€87,000) and Net result for the year (+€49,769)
- Current investments -€87,000
down €87,000 (-77.0%), from €113,000 to €26,000
- Tangible fixed assets +€5,956
up €5,956 (+9.7%), from €61,424 to €67,380
of which Furniture and vehicles: +€7,594
- Other debts +€5,370
up €5,370 (+77.9%), from €6,896 to €12,266
- Gross operating margin +€7,516
up €7,516 (+10.8%), from €69,851 to €77,367
- Taxes +€1,703
up €1,703 (+7.8%), from €21,773 to €23,476
- Depreciation +€1,346
up €1,346 (+27.9%), from €4,823 to €6,170
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 | €335,219 | €341,620 | +€6,401 | +1.9% |
| Fixed assets | 21/28 | €61,424 | €67,380 | +€5,956 | +9.7% |
| Tangible fixed assets | 22/27 | €61,424 | €67,380 | +€5,956 | +9.7% |
| Land and buildings | 22 | €54,548 | €52,910 | -€1,638 | -3.0% |
| Furniture and vehicles | 24 | €6,876 | €14,470 | +€7,594 | +110% |
| Current assets | 29/58 | €273,795 | €274,240 | +€445 | +0.2% |
| Amounts receivable within one year | 40/41 | €9,753 | €10,012 | +€259 | +2.7% |
| Trade receivables | 40 | €9,753 | €10,012 | +€259 | +2.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €113,000 | €26,000 | -€87,000 | -77.0% |
| Cash at bank and in hand | 54/58 | €150,290 | €237,754 | +€87,464 | +58.2% |
| Deferred charges and accrued income | 490/1 | €752 | €474 | -€278 | -37.0% |
| Total equity and liabilities | 10/49 | €335,219 | €341,620 | +€6,401 | +1.9% |
| Equity | 10/15 | €313,993 | €314,867 | +€873 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €307,793 | €308,667 | +€873 | +0.3% |
| Distributable reserves | 133 | €307,793 | €308,667 | +€873 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,226 | €26,753 | +€5,527 | +26.0% |
| Amounts payable within one year | 42/48 | €21,226 | €26,753 | +€5,527 | +26.0% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €6,756 | €7,615 | +€859 | +12.7% |
| Suppliers | 440/4 | €6,756 | €7,615 | +€859 | +12.7% |
| Taxes, remuneration and social security | 45 | €7,575 | €6,855 | -€719 | -9.5% |
| Taxes | 450/3 | €7,575 | €6,855 | -€719 | -9.5% |
| Other amounts payable | 47/48 | €6,896 | €12,266 | +€5,370 | +77.9% |
| Remuneration, social security and pensions | 62 | €350 | €446 | +€96 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,823 | €6,170 | +€1,346 | +27.9% |
| Other operating charges | 640/8 | €946 | €652 | -€293 | -31.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €69,851 | €77,367 | +€7,516 | +10.8% |
| Operating profit (loss) | 9901 | €63,733 | €70,099 | +€6,366 | +10.0% |
| Financial income | 75/76B | €3,595 | €3,963 | +€368 | +10.2% |
| Recurring financial income | 75 | €3,595 | €3,963 | +€368 | +10.2% |
| Financial charges | 65/66B | €735 | €817 | +€82 | +11.1% |
| Recurring financial charges | 65 | €735 | €817 | +€82 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €66,592 | €73,245 | +€6,653 | +10.0% |
| Income taxes | 67/77 | €21,773 | €23,476 | +€1,703 | +7.8% |
| Profit (loss) for the period | 9904 | €44,819 | €49,769 | +€4,950 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,819 | €49,769 | +€4,950 | +11.0% |
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 30 October 2026 via checked.be.