ICTB-ASSOCIATES: 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.
ICTB-ASSOCIATES
Largest movements
- Receivables within one year -€202,413
down €202,413 (-17.8%), from €1.1m to €936,766
of which Trade receivables: -€161,958
- Cash -€156,328
down €156,328 (-17.5%), from €894,193 to €737,865
mainly Trade debts (-€701,802) and Contributions, distributions and other (-€180,000)
- Trade debts -€701,802
down €701,802 (-34.4%), from €2.0m to €1.3m
- Other debts +€180,000
up €180,000 (+180%), from €100,000 to €280,000
- Profit (loss) carried forward +€173,160
up €173,160 (+49.2%), from €351,703 to €524,863
- Purchases and services -€1.1m
down €1.1m (-10.5%), from €10.1m to €9.1m
- Turnover -€721,925
down €721,925 (-7.0%), from €10.3m to €9.6m
- Gross operating margin +€352,355
up €352,355 (+218%), from €161,319 to €513,675
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,681,399 | €2,324,095 | -€357,304 | -13.3% |
| Fixed assets | 21/28 | €284,962 | €263,255 | -€21,706 | -7.6% |
| Tangible fixed assets | 22/27 | €274,158 | €261,445 | -€12,713 | -4.6% |
| Land and buildings | 22 | €249,318 | €237,124 | -€12,194 | -4.9% |
| Plant, machinery and equipment | 23 | €3,466 | €1,320 | -€2,146 | -61.9% |
| Furniture and vehicles | 24 | €11,065 | €14,211 | +€3,147 | +28.4% |
| Other tangible fixed assets | 26 | €10,310 | €8,790 | -€1,520 | -14.7% |
| Financial fixed assets | 28 | €10,803 | €1,810 | -€8,993 | -83.2% |
| Current assets | 29/58 | €2,396,437 | €2,060,839 | -€335,598 | -14.0% |
| Stocks and contracts in progress | 3 | €355,583 | €360,060 | +€4,477 | +1.3% |
| Stocks | 30/36 | €355,583 | €360,060 | +€4,477 | +1.3% |
| Amounts receivable within one year | 40/41 | €1,139,178 | €936,766 | -€202,413 | -17.8% |
| Trade receivables | 40 | €1,098,248 | €936,291 | -€161,958 | -14.7% |
| Other amounts receivable | 41 | €40,930 | €475 | -€40,455 | -98.8% |
| Cash at bank and in hand | 54/58 | €894,193 | €737,865 | -€156,328 | -17.5% |
| Deferred charges and accrued income | 490/1 | €7,483 | €26,149 | +€18,665 | +249% |
| Total equity and liabilities | 10/49 | €2,681,399 | €2,324,095 | -€357,304 | -13.3% |
| Equity | 10/15 | €373,703 | €546,863 | +€173,160 | +46.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351,703 | €524,863 | +€173,160 | +49.2% |
| Amounts payable | 17/49 | €2,307,696 | €1,777,232 | -€530,464 | -23.0% |
| Amounts payable after more than one year | 17 | €142,601 | €126,002 | -€16,598 | -11.6% |
| Financial debts | 170/4 | €142,601 | €126,002 | -€16,598 | -11.6% |
| Amounts payable within one year | 42/48 | €2,165,095 | €1,651,230 | -€513,866 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €24,768 | €16,598 | -€8,170 | -33.0% |
| Trade debts | 44 | €2,039,678 | €1,337,877 | -€701,802 | -34.4% |
| Suppliers | 440/4 | €2,039,678 | €1,337,877 | -€701,802 | -34.4% |
| Taxes, remuneration and social security | 45 | €648 | €16,754 | +€16,106 | +2,484% |
| Taxes | 450/3 | €648 | €16,754 | +€16,106 | +2,484% |
| Other amounts payable | 47/48 | €100,000 | €280,000 | +€180,000 | +180% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €10,310,457 | €9,588,532 | -€721,925 | -7.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,149,138 | €9,082,303 | -€1.1m | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,799 | €22,178 | -€1,622 | -6.8% |
| Other operating charges | 640/8 | €40,266 | €2,875 | -€37,391 | -92.9% |
| Gross operating margin | 9900 | €161,319 | €513,675 | +€352,355 | +218% |
| Operating profit (loss) | 9901 | €97,254 | €488,622 | +€391,368 | +402% |
| Financial income | 75/76B | €96 | - | -€96 | |
| Recurring financial income | 75 | €96 | - | -€96 | |
| Financial charges | 65/66B | €17,663 | €15,937 | -€1,726 | -9.8% |
| Recurring financial charges | 65 | €17,663 | €15,937 | -€1,726 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €79,687 | €472,685 | +€392,997 | +493% |
| Income taxes | 67/77 | €25,648 | €119,525 | +€93,877 | +366% |
| Profit (loss) for the period | 9904 | €54,039 | €353,160 | +€299,121 | +554% |
| Profit (loss) for the period to be appropriated | 9905 | €54,039 | €353,160 | +€299,121 | +554% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.