ICTects: 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.
ICTects
Largest movements
- Current investments +€40,598
up €40,598 (+6.3%), from €640,357 to €680,956
- Tangible fixed assets -€25,298
down €25,298 (-2.7%), from €941,398 to €916,101
of which Land and buildings: -€25,557
- Other debts +€109,818
up €109,818 (+194.9%), from €56,332 to €166,150
- Reserves -€99,818
down €99,818 (-13.8%), from €720,736 to €620,917
of which Distributable reserves: -€99,818
- Gross operating margin +€30,194
up €30,194 (+24.3%), from €124,317 to €154,510
- Financial charges +€28,114
up €28,114 (+153.1%), from €18,366 to €46,480
- Financial income +€14,005
up €14,005 (+21204.0%), from €66 to €14,071
of which Financial income: +€11,156
- Taxes +€4,882
up €4,882 (+20.3%), from €24,006 to €28,888
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 | €1,711,869 | €1,723,319 | +€11,450 | +0.7% |
| Fixed assets | 21/28 | €941,398 | €916,101 | -€25,298 | -2.7% |
| Tangible fixed assets | 22/27 | €941,398 | €916,101 | -€25,298 | -2.7% |
| Land and buildings | 22 | €939,943 | €914,387 | -€25,557 | -2.7% |
| Plant, machinery and equipment | 23 | €195 | €1,002 | +€808 | +414.9% |
| Furniture and vehicles | 24 | €1,261 | €712 | -€549 | -43.5% |
| Current assets | 29/58 | €770,470 | €807,218 | +€36,748 | +4.8% |
| Amounts receivable within one year | 40/41 | €18,210 | €30,128 | +€11,919 | +65.5% |
| Trade receivables | 40 | €18,210 | €30,128 | +€11,919 | +65.5% |
| Current investments | 50/53 | €640,357 | €680,956 | +€40,598 | +6.3% |
| Cash at bank and in hand | 54/58 | €111,720 | €95,951 | -€15,769 | -14.1% |
| Deferred charges and accrued income | 490/1 | €183 | €183 | -€1 | -0.4% |
| Total equity and liabilities | 10/49 | €1,711,869 | €1,723,319 | +€11,450 | +0.7% |
| Equity | 10/15 | €975,136 | €875,317 | -€99,818 | -10.2% |
| Contributions | 10/11 | €254,400 | €254,400 | = | 0.0% |
| Reserves | 13 | €720,736 | €620,917 | -€99,818 | -13.8% |
| Non-distributable reserves | 130/1 | €25,440 | €25,440 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,440 | €25,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,071 | €4,071 | = | 0.0% |
| Distributable reserves | 133 | €691,225 | €591,407 | -€99,818 | -14.4% |
| Amounts payable | 17/49 | €736,733 | €848,002 | +€111,268 | +15.1% |
| Amounts payable after more than one year | 17 | €639,881 | €644,334 | +€4,453 | +0.7% |
| Financial debts | 170/4 | €639,881 | €644,334 | +€4,453 | +0.7% |
| Amounts payable within one year | 42/48 | €96,852 | €201,688 | +€104,836 | +108.2% |
| Current portion of amounts payable after more than one year | 42 | €17,180 | €16,483 | -€697 | -4.1% |
| Trade debts | 44 | €4,094 | €1,855 | -€2,239 | -54.7% |
| Suppliers | 440/4 | €4,094 | €1,855 | -€2,239 | -54.7% |
| Taxes, remuneration and social security | 45 | €19,246 | €17,200 | -€2,046 | -10.6% |
| Taxes | 450/3 | €19,246 | €17,200 | -€2,046 | -10.6% |
| Other amounts payable | 47/48 | €56,332 | €166,150 | +€109,818 | +194.9% |
| Accrued charges and deferred income | 492/3 | - | €1,980 | +€1,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,292 | €26,347 | +€55 | +0.2% |
| Other operating charges | 640/8 | €4,277 | €5,174 | +€896 | +21.0% |
| Gross operating margin | 9900 | €124,317 | €154,510 | +€30,194 | +24.3% |
| Operating profit (loss) | 9901 | €93,747 | €122,990 | +€29,243 | +31.2% |
| Financial income | 75/76B | €66 | €14,071 | +€14,005 | +21204.0% |
| Recurring financial income | 75 | €66 | €11,222 | +€11,156 | +16890.4% |
| Non-recurring financial income | 76B | - | €2,849 | +€2,849 | |
| Financial charges | 65/66B | €18,366 | €46,480 | +€28,114 | +153.1% |
| Recurring financial charges | 65 | €18,366 | €46,480 | +€28,114 | +153.1% |
| Profit (loss) for the period before taxes | 9903 | €75,447 | €90,581 | +€15,134 | +20.1% |
| Income taxes | 67/77 | €24,006 | €28,888 | +€4,882 | +20.3% |
| Profit (loss) for the period | 9904 | €51,441 | €61,693 | +€10,252 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,441 | €61,693 | +€10,252 | +19.9% |
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.