ICTG: 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.
ICTG
Largest movements
- Receivables within one year +€3.9m
up €3.9m (+52,434%), from €7,378 to €3.9m
of which Other amounts receivable: +€3.9m
- Financial fixed assets -€1.1m
down €1.1m (-98.1%), from €1.1m to €21,314
of which Affiliated companies: -€1.1m
- Cash +€68,687
up €68,687 (+119%), from €57,533 to €126,220
mainly Net result for the year (+€2.8m) and Investment in fixed assets (net) (+€1.1m)
- Profit (loss) carried forward +€2.8m
new in 2025: €2.8m
- Financial income +€2.9m
up €2.9m (+72,091,578%), from €4 to €2.9m
of which Non-recurring financial income: +€2.7m
- Turnover -€305,088
down €305,088 (-72.6%), from €420,000 to €114,912
- Services and other goods -€272,139
down €272,139 (-68.5%), from €397,244 to €125,104
- Taxes +€26,361
up €26,361 (+503%), from €5,243 to €31,604
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,210,379 | €4,023,436 | +€2.8m | +232% |
| Fixed assets | 21/28 | €1,145,468 | €21,314 | -€1.1m | -98.1% |
| Financial fixed assets | 28 | €1,145,468 | €21,314 | -€1.1m | -98.1% |
| Affiliated companies | 280/1 | €1,142,993 | €18,839 | -€1.1m | -98.4% |
| Participating interests | 280 | €1,142,993 | €18,839 | -€1.1m | -98.4% |
| Other financial fixed assets | 284/8 | €2,475 | €2,475 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,475 | €2,475 | = | 0.0% |
| Current assets | 29/58 | €64,911 | €4,002,122 | +€3.9m | +6,066% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €7,378 | €3,875,902 | +€3.9m | +52,434% |
| Trade receivables | 40 | - | €875 | +€875 | |
| Other amounts receivable | 41 | €7,378 | €3,875,027 | +€3.9m | +52,422% |
| Cash at bank and in hand | 54/58 | €57,533 | €126,220 | +€68,687 | +119% |
| Total equity and liabilities | 10/49 | €1,210,379 | €4,023,436 | +€2.8m | +232% |
| Equity | 10/15 | €1,183,089 | €4,021,655 | +€2.8m | +240% |
| Contributions | 10/11 | €790,500 | €790,500 | = | 0.0% |
| Reserves | 13 | €392,589 | €392,589 | = | 0.0% |
| Distributable reserves | 133 | €392,589 | €392,589 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,838,566 | +€2.8m | |
| Amounts payable | 17/49 | €27,290 | €1,781 | -€25,509 | -93.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €27,290 | €1,781 | -€25,509 | -93.5% |
| Current portion of amounts payable after more than one year | 42 | €23,222 | €0 | -€23,222 | -100% |
| Trade debts | 44 | €4,067 | €1,781 | -€2,287 | -56.2% |
| Suppliers | 440/4 | €4,067 | €1,781 | -€2,287 | -56.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €0 | -€0 | -100% |
| Operating income | 70/76A | €420,000 | €114,912 | -€305,088 | -72.6% |
| Turnover | 70 | €420,000 | €114,912 | -€305,088 | -72.6% |
| Operating charges | 60/66A | €398,337 | €128,073 | -€270,265 | -67.8% |
| Services and other goods | 61 | €397,244 | €125,104 | -€272,139 | -68.5% |
| Other operating charges | 640/8 | €1,094 | €1,124 | +€31 | +2.8% |
| Non-recurring operating charges | 66A | - | €1,844 | +€1,844 | |
| Operating profit (loss) | 9901 | €21,663 | -€13,161 | -€34,823 | |
| Financial income | 75/76B | €4 | €2,883,667 | +€2.9m | +72,091,578% |
| Recurring financial income | 75 | €4 | €137,821 | +€137,817 | +3,445,430% |
| Income from current assets | 751 | €0 | €137,821 | +€137,821 | |
| Other financial income | 752/9 | €4 | €0 | -€4 | -100% |
| Non-recurring financial income | 76B | - | €2,745,846 | +€2.7m | |
| Financial charges | 65/66B | €694 | €337 | -€357 | -51.5% |
| Recurring financial charges | 65 | €694 | €337 | -€357 | -51.5% |
| Debt charges | 650 | €396 | €0 | -€396 | -100% |
| Other financial charges | 652/9 | €298 | €337 | +€38 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €20,973 | €2,870,170 | +€2.8m | +13,585% |
| Income taxes | 67/77 | €5,243 | €31,604 | +€26,361 | +503% |
| Taxes | 670/3 | €5,243 | €31,604 | +€26,361 | +503% |
| Profit (loss) for the period | 9904 | €15,730 | €2,838,566 | +€2.8m | +17,946% |
| Profit (loss) for the period to be appropriated | 9905 | €15,730 | €2,838,566 | +€2.8m | +17,946% |
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 16 October 2026 via checked.be.