ICTINOS: 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.
ICTINOS
Largest movements
- Receivables within one year +€135,000
new in 2025: €135,000
- Tangible fixed assets +€6,875
up €6,875 (+1.5%), from €447,691 to €454,566
of which Other tangible fixed assets: +€13,393
- Debts after one year +€565,000
new in 2025: €565,000
- Other debts -€378,983
down €378,983 (-75.3%), from €503,248 to €124,265
- Profit (loss) carried forward -€46,593
down €46,593 (-66.7%), from -€69,901 to -€116,494
- Gross operating margin -€17,332
down €17,332, from €8,475 to -€8,857
- Depreciation +€11,880
up €11,880 (+46.9%), from €25,347 to €37,227
- Other operating charges -€3,439
down €3,439 (-88.1%), from €3,903 to €464
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 | €452,165 | €589,706 | +€137,541 | +30.4% |
| Fixed assets | 21/28 | €447,691 | €454,566 | +€6,875 | +1.5% |
| Tangible fixed assets | 22/27 | €447,691 | €454,566 | +€6,875 | +1.5% |
| Land and buildings | 22 | €158,420 | €152,973 | -€5,447 | -3.4% |
| Furniture and vehicles | 24 | €5,309 | €4,238 | -€1,071 | -20.2% |
| Other tangible fixed assets | 26 | €283,962 | €297,355 | +€13,393 | +4.7% |
| Current assets | 29/58 | €4,474 | €135,140 | +€130,666 | +2,921% |
| Amounts receivable within one year | 40/41 | - | €135,000 | +€135,000 | |
| Trade receivables | 40 | - | €135,000 | +€135,000 | |
| Cash at bank and in hand | 54/58 | €4,474 | €140 | -€4,334 | -96.9% |
| Total equity and liabilities | 10/49 | €452,165 | €589,706 | +€137,541 | +30.4% |
| Equity | 10/15 | -€54,901 | -€101,494 | -€46,593 | -84.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,901 | -€116,494 | -€46,593 | -66.7% |
| Amounts payable | 17/49 | €507,066 | €691,200 | +€184,134 | +36.3% |
| Amounts payable after more than one year | 17 | - | €565,000 | +€565,000 | |
| Financial debts | 170/4 | - | €565,000 | +€565,000 | |
| Amounts payable within one year | 42/48 | €507,066 | €125,150 | -€381,916 | -75.3% |
| Trade debts | 44 | €3,818 | €885 | -€2,933 | -76.8% |
| Suppliers | 440/4 | €3,818 | €885 | -€2,933 | -76.8% |
| Other amounts payable | 47/48 | €503,248 | €124,265 | -€378,983 | -75.3% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,347 | €37,227 | +€11,880 | +46.9% |
| Other operating charges | 640/8 | €3,903 | €464 | -€3,439 | -88.1% |
| Gross operating margin | 9900 | €8,475 | -€8,857 | -€17,332 | |
| Operating profit (loss) | 9901 | -€20,775 | -€46,548 | -€25,773 | -124% |
| Financial charges | 65/66B | €48 | €45 | -€3 | -6.3% |
| Recurring financial charges | 65 | €48 | €45 | -€3 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,823 | -€46,593 | -€25,770 | -124% |
| Profit (loss) for the period | 9904 | -€20,823 | -€46,593 | -€25,770 | -124% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,823 | -€46,593 | -€25,770 | -124% |
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 23 October 2026 via checked.be.