Ictinus: what changed
Ictinus
Largest movements
- Receivables within one year -€38,969
down €38,969 (-98.3%), from €39,656 to €686
of which Other amounts receivable: -€36,953
- Other debts -€22,824
down €22,824 (-29.0%), from €78,633 to €55,809
- Profit (loss) carried forward -€14,567
down €14,567 (-13.4%), from -€108,619 to -€123,186
- Trade debts -€1,997
down €1,997 (-31.0%), from €6,436 to €4,439
- Purchases and services -€11,924
down €11,924 (-51.9%), from €22,962 to €11,038
- Turnover -€9,589
down €9,589 (-99.7%), from €9,618 to €29
- Gross operating margin +€2,335
up €2,335 (+17.5%), from -€13,344 to -€11,010
- Financial charges -€1,003
down €1,003 (-26.5%), from €3,782 to €2,779
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,651 | €5,262 | -€39,388 | -88.2% |
| Current assets | 29/58 | €44,651 | €5,262 | -€39,388 | -88.2% |
| Amounts receivable within one year | 40/41 | €39,656 | €686 | -€38,969 | -98.3% |
| Trade receivables | 40 | €2,017 | - | -€2,017 | |
| Other amounts receivable | 41 | €37,639 | €686 | -€36,953 | -98.2% |
| Cash at bank and in hand | 54/58 | €4,995 | €4,564 | -€431 | -8.6% |
| Deferred charges and accrued income | 490/1 | - | €13 | +€13 | |
| Total equity and liabilities | 10/49 | €44,651 | €5,262 | -€39,388 | -88.2% |
| Equity | 10/15 | -€40,419 | -€54,986 | -€14,567 | -36.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,619 | -€123,186 | -€14,567 | -13.4% |
| Amounts payable | 17/49 | €85,070 | €60,248 | -€24,821 | -29.2% |
| Amounts payable within one year | 42/48 | €85,070 | €60,248 | -€24,821 | -29.2% |
| Trade debts | 44 | €6,436 | €4,439 | -€1,997 | -31.0% |
| Suppliers | 440/4 | €6,436 | €4,439 | -€1,997 | -31.0% |
| Other amounts payable | 47/48 | €78,633 | €55,809 | -€22,824 | -29.0% |
| Turnover | 70 | €9,618 | €29 | -€9,589 | -99.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,962 | €11,038 | -€11,924 | -51.9% |
| Other operating charges | 640/8 | €782 | €779 | -€3 | -0.4% |
| Gross operating margin | 9900 | -€13,344 | -€11,010 | +€2,335 | +17.5% |
| Operating profit (loss) | 9901 | -€14,126 | -€11,788 | +€2,337 | +16.5% |
| Financial charges | 65/66B | €3,782 | €2,779 | -€1,003 | -26.5% |
| Recurring financial charges | 65 | €3,782 | €2,779 | -€1,003 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,907 | -€14,567 | +€3,340 | +18.7% |
| Profit (loss) for the period | 9904 | -€17,907 | -€14,567 | +€3,340 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,907 | -€14,567 | +€3,340 | +18.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.