ICTLEX: 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.
ICTLEX
Largest movements
- Cash +€120,897
up €120,897 (+34.0%), from €355,116 to €476,013
mainly Net result for the year (+€63,841) and Receivables within one year (+€37,363)
- Receivables within one year -€37,363
down €37,363 (-39.4%), from €94,868 to €57,505
- Tangible fixed assets -€11,288
down €11,288 (-28.8%), from €39,250 to €27,963
- Reserves +€63,841
up €63,841 (+34.7%), from €184,140 to €247,981
of which Distributable reserves: +€63,841
- Other debts +€7,428
up €7,428 (+1.9%), from €401,433 to €408,861
- Gross operating margin +€30,101
up €30,101 (+38.5%), from €78,207 to €108,308
- Financial income -€27,499
down €27,499 (-89.1%), from €30,880 to €3,380
- Taxes +€4,627
up €4,627 (+17.8%), from €25,999 to €30,626
- Other operating charges +€2,799
up €2,799 (+566%), from €494 to €3,294
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 | €641,091 | €716,064 | +€74,973 | +11.7% |
| Fixed assets | 21/28 | €39,250 | €27,963 | -€11,288 | -28.8% |
| Tangible fixed assets | 22/27 | €39,250 | €27,963 | -€11,288 | -28.8% |
| Furniture and vehicles | 24 | €39,250 | €27,963 | -€11,288 | -28.8% |
| Current assets | 29/58 | €601,840 | €688,101 | +€86,261 | +14.3% |
| Amounts receivable within one year | 40/41 | €94,868 | €57,505 | -€37,363 | -39.4% |
| Trade receivables | 40 | €94,868 | €57,505 | -€37,363 | -39.4% |
| Current investments | 50/53 | €150,809 | €154,190 | +€3,380 | +2.2% |
| Cash at bank and in hand | 54/58 | €355,116 | €476,013 | +€120,897 | +34.0% |
| Deferred charges and accrued income | 490/1 | €1,047 | €392 | -€654 | -62.5% |
| Total equity and liabilities | 10/49 | €641,091 | €716,064 | +€74,973 | +11.7% |
| Equity | 10/15 | €202,740 | €266,581 | +€63,841 | +31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,140 | €247,981 | +€63,841 | +34.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €182,280 | €246,121 | +€63,841 | +35.0% |
| Amounts payable | 17/49 | €438,351 | €449,483 | +€11,132 | +2.5% |
| Amounts payable within one year | 42/48 | €423,064 | €431,625 | +€8,562 | +2.0% |
| Trade debts | 44 | €3,927 | €2,271 | -€1,656 | -42.2% |
| Suppliers | 440/4 | €3,927 | €2,271 | -€1,656 | -42.2% |
| Taxes, remuneration and social security | 45 | €17,704 | €20,493 | +€2,790 | +15.8% |
| Taxes | 450/3 | €17,704 | €16,493 | -€1,210 | -6.8% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €401,433 | €408,861 | +€7,428 | +1.9% |
| Accrued charges and deferred income | 492/3 | €15,287 | €17,858 | +€2,571 | +16.8% |
| Remuneration, social security and pensions | 62 | -€28 | - | +€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,266 | €13,715 | +€449 | +3.4% |
| Other operating charges | 640/8 | €494 | €3,294 | +€2,799 | +566% |
| Non-recurring operating charges | 66A | €420 | - | -€420 | |
| Gross operating margin | 9900 | €78,207 | €108,308 | +€30,101 | +38.5% |
| Operating profit (loss) | 9901 | €64,054 | €91,299 | +€27,245 | +42.5% |
| Financial income | 75/76B | €30,880 | €3,380 | -€27,499 | -89.1% |
| Recurring financial income | 75 | €30,880 | €3,380 | -€27,499 | -89.1% |
| Financial charges | 65/66B | €98 | €213 | +€115 | +117% |
| Recurring financial charges | 65 | €98 | €213 | +€115 | +117% |
| Profit (loss) for the period before taxes | 9903 | €94,835 | €94,466 | -€369 | -0.4% |
| Income taxes | 67/77 | €25,999 | €30,626 | +€4,627 | +17.8% |
| Profit (loss) for the period | 9904 | €68,836 | €63,841 | -€4,995 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,836 | €63,841 | -€4,995 | -7.3% |
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 15 October 2026 via checked.be.