ICTNET: 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.
ICTNET
Largest movements
- Receivables within one year -€6,581
down €6,581 (-13.5%), from €48,792 to €42,211
of which Trade receivables: -€7,322
- Cash -€4,648
down €4,648 (-11.0%), from €42,198 to €37,550
mainly Contributions, distributions and other (-€78,863) and Trade debts (-€3,109)
- Reserves -€40,616
down €40,616 (-51.5%), from €78,863 to €38,247
- Other debts +€25,013
up €25,013 (+597.7%), from €4,185 to €29,198
- Tax, wage and social debts +€7,491
up €7,491 (+65.8%), from €11,390 to €18,881
- Trade debts -€3,109
down €3,109 (-88.4%), from €3,516 to €407
of which Suppliers: -€2,023
- Gross operating margin +€23,111
up €23,111 (+28.5%), from €81,033 to €104,144
- Staff costs +€9,426
up €9,426 (+23.3%), from €40,541 to €49,967
- Taxes +€7,301
up €7,301 (+101.4%), from €7,200 to €14,501
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 | €99,454 | €88,290 | -€11,164 | -11.2% |
| Fixed assets | 21/28 | €1,428 | €666 | -€762 | -53.4% |
| Tangible fixed assets | 22/27 | €1,253 | €491 | -€762 | -60.8% |
| Furniture and vehicles | 24 | €1,253 | €491 | -€762 | -60.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €98,026 | €87,624 | -€10,402 | -10.6% |
| Amounts receivable within one year | 40/41 | €48,792 | €42,211 | -€6,581 | -13.5% |
| Trade receivables | 40 | €28,542 | €21,220 | -€7,322 | -25.7% |
| Other amounts receivable | 41 | €20,250 | €20,991 | +€741 | +3.7% |
| Current investments | 50/53 | €5,621 | €5,621 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,198 | €37,550 | -€4,648 | -11.0% |
| Deferred charges and accrued income | 490/1 | €1,415 | €2,242 | +€827 | +58.4% |
| Total equity and liabilities | 10/49 | €99,454 | €88,290 | -€11,164 | -11.2% |
| Equity | 10/15 | €80,363 | €39,747 | -€40,616 | -50.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €78,863 | €38,247 | -€40,616 | -51.5% |
| Distributable reserves | 133 | €78,863 | €38,247 | -€40,616 | -51.5% |
| Amounts payable | 17/49 | €19,091 | €48,543 | +€29,452 | +154.3% |
| Amounts payable within one year | 42/48 | €19,091 | €48,543 | +€29,452 | +154.3% |
| Financial debts | 43 | - | €57 | +€57 | |
| Credit institutions | 430/8 | - | €57 | +€57 | |
| Trade debts | 44 | €3,516 | €407 | -€3,109 | -88.4% |
| Suppliers | 440/4 | €2,430 | €407 | -€2,023 | -83.3% |
| Bills of exchange payable | 441 | €1,086 | - | -€1,086 | |
| Taxes, remuneration and social security | 45 | €11,390 | €18,881 | +€7,491 | +65.8% |
| Taxes | 450/3 | €11,390 | €18,881 | +€7,491 | +65.8% |
| Other amounts payable | 47/48 | €4,185 | €29,198 | +€25,013 | +597.7% |
| Remuneration, social security and pensions | 62 | €40,541 | €49,967 | +€9,426 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,136 | €762 | -€374 | -32.9% |
| Other operating charges | 640/8 | €1,379 | €459 | -€920 | -66.7% |
| Gross operating margin | 9900 | €81,033 | €104,144 | +€23,111 | +28.5% |
| Operating profit (loss) | 9901 | €37,977 | €52,956 | +€14,979 | +39.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €279 | €212 | -€67 | -24.0% |
| Recurring financial charges | 65 | €279 | €212 | -€67 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €37,698 | €52,748 | +€15,050 | +39.9% |
| Income taxes | 67/77 | €7,200 | €14,501 | +€7,301 | +101.4% |
| Profit (loss) for the period | 9904 | €30,498 | €38,247 | +€7,749 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,498 | €38,247 | +€7,749 | +25.4% |
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 3 October 2026 via checked.be.