ICTS Services: 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.
What changed
ICTS Services
NACE 33.170, Repair, maintenance and installation of machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,963
2024 · €6,177+€1,786
Equity
€1.3m
2024 · €1.3m+€7,963
Cash
€47,173
2024 · €111,651-€64,477
Balance sheet total
€3.9m
2024 · €4.1m-€199,691
Largest movements
Assets
- Tangible fixed assets -€75,399
down €75,399 (-18.9%), from €398,616 to €323,217
of which Plant, machinery and equipment: -€60,258
- Cash -€64,477
down €64,477 (-57.7%), from €111,651 to €47,173
mainly Trade debts (-€235,715) and Accrued charges and deferred income (-€86,400)
Equity and liabilities
- Trade debts -€235,715
down €235,715 (-11.7%), from €2.0m to €1.8m
- Other debts +€133,680
up €133,680 (+18168.7%), from €736 to €134,416
- Accrued charges and deferred income -€86,400
down €86,400 (-82.4%), from €104,820 to €18,420
Income statement
- Gross operating margin +€66,739
up €66,739 (+2.1%), from €3.2m to €3.2m
- Write-downs +€40,382
new in 2025: €40,382
- Staff costs +€33,905
up €33,905 (+1.2%), from €2.9m to €2.9m
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.
Result 2024
€6,177
Gross operating margin
+€66,739
Staff costs
-€33,905
Depreciation
+€30,142
Write-downs
-€40,382
Other operating charges
-€11,999
Financial income
-€829
Financial charges
-€21,041
Taxes
+€13,061
Result 2025
€7,963
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.
From operations
+€16,176
Investment
-€75,195
Financing
-€5,457
Cash 2024
€111,651
From operations (derived)
+€16,176
Net result for the year
+€7,963
Depreciation
+€151,422
Stocks and contracts
+€41,054
Receivables within one year
+€29,323
Deferred charges and accrued income
-€11,390
Trade debts
-€235,715
Tax, wage and social debts
-€13,762
Other debts
+€133,680
Accrued charges and deferred income
-€86,400
Investment (derived)
-€75,195
Investment in fixed assets (net)
-€75,195
Financing
-€5,457
Debts after one year
-€16,292
Current portion of long-term debt
+€463
Short-term financial debts
+€10,371
Cash 2025
€47,173
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,119,908 | €3,920,217 | -€199,691 | -4.8% |
| Formation expenses | 20 | €828 | - | -€828 | |
| Fixed assets | 21/28 | €433,981 | €358,582 | -€75,399 | -17.4% |
| Tangible fixed assets | 22/27 | €398,616 | €323,217 | -€75,399 | -18.9% |
| Land and buildings | 22 | €74,438 | €82,343 | +€7,905 | +10.6% |
| Plant, machinery and equipment | 23 | €144,420 | €84,163 | -€60,258 | -41.7% |
| Furniture and vehicles | 24 | €53,298 | €44,340 | -€8,957 | -16.8% |
| Other tangible fixed assets | 26 | €126,460 | €112,371 | -€14,088 | -11.1% |
| Financial fixed assets | 28 | €35,365 | €35,365 | = | 0.0% |
| Current assets | 29/58 | €3,685,098 | €3,561,635 | -€123,464 | -3.4% |
| Stocks and contracts in progress | 3 | €381,311 | €340,256 | -€41,054 | -10.8% |
| Stocks | 30/36 | €381,311 | €340,256 | -€41,054 | -10.8% |
| Amounts receivable within one year | 40/41 | €3,177,215 | €3,147,893 | -€29,323 | -0.9% |
| Trade receivables | 40 | €2,782,281 | €2,348,380 | -€433,902 | -15.6% |
| Other amounts receivable | 41 | €394,934 | €799,513 | +€404,579 | +102.4% |
| Cash at bank and in hand | 54/58 | €111,651 | €47,173 | -€64,477 | -57.7% |
| Deferred charges and accrued income | 490/1 | €14,922 | €26,312 | +€11,390 | +76.3% |
| Total equity and liabilities | 10/49 | €4,119,908 | €3,920,217 | -€199,691 | -4.8% |
| Equity | 10/15 | €1,320,186 | €1,328,149 | +€7,963 | +0.6% |
| Contributions | 10/11 | €1,368,997 | €1,368,997 | = | 0.0% |
| Capital | 10 | €1,368,997 | €1,368,997 | = | 0.0% |
| Issued capital | 100 | €1,368,997 | €1,368,997 | = | 0.0% |
| Reserves | 13 | €1,071,995 | €1,071,995 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,071,995 | €1,071,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,120,805 | -€1,112,842 | +€7,963 | +0.7% |
| Amounts payable | 17/49 | €2,799,721 | €2,592,067 | -€207,654 | -7.4% |
| Amounts payable after more than one year | 17 | €31,481 | €15,189 | -€16,292 | -51.8% |
| Financial debts | 170/4 | €31,131 | €14,839 | -€16,292 | -52.3% |
| Other amounts payable | 178/9 | €350 | €350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,663,420 | €2,558,458 | -€104,962 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €15,828 | €16,292 | +€463 | +2.9% |
| Financial debts | 43 | €61,013 | €71,383 | +€10,371 | +17.0% |
| Other loans | 439 | €61,013 | €71,383 | +€10,371 | +17.0% |
| Trade debts | 44 | €2,010,349 | €1,774,635 | -€235,715 | -11.7% |
| Suppliers | 440/4 | €2,010,349 | €1,774,635 | -€235,715 | -11.7% |
| Taxes, remuneration and social security | 45 | €575,494 | €561,732 | -€13,762 | -2.4% |
| Taxes | 450/3 | €172,564 | €161,025 | -€11,539 | -6.7% |
| Remuneration and social security | 454/9 | €402,930 | €400,707 | -€2,223 | -0.6% |
| Other amounts payable | 47/48 | €736 | €134,416 | +€133,680 | +18168.7% |
| Accrued charges and deferred income | 492/3 | €104,820 | €18,420 | -€86,400 | -82.4% |
| Remuneration, social security and pensions | 62 | €2,914,099 | €2,948,004 | +€33,905 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,565 | €151,422 | -€30,142 | -16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,382 | +€40,382 | |
| Other operating charges | 640/8 | €16,280 | €28,279 | +€11,999 | +73.7% |
| Gross operating margin | 9900 | €3,179,980 | €3,246,719 | +€66,739 | +2.1% |
| Operating profit (loss) | 9901 | €68,037 | €78,632 | +€10,595 | +15.6% |
| Financial income | 75/76B | €5,215 | €4,385 | -€829 | -15.9% |
| Recurring financial income | 75 | €5,215 | €4,385 | -€829 | -15.9% |
| Financial charges | 65/66B | €13,236 | €34,277 | +€21,041 | +159.0% |
| Recurring financial charges | 65 | €13,236 | €34,277 | +€21,041 | +159.0% |
| Profit (loss) for the period before taxes | 9903 | €60,016 | €48,740 | -€11,276 | -18.8% |
| Income taxes | 67/77 | €53,838 | €40,777 | -€13,061 | -24.3% |
| Profit (loss) for the period | 9904 | €6,177 | €7,963 | +€1,786 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,177 | €7,963 | +€1,786 | +28.9% |
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 8 October 2026 via checked.be.