ICTSafe: what changed
ICTSafe
Largest movements
- Tangible fixed assets +€174,030
up €174,030 (+73.6%), from €236,399 to €410,429
of which Land and buildings: +€168,961
- Cash +€19,498
up €19,498 (+137%), from €14,216 to €33,713
mainly Debts after one year (+€98,058) and Net result for the year (+€31,652)
- Receivables within one year +€6,554
up €6,554 (+17.8%), from €36,800 to €43,354
of which Trade receivables: +€6,554
- Financial fixed assets -€5,000
down €5,000 (-83.3%), from €6,000 to €1,000
- Debts after one year +€98,058
up €98,058 (+104%), from €94,518 to €192,576
- Current portion of long-term debt +€25,206
up €25,206 (+151%), from €16,690 to €41,896
- Accrued charges and deferred income +€24,393
up €24,393 (+144%), from €16,922 to €41,314
- Other debts +€22,000
up €22,000 (+95.2%), from €23,113 to €45,113
- Tax, wage and social debts +€17,802
up €17,802 (+207%), from €8,600 to €26,402
of which Remuneration and social security: +€9,597
- Gross operating margin +€84,778
up €84,778 (+132%), from €64,470 to €149,248
- Turnover +€72,354
up €72,354 (+37.5%), from €193,085 to €265,439
- Staff costs +€66,138
new in 2026: €66,138
- Purchases and services +€13,074
up €13,074 (+9.3%), from €140,062 to €153,136
- Write-downs -€6,000
no longer reported in 2026 (was €6,000)
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,499 | €489,553 | +€195,054 | +66.2% |
| Fixed assets | 21/28 | €242,399 | €411,429 | +€169,030 | +69.7% |
| Tangible fixed assets | 22/27 | €236,399 | €410,429 | +€174,030 | +73.6% |
| Land and buildings | 22 | €230,413 | €399,374 | +€168,961 | +73.3% |
| Plant, machinery and equipment | 23 | €901 | €2,480 | +€1,578 | +175% |
| Furniture and vehicles | 24 | €5,084 | €8,575 | +€3,491 | +68.7% |
| Financial fixed assets | 28 | €6,000 | €1,000 | -€5,000 | -83.3% |
| Current assets | 29/58 | €52,100 | €78,124 | +€26,024 | +49.9% |
| Amounts receivable within one year | 40/41 | €36,800 | €43,354 | +€6,554 | +17.8% |
| Trade receivables | 40 | €35,540 | €42,094 | +€6,554 | +18.4% |
| Other amounts receivable | 41 | €1,260 | €1,260 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,216 | €33,713 | +€19,498 | +137% |
| Deferred charges and accrued income | 490/1 | €1,084 | €1,057 | -€28 | -2.5% |
| Total equity and liabilities | 10/49 | €294,499 | €489,553 | +€195,054 | +66.2% |
| Equity | 10/15 | €104,560 | €106,212 | +€1,652 | +1.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,168 | €99,168 | = | 0.0% |
| Distributable reserves | 133 | €99,168 | €99,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | €392 | €2,044 | +€1,652 | +421% |
| Amounts payable | 17/49 | €189,939 | €383,342 | +€193,403 | +102% |
| Amounts payable after more than one year | 17 | €94,518 | €192,576 | +€98,058 | +104% |
| Financial debts | 170/4 | €94,518 | €192,576 | +€98,058 | +104% |
| Amounts payable within one year | 42/48 | €78,499 | €149,451 | +€70,952 | +90.4% |
| Current portion of amounts payable after more than one year | 42 | €16,690 | €41,896 | +€25,206 | +151% |
| Trade debts | 44 | €30,096 | €36,040 | +€5,944 | +19.8% |
| Suppliers | 440/4 | €30,096 | €36,040 | +€5,944 | +19.8% |
| Taxes, remuneration and social security | 45 | €8,600 | €26,402 | +€17,802 | +207% |
| Taxes | 450/3 | €8,600 | €16,805 | +€8,205 | +95.4% |
| Remuneration and social security | 454/9 | - | €9,597 | +€9,597 | |
| Other amounts payable | 47/48 | €23,113 | €45,113 | +€22,000 | +95.2% |
| Accrued charges and deferred income | 492/3 | €16,922 | €41,314 | +€24,393 | +144% |
| Turnover | 70 | €193,085 | €265,439 | +€72,354 | +37.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €140,062 | €153,136 | +€13,074 | +9.3% |
| Remuneration, social security and pensions | 62 | - | €66,138 | +€66,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,911 | €15,844 | +€5,933 | +59.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,000 | - | -€6,000 | |
| Other operating charges | 640/8 | €13,954 | €14,862 | +€908 | +6.5% |
| Gross operating margin | 9900 | €64,470 | €149,248 | +€84,778 | +132% |
| Operating profit (loss) | 9901 | €34,605 | €52,405 | +€17,799 | +51.4% |
| Financial income | 75/76B | €6,264 | €381 | -€5,883 | -93.9% |
| Recurring financial income | 75 | €6,264 | €381 | -€5,883 | -93.9% |
| Financial charges | 65/66B | €9,146 | €8,606 | -€540 | -5.9% |
| Recurring financial charges | 65 | €9,146 | €8,606 | -€540 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €31,723 | €44,179 | +€12,456 | +39.3% |
| Income taxes | 67/77 | €9,331 | €12,528 | +€3,197 | +34.3% |
| Profit (loss) for the period | 9904 | €22,392 | €31,652 | +€9,259 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,392 | €31,652 | +€9,259 | +41.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.