ICTSemantics: 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.
ICTSemantics
Largest movements
- Receivables within one year +€31,113
up €31,113 (+36.8%), from €84,448 to €115,562
of which Other amounts receivable: +€29,784
- Current investments +€30,027
up €30,027 (+10.7%), from €280,061 to €310,088
- Reserves +€92,927
up €92,927 (+35.9%), from €258,827 to €351,754
- Profit (loss) carried forward -€21,250
down €21,250 (-25.1%), from €84,543 to €63,293
- Other debts -€10,675
down €10,675 (-33.4%), from €31,925 to €21,250
- Gross operating margin +€12,751
up €12,751 (+11.9%), from €106,972 to €119,723
- Financial income +€1,424
up €1,424 (+16.4%), from €8,683 to €10,107
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 | €395,104 | €457,856 | +€62,752 | +15.9% |
| Fixed assets | 21/28 | €1,582 | €4,943 | +€3,361 | +212.5% |
| Tangible fixed assets | 22/27 | €1,024 | €4,385 | +€3,361 | +328.3% |
| Furniture and vehicles | 24 | €1,024 | €4,385 | +€3,361 | +328.3% |
| Financial fixed assets | 28 | €558 | €558 | = | 0.0% |
| Current assets | 29/58 | €393,522 | €452,913 | +€59,390 | +15.1% |
| Amounts receivable within one year | 40/41 | €84,448 | €115,562 | +€31,113 | +36.8% |
| Trade receivables | 40 | €13,613 | €14,942 | +€1,330 | +9.8% |
| Other amounts receivable | 41 | €70,836 | €100,620 | +€29,784 | +42.0% |
| Current investments | 50/53 | €280,061 | €310,088 | +€30,027 | +10.7% |
| Cash at bank and in hand | 54/58 | €18,655 | €16,869 | -€1,785 | -9.6% |
| Deferred charges and accrued income | 490/1 | €10,358 | €10,394 | +€36 | +0.3% |
| Total equity and liabilities | 10/49 | €395,104 | €457,856 | +€62,752 | +15.9% |
| Equity | 10/15 | €349,570 | €421,247 | +€71,677 | +20.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €258,827 | €351,754 | +€92,927 | +35.9% |
| Distributable reserves | 133 | €258,827 | €351,754 | +€92,927 | +35.9% |
| Profit (loss) carried forward | 14 | €84,543 | €63,293 | -€21,250 | -25.1% |
| Amounts payable | 17/49 | €45,534 | €36,609 | -€8,925 | -19.6% |
| Amounts payable within one year | 42/48 | €45,534 | €36,609 | -€8,925 | -19.6% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €2,985 | €2,597 | -€388 | -13.0% |
| Suppliers | 440/4 | €2,985 | €2,597 | -€388 | -13.0% |
| Taxes, remuneration and social security | 45 | €10,624 | €12,752 | +€2,129 | +20.0% |
| Taxes | 450/3 | €10,624 | €12,752 | +€2,129 | +20.0% |
| Other amounts payable | 47/48 | €31,925 | €21,250 | -€10,675 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €1,750 | +€1,115 | +175.8% |
| Other operating charges | 640/8 | €998 | €1,221 | +€223 | +22.4% |
| Gross operating margin | 9900 | €106,972 | €119,723 | +€12,751 | +11.9% |
| Operating profit (loss) | 9901 | €105,340 | €116,752 | +€11,413 | +10.8% |
| Financial income | 75/76B | €8,683 | €10,107 | +€1,424 | +16.4% |
| Recurring financial income | 75 | €8,683 | €10,107 | +€1,424 | +16.4% |
| Financial charges | 65/66B | €623 | €769 | +€146 | +23.4% |
| Recurring financial charges | 65 | €623 | €769 | +€146 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €113,399 | €126,090 | +€12,691 | +11.2% |
| Income taxes | 67/77 | €34,229 | €33,163 | -€1,065 | -3.1% |
| Profit (loss) for the period | 9904 | €79,171 | €92,927 | +€13,756 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,171 | €92,927 | +€13,756 | +17.4% |
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 11 October 2026 via checked.be.