Ictus Cordis: 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.
Ictus Cordis
Largest movements
- Receivables within one year +€89,170
up €89,170 (+857%), from €10,410 to €99,580
- Cash -€43,862
down €43,862 (-85.6%), from €51,223 to €7,361
mainly Receivables within one year (-€89,170) and Contributions, distributions and other (-€74,800)
- Deferred charges and accrued income -€10,921
down €10,921 (-7.0%), from €155,425 to €144,504
- Tax, wage and social debts +€38,726
up €38,726 (+1,122%), from €3,451 to €42,178
- Trade debts -€5,803
down €5,803 (-67.2%), from €8,640 to €2,837
- Gross operating margin -€29,694
down €29,694 (-20.0%), from €148,745 to €119,051
- Taxes +€4,980
up €4,980 (+14.5%), from €34,451 to €39,431
- Financial income +€2,272
up €2,272 (+321%), from €708 to €2,980
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 | €234,904 | €269,176 | +€34,273 | +14.6% |
| Formation expenses | 20 | €547 | €0 | -€547 | -100% |
| Fixed assets | 21/28 | €17,299 | €17,731 | +€432 | +2.5% |
| Tangible fixed assets | 22/27 | €17,299 | €17,731 | +€432 | +2.5% |
| Plant, machinery and equipment | 23 | €3,763 | €6,854 | +€3,092 | +82.2% |
| Furniture and vehicles | 24 | €5,208 | €3,739 | -€1,470 | -28.2% |
| Other tangible fixed assets | 26 | €8,328 | €7,138 | -€1,190 | -14.3% |
| Current assets | 29/58 | €217,058 | €251,445 | +€34,387 | +15.8% |
| Amounts receivable within one year | 40/41 | €10,410 | €99,580 | +€89,170 | +857% |
| Other amounts receivable | 41 | €10,410 | €99,580 | +€89,170 | +857% |
| Cash at bank and in hand | 54/58 | €51,223 | €7,361 | -€43,862 | -85.6% |
| Deferred charges and accrued income | 490/1 | €155,425 | €144,504 | -€10,921 | -7.0% |
| Total equity and liabilities | 10/49 | €234,904 | €269,176 | +€34,273 | +14.6% |
| Equity | 10/15 | €222,813 | €222,826 | +€13 | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €221,313 | €221,326 | +€13 | 0.0% |
| Distributable reserves | 133 | €221,313 | €221,326 | +€13 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,091 | €46,350 | +€34,259 | +283% |
| Amounts payable within one year | 42/48 | €12,091 | €46,350 | +€34,259 | +283% |
| Trade debts | 44 | €8,640 | €2,837 | -€5,803 | -67.2% |
| Suppliers | 440/4 | €8,640 | €2,837 | -€5,803 | -67.2% |
| Taxes, remuneration and social security | 45 | €3,451 | €42,178 | +€38,726 | +1,122% |
| Taxes | 450/3 | €3,451 | €42,178 | +€38,726 | +1,122% |
| Other amounts payable | 47/48 | - | €1,336 | +€1,336 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,304 | €5,900 | +€597 | +11.2% |
| Other operating charges | 640/8 | €971 | €1,177 | +€206 | +21.2% |
| Gross operating margin | 9900 | €148,745 | €119,051 | -€29,694 | -20.0% |
| Operating profit (loss) | 9901 | €142,471 | €111,974 | -€30,497 | -21.4% |
| Financial income | 75/76B | €708 | €2,980 | +€2,272 | +321% |
| Recurring financial income | 75 | €708 | €2,980 | +€2,272 | +321% |
| Financial charges | 65/66B | €701 | €710 | +€9 | +1.2% |
| Recurring financial charges | 65 | €701 | €710 | +€9 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €142,478 | €114,244 | -€28,233 | -19.8% |
| Income taxes | 67/77 | €34,451 | €39,431 | +€4,980 | +14.5% |
| Profit (loss) for the period | 9904 | €108,027 | €74,813 | -€33,214 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €108,027 | €74,813 | -€33,214 | -30.7% |
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 14 October 2026 via checked.be.