ICTWORX: 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.
ICTWORX
Largest movements
- Cash +€37,529
up €37,529 (+55.9%), from €67,129 to €104,658
mainly Other debts (+€51,360) and Net result for the year (+€37,166)
- Receivables within one year -€27,362
down €27,362 (-47.7%), from €57,401 to €30,039
of which Trade receivables: -€29,532
- Tangible fixed assets +€10,358
up €10,358 (+68.2%), from €15,186 to €25,544
of which Plant, machinery and equipment: +€11,572
- Other debts +€51,360
up €51,360 (+101.4%), from €50,651 to €102,011
- Profit (loss) carried forward -€22,834
down €22,834 (-33.9%), from €67,289 to €44,455
- Trade debts -€13,288
down €13,288 (-81.8%), from €16,253 to €2,965
- Tax, wage and social debts +€5,287
up €5,287 (+116.9%), from €4,523 to €9,810
- Gross operating margin +€10,769
up €10,769 (+23.5%), from €45,756 to €56,525
- Taxes +€2,810
up €2,810 (+31.7%), from €8,873 to €11,683
- Financial charges -€1,287
down €1,287 (-57.2%), from €2,251 to €964
- Depreciation +€969
up €969 (+17.2%), from €5,623 to €6,592
- Other operating charges +€667
up €667 (+554.2%), from €120 to €787
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 | €139,716 | €160,241 | +€20,525 | +14.7% |
| Fixed assets | 21/28 | €15,186 | €25,544 | +€10,358 | +68.2% |
| Tangible fixed assets | 22/27 | €15,186 | €25,544 | +€10,358 | +68.2% |
| Plant, machinery and equipment | 23 | €13,821 | €25,393 | +€11,572 | +83.7% |
| Furniture and vehicles | 24 | €1,365 | €151 | -€1,214 | -88.9% |
| Current assets | 29/58 | €124,530 | €134,697 | +€10,167 | +8.2% |
| Amounts receivable within one year | 40/41 | €57,401 | €30,039 | -€27,362 | -47.7% |
| Trade receivables | 40 | €52,788 | €23,256 | -€29,532 | -55.9% |
| Other amounts receivable | 41 | €4,612 | €6,783 | +€2,170 | +47.0% |
| Cash at bank and in hand | 54/58 | €67,129 | €104,658 | +€37,529 | +55.9% |
| Total equity and liabilities | 10/49 | €139,716 | €160,241 | +€20,525 | +14.7% |
| Equity | 10/15 | €68,289 | €45,455 | -€22,834 | -33.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,289 | €44,455 | -€22,834 | -33.9% |
| Amounts payable | 17/49 | €71,427 | €114,786 | +€43,359 | +60.7% |
| Amounts payable within one year | 42/48 | €71,427 | €114,786 | +€43,359 | +60.7% |
| Trade debts | 44 | €16,253 | €2,965 | -€13,288 | -81.8% |
| Suppliers | 440/4 | €16,253 | €2,965 | -€13,288 | -81.8% |
| Taxes, remuneration and social security | 45 | €4,523 | €9,810 | +€5,287 | +116.9% |
| Taxes | 450/3 | €4,523 | €9,810 | +€5,287 | +116.9% |
| Other amounts payable | 47/48 | €50,651 | €102,011 | +€51,360 | +101.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,623 | €6,592 | +€969 | +17.2% |
| Other operating charges | 640/8 | €120 | €787 | +€667 | +554.2% |
| Gross operating margin | 9900 | €45,756 | €56,525 | +€10,769 | +23.5% |
| Operating profit (loss) | 9901 | €40,013 | €49,146 | +€9,133 | +22.8% |
| Financial income | 75/76B | €555 | €666 | +€111 | +20.0% |
| Recurring financial income | 75 | €555 | €666 | +€111 | +20.0% |
| Financial charges | 65/66B | €2,251 | €964 | -€1,287 | -57.2% |
| Recurring financial charges | 65 | €2,251 | €964 | -€1,287 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €38,318 | €48,849 | +€10,531 | +27.5% |
| Income taxes | 67/77 | €8,873 | €11,683 | +€2,810 | +31.7% |
| Profit (loss) for the period | 9904 | €29,445 | €37,166 | +€7,721 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,445 | €37,166 | +€7,721 | +26.2% |
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 12 October 2026 via checked.be.