Icure: 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.
Icure
Largest movements
- Cash +€34,890
up €34,890 (+15.4%), from €227,091 to €261,981
mainly Net result for the year (+€35,460) and Depreciation (+€5,469)
- Tangible fixed assets -€5,469
down €5,469 (-3.8%), from €142,076 to €136,607
of which Assets under construction and advance payments: -€4,802
- Receivables within one year +€5,329
new in 2025: €5,329
- Reserves +€35,460
up €35,460 (+10.5%), from €336,469 to €371,929
of which Distributable reserves: +€35,460
- Tax, wage and social debts -€7,659
down €7,659 (-81.7%), from €9,377 to €1,717
- Gross operating margin -€16,444
down €16,444 (-22.6%), from €72,629 to €56,184
- Depreciation -€1,805
down €1,805 (-24.8%), from €7,275 to €5,469
- Taxes -€1,764
down €1,764 (-10.5%), from €16,842 to €15,078
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 | €410,715 | €438,980 | +€28,265 | +6.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €168,076 | €162,607 | -€5,469 | -3.3% |
| Tangible fixed assets | 22/27 | €142,076 | €136,607 | -€5,469 | -3.8% |
| Land and buildings | 22 | €21,207 | €21,207 | = | 0.0% |
| Furniture and vehicles | 24 | €1,652 | €984 | -€668 | -40.4% |
| Assets under construction and advance payments | 27 | €119,217 | €114,415 | -€4,802 | -4.0% |
| Financial fixed assets | 28 | €26,000 | €26,000 | = | 0.0% |
| Current assets | 29/58 | €242,639 | €276,373 | +€33,735 | +13.9% |
| Amounts receivable after more than one year | 29 | €3,983 | - | -€3,983 | |
| Other amounts receivable | 291 | €3,983 | - | -€3,983 | |
| Amounts receivable within one year | 40/41 | - | €5,329 | +€5,329 | |
| Other amounts receivable | 41 | - | €5,329 | +€5,329 | |
| Cash at bank and in hand | 54/58 | €227,091 | €261,981 | +€34,890 | +15.4% |
| Deferred charges and accrued income | 490/1 | €11,564 | €9,063 | -€2,502 | -21.6% |
| Total equity and liabilities | 10/49 | €410,715 | €438,980 | +€28,265 | +6.9% |
| Equity | 10/15 | €396,469 | €431,929 | +€35,460 | +8.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €336,469 | €371,929 | +€35,460 | +10.5% |
| Tax-exempt reserves | 132 | €7,524 | €7,524 | = | 0.0% |
| Distributable reserves | 133 | €328,945 | €364,405 | +€35,460 | +10.8% |
| Provisions and deferred taxes | 16 | €3,876 | €3,876 | = | 0.0% |
| Deferred taxes | 168 | €3,876 | €3,876 | = | 0.0% |
| Amounts payable | 17/49 | €10,370 | €3,175 | -€7,195 | -69.4% |
| Amounts payable within one year | 42/48 | €10,022 | €2,827 | -€7,195 | -71.8% |
| Current portion of amounts payable after more than one year | 42 | €645 | €1,110 | +€464 | +72.0% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €9,377 | €1,717 | -€7,659 | -81.7% |
| Taxes | 450/3 | €9,377 | €1,717 | -€7,659 | -81.7% |
| Accrued charges and deferred income | 492/3 | €348 | €348 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €48 | - | -€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,275 | €5,469 | -€1,805 | -24.8% |
| Other operating charges | 640/8 | €1,078 | €1,172 | +€95 | +8.8% |
| Gross operating margin | 9900 | €72,629 | €56,184 | -€16,444 | -22.6% |
| Operating profit (loss) | 9901 | €64,228 | €49,542 | -€14,686 | -22.9% |
| Financial income | 75/76B | €1,383 | €1,622 | +€239 | +17.3% |
| Recurring financial income | 75 | €1,383 | €1,622 | +€239 | +17.3% |
| Financial charges | 65/66B | €505 | €626 | +€122 | +24.1% |
| Recurring financial charges | 65 | €505 | €626 | +€122 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €65,106 | €50,538 | -€14,568 | -22.4% |
| Income taxes | 67/77 | €16,842 | €15,078 | -€1,764 | -10.5% |
| Profit (loss) for the period | 9904 | €48,265 | €35,460 | -€12,804 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,265 | €35,460 | -€12,804 | -26.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.