ICV: 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.
ICV
Largest movements
- Cash +€29,202
up €29,202 (+30.0%), from €97,238 to €126,440
mainly Net result for the year (+€19,948) and Trade debts (+€8,564)
- Receivables within one year -€2,444
down €2,444 (-27.8%), from €8,806 to €6,362
of which Other amounts receivable: -€1,233
- Profit (loss) carried forward +€19,948
up €19,948 (+43.6%), from €45,759 to €65,707
- Trade debts +€8,564
new in 2025: €8,564
- Gross operating margin -€2,330
down €2,330 (-8.0%), from €29,210 to €26,880
- Taxes -€2,001
down €2,001 (-24.1%), from €8,303 to €6,302
- Depreciation -€321
down €321 (-47.2%), from €679 to €359
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 | €142,470 | €170,083 | +€27,614 | +19.4% |
| Fixed assets | 21/28 | €812 | €1,722 | +€910 | +112.1% |
| Tangible fixed assets | 22/27 | €812 | €1,722 | +€910 | +112.1% |
| Plant, machinery and equipment | 23 | €812 | €1,722 | +€910 | +112.1% |
| Current assets | 29/58 | €141,658 | €168,361 | +€26,704 | +18.9% |
| Amounts receivable within one year | 40/41 | €8,806 | €6,362 | -€2,444 | -27.8% |
| Trade receivables | 40 | €7,547 | €6,336 | -€1,211 | -16.0% |
| Other amounts receivable | 41 | €1,259 | €26 | -€1,233 | -97.9% |
| Current investments | 50/53 | €35,504 | €35,504 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €97,238 | €126,440 | +€29,202 | +30.0% |
| Deferred charges and accrued income | 490/1 | €110 | €55 | -€55 | -50.0% |
| Total equity and liabilities | 10/49 | €142,470 | €170,083 | +€27,614 | +19.4% |
| Equity | 10/15 | €131,319 | €151,267 | +€19,948 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,960 | €66,960 | = | 0.0% |
| Distributable reserves | 133 | €66,960 | €66,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,759 | €65,707 | +€19,948 | +43.6% |
| Amounts payable | 17/49 | €11,151 | €18,817 | +€7,666 | +68.7% |
| Amounts payable within one year | 42/48 | €11,151 | €18,817 | +€7,666 | +68.7% |
| Trade debts | 44 | - | €8,564 | +€8,564 | |
| Suppliers | 440/4 | - | €8,564 | +€8,564 | |
| Taxes, remuneration and social security | 45 | €5,954 | €4,648 | -€1,307 | -21.9% |
| Taxes | 450/3 | €5,954 | €4,648 | -€1,307 | -21.9% |
| Other amounts payable | 47/48 | €5,196 | €5,605 | +€408 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | €359 | -€321 | -47.2% |
| Other operating charges | 640/8 | €1,060 | €799 | -€261 | -24.6% |
| Non-recurring operating charges | 66A | - | €87 | +€87 | |
| Gross operating margin | 9900 | €29,210 | €26,880 | -€2,330 | -8.0% |
| Operating profit (loss) | 9901 | €27,471 | €25,635 | -€1,836 | -6.7% |
| Financial income | 75/76B | €851 | €925 | +€74 | +8.7% |
| Recurring financial income | 75 | €851 | €925 | +€74 | +8.7% |
| Financial charges | 65/66B | €324 | €310 | -€14 | -4.3% |
| Recurring financial charges | 65 | €324 | €310 | -€14 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €27,998 | €26,250 | -€1,748 | -6.2% |
| Income taxes | 67/77 | €8,303 | €6,302 | -€2,001 | -24.1% |
| Profit (loss) for the period | 9904 | €19,695 | €19,948 | +€253 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,695 | €19,948 | +€253 | +1.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.