ICV: what changed
What changed
ICV
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
-€4,192
2023 · €5,867-€10,059
Equity
€139,550
2023 · €143,743-€4,192
Cash
€7,380
2023 · €5,763+€1,617
Balance sheet total
€359,150
2023 · €278,177+€80,973
Largest movements
Assets
- Receivables within one year +€95,864
up €95,864 (+41.1%), from €233,189 to €329,053
of which Other amounts receivable: +€54,670
- Tangible fixed assets -€17,865
down €17,865 (-45.5%), from €39,224 to €21,360
of which Plant, machinery and equipment: -€16,202
Equity and liabilities
- Accrued charges and deferred income +€96,000
new in 2024: €96,000
- Trade debts -€15,838
down €15,838 (-13.5%), from €117,478 to €101,640
- Debts after one year +€8,518
new in 2024: €8,518
- Profit (loss) carried forward -€4,192
new in 2024: -€4,192
Income statement
- Staff costs +€42,849
up €42,849 (+130%), from €32,848 to €75,698
- Gross operating margin +€26,450
up €26,450 (+30.9%), from €85,554 to €112,004
- Other operating charges -€5,959
down €5,959 (-27.5%), from €21,652 to €15,694
- Taxes -€1,977
no longer reported in 2024 (was €1,977)
- Financial charges +€1,685
up €1,685 (+55.1%), from €3,059 to €4,745
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€5,867
Gross operating margin
+€26,450
Staff costs
-€42,849
Depreciation
-€378
Other operating charges
+€5,959
Other operating items
+€312
Financial income
+€156
Financial charges
-€1,685
Taxes
+€1,977
Result 2024
-€4,192
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3,192
Investment
-€3,709
Financing
+€8,518
Cash 2023
€5,763
From operations (derived)
-€3,192
Net result for the year
-€4,192
Depreciation
+€20,216
Receivables within one year
-€95,864
Trade debts
-€15,838
Tax, wage and social debts
-€3,514
Accrued charges and deferred income
+€96,000
Investment (derived)
-€3,709
Investment in fixed assets (net)
-€3,709
Financing
+€8,518
Debts after one year
+€8,518
Cash 2024
€7,380
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,177 | €359,150 | +€80,973 | +29.1% |
| Fixed assets | 21/28 | €39,224 | €22,717 | -€16,508 | -42.1% |
| Intangible fixed assets | 21 | - | €1,357 | +€1,357 | |
| Tangible fixed assets | 22/27 | €39,224 | €21,360 | -€17,865 | -45.5% |
| Land and buildings | 22 | - | €1,824 | +€1,824 | |
| Plant, machinery and equipment | 23 | €28,280 | €12,079 | -€16,202 | -57.3% |
| Furniture and vehicles | 24 | €10,944 | €7,457 | -€3,487 | -31.9% |
| Current assets | 29/58 | €238,953 | €336,433 | +€97,481 | +40.8% |
| Amounts receivable within one year | 40/41 | €233,189 | €329,053 | +€95,864 | +41.1% |
| Trade receivables | 40 | €61,425 | €102,619 | +€41,194 | +67.1% |
| Other amounts receivable | 41 | €171,764 | €226,434 | +€54,670 | +31.8% |
| Cash at bank and in hand | 54/58 | €5,763 | €7,380 | +€1,617 | +28.1% |
| Total equity and liabilities | 10/49 | €278,177 | €359,150 | +€80,973 | +29.1% |
| Equity | 10/15 | €143,743 | €139,550 | -€4,192 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,543 | €137,543 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €137,543 | €137,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,192 | -€4,192 | |
| Amounts payable | 17/49 | €134,434 | €219,600 | +€85,166 | +63.4% |
| Amounts payable after more than one year | 17 | - | €8,518 | +€8,518 | |
| Financial debts | 170/4 | - | €8,518 | +€8,518 | |
| Amounts payable within one year | 42/48 | €134,434 | €115,082 | -€19,352 | -14.4% |
| Trade debts | 44 | €117,478 | €101,640 | -€15,838 | -13.5% |
| Suppliers | 440/4 | €117,478 | €101,640 | -€15,838 | -13.5% |
| Taxes, remuneration and social security | 45 | €16,956 | €13,442 | -€3,514 | -20.7% |
| Taxes | 450/3 | €10,107 | €7,867 | -€2,240 | -22.2% |
| Remuneration and social security | 454/9 | €6,850 | €5,575 | -€1,274 | -18.6% |
| Accrued charges and deferred income | 492/3 | - | €96,000 | +€96,000 | |
| Remuneration, social security and pensions | 62 | €32,848 | €75,698 | +€42,849 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,839 | €20,216 | +€378 | +1.9% |
| Other operating charges | 640/8 | €21,652 | €15,694 | -€5,959 | -27.5% |
| Non-recurring operating charges | 66A | €312 | - | -€312 | |
| Gross operating margin | 9900 | €85,554 | €112,004 | +€26,450 | +30.9% |
| Operating profit (loss) | 9901 | €10,903 | €396 | -€10,506 | -96.4% |
| Financial income | 75/76B | €0 | €156 | +€156 | |
| Recurring financial income | 75 | €0 | €156 | +€156 | |
| Financial charges | 65/66B | €3,059 | €4,745 | +€1,685 | +55.1% |
| Recurring financial charges | 65 | €3,059 | €4,745 | +€1,685 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €7,844 | -€4,192 | -€12,036 | |
| Income taxes | 67/77 | €1,977 | - | -€1,977 | |
| Profit (loss) for the period | 9904 | €5,867 | -€4,192 | -€10,059 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,867 | -€4,192 | -€10,059 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.