ICV-SERVICES: 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.
ICV-SERVICES
Largest movements
- Current investments +€100,000
up €100,000 (+28.6%), from €350,000 to €450,000
- Cash -€71,458
down €71,458 (-20.1%), from €355,443 to €283,985
mainly Current investments (-€100,000) and Other debts (-€49,199)
- Tangible fixed assets +€14,908
up €14,908 (+4.6%), from €321,529 to €336,436
of which Furniture and vehicles: +€19,737
- Receivables within one year -€14,096
down €14,096 (-34.1%), from €41,333 to €27,237
of which Other amounts receivable: -€13,611
- Reserves +€91,745
up €91,745 (+12.2%), from €753,397 to €845,141
of which Distributable reserves: +€91,745
- Other debts -€49,199
down €49,199 (-87.5%), from €56,255 to €7,055
- Tax, wage and social debts -€17,722
down €17,722 (-68.9%), from €25,727 to €8,005
of which Taxes: -€17,722
- Financial income -€24,843
down €24,843 (-82.9%), from €29,967 to €5,124
- Taxes -€4,200
down €4,200 (-9.2%), from €45,604 to €41,404
- Depreciation +€3,113
up €3,113 (+10.3%), from €30,270 to €33,383
- Other operating charges -€3,017
down €3,017 (-39.1%), from €7,718 to €4,701
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 | €1,070,354 | €1,099,782 | +€29,427 | +2.7% |
| Fixed assets | 21/28 | €321,529 | €336,436 | +€14,908 | +4.6% |
| Tangible fixed assets | 22/27 | €321,529 | €336,436 | +€14,908 | +4.6% |
| Land and buildings | 22 | €290,002 | €278,558 | -€11,444 | -3.9% |
| Plant, machinery and equipment | 23 | €21,422 | €28,038 | +€6,615 | +30.9% |
| Furniture and vehicles | 24 | €10,104 | €29,841 | +€19,737 | +195% |
| Current assets | 29/58 | €748,825 | €763,345 | +€14,520 | +1.9% |
| Amounts receivable within one year | 40/41 | €41,333 | €27,237 | -€14,096 | -34.1% |
| Trade receivables | 40 | €26,701 | €26,217 | -€485 | -1.8% |
| Other amounts receivable | 41 | €14,631 | €1,020 | -€13,611 | -93.0% |
| Current investments | 50/53 | €350,000 | €450,000 | +€100,000 | +28.6% |
| Cash at bank and in hand | 54/58 | €355,443 | €283,985 | -€71,458 | -20.1% |
| Deferred charges and accrued income | 490/1 | €2,049 | €2,123 | +€74 | +3.6% |
| Total equity and liabilities | 10/49 | €1,070,354 | €1,099,782 | +€29,427 | +2.7% |
| Equity | 10/15 | €883,397 | €975,141 | +€91,745 | +10.4% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €753,397 | €845,141 | +€91,745 | +12.2% |
| Non-distributable reserves | 130/1 | €5,860 | €5,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,860 | €5,860 | = | 0.0% |
| Distributable reserves | 133 | €747,537 | €839,282 | +€91,745 | +12.3% |
| Provisions and deferred taxes | 16 | €35,000 | €35,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,000 | €35,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable | 17/49 | €151,957 | €89,640 | -€62,317 | -41.0% |
| Amounts payable after more than one year | 17 | €45,000 | €45,161 | +€161 | +0.4% |
| Financial debts | 170/4 | €45,000 | €45,161 | +€161 | +0.4% |
| Amounts payable within one year | 42/48 | €106,957 | €44,479 | -€62,479 | -58.4% |
| Current portion of amounts payable after more than one year | 42 | €22,500 | €27,739 | +€5,239 | +23.3% |
| Trade debts | 44 | €2,475 | €1,680 | -€796 | -32.1% |
| Suppliers | 440/4 | €2,475 | €1,680 | -€796 | -32.1% |
| Taxes, remuneration and social security | 45 | €25,727 | €8,005 | -€17,722 | -68.9% |
| Taxes | 450/3 | €23,227 | €5,505 | -€17,722 | -76.3% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €56,255 | €7,055 | -€49,199 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,270 | €33,383 | +€3,113 | +10.3% |
| Other operating charges | 640/8 | €7,718 | €4,701 | -€3,017 | -39.1% |
| Gross operating margin | 9900 | €167,982 | €167,353 | -€629 | -0.4% |
| Operating profit (loss) | 9901 | €129,994 | €129,270 | -€725 | -0.6% |
| Financial income | 75/76B | €29,967 | €5,124 | -€24,843 | -82.9% |
| Recurring financial income | 75 | €29,967 | €5,124 | -€24,843 | -82.9% |
| Financial charges | 65/66B | €1,323 | €1,245 | -€79 | -5.9% |
| Recurring financial charges | 65 | €1,323 | €1,245 | -€79 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €158,638 | €133,149 | -€25,489 | -16.1% |
| Income taxes | 67/77 | €45,604 | €41,404 | -€4,200 | -9.2% |
| Profit (loss) for the period | 9904 | €113,034 | €91,745 | -€21,289 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,034 | €91,745 | -€21,289 | -18.8% |
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.