IGOR ARICKX: 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.
IGOR ARICKX
Largest movements
- Receivables within one year +€20,278
up €20,278 (+41.7%), from €48,608 to €68,886
of which Trade receivables: +€20,542
- Cash -€9,046
no longer reported in 2025 (was €9,046)
mainly Receivables within one year (-€20,278) and Current portion of long-term debt (-€1,360)
- Tangible fixed assets -€2,640
down €2,640 (-95.6%), from €2,762 to €123
of which Furniture and vehicles: -€2,397
- Short-term financial debts +€4,522
new in 2025: €4,522
- Other debts +€4,200
up €4,200 (+27.4%), from €15,302 to €19,502
- Profit (loss) carried forward +€2,004
up €2,004 (+15.1%), from €13,232 to €15,237
- Current portion of long-term debt -€1,360
no longer reported in 2025 (was €1,360)
- Gross operating margin -€6,184
down €6,184 (-48.8%), from €12,683 to €6,499
- Depreciation -€3,364
down €3,364 (-56.0%), from €6,003 to €2,640
- Taxes -€606
down €606 (-49.7%), from €1,219 to €613
- Financial charges +€227
up €227 (+228%), from €100 to €327
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 | €60,948 | €69,399 | +€8,451 | +13.9% |
| Fixed assets | 21/28 | €3,152 | €513 | -€2,640 | -83.7% |
| Tangible fixed assets | 22/27 | €2,762 | €123 | -€2,640 | -95.6% |
| Plant, machinery and equipment | 23 | €365 | €123 | -€243 | -66.4% |
| Furniture and vehicles | 24 | €2,397 | - | -€2,397 | |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €57,795 | €68,886 | +€11,091 | +19.2% |
| Amounts receivable within one year | 40/41 | €48,608 | €68,886 | +€20,278 | +41.7% |
| Trade receivables | 40 | €48,113 | €68,655 | +€20,542 | +42.7% |
| Other amounts receivable | 41 | €494 | €231 | -€263 | -53.3% |
| Cash at bank and in hand | 54/58 | €9,046 | - | -€9,046 | |
| Deferred charges and accrued income | 490/1 | €142 | - | -€142 | |
| Total equity and liabilities | 10/49 | €60,948 | €69,399 | +€8,451 | +13.9% |
| Equity | 10/15 | €39,492 | €41,497 | +€2,004 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,232 | €15,237 | +€2,004 | +15.1% |
| Amounts payable | 17/49 | €21,456 | €27,902 | +€6,447 | +30.0% |
| Amounts payable within one year | 42/48 | €21,456 | €27,902 | +€6,447 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €1,360 | - | -€1,360 | |
| Financial debts | 43 | - | €4,522 | +€4,522 | |
| Credit institutions | 430/8 | - | €4,522 | +€4,522 | |
| Trade debts | 44 | €3,556 | €3,260 | -€296 | -8.3% |
| Suppliers | 440/4 | €3,556 | €3,260 | -€296 | -8.3% |
| Taxes, remuneration and social security | 45 | €1,237 | €619 | -€619 | -50.0% |
| Taxes | 450/3 | €1,237 | €619 | -€619 | -50.0% |
| Other amounts payable | 47/48 | €15,302 | €19,502 | +€4,200 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,003 | €2,640 | -€3,364 | -56.0% |
| Other operating charges | 640/8 | €900 | €915 | +€15 | +1.7% |
| Gross operating margin | 9900 | €12,683 | €6,499 | -€6,184 | -48.8% |
| Operating profit (loss) | 9901 | €5,780 | €2,944 | -€2,836 | -49.1% |
| Financial charges | 65/66B | €100 | €327 | +€227 | +228% |
| Recurring financial charges | 65 | €100 | €327 | +€227 | +228% |
| Profit (loss) for the period before taxes | 9903 | €5,680 | €2,617 | -€3,063 | -53.9% |
| Income taxes | 67/77 | €1,219 | €613 | -€606 | -49.7% |
| Profit (loss) for the period | 9904 | €4,462 | €2,004 | -€2,457 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,462 | €2,004 | -€2,457 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.