IKCON: 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.
What changed
IKCON
NACE 46.649, Wholesale of other machinery and equipment
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€96,609
2023 · -€80,321-€16,287
Equity
€360,779
2023 · €457,387-€96,609
Cash
€7,911
2023 · €12,556-€4,645
Balance sheet total
€2.4m
2023 · €1.5m+€966,065
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+209%), from €675,077 to €2.1m
of which Land and buildings: +€1.6m
- Receivables within one year -€447,362
down €447,362 (-67.9%), from €658,823 to €211,461
of which Trade receivables: -€444,458
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+327%), from €398,972 to €1.7m
- Trade debts -€212,370
down €212,370 (-90.9%), from €233,526 to €21,156
- Profit (loss) carried forward -€59,046
down €59,046 (-14.3%), from €413,006 to €353,960
- Reserves -€37,563
down €37,563 (-98.8%), from €38,026 to €463
of which Tax-exempt reserves: -€37,563
- Debts after one year -€29,182
down €29,182 (-9.0%), from €322,458 to €293,277
Income statement
- Purchases and services -€161,197
no longer reported in 2024 (was €161,197)
- Gross operating margin +€60,481
up €60,481, from -€4,745 to €55,736
- Depreciation +€43,260
up €43,260 (+84.2%), from €51,398 to €94,658
- Taxes +€37,920
up €37,920 (+3,115%), from €1,217 to €39,137
- Financial charges -€5,202
down €5,202 (-47.2%), from €11,009 to €5,807
From the 2023 result to the 2024 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.
Result 2023
-€80,321
Gross operating margin
+€60,481
Staff costs
+€960
Depreciation
-€43,260
Other operating charges
+€994
Other operating items
-€8,874
Financial income
-€1,532
Financial charges
+€5,202
Taxes
-€37,920
Deferred taxes and other
+€7,662
Result 2024
-€96,609
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.5m
Investment
-€1.5m
Financing
-€28,861
Cash 2023
€12,556
From operations (derived)
+€1.5m
Net result for the year
-€96,609
Depreciation
+€94,658
Receivables within one year
+€447,362
Deferred charges and accrued income
-€4,692
Provisions
-€10,219
Trade debts
-€212,370
Tax, wage and social debts
+€9,617
Other debts
+€1.3m
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€28,861
Debts after one year
-€29,182
Current portion of long-term debt
+€309
Short-term financial debts
+€11
Cash 2024
€7,911
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,463,786 | €2,429,852 | +€966,065 | +66.0% |
| Fixed assets | 21/28 | €781,678 | €2,195,059 | +€1.4m | +181% |
| Tangible fixed assets | 22/27 | €675,077 | €2,088,458 | +€1.4m | +209% |
| Land and buildings | 22 | €484,356 | €2,055,678 | +€1.6m | +324% |
| Plant, machinery and equipment | 23 | €112,854 | €18,427 | -€94,426 | -83.7% |
| Furniture and vehicles | 24 | €77,868 | €4,808 | -€73,059 | -93.8% |
| Other tangible fixed assets | 26 | - | €9,544 | +€9,544 | |
| Financial fixed assets | 28 | €106,601 | €106,601 | = | 0.0% |
| Current assets | 29/58 | €682,108 | €234,793 | -€447,316 | -65.6% |
| Amounts receivable within one year | 40/41 | €658,823 | €211,461 | -€447,362 | -67.9% |
| Trade receivables | 40 | €455,792 | €11,334 | -€444,458 | -97.5% |
| Other amounts receivable | 41 | €203,030 | €200,127 | -€2,903 | -1.4% |
| Cash at bank and in hand | 54/58 | €12,556 | €7,911 | -€4,645 | -37.0% |
| Deferred charges and accrued income | 490/1 | €10,730 | €15,421 | +€4,692 | +43.7% |
| Total equity and liabilities | 10/49 | €1,463,786 | €2,429,852 | +€966,065 | +66.0% |
| Equity | 10/15 | €457,387 | €360,779 | -€96,609 | -21.1% |
| Contributions | 10/11 | €6,355 | €6,355 | = | 0.0% |
| Contributions outside capital | 11 | €6,355 | - | -€6,355 | |
| Other | 1109/19 | €6,355 | - | -€6,355 | |
| Reserves | 13 | €38,026 | €463 | -€37,563 | -98.8% |
| Non-distributable reserves | 130/1 | €463 | €463 | = | 0.0% |
| Reserves not available under the articles | 1311 | €463 | €463 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,563 | €0 | -€37,563 | -100% |
| Profit (loss) carried forward | 14 | €413,006 | €353,960 | -€59,046 | -14.3% |
| Provisions and deferred taxes | 16 | €10,219 | €0 | -€10,219 | -100% |
| Deferred taxes | 168 | €10,219 | €0 | -€10,219 | -100% |
| Amounts payable | 17/49 | €996,179 | €2,069,073 | +€1.1m | +108% |
| Amounts payable after more than one year | 17 | €322,458 | €293,277 | -€29,182 | -9.0% |
| Financial debts | 170/4 | €322,458 | €293,277 | -€29,182 | -9.0% |
| Amounts payable within one year | 42/48 | €673,721 | €1,775,796 | +€1.1m | +164% |
| Current portion of amounts payable after more than one year | 42 | €28,873 | €29,182 | +€309 | +1.1% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €233,526 | €21,156 | -€212,370 | -90.9% |
| Suppliers | 440/4 | €233,526 | €21,156 | -€212,370 | -90.9% |
| Taxes, remuneration and social security | 45 | €12,351 | €21,967 | +€9,617 | +77.9% |
| Taxes | 450/3 | €6,076 | €21,967 | +€15,891 | +262% |
| Remuneration and social security | 454/9 | €6,274 | €0 | -€6,274 | -100% |
| Other amounts payable | 47/48 | €398,972 | €1,703,479 | +€1.3m | +327% |
| Goods, raw materials, services and sundry goods | 60/61 | €161,197 | - | -€161,197 | |
| Remuneration, social security and pensions | 62 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,398 | €94,658 | +€43,260 | +84.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €15,091 | €14,097 | -€994 | -6.6% |
| Non-recurring operating charges | 66A | - | €8,874 | +€8,874 | |
| Gross operating margin | 9900 | -€4,745 | €55,736 | +€60,481 | |
| Operating profit (loss) | 9901 | -€72,194 | -€61,893 | +€10,301 | +14.3% |
| Financial income | 75/76B | €1,542 | €10 | -€1,532 | -99.4% |
| Recurring financial income | 75 | €1,542 | €10 | -€1,532 | -99.4% |
| Financial charges | 65/66B | €11,009 | €5,807 | -€5,202 | -47.2% |
| Recurring financial charges | 65 | €11,009 | €5,807 | -€5,202 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | -€81,661 | -€67,691 | +€13,970 | +17.1% |
| Transfer from deferred taxes | 780 | €2,557 | €10,219 | +€7,662 | +300% |
| Income taxes | 67/77 | €1,217 | €39,137 | +€37,920 | +3,115% |
| Profit (loss) for the period | 9904 | -€80,321 | -€96,609 | -€16,287 | -20.3% |
| Transfer from tax-exempt reserves | 789 | €9,400 | €37,563 | +€28,163 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,921 | -€59,046 | +€11,875 | +16.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.