Industrie Commerce Technique: 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.
Industrie Commerce Technique
Largest movements
- Tangible fixed assets -€56,515
down €56,515 (-11.0%), from €515,136 to €458,621
of which Other tangible fixed assets: -€42,191
- Receivables within one year +€46,885
up €46,885 (+22.0%), from €213,492 to €260,377
of which Trade receivables: +€47,289
- Other debts +€36,961
up €36,961 (+27.8%), from €133,108 to €170,069
- Current portion of long-term debt -€30,000
no longer reported in 2025 (was €30,000)
- Tax, wage and social debts -€23,803
down €23,803 (-71.3%), from €33,399 to €9,595
of which Taxes: -€20,124
- Gross operating margin -€26,622
down €26,622 (-21.3%), from €125,071 to €98,449
- Taxes -€8,964
down €8,964 (-57.5%), from €15,603 to €6,639
- Depreciation +€3,528
up €3,528 (+6.7%), from €52,987 to €56,515
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 | €783,000 | €769,284 | -€13,717 | -1.8% |
| Fixed assets | 21/28 | €515,170 | €458,655 | -€56,515 | -11.0% |
| Tangible fixed assets | 22/27 | €515,136 | €458,621 | -€56,515 | -11.0% |
| Land and buildings | 22 | €301,030 | €287,903 | -€13,128 | -4.4% |
| Furniture and vehicles | 24 | €3,026 | €1,830 | -€1,196 | -39.5% |
| Other tangible fixed assets | 26 | €211,080 | €168,889 | -€42,191 | -20.0% |
| Financial fixed assets | 28 | €34 | €34 | = | 0.0% |
| Current assets | 29/58 | €267,830 | €310,628 | +€42,799 | +16.0% |
| Amounts receivable within one year | 40/41 | €213,492 | €260,377 | +€46,885 | +22.0% |
| Trade receivables | 40 | €152,989 | €200,279 | +€47,289 | +30.9% |
| Other amounts receivable | 41 | €60,503 | €60,098 | -€405 | -0.7% |
| Current investments | 50/53 | €45,590 | €45,829 | +€239 | +0.5% |
| Cash at bank and in hand | 54/58 | €7,521 | €3,127 | -€4,394 | -58.4% |
| Deferred charges and accrued income | 490/1 | €1,226 | €1,294 | +€69 | +5.6% |
| Total equity and liabilities | 10/49 | €783,000 | €769,284 | -€13,717 | -1.8% |
| Equity | 10/15 | €580,328 | €585,338 | +€5,009 | +0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €43,327 | €48,337 | +€5,009 | +11.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €37,127 | €42,137 | +€5,009 | +13.5% |
| Profit (loss) carried forward | 14 | €475,001 | €475,001 | = | 0.0% |
| Amounts payable | 17/49 | €202,672 | €183,946 | -€18,726 | -9.2% |
| Amounts payable within one year | 42/48 | €202,672 | €183,946 | -€18,726 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €6,165 | €4,281 | -€1,884 | -30.6% |
| Suppliers | 440/4 | €6,165 | €4,281 | -€1,884 | -30.6% |
| Taxes, remuneration and social security | 45 | €33,399 | €9,595 | -€23,803 | -71.3% |
| Taxes | 450/3 | €29,719 | €9,595 | -€20,124 | -67.7% |
| Remuneration and social security | 454/9 | €3,680 | - | -€3,680 | |
| Other amounts payable | 47/48 | €133,108 | €170,069 | +€36,961 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,987 | €56,515 | +€3,528 | +6.7% |
| Other operating charges | 640/8 | €3,124 | €2,463 | -€661 | -21.2% |
| Gross operating margin | 9900 | €125,071 | €98,449 | -€26,622 | -21.3% |
| Operating profit (loss) | 9901 | €68,961 | €39,472 | -€29,489 | -42.8% |
| Financial income | 75/76B | €125 | €274 | +€149 | +120% |
| Recurring financial income | 75 | €125 | €274 | +€149 | +120% |
| Financial charges | 65/66B | €10,356 | €11,098 | +€743 | +7.2% |
| Recurring financial charges | 65 | €10,356 | €11,098 | +€743 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €58,730 | €28,648 | -€30,082 | -51.2% |
| Income taxes | 67/77 | €15,603 | €6,639 | -€8,964 | -57.5% |
| Profit (loss) for the period | 9904 | €43,127 | €22,009 | -€21,118 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,127 | €22,009 | -€21,118 | -49.0% |
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 19 October 2026 via checked.be.