M-ICT: what changed
Two fiscal 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.
M-ICT
Largest movements
- Cash -€4,427
down €4,427 (-39.6%), from €11,181 to €6,754
mainly Net result for the year (-€6,273) and Other debts (-€3,338)
- Tangible fixed assets -€3,254
down €3,254 (-24.2%), from €13,460 to €10,206
- Receivables within one year -€907
down €907 (-4.9%), from €18,689 to €17,782
of which Trade receivables: -€1,838
- Profit (loss) carried forward -€6,273
down €6,273, from €1,923 to -€4,350
- Other debts -€3,338
down €3,338 (-18.0%), from €18,532 to €15,193
- Tax, wage and social debts +€1,140
up €1,140 (+64.2%), from €1,776 to €2,915
- Gross operating margin -€17,983
down €17,983, from €15,220 to -€2,763
- Taxes -€4,114
down €4,114 (-96.0%), from €4,286 to €172
- Depreciation +€1,675
up €1,675 (+106.0%), from €1,580 to €3,254
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.
Cash bridge derived
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 | €43,538 | €34,869 | -€8,669 | -19.9% |
| Fixed assets | 21/28 | €13,460 | €10,206 | -€3,254 | -24.2% |
| Tangible fixed assets | 22/27 | €13,460 | €10,206 | -€3,254 | -24.2% |
| Furniture and vehicles | 24 | €13,460 | €10,206 | -€3,254 | -24.2% |
| Current assets | 29/58 | €30,078 | €24,663 | -€5,415 | -18.0% |
| Amounts receivable within one year | 40/41 | €18,689 | €17,782 | -€907 | -4.9% |
| Trade receivables | 40 | €15,620 | €13,782 | -€1,838 | -11.8% |
| Other amounts receivable | 41 | €3,069 | €4,000 | +€931 | +30.3% |
| Cash at bank and in hand | 54/58 | €11,181 | €6,754 | -€4,427 | -39.6% |
| Deferred charges and accrued income | 490/1 | €208 | €127 | -€81 | -38.9% |
| Total equity and liabilities | 10/49 | €43,538 | €34,869 | -€8,669 | -19.9% |
| Equity | 10/15 | €19,923 | €13,650 | -€6,273 | -31.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,923 | -€4,350 | -€6,273 | |
| Amounts payable | 17/49 | €23,616 | €21,220 | -€2,396 | -10.1% |
| Amounts payable within one year | 42/48 | €23,616 | €21,220 | -€2,396 | -10.1% |
| Trade debts | 44 | €3,308 | €3,111 | -€198 | -6.0% |
| Suppliers | 440/4 | €3,308 | €3,111 | -€198 | -6.0% |
| Taxes, remuneration and social security | 45 | €1,776 | €2,915 | +€1,140 | +64.2% |
| Taxes | 450/3 | €1,776 | €2,915 | +€1,140 | +64.2% |
| Other amounts payable | 47/48 | €18,532 | €15,193 | -€3,338 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,580 | €3,254 | +€1,675 | +106.0% |
| Gross operating margin | 9900 | €15,220 | -€2,763 | -€17,983 | |
| Operating profit (loss) | 9901 | €13,641 | -€6,017 | -€19,658 | |
| Financial income | 75/76B | €55 | - | -€55 | |
| Recurring financial income | 75 | €55 | - | -€55 | |
| Financial charges | 65/66B | €212 | €84 | -€127 | -60.2% |
| Recurring financial charges | 65 | €212 | €84 | -€127 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €13,484 | -€6,101 | -€19,585 | |
| Income taxes | 67/77 | €4,286 | €172 | -€4,114 | -96.0% |
| Profit (loss) for the period | 9904 | €9,198 | -€6,273 | -€15,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,198 | -€6,273 | -€15,471 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.