N-ICE CLEAN: 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.
N-ICE CLEAN
Largest movements
- Tangible fixed assets +€318,453
up €318,453 (+27.0%), from €1.2m to €1.5m
of which Plant, machinery and equipment: +€404,184
- Receivables within one year +€27,206
up €27,206 (+9.0%), from €302,212 to €329,418
of which Trade receivables: +€30,305
- Debts after one year +€249,351
up €249,351 (+36.7%), from €678,880 to €928,231
- Trade debts +€156,263
up €156,263 (+162%), from €96,382 to €252,645
- Other debts -€30,310
down €30,310 (-97.0%), from €31,258 to €948
- Current portion of long-term debt +€25,694
up €25,694 (+20.6%), from €124,866 to €150,560
- Gross operating margin -€99,093
down €99,093 (-19.4%), from €510,605 to €411,512
- Staff costs -€27,095
down €27,095 (-21.6%), from €125,626 to €98,531
- Taxes -€24,280
down €24,280 (-99.3%), from €24,461 to €181
- Depreciation +€11,393
up €11,393 (+4.4%), from €258,397 to €269,790
- Financial charges +€9,996
up €9,996 (+41.8%), from €23,907 to €33,903
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 | €1,893,429 | €2,274,419 | +€380,990 | +20.1% |
| Fixed assets | 21/28 | €1,183,690 | €1,513,820 | +€330,130 | +27.9% |
| Tangible fixed assets | 22/27 | €1,181,555 | €1,500,009 | +€318,453 | +27.0% |
| Land and buildings | 22 | €590,046 | €537,159 | -€52,888 | -9.0% |
| Plant, machinery and equipment | 23 | €501,931 | €906,115 | +€404,184 | +80.5% |
| Furniture and vehicles | 24 | €89,578 | €56,734 | -€32,843 | -36.7% |
| Financial fixed assets | 28 | €2,135 | €13,812 | +€11,677 | +547% |
| Current assets | 29/58 | €709,739 | €760,599 | +€50,860 | +7.2% |
| Stocks and contracts in progress | 3 | €61,738 | €61,738 | = | 0.0% |
| Stocks | 30/36 | €61,738 | €61,738 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €302,212 | €329,418 | +€27,206 | +9.0% |
| Trade receivables | 40 | €272,336 | €302,640 | +€30,305 | +11.1% |
| Other amounts receivable | 41 | €29,876 | €26,777 | -€3,098 | -10.4% |
| Current investments | 50/53 | €150,687 | €168,687 | +€18,000 | +11.9% |
| Cash at bank and in hand | 54/58 | €188,613 | €195,630 | +€7,017 | +3.7% |
| Deferred charges and accrued income | 490/1 | €6,489 | €5,126 | -€1,363 | -21.0% |
| Total equity and liabilities | 10/49 | €1,893,429 | €2,274,419 | +€380,990 | +20.1% |
| Equity | 10/15 | €935,372 | €933,644 | -€1,728 | -0.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €298,966 | €298,966 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €292,769 | €292,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | €574,432 | €572,704 | -€1,728 | -0.3% |
| Amounts payable | 17/49 | €958,057 | €1,340,775 | +€382,718 | +39.9% |
| Amounts payable after more than one year | 17 | €678,880 | €928,231 | +€249,351 | +36.7% |
| Financial debts | 170/4 | €678,880 | €928,231 | +€249,351 | +36.7% |
| Amounts payable within one year | 42/48 | €279,176 | €412,543 | +€133,367 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €124,866 | €150,560 | +€25,694 | +20.6% |
| Trade debts | 44 | €96,382 | €252,645 | +€156,263 | +162% |
| Suppliers | 440/4 | €96,382 | €252,645 | +€156,263 | +162% |
| Taxes, remuneration and social security | 45 | €26,670 | €8,389 | -€18,280 | -68.5% |
| Taxes | 450/3 | €18,353 | €108 | -€18,245 | -99.4% |
| Remuneration and social security | 454/9 | €8,317 | €8,282 | -€35 | -0.4% |
| Other amounts payable | 47/48 | €31,258 | €948 | -€30,310 | -97.0% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €125,626 | €98,531 | -€27,095 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,397 | €269,790 | +€11,393 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,645 | +€4,645 | |
| Other operating charges | 640/8 | €13,427 | €13,775 | +€348 | +2.6% |
| Gross operating margin | 9900 | €510,605 | €411,512 | -€99,093 | -19.4% |
| Operating profit (loss) | 9901 | €113,154 | €24,771 | -€88,383 | -78.1% |
| Financial income | 75/76B | €3,101 | €7,585 | +€4,484 | +145% |
| Recurring financial income | 75 | €3,101 | €7,585 | +€4,484 | +145% |
| Financial charges | 65/66B | €23,907 | €33,903 | +€9,996 | +41.8% |
| Recurring financial charges | 65 | €23,907 | €33,903 | +€9,996 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €92,349 | -€1,547 | -€93,896 | |
| Income taxes | 67/77 | €24,461 | €181 | -€24,280 | -99.3% |
| Profit (loss) for the period | 9904 | €67,889 | -€1,728 | -€69,616 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,889 | -€1,728 | -€69,616 |
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 18 October 2026 via checked.be.