Project ickX: 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.
Project ickX
Largest movements
- Stocks and contracts +€40,000
new in 2024: €40,000
- Receivables within one year -€14,363
down €14,363 (-13.1%), from €109,999 to €95,636
of which Trade receivables: -€12,535
- Tangible fixed assets -€8,693
down €8,693 (-11.3%), from €76,800 to €68,107
of which Furniture and vehicles: -€6,361
- Cash +€4,818
up €4,818 (+464.6%), from €1,037 to €5,856
mainly Net result for the year (+€34,899) and Trade debts (+€31,563)
- Other debts -€48,376
down €48,376 (-82.9%), from €58,349 to €9,973
- Profit (loss) carried forward +€34,899
up €34,899 (+42.2%), from -€82,636 to -€47,737
- Trade debts +€31,563
up €31,563 (+38.1%), from €82,878 to €114,441
- Tax, wage and social debts +€12,227
up €12,227 (+164.5%), from €7,432 to €19,659
of which Taxes: +€7,900
- Debts after one year -€9,132
down €9,132 (-26.1%), from €34,950 to €25,817
- Gross operating margin +€66,449
up €66,449 (+127.9%), from €51,970 to €118,419
- Other operating charges +€32,974
up €32,974 (+3780.2%), from €872 to €33,847
- Staff costs +€14,275
new in 2024: €14,275
- Depreciation +€9,974
up €9,974 (+94.1%), from €10,603 to €20,577
- Taxes +€7,338
up €7,338 (+101.6%), from €7,222 to €14,560
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,386 | €212,582 | +€22,196 | +11.7% |
| Fixed assets | 21/28 | €76,800 | €68,107 | -€8,693 | -11.3% |
| Tangible fixed assets | 22/27 | €76,800 | €68,107 | -€8,693 | -11.3% |
| Plant, machinery and equipment | 23 | €31,015 | €28,683 | -€2,332 | -7.5% |
| Furniture and vehicles | 24 | €45,785 | €39,424 | -€6,361 | -13.9% |
| Current assets | 29/58 | €113,586 | €144,475 | +€30,889 | +27.2% |
| Stocks and contracts in progress | 3 | - | €40,000 | +€40,000 | |
| Stocks | 30/36 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €109,999 | €95,636 | -€14,363 | -13.1% |
| Trade receivables | 40 | €98,069 | €85,533 | -€12,535 | -12.8% |
| Other amounts receivable | 41 | €11,930 | €10,102 | -€1,828 | -15.3% |
| Cash at bank and in hand | 54/58 | €1,037 | €5,856 | +€4,818 | +464.6% |
| Deferred charges and accrued income | 490/1 | €2,550 | €2,983 | +€433 | +17.0% |
| Total equity and liabilities | 10/49 | €190,386 | €212,582 | +€22,196 | +11.7% |
| Equity | 10/15 | -€62,636 | -€27,737 | +€34,899 | +55.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,636 | -€47,737 | +€34,899 | +42.2% |
| Amounts payable | 17/49 | €253,022 | €240,319 | -€12,703 | -5.0% |
| Amounts payable after more than one year | 17 | €34,950 | €25,817 | -€9,132 | -26.1% |
| Financial debts | 170/4 | €34,950 | €25,817 | -€9,132 | -26.1% |
| Amounts payable within one year | 42/48 | €157,346 | €153,204 | -€4,141 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €8,687 | €9,132 | +€445 | +5.1% |
| Trade debts | 44 | €82,878 | €114,441 | +€31,563 | +38.1% |
| Suppliers | 440/4 | €82,878 | €114,441 | +€31,563 | +38.1% |
| Taxes, remuneration and social security | 45 | €7,432 | €19,659 | +€12,227 | +164.5% |
| Taxes | 450/3 | €7,432 | €15,332 | +€7,900 | +106.3% |
| Remuneration and social security | 454/9 | - | €4,327 | +€4,327 | |
| Other amounts payable | 47/48 | €58,349 | €9,973 | -€48,376 | -82.9% |
| Accrued charges and deferred income | 492/3 | €60,727 | €61,297 | +€570 | +0.9% |
| Remuneration, social security and pensions | 62 | - | €14,275 | +€14,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,603 | €20,577 | +€9,974 | +94.1% |
| Other operating charges | 640/8 | €872 | €33,847 | +€32,974 | +3780.2% |
| Gross operating margin | 9900 | €51,970 | €118,419 | +€66,449 | +127.9% |
| Operating profit (loss) | 9901 | €40,494 | €49,720 | +€9,226 | +22.8% |
| Financial income | 75/76B | €1 | €2,437 | +€2,436 | +194840.8% |
| Recurring financial income | 75 | €1 | €2,437 | +€2,436 | +194840.8% |
| Financial charges | 65/66B | €9,259 | €2,698 | -€6,561 | -70.9% |
| Recurring financial charges | 65 | €9,259 | €2,698 | -€6,561 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €31,236 | €49,458 | +€18,222 | +58.3% |
| Income taxes | 67/77 | €7,222 | €14,560 | +€7,338 | +101.6% |
| Profit (loss) for the period | 9904 | €24,015 | €34,899 | +€10,884 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,015 | €34,899 | +€10,884 | +45.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.