IKCON: what changed
What changed
IKCON
NACE 46.649, Wholesale of other machinery and equipment
filed 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
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises 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
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it 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% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.