ICT-SQUARE: 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.
ICT-SQUARE
Largest movements
- Tangible fixed assets +€593,501
up €593,501 (+120%), from €492,878 to €1.1m
of which Land and buildings: +€519,416
- Financial fixed assets +€465,000
up €465,000 (+372,000%), from €125 to €465,125
- Receivables within one year +€376,009
up €376,009 (+315%), from €119,283 to €495,292
of which Other amounts receivable: +€395,901
- Cash +€246,662
up €246,662 (+121%), from €203,389 to €450,051
mainly Debts after one year (+€1.1m) and Other debts (+€747,961)
- Debts after one year +€1.1m
up €1.1m (+1,226%), from €88,657 to €1.2m
- Other debts +€747,961
up €747,961 (+16,779%), from €4,458 to €752,419
- Reserves -€322,284
down €322,284 (-63.6%), from €506,494 to €184,210
- Trade debts +€80,797
up €80,797 (+2,293%), from €3,524 to €84,321
- Current portion of long-term debt +€79,654
up €79,654 (+440%), from €18,108 to €97,762
- Gross operating margin +€191,090
up €191,090 (+31.4%), from €607,856 to €798,945
- Staff costs +€64,952
up €64,952 (+249%), from €26,087 to €91,039
- Depreciation +€43,097
up €43,097 (+55.0%), from €78,312 to €121,409
- Financial charges +€22,143
up €22,143 (+358%), from €6,191 to €28,334
- Taxes +€17,745
up €17,745 (+14.7%), from €120,812 to €138,557
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 | €818,353 | €2,506,754 | +€1.7m | +206% |
| Fixed assets | 21/28 | €493,003 | €1,551,503 | +€1.1m | +215% |
| Tangible fixed assets | 22/27 | €492,878 | €1,086,378 | +€593,501 | +120% |
| Land and buildings | 22 | €404,583 | €923,998 | +€519,416 | +128% |
| Furniture and vehicles | 24 | €66,325 | €47,648 | -€18,677 | -28.2% |
| Other tangible fixed assets | 26 | €21,970 | €114,732 | +€92,762 | +422% |
| Financial fixed assets | 28 | €125 | €465,125 | +€465,000 | +372,000% |
| Current assets | 29/58 | €325,351 | €955,250 | +€629,900 | +194% |
| Amounts receivable within one year | 40/41 | €119,283 | €495,292 | +€376,009 | +315% |
| Trade receivables | 40 | €119,283 | €99,390 | -€19,893 | -16.7% |
| Other amounts receivable | 41 | - | €395,901 | +€395,901 | |
| Cash at bank and in hand | 54/58 | €203,389 | €450,051 | +€246,662 | +121% |
| Deferred charges and accrued income | 490/1 | €2,678 | €9,907 | +€7,229 | +270% |
| Total equity and liabilities | 10/49 | €818,353 | €2,506,754 | +€1.7m | +206% |
| Equity | 10/15 | €509,494 | €187,210 | -€322,284 | -63.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €506,494 | €184,210 | -€322,284 | -63.6% |
| Distributable reserves | 133 | €506,494 | €184,210 | -€322,284 | -63.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €308,859 | €2,319,544 | +€2.0m | +651% |
| Amounts payable after more than one year | 17 | €88,657 | €1,175,754 | +€1.1m | +1,226% |
| Financial debts | 170/4 | €88,657 | €1,175,754 | +€1.1m | +1,226% |
| Amounts payable within one year | 42/48 | €219,932 | €1,143,789 | +€923,857 | +420% |
| Current portion of amounts payable after more than one year | 42 | €18,108 | €97,762 | +€79,654 | +440% |
| Trade debts | 44 | €3,524 | €84,321 | +€80,797 | +2,293% |
| Suppliers | 440/4 | €3,524 | €84,321 | +€80,797 | +2,293% |
| Taxes, remuneration and social security | 45 | €193,843 | €209,288 | +€15,445 | +8.0% |
| Taxes | 450/3 | €188,474 | €196,413 | +€7,939 | +4.2% |
| Remuneration and social security | 454/9 | €5,368 | €12,874 | +€7,506 | +140% |
| Other amounts payable | 47/48 | €4,458 | €752,419 | +€747,961 | +16,779% |
| Accrued charges and deferred income | 492/3 | €269 | €0 | -€269 | -100% |
| Remuneration, social security and pensions | 62 | €26,087 | €91,039 | +€64,952 | +249% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,312 | €121,409 | +€43,097 | +55.0% |
| Other operating charges | 640/8 | €1,671 | €6,877 | +€5,206 | +311% |
| Non-recurring operating charges | 66A | - | -€1,957 | -€1,957 | |
| Gross operating margin | 9900 | €607,856 | €798,945 | +€191,090 | +31.4% |
| Operating profit (loss) | 9901 | €501,785 | €581,577 | +€79,792 | +15.9% |
| Financial income | 75/76B | €3 | €13,159 | +€13,156 | +459,997% |
| Recurring financial income | 75 | €3 | €13,159 | +€13,156 | +459,997% |
| Financial charges | 65/66B | €6,191 | €28,334 | +€22,143 | +358% |
| Recurring financial charges | 65 | €6,191 | €28,334 | +€22,143 | +358% |
| Profit (loss) for the period before taxes | 9903 | €495,597 | €566,401 | +€70,804 | +14.3% |
| Income taxes | 67/77 | €120,812 | €138,557 | +€17,745 | +14.7% |
| Profit (loss) for the period | 9904 | €374,785 | €427,844 | +€53,059 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €374,785 | €427,844 | +€53,059 | +14.2% |
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 25 October 2026 via checked.be.