Ice18 Studios: 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.
Ice18 Studios
Largest movements
- Cash +€15,406
up €15,406 (+541%), from €2,848 to €18,254
mainly Net result for the year (+€21,763) and Receivables within one year (+€4,176)
- Tangible fixed assets +€9,238
up €9,238 (+492%), from €1,876 to €11,114
- Receivables within one year -€4,176
down €4,176 (-38.4%), from €10,889 to €6,713
of which Trade receivables: -€8,769
- Profit (loss) carried forward +€21,763
up €21,763 (+246%), from €8,849 to €30,612
- Tax, wage and social debts -€1,769
no longer reported in 2025 (was €1,769)
of which Remuneration and social security: -€1,009
- Trade debts +€388
up €388 (+101%), from €386 to €774
- Gross operating margin +€31,169
up €31,169, from -€1,543 to €29,626
- Taxes +€5,211
up €5,211, from -€45 to €5,166
- Financial charges +€837
up €837 (+504%), from €166 to €1,003
- Depreciation -€487
down €487 (-23.2%), from €2,101 to €1,614
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 | €16,159 | €36,549 | +€20,390 | +126% |
| Fixed assets | 21/28 | €1,876 | €11,114 | +€9,238 | +492% |
| Tangible fixed assets | 22/27 | €1,876 | €11,114 | +€9,238 | +492% |
| Furniture and vehicles | 24 | €1,876 | €11,114 | +€9,238 | +492% |
| Current assets | 29/58 | €14,283 | €25,435 | +€11,152 | +78.1% |
| Amounts receivable within one year | 40/41 | €10,889 | €6,713 | -€4,176 | -38.4% |
| Trade receivables | 40 | €9,889 | €1,120 | -€8,769 | -88.7% |
| Other amounts receivable | 41 | €1,000 | €5,593 | +€4,593 | +459% |
| Cash at bank and in hand | 54/58 | €2,848 | €18,254 | +€15,406 | +541% |
| Deferred charges and accrued income | 490/1 | €546 | €468 | -€78 | -14.3% |
| Total equity and liabilities | 10/49 | €16,159 | €36,549 | +€20,390 | +126% |
| Equity | 10/15 | €13,849 | €35,612 | +€21,763 | +157% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,849 | €30,612 | +€21,763 | +246% |
| Amounts payable | 17/49 | €2,310 | €937 | -€1,373 | -59.4% |
| Amounts payable within one year | 42/48 | €2,310 | €937 | -€1,373 | -59.4% |
| Trade debts | 44 | €386 | €774 | +€388 | +101% |
| Suppliers | 440/4 | €386 | €774 | +€388 | +101% |
| Taxes, remuneration and social security | 45 | €1,769 | - | -€1,769 | |
| Taxes | 450/3 | €760 | - | -€760 | |
| Remuneration and social security | 454/9 | €1,009 | - | -€1,009 | |
| Other amounts payable | 47/48 | €155 | €163 | +€8 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €1,614 | -€487 | -23.2% |
| Other operating charges | 640/8 | €80 | €80 | = | 0.0% |
| Gross operating margin | 9900 | -€1,543 | €29,626 | +€31,169 | |
| Operating profit (loss) | 9901 | -€3,724 | €27,932 | +€31,656 | |
| Financial charges | 65/66B | €166 | €1,003 | +€837 | +504% |
| Recurring financial charges | 65 | €166 | €1,003 | +€837 | +504% |
| Profit (loss) for the period before taxes | 9903 | -€3,890 | €26,929 | +€30,819 | |
| Income taxes | 67/77 | -€45 | €5,166 | +€5,211 | |
| Profit (loss) for the period | 9904 | -€3,845 | €21,763 | +€25,608 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,845 | €21,763 | +€25,608 |
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 17 October 2026 via checked.be.