The following comments by the Board of Directors on the annual financial statements are intended to give a true and fair view of the situation of the association and its business.
Balance sheet
Assets
Total assets amounted to €21,039,775, compared with €18,230,326 the previous year. This was mainly due to an increase in current assets: higher inventories and trade receivables.
The depreciation of fixed assets continuesd and, as in 2023, decreased steadily.
Liabilities
Total liabilities amounted to €21,039,775, compared with €18,230,326 the previous year. 2024 closed with a profit and, consequently, an increase in the association's equity.
Income statement
The financial year closed with a profit of €109,428, compared with a profit of €198,804 the previous year.
The balance sheet structure is therefore fairly healthy, with shareholders' equity and long-term debt well in excess of fixed assets.
Sales amounted to €71,987,721, compared with €62,898,662 the previous year. This reflects an acceleration in the delivery of products and services, mainly for the City of Brussels and the CPAS
2024 balance sheet after appropriation in euros
Income statement in euros
Business trends and results
i-CITY's activities are constantly expanding to meet the growing need for IT solutions for the City of Brussels and other customers.
In 2024, activities steadily increase to meet the growing need for IT solutions for the City of Brussels and other not-for-profit organisations.
