First of all, change this line : 
image = ImageIO.read(getClass().getClassLoader().getResource("resources/icon.gif"));
to this : 
image = ImageIO.read(getClass().getResource("/resources/icon.gif"));
More info, on as to where lies the difference between the two approaches, can be found on this thread - Different ways of loading a Resource
For Eclipse: 
For NetBeans: 
For IntelliJ IDEA:
- Right-Click the src Folder of the Project. Select New -> Package
- Under New Package Dialog, type name of the package, say resources. Click OK
- Right Click resources package. Select New -> Package
- Under New Package Dialog, type name of the package, say images. Click OK
- Now select the image that you want to add to the project, copy it. Right click resources.images package, inside the IDE, and select Paste
- Use the last link to check how to access this file now in Java code. Though for this example, one would be using  - getClass().getResource("/resources/images/myImage.imageExtension");
 
- Press Shift + F10, to make and run the project. The resources and images folders, will be created automatically inside the out folder. 
If you are doing it manually : 
QUICK REFERENCE CODE EXAMPLE(though for more detail consider, A little extra clarification link):
package swingtest;
import java.awt.*;
import java.awt.image.BufferedImage;
import java.io.IOException;
import javax.imageio.ImageIO;
import javax.swing.*;
/**
 * Created with IntelliJ IDEA.
 * User: Gagandeep Bali
 * Date: 7/1/14
 * Time: 9:44 AM
 * To change this template use File | Settings | File Templates.
 */
public class ImageExample {
    private MyPanel contentPane;
    private void displayGUI() {
        JFrame frame = new JFrame("Image Example");
        frame.setDefaultCloseOperation(JFrame.DISPOSE_ON_CLOSE);
        contentPane = new MyPanel();
        frame.setContentPane(contentPane);
        frame.pack();
        frame.setLocationByPlatform(true);
        frame.setVisible(true);
    }
    private class MyPanel extends JPanel {
        private BufferedImage image;
        public MyPanel() {
            try {
                image = ImageIO.read(MyPanel.class.getResource("/resources/images/planetbackground.jpg"));
            } catch (IOException ioe) {
                ioe.printStackTrace();
            }
        }
        @Override
        public Dimension getPreferredSize() {
            return image == null ? new Dimension(400, 300): new Dimension(image.getWidth(), image.getHeight());
        }
        @Override
        protected void paintComponent(Graphics g) {
            super.paintComponent(g);
            g.drawImage(image, 0, 0, this);
        }
    }
    public static void main(String[] args) {
        Runnable runnable = new Runnable() {
            @Override
            public void run() {
                new ImageExample().displayGUI();
            }
        };
        EventQueue.invokeLater(runnable);
    }
}