BS-ITC: 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.
BS-ITC
Largest movements
- Receivables within one year +€6,544
up €6,544 (+529%), from €1,236 to €7,780
of which Trade receivables: +€6,536
- Cash +€5,450
up €5,450 (+63.6%), from €8,572 to €14,022
mainly Net result for the year (+€18,486) and Tax, wage and social debts (+€8,824)
- Reserves +€18,486
up €18,486 (+32.1%), from €57,662 to €76,149
- Debts after one year -€13,472
down €13,472 (-49.1%), from €27,451 to €13,979
- Other debts -€12,036
down €12,036 (-60.3%), from €19,972 to €7,936
- Tax, wage and social debts +€8,824
up €8,824 (+55.4%), from €15,915 to €24,739
- Trade debts +€7,163
up €7,163 (+455%), from €1,574 to €8,737
- Taxes +€653
up €653 (+6.8%), from €9,639 to €10,292
- Financial charges -€472
down €472 (-25.0%), from €1,885 to €1,413
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 | €140,623 | €152,317 | +€11,695 | +8.3% |
| Fixed assets | 21/28 | €130,815 | €130,515 | -€300 | -0.2% |
| Tangible fixed assets | 22/27 | €815 | €515 | -€300 | -36.8% |
| Plant, machinery and equipment | 23 | €815 | €515 | -€300 | -36.8% |
| Financial fixed assets | 28 | €130,000 | €130,000 | = | 0.0% |
| Current assets | 29/58 | €9,808 | €21,803 | +€11,995 | +122% |
| Amounts receivable within one year | 40/41 | €1,236 | €7,780 | +€6,544 | +529% |
| Trade receivables | 40 | €1,236 | €7,772 | +€6,536 | +529% |
| Other amounts receivable | 41 | - | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €8,572 | €14,022 | +€5,450 | +63.6% |
| Total equity and liabilities | 10/49 | €140,623 | €152,317 | +€11,695 | +8.3% |
| Equity | 10/15 | €62,662 | €81,149 | +€18,486 | +29.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,662 | €76,149 | +€18,486 | +32.1% |
| Distributable reserves | 133 | €57,662 | €76,149 | +€18,486 | +32.1% |
| Amounts payable | 17/49 | €77,961 | €71,169 | -€6,792 | -8.7% |
| Amounts payable after more than one year | 17 | €27,451 | €13,979 | -€13,472 | -49.1% |
| Financial debts | 170/4 | €27,451 | €13,979 | -€13,472 | -49.1% |
| Amounts payable within one year | 42/48 | €50,444 | €54,884 | +€4,440 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €12,983 | €13,472 | +€489 | +3.8% |
| Trade debts | 44 | €1,574 | €8,737 | +€7,163 | +455% |
| Suppliers | 440/4 | €1,574 | €8,737 | +€7,163 | +455% |
| Taxes, remuneration and social security | 45 | €15,915 | €24,739 | +€8,824 | +55.4% |
| Taxes | 450/3 | €15,915 | €24,739 | +€8,824 | +55.4% |
| Other amounts payable | 47/48 | €19,972 | €7,936 | -€12,036 | -60.3% |
| Accrued charges and deferred income | 492/3 | €66 | €2,306 | +€2,240 | +3,410% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €300 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €744 | +€216 | +40.9% |
| Gross operating margin | 9900 | €31,418 | €31,235 | -€183 | -0.6% |
| Operating profit (loss) | 9901 | €30,591 | €30,192 | -€399 | -1.3% |
| Financial charges | 65/66B | €1,885 | €1,413 | -€472 | -25.0% |
| Recurring financial charges | 65 | €1,885 | €1,413 | -€472 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €28,705 | €28,778 | +€73 | +0.3% |
| Income taxes | 67/77 | €9,639 | €10,292 | +€653 | +6.8% |
| Profit (loss) for the period | 9904 | €19,066 | €18,486 | -€580 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,066 | €18,486 | -€580 | -3.0% |
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 22 October 2026 via checked.be.