E.C.-ITS: 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.
E.C.-ITS
Largest movements
- Cash +€91,561
up €91,561 (+42.5%), from €215,459 to €307,020
mainly Net result for the year (+€93,688) and Other debts (+€56,885)
- Receivables within one year -€15,732
down €15,732 (-16.7%), from €94,078 to €78,346
of which Other amounts receivable: -€33,528
- Receivables after one year -€14,941
down €14,941 (-16.4%), from €91,342 to €76,401
- Other debts +€56,885
up €56,885 (+127%), from €44,650 to €101,535
- Tax, wage and social debts +€18,071
up €18,071 (+41.5%), from €43,516 to €61,588
of which Taxes: +€24,106
- Reserves -€14,312
down €14,312 (-4.8%), from €295,817 to €281,505
of which Distributable reserves: -€14,312
- Gross operating margin +€32,661
up €32,661 (+32.3%), from €101,170 to €133,831
- Taxes +€10,677
up €10,677 (+37.4%), from €28,577 to €39,254
- Financial charges +€2,158
up €2,158 (+447%), from €483 to €2,641
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 | €403,717 | €467,562 | +€63,846 | +15.8% |
| Fixed assets | 21/28 | €2,432 | €5,375 | +€2,943 | +121% |
| Tangible fixed assets | 22/27 | €2,432 | €5,375 | +€2,943 | +121% |
| Furniture and vehicles | 24 | €2,432 | €665 | -€1,767 | -72.7% |
| Other tangible fixed assets | 26 | - | €4,710 | +€4,710 | |
| Current assets | 29/58 | €401,285 | €462,188 | +€60,903 | +15.2% |
| Amounts receivable after more than one year | 29 | €91,342 | €76,401 | -€14,941 | -16.4% |
| Other amounts receivable | 291 | €91,342 | €76,401 | -€14,941 | -16.4% |
| Amounts receivable within one year | 40/41 | €94,078 | €78,346 | -€15,732 | -16.7% |
| Trade receivables | 40 | €0 | €17,796 | +€17,796 | |
| Other amounts receivable | 41 | €94,078 | €60,550 | -€33,528 | -35.6% |
| Cash at bank and in hand | 54/58 | €215,459 | €307,020 | +€91,561 | +42.5% |
| Deferred charges and accrued income | 490/1 | €407 | €421 | +€14 | +3.5% |
| Total equity and liabilities | 10/49 | €403,717 | €467,562 | +€63,846 | +15.8% |
| Equity | 10/15 | €314,417 | €300,105 | -€14,312 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,817 | €281,505 | -€14,312 | -4.8% |
| Tax-exempt reserves | 132 | €31,388 | €31,388 | = | 0.0% |
| Distributable reserves | 133 | €264,429 | €250,117 | -€14,312 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,300 | €167,458 | +€78,158 | +87.5% |
| Amounts payable within one year | 42/48 | €89,300 | €166,698 | +€77,398 | +86.7% |
| Financial debts | 43 | - | €3,105 | +€3,105 | |
| Credit institutions | 430/8 | - | €3,105 | +€3,105 | |
| Trade debts | 44 | €1,134 | €470 | -€664 | -58.6% |
| Suppliers | 440/4 | €1,134 | €470 | -€664 | -58.6% |
| Taxes, remuneration and social security | 45 | €43,516 | €61,588 | +€18,071 | +41.5% |
| Taxes | 450/3 | €37,481 | €61,588 | +€24,106 | +64.3% |
| Remuneration and social security | 454/9 | €6,035 | €0 | -€6,035 | -100% |
| Other amounts payable | 47/48 | €44,650 | €101,535 | +€56,885 | +127% |
| Accrued charges and deferred income | 492/3 | €0 | €760 | +€760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,507 | €1,767 | -€740 | -29.5% |
| Other operating charges | 640/8 | €1,485 | €1,604 | +€119 | +8.0% |
| Gross operating margin | 9900 | €101,170 | €133,831 | +€32,661 | +32.3% |
| Operating profit (loss) | 9901 | €97,177 | €130,459 | +€33,282 | +34.2% |
| Financial income | 75/76B | €4,927 | €5,123 | +€197 | +4.0% |
| Recurring financial income | 75 | €4,927 | €5,123 | +€197 | +4.0% |
| Financial charges | 65/66B | €483 | €2,641 | +€2,158 | +447% |
| Recurring financial charges | 65 | €483 | €2,641 | +€2,158 | +447% |
| Profit (loss) for the period before taxes | 9903 | €101,621 | €132,942 | +€31,321 | +30.8% |
| Income taxes | 67/77 | €28,577 | €39,254 | +€10,677 | +37.4% |
| Profit (loss) for the period | 9904 | €73,044 | €93,688 | +€20,644 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,044 | €93,688 | +€20,644 | +28.3% |
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 18 October 2026 via checked.be.