I.T. CORTEX: 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.
I.T. CORTEX
Largest movements
- Current investments -€78,140
down €78,140 (-29.2%), from €267,396 to €189,256
- Receivables within one year +€8,000
new in 2025: €8,000
of which Other amounts receivable: +€8,000
- Cash +€2,883
up €2,883 (+139.2%), from €2,070 to €4,953
mainly Current investments (+€78,140)
- Other debts -€36,295
down €36,295 (-53.0%), from €68,441 to €32,146
- Profit (loss) carried forward -€29,436
down €29,436 (-93.2%), from €31,569 to €2,134
- Trade debts -€7,194
no longer reported in 2025 (was €7,194)
- Reserves +€6,319
up €6,319 (+6.6%), from €96,200 to €102,519
of which Distributable reserves: +€6,319
- Turnover -€175,818
no longer reported in 2025 (was €175,818)
- Financial charges +€35,525
up €35,525 (+217.1%), from €16,365 to €51,890
of which Financial charges: +€35,525
- Purchases and services -€23,919
down €23,919 (-19.0%), from €125,879 to €101,960
- Gross operating margin -€21,554
down €21,554 (-43.2%), from €49,940 to €28,386
- Staff costs -€6,517
down €6,517, from €3,630 to -€2,887
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.
Cash bridge derived
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 | €269,466 | €202,209 | -€67,257 | -25.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | - | €0 | = | |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €269,466 | €202,209 | -€67,257 | -25.0% |
| Amounts receivable within one year | 40/41 | - | €8,000 | +€8,000 | |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | - | €8,000 | +€8,000 | |
| Current investments | 50/53 | €267,396 | €189,256 | -€78,140 | -29.2% |
| Cash at bank and in hand | 54/58 | €2,070 | €4,953 | +€2,883 | +139.2% |
| Total equity and liabilities | 10/49 | €269,466 | €202,209 | -€67,257 | -25.0% |
| Equity | 10/15 | €189,981 | €166,865 | -€23,117 | -12.2% |
| Contributions | 10/11 | €62,212 | €62,212 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €212 | €212 | = | 0.0% |
| Share premium | 1100/10 | €212 | €212 | = | 0.0% |
| Reserves | 13 | €96,200 | €102,519 | +€6,319 | +6.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €96,319 | +€6,319 | +7.0% |
| Profit (loss) carried forward | 14 | €31,569 | €2,134 | -€29,436 | -93.2% |
| Amounts payable | 17/49 | €79,485 | €35,345 | -€44,140 | -55.5% |
| Amounts payable within one year | 42/48 | €79,485 | €35,345 | -€44,140 | -55.5% |
| Trade debts | 44 | €7,194 | - | -€7,194 | |
| Suppliers | 440/4 | €7,194 | - | -€7,194 | |
| Taxes, remuneration and social security | 45 | €3,850 | €3,199 | -€651 | -16.9% |
| Taxes | 450/3 | €3,850 | €3,199 | -€651 | -16.9% |
| Other amounts payable | 47/48 | €68,441 | €32,146 | -€36,295 | -53.0% |
| Turnover | 70 | €175,818 | - | -€175,818 | |
| Goods, raw materials, services and sundry goods | 60/61 | €125,879 | €101,960 | -€23,919 | -19.0% |
| Remuneration, social security and pensions | 62 | €3,630 | -€2,887 | -€6,517 | |
| Other operating charges | 640/8 | - | €2,500 | +€2,500 | |
| Gross operating margin | 9900 | €49,940 | €28,386 | -€21,554 | -43.2% |
| Operating profit (loss) | 9901 | €46,310 | €28,773 | -€17,537 | -37.9% |
| Financial charges | 65/66B | €16,365 | €51,890 | +€35,525 | +217.1% |
| Recurring financial charges | 65 | €16,365 | €51,890 | +€35,525 | +217.1% |
| Non-recurring financial charges | 66B | €16,365 | - | -€16,365 | |
| Profit (loss) for the period before taxes | 9903 | €29,945 | -€23,117 | -€53,062 | |
| Income taxes | 67/77 | €4,695 | - | -€4,695 | |
| Profit (loss) for the period | 9904 | €25,251 | -€23,117 | -€48,367 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,251 | -€23,117 | -€48,367 |
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 10 October 2026 via checked.be.