I.T.S.: 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.S.
Largest movements
- Tangible fixed assets +€54,419
up €54,419 (+1,067%), from €5,100 to €59,519
of which Furniture and vehicles: +€52,432
- Cash -€21,831
down €21,831 (-30.3%), from €72,066 to €50,235
mainly Investment in fixed assets (net) (-€60,109) and Trade debts (-€5,022)
- Stocks and contracts -€5,581
down €5,581 (-54.8%), from €10,191 to €4,610
- Receivables within one year -€1,731
down €1,731 (-13.1%), from €13,213 to €11,482
of which Other amounts receivable: -€1,742
- Reserves +€26,337
up €26,337 (+108%), from €24,366 to €50,703
- Trade debts -€5,022
down €5,022 (-90.7%), from €5,535 to €514
- Other debts +€3,679
up €3,679 (+96.8%), from €3,799 to €7,477
- Gross operating margin +€43,809
up €43,809 (+5,980%), from €733 to €44,541
- Taxes +€11,738
up €11,738 (+6,202%), from €189 to €11,928
- Depreciation +€4,793
up €4,793 (+534%), from €897 to €5,691
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 | €101,581 | €126,857 | +€25,276 | +24.9% |
| Fixed assets | 21/28 | €6,110 | €60,529 | +€54,419 | +891% |
| Tangible fixed assets | 22/27 | €5,100 | €59,519 | +€54,419 | +1,067% |
| Plant, machinery and equipment | 23 | - | €1,987 | +€1,987 | |
| Furniture and vehicles | 24 | €5,100 | €57,532 | +€52,432 | +1,028% |
| Financial fixed assets | 28 | €1,010 | €1,010 | = | 0.0% |
| Current assets | 29/58 | €95,470 | €66,328 | -€29,143 | -30.5% |
| Stocks and contracts in progress | 3 | €10,191 | €4,610 | -€5,581 | -54.8% |
| Stocks | 30/36 | €10,191 | €4,610 | -€5,581 | -54.8% |
| Amounts receivable within one year | 40/41 | €13,213 | €11,482 | -€1,731 | -13.1% |
| Trade receivables | 40 | €11,363 | €11,375 | +€12 | +0.1% |
| Other amounts receivable | 41 | €1,850 | €108 | -€1,742 | -94.2% |
| Cash at bank and in hand | 54/58 | €72,066 | €50,235 | -€21,831 | -30.3% |
| Total equity and liabilities | 10/49 | €101,581 | €126,857 | +€25,276 | +24.9% |
| Equity | 10/15 | €88,529 | €114,866 | +€26,337 | +29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,366 | €50,703 | +€26,337 | +108% |
| Distributable reserves | 133 | €24,366 | €50,703 | +€26,337 | +108% |
| Profit (loss) carried forward | 14 | €45,563 | €45,563 | = | 0.0% |
| Amounts payable | 17/49 | €13,052 | €11,991 | -€1,061 | -8.1% |
| Amounts payable within one year | 42/48 | €13,052 | €11,991 | -€1,061 | -8.1% |
| Trade debts | 44 | €5,535 | €514 | -€5,022 | -90.7% |
| Suppliers | 440/4 | €5,535 | €514 | -€5,022 | -90.7% |
| Taxes, remuneration and social security | 45 | €3,718 | €4,000 | +€282 | +7.6% |
| Taxes | 450/3 | €3,718 | €4,000 | +€282 | +7.6% |
| Other amounts payable | 47/48 | €3,799 | €7,477 | +€3,679 | +96.8% |
| Non-recurring operating income | 76A | - | €13,500 | +€13,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €897 | €5,691 | +€4,793 | +534% |
| Other operating charges | 640/8 | €879 | €811 | -€68 | -7.7% |
| Gross operating margin | 9900 | €733 | €44,541 | +€43,809 | +5,980% |
| Operating profit (loss) | 9901 | -€1,044 | €38,040 | +€39,083 | |
| Financial income | 75/76B | €501 | €331 | -€169 | -33.8% |
| Recurring financial income | 75 | €501 | €331 | -€169 | -33.8% |
| Financial charges | 65/66B | €82 | €107 | +€24 | +29.5% |
| Recurring financial charges | 65 | €82 | €107 | +€24 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | -€625 | €38,265 | +€38,890 | |
| Income taxes | 67/77 | €189 | €11,928 | +€11,738 | +6,202% |
| Profit (loss) for the period | 9904 | -€814 | €26,337 | +€27,151 | |
| Profit (loss) for the period to be appropriated | 9905 | -€814 | €26,337 | +€27,151 |
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 27 October 2026 via checked.be.