I.T. WORKS: 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. WORKS
Largest movements
- Receivables within one year -€12,517
down €12,517 (-87.8%), from €14,249 to €1,732
of which Trade receivables: -€13,743
- Cash -€10,936
down €10,936 (-76.1%), from €14,362 to €3,426
mainly Net result for the year (-€8,880) and Other debts (-€6,796)
- Profit (loss) carried forward -€8,880
down €8,880 (-9.0%), from -€98,548 to -€107,429
- Other debts -€6,796
down €6,796 (-8.2%), from €82,514 to €75,717
- Trade debts -€5,749
down €5,749 (-48.7%), from €11,817 to €6,067
- Tax, wage and social debts -€2,017
down €2,017 (-78.6%), from €2,567 to €551
- Accrued charges and deferred income -€393
down €393 (-100%), from €393 to €0
- Gross operating margin -€11,362
down €11,362, from €4,222 to -€7,140
- Financial income -€5,503
down €5,503 (-98.0%), from €5,616 to €114
- Staff costs +€1,330
up €1,330, from -€1,275 to €55
- Financial charges -€1,088
down €1,088 (-83.1%), from €1,308 to €221
- Depreciation -€483
down €483 (-83.3%), from €580 to €97
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 | €29,044 | €5,208 | -€23,836 | -82.1% |
| Fixed assets | 21/28 | €146 | €50 | -€97 | -66.1% |
| Tangible fixed assets | 22/27 | €97 | €0 | -€97 | -100% |
| Furniture and vehicles | 24 | €97 | €0 | -€97 | -100% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €28,898 | €5,158 | -€23,740 | -82.2% |
| Amounts receivable within one year | 40/41 | €14,249 | €1,732 | -€12,517 | -87.8% |
| Trade receivables | 40 | €14,246 | €503 | -€13,743 | -96.5% |
| Other amounts receivable | 41 | €3 | €1,229 | +€1,226 | +46,454% |
| Cash at bank and in hand | 54/58 | €14,362 | €3,426 | -€10,936 | -76.1% |
| Deferred charges and accrued income | 490/1 | €287 | €0 | -€287 | -100% |
| Total equity and liabilities | 10/49 | €29,044 | €5,208 | -€23,836 | -82.1% |
| Equity | 10/15 | -€68,247 | -€77,128 | -€8,880 | -13.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,709 | €11,709 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,850 | €9,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,548 | -€107,429 | -€8,880 | -9.0% |
| Amounts payable | 17/49 | €97,291 | €82,335 | -€14,956 | -15.4% |
| Amounts payable within one year | 42/48 | €96,898 | €82,335 | -€14,563 | -15.0% |
| Trade debts | 44 | €11,817 | €6,067 | -€5,749 | -48.7% |
| Suppliers | 440/4 | €11,817 | €6,067 | -€5,749 | -48.7% |
| Taxes, remuneration and social security | 45 | €2,567 | €551 | -€2,017 | -78.6% |
| Taxes | 450/3 | €2,567 | €551 | -€2,017 | -78.6% |
| Other amounts payable | 47/48 | €82,514 | €75,717 | -€6,796 | -8.2% |
| Accrued charges and deferred income | 492/3 | €393 | €0 | -€393 | -100% |
| Remuneration, social security and pensions | 62 | -€1,275 | €55 | +€1,330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €97 | -€483 | -83.3% |
| Other operating charges | 640/8 | €1,040 | €1,162 | +€122 | +11.8% |
| Gross operating margin | 9900 | €4,222 | -€7,140 | -€11,362 | |
| Operating profit (loss) | 9901 | €3,878 | -€8,454 | -€12,332 | |
| Financial income | 75/76B | €5,616 | €114 | -€5,503 | -98.0% |
| Recurring financial income | 75 | €5,616 | €114 | -€5,503 | -98.0% |
| Financial charges | 65/66B | €1,308 | €221 | -€1,088 | -83.1% |
| Recurring financial charges | 65 | €1,308 | €221 | -€1,088 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | €8,185 | -€8,561 | -€16,747 | |
| Income taxes | 67/77 | €248 | €319 | +€71 | +28.7% |
| Profit (loss) for the period | 9904 | €7,937 | -€8,880 | -€16,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,937 | -€8,880 | -€16,818 |
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 24 October 2026 via checked.be.