I-TECH 21: 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-TECH 21
Largest movements
- Receivables within one year +€98,118
up €98,118 (+80.5%), from €121,950 to €220,068
of which Trade receivables: +€79,694
- Cash -€36,971
down €36,971 (-90.7%), from €40,773 to €3,802
mainly Receivables within one year (-€98,118) and Debts after one year (-€9,502)
- Tangible fixed assets -€10,947
down €10,947 (-80.3%), from €13,631 to €2,684
- Trade debts +€35,825
up €35,825 (+45.8%), from €78,217 to €114,042
of which Suppliers: +€37,182
- Profit (loss) carried forward +€24,794
up €24,794 (+46.6%), from €53,245 to €78,039
- Debts after one year -€9,502
down €9,502 (-32.7%), from €29,019 to €19,517
- Depreciation -€6,197
down €6,197 (-83.6%), from €7,409 to €1,212
- Taxes +€2,303
up €2,303 (+39.4%), from €5,846 to €8,150
- Financial charges +€1,341
up €1,341 (+755.7%), from €177 to €1,519
- Gross operating margin -€1,267
down €1,267 (-3.4%), from €37,047 to €35,780
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 | €176,354 | €226,554 | +€50,200 | +28.5% |
| Fixed assets | 21/28 | €13,631 | €2,684 | -€10,947 | -80.3% |
| Tangible fixed assets | 22/27 | €13,631 | €2,684 | -€10,947 | -80.3% |
| Furniture and vehicles | 24 | €13,631 | €2,684 | -€10,947 | -80.3% |
| Current assets | 29/58 | €162,723 | €223,870 | +€61,147 | +37.6% |
| Amounts receivable within one year | 40/41 | €121,950 | €220,068 | +€98,118 | +80.5% |
| Trade receivables | 40 | €77,605 | €157,298 | +€79,694 | +102.7% |
| Other amounts receivable | 41 | €44,346 | €62,770 | +€18,425 | +41.5% |
| Cash at bank and in hand | 54/58 | €40,773 | €3,802 | -€36,971 | -90.7% |
| Total equity and liabilities | 10/49 | €176,354 | €226,554 | +€50,200 | +28.5% |
| Equity | 10/15 | €58,801 | €83,595 | +€24,794 | +42.2% |
| Contributions | 10/11 | €5,556 | €5,556 | = | 0.0% |
| Contributions outside capital | 11 | €5,556 | - | -€5,556 | |
| Share premium | 1100/10 | €5,556 | - | -€5,556 | |
| Profit (loss) carried forward | 14 | €53,245 | €78,039 | +€24,794 | +46.6% |
| Amounts payable | 17/49 | €117,553 | €142,960 | +€25,407 | +21.6% |
| Amounts payable after more than one year | 17 | €29,019 | €19,517 | -€9,502 | -32.7% |
| Financial debts | 170/4 | €29,019 | €19,517 | -€9,502 | -32.7% |
| Amounts payable within one year | 42/48 | €88,534 | €123,442 | +€34,909 | +39.4% |
| Trade debts | 44 | €78,217 | €114,042 | +€35,825 | +45.8% |
| Suppliers | 440/4 | €52,470 | €89,652 | +€37,182 | +70.9% |
| Bills of exchange payable | 441 | €25,747 | €24,390 | -€1,357 | -5.3% |
| Taxes, remuneration and social security | 45 | €10,316 | €9,400 | -€916 | -8.9% |
| Taxes | 450/3 | €10,316 | €9,400 | -€916 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,409 | €1,212 | -€6,197 | -83.6% |
| Other operating charges | 640/8 | €228 | €106 | -€122 | -53.4% |
| Gross operating margin | 9900 | €37,047 | €35,780 | -€1,267 | -3.4% |
| Operating profit (loss) | 9901 | €29,410 | €34,462 | +€5,052 | +17.2% |
| Financial charges | 65/66B | €177 | €1,519 | +€1,341 | +755.7% |
| Recurring financial charges | 65 | €177 | €1,519 | +€1,341 | +755.7% |
| Profit (loss) for the period before taxes | 9903 | €29,232 | €32,944 | +€3,711 | +12.7% |
| Income taxes | 67/77 | €5,846 | €8,150 | +€2,303 | +39.4% |
| Profit (loss) for the period | 9904 | €23,386 | €24,794 | +€1,408 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,386 | €24,794 | +€1,408 | +6.0% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.