I-TY: 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-TY
Largest movements
- Tangible fixed assets +€26,248
up €26,248 (+10.4%), from €252,742 to €278,990
of which Furniture and vehicles: +€16,121
- Receivables within one year +€19,917
up €19,917 (+157%), from €12,691 to €32,608
of which Other amounts receivable: +€14,707
- Cash +€19,309
up €19,309 (+21.2%), from €91,094 to €110,403
mainly Depreciation (+€24,934) and Net result for the year (+€16,059)
- Stocks and contracts -€7,827
down €7,827 (-12.7%), from €61,438 to €53,611
- Intangible fixed assets -€5,700
down €5,700 (-83.6%), from €6,817 to €1,117
- Reserves +€16,059
up €16,059 (+11.8%), from €135,562 to €151,621
of which Distributable reserves: +€16,059
- Debts after one year +€10,676
up €10,676 (+6.6%), from €162,760 to €173,436
of which Financial debts: +€10,676
- Tax, wage and social debts +€8,360
up €8,360 (+25.7%), from €32,472 to €40,832
of which Remuneration and social security: +€5,834
- Current portion of long-term debt +€7,862
up €7,862 (+49.4%), from €15,914 to €23,775
- Gross operating margin -€24,428
down €24,428 (-16.9%), from €144,364 to €119,937
- Staff costs -€14,812
down €14,812 (-22.3%), from €66,454 to €51,642
- Taxes -€8,774
down €8,774 (-34.0%), from €25,825 to €17,051
- Depreciation +€3,743
up €3,743 (+17.7%), from €21,191 to €24,934
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 | €430,564 | €479,894 | +€49,330 | +11.5% |
| Fixed assets | 21/28 | €260,472 | €282,340 | +€21,868 | +8.4% |
| Intangible fixed assets | 21 | €6,817 | €1,117 | -€5,700 | -83.6% |
| Tangible fixed assets | 22/27 | €252,742 | €278,990 | +€26,248 | +10.4% |
| Land and buildings | 22 | €243,937 | €251,915 | +€7,979 | +3.3% |
| Plant, machinery and equipment | 23 | - | €2,148 | +€2,148 | |
| Furniture and vehicles | 24 | €8,805 | €24,926 | +€16,121 | +183% |
| Financial fixed assets | 28 | €913 | €2,233 | +€1,320 | +145% |
| Current assets | 29/58 | €170,093 | €197,554 | +€27,462 | +16.1% |
| Stocks and contracts in progress | 3 | €61,438 | €53,611 | -€7,827 | -12.7% |
| Stocks | 30/36 | €61,438 | €53,611 | -€7,827 | -12.7% |
| Amounts receivable within one year | 40/41 | €12,691 | €32,608 | +€19,917 | +157% |
| Trade receivables | 40 | €11,872 | €17,082 | +€5,211 | +43.9% |
| Other amounts receivable | 41 | €820 | €15,526 | +€14,707 | +1,794% |
| Cash at bank and in hand | 54/58 | €91,094 | €110,403 | +€19,309 | +21.2% |
| Deferred charges and accrued income | 490/1 | €4,870 | €932 | -€3,938 | -80.9% |
| Total equity and liabilities | 10/49 | €430,564 | €479,894 | +€49,330 | +11.5% |
| Equity | 10/15 | €154,162 | €170,221 | +€16,059 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,562 | €151,621 | +€16,059 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €133,702 | €149,761 | +€16,059 | +12.0% |
| Amounts payable | 17/49 | €276,402 | €309,673 | +€33,271 | +12.0% |
| Amounts payable after more than one year | 17 | €162,760 | €173,436 | +€10,676 | +6.6% |
| Financial debts | 170/4 | €162,630 | €173,306 | +€10,676 | +6.6% |
| Other amounts payable | 178/9 | €130 | €130 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,642 | €136,238 | +€22,595 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €15,914 | €23,775 | +€7,862 | +49.4% |
| Financial debts | 43 | - | €1,565 | +€1,565 | |
| Credit institutions | 430/8 | - | €1,565 | +€1,565 | |
| Trade debts | 44 | €18,706 | €22,200 | +€3,495 | +18.7% |
| Suppliers | 440/4 | €18,706 | €22,200 | +€3,495 | +18.7% |
| Advances received on contracts in progress | 46 | €713 | €713 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €32,472 | €40,832 | +€8,360 | +25.7% |
| Taxes | 450/3 | €22,457 | €24,984 | +€2,526 | +11.2% |
| Remuneration and social security | 454/9 | €10,014 | €15,848 | +€5,834 | +58.3% |
| Other amounts payable | 47/48 | €45,838 | €47,152 | +€1,314 | +2.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €66,454 | €51,642 | -€14,812 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,191 | €24,934 | +€3,743 | +17.7% |
| Other operating charges | 640/8 | €4,370 | €5,738 | +€1,368 | +31.3% |
| Non-recurring operating charges | 66A | - | €117 | +€117 | |
| Gross operating margin | 9900 | €144,364 | €119,937 | -€24,428 | -16.9% |
| Operating profit (loss) | 9901 | €52,350 | €37,506 | -€14,843 | -28.4% |
| Financial income | 75/76B | €60 | €17 | -€44 | -72.4% |
| Recurring financial income | 75 | €60 | €17 | -€44 | -72.4% |
| Financial charges | 65/66B | €3,207 | €4,413 | +€1,206 | +37.6% |
| Recurring financial charges | 65 | €3,207 | €4,413 | +€1,206 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €49,203 | €33,109 | -€16,093 | -32.7% |
| Income taxes | 67/77 | €25,825 | €17,051 | -€8,774 | -34.0% |
| Profit (loss) for the period | 9904 | €23,378 | €16,059 | -€7,319 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,378 | €16,059 | -€7,319 | -31.3% |
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 24 October 2026 via checked.be.