IMAGE TRANSFER INDUSTRIES: 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.
IMAGE TRANSFER INDUSTRIES
Largest movements
- Stocks and contracts +€17,776
up €17,776 (+35.1%), from €50,597 to €68,373
- Tangible fixed assets -€9,035
down €9,035 (-28.8%), from €31,332 to €22,298
of which Other tangible fixed assets: -€4,630
- Cash -€3,235
down €3,235 (-7.5%), from €42,920 to €39,685
mainly Stocks and contracts (-€17,776) and Other debts (-€12,966)
- Receivables within one year -€1,688
down €1,688 (-25.3%), from €6,672 to €4,984
of which Trade receivables: -€1,718
- Other debts -€12,966
down €12,966 (-44.9%), from €28,905 to €15,938
- Tax, wage and social debts +€8,318
up €8,318 (+85.2%), from €9,767 to €18,084
- Reserves +€7,338
up €7,338 (+11.8%), from €62,134 to €69,472
of which Distributable reserves: +€7,338
- Trade debts +€1,934
up €1,934 (+55.9%), from €3,457 to €5,391
- Other operating charges -€2,220
down €2,220 (-96.3%), from €2,304 to €84
- Financial charges +€1,537
up €1,537 (+106%), from €1,451 to €2,988
- Gross operating margin +€744
up €744 (+2.8%), from €26,253 to €26,998
- Financial income -€619
down €619 (-55.8%), from €1,109 to €490
- Taxes +€594
up €594 (+21.3%), from €2,794 to €3,388
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 | €137,934 | €141,597 | +€3,663 | +2.7% |
| Fixed assets | 21/28 | €37,338 | €28,304 | -€9,035 | -24.2% |
| Tangible fixed assets | 22/27 | €31,332 | €22,298 | -€9,035 | -28.8% |
| Furniture and vehicles | 24 | €16,018 | €11,612 | -€4,405 | -27.5% |
| Other tangible fixed assets | 26 | €15,315 | €10,685 | -€4,630 | -30.2% |
| Financial fixed assets | 28 | €6,006 | €6,006 | = | 0.0% |
| Current assets | 29/58 | €100,595 | €113,293 | +€12,698 | +12.6% |
| Stocks and contracts in progress | 3 | €50,597 | €68,373 | +€17,776 | +35.1% |
| Stocks | 30/36 | €50,597 | €68,373 | +€17,776 | +35.1% |
| Amounts receivable within one year | 40/41 | €6,672 | €4,984 | -€1,688 | -25.3% |
| Trade receivables | 40 | €3,380 | €1,662 | -€1,718 | -50.8% |
| Other amounts receivable | 41 | €3,293 | €3,322 | +€30 | +0.9% |
| Cash at bank and in hand | 54/58 | €42,920 | €39,685 | -€3,235 | -7.5% |
| Deferred charges and accrued income | 490/1 | €405 | €251 | -€154 | -38.1% |
| Total equity and liabilities | 10/49 | €137,934 | €141,597 | +€3,663 | +2.7% |
| Equity | 10/15 | €95,282 | €102,160 | +€6,878 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €62,134 | €69,472 | +€7,338 | +11.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €60,275 | €67,613 | +€7,338 | +12.2% |
| Profit (loss) carried forward | 14 | €14,095 | €14,095 | = | 0.0% |
| Investment grants | 15 | €460 | - | -€460 | |
| Amounts payable | 17/49 | €42,652 | €39,437 | -€3,215 | -7.5% |
| Amounts payable within one year | 42/48 | €42,128 | €39,413 | -€2,715 | -6.4% |
| Trade debts | 44 | €3,457 | €5,391 | +€1,934 | +55.9% |
| Suppliers | 440/4 | €3,457 | €5,391 | +€1,934 | +55.9% |
| Taxes, remuneration and social security | 45 | €9,767 | €18,084 | +€8,318 | +85.2% |
| Taxes | 450/3 | €9,767 | €18,084 | +€8,318 | +85.2% |
| Other amounts payable | 47/48 | €28,905 | €15,938 | -€12,966 | -44.9% |
| Accrued charges and deferred income | 492/3 | €524 | €24 | -€500 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,755 | €9,035 | +€280 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,840 | €4,655 | -€185 | -3.8% |
| Other operating charges | 640/8 | €2,304 | €84 | -€2,220 | -96.3% |
| Gross operating margin | 9900 | €26,253 | €26,998 | +€744 | +2.8% |
| Operating profit (loss) | 9901 | €10,354 | €13,223 | +€2,869 | +27.7% |
| Financial income | 75/76B | €1,109 | €490 | -€619 | -55.8% |
| Recurring financial income | 75 | €1,109 | €490 | -€619 | -55.8% |
| Financial charges | 65/66B | €1,451 | €2,988 | +€1,537 | +106% |
| Recurring financial charges | 65 | €1,451 | €2,988 | +€1,537 | +106% |
| Profit (loss) for the period before taxes | 9903 | €10,012 | €10,726 | +€714 | +7.1% |
| Income taxes | 67/77 | €2,794 | €3,388 | +€594 | +21.3% |
| Profit (loss) for the period | 9904 | €7,218 | €7,338 | +€120 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,218 | €7,338 | +€120 | +1.7% |
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.