In.T MANAGEMENT: what changed
In.T MANAGEMENT
Largest movements
- Cash -€90,504
down €90,504 (-57.4%), from €157,704 to €67,200
mainly Debts after one year (-€37,458) and Receivables within one year (-€30,654)
- Receivables within one year +€30,654
up €30,654 (+128%), from €24,028 to €54,682
of which Trade receivables: +€25,304
- Tangible fixed assets -€10,739
down €10,739 (-27.5%), from €39,043 to €28,304
- Debts after one year -€37,458
down €37,458 (-30.1%), from €124,281 to €86,823
- Reserves -€22,587
down €22,587 (-9.5%), from €238,832 to €216,245
- Trade debts -€8,312
down €8,312 (-98.1%), from €8,469 to €157
- Current portion of long-term debt -€7,560
down €7,560 (-16.8%), from €45,018 to €37,458
- Tax, wage and social debts +€5,057
new in 2025: €5,057
- Financial charges -€40,414
down €40,414 (-85.7%), from €47,149 to €6,736
of which Non-recurring financial charges: -€42,418
- Taxes +€1,958
new in 2025: €1,958
- Gross operating margin +€660
up €660 (+20.1%), from -€3,279 to -€2,618
- Other operating charges -€350
down €350 (-39.4%), from €889 to €539
- Financial income -€184
down €184 (-98.4%), from €187 to €3
of which Non-recurring financial income: -€185
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €422,801 | €351,940 | -€70,860 | -16.8% |
| Fixed assets | 21/28 | €239,043 | €228,304 | -€10,739 | -4.5% |
| Tangible fixed assets | 22/27 | €39,043 | €28,304 | -€10,739 | -27.5% |
| Furniture and vehicles | 24 | €39,043 | €28,304 | -€10,739 | -27.5% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €183,758 | €123,637 | -€60,121 | -32.7% |
| Amounts receivable within one year | 40/41 | €24,028 | €54,682 | +€30,654 | +128% |
| Trade receivables | 40 | €19,966 | €45,270 | +€25,304 | +127% |
| Other amounts receivable | 41 | €4,062 | €9,412 | +€5,349 | +132% |
| Cash at bank and in hand | 54/58 | €157,704 | €67,200 | -€90,504 | -57.4% |
| Deferred charges and accrued income | 490/1 | €2,025 | €1,755 | -€271 | -13.4% |
| Total equity and liabilities | 10/49 | €422,801 | €351,940 | -€70,860 | -16.8% |
| Equity | 10/15 | €245,032 | €222,445 | -€22,587 | -9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €238,832 | €216,245 | -€22,587 | -9.5% |
| Distributable reserves | 133 | €238,832 | €216,245 | -€22,587 | -9.5% |
| Amounts payable | 17/49 | €177,768 | €129,495 | -€48,273 | -27.2% |
| Amounts payable after more than one year | 17 | €124,281 | €86,823 | -€37,458 | -30.1% |
| Financial debts | 170/4 | €124,281 | €86,823 | -€37,458 | -30.1% |
| Amounts payable within one year | 42/48 | €53,487 | €42,672 | -€10,815 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €45,018 | €37,458 | -€7,560 | -16.8% |
| Trade debts | 44 | €8,469 | €157 | -€8,312 | -98.1% |
| Suppliers | 440/4 | €8,469 | €157 | -€8,312 | -98.1% |
| Taxes, remuneration and social security | 45 | - | €5,057 | +€5,057 | |
| Taxes | 450/3 | - | €5,057 | +€5,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,739 | €10,739 | = | 0.0% |
| Other operating charges | 640/8 | €889 | €539 | -€350 | -39.4% |
| Gross operating margin | 9900 | -€3,279 | -€2,618 | +€660 | +20.1% |
| Operating profit (loss) | 9901 | -€14,907 | -€13,896 | +€1,010 | +6.8% |
| Financial income | 75/76B | €187 | €3 | -€184 | -98.4% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +47.8% |
| Non-recurring financial income | 76B | €185 | - | -€185 | |
| Financial charges | 65/66B | €47,149 | €6,736 | -€40,414 | -85.7% |
| Recurring financial charges | 65 | €4,732 | €6,736 | +€2,004 | +42.4% |
| Non-recurring financial charges | 66B | €42,418 | - | -€42,418 | |
| Profit (loss) for the period before taxes | 9903 | -€61,870 | -€20,629 | +€41,240 | +66.7% |
| Income taxes | 67/77 | - | €1,958 | +€1,958 | |
| Profit (loss) for the period | 9904 | -€61,870 | -€22,587 | +€39,283 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,870 | -€22,587 | +€39,283 | +63.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.