Industrial Technical Service: what changed
What changed
Industrial Technical Service
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€11,001
2024 · €2,526+€8,475
Equity
€152,395
2024 · €141,394+€11,001
Cash
€2,295
2024 · €4,502-€2,208
Balance sheet total
€486,622
2024 · €441,802+€44,820
Largest movements
Assets
- Receivables within one year +€23,168
up €23,168 (+33.0%), from €70,215 to €93,383
of which Other amounts receivable: +€32,204
- Tangible fixed assets +€21,583
up €21,583 (+5.9%), from €362,941 to €384,524
of which Leasing and similar rights: +€39,723
Equity and liabilities
- Current portion of long-term debt +€11,990
up €11,990 (+66.9%), from €17,912 to €29,902
- Reserves +€11,001
up €11,001 (+9.0%), from €122,844 to €133,845
- Trade debts +€10,211
up €10,211 (+276%), from €3,702 to €13,912
- Tax, wage and social debts +€9,480
up €9,480 (+99.8%), from €9,500 to €18,980
of which Taxes: +€7,454
- Debts after one year -€4,918
down €4,918 (-1.9%), from €259,450 to €254,532
Income statement
- Gross operating margin +€35,203
up €35,203 (+83.1%), from €42,351 to €77,555
- Depreciation +€13,480
up €13,480 (+77.2%), from €17,466 to €30,946
- Write-downs +€9,098
new in 2025: €9,098
- Taxes +€6,887
up €6,887 (+351%), from €1,963 to €8,851
- Financial charges +€2,303
up €2,303 (+13.7%), from €16,814 to €19,117
of which Financial charges: +€2,439
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.
Result 2024
€2,526
Gross operating margin
+€35,203
Depreciation
-€13,480
Write-downs
-€9,098
Other operating charges
+€253
Other operating items
+€2,796
Financial income
+€1,991
Financial charges
-€2,303
Taxes
-€6,887
Result 2025
€11,001
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€39,269
Investment
-€52,529
Financing
+€11,052
Cash 2024
€4,502
From operations (derived)
+€39,269
Net result for the year
+€11,001
Depreciation
+€30,946
Receivables within one year
-€23,168
Deferred charges and accrued income
-€2,277
Trade debts
+€10,211
Tax, wage and social debts
+€9,480
Other debts
+€2,631
Accrued charges and deferred income
+€445
Investment (derived)
-€52,529
Investment in fixed assets (net)
-€52,529
Financing
+€11,052
Debts after one year
-€4,918
Current portion of long-term debt
+€11,990
Short-term financial debts
+€3,979
Cash 2025
€2,295
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,802 | €486,622 | +€44,820 | +10.1% |
| Fixed assets | 21/28 | €363,441 | €385,024 | +€21,583 | +5.9% |
| Tangible fixed assets | 22/27 | €362,941 | €384,524 | +€21,583 | +5.9% |
| Land and buildings | 22 | €289,084 | €283,403 | -€5,681 | -2.0% |
| Plant, machinery and equipment | 23 | €4,715 | €4,219 | -€496 | -10.5% |
| Furniture and vehicles | 24 | €69,143 | €57,178 | -€11,964 | -17.3% |
| Leasing and similar rights | 25 | - | €39,723 | +€39,723 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €78,361 | €101,598 | +€23,237 | +29.7% |
| Amounts receivable within one year | 40/41 | €70,215 | €93,383 | +€23,168 | +33.0% |
| Trade receivables | 40 | €30,394 | €21,358 | -€9,036 | -29.7% |
| Other amounts receivable | 41 | €39,821 | €72,025 | +€32,204 | +80.9% |
| Cash at bank and in hand | 54/58 | €4,502 | €2,295 | -€2,208 | -49.0% |
| Deferred charges and accrued income | 490/1 | €3,644 | €5,921 | +€2,277 | +62.5% |
| Total equity and liabilities | 10/49 | €441,802 | €486,622 | +€44,820 | +10.1% |
| Equity | 10/15 | €141,394 | €152,395 | +€11,001 | +7.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €122,844 | €133,845 | +€11,001 | +9.0% |
| Distributable reserves | 133 | €122,844 | €133,845 | +€11,001 | +9.0% |
| Amounts payable | 17/49 | €300,408 | €334,226 | +€33,818 | +11.3% |
| Amounts payable after more than one year | 17 | €259,450 | €254,532 | -€4,918 | -1.9% |
| Financial debts | 170/4 | €259,450 | €254,532 | -€4,918 | -1.9% |
| Amounts payable within one year | 42/48 | €37,803 | €76,093 | +€38,291 | +101% |
| Current portion of amounts payable after more than one year | 42 | €17,912 | €29,902 | +€11,990 | +66.9% |
| Financial debts | 43 | €5,942 | €9,921 | +€3,979 | +67.0% |
| Credit institutions | 430/8 | €5,942 | €9,921 | +€3,979 | +67.0% |
| Trade debts | 44 | €3,702 | €13,912 | +€10,211 | +276% |
| Suppliers | 440/4 | €3,702 | €13,912 | +€10,211 | +276% |
| Taxes, remuneration and social security | 45 | €9,500 | €18,980 | +€9,480 | +99.8% |
| Taxes | 450/3 | €9,500 | €16,954 | +€7,454 | +78.5% |
| Remuneration and social security | 454/9 | - | €2,026 | +€2,026 | |
| Other amounts payable | 47/48 | €748 | €3,379 | +€2,631 | +352% |
| Accrued charges and deferred income | 492/3 | €3,156 | €3,601 | +€445 | +14.1% |
| Non-recurring operating income | 76A | €14,174 | €862 | -€13,311 | -93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,466 | €30,946 | +€13,480 | +77.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,098 | +€9,098 | |
| Other operating charges | 640/8 | €1,991 | €1,738 | -€253 | -12.7% |
| Non-recurring operating charges | 66A | €2,796 | - | -€2,796 | |
| Gross operating margin | 9900 | €42,351 | €77,555 | +€35,203 | +83.1% |
| Operating profit (loss) | 9901 | €20,098 | €35,773 | +€15,675 | +78.0% |
| Financial income | 75/76B | €1,206 | €3,196 | +€1,991 | +165% |
| Recurring financial income | 75 | €1,206 | €3,196 | +€1,991 | +165% |
| Financial charges | 65/66B | €16,814 | €19,117 | +€2,303 | +13.7% |
| Recurring financial charges | 65 | €16,678 | €19,117 | +€2,439 | +14.6% |
| Non-recurring financial charges | 66B | €136 | - | -€136 | |
| Profit (loss) for the period before taxes | 9903 | €4,490 | €19,852 | +€15,362 | +342% |
| Income taxes | 67/77 | €1,963 | €8,851 | +€6,887 | +351% |
| Profit (loss) for the period | 9904 | €2,526 | €11,001 | +€8,475 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €2,526 | €11,001 | +€8,475 | +335% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.