INITH CONSULTANCY: 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.
INITH CONSULTANCY
Largest movements
- Tangible fixed assets -€55,848
down €55,848 (-8.4%), from €663,406 to €607,558
of which Land and buildings: -€51,806
- Receivables within one year -€20,081
down €20,081 (-86.6%), from €23,200 to €3,119
of which Trade receivables: -€18,670
- Cash +€13,712
up €13,712 (+119%), from €11,494 to €25,206
mainly Other debts (+€220,229) and Depreciation (+€55,848)
- Deferred charges and accrued income +€10,549
up €10,549 (+577%), from €1,828 to €12,377
- Profit (loss) carried forward -€229,816
down €229,816 (-99.6%), from €230,774 to €957
- Other debts +€220,229
up €220,229 (+11,742%), from €1,876 to €222,105
- Debts after one year -€55,620
down €55,620 (-19.0%), from €293,292 to €237,672
- Current portion of long-term debt +€13,306
up €13,306 (+46.3%), from €28,748 to €42,054
- Gross operating margin -€33,387
down €33,387 (-23.6%), from €141,174 to €107,787
- Taxes -€11,404
down €11,404 (-62.9%), from €18,117 to €6,713
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 | €699,929 | €648,261 | -€51,668 | -7.4% |
| Fixed assets | 21/28 | €663,406 | €607,558 | -€55,848 | -8.4% |
| Tangible fixed assets | 22/27 | €663,406 | €607,558 | -€55,848 | -8.4% |
| Land and buildings | 22 | €656,270 | €604,464 | -€51,806 | -7.9% |
| Plant, machinery and equipment | 23 | €1,506 | €579 | -€928 | -61.6% |
| Furniture and vehicles | 24 | €5,630 | €2,515 | -€3,114 | -55.3% |
| Current assets | 29/58 | €36,523 | €40,703 | +€4,180 | +11.4% |
| Amounts receivable within one year | 40/41 | €23,200 | €3,119 | -€20,081 | -86.6% |
| Trade receivables | 40 | €18,670 | - | -€18,670 | |
| Other amounts receivable | 41 | €4,530 | €3,119 | -€1,411 | -31.1% |
| Cash at bank and in hand | 54/58 | €11,494 | €25,206 | +€13,712 | +119% |
| Deferred charges and accrued income | 490/1 | €1,828 | €12,377 | +€10,549 | +577% |
| Total equity and liabilities | 10/49 | €699,929 | €648,261 | -€51,668 | -7.4% |
| Equity | 10/15 | €356,834 | €127,017 | -€229,816 | -64.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,460 | €107,460 | = | 0.0% |
| Distributable reserves | 133 | €107,460 | €107,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,774 | €957 | -€229,816 | -99.6% |
| Amounts payable | 17/49 | €343,095 | €521,243 | +€178,149 | +51.9% |
| Amounts payable after more than one year | 17 | €293,292 | €237,672 | -€55,620 | -19.0% |
| Financial debts | 170/4 | €293,292 | €237,672 | -€55,620 | -19.0% |
| Amounts payable within one year | 42/48 | €49,803 | €283,571 | +€233,769 | +469% |
| Current portion of amounts payable after more than one year | 42 | €28,748 | €42,054 | +€13,306 | +46.3% |
| Trade debts | 44 | €7,968 | €13,079 | +€5,111 | +64.1% |
| Suppliers | 440/4 | €7,968 | €13,079 | +€5,111 | +64.1% |
| Taxes, remuneration and social security | 45 | €11,211 | €6,334 | -€4,877 | -43.5% |
| Taxes | 450/3 | €11,211 | €6,334 | -€4,877 | -43.5% |
| Other amounts payable | 47/48 | €1,876 | €222,105 | +€220,229 | +11,742% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,248 | €55,848 | -€400 | -0.7% |
| Other operating charges | 640/8 | €4,879 | €4,412 | -€467 | -9.6% |
| Gross operating margin | 9900 | €141,174 | €107,787 | -€33,387 | -23.6% |
| Operating profit (loss) | 9901 | €80,047 | €47,527 | -€32,520 | -40.6% |
| Financial income | 75/76B | €1 | €2 | +€0 | +15.1% |
| Recurring financial income | 75 | €1 | €2 | +€0 | +15.1% |
| Financial charges | 65/66B | €18,579 | €19,633 | +€1,054 | +5.7% |
| Recurring financial charges | 65 | €18,579 | €19,633 | +€1,054 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €61,470 | €27,896 | -€33,574 | -54.6% |
| Income taxes | 67/77 | €18,117 | €6,713 | -€11,404 | -62.9% |
| Profit (loss) for the period | 9904 | €43,353 | €21,184 | -€22,169 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,353 | €21,184 | -€22,169 | -51.1% |
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 18 October 2026 via checked.be.