IoTT: 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.
IoTT
Largest movements
- Cash +€31,375
up €31,375 (+47.0%), from €66,732 to €98,107
mainly Net result for the year (+€51,783) and Receivables within one year (+€4,254)
- Tangible fixed assets +€8,058
up €8,058 (+135%), from €5,963 to €14,021
of which Plant, machinery and equipment: +€6,569
- Receivables within one year -€4,254
down €4,254 (-25.2%), from €16,889 to €12,635
of which Trade receivables: -€4,254
- Reserves +€50,983
up €50,983 (+67.2%), from €75,832 to €126,814
- Other debts -€12,321
down €12,321 (-93.4%), from €13,186 to €865
- Tax, wage and social debts -€3,373
down €3,373 (-20.1%), from €16,813 to €13,441
of which Taxes: -€3,380
- Gross operating margin +€9,010
up €9,010 (+12.6%), from €71,637 to €80,647
- Taxes +€7,714
up €7,714 (+44.8%), from €17,222 to €24,935
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 | €89,671 | €125,204 | +€35,533 | +39.6% |
| Fixed assets | 21/28 | €5,963 | €14,021 | +€8,058 | +135% |
| Tangible fixed assets | 22/27 | €5,963 | €14,021 | +€8,058 | +135% |
| Plant, machinery and equipment | 23 | €5,902 | €12,471 | +€6,569 | +111% |
| Furniture and vehicles | 24 | €61 | €1,550 | +€1,489 | +2,435% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €83,708 | €111,183 | +€27,475 | +32.8% |
| Amounts receivable within one year | 40/41 | €16,889 | €12,635 | -€4,254 | -25.2% |
| Trade receivables | 40 | €16,354 | €12,100 | -€4,254 | -26.0% |
| Other amounts receivable | 41 | €535 | €535 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,732 | €98,107 | +€31,375 | +47.0% |
| Deferred charges and accrued income | 490/1 | €87 | €441 | +€354 | +409% |
| Total equity and liabilities | 10/49 | €89,671 | €125,204 | +€35,533 | +39.6% |
| Equity | 10/15 | €59,296 | €110,278 | +€50,983 | +86.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,832 | €126,814 | +€50,983 | +67.2% |
| Distributable reserves | 133 | €75,832 | €126,814 | +€50,983 | +67.2% |
| Profit (loss) carried forward | 14 | -€22,736 | -€22,736 | = | 0.0% |
| Amounts payable | 17/49 | €30,375 | €14,925 | -€15,449 | -50.9% |
| Amounts payable within one year | 42/48 | €30,375 | €14,925 | -€15,449 | -50.9% |
| Trade debts | 44 | €375 | €620 | +€244 | +65.1% |
| Suppliers | 440/4 | €375 | €620 | +€244 | +65.1% |
| Taxes, remuneration and social security | 45 | €16,813 | €13,441 | -€3,373 | -20.1% |
| Taxes | 450/3 | €15,078 | €11,698 | -€3,380 | -22.4% |
| Remuneration and social security | 454/9 | €1,735 | €1,742 | +€8 | +0.4% |
| Other amounts payable | 47/48 | €13,186 | €865 | -€12,321 | -93.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €381 | €0 | -€381 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,423 | €3,157 | +€734 | +30.3% |
| Other operating charges | 640/8 | €1,098 | €778 | -€320 | -29.1% |
| Gross operating margin | 9900 | €71,637 | €80,647 | +€9,010 | +12.6% |
| Operating profit (loss) | 9901 | €68,116 | €76,712 | +€8,596 | +12.6% |
| Financial income | 75/76B | €2 | €146 | +€144 | +6,939% |
| Recurring financial income | 75 | €2 | €146 | +€144 | +6,939% |
| Financial charges | 65/66B | €116 | €140 | +€24 | +20.9% |
| Recurring financial charges | 65 | €116 | €140 | +€24 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €68,002 | €76,718 | +€8,715 | +12.8% |
| Income taxes | 67/77 | €17,222 | €24,935 | +€7,714 | +44.8% |
| Profit (loss) for the period | 9904 | €50,781 | €51,783 | +€1,002 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,781 | €51,783 | +€1,002 | +2.0% |
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 16 October 2026 via checked.be.