IPITCH: 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.
IPITCH
Largest movements
- Cash +€36,882
up €36,882 (+112.3%), from €32,839 to €69,721
mainly Net result for the year (+€35,509) and Trade debts (+€10,572)
- Tangible fixed assets +€5,555
up €5,555 (+92.3%), from €6,018 to €11,574
- Receivables within one year +€4,737
up €4,737 (+15.2%), from €31,132 to €35,868
of which Trade receivables: +€3,583
- Profit (loss) carried forward +€34,676
up €34,676 (+89.1%), from €38,907 to €73,583
- Trade debts +€10,572
up €10,572 (+1656.9%), from €638 to €11,210
- Gross operating margin -€4,931
down €4,931 (-9.2%), from €53,611 to €48,680
- Taxes -€4,339
down €4,339 (-28.1%), from €15,416 to €11,077
- Depreciation +€2,083
up €2,083 (+618.4%), from €337 to €2,420
- Financial charges +€1,227
up €1,227 (+789.9%), from €155 to €1,382
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.
Cash bridge derived
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 | €70,305 | €117,162 | +€46,857 | +66.6% |
| Fixed assets | 21/28 | €6,018 | €11,574 | +€5,555 | +92.3% |
| Tangible fixed assets | 22/27 | €6,018 | €11,574 | +€5,555 | +92.3% |
| Furniture and vehicles | 24 | €6,018 | €11,574 | +€5,555 | +92.3% |
| Current assets | 29/58 | €64,287 | €105,589 | +€41,302 | +64.2% |
| Amounts receivable within one year | 40/41 | €31,132 | €35,868 | +€4,737 | +15.2% |
| Trade receivables | 40 | €412 | €3,996 | +€3,583 | +869.5% |
| Other amounts receivable | 41 | €30,720 | €31,873 | +€1,153 | +3.8% |
| Cash at bank and in hand | 54/58 | €32,839 | €69,721 | +€36,882 | +112.3% |
| Deferred charges and accrued income | 490/1 | €317 | - | -€317 | |
| Total equity and liabilities | 10/49 | €70,305 | €117,162 | +€46,857 | +66.6% |
| Equity | 10/15 | €39,407 | €74,083 | +€34,676 | +88.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,907 | €73,583 | +€34,676 | +89.1% |
| Amounts payable | 17/49 | €30,898 | €43,080 | +€12,181 | +39.4% |
| Amounts payable within one year | 42/48 | €30,898 | €43,080 | +€12,181 | +39.4% |
| Trade debts | 44 | €638 | €11,210 | +€10,572 | +1656.9% |
| Suppliers | 440/4 | €638 | €11,210 | +€10,572 | +1656.9% |
| Taxes, remuneration and social security | 45 | €29,401 | €30,229 | +€828 | +2.8% |
| Taxes | 450/3 | €26,401 | €27,229 | +€828 | +3.1% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €859 | €1,641 | +€782 | +91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €2,420 | +€2,083 | +618.4% |
| Other operating charges | 640/8 | €49 | - | -€49 | |
| Gross operating margin | 9900 | €53,611 | €48,680 | -€4,931 | -9.2% |
| Operating profit (loss) | 9901 | €53,225 | €46,260 | -€6,965 | -13.1% |
| Financial income | 75/76B | €2,113 | €1,709 | -€404 | -19.1% |
| Recurring financial income | 75 | €2,113 | €1,709 | -€404 | -19.1% |
| Financial charges | 65/66B | €155 | €1,382 | +€1,227 | +789.9% |
| Recurring financial charges | 65 | €155 | €1,382 | +€1,227 | +789.9% |
| Profit (loss) for the period before taxes | 9903 | €55,182 | €46,586 | -€8,596 | -15.6% |
| Income taxes | 67/77 | €15,416 | €11,077 | -€4,339 | -28.1% |
| Profit (loss) for the period | 9904 | €39,766 | €35,509 | -€4,257 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,766 | €35,509 | -€4,257 | -10.7% |
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 9 October 2026 via checked.be.