IT ADVANTAGE: what changed
Two fiscal 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.
IT ADVANTAGE
Largest movements
- Financial fixed assets +€32,622
up €32,622 (+17.7%), from €183,809 to €216,432
- Receivables within one year -€7,335
down €7,335 (-29.5%), from €24,858 to €17,523
of which Trade receivables: -€7,516
- Cash -€6,749
down €6,749 (-68.7%), from €9,816 to €3,068
mainly Investment in fixed assets (net) (-€32,622) and Debts after one year (-€8,800)
- Deferred charges and accrued income -€5,392
down €5,392 (-35.7%), from €15,102 to €9,710
- Reserves +€18,530
up €18,530 (+22.3%), from €83,260 to €101,790
- Debts after one year -€8,800
down €8,800 (-7.5%), from €117,600 to €108,800
- Advances received +€4,182
new in 2025: €4,182
- Trade debts -€3,707
down €3,707 (-89.2%), from €4,156 to €449
- Profit (loss) carried forward +€3,151
up €3,151, from -€3,149 to €2
- Gross operating margin +€31,483
up €31,483 (+319.0%), from €9,869 to €41,352
- Taxes +€11,687
up €11,687 (+4763.6%), from €245 to €11,932
- Other operating charges -€7,813
down €7,813 (-80.5%), from €9,700 to €1,887
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 | €233,590 | €246,737 | +€13,147 | +5.6% |
| Fixed assets | 21/28 | €183,809 | €216,432 | +€32,622 | +17.7% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €183,809 | €216,432 | +€32,622 | +17.7% |
| Current assets | 29/58 | €49,781 | €30,305 | -€19,476 | -39.1% |
| Amounts receivable within one year | 40/41 | €24,858 | €17,523 | -€7,335 | -29.5% |
| Trade receivables | 40 | €22,608 | €15,092 | -€7,516 | -33.2% |
| Other amounts receivable | 41 | €2,250 | €2,432 | +€182 | +8.1% |
| Current investments | 50/53 | €4 | €4 | +€0 | +0.2% |
| Cash at bank and in hand | 54/58 | €9,816 | €3,068 | -€6,749 | -68.7% |
| Deferred charges and accrued income | 490/1 | €15,102 | €9,710 | -€5,392 | -35.7% |
| Total equity and liabilities | 10/49 | €233,590 | €246,737 | +€13,147 | +5.6% |
| Equity | 10/15 | €86,311 | €107,992 | +€21,681 | +25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,260 | €101,790 | +€18,530 | +22.3% |
| Distributable reserves | 133 | €83,260 | €101,790 | +€18,530 | +22.3% |
| Profit (loss) carried forward | 14 | -€3,149 | €2 | +€3,151 | |
| Amounts payable | 17/49 | €147,280 | €138,745 | -€8,535 | -5.8% |
| Amounts payable after more than one year | 17 | €117,600 | €108,800 | -€8,800 | -7.5% |
| Financial debts | 170/4 | €117,600 | €108,800 | -€8,800 | -7.5% |
| Amounts payable within one year | 42/48 | €26,670 | €26,935 | +€265 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €8,800 | €8,800 | = | 0.0% |
| Financial debts | 43 | €737 | €0 | -€737 | -100.0% |
| Credit institutions | 430/8 | €737 | €0 | -€737 | -100.0% |
| Trade debts | 44 | €4,156 | €449 | -€3,707 | -89.2% |
| Suppliers | 440/4 | €4,156 | €449 | -€3,707 | -89.2% |
| Advances received on contracts in progress | 46 | - | €4,182 | +€4,182 | |
| Taxes, remuneration and social security | 45 | €8,184 | €10,729 | +€2,545 | +31.1% |
| Taxes | 450/3 | €8,184 | €10,729 | +€2,545 | +31.1% |
| Other amounts payable | 47/48 | €4,792 | €2,775 | -€2,016 | -42.1% |
| Accrued charges and deferred income | 492/3 | €3,010 | €3,010 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95 | €0 | -€95 | -100.0% |
| Other operating charges | 640/8 | €9,700 | €1,887 | -€7,813 | -80.5% |
| Gross operating margin | 9900 | €9,869 | €41,352 | +€31,483 | +319.0% |
| Operating profit (loss) | 9901 | €73 | €39,464 | +€39,391 | +53695.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €6,149 | €5,854 | -€295 | -4.8% |
| Recurring financial charges | 65 | €6,149 | €5,854 | -€295 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,075 | €33,613 | +€39,688 | |
| Income taxes | 67/77 | €245 | €11,932 | +€11,687 | +4763.6% |
| Profit (loss) for the period | 9904 | -€6,321 | €21,681 | +€28,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,321 | €21,681 | +€28,002 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.