IT Efficiency: 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.
IT Efficiency
Largest movements
- Receivables within one year -€37,609
down €37,609 (-50.4%), from €74,679 to €37,070
of which Trade receivables: -€36,869
- Tangible fixed assets -€23,432
down €23,432 (-28.6%), from €81,994 to €58,562
- Cash +€11,580
up €11,580 (+52.6%), from €22,013 to €33,593
mainly Receivables within one year (+€37,609) and Depreciation (+€26,204)
- Debts after one year -€21,214
down €21,214 (-24.7%), from €85,837 to €64,623
- Trade debts -€18,156
down €18,156 (-50.0%), from €36,316 to €18,161
- Other debts -€13,479
down €13,479 (-46.9%), from €28,739 to €15,259
- Profit (loss) carried forward +€7,801
up €7,801 (+11.2%), from -€69,729 to -€61,928
- Tax, wage and social debts -€3,181
down €3,181 (-24.3%), from €13,081 to €9,900
- Depreciation +€6,059
up €6,059 (+30.1%), from €20,145 to €26,204
- Financial charges +€5,365
up €5,365 (+62.5%), from €8,585 to €13,950
- Gross operating margin +€2,753
up €2,753 (+5.7%), from €48,392 to €51,145
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 | €189,181 | €139,932 | -€49,249 | -26.0% |
| Fixed assets | 21/28 | €82,764 | €58,562 | -€24,202 | -29.2% |
| Tangible fixed assets | 22/27 | €81,994 | €58,562 | -€23,432 | -28.6% |
| Land and buildings | 22 | €48,233 | €36,650 | -€11,582 | -24.0% |
| Plant, machinery and equipment | 23 | €15,755 | €8,548 | -€7,207 | -45.7% |
| Furniture and vehicles | 24 | €18,006 | €13,364 | -€4,642 | -25.8% |
| Financial fixed assets | 28 | €770 | €0 | -€770 | -100.0% |
| Current assets | 29/58 | €106,417 | €81,370 | -€25,047 | -23.5% |
| Stocks and contracts in progress | 3 | €9,616 | €9,616 | = | 0.0% |
| Stocks | 30/36 | €9,616 | €9,616 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,679 | €37,070 | -€37,609 | -50.4% |
| Trade receivables | 40 | €73,574 | €36,705 | -€36,869 | -50.1% |
| Other amounts receivable | 41 | €1,104 | €365 | -€739 | -66.9% |
| Cash at bank and in hand | 54/58 | €22,013 | €33,593 | +€11,580 | +52.6% |
| Deferred charges and accrued income | 490/1 | €110 | €1,091 | +€981 | +892.9% |
| Total equity and liabilities | 10/49 | €189,181 | €139,932 | -€49,249 | -26.0% |
| Equity | 10/15 | -€1,896 | €5,905 | +€7,801 | |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €54,833 | €54,833 | = | 0.0% |
| Distributable reserves | 133 | €54,833 | €54,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,729 | -€61,928 | +€7,801 | +11.2% |
| Amounts payable | 17/49 | €191,077 | €134,027 | -€57,050 | -29.9% |
| Amounts payable after more than one year | 17 | €85,837 | €64,623 | -€21,214 | -24.7% |
| Financial debts | 170/4 | €85,837 | €64,623 | -€21,214 | -24.7% |
| Amounts payable within one year | 42/48 | €100,687 | €65,904 | -€34,783 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €22,551 | €22,584 | +€33 | +0.1% |
| Trade debts | 44 | €36,316 | €18,161 | -€18,156 | -50.0% |
| Suppliers | 440/4 | €36,316 | €18,161 | -€18,156 | -50.0% |
| Taxes, remuneration and social security | 45 | €13,081 | €9,900 | -€3,181 | -24.3% |
| Taxes | 450/3 | €13,081 | €9,900 | -€3,181 | -24.3% |
| Other amounts payable | 47/48 | €28,739 | €15,259 | -€13,479 | -46.9% |
| Accrued charges and deferred income | 492/3 | €4,553 | €3,500 | -€1,053 | -23.1% |
| Non-recurring operating income | 76A | €1,016 | €0 | -€1,016 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,145 | €26,204 | +€6,059 | +30.1% |
| Other operating charges | 640/8 | €1,716 | €2,093 | +€377 | +22.0% |
| Non-recurring operating charges | 66A | - | €770 | +€770 | |
| Gross operating margin | 9900 | €48,392 | €51,145 | +€2,753 | +5.7% |
| Operating profit (loss) | 9901 | €26,531 | €22,078 | -€4,453 | -16.8% |
| Financial charges | 65/66B | €8,585 | €13,950 | +€5,365 | +62.5% |
| Recurring financial charges | 65 | €8,585 | €13,950 | +€5,365 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €17,945 | €8,128 | -€9,818 | -54.7% |
| Income taxes | 67/77 | €290 | €326 | +€36 | +12.4% |
| Profit (loss) for the period | 9904 | €17,655 | €7,801 | -€9,854 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,655 | €7,801 | -€9,854 | -55.8% |
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 10 October 2026 via checked.be.