It Factor Agency: 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 Factor Agency
Largest movements
- Current investments -€70,000
down €70,000 (-100%), from €70,000 to €0
- Cash +€35,480
up €35,480 (+105%), from €33,853 to €69,333
mainly Current investments (+€70,000) and Net result for the year (+€65,997)
- Receivables within one year -€14,726
down €14,726 (-100%), from €14,726 to €0
of which Trade receivables: -€14,669
- Tangible fixed assets -€9,704
down €9,704 (-18.4%), from €52,857 to €43,154
- Other debts -€77,537
down €77,537 (-56.9%), from €136,361 to €58,825
- Tax, wage and social debts +€17,210
up €17,210 (+133%), from €12,974 to €30,184
of which Taxes: +€17,189
- Depreciation +€8,385
up €8,385 (+260%), from €3,227 to €11,612
- Gross operating margin -€7,341
down €7,341 (-7.1%), from €102,756 to €95,415
- Taxes -€1,470
down €1,470 (-7.5%), from €19,568 to €18,099
- Financial income -€1,190
down €1,190 (-56.7%), from €2,097 to €907
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 | €172,775 | €113,302 | -€59,473 | -34.4% |
| Fixed assets | 21/28 | €52,857 | €43,154 | -€9,704 | -18.4% |
| Tangible fixed assets | 22/27 | €52,857 | €43,154 | -€9,704 | -18.4% |
| Furniture and vehicles | 24 | €52,857 | €43,154 | -€9,704 | -18.4% |
| Current assets | 29/58 | €119,918 | €70,149 | -€49,769 | -41.5% |
| Amounts receivable within one year | 40/41 | €14,726 | €0 | -€14,726 | -100% |
| Trade receivables | 40 | €14,669 | €0 | -€14,669 | -100% |
| Other amounts receivable | 41 | €57 | €0 | -€57 | -100% |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100% |
| Cash at bank and in hand | 54/58 | €33,853 | €69,333 | +€35,480 | +105% |
| Deferred charges and accrued income | 490/1 | €1,338 | €816 | -€523 | -39.1% |
| Total equity and liabilities | 10/49 | €172,775 | €113,302 | -€59,473 | -34.4% |
| Equity | 10/15 | €22,789 | €23,786 | +€997 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,029 | €4,029 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,169 | €2,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160 | €1,157 | +€997 | +624% |
| Amounts payable | 17/49 | €149,986 | €89,516 | -€60,470 | -40.3% |
| Amounts payable within one year | 42/48 | €149,986 | €89,116 | -€60,870 | -40.6% |
| Trade debts | 44 | €651 | €108 | -€543 | -83.5% |
| Suppliers | 440/4 | €651 | €108 | -€543 | -83.5% |
| Taxes, remuneration and social security | 45 | €12,974 | €30,184 | +€17,210 | +133% |
| Taxes | 450/3 | €9,862 | €27,051 | +€17,189 | +174% |
| Remuneration and social security | 454/9 | €3,112 | €3,133 | +€21 | +0.7% |
| Other amounts payable | 47/48 | €136,361 | €58,825 | -€77,537 | -56.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €10,860 | €0 | -€10,860 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,227 | €11,612 | +€8,385 | +260% |
| Other operating charges | 640/8 | €1,352 | €607 | -€745 | -55.1% |
| Gross operating margin | 9900 | €102,756 | €95,415 | -€7,341 | -7.1% |
| Operating profit (loss) | 9901 | €98,177 | €83,196 | -€14,981 | -15.3% |
| Financial income | 75/76B | €2,097 | €907 | -€1,190 | -56.7% |
| Recurring financial income | 75 | €2,097 | €907 | -€1,190 | -56.7% |
| Financial charges | 65/66B | €14 | €8 | -€6 | -43.9% |
| Recurring financial charges | 65 | €14 | €8 | -€6 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €100,260 | €84,096 | -€16,165 | -16.1% |
| Income taxes | 67/77 | €19,568 | €18,099 | -€1,470 | -7.5% |
| Profit (loss) for the period | 9904 | €80,692 | €65,997 | -€14,695 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,692 | €65,997 | -€14,695 | -18.2% |
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.