IT GROOVES: 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 GROOVES
Largest movements
- Cash +€59,017
up €59,017 (+21.2%), from €278,726 to €337,743
mainly Net result for the year (+€47,790) and Receivables within one year (+€5,834)
- Receivables within one year -€5,834
down €5,834 (-29.1%), from €20,032 to €14,198
of which Trade receivables: -€6,027
- Tangible fixed assets -€4,546
down €4,546 (-22.0%), from €20,628 to €16,082
of which Furniture and vehicles: -€3,286
- Reserves +€45,000
up €45,000 (+16.1%), from €278,650 to €323,650
- Gross operating margin -€50,938
down €50,938 (-46.5%), from €109,591 to €58,653
- Taxes -€41,335
down €41,335 (-85.8%), from €48,196 to €6,861
- Depreciation +€2,764
up €2,764 (+120.0%), from €2,303 to €5,067
- Financial income -€2,134
down €2,134 (-53.2%), from €4,014 to €1,880
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 | €319,987 | €368,049 | +€48,062 | +15.0% |
| Fixed assets | 21/28 | €20,654 | €16,107 | -€4,546 | -22.0% |
| Tangible fixed assets | 22/27 | €20,628 | €16,082 | -€4,546 | -22.0% |
| Plant, machinery and equipment | 23 | €4,967 | €3,706 | -€1,260 | -25.4% |
| Furniture and vehicles | 24 | €15,661 | €12,376 | -€3,286 | -21.0% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €299,334 | €351,942 | +€52,608 | +17.6% |
| Amounts receivable within one year | 40/41 | €20,032 | €14,198 | -€5,834 | -29.1% |
| Trade receivables | 40 | €15,626 | €9,599 | -€6,027 | -38.6% |
| Other amounts receivable | 41 | €4,406 | €4,600 | +€193 | +4.4% |
| Cash at bank and in hand | 54/58 | €278,726 | €337,743 | +€59,017 | +21.2% |
| Deferred charges and accrued income | 490/1 | €575 | - | -€575 | |
| Total equity and liabilities | 10/49 | €319,987 | €368,049 | +€48,062 | +15.0% |
| Equity | 10/15 | €309,704 | €357,494 | +€47,790 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €278,650 | €323,650 | +€45,000 | +16.1% |
| Distributable reserves | 133 | €278,650 | €323,650 | +€45,000 | +16.1% |
| Profit (loss) carried forward | 14 | €24,854 | €27,644 | +€2,790 | +11.2% |
| Amounts payable | 17/49 | €10,283 | €10,555 | +€272 | +2.6% |
| Amounts payable within one year | 42/48 | €10,273 | €10,452 | +€179 | +1.7% |
| Trade debts | 44 | €589 | €1,389 | +€800 | +135.8% |
| Suppliers | 440/4 | €589 | €1,389 | +€800 | +135.8% |
| Taxes, remuneration and social security | 45 | €9,684 | €9,063 | -€621 | -6.4% |
| Taxes | 450/3 | €9,684 | €9,063 | -€621 | -6.4% |
| Accrued charges and deferred income | 492/3 | €10 | €103 | +€93 | +947.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,303 | €5,067 | +€2,764 | +120.0% |
| Other operating charges | 640/8 | €1,653 | €648 | -€1,005 | -60.8% |
| Gross operating margin | 9900 | €109,591 | €58,653 | -€50,938 | -46.5% |
| Operating profit (loss) | 9901 | €105,635 | €52,938 | -€52,698 | -49.9% |
| Financial income | 75/76B | €4,014 | €1,880 | -€2,134 | -53.2% |
| Recurring financial income | 75 | €4,014 | €1,880 | -€2,134 | -53.2% |
| Financial charges | 65/66B | €62 | €166 | +€104 | +169.4% |
| Recurring financial charges | 65 | €62 | €166 | +€104 | +169.4% |
| Profit (loss) for the period before taxes | 9903 | €109,587 | €54,651 | -€54,936 | -50.1% |
| Income taxes | 67/77 | €48,196 | €6,861 | -€41,335 | -85.8% |
| Profit (loss) for the period | 9904 | €61,391 | €47,790 | -€13,601 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,391 | €47,790 | -€13,601 | -22.2% |
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 5 October 2026 via checked.be.