IT HAPPENS: what changed
IT HAPPENS
Largest movements
- Receivables within one year +€111,163
up €111,163 (+140%), from €79,220 to €190,383
of which Trade receivables: +€113,217
- Current investments +€71,000
up €71,000 (+526%), from €13,500 to €84,499
- Cash +€26,025
up €26,025 (+12.9%), from €202,262 to €228,287
mainly Trade debts (+€149,140) and Net result for the year (+€49,632)
- Tangible fixed assets -€19,373
down €19,373 (-8.7%), from €221,869 to €202,497
of which Land and buildings: -€20,941
- Trade debts +€149,140
up €149,140 (+413%), from €36,077 to €185,217
- Reserves +€49,632
up €49,632 (+18.7%), from €264,951 to €314,582
of which Distributable reserves: +€49,632
- Debts after one year -€19,128
down €19,128 (-13.1%), from €146,209 to €127,080
- Gross operating margin +€5,720
up €5,720 (+5.1%), from €112,304 to €118,024
- Taxes +€4,144
up €4,144 (+21.8%), from €18,988 to €23,132
- Other operating charges -€3,950
down €3,950 (-56.3%), from €7,019 to €3,069
- Financial income +€3,680
up €3,680, from €0 to €3,680
- Depreciation +€1,387
up €1,387 (+4.0%), from €34,554 to €35,941
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,715 | €706,558 | +€187,842 | +36.2% |
| Fixed assets | 21/28 | €221,869 | €202,497 | -€19,373 | -8.7% |
| Tangible fixed assets | 22/27 | €221,869 | €202,497 | -€19,373 | -8.7% |
| Land and buildings | 22 | €171,089 | €150,148 | -€20,941 | -12.2% |
| Plant, machinery and equipment | 23 | €4,601 | €3,846 | -€755 | -16.4% |
| Furniture and vehicles | 24 | €20,805 | €26,684 | +€5,879 | +28.3% |
| Other tangible fixed assets | 26 | €25,375 | €21,818 | -€3,556 | -14.0% |
| Current assets | 29/58 | €296,846 | €504,061 | +€207,215 | +69.8% |
| Amounts receivable within one year | 40/41 | €79,220 | €190,383 | +€111,163 | +140% |
| Trade receivables | 40 | €76,491 | €189,708 | +€113,217 | +148% |
| Other amounts receivable | 41 | €2,728 | €675 | -€2,053 | -75.3% |
| Current investments | 50/53 | €13,500 | €84,499 | +€71,000 | +526% |
| Cash at bank and in hand | 54/58 | €202,262 | €228,287 | +€26,025 | +12.9% |
| Deferred charges and accrued income | 490/1 | €1,865 | €892 | -€973 | -52.2% |
| Total equity and liabilities | 10/49 | €518,715 | €706,558 | +€187,842 | +36.2% |
| Equity | 10/15 | €283,551 | €333,182 | +€49,632 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264,951 | €314,582 | +€49,632 | +18.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €264,951 | €314,582 | +€49,632 | +18.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €235,165 | €373,375 | +€138,211 | +58.8% |
| Amounts payable after more than one year | 17 | €146,209 | €127,080 | -€19,128 | -13.1% |
| Financial debts | 170/4 | €146,209 | €127,080 | -€19,128 | -13.1% |
| Amounts payable within one year | 42/48 | €86,896 | €244,235 | +€157,339 | +181% |
| Current portion of amounts payable after more than one year | 42 | €18,540 | €19,128 | +€588 | +3.2% |
| Financial debts | 43 | €1,034 | €7,940 | +€6,906 | +668% |
| Credit institutions | 430/8 | €1,034 | €7,940 | +€6,906 | +668% |
| Trade debts | 44 | €36,077 | €185,217 | +€149,140 | +413% |
| Suppliers | 440/4 | €36,077 | €185,217 | +€149,140 | +413% |
| Taxes, remuneration and social security | 45 | €18,571 | €17,864 | -€707 | -3.8% |
| Taxes | 450/3 | €18,571 | €17,864 | -€707 | -3.8% |
| Other amounts payable | 47/48 | €12,673 | €14,085 | +€1,412 | +11.1% |
| Accrued charges and deferred income | 492/3 | €2,060 | €2,060 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,554 | €35,941 | +€1,387 | +4.0% |
| Other operating charges | 640/8 | €7,019 | €3,069 | -€3,950 | -56.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €112,304 | €118,024 | +€5,720 | +5.1% |
| Operating profit (loss) | 9901 | €70,731 | €79,014 | +€8,283 | +11.7% |
| Financial income | 75/76B | €0 | €3,680 | +€3,680 | |
| Recurring financial income | 75 | €0 | €3,680 | +€3,680 | |
| Financial charges | 65/66B | €9,489 | €9,930 | +€441 | +4.6% |
| Recurring financial charges | 65 | €9,489 | €9,930 | +€441 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €61,242 | €72,764 | +€11,522 | +18.8% |
| Income taxes | 67/77 | €18,988 | €23,132 | +€4,144 | +21.8% |
| Profit (loss) for the period | 9904 | €42,254 | €49,632 | +€7,378 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,254 | €49,632 | +€7,378 | +17.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.