IT&O: 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&O
Largest movements
- Receivables within one year +€275,894
up €275,894 (+112.4%), from €245,451 to €521,345
of which Other amounts receivable: +€266,352
- Cash +€226,990
up €226,990 (+104.7%), from €216,778 to €443,768
mainly Net result for the year (+€375,534) and Depreciation (+€51,641)
- Tangible fixed assets -€64,517
down €64,517 (-12.7%), from €508,626 to €444,108
- Reserves +€375,500
up €375,500 (+26.5%), from €1.4m to €1.8m
of which Distributable reserves: +€375,500
- Tax, wage and social debts +€40,369
up €40,369 (+128.1%), from €31,504 to €71,874
- Current portion of long-term debt +€36,309
up €36,309 (+164.6%), from €22,057 to €58,365
- Gross operating margin -€134,005
down €134,005 (-18.0%), from €746,082 to €612,077
- Staff costs -€47,121
down €47,121 (-42.3%), from €111,271 to €64,150
- Financial income +€44,033
up €44,033 (+340.9%), from €12,918 to €56,951
- Depreciation -€12,711
down €12,711 (-19.8%), from €64,352 to €51,641
- Taxes -€11,258
down €11,258 (-6.2%), from €181,540 to €170,282
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,483,372 | €1,931,091 | +€447,719 | +30.2% |
| Fixed assets | 21/28 | €508,751 | €444,233 | -€64,517 | -12.7% |
| Tangible fixed assets | 22/27 | €508,626 | €444,108 | -€64,517 | -12.7% |
| Land and buildings | 22 | €416,301 | €386,058 | -€30,243 | -7.3% |
| Plant, machinery and equipment | 23 | €63,288 | €38,542 | -€24,746 | -39.1% |
| Furniture and vehicles | 24 | €29,037 | €19,508 | -€9,528 | -32.8% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €974,621 | €1,486,858 | +€512,236 | +52.6% |
| Amounts receivable after more than one year | 29 | €440,000 | €440,000 | = | 0.0% |
| Other amounts receivable | 291 | €440,000 | €440,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €245,451 | €521,345 | +€275,894 | +112.4% |
| Trade receivables | 40 | €53,567 | €63,109 | +€9,542 | +17.8% |
| Other amounts receivable | 41 | €191,884 | €458,235 | +€266,352 | +138.8% |
| Current investments | 50/53 | €30,296 | €36,343 | +€6,047 | +20.0% |
| Cash at bank and in hand | 54/58 | €216,778 | €443,768 | +€226,990 | +104.7% |
| Deferred charges and accrued income | 490/1 | €42,097 | €45,402 | +€3,305 | +7.9% |
| Total equity and liabilities | 10/49 | €1,483,372 | €1,931,091 | +€447,719 | +30.2% |
| Equity | 10/15 | €1,424,764 | €1,800,299 | +€375,534 | +26.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,417,417 | €1,792,917 | +€375,500 | +26.5% |
| Non-distributable reserves | 130/1 | €11,310 | €11,310 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,310 | €11,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,837 | €11,837 | = | 0.0% |
| Distributable reserves | 133 | €1,394,270 | €1,769,770 | +€375,500 | +26.9% |
| Profit (loss) carried forward | 14 | €1,147 | €1,182 | +€34 | +3.0% |
| Amounts payable | 17/49 | €58,608 | €130,792 | +€72,184 | +123.2% |
| Amounts payable after more than one year | 17 | €1,861 | - | -€1,861 | |
| Financial debts | 170/4 | €1,861 | - | -€1,861 | |
| Amounts payable within one year | 42/48 | €56,747 | €130,792 | +€74,045 | +130.5% |
| Current portion of amounts payable after more than one year | 42 | €22,057 | €58,365 | +€36,309 | +164.6% |
| Trade debts | 44 | €3,186 | €554 | -€2,633 | -82.6% |
| Suppliers | 440/4 | €3,186 | €554 | -€2,633 | -82.6% |
| Taxes, remuneration and social security | 45 | €31,504 | €71,874 | +€40,369 | +128.1% |
| Taxes | 450/3 | €31,504 | €71,874 | +€40,369 | +128.1% |
| Non-recurring operating income | 76A | - | €31,765 | +€31,765 | |
| Remuneration, social security and pensions | 62 | €111,271 | €64,150 | -€47,121 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,352 | €51,641 | -€12,711 | -19.8% |
| Other operating charges | 640/8 | €4,085 | €4,346 | +€261 | +6.4% |
| Gross operating margin | 9900 | €746,082 | €612,077 | -€134,005 | -18.0% |
| Operating profit (loss) | 9901 | €566,374 | €491,940 | -€74,434 | -13.1% |
| Financial income | 75/76B | €12,918 | €56,951 | +€44,033 | +340.9% |
| Recurring financial income | 75 | €12,918 | €56,951 | +€44,033 | +340.9% |
| Financial charges | 65/66B | €1,580 | €3,074 | +€1,495 | +94.6% |
| Recurring financial charges | 65 | €1,580 | €3,074 | +€1,495 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €577,712 | €545,816 | -€31,895 | -5.5% |
| Income taxes | 67/77 | €181,540 | €170,282 | -€11,258 | -6.2% |
| Profit (loss) for the period | 9904 | €396,172 | €375,534 | -€20,637 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €396,172 | €375,534 | -€20,637 | -5.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.