IT-OLOGY: 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-OLOGY
Largest movements
- Cash +€25,488
up €25,488 (+67.7%), from €37,652 to €63,141
mainly Net result for the year (+€50,204) and Debts after one year (+€31,952)
- Tangible fixed assets -€7,467
down €7,467 (-8.1%), from €92,024 to €84,557
of which Furniture and vehicles: -€12,450
- Debts after one year +€31,952
up €31,952 (+39.8%), from €80,192 to €112,143
- Trade debts -€27,224
down €27,224 (-62.0%), from €43,876 to €16,653
- Tax, wage and social debts +€19,481
up €19,481 (+168%), from €11,593 to €31,074
- Current portion of long-term debt -€4,449
down €4,449 (-23.1%), from €19,246 to €14,798
- Gross operating margin +€69,036
up €69,036 (+242%), from €28,554 to €97,591
- Taxes +€20,572
up €20,572 (+7,395%), from €278 to €20,850
- Depreciation +€3,855
up €3,855 (+23.2%), from €16,609 to €20,464
- Financial charges +€1,533
up €1,533 (+51.1%), from €3,000 to €4,533
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 | €186,576 | €206,188 | +€19,612 | +10.5% |
| Fixed assets | 21/28 | €92,024 | €84,557 | -€7,467 | -8.1% |
| Tangible fixed assets | 22/27 | €92,024 | €84,557 | -€7,467 | -8.1% |
| Land and buildings | 22 | €68,877 | €77,899 | +€9,022 | +13.1% |
| Plant, machinery and equipment | 23 | €6,774 | €2,735 | -€4,039 | -59.6% |
| Furniture and vehicles | 24 | €16,373 | €3,923 | -€12,450 | -76.0% |
| Current assets | 29/58 | €94,552 | €121,630 | +€27,078 | +28.6% |
| Amounts receivable within one year | 40/41 | €55,630 | €56,789 | +€1,159 | +2.1% |
| Trade receivables | 40 | €44,347 | €46,456 | +€2,109 | +4.8% |
| Other amounts receivable | 41 | €11,284 | €10,333 | -€951 | -8.4% |
| Cash at bank and in hand | 54/58 | €37,652 | €63,141 | +€25,488 | +67.7% |
| Deferred charges and accrued income | 490/1 | €1,270 | €1,701 | +€431 | +34.0% |
| Total equity and liabilities | 10/49 | €186,576 | €206,188 | +€19,612 | +10.5% |
| Equity | 10/15 | €31,175 | €31,379 | +€204 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,484 | €37,688 | +€204 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €35,624 | €37,688 | +€2,064 | +5.8% |
| Profit (loss) carried forward | 14 | -€24,910 | -€24,910 | = | 0.0% |
| Amounts payable | 17/49 | €155,401 | €174,809 | +€19,408 | +12.5% |
| Amounts payable after more than one year | 17 | €80,192 | €112,143 | +€31,952 | +39.8% |
| Financial debts | 170/4 | €80,192 | €112,143 | +€31,952 | +39.8% |
| Amounts payable within one year | 42/48 | €75,210 | €62,666 | -€12,544 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €19,246 | €14,798 | -€4,449 | -23.1% |
| Financial debts | 43 | €495 | €37 | -€457 | -92.5% |
| Credit institutions | 430/8 | €495 | €37 | -€457 | -92.5% |
| Trade debts | 44 | €43,876 | €16,653 | -€27,224 | -62.0% |
| Suppliers | 440/4 | €43,876 | €16,653 | -€27,224 | -62.0% |
| Taxes, remuneration and social security | 45 | €11,593 | €31,074 | +€19,481 | +168% |
| Taxes | 450/3 | €11,593 | €31,074 | +€19,481 | +168% |
| Other amounts payable | 47/48 | - | €105 | +€105 | |
| Non-recurring operating income | 76A | €2,663 | - | -€2,663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,609 | €20,464 | +€3,855 | +23.2% |
| Other operating charges | 640/8 | €2,489 | €1,726 | -€763 | -30.7% |
| Gross operating margin | 9900 | €28,554 | €97,591 | +€69,036 | +242% |
| Operating profit (loss) | 9901 | €9,456 | €75,401 | +€65,945 | +697% |
| Financial income | 75/76B | €66 | €186 | +€120 | +180% |
| Recurring financial income | 75 | €66 | €186 | +€120 | +180% |
| Financial charges | 65/66B | €3,000 | €4,533 | +€1,533 | +51.1% |
| Recurring financial charges | 65 | €3,000 | €4,533 | +€1,533 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €6,523 | €71,054 | +€64,531 | +989% |
| Income taxes | 67/77 | €278 | €20,850 | +€20,572 | +7,395% |
| Profit (loss) for the period | 9904 | €6,245 | €50,204 | +€43,959 | +704% |
| Profit (loss) for the period to be appropriated | 9905 | €6,245 | €50,204 | +€43,959 | +704% |
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 18 October 2026 via checked.be.