IT PARTNER: 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 PARTNER
Largest movements
- Receivables within one year +€182,476
up €182,476 (+58.4%), from €312,333 to €494,809
of which Trade receivables: +€205,325
- Current investments +€60,000
up €60,000, from €0 to €60,000
- Tangible fixed assets +€56,849
up €56,849 (+5.0%), from €1.1m to €1.2m
of which Furniture and vehicles: +€67,107
- Cash +€23,688
up €23,688 (+12.5%), from €189,854 to €213,543
mainly Net result for the year (+€291,422) and Trade debts (+€158,429)
- Trade debts +€158,429
up €158,429 (+102%), from €154,580 to €313,009
- Other debts +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Reserves +€91,422
up €91,422 (+14.9%), from €614,364 to €705,786
of which Distributable reserves: +€92,621
- Debts after one year -€38,768
down €38,768 (-6.2%), from €629,313 to €590,546
- Tax, wage and social debts +€27,829
up €27,829 (+49.7%), from €56,016 to €83,845
of which Taxes: +€14,770
- Gross operating margin +€239,813
up €239,813 (+41.3%), from €580,243 to €820,055
- Staff costs +€65,182
up €65,182 (+25.0%), from €260,417 to €325,598
- Taxes +€52,174
up €52,174 (+105%), from €49,495 to €101,670
- Depreciation +€22,938
up €22,938 (+45.5%), from €50,408 to €73,346
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 | €1,638,859 | €1,969,603 | +€330,744 | +20.2% |
| Fixed assets | 21/28 | €1,129,930 | €1,186,779 | +€56,849 | +5.0% |
| Tangible fixed assets | 22/27 | €1,129,930 | €1,186,779 | +€56,849 | +5.0% |
| Land and buildings | 22 | €974,422 | €1,026,139 | +€51,717 | +5.3% |
| Plant, machinery and equipment | 23 | €36,026 | €33,999 | -€2,027 | -5.6% |
| Furniture and vehicles | 24 | €59,534 | €126,641 | +€67,107 | +113% |
| Assets under construction and advance payments | 27 | €59,947 | €0 | -€59,947 | -100% |
| Current assets | 29/58 | €508,929 | €782,824 | +€273,895 | +53.8% |
| Stocks and contracts in progress | 3 | €6,383 | €14,213 | +€7,831 | +123% |
| Stocks | 30/36 | €6,383 | €14,213 | +€7,831 | +123% |
| Amounts receivable within one year | 40/41 | €312,333 | €494,809 | +€182,476 | +58.4% |
| Trade receivables | 40 | €289,484 | €494,809 | +€205,325 | +70.9% |
| Other amounts receivable | 41 | €22,849 | €0 | -€22,849 | -100% |
| Current investments | 50/53 | €0 | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €189,854 | €213,543 | +€23,688 | +12.5% |
| Deferred charges and accrued income | 490/1 | €360 | €259 | -€100 | -27.9% |
| Total equity and liabilities | 10/49 | €1,638,859 | €1,969,603 | +€330,744 | +20.2% |
| Equity | 10/15 | €636,364 | €727,786 | +€91,422 | +14.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €614,364 | €705,786 | +€91,422 | +14.9% |
| Tax-exempt reserves | 132 | €67,628 | €66,429 | -€1,199 | -1.8% |
| Distributable reserves | 133 | €546,736 | €639,357 | +€92,621 | +16.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €12,959 | €12,560 | -€400 | -3.1% |
| Deferred taxes | 168 | €12,959 | €12,560 | -€400 | -3.1% |
| Amounts payable | 17/49 | €989,535 | €1,229,257 | +€239,722 | +24.2% |
| Amounts payable after more than one year | 17 | €629,313 | €590,546 | -€38,768 | -6.2% |
| Financial debts | 170/4 | €629,313 | €590,546 | -€38,768 | -6.2% |
| Amounts payable within one year | 42/48 | €348,056 | €635,622 | +€287,566 | +82.6% |
| Current portion of amounts payable after more than one year | 42 | €37,460 | €38,768 | +€1,308 | +3.5% |
| Trade debts | 44 | €154,580 | €313,009 | +€158,429 | +102% |
| Suppliers | 440/4 | €154,580 | €313,009 | +€158,429 | +102% |
| Taxes, remuneration and social security | 45 | €56,016 | €83,845 | +€27,829 | +49.7% |
| Taxes | 450/3 | €6,262 | €21,032 | +€14,770 | +236% |
| Remuneration and social security | 454/9 | €49,754 | €62,813 | +€13,059 | +26.2% |
| Other amounts payable | 47/48 | €100,000 | €200,000 | +€100,000 | +100% |
| Accrued charges and deferred income | 492/3 | €12,166 | €3,090 | -€9,076 | -74.6% |
| Non-recurring operating income | 76A | €53,303 | €0 | -€53,303 | -100% |
| Remuneration, social security and pensions | 62 | €260,417 | €325,598 | +€65,182 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,408 | €73,346 | +€22,938 | +45.5% |
| Other operating charges | 640/8 | €5,387 | €5,563 | +€176 | +3.3% |
| Gross operating margin | 9900 | €580,243 | €820,055 | +€239,813 | +41.3% |
| Operating profit (loss) | 9901 | €264,031 | €415,548 | +€151,517 | +57.4% |
| Financial income | 75/76B | €3,385 | €98 | -€3,287 | -97.1% |
| Recurring financial income | 75 | €3,385 | €98 | -€3,287 | -97.1% |
| Financial charges | 65/66B | €22,707 | €22,955 | +€248 | +1.1% |
| Recurring financial charges | 65 | €22,707 | €22,955 | +€248 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €244,709 | €392,692 | +€147,983 | +60.5% |
| Transfer from deferred taxes | 780 | €366 | €400 | +€33 | +9.1% |
| Transfer to deferred taxes | 680 | €13,326 | €0 | -€13,326 | -100% |
| Income taxes | 67/77 | €49,495 | €101,670 | +€52,174 | +105% |
| Profit (loss) for the period | 9904 | €182,254 | €291,422 | +€109,168 | +59.9% |
| Transfer from tax-exempt reserves | 789 | €1,099 | €1,199 | +€100 | +9.1% |
| Transfer to tax-exempt reserves | 689 | €39,977 | €0 | -€39,977 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €143,376 | €292,621 | +€149,245 | +104% |
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 29 October 2026 via checked.be.