IT-Rex Consulting: 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-Rex Consulting
Largest movements
- Receivables within one year -€219,959
down €219,959 (-74.6%), from €295,009 to €75,051
of which Other amounts receivable: -€111,505
- Cash -€148,767
down €148,767 (-78.1%), from €190,512 to €41,745
mainly Contributions, distributions and other (-€328,300) and Investment in fixed assets (net) (-€64,654)
- Current investments +€15,021
new in 2025: €15,021
- Tangible fixed assets +€7,244
up €7,244 (+4.8%), from €151,726 to €158,971
of which Furniture and vehicles: +€11,216
- Profit (loss) carried forward -€294,211
no longer reported in 2025 (was €294,211)
- Other debts +€130,949
up €130,949 (+2,862%), from €4,575 to €135,524
- Tax, wage and social debts -€58,568
down €58,568 (-58.3%), from €100,530 to €41,962
of which Remuneration and social security: -€32,579
- Trade debts -€41,697
down €41,697 (-78.5%), from €53,084 to €11,387
- Debts after one year -€40,979
down €40,979 (-65.9%), from €62,177 to €21,198
- Gross operating margin -€316,322
down €316,322 (-52.9%), from €597,847 to €281,525
- Staff costs -€72,589
down €72,589 (-32.9%), from €220,862 to €148,273
- Other operating charges -€47,467
down €47,467 (-45.7%), from €103,894 to €56,427
- Taxes -€45,214
down €45,214 (-85.5%), from €52,858 to €7,644
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 | €646,280 | €297,513 | -€348,767 | -54.0% |
| Fixed assets | 21/28 | €151,726 | €158,971 | +€7,244 | +4.8% |
| Tangible fixed assets | 22/27 | €151,726 | €158,971 | +€7,244 | +4.8% |
| Plant, machinery and equipment | 23 | €12,403 | €8,432 | -€3,972 | -32.0% |
| Furniture and vehicles | 24 | €139,323 | €150,539 | +€11,216 | +8.1% |
| Current assets | 29/58 | €494,554 | €138,542 | -€356,012 | -72.0% |
| Amounts receivable within one year | 40/41 | €295,009 | €75,051 | -€219,959 | -74.6% |
| Trade receivables | 40 | €160,943 | €52,489 | -€108,454 | -67.4% |
| Other amounts receivable | 41 | €134,067 | €22,561 | -€111,505 | -83.2% |
| Current investments | 50/53 | - | €15,021 | +€15,021 | |
| Cash at bank and in hand | 54/58 | €190,512 | €41,745 | -€148,767 | -78.1% |
| Deferred charges and accrued income | 490/1 | €9,032 | €6,726 | -€2,306 | -25.5% |
| Total equity and liabilities | 10/49 | €646,280 | €297,513 | -€348,767 | -54.0% |
| Equity | 10/15 | €368,311 | €45,627 | -€322,684 | -87.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €73,100 | €44,627 | -€28,473 | -39.0% |
| Distributable reserves | 133 | €73,100 | €44,627 | -€28,473 | -39.0% |
| Profit (loss) carried forward | 14 | €294,211 | - | -€294,211 | |
| Amounts payable | 17/49 | €277,969 | €251,885 | -€26,083 | -9.4% |
| Amounts payable after more than one year | 17 | €62,177 | €21,198 | -€40,979 | -65.9% |
| Financial debts | 170/4 | €62,177 | €21,198 | -€40,979 | -65.9% |
| Amounts payable within one year | 42/48 | €188,292 | €203,188 | +€14,896 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €30,102 | €14,315 | -€15,787 | -52.4% |
| Trade debts | 44 | €53,084 | €11,387 | -€41,697 | -78.5% |
| Suppliers | 440/4 | €53,084 | €11,387 | -€41,697 | -78.5% |
| Taxes, remuneration and social security | 45 | €100,530 | €41,962 | -€58,568 | -58.3% |
| Taxes | 450/3 | €60,367 | €34,378 | -€25,990 | -43.1% |
| Remuneration and social security | 454/9 | €40,163 | €7,584 | -€32,579 | -81.1% |
| Other amounts payable | 47/48 | €4,575 | €135,524 | +€130,949 | +2,862% |
| Accrued charges and deferred income | 492/3 | €27,500 | €27,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €220,862 | €148,273 | -€72,589 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,341 | €57,409 | +€5,068 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,698 | - | -€4,698 | |
| Other operating charges | 640/8 | €103,894 | €56,427 | -€47,467 | -45.7% |
| Non-recurring operating charges | 66A | €2,904 | - | -€2,904 | |
| Gross operating margin | 9900 | €597,847 | €281,525 | -€316,322 | -52.9% |
| Operating profit (loss) | 9901 | €213,148 | €19,416 | -€193,732 | -90.9% |
| Financial income | 75/76B | €5,387 | €202 | -€5,186 | -96.3% |
| Recurring financial income | 75 | €5,387 | €202 | -€5,186 | -96.3% |
| Financial charges | 65/66B | €8,059 | €6,358 | -€1,702 | -21.1% |
| Recurring financial charges | 65 | €8,059 | €6,358 | -€1,702 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €210,476 | €13,260 | -€197,216 | -93.7% |
| Income taxes | 67/77 | €52,858 | €7,644 | -€45,214 | -85.5% |
| Profit (loss) for the period | 9904 | €157,618 | €5,616 | -€152,002 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €157,618 | €5,616 | -€152,002 | -96.4% |
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 31 October 2026 via checked.be.