IT WAT: 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 WAT
Largest movements
- Cash +€39,707
up €39,707 (+53.7%), from €73,945 to €113,652
mainly Net result for the year (+€59,891) and Depreciation (+€1,775)
- Tangible fixed assets +€3,254
up €3,254 (+112.0%), from €2,905 to €6,159
- Profit (loss) carried forward +€59,891
up €59,891 (+58.9%), from €101,601 to €161,492
- Other debts -€10,677
down €10,677 (-29.4%), from €36,262 to €25,585
- Tax, wage and social debts -€6,425
down €6,425 (-45.9%), from €14,009 to €7,584
- Gross operating margin +€3,322
up €3,322 (+4.2%), from €79,280 to €82,602
- Taxes +€1,050
up €1,050 (+5.3%), from €19,885 to €20,936
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.
Cash bridge derived
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 | €158,733 | €202,381 | +€43,648 | +27.5% |
| Fixed assets | 21/28 | €2,905 | €6,159 | +€3,254 | +112.0% |
| Tangible fixed assets | 22/27 | €2,905 | €6,159 | +€3,254 | +112.0% |
| Furniture and vehicles | 24 | €2,905 | €6,159 | +€3,254 | +112.0% |
| Current assets | 29/58 | €155,829 | €196,222 | +€40,393 | +25.9% |
| Amounts receivable within one year | 40/41 | €10,767 | €11,811 | +€1,044 | +9.7% |
| Trade receivables | 40 | €10,346 | €11,811 | +€1,465 | +14.2% |
| Other amounts receivable | 41 | €421 | - | -€421 | |
| Current investments | 50/53 | €70,000 | €69,372 | -€628 | -0.9% |
| Cash at bank and in hand | 54/58 | €73,945 | €113,652 | +€39,707 | +53.7% |
| Deferred charges and accrued income | 490/1 | €1,117 | €1,388 | +€270 | +24.2% |
| Total equity and liabilities | 10/49 | €158,733 | €202,381 | +€43,648 | +27.5% |
| Equity | 10/15 | €107,801 | €167,692 | +€59,891 | +55.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,601 | €161,492 | +€59,891 | +58.9% |
| Amounts payable | 17/49 | €50,932 | €34,689 | -€16,243 | -31.9% |
| Amounts payable within one year | 42/48 | €50,932 | €34,689 | -€16,243 | -31.9% |
| Trade debts | 44 | €661 | €1,520 | +€859 | +129.8% |
| Suppliers | 440/4 | €661 | €1,520 | +€859 | +129.8% |
| Taxes, remuneration and social security | 45 | €14,009 | €7,584 | -€6,425 | -45.9% |
| Taxes | 450/3 | €14,009 | €7,584 | -€6,425 | -45.9% |
| Other amounts payable | 47/48 | €36,262 | €25,585 | -€10,677 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,453 | €1,775 | +€323 | +22.2% |
| Other operating charges | 640/8 | €177 | €183 | +€6 | +3.4% |
| Gross operating margin | 9900 | €79,280 | €82,602 | +€3,322 | +4.2% |
| Operating profit (loss) | 9901 | €77,651 | €80,644 | +€2,993 | +3.9% |
| Financial income | 75/76B | €1,180 | €483 | -€697 | -59.1% |
| Recurring financial income | 75 | €1,180 | €483 | -€697 | -59.1% |
| Financial charges | 65/66B | €161 | €300 | +€139 | +86.1% |
| Recurring financial charges | 65 | €161 | €300 | +€139 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €78,670 | €80,826 | +€2,157 | +2.7% |
| Income taxes | 67/77 | €19,885 | €20,936 | +€1,050 | +5.3% |
| Profit (loss) for the period | 9904 | €58,784 | €59,891 | +€1,107 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,784 | €59,891 | +€1,107 | +1.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.