IT1 Group: 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.
What changed
IT1 Group
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€128,325
2024 · €541,894-€413,570
Equity
€1.3m
2024 · €2.8m-€1.4m
Cash
€293,982
2024 · €2.0m-€1.8m
Balance sheet total
€2.6m
2024 · €7.3m-€4.7m
Largest movements
Assets
- Cash -€1.8m
down €1.8m (-85.7%), from €2.0m to €293,982
mainly Trade debts (-€2.2m) and Contributions, distributions and other (-€1.6m)
- Receivables within one year -€1.4m
down €1.4m (-74.3%), from €1.9m to €485,188
of which Trade receivables: -€1.4m
- Intangible fixed assets -€566,008
down €566,008 (-75.1%), from €753,763 to €187,756
- Tangible fixed assets -€366,858
down €366,858 (-23.0%), from €1.6m to €1.2m
of which Plant, machinery and equipment: -€318,408
- Stocks and contracts -€327,300
down €327,300 (-100.0%), from €327,300 to €0
Equity and liabilities
- Trade debts -€2.2m
down €2.2m (-97.1%), from €2.2m to €64,574
- Reserves -€1.3m
down €1.3m (-59.1%), from €2.2m to €886,111
of which Distributable reserves: -€1.2m
- Other debts +€786,769
new in 2025: €786,769
- Tax, wage and social debts -€587,989
down €587,989 (-70.3%), from €836,637 to €248,648
of which Remuneration and social security: -€308,712
- Debts after one year -€539,030
down €539,030 (-95.7%), from €562,968 to €23,938
Income statement
- Turnover -€12.5m
down €12.5m (-87.4%), from €14.3m to €1.8m
- Goods and materials -€9.3m
down €9.3m (-97.8%), from €9.5m to €208,137
of which Purchases: -€9.2m
- Staff costs -€1.7m
down €1.7m (-67.2%), from €2.5m to €817,779
- Depreciation -€338,115
down €338,115 (-66.7%), from €507,268 to €169,153
- Other operating income +€208,020
up €208,020 (+212.7%), from €97,822 to €305,841
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.
Result 2024
€541,894
Turnover
-€12.5m
Other operating income
+€208,020
Goods and materials
+€9.3m
Services and other goods
+€207,281
Staff costs
+€1.7m
Depreciation
+€338,115
Write-downs
+€3,421
Other operating charges
+€8,289
Other operating items
+€152,179
Financial income
-€5,781
Financial charges
+€22,201
Taxes
+€184,510
Result 2025
€128,325
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.
From operations
-€400,378
Investment
+€989,392
Financing
-€2.3m
Cash 2024
€2.0m
From operations (derived)
-€400,378
Net result for the year
+€128,325
Depreciation
+€169,153
Stocks and contracts
+€327,300
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€88,178
Trade debts
-€2.2m
Tax, wage and social debts
-€587,989
Advances received
-€537,785
Other debts
+€786,769
Accrued charges and deferred income
-€17,410
Investment (derived)
+€989,392
Investment in fixed assets (net)
+€726,619
Current investments
+€262,772
Financing
-€2.3m
Debts after one year
-€539,030
Current portion of long-term debt
-€236,109
Contributions, distributions and other
-€1.6m
Cash 2025
€293,982
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,341,983 | €2,610,163 | -€4.7m | -64.4% |
| Fixed assets | 21/28 | €2,440,064 | €1,544,292 | -€895,772 | -36.7% |
| Intangible fixed assets | 21 | €753,763 | €187,756 | -€566,008 | -75.1% |
| Tangible fixed assets | 22/27 | €1,594,167 | €1,227,309 | -€366,858 | -23.0% |
| Land and buildings | 22 | €871,682 | €832,410 | -€39,271 | -4.5% |
| Plant, machinery and equipment | 23 | €643,711 | €325,303 | -€318,408 | -49.5% |
| Furniture and vehicles | 24 | €73,568 | €64,939 | -€8,629 | -11.7% |
| Other tangible fixed assets | 26 | €5,206 | €4,656 | -€550 | -10.6% |
| Financial fixed assets | 28 | €92,134 | €129,228 | +€37,094 | +40.3% |
| Companies linked by participating interests | 282/3 | €12,534 | €0 | -€12,534 | -100.0% |
| Participating interests | 282 | €12,534 | €0 | -€12,534 | -100.0% |
| Other financial fixed assets | 284/8 | €79,600 | €129,228 | +€49,628 | +62.3% |
| Shares | 284 | - | €125,000 | +€125,000 | |
| Amounts receivable and cash guarantees | 285/8 | €79,600 | €4,228 | -€75,372 | -94.7% |
| Current assets | 29/58 | €4,901,919 | €1,065,871 | -€3.8m | -78.3% |
| Stocks and contracts in progress | 3 | €327,300 | €0 | -€327,300 | -100.0% |
| Stocks | 30/36 | €327,300 | €0 | -€327,300 | -100.0% |
| Goods purchased for resale | 34 | €327,300 | €0 | -€327,300 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,888,020 | €485,188 | -€1.4m | -74.3% |
| Trade receivables | 40 | €1,888,020 | €474,813 | -€1.4m | -74.9% |
| Other amounts receivable | 41 | - | €10,375 | +€10,375 | |
| Current investments | 50/53 | €539,048 | €276,275 | -€262,772 | -48.7% |
| Other investments | 51/53 | €539,048 | €276,275 | -€262,772 | -48.7% |
| Cash at bank and in hand | 54/58 | €2,048,948 | €293,982 | -€1.8m | -85.7% |
| Deferred charges and accrued income | 490/1 | €98,602 | €10,425 | -€88,178 | -89.4% |
| Total equity and liabilities | 10/49 | €7,341,983 | €2,610,163 | -€4.7m | -64.4% |
| Equity | 10/15 | €2,776,284 | €1,335,770 | -€1.4m | -51.9% |
| Contributions | 10/11 | €69,000 | €36,294 | -€32,706 | -47.4% |
| Reserves | 13 | €2,165,390 | €886,111 | -€1.3m | -59.1% |
| Non-distributable reserves | 130/1 | €6,900 | €3,629 | -€3,271 | -47.4% |
| Reserves not available under the articles | 1311 | €6,900 | €3,629 | -€3,271 | -47.4% |
| Tax-exempt reserves | 132 | €75,136 | €39,522 | -€35,614 | -47.4% |
| Distributable reserves | 133 | €2,083,354 | €842,960 | -€1.2m | -59.5% |
| Profit (loss) carried forward | 14 | €541,894 | €413,364 | -€128,531 | -23.7% |
| Amounts payable | 17/49 | €4,565,698 | €1,274,393 | -€3.3m | -72.1% |
| Amounts payable after more than one year | 17 | €562,968 | €23,938 | -€539,030 | -95.7% |
| Financial debts | 170/4 | €562,968 | €23,938 | -€539,030 | -95.7% |
| Credit institutions | 173 | €562,968 | €23,938 | -€539,030 | -95.7% |
| Amounts payable within one year | 42/48 | €3,926,589 | €1,191,724 | -€2.7m | -69.6% |
| Current portion of amounts payable after more than one year | 42 | €310,574 | €74,465 | -€236,109 | -76.0% |
| Trade debts | 44 | €2,224,323 | €64,574 | -€2.2m | -97.1% |
| Suppliers | 440/4 | €2,224,323 | €64,574 | -€2.2m | -97.1% |
| Advances received on contracts in progress | 46 | €555,054 | €17,269 | -€537,785 | -96.9% |
| Taxes, remuneration and social security | 45 | €836,637 | €248,648 | -€587,989 | -70.3% |
| Taxes | 450/3 | €404,852 | €125,575 | -€279,277 | -69.0% |
| Remuneration and social security | 454/9 | €431,785 | €123,073 | -€308,712 | -71.5% |
| Other amounts payable | 47/48 | - | €786,769 | +€786,769 | |
| Accrued charges and deferred income | 492/3 | €76,141 | €58,731 | -€17,410 | -22.9% |
| Operating income | 70/76A | €14,383,766 | €2,258,666 | -€12.1m | -84.3% |
| Turnover | 70 | €14,278,894 | €1,793,595 | -€12.5m | -87.4% |
| Own construction capitalised | 72 | - | €143,730 | +€143,730 | |
| Other operating income | 74 | €97,822 | €305,841 | +€208,020 | +212.7% |
| Non-recurring operating income | 76A | €7,051 | €15,500 | +€8,449 | +119.8% |
| Operating charges | 60/66A | €13,620,223 | €2,109,622 | -€11.5m | -84.5% |
| Goods for resale, raw materials and consumables | 60 | €9,483,680 | €208,137 | -€9.3m | -97.8% |
| Purchases | 600/8 | €9,389,433 | €208,137 | -€9.2m | -97.8% |
| Change in stocks: decrease (increase) | 609 | €94,247 | €0 | -€94,247 | -100.0% |
| Services and other goods | 61 | €1,109,137 | €901,856 | -€207,281 | -18.7% |
| Remuneration, social security and pensions | 62 | €2,495,732 | €817,779 | -€1.7m | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507,268 | €169,153 | -€338,115 | -66.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,421 | €0 | -€3,421 | -100.0% |
| Other operating charges | 640/8 | €20,986 | €12,697 | -€8,289 | -39.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €763,544 | €149,044 | -€614,499 | -80.5% |
| Financial income | 75/76B | €40,878 | €35,097 | -€5,781 | -14.1% |
| Recurring financial income | 75 | €40,878 | €35,097 | -€5,781 | -14.1% |
| Income from financial fixed assets | 750 | €8,195 | €0 | -€8,195 | -100.0% |
| Income from current assets | 751 | €18,413 | €8,561 | -€9,852 | -53.5% |
| Other financial income | 752/9 | €14,270 | €26,536 | +€12,266 | +86.0% |
| Financial charges | 65/66B | €37,837 | €15,636 | -€22,201 | -58.7% |
| Recurring financial charges | 65 | €37,651 | €15,636 | -€22,015 | -58.5% |
| Debt charges | 650 | €33,696 | €15,037 | -€18,658 | -55.4% |
| Other financial charges | 652/9 | €3,955 | €599 | -€3,357 | -84.9% |
| Non-recurring financial charges | 66B | €186 | €0 | -€186 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €766,584 | €168,505 | -€598,079 | -78.0% |
| Income taxes | 67/77 | €224,690 | €40,180 | -€184,510 | -82.1% |
| Taxes | 670/3 | €224,709 | €40,180 | -€184,528 | -82.1% |
| Tax adjustments and reversals of tax provisions | 77 | €19 | €0 | -€19 | -100.0% |
| Profit (loss) for the period | 9904 | €541,894 | €128,325 | -€413,570 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €541,894 | €128,325 | -€413,570 | -76.3% |
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 9 October 2026 via checked.be.