IT2BE: 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.
IT2BE
Largest movements
- Cash -€26,705
down €26,705 (-30.0%), from €88,983 to €62,279
mainly Net result for the year (-€32,328) and Receivables within one year (-€1,107)
- Profit (loss) carried forward -€32,328
down €32,328 (-79.6%), from -€40,622 to -€72,950
- Trade debts +€3,903
up €3,903 (+131.4%), from €2,970 to €6,873
- Gross operating margin -€4,018
down €4,018 (-15.6%), from -€25,822 to -€29,840
- Financial charges -€3,350
down €3,350 (-72.0%), from €4,654 to €1,304
- Financial income -€525
down €525 (-43.1%), from €1,219 to €694
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,162 | €123,608 | -€27,554 | -18.2% |
| Fixed assets | 21/28 | €2,451 | €1,900 | -€552 | -22.5% |
| Tangible fixed assets | 22/27 | €2,451 | €1,900 | -€552 | -22.5% |
| Plant, machinery and equipment | 23 | - | €263 | +€263 | |
| Furniture and vehicles | 24 | €2,451 | €1,636 | -€815 | -33.2% |
| Current assets | 29/58 | €148,711 | €121,709 | -€27,003 | -18.2% |
| Amounts receivable within one year | 40/41 | €10,951 | €12,058 | +€1,107 | +10.1% |
| Trade receivables | 40 | €8,208 | €8,609 | +€401 | +4.9% |
| Other amounts receivable | 41 | €2,743 | €3,449 | +€706 | +25.7% |
| Current investments | 50/53 | €47,350 | €47,350 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,983 | €62,279 | -€26,705 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,428 | €23 | -€1,405 | -98.4% |
| Total equity and liabilities | 10/49 | €151,162 | €123,608 | -€27,554 | -18.2% |
| Equity | 10/15 | €147,565 | €115,237 | -€32,328 | -21.9% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Reserves | 13 | €180,487 | €180,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €178,627 | €178,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,622 | -€72,950 | -€32,328 | -79.6% |
| Amounts payable | 17/49 | €3,598 | €8,372 | +€4,774 | +132.7% |
| Amounts payable within one year | 42/48 | €3,598 | €7,828 | +€4,230 | +117.6% |
| Trade debts | 44 | €2,970 | €6,873 | +€3,903 | +131.4% |
| Suppliers | 440/4 | €2,970 | €6,873 | +€3,903 | +131.4% |
| Taxes, remuneration and social security | 45 | €628 | €955 | +€327 | +52.0% |
| Taxes | 450/3 | €328 | €655 | +€327 | +99.5% |
| Remuneration and social security | 454/9 | €300 | €300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €544 | +€544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €815 | €947 | +€132 | +16.2% |
| Other operating charges | 640/8 | €529 | €628 | +€99 | +18.8% |
| Gross operating margin | 9900 | -€25,822 | -€29,840 | -€4,018 | -15.6% |
| Operating profit (loss) | 9901 | -€27,166 | -€31,415 | -€4,249 | -15.6% |
| Financial income | 75/76B | €1,219 | €694 | -€525 | -43.1% |
| Recurring financial income | 75 | €1,219 | €694 | -€525 | -43.1% |
| Financial charges | 65/66B | €4,654 | €1,304 | -€3,350 | -72.0% |
| Recurring financial charges | 65 | €4,654 | €1,304 | -€3,350 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,601 | -€32,025 | -€1,424 | -4.7% |
| Income taxes | 67/77 | €314 | €303 | -€11 | -3.4% |
| Profit (loss) for the period | 9904 | -€30,915 | -€32,328 | -€1,413 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,915 | -€32,328 | -€1,413 | -4.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.