IT3 EUROPE: 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.
IT3 EUROPE
Largest movements
- Cash +€21,669
up €21,669 (+714%), from €3,033 to €24,702
mainly Depreciation (+€15,329) and Receivables within one year (+€15,228)
- Receivables within one year -€15,228
down €15,228 (-76.8%), from €19,828 to €4,600
- Tangible fixed assets -€14,395
down €14,395 (-3.9%), from €369,320 to €354,925
of which Land and buildings: -€13,337
- Financial fixed assets +€8,617
up €8,617 (+43.8%), from €19,660 to €28,277
- Reserves +€36,873
up €36,873 (+13.7%), from €269,615 to €306,488
of which Distributable reserves: +€21,096
- Profit (loss) carried forward -€24,902
down €24,902 (-67.5%), from €36,873 to €11,971
- Debts after one year -€16,055
down €16,055 (-5.5%), from €293,095 to €277,040
- Purchases and services +€41,348
up €41,348 (+37.2%), from €111,055 to €152,403
- Gross operating margin -€23,935
down €23,935 (-32.6%), from €73,386 to €49,451
- Turnover +€17,413
up €17,413 (+9.4%), from €184,441 to €201,854
- Other operating charges +€7,511
new in 2025: €7,511
- Taxes -€5,228
down €5,228 (-56.7%), from €9,218 to €3,990
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 | €660,263 | €659,992 | -€271 | 0.0% |
| Fixed assets | 21/28 | €414,509 | €407,797 | -€6,712 | -1.6% |
| Intangible fixed assets | 21 | €25,529 | €24,595 | -€934 | -3.7% |
| Tangible fixed assets | 22/27 | €369,320 | €354,925 | -€14,395 | -3.9% |
| Land and buildings | 22 | €364,530 | €351,193 | -€13,337 | -3.7% |
| Plant, machinery and equipment | 23 | €2,952 | €2,354 | -€598 | -20.3% |
| Furniture and vehicles | 24 | €1,671 | €1,253 | -€418 | -25.0% |
| Other tangible fixed assets | 26 | €167 | €125 | -€42 | -25.1% |
| Financial fixed assets | 28 | €19,660 | €28,277 | +€8,617 | +43.8% |
| Current assets | 29/58 | €245,754 | €252,195 | +€6,441 | +2.6% |
| Amounts receivable after more than one year | 29 | €12,403 | €12,403 | = | 0.0% |
| Other amounts receivable | 291 | €12,403 | €12,403 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,828 | €4,600 | -€15,228 | -76.8% |
| Trade receivables | 40 | €19,828 | €4,600 | -€15,228 | -76.8% |
| Current investments | 50/53 | €210,490 | €210,490 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,033 | €24,702 | +€21,669 | +714% |
| Total equity and liabilities | 10/49 | €660,263 | €659,992 | -€271 | 0.0% |
| Equity | 10/15 | €325,088 | €337,059 | +€11,971 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,615 | €306,488 | +€36,873 | +13.7% |
| Non-distributable reserves | 130/1 | - | €15,777 | +€15,777 | |
| Other | 1319 | - | €15,777 | +€15,777 | |
| Distributable reserves | 133 | €269,615 | €290,711 | +€21,096 | +7.8% |
| Profit (loss) carried forward | 14 | €36,873 | €11,971 | -€24,902 | -67.5% |
| Amounts payable | 17/49 | €335,175 | €322,933 | -€12,242 | -3.7% |
| Amounts payable after more than one year | 17 | €293,095 | €277,040 | -€16,055 | -5.5% |
| Financial debts | 170/4 | €293,095 | €277,040 | -€16,055 | -5.5% |
| Amounts payable within one year | 42/48 | €42,080 | €45,893 | +€3,813 | +9.1% |
| Trade debts | 44 | €215 | €214 | -€1 | -0.5% |
| Suppliers | 440/4 | €215 | €214 | -€1 | -0.5% |
| Taxes, remuneration and social security | 45 | €41,865 | €45,679 | +€3,814 | +9.1% |
| Taxes | 450/3 | €41,865 | €45,679 | +€3,814 | +9.1% |
| Turnover | 70 | €184,441 | €201,854 | +€17,413 | +9.4% |
| Non-recurring operating income | 76A | - | €616 | +€616 | |
| Goods, raw materials, services and sundry goods | 60/61 | €111,055 | €152,403 | +€41,348 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,327 | €15,329 | +€2 | 0.0% |
| Other operating charges | 640/8 | - | €7,511 | +€7,511 | |
| Non-recurring operating charges | 66A | €354 | €117 | -€237 | -66.9% |
| Gross operating margin | 9900 | €73,386 | €49,451 | -€23,935 | -32.6% |
| Operating profit (loss) | 9901 | €57,705 | €26,494 | -€31,211 | -54.1% |
| Financial income | 75/76B | €148 | €616 | +€468 | +316% |
| Recurring financial income | 75 | €148 | €616 | +€468 | +316% |
| Non-recurring financial income | 76B | €148 | - | -€148 | |
| Financial charges | 65/66B | €11,762 | €11,149 | -€613 | -5.2% |
| Recurring financial charges | 65 | €11,762 | €11,149 | -€613 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €46,091 | €15,961 | -€30,130 | -65.4% |
| Income taxes | 67/77 | €9,218 | €3,990 | -€5,228 | -56.7% |
| Profit (loss) for the period | 9904 | €36,873 | €11,971 | -€24,902 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,873 | €11,971 | -€24,902 | -67.5% |
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 30 October 2026 via checked.be.