IT32: 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.
IT32
Largest movements
- Cash -€47,747
down €47,747 (-60.4%), from €79,083 to €31,336
mainly Contributions, distributions and other (-€111,680) and Tax, wage and social debts (-€19,343)
- Stocks and contracts -€4,358
down €4,358 (-90.6%), from €4,809 to €451
- Tangible fixed assets -€3,163
down €3,163 (-20.6%), from €15,325 to €12,162
of which Furniture and vehicles: -€8,064
- Receivables within one year +€1,233
up €1,233 (+8.3%), from €14,883 to €16,116
of which Other amounts receivable: +€2,141
- Reserves -€83,044
no longer reported in 2025 (was €83,044)
- Other debts +€47,561
up €47,561 (+2888.4%), from €1,647 to €49,208
- Tax, wage and social debts -€19,343
down €19,343 (-73.9%), from €26,185 to €6,842
- Gross operating margin +€10,748
up €10,748 (+28.0%), from €38,353 to €49,101
- Financial charges +€4,910
up €4,910 (+5108.0%), from €96 to €5,006
- Depreciation +€1,325
up €1,325 (+23.5%), from €5,631 to €6,955
- Other operating charges +€516
up €516 (+390.4%), from €132 to €649
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 | €115,100 | €60,557 | -€54,542 | -47.4% |
| Fixed assets | 21/28 | €15,325 | €12,162 | -€3,163 | -20.6% |
| Tangible fixed assets | 22/27 | €15,325 | €12,162 | -€3,163 | -20.6% |
| Plant, machinery and equipment | 23 | €2,864 | €7,766 | +€4,902 | +171.1% |
| Furniture and vehicles | 24 | €12,461 | €4,396 | -€8,064 | -64.7% |
| Current assets | 29/58 | €99,774 | €48,395 | -€51,379 | -51.5% |
| Stocks and contracts in progress | 3 | €4,809 | €451 | -€4,358 | -90.6% |
| Stocks | 30/36 | €4,809 | €451 | -€4,358 | -90.6% |
| Amounts receivable within one year | 40/41 | €14,883 | €16,116 | +€1,233 | +8.3% |
| Trade receivables | 40 | €14,883 | €13,976 | -€908 | -6.1% |
| Other amounts receivable | 41 | - | €2,141 | +€2,141 | |
| Cash at bank and in hand | 54/58 | €79,083 | €31,336 | -€47,747 | -60.4% |
| Deferred charges and accrued income | 490/1 | €999 | €492 | -€508 | -50.8% |
| Total equity and liabilities | 10/49 | €115,100 | €60,557 | -€54,542 | -47.4% |
| Equity | 10/15 | €86,044 | €3,000 | -€83,044 | -96.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €83,044 | - | -€83,044 | |
| Distributable reserves | 133 | €83,044 | - | -€83,044 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €29,055 | €57,557 | +€28,502 | +98.1% |
| Amounts payable within one year | 42/48 | €29,055 | €57,557 | +€28,502 | +98.1% |
| Trade debts | 44 | €1,223 | €1,508 | +€284 | +23.2% |
| Suppliers | 440/4 | €1,223 | €1,508 | +€284 | +23.2% |
| Taxes, remuneration and social security | 45 | €26,185 | €6,842 | -€19,343 | -73.9% |
| Taxes | 450/3 | €26,185 | €6,842 | -€19,343 | -73.9% |
| Other amounts payable | 47/48 | €1,647 | €49,208 | +€47,561 | +2888.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,631 | €6,955 | +€1,325 | +23.5% |
| Other operating charges | 640/8 | €132 | €649 | +€516 | +390.4% |
| Gross operating margin | 9900 | €38,353 | €49,101 | +€10,748 | +28.0% |
| Operating profit (loss) | 9901 | €32,590 | €41,497 | +€8,908 | +27.3% |
| Financial income | 75/76B | €0 | €2 | +€2 | +10200.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +10200.0% |
| Financial charges | 65/66B | €96 | €5,006 | +€4,910 | +5108.0% |
| Recurring financial charges | 65 | €96 | €5,006 | +€4,910 | +5108.0% |
| Profit (loss) for the period before taxes | 9903 | €32,494 | €36,493 | +€4,000 | +12.3% |
| Income taxes | 67/77 | €7,567 | €7,858 | +€291 | +3.8% |
| Profit (loss) for the period | 9904 | €24,927 | €28,635 | +€3,709 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,927 | €28,635 | +€3,709 | +14.9% |
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 10 October 2026 via checked.be.