it4ip: 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.
it4ip
Largest movements
- Cash +€796,180
up €796,180 (+98.6%), from €807,299 to €1.6m
mainly Net result for the year (+€1.5m) and Other debts (+€779,213)
- Receivables within one year +€180,659
up €180,659 (+42.5%), from €424,760 to €605,419
of which Trade receivables: +€177,651
- Tangible fixed assets -€132,715
down €132,715 (-8.1%), from €1.6m to €1.5m
of which Plant, machinery and equipment: -€72,850
- Stocks and contracts +€59,965
up €59,965 (+8.0%), from €751,468 to €811,433
- Other debts +€779,213
up €779,213 (+114.3%), from €682,000 to €1.5m
- Short-term financial debts +€325,902
new in 2025: €325,902
- Debts after one year -€161,976
down €161,976 (-30.3%), from €534,920 to €372,944
- Current portion of long-term debt -€64,171
down €64,171 (-21.7%), from €295,305 to €231,134
- Gross operating margin +€1.0m
up €1.0m (+49.5%), from €2.1m to €3.1m
- Taxes +€256,385
up €256,385 (+105.9%), from €242,060 to €498,445
- Depreciation -€56,101
down €56,101 (-21.4%), from €262,594 to €206,493
- Staff costs +€32,766
up €32,766 (+3.8%), from €857,849 to €890,615
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 | €3,699,165 | €4,588,600 | +€889,435 | +24.0% |
| Fixed assets | 21/28 | €1,702,360 | €1,553,350 | -€149,011 | -8.8% |
| Intangible fixed assets | 21 | €56,859 | €40,563 | -€16,296 | -28.7% |
| Tangible fixed assets | 22/27 | €1,644,951 | €1,512,237 | -€132,715 | -8.1% |
| Land and buildings | 22 | €840,487 | €778,170 | -€62,317 | -7.4% |
| Plant, machinery and equipment | 23 | €798,197 | €725,348 | -€72,850 | -9.1% |
| Furniture and vehicles | 24 | €6,267 | €8,719 | +€2,452 | +39.1% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €1,996,805 | €3,035,250 | +€1.0m | +52.0% |
| Stocks and contracts in progress | 3 | €751,468 | €811,433 | +€59,965 | +8.0% |
| Stocks | 30/36 | €751,468 | €811,433 | +€59,965 | +8.0% |
| Amounts receivable within one year | 40/41 | €424,760 | €605,419 | +€180,659 | +42.5% |
| Trade receivables | 40 | €388,732 | €566,383 | +€177,651 | +45.7% |
| Other amounts receivable | 41 | €36,029 | €39,036 | +€3,008 | +8.3% |
| Cash at bank and in hand | 54/58 | €807,299 | €1,603,479 | +€796,180 | +98.6% |
| Deferred charges and accrued income | 490/1 | €13,277 | €14,919 | +€1,642 | +12.4% |
| Total equity and liabilities | 10/49 | €3,699,165 | €4,588,600 | +€889,435 | +24.0% |
| Equity | 10/15 | €1,724,096 | €1,738,460 | +€14,365 | +0.8% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,370,937 | €1,400,888 | +€29,951 | +2.2% |
| Investment grants | 15 | €216,759 | €201,172 | -€15,586 | -7.2% |
| Amounts payable | 17/49 | €1,975,069 | €2,850,139 | +€875,070 | +44.3% |
| Amounts payable after more than one year | 17 | €534,920 | €372,944 | -€161,976 | -30.3% |
| Financial debts | 170/4 | €534,920 | €372,944 | -€161,976 | -30.3% |
| Amounts payable within one year | 42/48 | €1,414,865 | €2,441,637 | +€1.0m | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €295,305 | €231,134 | -€64,171 | -21.7% |
| Financial debts | 43 | - | €325,902 | +€325,902 | |
| Credit institutions | 430/8 | - | €325,902 | +€325,902 | |
| Trade debts | 44 | €110,020 | €131,954 | +€21,934 | +19.9% |
| Suppliers | 440/4 | €110,020 | €131,954 | +€21,934 | +19.9% |
| Taxes, remuneration and social security | 45 | €327,540 | €291,435 | -€36,106 | -11.0% |
| Taxes | 450/3 | €217,130 | €163,007 | -€54,123 | -24.9% |
| Remuneration and social security | 454/9 | €110,411 | €128,428 | +€18,017 | +16.3% |
| Other amounts payable | 47/48 | €682,000 | €1,461,213 | +€779,213 | +114.3% |
| Accrued charges and deferred income | 492/3 | €25,285 | €35,559 | +€10,274 | +40.6% |
| Remuneration, social security and pensions | 62 | €857,849 | €890,615 | +€32,766 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,594 | €206,493 | -€56,101 | -21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,122 | €1,511 | +€389 | +34.6% |
| Other operating charges | 640/8 | €9,014 | €10,170 | +€1,156 | +12.8% |
| Gross operating margin | 9900 | €2,094,358 | €3,130,234 | +€1.0m | +49.5% |
| Operating profit (loss) | 9901 | €963,778 | €2,021,445 | +€1.1m | +109.7% |
| Financial income | 75/76B | €21,391 | €20,733 | -€658 | -3.1% |
| Recurring financial income | 75 | €21,391 | €20,733 | -€658 | -3.1% |
| Financial charges | 65/66B | €57,063 | €52,569 | -€4,494 | -7.9% |
| Recurring financial charges | 65 | €57,063 | €52,569 | -€4,494 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €928,106 | €1,989,608 | +€1.1m | +114.4% |
| Income taxes | 67/77 | €242,060 | €498,445 | +€256,385 | +105.9% |
| Profit (loss) for the period | 9904 | €686,046 | €1,491,164 | +€805,117 | +117.4% |
| Profit (loss) for the period to be appropriated | 9905 | €686,046 | €1,491,164 | +€805,117 | +117.4% |
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 12 October 2026 via checked.be.