IT4REAL: 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.
IT4REAL
Largest movements
- Cash +€99,251
up €99,251 (+38.7%), from €256,753 to €356,004
mainly Net result for the year (+€76,541) and Receivables within one year (+€24,101)
- Receivables within one year -€24,101
down €24,101 (-77.1%), from €31,251 to €7,150
of which Trade receivables: -€24,137
- Reserves +€76,541
up €76,541 (+31.7%), from €241,574 to €318,115
of which Distributable reserves: +€76,541
- Other debts -€18,600
down €18,600 (-9.7%), from €191,346 to €172,745
- Tax, wage and social debts +€14,912
up €14,912 (+155.7%), from €9,576 to €24,487
- Accrued charges and deferred income +€5,850
new in 2025: €5,850
- Gross operating margin +€34,709
up €34,709 (+43.9%), from €79,016 to €113,725
- Taxes +€10,247
up €10,247 (+44.2%), from €23,208 to €33,455
- Depreciation +€1,220
up €1,220 (+77.0%), from €1,585 to €2,805
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 | €469,964 | €544,971 | +€75,007 | +16.0% |
| Fixed assets | 21/28 | €21,472 | €19,905 | -€1,567 | -7.3% |
| Tangible fixed assets | 22/27 | €21,472 | €19,905 | -€1,567 | -7.3% |
| Land and buildings | 22 | €17,122 | €16,052 | -€1,070 | -6.3% |
| Plant, machinery and equipment | 23 | €4,272 | €3,853 | -€419 | -9.8% |
| Furniture and vehicles | 24 | €78 | €0 | -€78 | -100.0% |
| Current assets | 29/58 | €448,491 | €525,066 | +€76,575 | +17.1% |
| Amounts receivable within one year | 40/41 | €31,251 | €7,150 | -€24,101 | -77.1% |
| Trade receivables | 40 | €31,215 | €7,079 | -€24,137 | -77.3% |
| Other amounts receivable | 41 | €36 | €71 | +€35 | +98.8% |
| Current investments | 50/53 | €152,477 | €153,050 | +€573 | +0.4% |
| Cash at bank and in hand | 54/58 | €256,753 | €356,004 | +€99,251 | +38.7% |
| Deferred charges and accrued income | 490/1 | €8,010 | €8,862 | +€852 | +10.6% |
| Total equity and liabilities | 10/49 | €469,964 | €544,971 | +€75,007 | +16.0% |
| Equity | 10/15 | €263,069 | €339,610 | +€76,541 | +29.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €241,574 | €318,115 | +€76,541 | +31.7% |
| Non-distributable reserves | 130/1 | €22,100 | €22,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,100 | €22,100 | = | 0.0% |
| Distributable reserves | 133 | €219,474 | €296,015 | +€76,541 | +34.9% |
| Profit (loss) carried forward | 14 | €14,995 | €14,995 | = | 0.0% |
| Amounts payable | 17/49 | €206,895 | €205,361 | -€1,534 | -0.7% |
| Amounts payable within one year | 42/48 | €206,895 | €199,511 | -€7,384 | -3.6% |
| Financial debts | 43 | €199 | €358 | +€159 | +80.0% |
| Credit institutions | 430/8 | €199 | €358 | +€159 | +80.0% |
| Trade debts | 44 | €5,775 | €1,921 | -€3,854 | -66.7% |
| Suppliers | 440/4 | €5,775 | €1,921 | -€3,854 | -66.7% |
| Taxes, remuneration and social security | 45 | €9,576 | €24,487 | +€14,912 | +155.7% |
| Taxes | 450/3 | €9,576 | €24,487 | +€14,912 | +155.7% |
| Other amounts payable | 47/48 | €191,346 | €172,745 | -€18,600 | -9.7% |
| Accrued charges and deferred income | 492/3 | - | €5,850 | +€5,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,585 | €2,805 | +€1,220 | +77.0% |
| Other operating charges | 640/8 | €1,186 | €1,189 | +€3 | +0.2% |
| Non-recurring operating charges | 66A | - | €223 | +€223 | |
| Gross operating margin | 9900 | €79,016 | €113,725 | +€34,709 | +43.9% |
| Operating profit (loss) | 9901 | €76,245 | €109,509 | +€33,264 | +43.6% |
| Financial income | 75/76B | €614 | €819 | +€205 | +33.3% |
| Recurring financial income | 75 | €614 | €819 | +€205 | +33.3% |
| Financial charges | 65/66B | €191 | €332 | +€141 | +74.0% |
| Recurring financial charges | 65 | €191 | €332 | +€141 | +74.0% |
| Profit (loss) for the period before taxes | 9903 | €76,668 | €109,996 | +€33,327 | +43.5% |
| Income taxes | 67/77 | €23,208 | €33,455 | +€10,247 | +44.2% |
| Profit (loss) for the period | 9904 | €53,460 | €76,541 | +€23,081 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,460 | €76,541 | +€23,081 | +43.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.