IT4two: 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.
IT4two
Largest movements
- Current investments +€162,244
up €162,244 (+19.8%), from €820,139 to €982,383
- Cash -€24,171
down €24,171 (-39.4%), from €61,314 to €37,143
mainly Current investments (-€162,244) and Receivables within one year (-€14,040)
- Receivables within one year +€14,040
up €14,040 (+34.8%), from €40,396 to €54,436
of which Other amounts receivable: +€20,339
- Reserves +€135,160
up €135,160 (+15.7%), from €859,379 to €994,539
of which Distributable reserves: +€135,160
- Gross operating margin -€157,742
down €157,742 (-45.4%), from €347,250 to €189,508
- Taxes -€48,470
down €48,470 (-45.4%), from €106,810 to €58,340
- Financial income +€9,415
up €9,415 (+120%), from €7,846 to €17,261
- Depreciation -€5,850
down €5,850 (-96.4%), from €6,071 to €221
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 | €931,302 | €1,075,438 | +€144,135 | +15.5% |
| Fixed assets | 21/28 | €9,454 | €780 | -€8,674 | -91.8% |
| Tangible fixed assets | 22/27 | €9,454 | €780 | -€8,674 | -91.8% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €9,454 | €780 | -€8,674 | -91.8% |
| Current assets | 29/58 | €921,849 | €1,074,658 | +€152,809 | +16.6% |
| Amounts receivable within one year | 40/41 | €40,396 | €54,436 | +€14,040 | +34.8% |
| Trade receivables | 40 | €40,396 | €34,098 | -€6,298 | -15.6% |
| Other amounts receivable | 41 | - | €20,339 | +€20,339 | |
| Current investments | 50/53 | €820,139 | €982,383 | +€162,244 | +19.8% |
| Cash at bank and in hand | 54/58 | €61,314 | €37,143 | -€24,171 | -39.4% |
| Deferred charges and accrued income | 490/1 | - | €695 | +€695 | |
| Total equity and liabilities | 10/49 | €931,302 | €1,075,438 | +€144,135 | +15.5% |
| Equity | 10/15 | €877,929 | €1,013,089 | +€135,160 | +15.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €859,379 | €994,539 | +€135,160 | +15.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €857,524 | €992,684 | +€135,160 | +15.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,373 | €62,349 | +€8,975 | +16.8% |
| Amounts payable within one year | 42/48 | €53,373 | €62,349 | +€8,975 | +16.8% |
| Trade debts | 44 | €97 | €622 | +€525 | +543% |
| Suppliers | 440/4 | €97 | €622 | +€525 | +543% |
| Taxes, remuneration and social security | 45 | €52,983 | €61,727 | +€8,744 | +16.5% |
| Taxes | 450/3 | €52,983 | €61,727 | +€8,744 | +16.5% |
| Other amounts payable | 47/48 | €294 | €0 | -€294 | -100% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €4,162 | €6,543 | +€2,381 | +57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,071 | €221 | -€5,850 | -96.4% |
| Other operating charges | 640/8 | €2,047 | €1,036 | -€1,010 | -49.4% |
| Non-recurring operating charges | 66A | €222 | €5,354 | +€5,132 | +2,310% |
| Gross operating margin | 9900 | €347,250 | €189,508 | -€157,742 | -45.4% |
| Operating profit (loss) | 9901 | €334,748 | €176,354 | -€158,393 | -47.3% |
| Financial income | 75/76B | €7,846 | €17,261 | +€9,415 | +120% |
| Recurring financial income | 75 | €7,846 | €17,261 | +€9,415 | +120% |
| Financial charges | 65/66B | €95 | €115 | +€20 | +21.4% |
| Recurring financial charges | 65 | €95 | €115 | +€20 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €342,498 | €193,500 | -€148,999 | -43.5% |
| Income taxes | 67/77 | €106,810 | €58,340 | -€48,470 | -45.4% |
| Profit (loss) for the period | 9904 | €235,689 | €135,160 | -€100,529 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €235,689 | €135,160 | -€100,529 | -42.7% |
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 16 October 2026 via checked.be.