IT4U: 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.
IT4U
Largest movements
- Receivables within one year +€163,661
up €163,661 (+59.7%), from €273,977 to €437,638
of which Trade receivables: +€163,693
- Cash -€105,971
down €105,971 (-49.3%), from €214,966 to €108,995
mainly Contributions, distributions and other (-€393,065) and Investment in fixed assets (net) (-€172,388)
- Intangible fixed assets +€29,008
up €29,008 (+213.6%), from €13,578 to €42,586
- Stocks and contracts +€27,390
up €27,390 (+32.3%), from €84,712 to €112,102
- Tangible fixed assets +€25,873
up €25,873 (+8.3%), from €311,732 to €337,605
of which Furniture and vehicles: +€33,776
- Trade debts +€216,442
up €216,442 (+139.7%), from €154,963 to €371,405
- Reserves -€170,542
down €170,542 (-46.8%), from €364,505 to €193,963
of which Distributable reserves: -€170,542
- Debts after one year +€51,171
up €51,171 (+27.1%), from €188,981 to €240,152
- Current portion of long-term debt +€35,913
up €35,913 (+41.6%), from €86,416 to €122,329
- Staff costs +€73,586
up €73,586 (+18.3%), from €402,939 to €476,525
- Gross operating margin +€45,108
up €45,108 (+5.1%), from €878,720 to €923,828
- Taxes -€10,634
down €10,634 (-11.4%), from €93,123 to €82,489
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 | €907,987 | €1,048,296 | +€140,309 | +15.5% |
| Fixed assets | 21/28 | €325,310 | €380,191 | +€54,882 | +16.9% |
| Intangible fixed assets | 21 | €13,578 | €42,586 | +€29,008 | +213.6% |
| Tangible fixed assets | 22/27 | €311,732 | €337,605 | +€25,873 | +8.3% |
| Plant, machinery and equipment | 23 | €113,274 | €106,834 | -€6,440 | -5.7% |
| Furniture and vehicles | 24 | €192,695 | €226,471 | +€33,776 | +17.5% |
| Other tangible fixed assets | 26 | €5,762 | €4,300 | -€1,462 | -25.4% |
| Current assets | 29/58 | €582,677 | €668,104 | +€85,427 | +14.7% |
| Stocks and contracts in progress | 3 | €84,712 | €112,102 | +€27,390 | +32.3% |
| Stocks | 30/36 | €84,712 | €112,102 | +€27,390 | +32.3% |
| Amounts receivable within one year | 40/41 | €273,977 | €437,638 | +€163,661 | +59.7% |
| Trade receivables | 40 | €273,946 | €437,638 | +€163,693 | +59.8% |
| Other amounts receivable | 41 | €31 | €0 | -€31 | -100.0% |
| Cash at bank and in hand | 54/58 | €214,966 | €108,995 | -€105,971 | -49.3% |
| Deferred charges and accrued income | 490/1 | €9,023 | €9,369 | +€346 | +3.8% |
| Total equity and liabilities | 10/49 | €907,987 | €1,048,296 | +€140,309 | +15.5% |
| Equity | 10/15 | €383,105 | €212,563 | -€170,542 | -44.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €364,505 | €193,963 | -€170,542 | -46.8% |
| Tax-exempt reserves | 132 | €35,150 | €35,150 | = | 0.0% |
| Distributable reserves | 133 | €329,355 | €158,813 | -€170,542 | -51.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €524,883 | €835,733 | +€310,850 | +59.2% |
| Amounts payable after more than one year | 17 | €188,981 | €240,152 | +€51,171 | +27.1% |
| Financial debts | 170/4 | €188,981 | €240,152 | +€51,171 | +27.1% |
| Amounts payable within one year | 42/48 | €335,902 | €595,581 | +€259,679 | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €86,416 | €122,329 | +€35,913 | +41.6% |
| Trade debts | 44 | €154,963 | €371,405 | +€216,442 | +139.7% |
| Suppliers | 440/4 | €154,963 | €371,405 | +€216,442 | +139.7% |
| Taxes, remuneration and social security | 45 | €90,387 | €98,326 | +€7,939 | +8.8% |
| Taxes | 450/3 | €27,187 | €32,866 | +€5,680 | +20.9% |
| Remuneration and social security | 454/9 | €63,201 | €65,460 | +€2,259 | +3.6% |
| Other amounts payable | 47/48 | €4,135 | €3,521 | -€615 | -14.9% |
| Remuneration, social security and pensions | 62 | €402,939 | €476,525 | +€73,586 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,393 | €117,506 | +€1,113 | +1.0% |
| Other operating charges | 640/8 | €6,599 | €8,852 | +€2,253 | +34.1% |
| Gross operating margin | 9900 | €878,720 | €923,828 | +€45,108 | +5.1% |
| Operating profit (loss) | 9901 | €352,789 | €320,946 | -€31,843 | -9.0% |
| Financial income | 75/76B | €660 | €403 | -€257 | -38.9% |
| Recurring financial income | 75 | €660 | €403 | -€257 | -38.9% |
| Financial charges | 65/66B | €12,588 | €16,337 | +€3,749 | +29.8% |
| Recurring financial charges | 65 | €12,588 | €16,337 | +€3,749 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €340,860 | €305,012 | -€35,848 | -10.5% |
| Income taxes | 67/77 | €93,123 | €82,489 | -€10,634 | -11.4% |
| Profit (loss) for the period | 9904 | €247,738 | €222,524 | -€25,214 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €247,738 | €222,524 | -€25,214 | -10.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.