ITABAT: 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.
ITABAT
Largest movements
- Cash -€78,866
down €78,866 (-53.5%), from €147,296 to €68,430
mainly Trade debts (-€73,525) and Receivables within one year (-€53,756)
- Receivables within one year +€53,756
up €53,756 (+29.4%), from €182,652 to €236,408
of which Trade receivables: +€27,410
- Trade debts -€73,525
down €73,525 (-49.5%), from €148,456 to €74,931
- Other debts +€50,000
up €50,000 (+1,000%), from €5,000 to €55,000
- Profit (loss) carried forward -€14,995
down €14,995 (-11.8%), from €126,811 to €111,816
- Tax, wage and social debts +€14,420
up €14,420 (+40.8%), from €35,356 to €49,776
of which Taxes: +€17,476
- Short-term financial debts -€4,514
no longer reported in 2025 (was €4,514)
- Gross operating margin +€44,389
up €44,389 (+58.9%), from €75,309 to €119,698
- Taxes +€12,611
up €12,611 (+259%), from €4,864 to €17,476
- Staff costs +€4,855
up €4,855 (+12.5%), from €38,768 to €43,622
- Financial charges +€1,858
up €1,858 (+10.0%), from €18,638 to €20,496
- Depreciation -€1,697
down €1,697 (-40.5%), from €4,194 to €2,497
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 | €334,397 | €305,782 | -€28,615 | -8.6% |
| Fixed assets | 21/28 | €3,441 | €944 | -€2,497 | -72.6% |
| Tangible fixed assets | 22/27 | €2,651 | €154 | -€2,497 | -94.2% |
| Furniture and vehicles | 24 | €2,651 | €154 | -€2,497 | -94.2% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €330,956 | €304,838 | -€26,118 | -7.9% |
| Amounts receivable within one year | 40/41 | €182,652 | €236,408 | +€53,756 | +29.4% |
| Trade receivables | 40 | €170,122 | €197,532 | +€27,410 | +16.1% |
| Other amounts receivable | 41 | €12,530 | €38,876 | +€26,346 | +210% |
| Cash at bank and in hand | 54/58 | €147,296 | €68,430 | -€78,866 | -53.5% |
| Deferred charges and accrued income | 490/1 | €1,008 | - | -€1,008 | |
| Total equity and liabilities | 10/49 | €334,397 | €305,782 | -€28,615 | -8.6% |
| Equity | 10/15 | €141,071 | €126,076 | -€14,995 | -10.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,811 | €111,816 | -€14,995 | -11.8% |
| Amounts payable | 17/49 | €193,326 | €179,706 | -€13,620 | -7.0% |
| Amounts payable within one year | 42/48 | €193,326 | €179,706 | -€13,620 | -7.0% |
| Financial debts | 43 | €4,514 | - | -€4,514 | |
| Credit institutions | 430/8 | €4,514 | - | -€4,514 | |
| Trade debts | 44 | €148,456 | €74,931 | -€73,525 | -49.5% |
| Suppliers | 440/4 | €148,456 | €74,931 | -€73,525 | -49.5% |
| Taxes, remuneration and social security | 45 | €35,356 | €49,776 | +€14,420 | +40.8% |
| Taxes | 450/3 | €4,864 | €22,340 | +€17,476 | +359% |
| Remuneration and social security | 454/9 | €30,492 | €27,435 | -€3,056 | -10.0% |
| Other amounts payable | 47/48 | €5,000 | €55,000 | +€50,000 | +1,000% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €38,768 | €43,622 | +€4,855 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,194 | €2,497 | -€1,697 | -40.5% |
| Other operating charges | 640/8 | €2,867 | €1,782 | -€1,085 | -37.9% |
| Gross operating margin | 9900 | €75,309 | €119,698 | +€44,389 | +58.9% |
| Operating profit (loss) | 9901 | €29,480 | €71,797 | +€42,317 | +144% |
| Financial income | 75/76B | €8 | €1,180 | +€1,171 | +14,009% |
| Recurring financial income | 75 | €8 | €1,180 | +€1,171 | +14,009% |
| Financial charges | 65/66B | €18,638 | €20,496 | +€1,858 | +10.0% |
| Recurring financial charges | 65 | €18,638 | €20,496 | +€1,858 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €10,850 | €52,481 | +€41,631 | +384% |
| Income taxes | 67/77 | €4,864 | €17,476 | +€12,611 | +259% |
| Profit (loss) for the period | 9904 | €5,986 | €35,005 | +€29,019 | +485% |
| Profit (loss) for the period to be appropriated | 9905 | €5,986 | €35,005 | +€29,019 | +485% |
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 13 October 2026 via checked.be.