ITABEL: 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.
ITABEL
Largest movements
- Cash +€7,764
up €7,764 (+14.3%), from €54,446 to €62,210
mainly Deferred charges and accrued income (+€7,567) and Net result for the year (+€4,035)
- Deferred charges and accrued income -€7,567
down €7,567 (-34.7%), from €21,799 to €14,233
- Reserves +€4,035
up €4,035 (+4.6%), from €87,642 to €91,677
of which Distributable reserves: +€4,035
- Trade debts -€3,809
down €3,809 (-25.9%), from €14,711 to €10,902
- Tax, wage and social debts -€1,616
down €1,616 (-17.5%), from €9,254 to €7,638
of which Taxes: -€2,113
- Other debts +€1,184
up €1,184 (+116.8%), from €1,013 to €2,197
- Gross operating margin -€20,522
down €20,522 (-40.8%), from €50,327 to €29,805
- Staff costs +€2,771
up €2,771 (+18.6%), from €14,897 to €17,668
- Taxes -€2,284
down €2,284 (-80.2%), from €2,849 to €564
- Financial charges +€1,047
up €1,047 (+21.5%), from €4,880 to €5,927
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 | €79,799 | €79,592 | -€206 | -0.3% |
| Fixed assets | 21/28 | €391 | €237 | -€154 | -39.3% |
| Tangible fixed assets | 22/27 | €391 | €237 | -€154 | -39.3% |
| Furniture and vehicles | 24 | €391 | €237 | -€154 | -39.3% |
| Current assets | 29/58 | €79,408 | €79,355 | -€53 | -0.1% |
| Stocks and contracts in progress | 3 | €371 | €345 | -€26 | -6.9% |
| Stocks | 30/36 | €371 | €345 | -€26 | -6.9% |
| Amounts receivable within one year | 40/41 | €2,792 | €2,567 | -€225 | -8.1% |
| Trade receivables | 40 | €2,792 | €2,567 | -€225 | -8.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €54,446 | €62,210 | +€7,764 | +14.3% |
| Deferred charges and accrued income | 490/1 | €21,799 | €14,233 | -€7,567 | -34.7% |
| Total equity and liabilities | 10/49 | €79,799 | €79,592 | -€206 | -0.3% |
| Equity | 10/15 | €54,821 | €58,855 | +€4,035 | +7.4% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €87,642 | €91,677 | +€4,035 | +4.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,214 | €42,214 | = | 0.0% |
| Distributable reserves | 133 | €43,569 | €47,603 | +€4,035 | +9.3% |
| Profit (loss) carried forward | 14 | -€40,258 | -€40,258 | = | 0.0% |
| Amounts payable | 17/49 | €24,978 | €20,737 | -€4,241 | -17.0% |
| Amounts payable within one year | 42/48 | €24,978 | €20,737 | -€4,241 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,711 | €10,902 | -€3,809 | -25.9% |
| Suppliers | 440/4 | €14,711 | €10,902 | -€3,809 | -25.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,254 | €7,638 | -€1,616 | -17.5% |
| Taxes | 450/3 | €8,073 | €5,961 | -€2,113 | -26.2% |
| Remuneration and social security | 454/9 | €1,181 | €1,678 | +€497 | +42.1% |
| Other amounts payable | 47/48 | €1,013 | €2,197 | +€1,184 | +116.8% |
| Remuneration, social security and pensions | 62 | €14,897 | €17,668 | +€2,771 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | €154 | -€51 | -25.0% |
| Other operating charges | 640/8 | €1,723 | €1,503 | -€220 | -12.8% |
| Gross operating margin | 9900 | €50,327 | €29,805 | -€20,522 | -40.8% |
| Operating profit (loss) | 9901 | €33,502 | €10,481 | -€23,021 | -68.7% |
| Financial income | 75/76B | €185 | €45 | -€140 | -75.6% |
| Recurring financial income | 75 | €185 | €45 | -€140 | -75.6% |
| Financial charges | 65/66B | €4,880 | €5,927 | +€1,047 | +21.5% |
| Recurring financial charges | 65 | €4,880 | €5,927 | +€1,047 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €28,807 | €4,599 | -€24,208 | -84.0% |
| Income taxes | 67/77 | €2,849 | €564 | -€2,284 | -80.2% |
| Profit (loss) for the period | 9904 | €25,959 | €4,035 | -€21,924 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,959 | €4,035 | -€21,924 | -84.5% |
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 30 September 2026 via checked.be.