ITACO: 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.
What changed
ITACO
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€12,565
2023 · €18,249-€5,684
Equity
€1.9m
2023 · €1.9m+€12,565
Cash
€82,519
2023 · €74,776+€7,743
Balance sheet total
€3.1m
2023 · €3.1m-€51,825
Largest movements
Assets
- Tangible fixed assets -€50,903
down €50,903 (-1.7%), from €2.9m to €2.9m
of which Land and buildings: -€44,047
Equity and liabilities
- Debts after one year -€77,481
down €77,481 (-8.8%), from €877,495 to €800,014
Income statement
- Depreciation +€3,476
up €3,476 (+2.7%), from €129,102 to €132,578
- Gross operating margin -€3,215
down €3,215 (-1.7%), from €193,171 to €189,956
From the 2023 result to the 2024 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.
Result 2023
€18,249
Gross operating margin
-€3,215
Depreciation
-€3,476
Other operating charges
+€671
Financial income
+€849
Financial charges
+€395
Taxes
+€1,678
Deferred taxes and other
-€2,586
Result 2024
€12,565
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€146,367
Investment
-€73,675
Financing
-€64,949
Cash 2023
€74,776
From operations (derived)
+€146,367
Net result for the year
+€12,565
Depreciation
+€132,578
Receivables within one year
+€666
Provisions
-€6,564
Trade debts
-€1,466
Tax, wage and social debts
-€981
Other debts
+€630
Accrued charges and deferred income
+€8,940
Investment (derived)
-€73,675
Investment in fixed assets (net)
-€81,675
Current investments
+€8,000
Financing
-€64,949
Debts after one year
-€77,481
Current portion of long-term debt
+€12,533
Cash 2024
€82,519
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,137,324 | €3,085,499 | -€51,825 | -1.7% |
| Fixed assets | 21/28 | €2,945,671 | €2,894,769 | -€50,903 | -1.7% |
| Tangible fixed assets | 22/27 | €2,945,671 | €2,894,769 | -€50,903 | -1.7% |
| Land and buildings | 22 | €2,918,824 | €2,874,777 | -€44,047 | -1.5% |
| Plant, machinery and equipment | 23 | €372 | - | -€372 | |
| Furniture and vehicles | 24 | €26,476 | €19,992 | -€6,484 | -24.5% |
| Current assets | 29/58 | €191,653 | €190,730 | -€923 | -0.5% |
| Amounts receivable within one year | 40/41 | €877 | €212 | -€666 | -75.9% |
| Trade receivables | 40 | €877 | €212 | -€666 | -75.9% |
| Current investments | 50/53 | €116,000 | €108,000 | -€8,000 | -6.9% |
| Cash at bank and in hand | 54/58 | €74,776 | €82,519 | +€7,743 | +10.4% |
| Total equity and liabilities | 10/49 | €3,137,324 | €3,085,499 | -€51,825 | -1.7% |
| Equity | 10/15 | €1,919,832 | €1,932,397 | +€12,565 | +0.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,857,858 | €1,870,423 | +€12,565 | +0.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €305,015 | €289,734 | -€15,281 | -5.0% |
| Distributable reserves | 133 | €1,546,645 | €1,574,492 | +€27,846 | +1.8% |
| Provisions and deferred taxes | 16 | €117,328 | €110,764 | -€6,564 | -5.6% |
| Deferred taxes | 168 | €117,328 | €110,764 | -€6,564 | -5.6% |
| Amounts payable | 17/49 | €1,100,164 | €1,042,338 | -€57,826 | -5.3% |
| Amounts payable after more than one year | 17 | €877,495 | €800,014 | -€77,481 | -8.8% |
| Financial debts | 170/4 | €877,495 | €800,014 | -€77,481 | -8.8% |
| Amounts payable within one year | 42/48 | €222,670 | €233,385 | +€10,715 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €98,318 | €110,851 | +€12,533 | +12.7% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €2,466 | €1,000 | -€1,466 | -59.5% |
| Suppliers | 440/4 | €2,466 | €1,000 | -€1,466 | -59.5% |
| Taxes, remuneration and social security | 45 | €7,496 | €6,515 | -€981 | -13.1% |
| Taxes | 450/3 | €7,496 | €6,515 | -€981 | -13.1% |
| Other amounts payable | 47/48 | €14,390 | €15,020 | +€630 | +4.4% |
| Accrued charges and deferred income | 492/3 | - | €8,940 | +€8,940 | |
| Non-recurring operating income | 76A | €1,382 | - | -€1,382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,102 | €132,578 | +€3,476 | +2.7% |
| Other operating charges | 640/8 | €24,484 | €23,813 | -€671 | -2.7% |
| Gross operating margin | 9900 | €193,171 | €189,956 | -€3,215 | -1.7% |
| Operating profit (loss) | 9901 | €39,585 | €33,565 | -€6,020 | -15.2% |
| Financial income | 75/76B | €3,780 | €4,628 | +€849 | +22.5% |
| Recurring financial income | 75 | €3,780 | €4,628 | +€849 | +22.5% |
| Financial charges | 65/66B | €15,366 | €14,971 | -€395 | -2.6% |
| Recurring financial charges | 65 | €15,366 | €14,971 | -€395 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €27,999 | €23,223 | -€4,776 | -17.1% |
| Transfer from deferred taxes | 780 | €9,150 | €6,564 | -€2,586 | -28.3% |
| Income taxes | 67/77 | €18,900 | €17,222 | -€1,678 | -8.9% |
| Profit (loss) for the period | 9904 | €18,249 | €12,565 | -€5,684 | -31.1% |
| Transfer from tax-exempt reserves | 789 | €18,956 | €15,281 | -€3,675 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,205 | €27,846 | -€9,358 | -25.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.