ITAFOOD: 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
ITAFOOD
NACE 47.120, Other non-specialised retail sale
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€59,696
2023 · €72,837-€13,141
Equity
€348,574
2023 · €288,878+€59,696
Cash
€144,540
2023 · €161,474-€16,934
Balance sheet total
€1.4m
2023 · €1.4m-€49,223
Largest movements
Assets
- Tangible fixed assets -€33,166
down €33,166 (-11.1%), from €297,990 to €264,823
- Cash -€16,934
down €16,934 (-10.5%), from €161,474 to €144,540
mainly Trade debts (-€206,721) and Investment in fixed assets (net) (-€14,150)
Equity and liabilities
- Trade debts -€206,721
down €206,721 (-28.6%), from €722,891 to €516,170
- Short-term financial debts +€92,657
up €92,657 (+85.3%), from €108,634 to €201,291
- Profit (loss) carried forward +€59,696
up €59,696 (+22.4%), from €266,328 to €326,024
Income statement
- Gross operating margin -€40,667
down €40,667 (-3.9%), from €1.0m to €998,704
- Write-downs -€28,375
down €28,375 (-35.4%), from €80,171 to €51,796
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
€72,837
Gross operating margin
-€40,667
Staff costs
+€6,040
Depreciation
-€4,154
Write-downs
+€28,375
Other operating charges
+€396
Financial income
-€235
Financial charges
-€3,320
Taxes
+€423
Result 2024
€59,696
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
-€75,773
Investment
-€14,150
Financing
+€72,989
Cash 2023
€161,474
From operations (derived)
-€75,773
Net result for the year
+€59,696
Depreciation
+€47,317
Stocks and contracts
-€5,545
Receivables within one year
+€5,137
Smaller working-capital items
-€366
Trade debts
-€206,721
Tax, wage and social debts
+€11,933
Accrued charges and deferred income
+€12,776
Investment (derived)
-€14,150
Investment in fixed assets (net)
-€14,150
Financing
+€72,989
Debts after one year
-€7,039
Current portion of long-term debt
-€12,628
Short-term financial debts
+€92,657
Cash 2024
€144,540
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,415,878 | €1,366,655 | -€49,223 | -3.5% |
| Fixed assets | 21/28 | €298,291 | €265,125 | -€33,166 | -11.1% |
| Tangible fixed assets | 22/27 | €297,990 | €264,823 | -€33,166 | -11.1% |
| Land and buildings | 22 | €184,882 | €176,326 | -€8,556 | -4.6% |
| Plant, machinery and equipment | 23 | €20,872 | €14,443 | -€6,429 | -30.8% |
| Furniture and vehicles | 24 | €6,544 | €2,887 | -€3,657 | -55.9% |
| Leasing and similar rights | 25 | €85,692 | €71,167 | -€14,525 | -16.9% |
| Financial fixed assets | 28 | €302 | €302 | = | 0.0% |
| Current assets | 29/58 | €1,117,587 | €1,101,530 | -€16,056 | -1.4% |
| Amounts receivable after more than one year | 29 | €3,605 | €3,605 | = | 0.0% |
| Trade receivables | 290 | €3,605 | €3,605 | = | 0.0% |
| Stocks and contracts in progress | 3 | €395,781 | €401,326 | +€5,545 | +1.4% |
| Stocks | 30/36 | €395,781 | €401,326 | +€5,545 | +1.4% |
| Amounts receivable within one year | 40/41 | €548,282 | €543,145 | -€5,137 | -0.9% |
| Trade receivables | 40 | €539,816 | €539,986 | +€170 | 0.0% |
| Other amounts receivable | 41 | €8,466 | €3,159 | -€5,307 | -62.7% |
| Cash at bank and in hand | 54/58 | €161,474 | €144,540 | -€16,934 | -10.5% |
| Deferred charges and accrued income | 490/1 | €8,445 | €8,914 | +€470 | +5.6% |
| Total equity and liabilities | 10/49 | €1,415,878 | €1,366,655 | -€49,223 | -3.5% |
| Equity | 10/15 | €288,878 | €348,574 | +€59,696 | +20.7% |
| Contributions | 10/11 | €20,500 | €20,500 | = | 0.0% |
| Reserves | 13 | €2,050 | €2,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,050 | €2,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,050 | €2,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,328 | €326,024 | +€59,696 | +22.4% |
| Amounts payable | 17/49 | €1,127,000 | €1,018,082 | -€108,919 | -9.7% |
| Amounts payable after more than one year | 17 | €38,748 | €31,708 | -€7,039 | -18.2% |
| Financial debts | 170/4 | €38,748 | €31,708 | -€7,039 | -18.2% |
| Amounts payable within one year | 42/48 | €1,050,887 | €936,231 | -€114,656 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €38,054 | €25,426 | -€12,628 | -33.2% |
| Financial debts | 43 | €108,634 | €201,291 | +€92,657 | +85.3% |
| Credit institutions | 430/8 | €108,634 | €201,291 | +€92,657 | +85.3% |
| Trade debts | 44 | €722,891 | €516,170 | -€206,721 | -28.6% |
| Suppliers | 440/4 | €722,891 | €516,170 | -€206,721 | -28.6% |
| Taxes, remuneration and social security | 45 | €181,308 | €193,240 | +€11,933 | +6.6% |
| Taxes | 450/3 | €99,076 | €119,052 | +€19,976 | +20.2% |
| Remuneration and social security | 454/9 | €82,232 | €74,189 | -€8,043 | -9.8% |
| Other amounts payable | 47/48 | - | €104 | +€104 | |
| Accrued charges and deferred income | 492/3 | €37,366 | €50,142 | +€12,776 | +34.2% |
| Non-recurring operating income | 76A | - | €339 | +€339 | |
| Remuneration, social security and pensions | 62 | €783,401 | €777,361 | -€6,040 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,163 | €47,317 | +€4,154 | +9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,171 | €51,796 | -€28,375 | -35.4% |
| Other operating charges | 640/8 | €9,531 | €9,136 | -€396 | -4.2% |
| Gross operating margin | 9900 | €1,039,370 | €998,704 | -€40,667 | -3.9% |
| Operating profit (loss) | 9901 | €123,104 | €113,094 | -€10,009 | -8.1% |
| Financial income | 75/76B | €485 | €250 | -€235 | -48.5% |
| Recurring financial income | 75 | €485 | €250 | -€235 | -48.5% |
| Financial charges | 65/66B | €12,483 | €15,803 | +€3,320 | +26.6% |
| Recurring financial charges | 65 | €12,483 | €15,803 | +€3,320 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €111,105 | €97,541 | -€13,564 | -12.2% |
| Income taxes | 67/77 | €38,268 | €37,845 | -€423 | -1.1% |
| Profit (loss) for the period | 9904 | €72,837 | €59,696 | -€13,141 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,837 | €59,696 | -€13,141 | -18.0% |
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 4 October 2026 via checked.be.