ITAMA: 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.
ITAMA
Largest movements
- Cash +€33,845
up €33,845 (+27.7%), from €122,291 to €156,137
mainly Other debts (+€72,914) and Net result for the year (+€52,894)
- Other debts +€72,914
up €72,914 (+141%), from €51,755 to €124,670
- Reserves -€37,106
down €37,106 (-65.5%), from €56,624 to €19,518
of which Distributable reserves: -€37,106
No income-statement line moved by more than 1% of the activity.
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 | €135,836 | €170,532 | +€34,696 | +25.5% |
| Fixed assets | 21/28 | - | €1,003 | +€1,003 | |
| Tangible fixed assets | 22/27 | - | €1,003 | +€1,003 | |
| Furniture and vehicles | 24 | - | €1,003 | +€1,003 | |
| Current assets | 29/58 | €135,836 | €169,529 | +€33,693 | +24.8% |
| Amounts receivable within one year | 40/41 | €12,871 | €12,720 | -€151 | -1.2% |
| Trade receivables | 40 | €10,980 | €12,501 | +€1,521 | +13.9% |
| Other amounts receivable | 41 | €1,891 | €219 | -€1,672 | -88.4% |
| Cash at bank and in hand | 54/58 | €122,291 | €156,137 | +€33,845 | +27.7% |
| Deferred charges and accrued income | 490/1 | €675 | €672 | -€2 | -0.3% |
| Total equity and liabilities | 10/49 | €135,836 | €170,532 | +€34,696 | +25.5% |
| Equity | 10/15 | €75,224 | €38,118 | -€37,106 | -49.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,624 | €19,518 | -€37,106 | -65.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €56,624 | €19,518 | -€37,106 | -65.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,612 | €132,414 | +€71,801 | +118% |
| Amounts payable within one year | 42/48 | €60,600 | €132,401 | +€71,801 | +118% |
| Trade debts | 44 | €2,835 | €3,119 | +€284 | +10.0% |
| Suppliers | 440/4 | €2,835 | €3,119 | +€284 | +10.0% |
| Taxes, remuneration and social security | 45 | €6,010 | €4,613 | -€1,397 | -23.2% |
| Taxes | 450/3 | €5,850 | €3,838 | -€2,011 | -34.4% |
| Remuneration and social security | 454/9 | €160 | €774 | +€614 | +384% |
| Other amounts payable | 47/48 | €51,755 | €124,670 | +€72,914 | +141% |
| Accrued charges and deferred income | 492/3 | €13 | €13 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €221 | €199 | -€22 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €179 | +€179 | |
| Other operating charges | 640/8 | €615 | €626 | +€11 | +1.7% |
| Gross operating margin | 9900 | €68,346 | €69,017 | +€671 | +1.0% |
| Operating profit (loss) | 9901 | €67,509 | €68,013 | +€504 | +0.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €323 | €281 | -€42 | -12.9% |
| Recurring financial charges | 65 | €323 | €281 | -€42 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €67,186 | €67,732 | +€546 | +0.8% |
| Income taxes | 67/77 | €14,850 | €14,838 | -€11 | -0.1% |
| Profit (loss) for the period | 9904 | €52,337 | €52,894 | +€557 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,337 | €52,894 | +€557 | +1.1% |
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 14 October 2026 via checked.be.