ITAMCO: 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.
ITAMCO
Largest movements
- Receivables within one year +€11,393
up €11,393 (+217.8%), from €5,231 to €16,624
of which Trade receivables: +€11,493
- Cash -€8,066
down €8,066 (-93.2%), from €8,653 to €588
mainly Net result for the year (-€13,522) and Receivables within one year (-€11,393)
- Tangible fixed assets -€932
down €932 (-26.0%), from €3,590 to €2,657
of which Furniture and vehicles: -€702
- Tax, wage and social debts +€3,432
up €3,432 (+212.8%), from €1,613 to €5,045
of which Remuneration and social security: +€2,796
- Other debts -€2,508
down €2,508 (-3.9%), from €63,543 to €61,035
- Trade debts +€1,869
up €1,869 (+28.3%), from €6,597 to €8,466
- Profit (loss) carried forward -€522
down €522 (-0.7%), from -€70,272 to -€70,794
- Gross operating margin -€26,146
down €26,146, from €25,741 to -€405
- Other operating charges -€13,542
down €13,542 (-97.5%), from €13,887 to €345
- Staff costs +€1,347
up €1,347 (+16.2%), from €8,326 to €9,673
- Taxes -€820
down €820 (-55.9%), from €1,466 to €647
- Depreciation +€415
up €415 (+26.0%), from €1,599 to €2,014
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,073 | €22,344 | +€2,271 | +11.3% |
| Fixed assets | 21/28 | €5,553 | €4,620 | -€932 | -16.8% |
| Tangible fixed assets | 22/27 | €3,590 | €2,657 | -€932 | -26.0% |
| Plant, machinery and equipment | 23 | €53 | - | -€53 | |
| Furniture and vehicles | 24 | €2,648 | €1,946 | -€702 | -26.5% |
| Other tangible fixed assets | 26 | €888 | €711 | -€178 | -20.0% |
| Financial fixed assets | 28 | €1,963 | €1,963 | = | 0.0% |
| Current assets | 29/58 | €14,520 | €17,724 | +€3,203 | +22.1% |
| Amounts receivable within one year | 40/41 | €5,231 | €16,624 | +€11,393 | +217.8% |
| Trade receivables | 40 | €3,584 | €15,078 | +€11,493 | +320.7% |
| Other amounts receivable | 41 | €1,647 | €1,546 | -€101 | -6.1% |
| Cash at bank and in hand | 54/58 | €8,653 | €588 | -€8,066 | -93.2% |
| Deferred charges and accrued income | 490/1 | €636 | €513 | -€124 | -19.4% |
| Total equity and liabilities | 10/49 | €20,073 | €22,344 | +€2,271 | +11.3% |
| Equity | 10/15 | -€51,680 | -€52,202 | -€522 | -1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,272 | -€70,794 | -€522 | -0.7% |
| Amounts payable | 17/49 | €71,753 | €74,546 | +€2,793 | +3.9% |
| Amounts payable within one year | 42/48 | €71,753 | €74,546 | +€2,793 | +3.9% |
| Trade debts | 44 | €6,597 | €8,466 | +€1,869 | +28.3% |
| Suppliers | 440/4 | €6,597 | €8,466 | +€1,869 | +28.3% |
| Taxes, remuneration and social security | 45 | €1,613 | €5,045 | +€3,432 | +212.8% |
| Taxes | 450/3 | €1,476 | €2,113 | +€637 | +43.1% |
| Remuneration and social security | 454/9 | €137 | €2,932 | +€2,796 | +2047.9% |
| Other amounts payable | 47/48 | €63,543 | €61,035 | -€2,508 | -3.9% |
| Remuneration, social security and pensions | 62 | €8,326 | €9,673 | +€1,347 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,599 | €2,014 | +€415 | +26.0% |
| Other operating charges | 640/8 | €13,887 | €345 | -€13,542 | -97.5% |
| Non-recurring operating charges | 66A | €411 | €221 | -€190 | -46.2% |
| Gross operating margin | 9900 | €25,741 | -€405 | -€26,146 | |
| Operating profit (loss) | 9901 | €1,518 | -€12,658 | -€14,176 | |
| Financial income | 75/76B | €39 | €4 | -€35 | -90.8% |
| Recurring financial income | 75 | €39 | €4 | -€35 | -90.8% |
| Financial charges | 65/66B | €433 | €221 | -€211 | -48.9% |
| Recurring financial charges | 65 | €433 | €221 | -€211 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €1,124 | -€12,875 | -€14,000 | |
| Income taxes | 67/77 | €1,466 | €647 | -€820 | -55.9% |
| Profit (loss) for the period | 9904 | -€342 | -€13,522 | -€13,180 | -3855.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€342 | -€13,522 | -€13,180 | -3855.0% |
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 30 September 2026 via checked.be.