Itamo: 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.
Itamo
Largest movements
- Cash +€84,463
up €84,463 (+486%), from €17,395 to €101,858
mainly Net result for the year (+€48,233) and Receivables within one year (+€48,179)
- Receivables within one year -€48,179
down €48,179 (-79.8%), from €60,372 to €12,193
of which Trade receivables: -€44,673
- Tangible fixed assets -€5,100
down €5,100 (-28.4%), from €17,972 to €12,872
of which Furniture and vehicles: -€6,856
- Other debts +€12,004
new in 2025: €12,004
- Tax, wage and social debts +€9,888
up €9,888 (+157%), from €6,303 to €16,191
of which Taxes: +€5,091
- Reserves +€8,233
up €8,233 (+11.6%), from €70,731 to €78,963
- Trade debts +€1,445
up €1,445 (+425%), from €340 to €1,785
- Gross operating margin +€23,225
up €23,225 (+46.3%), from €50,148 to €73,373
- Taxes +€4,859
up €4,859 (+60.6%), from €8,015 to €12,875
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 | €95,973 | €127,565 | +€31,592 | +32.9% |
| Fixed assets | 21/28 | €17,972 | €12,872 | -€5,100 | -28.4% |
| Tangible fixed assets | 22/27 | €17,972 | €12,872 | -€5,100 | -28.4% |
| Land and buildings | 22 | €1,375 | €1,138 | -€237 | -17.2% |
| Plant, machinery and equipment | 23 | €1,388 | €3,381 | +€1,993 | +144% |
| Furniture and vehicles | 24 | €15,209 | €8,353 | -€6,856 | -45.1% |
| Current assets | 29/58 | €78,001 | €114,693 | +€36,692 | +47.0% |
| Amounts receivable within one year | 40/41 | €60,372 | €12,193 | -€48,179 | -79.8% |
| Trade receivables | 40 | €47,238 | €2,566 | -€44,673 | -94.6% |
| Other amounts receivable | 41 | €13,134 | €9,627 | -€3,507 | -26.7% |
| Cash at bank and in hand | 54/58 | €17,395 | €101,858 | +€84,463 | +486% |
| Deferred charges and accrued income | 490/1 | €234 | €642 | +€408 | +175% |
| Total equity and liabilities | 10/49 | €95,973 | €127,565 | +€31,592 | +32.9% |
| Equity | 10/15 | €89,331 | €97,563 | +€8,233 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,731 | €78,963 | +€8,233 | +11.6% |
| Distributable reserves | 133 | €70,731 | €78,963 | +€8,233 | +11.6% |
| Amounts payable | 17/49 | €6,642 | €30,002 | +€23,360 | +352% |
| Amounts payable within one year | 42/48 | €6,642 | €29,980 | +€23,337 | +351% |
| Trade debts | 44 | €340 | €1,785 | +€1,445 | +425% |
| Suppliers | 440/4 | €340 | €1,785 | +€1,445 | +425% |
| Taxes, remuneration and social security | 45 | €6,303 | €16,191 | +€9,888 | +157% |
| Taxes | 450/3 | €6,303 | €11,394 | +€5,091 | +80.8% |
| Remuneration and social security | 454/9 | - | €4,797 | +€4,797 | |
| Other amounts payable | 47/48 | - | €12,004 | +€12,004 | |
| Accrued charges and deferred income | 492/3 | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,054 | €11,378 | +€324 | +2.9% |
| Other operating charges | 640/8 | €631 | €649 | +€18 | +2.9% |
| Gross operating margin | 9900 | €50,148 | €73,373 | +€23,225 | +46.3% |
| Operating profit (loss) | 9901 | €38,463 | €61,345 | +€22,882 | +59.5% |
| Financial income | 75/76B | €56 | - | -€56 | |
| Recurring financial income | 75 | €56 | - | -€56 | |
| Financial charges | 65/66B | €168 | €238 | +€70 | +41.7% |
| Recurring financial charges | 65 | €168 | €238 | +€70 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €38,351 | €61,107 | +€22,757 | +59.3% |
| Income taxes | 67/77 | €8,015 | €12,875 | +€4,859 | +60.6% |
| Profit (loss) for the period | 9904 | €30,335 | €48,233 | +€17,897 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,335 | €48,233 | +€17,897 | +59.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.