ITAN: 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.
ITAN
Largest movements
- Receivables within one year +€42,732
up €42,732 (+45.6%), from €93,708 to €136,440
of which Trade receivables: +€43,599
- Cash -€19,462
down €19,462 (-55.8%), from €34,882 to €15,420
mainly Receivables within one year (-€42,732) and Deferred charges and accrued income (-€5,254)
- Deferred charges and accrued income +€5,254
up €5,254 (+101%), from €5,227 to €10,481
- Tangible fixed assets -€2,370
down €2,370 (-42.1%), from €5,624 to €3,254
of which Furniture and vehicles: -€1,363
- Trade debts +€23,372
up €23,372 (+928%), from €2,518 to €25,890
- Other debts +€2,366
up €2,366 (+3.4%), from €69,867 to €72,233
- Gross operating margin +€2,563
up €2,563 (+83.0%), from €3,089 to €5,652
- Other operating charges +€706
up €706 (+59.7%), from €1,182 to €1,887
- Financial charges -€585
down €585 (-79.6%), from €735 to €150
- Taxes +€357
up €357 (+69.9%), from €510 to €867
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 | €139,441 | €165,595 | +€26,154 | +18.8% |
| Fixed assets | 21/28 | €5,624 | €3,254 | -€2,370 | -42.1% |
| Tangible fixed assets | 22/27 | €5,624 | €3,254 | -€2,370 | -42.1% |
| Land and buildings | 22 | €1,863 | €1,625 | -€238 | -12.8% |
| Plant, machinery and equipment | 23 | €2,002 | €1,408 | -€595 | -29.7% |
| Furniture and vehicles | 24 | €1,584 | €221 | -€1,363 | -86.0% |
| Other tangible fixed assets | 26 | €175 | - | -€175 | |
| Current assets | 29/58 | €133,817 | €162,342 | +€28,525 | +21.3% |
| Amounts receivable within one year | 40/41 | €93,708 | €136,440 | +€42,732 | +45.6% |
| Trade receivables | 40 | €87,707 | €131,307 | +€43,599 | +49.7% |
| Other amounts receivable | 41 | €6,000 | €5,133 | -€867 | -14.4% |
| Cash at bank and in hand | 54/58 | €34,882 | €15,420 | -€19,462 | -55.8% |
| Deferred charges and accrued income | 490/1 | €5,227 | €10,481 | +€5,254 | +101% |
| Total equity and liabilities | 10/49 | €139,441 | €165,595 | +€26,154 | +18.8% |
| Equity | 10/15 | €63,779 | €64,158 | +€379 | +0.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €56,779 | €57,158 | +€379 | +0.7% |
| Distributable reserves | 133 | €56,779 | €57,158 | +€379 | +0.7% |
| Amounts payable | 17/49 | €75,662 | €101,437 | +€25,775 | +34.1% |
| Amounts payable within one year | 42/48 | €75,662 | €101,437 | +€25,775 | +34.1% |
| Trade debts | 44 | €2,518 | €25,890 | +€23,372 | +928% |
| Suppliers | 440/4 | €2,518 | €25,890 | +€23,372 | +928% |
| Taxes, remuneration and social security | 45 | €3,277 | €3,315 | +€38 | +1.2% |
| Taxes | 450/3 | €1,080 | €1,118 | +€38 | +3.5% |
| Remuneration and social security | 454/9 | €2,197 | €2,197 | = | 0.0% |
| Other amounts payable | 47/48 | €69,867 | €72,233 | +€2,366 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,370 | €2,370 | = | 0.0% |
| Other operating charges | 640/8 | €1,182 | €1,887 | +€706 | +59.7% |
| Gross operating margin | 9900 | €3,089 | €5,652 | +€2,563 | +83.0% |
| Operating profit (loss) | 9901 | -€463 | €1,395 | +€1,858 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +3,500% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3,500% |
| Financial charges | 65/66B | €735 | €150 | -€585 | -79.6% |
| Recurring financial charges | 65 | €735 | €150 | -€585 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,198 | €1,245 | +€2,443 | |
| Income taxes | 67/77 | €510 | €867 | +€357 | +69.9% |
| Profit (loss) for the period | 9904 | -€1,708 | €379 | +€2,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,708 | €379 | +€2,087 |
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 13 October 2026 via checked.be.