ITANCO: 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.
ITANCO
Largest movements
- Cash -€14,419
down €14,419 (-16.4%), from €87,815 to €73,397
mainly Contributions, distributions and other (-€171,945) and Tax, wage and social debts (-€28,527)
- Other debts +€95,803
up €95,803 (+63,182%), from €152 to €95,954
- Reserves -€78,987
down €78,987 (-34.8%), from €227,029 to €148,042
- Tax, wage and social debts -€28,527
down €28,527 (-46.1%), from €61,831 to €33,304
- Gross operating margin +€8,582
up €8,582 (+8.2%), from €104,236 to €112,818
- Financial income +€6,265
up €6,265 (+312%), from €2,008 to €8,273
- Taxes +€4,218
up €4,218 (+19.4%), from €21,690 to €25,908
- Depreciation -€3,408
down €3,408 (-74.6%), from €4,567 to €1,159
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 | €295,995 | €283,820 | -€12,174 | -4.1% |
| Fixed assets | 21/28 | €799 | €2,560 | +€1,761 | +221% |
| Tangible fixed assets | 22/27 | €799 | €2,560 | +€1,761 | +221% |
| Land and buildings | 22 | - | €2,560 | +€2,560 | |
| Furniture and vehicles | 24 | €799 | €0 | -€799 | -100% |
| Current assets | 29/58 | €295,196 | €281,261 | -€13,935 | -4.7% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,749 | €15,945 | +€196 | +1.2% |
| Trade receivables | 40 | €15,749 | €15,945 | +€196 | +1.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €118,635 | €118,635 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,815 | €73,397 | -€14,419 | -16.4% |
| Deferred charges and accrued income | 490/1 | €2,997 | €3,284 | +€287 | +9.6% |
| Total equity and liabilities | 10/49 | €295,995 | €283,820 | -€12,174 | -4.1% |
| Equity | 10/15 | €232,029 | €153,042 | -€78,987 | -34.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €227,029 | €148,042 | -€78,987 | -34.8% |
| Distributable reserves | 133 | €227,029 | €148,042 | -€78,987 | -34.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,966 | €130,779 | +€66,813 | +104% |
| Amounts payable within one year | 42/48 | €63,955 | €130,767 | +€66,812 | +104% |
| Trade debts | 44 | €1,972 | €1,509 | -€464 | -23.5% |
| Suppliers | 440/4 | €1,972 | €1,509 | -€464 | -23.5% |
| Taxes, remuneration and social security | 45 | €61,831 | €33,304 | -€28,527 | -46.1% |
| Taxes | 450/3 | €61,831 | €33,304 | -€28,527 | -46.1% |
| Other amounts payable | 47/48 | €152 | €95,954 | +€95,803 | +63,182% |
| Accrued charges and deferred income | 492/3 | €11 | €11 | +€1 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,567 | €1,159 | -€3,408 | -74.6% |
| Other operating charges | 640/8 | €694 | €1,012 | +€318 | +45.8% |
| Gross operating margin | 9900 | €104,236 | €112,818 | +€8,582 | +8.2% |
| Operating profit (loss) | 9901 | €98,975 | €110,647 | +€11,672 | +11.8% |
| Financial income | 75/76B | €2,008 | €8,273 | +€6,265 | +312% |
| Recurring financial income | 75 | €2,008 | €8,273 | +€6,265 | +312% |
| Financial charges | 65/66B | €306 | €56 | -€250 | -81.9% |
| Recurring financial charges | 65 | €306 | €56 | -€250 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €100,677 | €118,865 | +€18,188 | +18.1% |
| Income taxes | 67/77 | €21,690 | €25,908 | +€4,218 | +19.4% |
| Profit (loss) for the period | 9904 | €78,987 | €92,957 | +€13,970 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,987 | €92,957 | +€13,970 | +17.7% |
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 17 October 2026 via checked.be.