ITARFEREIN INTERNATIONAL: what changed
What changed
ITARFEREIN INTERNATIONAL
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€5,169
2024 · €1,694+€3,475
Equity
€43,038
2024 · €37,870+€5,169
Cash
€39,097
2024 · €43,749-€4,651
Balance sheet total
€984,387
2024 · €1.2m-€221,839
Largest movements
Assets
- Tangible fixed assets -€213,446
down €213,446 (-20.1%), from €1.1m to €847,809
of which Land and buildings: -€171,291
Equity and liabilities
- Other debts -€149,974
down €149,974 (-66.9%), from €224,102 to €74,128
- Debts after one year -€60,875
down €60,875 (-7.8%), from €784,164 to €723,288
- Tax, wage and social debts -€17,071
down €17,071 (-21.3%), from €80,041 to €62,970
of which Taxes: -€10,927
- Trade debts +€15,087
up €15,087 (+1,351%), from €1,117 to €16,204
- Current portion of long-term debt -€14,174
down €14,174 (-18.0%), from €78,932 to €64,758
Income statement
- Purchases and services +€37,113
up €37,113 (+30.5%), from €121,810 to €158,923
- Depreciation -€5,215
down €5,215 (-6.7%), from €77,546 to €72,332
- Other operating charges +€2,828
up €2,828 (+16.0%), from €17,623 to €20,451
- Gross operating margin +€2,159
up €2,159 (+1.4%), from €152,710 to €154,868
- Staff costs +€2,091
up €2,091 (+6.3%), from €33,228 to €35,319
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,694
Gross operating margin
+€2,159
Staff costs
-€2,091
Depreciation
+€5,215
Other operating charges
-€2,828
Financial income
+€127
Financial charges
+€1,416
Taxes
-€522
Result 2025
€5,169
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€70,716
Investment
+€141,114
Financing
-€75,049
Cash 2024
€43,749
From operations (derived)
-€70,716
Net result for the year
+€5,169
Depreciation
+€72,332
Receivables within one year
+€3,742
Trade debts
+€15,087
Tax, wage and social debts
-€17,071
Other debts
-€149,974
Investment (derived)
+€141,114
Investment in fixed assets (net)
+€141,114
Financing
-€75,049
Debts after one year
-€60,875
Current portion of long-term debt
-€14,174
Cash 2025
€39,097
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,206,225 | €984,387 | -€221,839 | -18.4% |
| Fixed assets | 21/28 | €1,061,255 | €847,809 | -€213,446 | -20.1% |
| Tangible fixed assets | 22/27 | €1,061,255 | €847,809 | -€213,446 | -20.1% |
| Land and buildings | 22 | €647,691 | €476,400 | -€171,291 | -26.4% |
| Furniture and vehicles | 24 | €34,336 | €9,609 | -€24,728 | -72.0% |
| Other tangible fixed assets | 26 | €379,228 | €361,801 | -€17,427 | -4.6% |
| Current assets | 29/58 | €144,970 | €136,577 | -€8,393 | -5.8% |
| Amounts receivable within one year | 40/41 | €97,713 | €93,971 | -€3,742 | -3.8% |
| Trade receivables | 40 | €18,690 | €19,790 | +€1,100 | +5.9% |
| Other amounts receivable | 41 | €79,023 | €74,180 | -€4,842 | -6.1% |
| Cash at bank and in hand | 54/58 | €43,749 | €39,097 | -€4,651 | -10.6% |
| Deferred charges and accrued income | 490/1 | €3,509 | €3,509 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,206,225 | €984,387 | -€221,839 | -18.4% |
| Equity | 10/15 | €37,870 | €43,038 | +€5,169 | +13.6% |
| Contributions | 10/11 | €17,190 | €17,190 | = | 0.0% |
| Contributions outside capital | 11 | €17,190 | €17,190 | = | 0.0% |
| Other | 1109/19 | €17,190 | €17,190 | = | 0.0% |
| Revaluation surpluses | 12 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,321 | -€9,152 | +€5,169 | +36.1% |
| Amounts payable | 17/49 | €1,168,356 | €941,349 | -€227,007 | -19.4% |
| Amounts payable after more than one year | 17 | €784,164 | €723,288 | -€60,875 | -7.8% |
| Financial debts | 170/4 | €784,164 | €723,288 | -€60,875 | -7.8% |
| Amounts payable within one year | 42/48 | €384,192 | €218,060 | -€166,132 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €78,932 | €64,758 | -€14,174 | -18.0% |
| Trade debts | 44 | €1,117 | €16,204 | +€15,087 | +1,351% |
| Suppliers | 440/4 | €1,117 | €16,204 | +€15,087 | +1,351% |
| Taxes, remuneration and social security | 45 | €80,041 | €62,970 | -€17,071 | -21.3% |
| Taxes | 450/3 | €12,620 | €1,693 | -€10,927 | -86.6% |
| Remuneration and social security | 454/9 | €67,421 | €61,277 | -€6,144 | -9.1% |
| Other amounts payable | 47/48 | €224,102 | €74,128 | -€149,974 | -66.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,810 | €158,923 | +€37,113 | +30.5% |
| Remuneration, social security and pensions | 62 | €33,228 | €35,319 | +€2,091 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,546 | €72,332 | -€5,215 | -6.7% |
| Other operating charges | 640/8 | €17,623 | €20,451 | +€2,828 | +16.0% |
| Gross operating margin | 9900 | €152,710 | €154,868 | +€2,159 | +1.4% |
| Operating profit (loss) | 9901 | €24,313 | €26,767 | +€2,454 | +10.1% |
| Financial income | 75/76B | €30 | €157 | +€127 | +423% |
| Recurring financial income | 75 | €30 | €157 | +€127 | +423% |
| Financial charges | 65/66B | €18,255 | €16,839 | -€1,416 | -7.8% |
| Recurring financial charges | 65 | €18,255 | €16,839 | -€1,416 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €6,088 | €10,084 | +€3,997 | +65.7% |
| Income taxes | 67/77 | €4,394 | €4,916 | +€522 | +11.9% |
| Profit (loss) for the period | 9904 | €1,694 | €5,169 | +€3,475 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €1,694 | €5,169 | +€3,475 | +205% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.