ITars Consultancy: 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.
ITars Consultancy
Largest movements
- Cash +€30,178
up €30,178 (+50.1%), from €60,215 to €90,393
mainly Net result for the year (+€45,778) and Tax, wage and social debts (+€5,729)
- Current investments +€9,985
new in 2025: €9,985
- Receivables within one year +€9,267
up €9,267 (+32.1%), from €28,875 to €38,142
of which Other amounts receivable: +€5,281
- Deferred charges and accrued income +€1,718
new in 2025: €1,718
- Reserves +€116,668
new in 2025: €116,668
- Profit (loss) carried forward -€70,890
no longer reported in 2025 (was €70,890)
- Tax, wage and social debts +€5,729
up €5,729 (+46.0%), from €12,443 to €18,173
- Other debts -€3,499
no longer reported in 2025 (was €3,499)
- Trade debts +€2,648
new in 2025: €2,648
- Gross operating margin +€5,128
up €5,128 (+9.5%), from €54,233 to €59,360
- Taxes +€1,605
up €1,605 (+15.6%), from €10,282 to €11,887
- Financial income +€933
new in 2025: €933
- Other operating charges -€746
down €746 (-67.9%), from €1,097 to €352
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.
Cash bridge derived
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 | €89,832 | €140,489 | +€50,657 | +56.4% |
| Fixed assets | 21/28 | €741 | €250 | -€491 | -66.2% |
| Tangible fixed assets | 22/27 | €741 | €250 | -€491 | -66.2% |
| Furniture and vehicles | 24 | €741 | €250 | -€491 | -66.2% |
| Current assets | 29/58 | €89,090 | €140,238 | +€51,148 | +57.4% |
| Amounts receivable within one year | 40/41 | €28,875 | €38,142 | +€9,267 | +32.1% |
| Trade receivables | 40 | €28,875 | €32,861 | +€3,985 | +13.8% |
| Other amounts receivable | 41 | - | €5,281 | +€5,281 | |
| Current investments | 50/53 | - | €9,985 | +€9,985 | |
| Cash at bank and in hand | 54/58 | €60,215 | €90,393 | +€30,178 | +50.1% |
| Deferred charges and accrued income | 490/1 | - | €1,718 | +€1,718 | |
| Total equity and liabilities | 10/49 | €89,832 | €140,489 | +€50,657 | +56.4% |
| Equity | 10/15 | €73,890 | €119,668 | +€45,778 | +62.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €116,668 | +€116,668 | |
| Distributable reserves | 133 | - | €116,668 | +€116,668 | |
| Profit (loss) carried forward | 14 | €70,890 | - | -€70,890 | |
| Amounts payable | 17/49 | €15,942 | €20,821 | +€4,879 | +30.6% |
| Amounts payable within one year | 42/48 | €15,942 | €20,821 | +€4,879 | +30.6% |
| Trade debts | 44 | - | €2,648 | +€2,648 | |
| Suppliers | 440/4 | - | €2,648 | +€2,648 | |
| Taxes, remuneration and social security | 45 | €12,443 | €18,173 | +€5,729 | +46.0% |
| Taxes | 450/3 | €12,443 | €18,173 | +€5,729 | +46.0% |
| Other amounts payable | 47/48 | €3,499 | - | -€3,499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491 | €491 | = | 0.0% |
| Other operating charges | 640/8 | €1,097 | €352 | -€746 | -67.9% |
| Gross operating margin | 9900 | €54,233 | €59,360 | +€5,128 | +9.5% |
| Operating profit (loss) | 9901 | €52,644 | €58,517 | +€5,873 | +11.2% |
| Financial income | 75/76B | - | €933 | +€933 | |
| Recurring financial income | 75 | - | €933 | +€933 | |
| Financial charges | 65/66B | €2,280 | €1,785 | -€494 | -21.7% |
| Recurring financial charges | 65 | €2,280 | €1,785 | -€494 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €50,364 | €57,665 | +€7,301 | +14.5% |
| Income taxes | 67/77 | €10,282 | €11,887 | +€1,605 | +15.6% |
| Profit (loss) for the period | 9904 | €40,082 | €45,778 | +€5,696 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,082 | €45,778 | +€5,696 | +14.2% |
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 9 October 2026 via checked.be.