ITAS: 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.
ITAS
Largest movements
- Current investments -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Cash +€64,023
up €64,023 (+398.3%), from €16,076 to €80,099
mainly Current investments (+€150,000) and Depreciation (+€29,786)
- Receivables within one year -€10,891
down €10,891 (-61.1%), from €17,821 to €6,931
- Other debts -€141,168
down €141,168 (-94.6%), from €149,213 to €8,046
- Reserves +€24,189
up €24,189 (+15.1%), from €160,118 to €184,307
of which Distributable reserves: +€39,004
- Trade debts +€23,288
up €23,288 (+95.3%), from €24,444 to €47,731
- Gross operating margin -€171,926
down €171,926 (-75.0%), from €229,175 to €57,249
- Depreciation +€10,797
up €10,797 (+56.9%), from €18,990 to €29,786
- Taxes +€8,072
up €8,072 (+121.2%), from €6,659 to €14,731
- Financial income +€7,161
up €7,161 (+517.1%), from €1,385 to €8,546
- Other operating charges -€2,713
down €2,713 (-53.3%), from €5,090 to €2,377
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 | €555,307 | €456,032 | -€99,275 | -17.9% |
| Fixed assets | 21/28 | €218,753 | €215,640 | -€3,113 | -1.4% |
| Tangible fixed assets | 22/27 | €218,499 | €215,386 | -€3,113 | -1.4% |
| Land and buildings | 22 | €209,612 | €205,733 | -€3,879 | -1.9% |
| Furniture and vehicles | 24 | €8,887 | €9,653 | +€766 | +8.6% |
| Financial fixed assets | 28 | €254 | €254 | = | 0.0% |
| Current assets | 29/58 | €336,554 | €240,392 | -€96,162 | -28.6% |
| Amounts receivable within one year | 40/41 | €17,821 | €6,931 | -€10,891 | -61.1% |
| Other amounts receivable | 41 | €17,821 | €6,931 | -€10,891 | -61.1% |
| Current investments | 50/53 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €16,076 | €80,099 | +€64,023 | +398.3% |
| Deferred charges and accrued income | 490/1 | €2,657 | €3,362 | +€706 | +26.6% |
| Total equity and liabilities | 10/49 | €555,307 | €456,032 | -€99,275 | -17.9% |
| Equity | 10/15 | €322,636 | €346,307 | +€23,671 | +7.3% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €160,118 | €184,307 | +€24,189 | +15.1% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €143,918 | €129,103 | -€14,815 | -10.3% |
| Distributable reserves | 133 | - | €39,004 | +€39,004 | |
| Profit (loss) carried forward | 14 | €518 | - | -€518 | |
| Provisions and deferred taxes | 16 | €47,770 | €42,832 | -€4,938 | -10.3% |
| Deferred taxes | 168 | €47,770 | €42,832 | -€4,938 | -10.3% |
| Amounts payable | 17/49 | €184,901 | €66,893 | -€118,008 | -63.8% |
| Amounts payable within one year | 42/48 | €174,706 | €56,698 | -€118,008 | -67.5% |
| Trade debts | 44 | €24,444 | €47,731 | +€23,288 | +95.3% |
| Suppliers | 440/4 | €24,444 | €47,731 | +€23,288 | +95.3% |
| Taxes, remuneration and social security | 45 | €1,049 | €921 | -€128 | -12.2% |
| Taxes | 450/3 | €1,049 | €921 | -€128 | -12.2% |
| Other amounts payable | 47/48 | €149,213 | €8,046 | -€141,168 | -94.6% |
| Accrued charges and deferred income | 492/3 | €10,195 | €10,195 | = | 0.0% |
| Non-recurring operating income | 76A | €195,264 | - | -€195,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,990 | €29,786 | +€10,797 | +56.9% |
| Other operating charges | 640/8 | €5,090 | €2,377 | -€2,713 | -53.3% |
| Gross operating margin | 9900 | €229,175 | €57,249 | -€171,926 | -75.0% |
| Operating profit (loss) | 9901 | €205,095 | €25,086 | -€180,009 | -87.8% |
| Financial income | 75/76B | €1,385 | €8,546 | +€7,161 | +517.1% |
| Recurring financial income | 75 | €1,385 | €8,546 | +€7,161 | +517.1% |
| Financial charges | 65/66B | €137 | €168 | +€31 | +22.8% |
| Recurring financial charges | 65 | €137 | €168 | +€31 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €206,343 | €33,464 | -€172,880 | -83.8% |
| Transfer from deferred taxes | 780 | €1,046 | €4,938 | +€3,892 | +372.2% |
| Transfer to deferred taxes | 680 | €48,816 | - | -€48,816 | |
| Income taxes | 67/77 | €6,659 | €14,731 | +€8,072 | +121.2% |
| Profit (loss) for the period | 9904 | €151,914 | €23,671 | -€128,243 | -84.4% |
| Transfer from tax-exempt reserves | 789 | €3,138 | €14,815 | +€11,677 | +372.1% |
| Transfer to tax-exempt reserves | 689 | €146,448 | - | -€146,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,603 | €38,486 | +€29,883 | +347.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.