ITAZ: 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.
ITAZ
Largest movements
- Tangible fixed assets -€1,330
down €1,330 (-21.5%), from €6,176 to €4,846
- Cash +€1,227
up €1,227 (+78.7%), from €1,559 to €2,787
mainly Accrued charges and deferred income (+€5,509) and Trade debts (+€2,552)
- Other debts -€7,818
down €7,818 (-40.1%), from €19,486 to €11,668
- Accrued charges and deferred income +€5,509
up €5,509 (+189.1%), from €2,914 to €8,424
- Trade debts +€2,552
up €2,552 (+88.7%), from €2,877 to €5,429
- Profit (loss) carried forward -€641
down €641 (-1.3%), from -€49,628 to -€50,269
- Tax, wage and social debts +€183
up €183, from €0 to €183
of which Taxes: +€183
- Gross operating margin +€3,540
up €3,540 (+8.5%), from €41,482 to €45,022
- Staff costs +€2,433
up €2,433 (+6.2%), from €39,371 to €41,804
- Other operating charges -€744
down €744 (-27.9%), from €2,664 to €1,919
- Depreciation -€523
down €523 (-28.2%), from €1,853 to €1,330
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 | €9,630 | €9,416 | -€215 | -2.2% |
| Fixed assets | 21/28 | €6,176 | €4,846 | -€1,330 | -21.5% |
| Tangible fixed assets | 22/27 | €6,176 | €4,846 | -€1,330 | -21.5% |
| Plant, machinery and equipment | 23 | €2,644 | €2,065 | -€579 | -21.9% |
| Furniture and vehicles | 24 | €2,336 | €1,842 | -€495 | -21.2% |
| Other tangible fixed assets | 26 | €1,196 | €940 | -€256 | -21.4% |
| Current assets | 29/58 | €3,454 | €4,570 | +€1,115 | +32.3% |
| Stocks and contracts in progress | 3 | €1,803 | €1,783 | -€21 | -1.1% |
| Stocks | 30/36 | €1,803 | €1,783 | -€21 | -1.1% |
| Amounts receivable within one year | 40/41 | €92 | €0 | -€92 | -100.0% |
| Other amounts receivable | 41 | €92 | €0 | -€92 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,559 | €2,787 | +€1,227 | +78.7% |
| Total equity and liabilities | 10/49 | €9,630 | €9,416 | -€215 | -2.2% |
| Equity | 10/15 | -€24,647 | -€25,288 | -€641 | -2.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14,981 | €14,981 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,981 | €14,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,628 | -€50,269 | -€641 | -1.3% |
| Amounts payable | 17/49 | €34,277 | €34,703 | +€426 | +1.2% |
| Amounts payable after more than one year | 17 | €9,000 | €9,000 | = | 0.0% |
| Financial debts | 170/4 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,363 | €17,280 | -€5,083 | -22.7% |
| Trade debts | 44 | €2,877 | €5,429 | +€2,552 | +88.7% |
| Suppliers | 440/4 | €2,877 | €5,429 | +€2,552 | +88.7% |
| Taxes, remuneration and social security | 45 | €0 | €183 | +€183 | |
| Taxes | 450/3 | - | €183 | +€183 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,486 | €11,668 | -€7,818 | -40.1% |
| Accrued charges and deferred income | 492/3 | €2,914 | €8,424 | +€5,509 | +189.1% |
| Remuneration, social security and pensions | 62 | €39,371 | €41,804 | +€2,433 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,853 | €1,330 | -€523 | -28.2% |
| Other operating charges | 640/8 | €2,664 | €1,919 | -€744 | -27.9% |
| Gross operating margin | 9900 | €41,482 | €45,022 | +€3,540 | +8.5% |
| Operating profit (loss) | 9901 | -€2,406 | -€31 | +€2,375 | +98.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €455 | €436 | -€20 | -4.3% |
| Recurring financial charges | 65 | €455 | €436 | -€20 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,856 | -€467 | +€2,390 | +83.7% |
| Income taxes | 67/77 | - | €174 | +€174 | |
| Profit (loss) for the period | 9904 | -€2,856 | -€641 | +€2,215 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,856 | -€641 | +€2,215 | +77.6% |
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 12 October 2026 via checked.be.