ITB Services: what changed
Two fiscal 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.
ITB Services
Largest movements
- Tangible fixed assets -€77,872
down €77,872 (-33.6%), from €232,036 to €154,164
of which Land and buildings: -€77,686
- Cash +€54,260
up €54,260 (+356.1%), from €15,236 to €69,495
mainly Investment in fixed assets (net) (+€71,423) and Net result for the year (+€10,339)
- Debts after one year -€19,312
down €19,312 (-25.9%), from €74,649 to €55,337
- Current portion of long-term debt -€13,139
down €13,139 (-48.2%), from €27,286 to €14,147
- Profit (loss) carried forward +€10,339
up €10,339 (+191.8%), from €5,391 to €15,730
- Gross operating margin +€23,315
up €23,315 (+1383.2%), from €1,686 to €25,000
- Other operating charges +€3,850
up €3,850 (+160.7%), from €2,395 to €6,246
- Depreciation -€3,620
down €3,620 (-35.3%), from €10,270 to €6,649
- Financial charges -€846
down €846 (-30.1%), from €2,812 to €1,966
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 | €249,650 | €226,381 | -€23,269 | -9.3% |
| Fixed assets | 21/28 | €232,237 | €154,164 | -€78,073 | -33.6% |
| Tangible fixed assets | 22/27 | €232,036 | €154,164 | -€77,872 | -33.6% |
| Land and buildings | 22 | €231,795 | €154,109 | -€77,686 | -33.5% |
| Plant, machinery and equipment | 23 | €224 | €55 | -€170 | -75.6% |
| Other tangible fixed assets | 26 | €16 | - | -€16 | |
| Financial fixed assets | 28 | €201 | - | -€201 | |
| Current assets | 29/58 | €17,414 | €72,217 | +€54,803 | +314.7% |
| Amounts receivable within one year | 40/41 | €1,813 | €2,622 | +€808 | +44.6% |
| Trade receivables | 40 | €1,200 | €2,547 | +€1,347 | +112.2% |
| Other amounts receivable | 41 | €613 | €75 | -€538 | -87.8% |
| Cash at bank and in hand | 54/58 | €15,236 | €69,495 | +€54,260 | +356.1% |
| Deferred charges and accrued income | 490/1 | €365 | €100 | -€265 | -72.6% |
| Total equity and liabilities | 10/49 | €249,650 | €226,381 | -€23,269 | -9.3% |
| Equity | 10/15 | €145,851 | €156,190 | +€10,339 | +7.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €120,000 | €120,000 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,391 | €15,730 | +€10,339 | +191.8% |
| Amounts payable | 17/49 | €103,799 | €70,191 | -€33,608 | -32.4% |
| Amounts payable after more than one year | 17 | €74,649 | €55,337 | -€19,312 | -25.9% |
| Financial debts | 170/4 | €74,649 | €55,337 | -€19,312 | -25.9% |
| Amounts payable within one year | 42/48 | €29,017 | €14,772 | -€14,246 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €27,286 | €14,147 | -€13,139 | -48.2% |
| Trade debts | 44 | €1,331 | €180 | -€1,151 | -86.5% |
| Suppliers | 440/4 | €1,331 | €180 | -€1,151 | -86.5% |
| Taxes, remuneration and social security | 45 | €73 | - | -€73 | |
| Taxes | 450/3 | €73 | - | -€73 | |
| Other amounts payable | 47/48 | €328 | €444 | +€117 | +35.5% |
| Accrued charges and deferred income | 492/3 | €133 | €83 | -€50 | -37.6% |
| Non-recurring operating income | 76A | - | €27,778 | +€27,778 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,270 | €6,649 | -€3,620 | -35.3% |
| Other operating charges | 640/8 | €2,395 | €6,246 | +€3,850 | +160.7% |
| Gross operating margin | 9900 | €1,686 | €25,000 | +€23,315 | +1383.2% |
| Operating profit (loss) | 9901 | -€10,979 | €12,105 | +€23,085 | |
| Financial income | 75/76B | €415 | €222 | -€193 | -46.6% |
| Recurring financial income | 75 | €415 | €222 | -€193 | -46.6% |
| Financial charges | 65/66B | €2,812 | €1,966 | -€846 | -30.1% |
| Recurring financial charges | 65 | €2,812 | €1,966 | -€846 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,377 | €10,361 | +€23,737 | |
| Income taxes | 67/77 | €134 | €22 | -€112 | -83.6% |
| Profit (loss) for the period | 9904 | -€13,511 | €10,339 | +€23,849 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,511 | €10,339 | +€23,849 |
Source: filed annual accounts (NBB), fiscal 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.