ITC: 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.
ITC
Largest movements
- Cash +€300,497
up €300,497 (+415.7%), from €72,284 to €372,781
mainly Receivables within one year (+€212,612) and Trade debts (+€187,690)
- Receivables within one year -€212,612
down €212,612 (-22.1%), from €963,211 to €750,599
of which Trade receivables: -€210,071
- Tangible fixed assets -€87,147
down €87,147 (-20.6%), from €423,473 to €336,326
of which Land and buildings: -€74,550
- Trade debts +€187,690
up €187,690 (+59.3%), from €316,421 to €504,111
- Reserves -€59,045
down €59,045 (-20.6%), from €287,313 to €228,268
- Other debts -€56,036
down €56,036 (-18.1%), from €309,434 to €253,398
- Debts after one year -€41,805
down €41,805 (-25.4%), from €164,329 to €122,524
of which Financial debts: -€41,805
- Advances received -€24,225
down €24,225 (-31.6%), from €76,582 to €52,358
- Staff costs -€43,300
down €43,300 (-3.0%), from €1.4m to €1.4m
- Gross operating margin +€40,097
up €40,097 (+2.3%), from €1.7m to €1.8m
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 | €1,623,067 | €1,625,864 | +€2,797 | +0.2% |
| Fixed assets | 21/28 | €423,473 | €336,326 | -€87,147 | -20.6% |
| Tangible fixed assets | 22/27 | €423,473 | €336,326 | -€87,147 | -20.6% |
| Land and buildings | 22 | €186,548 | €111,998 | -€74,550 | -40.0% |
| Plant, machinery and equipment | 23 | €29,336 | €29,095 | -€241 | -0.8% |
| Furniture and vehicles | 24 | €207,589 | €195,233 | -€12,356 | -6.0% |
| Current assets | 29/58 | €1,199,595 | €1,289,538 | +€89,944 | +7.5% |
| Stocks and contracts in progress | 3 | €114,782 | €116,454 | +€1,671 | +1.5% |
| Stocks | 30/36 | €114,782 | €116,454 | +€1,671 | +1.5% |
| Amounts receivable within one year | 40/41 | €963,211 | €750,599 | -€212,612 | -22.1% |
| Trade receivables | 40 | €952,464 | €742,392 | -€210,071 | -22.1% |
| Other amounts receivable | 41 | €10,748 | €8,207 | -€2,541 | -23.6% |
| Cash at bank and in hand | 54/58 | €72,284 | €372,781 | +€300,497 | +415.7% |
| Deferred charges and accrued income | 490/1 | €49,317 | €49,704 | +€387 | +0.8% |
| Total equity and liabilities | 10/49 | €1,623,067 | €1,625,864 | +€2,797 | +0.2% |
| Equity | 10/15 | €305,863 | €246,818 | -€59,045 | -19.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €287,313 | €228,268 | -€59,045 | -20.6% |
| Distributable reserves | 133 | €287,313 | €228,268 | -€59,045 | -20.6% |
| Amounts payable | 17/49 | €1,317,205 | €1,379,046 | +€61,842 | +4.7% |
| Amounts payable after more than one year | 17 | €164,329 | €122,524 | -€41,805 | -25.4% |
| Financial debts | 170/4 | €44,329 | €2,524 | -€41,805 | -94.3% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,152,876 | €1,256,485 | +€103,609 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €42,804 | €41,805 | -€1,000 | -2.3% |
| Financial debts | 43 | €64,483 | €64,429 | -€54 | -0.1% |
| Credit institutions | 430/8 | €64,483 | €64,429 | -€54 | -0.1% |
| Trade debts | 44 | €316,421 | €504,111 | +€187,690 | +59.3% |
| Suppliers | 440/4 | €316,421 | €504,111 | +€187,690 | +59.3% |
| Advances received on contracts in progress | 46 | €76,582 | €52,358 | -€24,225 | -31.6% |
| Taxes, remuneration and social security | 45 | €343,151 | €340,384 | -€2,767 | -0.8% |
| Taxes | 450/3 | €71,359 | €55,485 | -€15,874 | -22.2% |
| Remuneration and social security | 454/9 | €271,792 | €284,899 | +€13,107 | +4.8% |
| Other amounts payable | 47/48 | €309,434 | €253,398 | -€56,036 | -18.1% |
| Accrued charges and deferred income | 492/3 | - | €38 | +€38 | |
| Non-recurring operating income | 76A | €21,799 | €16,508 | -€5,291 | -24.3% |
| Remuneration, social security and pensions | 62 | €1,420,368 | €1,377,068 | -€43,300 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,392 | €145,220 | +€6,828 | +4.9% |
| Other operating charges | 640/8 | €3,761 | €7,274 | +€3,513 | +93.4% |
| Non-recurring operating charges | 66A | €513 | €290 | -€223 | -43.4% |
| Gross operating margin | 9900 | €1,736,428 | €1,776,525 | +€40,097 | +2.3% |
| Operating profit (loss) | 9901 | €173,395 | €246,673 | +€73,278 | +42.3% |
| Financial income | 75/76B | €3,176 | - | -€3,176 | |
| Recurring financial income | 75 | €3,176 | - | -€3,176 | |
| Non-recurring financial income | 76B | €3,176 | - | -€3,176 | |
| Financial charges | 65/66B | €35,109 | €34,019 | -€1,091 | -3.1% |
| Recurring financial charges | 65 | €35,109 | €34,019 | -€1,091 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €141,461 | €212,654 | +€71,193 | +50.3% |
| Income taxes | 67/77 | €19,252 | €24,965 | +€5,712 | +29.7% |
| Profit (loss) for the period | 9904 | €122,209 | €187,690 | +€65,481 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €122,209 | €187,690 | +€65,481 | +53.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.