ITC: 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.
ITC
Largest movements
- Receivables within one year +€12,947
up €12,947 (+132%), from €9,789 to €22,736
of which Trade receivables: +€8,199
- Intangible fixed assets -€4,920
down €4,920 (-10.7%), from €46,047 to €41,127
- Tangible fixed assets -€1,524
down €1,524 (-47.7%), from €3,194 to €1,669
of which Furniture and vehicles: -€1,152
- Deferred charges and accrued income +€1,036
up €1,036, from €0 to €1,036
- Cash -€790
down €790 (-83.2%), from €949 to €159
mainly Net result for the year (-€109,968) and Receivables within one year (-€12,947)
- Profit (loss) carried forward -€109,968
down €109,968 (-31.5%), from -€349,593 to -€459,561
- Trade debts +€102,703
up €102,703 (+127%), from €80,776 to €183,479
- Other debts +€14,047
up €14,047 (+4.6%), from €302,262 to €316,309
- Debts after one year -€3,850
down €3,850 (-42.0%), from €9,167 to €5,317
- Current portion of long-term debt +€3,850
new in 2024: €3,850
- Depreciation -€24,607
down €24,607 (-82.3%), from €29,899 to €5,292
- Gross operating margin +€15,418
up €15,418 (+13.3%), from -€116,151 to -€100,733
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,979 | €71,727 | +€6,748 | +10.4% |
| Fixed assets | 21/28 | €49,241 | €42,796 | -€6,445 | -13.1% |
| Intangible fixed assets | 21 | €46,047 | €41,127 | -€4,920 | -10.7% |
| Tangible fixed assets | 22/27 | €3,194 | €1,669 | -€1,524 | -47.7% |
| Plant, machinery and equipment | 23 | €360 | €268 | -€92 | -25.5% |
| Furniture and vehicles | 24 | €1,152 | €0 | -€1,152 | -100% |
| Other tangible fixed assets | 26 | €1,682 | €1,401 | -€280 | -16.7% |
| Current assets | 29/58 | €15,738 | €28,931 | +€13,193 | +83.8% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €9,789 | €22,736 | +€12,947 | +132% |
| Trade receivables | 40 | €5,952 | €14,151 | +€8,199 | +138% |
| Other amounts receivable | 41 | €3,837 | €8,585 | +€4,749 | +124% |
| Cash at bank and in hand | 54/58 | €949 | €159 | -€790 | -83.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,036 | +€1,036 | |
| Total equity and liabilities | 10/49 | €64,979 | €71,727 | +€6,748 | +10.4% |
| Equity | 10/15 | -€327,593 | -€437,561 | -€109,968 | -33.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€349,593 | -€459,561 | -€109,968 | -31.5% |
| Amounts payable | 17/49 | €392,572 | €509,289 | +€116,716 | +29.7% |
| Amounts payable after more than one year | 17 | €9,167 | €5,317 | -€3,850 | -42.0% |
| Financial debts | 170/4 | €9,167 | €5,317 | -€3,850 | -42.0% |
| Amounts payable within one year | 42/48 | €383,406 | €503,972 | +€120,566 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,850 | +€3,850 | |
| Trade debts | 44 | €80,776 | €183,479 | +€102,703 | +127% |
| Suppliers | 440/4 | €80,776 | €183,479 | +€102,703 | +127% |
| Taxes, remuneration and social security | 45 | €368 | €334 | -€34 | -9.2% |
| Taxes | 450/3 | €368 | €334 | -€34 | -9.2% |
| Other amounts payable | 47/48 | €302,262 | €316,309 | +€14,047 | +4.6% |
| Remuneration, social security and pensions | 62 | €1,510 | €373 | -€1,137 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,899 | €5,292 | -€24,607 | -82.3% |
| Other operating charges | 640/8 | €2,269 | €2,090 | -€179 | -7.9% |
| Non-recurring operating charges | 66A | - | €1,152 | +€1,152 | |
| Gross operating margin | 9900 | -€116,151 | -€100,733 | +€15,418 | +13.3% |
| Operating profit (loss) | 9901 | -€149,829 | -€109,641 | +€40,188 | +26.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €590 | €125 | -€465 | -78.9% |
| Recurring financial charges | 65 | €590 | €125 | -€465 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | -€150,418 | -€109,765 | +€40,653 | +27.0% |
| Income taxes | 67/77 | €132 | €203 | +€71 | +54.2% |
| Profit (loss) for the period | 9904 | -€150,550 | -€109,968 | +€40,582 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,550 | -€109,968 | +€40,582 | +27.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.