ITCMEDIA: 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.
ITCMEDIA
Largest movements
- Receivables within one year +€31,993
up €31,993 (+95.3%), from €33,555 to €65,548
of which Other amounts receivable: +€21,035
- Tangible fixed assets -€27,920
down €27,920 (-11.8%), from €236,210 to €208,290
of which Land and buildings: -€22,220
- Cash -€6,093
down €6,093 (-94.6%), from €6,444 to €351
- Debts after one year -€40,076
down €40,076 (-37.3%), from €107,552 to €67,476
- Reserves +€39,056
up €39,056 (+33.3%), from €117,458 to €156,514
of which Distributable reserves: +€39,056
- Other operating charges -€12,430
down €12,430 (-90.8%), from €13,695 to €1,265
- Gross operating margin -€5,256
down €5,256 (-7.5%), from €70,213 to €64,957
- Depreciation +€2,735
up €2,735 (+15.8%), from €17,326 to €20,061
- Financial income +€2,544
up €2,544 (+7654.4%), from €33 to €2,578
- Taxes +€2,487
up €2,487 (+23.2%), from €10,699 to €13,186
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,302 | €275,243 | -€2,059 | -0.7% |
| Fixed assets | 21/28 | €236,290 | €208,370 | -€27,920 | -11.8% |
| Tangible fixed assets | 22/27 | €236,210 | €208,290 | -€27,920 | -11.8% |
| Land and buildings | 22 | €215,587 | €193,367 | -€22,220 | -10.3% |
| Plant, machinery and equipment | 23 | €8,497 | €5,693 | -€2,804 | -33.0% |
| Furniture and vehicles | 24 | €12,127 | €9,231 | -€2,896 | -23.9% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €41,012 | €66,872 | +€25,861 | +63.1% |
| Amounts receivable within one year | 40/41 | €33,555 | €65,548 | +€31,993 | +95.3% |
| Trade receivables | 40 | €4,125 | €15,083 | +€10,958 | +265.6% |
| Other amounts receivable | 41 | €29,430 | €50,466 | +€21,035 | +71.5% |
| Cash at bank and in hand | 54/58 | €6,444 | €351 | -€6,093 | -94.6% |
| Deferred charges and accrued income | 490/1 | €1,012 | €973 | -€39 | -3.8% |
| Total equity and liabilities | 10/49 | €277,302 | €275,243 | -€2,059 | -0.7% |
| Equity | 10/15 | €123,658 | €162,714 | +€39,056 | +31.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,458 | €156,514 | +€39,056 | +33.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,598 | €154,654 | +€39,056 | +33.8% |
| Amounts payable | 17/49 | €153,644 | €112,529 | -€41,115 | -26.8% |
| Amounts payable after more than one year | 17 | €107,552 | €67,476 | -€40,076 | -37.3% |
| Financial debts | 170/4 | €107,552 | €67,476 | -€40,076 | -37.3% |
| Amounts payable within one year | 42/48 | €46,092 | €45,053 | -€1,039 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €20,127 | €20,199 | +€72 | +0.4% |
| Trade debts | 44 | €4,106 | €2,769 | -€1,337 | -32.6% |
| Suppliers | 440/4 | €4,106 | €2,769 | -€1,337 | -32.6% |
| Taxes, remuneration and social security | 45 | €21,859 | €22,085 | +€226 | +1.0% |
| Taxes | 450/3 | €21,859 | €22,085 | +€226 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,326 | €20,061 | +€2,735 | +15.8% |
| Other operating charges | 640/8 | €13,695 | €1,265 | -€12,430 | -90.8% |
| Gross operating margin | 9900 | €70,213 | €64,957 | -€5,256 | -7.5% |
| Operating profit (loss) | 9901 | €39,192 | €43,631 | +€4,439 | +11.3% |
| Financial income | 75/76B | €33 | €2,578 | +€2,544 | +7654.4% |
| Recurring financial income | 75 | €33 | €2,578 | +€2,544 | +7654.4% |
| Financial charges | 65/66B | €3,776 | €5,608 | +€1,832 | +48.5% |
| Recurring financial charges | 65 | €3,726 | €5,608 | +€1,882 | +50.5% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | €35,450 | €40,601 | +€5,151 | +14.5% |
| Income taxes | 67/77 | €10,699 | €13,186 | +€2,487 | +23.2% |
| Profit (loss) for the period | 9904 | €24,751 | €27,415 | +€2,664 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,751 | €27,415 | +€2,664 | +10.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.