ITCSD: 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.
ITCSD
Largest movements
- Cash -€10,979
down €10,979 (-27.9%), from €39,354 to €28,375
mainly Tax, wage and social debts (-€11,358) and Other debts (-€11,262)
- Tax, wage and social debts -€11,358
down €11,358 (-68.2%), from €16,663 to €5,305
- Other debts -€11,262
down €11,262 (-42.2%), from €26,695 to €15,433
- Profit (loss) carried forward +€8,121
up €8,121 (+162%), from €4,999 to €13,120
- Trade debts +€3,581
up €3,581 (+653%), from €548 to €4,129
- Gross operating margin +€8,450
up €8,450 (+683%), from €1,238 to €9,688
- Taxes +€974
new in 2025: €974
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.
Derived cash bridge
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 | €55,725 | €44,807 | -€10,918 | -19.6% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Current assets | 29/58 | €55,725 | €44,807 | -€10,918 | -19.6% |
| Amounts receivable within one year | 40/41 | €16,372 | €16,432 | +€60 | +0.4% |
| Trade receivables | 40 | €16,372 | €16,432 | +€60 | +0.4% |
| Cash at bank and in hand | 54/58 | €39,354 | €28,375 | -€10,979 | -27.9% |
| Total equity and liabilities | 10/49 | €55,725 | €44,807 | -€10,918 | -19.6% |
| Equity | 10/15 | €11,819 | €19,940 | +€8,121 | +68.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,999 | €13,120 | +€8,121 | +162% |
| Amounts payable | 17/49 | €43,906 | €24,867 | -€19,039 | -43.4% |
| Amounts payable within one year | 42/48 | €43,906 | €24,867 | -€19,039 | -43.4% |
| Trade debts | 44 | €548 | €4,129 | +€3,581 | +653% |
| Suppliers | 440/4 | €548 | €4,129 | +€3,581 | +653% |
| Taxes, remuneration and social security | 45 | €16,663 | €5,305 | -€11,358 | -68.2% |
| Taxes | 450/3 | €16,663 | €5,305 | -€11,358 | -68.2% |
| Other amounts payable | 47/48 | €26,695 | €15,433 | -€11,262 | -42.2% |
| Other operating charges | 640/8 | €460 | €494 | +€34 | +7.3% |
| Gross operating margin | 9900 | €1,238 | €9,688 | +€8,450 | +683% |
| Operating profit (loss) | 9901 | €778 | €9,194 | +€8,416 | +1,082% |
| Financial charges | 65/66B | €47 | €99 | +€53 | +112% |
| Recurring financial charges | 65 | €47 | €99 | +€53 | +112% |
| Profit (loss) for the period before taxes | 9903 | €731 | €9,094 | +€8,364 | +1,145% |
| Income taxes | 67/77 | - | €974 | +€974 | |
| Profit (loss) for the period | 9904 | €731 | €8,121 | +€7,390 | +1,011% |
| Profit (loss) for the period to be appropriated | 9905 | €731 | €8,121 | +€7,390 | +1,011% |
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 25 October 2026 via checked.be.