ITcube: 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.
ITcube
Largest movements
- Receivables within one year +€39,458
up €39,458 (+15.1%), from €260,634 to €300,093
of which Other amounts receivable: +€33,399
- Cash -€32,963
down €32,963 (-74.9%), from €43,986 to €11,023
mainly Contributions, distributions and other (-€57,669) and Receivables within one year (-€39,458)
- Tangible fixed assets -€12,947
down €12,947 (-11.2%), from €115,100 to €102,153
of which Furniture and vehicles: -€11,612
- Financial fixed assets +€7,343
up €7,343 (+3.8%), from €192,997 to €200,340
- Other debts +€57,669
new in 2024: €57,669
- Tax, wage and social debts -€25,025
down €25,025 (-84.7%), from €29,541 to €4,515
- Reserves -€23,631
down €23,631 (-5.1%), from €466,924 to €443,293
of which Distributable reserves: -€23,631
- Debts after one year -€17,622
down €17,622 (-34.9%), from €50,436 to €32,814
- Trade debts +€10,984
up €10,984 (+53.9%), from €20,384 to €31,368
- Gross operating margin -€55,546
down €55,546 (-49.3%), from €112,563 to €57,018
- Taxes -€14,777
down €14,777 (-50.1%), from €29,518 to €14,740
- Financial income +€3,006
up €3,006 (+15.9%), from €18,879 to €21,885
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 | €613,682 | €615,862 | +€2,180 | +0.4% |
| Fixed assets | 21/28 | €308,097 | €302,493 | -€5,604 | -1.8% |
| Tangible fixed assets | 22/27 | €115,100 | €102,153 | -€12,947 | -11.2% |
| Land and buildings | 22 | €45,565 | €44,510 | -€1,055 | -2.3% |
| Furniture and vehicles | 24 | €68,694 | €57,082 | -€11,612 | -16.9% |
| Other tangible fixed assets | 26 | €840 | €560 | -€280 | -33.3% |
| Financial fixed assets | 28 | €192,997 | €200,340 | +€7,343 | +3.8% |
| Current assets | 29/58 | €305,585 | €313,369 | +€7,785 | +2.5% |
| Amounts receivable within one year | 40/41 | €260,634 | €300,093 | +€39,458 | +15.1% |
| Trade receivables | 40 | €35,302 | €41,361 | +€6,059 | +17.2% |
| Other amounts receivable | 41 | €225,333 | €258,732 | +€33,399 | +14.8% |
| Cash at bank and in hand | 54/58 | €43,986 | €11,023 | -€32,963 | -74.9% |
| Deferred charges and accrued income | 490/1 | €964 | €2,254 | +€1,290 | +134% |
| Total equity and liabilities | 10/49 | €613,682 | €615,862 | +€2,180 | +0.4% |
| Equity | 10/15 | €491,924 | €468,293 | -€23,631 | -4.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €466,924 | €443,293 | -€23,631 | -5.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €466,924 | €443,293 | -€23,631 | -5.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €121,758 | €147,569 | +€25,811 | +21.2% |
| Amounts payable after more than one year | 17 | €50,436 | €32,814 | -€17,622 | -34.9% |
| Financial debts | 170/4 | €50,436 | €32,814 | -€17,622 | -34.9% |
| Amounts payable within one year | 42/48 | €71,054 | €114,690 | +€43,636 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €16,846 | €17,622 | +€776 | +4.6% |
| Financial debts | 43 | €4,284 | €3,516 | -€768 | -17.9% |
| Credit institutions | 430/8 | €4,284 | €3,516 | -€768 | -17.9% |
| Trade debts | 44 | €20,384 | €31,368 | +€10,984 | +53.9% |
| Suppliers | 440/4 | €20,384 | €31,368 | +€10,984 | +53.9% |
| Taxes, remuneration and social security | 45 | €29,541 | €4,515 | -€25,025 | -84.7% |
| Taxes | 450/3 | €29,541 | €4,515 | -€25,025 | -84.7% |
| Other amounts payable | 47/48 | - | €57,669 | +€57,669 | |
| Accrued charges and deferred income | 492/3 | €268 | €64 | -€203 | -76.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,364 | €22,285 | -€1,079 | -4.6% |
| Other operating charges | 640/8 | €2,205 | €2,097 | -€108 | -4.9% |
| Non-recurring operating charges | 66A | €92 | €0 | -€92 | -100% |
| Gross operating margin | 9900 | €112,563 | €57,018 | -€55,546 | -49.3% |
| Operating profit (loss) | 9901 | €86,902 | €32,635 | -€54,266 | -62.4% |
| Financial income | 75/76B | €18,879 | €21,885 | +€3,006 | +15.9% |
| Recurring financial income | 75 | €18,879 | €21,885 | +€3,006 | +15.9% |
| Financial charges | 65/66B | €5,261 | €5,741 | +€480 | +9.1% |
| Recurring financial charges | 65 | €5,261 | €5,741 | +€480 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €100,520 | €48,779 | -€51,741 | -51.5% |
| Income taxes | 67/77 | €29,518 | €14,740 | -€14,777 | -50.1% |
| Profit (loss) for the period | 9904 | €71,002 | €34,039 | -€36,964 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,002 | €34,039 | -€36,964 | -52.1% |
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 13 October 2026 via checked.be.