ITECH: 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.
ITECH
Largest movements
- Receivables within one year -€258,506
down €258,506 (-56.2%), from €460,382 to €201,876
of which Other amounts receivable: -€240,505
- Tangible fixed assets -€96,485
down €96,485 (-97.7%), from €98,718 to €2,233
of which Furniture and vehicles: -€95,451
- Cash -€81,335
down €81,335 (-94.5%), from €86,044 to €4,709
mainly Trade debts (-€378,500) and Tax, wage and social debts (-€47,923)
- Trade debts -€378,500
no longer reported in 2025 (was €378,500)
- Tax, wage and social debts -€47,923
no longer reported in 2025 (was €47,923)
- Profit (loss) carried forward -€16,188
down €16,188 (-28.3%), from €57,202 to €41,014
- Gross operating margin -€81,550
down €81,550, from €67,075 to -€14,475
- Depreciation -€34,121
down €34,121 (-95.7%), from €35,643 to €1,522
- Taxes -€6,503
no longer reported in 2025 (was €6,503)
- Other operating charges -€1,644
down €1,644 (-93.2%), from €1,764 to €120
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 | €645,144 | €208,818 | -€436,326 | -67.6% |
| Fixed assets | 21/28 | €98,718 | €2,233 | -€96,485 | -97.7% |
| Tangible fixed assets | 22/27 | €98,718 | €2,233 | -€96,485 | -97.7% |
| Plant, machinery and equipment | 23 | €3,267 | €2,233 | -€1,034 | -31.6% |
| Furniture and vehicles | 24 | €95,451 | - | -€95,451 | |
| Current assets | 29/58 | €546,426 | €206,585 | -€339,841 | -62.2% |
| Amounts receivable within one year | 40/41 | €460,382 | €201,876 | -€258,506 | -56.2% |
| Trade receivables | 40 | €18,001 | - | -€18,001 | |
| Other amounts receivable | 41 | €442,381 | €201,876 | -€240,505 | -54.4% |
| Cash at bank and in hand | 54/58 | €86,044 | €4,709 | -€81,335 | -94.5% |
| Total equity and liabilities | 10/49 | €645,144 | €208,818 | -€436,326 | -67.6% |
| Equity | 10/15 | €218,721 | €202,533 | -€16,188 | -7.4% |
| Contributions | 10/11 | €161,200 | €161,200 | = | 0.0% |
| Capital | 10 | €161,200 | €161,200 | = | 0.0% |
| Issued capital | 100 | €161,200 | €161,200 | = | 0.0% |
| Reserves | 13 | €319 | €319 | = | 0.0% |
| Non-distributable reserves | 130/1 | €319 | €319 | = | 0.0% |
| Legal reserve | 130 | €319 | €319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,202 | €41,014 | -€16,188 | -28.3% |
| Amounts payable | 17/49 | €426,423 | €6,285 | -€420,138 | -98.5% |
| Amounts payable within one year | 42/48 | €426,423 | €6,285 | -€420,138 | -98.5% |
| Trade debts | 44 | €378,500 | - | -€378,500 | |
| Suppliers | 440/4 | €378,500 | - | -€378,500 | |
| Taxes, remuneration and social security | 45 | €47,923 | - | -€47,923 | |
| Taxes | 450/3 | €47,923 | - | -€47,923 | |
| Other amounts payable | 47/48 | - | €6,285 | +€6,285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,643 | €1,522 | -€34,121 | -95.7% |
| Other operating charges | 640/8 | €1,764 | €120 | -€1,644 | -93.2% |
| Gross operating margin | 9900 | €67,075 | -€14,475 | -€81,550 | |
| Operating profit (loss) | 9901 | €29,668 | -€16,117 | -€45,785 | |
| Financial charges | 65/66B | €74 | €71 | -€3 | -4.1% |
| Recurring financial charges | 65 | €74 | €71 | -€3 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €29,594 | -€16,188 | -€45,782 | |
| Income taxes | 67/77 | €6,503 | - | -€6,503 | |
| Profit (loss) for the period | 9904 | €23,091 | -€16,188 | -€39,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,091 | -€16,188 | -€39,279 |
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 15 October 2026 via checked.be.