ITech Academy: 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 Academy
Largest movements
- Intangible fixed assets -€14,000
down €14,000 (-100%), from €14,000 to €0
- Tangible fixed assets -€2,997
down €2,997 (-52.9%), from €5,669 to €2,672
of which Furniture and vehicles: -€4,822
- Receivables within one year -€2,235
down €2,235 (-7.0%), from €31,737 to €29,502
of which Trade receivables: -€5,500
- Cash +€1,452
up €1,452 (+2.3%), from €62,251 to €63,702
mainly Depreciation (+€15,210) and Net result for the year (+€7,583)
- Debts after one year -€14,963
down €14,963 (-100%), from €14,963 to €0
- Reserves -€2,217
down €2,217 (-2.8%), from €78,404 to €76,187
- Gross operating margin -€26,698
down €26,698 (-48.9%), from €54,545 to €27,847
- Taxes -€4,143
down €4,143 (-53.9%), from €7,693 to €3,549
- Depreciation -€1,538
down €1,538 (-9.2%), from €16,749 to €15,210
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 | €113,657 | €95,984 | -€17,673 | -15.5% |
| Fixed assets | 21/28 | €19,669 | €2,672 | -€16,997 | -86.4% |
| Intangible fixed assets | 21 | €14,000 | €0 | -€14,000 | -100% |
| Tangible fixed assets | 22/27 | €5,669 | €2,672 | -€2,997 | -52.9% |
| Plant, machinery and equipment | 23 | - | €1,825 | +€1,825 | |
| Furniture and vehicles | 24 | €5,669 | €848 | -€4,822 | -85.0% |
| Current assets | 29/58 | €93,988 | €93,312 | -€676 | -0.7% |
| Amounts receivable within one year | 40/41 | €31,737 | €29,502 | -€2,235 | -7.0% |
| Trade receivables | 40 | €21,826 | €16,326 | -€5,500 | -25.2% |
| Other amounts receivable | 41 | €9,911 | €13,176 | +€3,265 | +32.9% |
| Cash at bank and in hand | 54/58 | €62,251 | €63,702 | +€1,452 | +2.3% |
| Deferred charges and accrued income | 490/1 | €0 | €107 | +€107 | |
| Total equity and liabilities | 10/49 | €113,657 | €95,984 | -€17,673 | -15.5% |
| Equity | 10/15 | €78,504 | €76,287 | -€2,217 | -2.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €78,404 | €76,187 | -€2,217 | -2.8% |
| Distributable reserves | 133 | €78,404 | €76,187 | -€2,217 | -2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,154 | €19,697 | -€15,456 | -44.0% |
| Amounts payable after more than one year | 17 | €14,963 | €0 | -€14,963 | -100% |
| Financial debts | 170/4 | €14,963 | €0 | -€14,963 | -100% |
| Amounts payable within one year | 42/48 | €20,191 | €19,697 | -€494 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €14,741 | €14,963 | +€222 | +1.5% |
| Trade debts | 44 | €225 | €42 | -€183 | -81.3% |
| Suppliers | 440/4 | €225 | €42 | -€183 | -81.3% |
| Taxes, remuneration and social security | 45 | €5,226 | €4,693 | -€533 | -10.2% |
| Taxes | 450/3 | €5,226 | €4,693 | -€533 | -10.2% |
| Non-recurring operating income | 76A | - | €6,130 | +€6,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,749 | €15,210 | -€1,538 | -9.2% |
| Other operating charges | 640/8 | €958 | €661 | -€297 | -31.0% |
| Gross operating margin | 9900 | €54,545 | €27,847 | -€26,698 | -48.9% |
| Operating profit (loss) | 9901 | €36,838 | €11,976 | -€24,862 | -67.5% |
| Financial income | 75/76B | €461 | €459 | -€3 | -0.6% |
| Recurring financial income | 75 | €461 | €459 | -€3 | -0.6% |
| Financial charges | 65/66B | €1,482 | €1,302 | -€180 | -12.1% |
| Recurring financial charges | 65 | €1,482 | €1,302 | -€180 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €35,817 | €11,132 | -€24,685 | -68.9% |
| Income taxes | 67/77 | €7,693 | €3,549 | -€4,143 | -53.9% |
| Profit (loss) for the period | 9904 | €28,125 | €7,583 | -€20,541 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,125 | €7,583 | -€20,541 | -73.0% |
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.