ITECH-WOOD: 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-WOOD
Largest movements
- Receivables within one year +€586,284
up €586,284 (+703%), from €83,415 to €669,699
of which Other amounts receivable: +€314,479
- Other debts +€1.0m
up €1.0m (+1,836%), from €54,526 to €1.1m
- Short-term financial debts -€496,977
down €496,977 (-99.3%), from €500,377 to €3,400
- Debts after one year +€225,239
up €225,239 (+432%), from €52,140 to €277,379
of which Financial debts: +€225,239
- Reserves -€120,000
down €120,000 (-66.2%), from €181,253 to €61,253
of which Distributable reserves: -€120,000
- Accrued charges and deferred income -€21,953
down €21,953 (-100%), from €21,953 to €0
- Gross operating margin +€258,524
up €258,524 (+190%), from €136,093 to €394,617
- Taxes +€59,427
up €59,427 (+565%), from €10,526 to €69,952
- Financial charges +€31,649
up €31,649 (+41.6%), from €76,056 to €107,705
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 | €1,079,347 | €1,678,574 | +€599,227 | +55.5% |
| Fixed assets | 21/28 | €189,327 | €181,726 | -€7,601 | -4.0% |
| Tangible fixed assets | 22/27 | €9,227 | €1,626 | -€7,601 | -82.4% |
| Furniture and vehicles | 24 | €9,227 | €1,626 | -€7,601 | -82.4% |
| Financial fixed assets | 28 | €180,100 | €180,100 | = | 0.0% |
| Current assets | 29/58 | €890,019 | €1,496,848 | +€606,828 | +68.2% |
| Stocks and contracts in progress | 3 | €793,640 | €797,440 | +€3,800 | +0.5% |
| Stocks | 30/36 | €793,640 | €797,440 | +€3,800 | +0.5% |
| Amounts receivable within one year | 40/41 | €83,415 | €669,699 | +€586,284 | +703% |
| Trade receivables | 40 | €68,940 | €340,745 | +€271,805 | +394% |
| Other amounts receivable | 41 | €14,474 | €328,954 | +€314,479 | +2,173% |
| Cash at bank and in hand | 54/58 | €10,452 | €22,679 | +€12,227 | +117% |
| Deferred charges and accrued income | 490/1 | €2,512 | €7,030 | +€4,517 | +180% |
| Total equity and liabilities | 10/49 | €1,079,347 | €1,678,574 | +€599,227 | +55.5% |
| Equity | 10/15 | €386,687 | €265,618 | -€121,070 | -31.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €181,253 | €61,253 | -€120,000 | -66.2% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Financial assistance | 1313 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €180,753 | €60,753 | -€120,000 | -66.4% |
| Profit (loss) carried forward | 14 | €5,435 | €4,365 | -€1,070 | -19.7% |
| Amounts payable | 17/49 | €692,659 | €1,412,956 | +€720,296 | +104% |
| Amounts payable after more than one year | 17 | €52,140 | €277,379 | +€225,239 | +432% |
| Financial debts | 170/4 | €32,140 | €257,379 | +€225,239 | +701% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €618,566 | €1,135,577 | +€517,011 | +83.6% |
| Current portion of amounts payable after more than one year | 42 | €46,450 | €55,968 | +€9,518 | +20.5% |
| Financial debts | 43 | €500,377 | €3,400 | -€496,977 | -99.3% |
| Credit institutions | 430/8 | €500,377 | €3,400 | -€496,977 | -99.3% |
| Trade debts | 44 | €2,306 | €6,591 | +€4,286 | +186% |
| Suppliers | 440/4 | €2,306 | €6,591 | +€4,286 | +186% |
| Taxes, remuneration and social security | 45 | €14,908 | €13,947 | -€961 | -6.4% |
| Taxes | 450/3 | €11,677 | €10,716 | -€961 | -8.2% |
| Remuneration and social security | 454/9 | €3,231 | €3,231 | = | 0.0% |
| Other amounts payable | 47/48 | €54,526 | €1,055,670 | +€1.0m | +1,836% |
| Accrued charges and deferred income | 492/3 | €21,953 | €0 | -€21,953 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,601 | €7,601 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,556 | €1,528 | -€28 | -1.8% |
| Gross operating margin | 9900 | €136,093 | €394,617 | +€258,524 | +190% |
| Operating profit (loss) | 9901 | €126,937 | €385,487 | +€258,551 | +204% |
| Financial income | 75/76B | €1 | €0 | -€1 | -94.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -94.0% |
| Financial charges | 65/66B | €76,056 | €107,705 | +€31,649 | +41.6% |
| Recurring financial charges | 65 | €76,056 | €107,705 | +€31,649 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €50,882 | €277,783 | +€226,900 | +446% |
| Income taxes | 67/77 | €10,526 | €69,952 | +€59,427 | +565% |
| Profit (loss) for the period | 9904 | €40,357 | €207,830 | +€167,474 | +415% |
| Profit (loss) for the period to be appropriated | 9905 | €40,357 | €207,830 | +€167,474 | +415% |
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 21 October 2026 via checked.be.