ITECMA: 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.
ITECMA
Largest movements
- Cash -€10,311
down €10,311 (-20.2%), from €50,978 to €40,667
mainly Trade debts (-€11,635) and Receivables within one year (-€4,165)
- Receivables within one year +€4,165
up €4,165 (+42.2%), from €9,869 to €14,034
- Stocks and contracts -€3,859
down €3,859 (-28.3%), from €13,652 to €9,793
- Trade debts -€11,635
down €11,635 (-71.6%), from €16,257 to €4,622
- Profit (loss) carried forward +€1,630
up €1,630 (+116.3%), from €1,402 to €3,032
- Gross operating margin -€892
down €892 (-22.7%), from €3,937 to €3,045
- Financial income -€217
down €217 (-26.8%), from €810 to €593
- Financial charges -€96
down €96 (-26.6%), from €360 to €264
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.
Cash bridge derived
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 | €74,638 | €64,633 | -€10,005 | -13.4% |
| Fixed assets | 21/28 | €139 | €139 | +€0 | +0.1% |
| Financial fixed assets | 28 | €139 | €139 | +€0 | +0.1% |
| Current assets | 29/58 | €74,499 | €64,494 | -€10,005 | -13.4% |
| Stocks and contracts in progress | 3 | €13,652 | €9,793 | -€3,859 | -28.3% |
| Stocks | 30/36 | €13,652 | €9,793 | -€3,859 | -28.3% |
| Amounts receivable within one year | 40/41 | €9,869 | €14,034 | +€4,165 | +42.2% |
| Trade receivables | 40 | €9,869 | €14,034 | +€4,165 | +42.2% |
| Cash at bank and in hand | 54/58 | €50,978 | €40,667 | -€10,311 | -20.2% |
| Total equity and liabilities | 10/49 | €74,638 | €64,633 | -€10,005 | -13.4% |
| Equity | 10/15 | €58,381 | €60,011 | +€1,630 | +2.8% |
| Contributions | 10/11 | €50,000 | €50,000 | -€0 | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €6,979 | €6,979 | +€0 | 0.0% |
| Distributable reserves | 133 | €6,979 | €6,979 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €1,402 | €3,032 | +€1,630 | +116.3% |
| Amounts payable | 17/49 | €16,257 | €4,622 | -€11,635 | -71.6% |
| Amounts payable within one year | 42/48 | €16,257 | €4,622 | -€11,635 | -71.6% |
| Trade debts | 44 | €16,257 | €4,622 | -€11,635 | -71.6% |
| Suppliers | 440/4 | €16,257 | €4,622 | -€11,635 | -71.6% |
| Remuneration, social security and pensions | 62 | €489 | €489 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,141 | €1,124 | -€17 | -1.4% |
| Gross operating margin | 9900 | €3,937 | €3,045 | -€892 | -22.7% |
| Operating profit (loss) | 9901 | €2,308 | €1,432 | -€876 | -38.0% |
| Financial income | 75/76B | €810 | €593 | -€217 | -26.8% |
| Recurring financial income | 75 | €810 | €593 | -€217 | -26.8% |
| Financial charges | 65/66B | €360 | €264 | -€96 | -26.6% |
| Recurring financial charges | 65 | €360 | €264 | -€96 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €2,758 | €1,761 | -€997 | -36.2% |
| Income taxes | 67/77 | €120 | €131 | +€11 | +9.4% |
| Profit (loss) for the period | 9904 | €2,638 | €1,630 | -€1,008 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,638 | €1,630 | -€1,008 | -38.2% |
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 12 October 2026 via checked.be.