ITECON: what changed
Two fiscal 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.
ITECON
Largest movements
- Receivables after one year +€83,357
new in 2025: €83,357
- Cash -€66,455
down €66,455 (-60.7%), from €109,477 to €43,022
mainly Receivables after one year (-€83,357) and Trade debts (-€3,685)
- Receivables within one year -€14,989
down €14,989 (-20.5%), from €73,200 to €58,212
of which Trade receivables: -€15,254
- Reserves +€154,344
up €154,344 (+8298.1%), from €1,860 to €156,204
- Profit (loss) carried forward -€144,670
no longer reported in 2025 (was €144,670)
- Trade debts -€3,685
down €3,685 (-17.6%), from €20,920 to €17,235
- Current portion of long-term debt -€3,342
no longer reported in 2025 (was €3,342)
- Staff costs -€11,073
down €11,073, from €10,583 to -€491
- Gross operating margin -€6,097
down €6,097 (-30.3%), from €20,149 to €14,052
- Financial income +€3,735
up €3,735 (+30467.8%), from €12 to €3,748
- Taxes +€3,156
up €3,156 (+283.2%), from €1,114 to €4,271
- Other operating charges -€892
down €892 (-31.7%), from €2,816 to €1,923
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 | €193,609 | €196,955 | +€3,346 | +1.7% |
| Fixed assets | 21/28 | €1,561 | €1,305 | -€257 | -16.4% |
| Tangible fixed assets | 22/27 | €1,361 | €1,105 | -€257 | -18.8% |
| Plant, machinery and equipment | 23 | €1,361 | €335 | -€1,027 | -75.4% |
| Furniture and vehicles | 24 | - | €770 | +€770 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €192,048 | €195,650 | +€3,602 | +1.9% |
| Amounts receivable after more than one year | 29 | - | €83,357 | +€83,357 | |
| Other amounts receivable | 291 | - | €83,357 | +€83,357 | |
| Stocks and contracts in progress | 3 | €9,371 | €9,371 | = | 0.0% |
| Stocks | 30/36 | €9,371 | €9,371 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,200 | €58,212 | -€14,989 | -20.5% |
| Trade receivables | 40 | €69,887 | €54,633 | -€15,254 | -21.8% |
| Other amounts receivable | 41 | €3,313 | €3,579 | +€265 | +8.0% |
| Cash at bank and in hand | 54/58 | €109,477 | €43,022 | -€66,455 | -60.7% |
| Deferred charges and accrued income | 490/1 | - | €1,688 | +€1,688 | |
| Total equity and liabilities | 10/49 | €193,609 | €196,955 | +€3,346 | +1.7% |
| Equity | 10/15 | €165,130 | €174,804 | +€9,674 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €156,204 | +€154,344 | +8298.1% |
| Distributable reserves | 133 | €1,860 | €156,204 | +€154,344 | +8298.1% |
| Profit (loss) carried forward | 14 | €144,670 | - | -€144,670 | |
| Amounts payable | 17/49 | €28,480 | €22,151 | -€6,329 | -22.2% |
| Amounts payable within one year | 42/48 | €28,480 | €22,151 | -€6,329 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €3,342 | - | -€3,342 | |
| Trade debts | 44 | €20,920 | €17,235 | -€3,685 | -17.6% |
| Suppliers | 440/4 | €20,920 | €17,235 | -€3,685 | -17.6% |
| Taxes, remuneration and social security | 45 | €4,217 | €4,916 | +€699 | +16.6% |
| Taxes | 450/3 | €2,217 | €4,916 | +€2,699 | +121.7% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €10,583 | -€491 | -€11,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,794 | €1,277 | -€516 | -28.8% |
| Other operating charges | 640/8 | €2,816 | €1,923 | -€892 | -31.7% |
| Gross operating margin | 9900 | €20,149 | €14,052 | -€6,097 | -30.3% |
| Operating profit (loss) | 9901 | €4,957 | €11,342 | +€6,385 | +128.8% |
| Financial income | 75/76B | €12 | €3,748 | +€3,735 | +30467.8% |
| Recurring financial income | 75 | €12 | €3,748 | +€3,735 | +30467.8% |
| Financial charges | 65/66B | €433 | €1,145 | +€711 | +164.1% |
| Recurring financial charges | 65 | €433 | €1,145 | +€711 | +164.1% |
| Profit (loss) for the period before taxes | 9903 | €4,536 | €13,945 | +€9,409 | +207.4% |
| Income taxes | 67/77 | €1,114 | €4,271 | +€3,156 | +283.2% |
| Profit (loss) for the period | 9904 | €3,422 | €9,674 | +€6,253 | +182.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,422 | €9,674 | +€6,253 | +182.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.