Itecq: 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.
Itecq
Largest movements
- Cash -€33,598
down €33,598 (-70.4%), from €47,702 to €14,104
mainly Investment in fixed assets (net) (-€37,357) and Contributions, distributions and other (-€12,500)
- Tangible fixed assets +€31,234
up €31,234 (+399.4%), from €7,820 to €39,054
- Receivables within one year +€7,533
up €7,533 (+51.8%), from €14,543 to €22,076
of which Other amounts receivable: +€8,207
- Debts after one year +€22,311
new in 2025: €22,311
- Profit (loss) carried forward -€15,613
down €15,613 (-48.6%), from €32,097 to €16,484
- Current portion of long-term debt +€5,958
new in 2025: €5,958
- Other debts -€5,227
no longer reported in 2025 (was €5,227)
- Tax, wage and social debts -€3,222
down €3,222 (-99.6%), from €3,236 to €14
- Gross operating margin -€31,884
down €31,884 (-49.7%), from €64,153 to €32,270
- Taxes -€3,736
down €3,736 (-51.9%), from €7,193 to €3,457
- Provisions -€3,715
down €3,715 (-83.2%), from €4,464 to €749
- Financial charges +€1,158
up €1,158 (+4.8%), from €23,882 to €25,040
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 | €70,449 | €76,288 | +€5,839 | +8.3% |
| Fixed assets | 21/28 | €7,820 | €39,054 | +€31,234 | +399.4% |
| Tangible fixed assets | 22/27 | €7,820 | €39,054 | +€31,234 | +399.4% |
| Furniture and vehicles | 24 | €7,820 | €39,054 | +€31,234 | +399.4% |
| Current assets | 29/58 | €62,629 | €37,234 | -€25,394 | -40.5% |
| Amounts receivable within one year | 40/41 | €14,543 | €22,076 | +€7,533 | +51.8% |
| Trade receivables | 40 | €5,986 | €5,312 | -€674 | -11.3% |
| Other amounts receivable | 41 | €8,557 | €16,764 | +€8,207 | +95.9% |
| Cash at bank and in hand | 54/58 | €47,702 | €14,104 | -€33,598 | -70.4% |
| Deferred charges and accrued income | 490/1 | €384 | €1,055 | +€671 | +174.9% |
| Total equity and liabilities | 10/49 | €70,449 | €76,288 | +€5,839 | +8.3% |
| Equity | 10/15 | €35,097 | €19,484 | -€15,613 | -44.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,097 | €16,484 | -€15,613 | -48.6% |
| Provisions and deferred taxes | 16 | €23,280 | €24,029 | +€749 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €23,280 | €24,029 | +€749 | +3.2% |
| Other liabilities and charges | 164/5 | €23,280 | €24,029 | +€749 | +3.2% |
| Amounts payable | 17/49 | €12,072 | €32,775 | +€20,703 | +171.5% |
| Amounts payable after more than one year | 17 | - | €22,311 | +€22,311 | |
| Financial debts | 170/4 | - | €22,311 | +€22,311 | |
| Amounts payable within one year | 42/48 | €12,072 | €10,464 | -€1,608 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,958 | +€5,958 | |
| Trade debts | 44 | €3,609 | €4,492 | +€883 | +24.5% |
| Suppliers | 440/4 | €3,609 | €4,492 | +€883 | +24.5% |
| Taxes, remuneration and social security | 45 | €3,236 | €14 | -€3,222 | -99.6% |
| Taxes | 450/3 | €3,236 | €14 | -€3,222 | -99.6% |
| Other amounts payable | 47/48 | €5,227 | - | -€5,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,490 | €6,123 | +€633 | +11.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,464 | €749 | -€3,715 | -83.2% |
| Other operating charges | 640/8 | €103 | €14 | -€89 | -86.5% |
| Gross operating margin | 9900 | €64,153 | €32,270 | -€31,884 | -49.7% |
| Operating profit (loss) | 9901 | €54,096 | €25,384 | -€28,713 | -53.1% |
| Financial charges | 65/66B | €23,882 | €25,040 | +€1,158 | +4.8% |
| Recurring financial charges | 65 | €23,882 | €25,040 | +€1,158 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €30,214 | €344 | -€29,871 | -98.9% |
| Income taxes | 67/77 | €7,193 | €3,457 | -€3,736 | -51.9% |
| Profit (loss) for the period | 9904 | €23,021 | -€3,113 | -€26,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,021 | -€3,113 | -€26,134 |
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 30 September 2026 via checked.be.