ITECRON: 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.
ITECRON
Largest movements
- Receivables within one year +€11,559
up €11,559 (+32.0%), from €36,082 to €47,641
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Cash +€3,891
up €3,891 (+243.3%), from €1,599 to €5,489
mainly Trade debts (+€16,519) and Net result for the year (+€13,669)
- Tangible fixed assets -€3,134
down €3,134 (-14.1%), from €22,204 to €19,071
of which Furniture and vehicles: -€3,189
- Trade debts +€16,519
up €16,519 (+439.8%), from €3,756 to €20,275
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward +€13,669
up €13,669 (+78.4%), from -€17,446 to -€3,777
- Other debts -€13,036
down €13,036 (-66.1%), from €19,718 to €6,683
- Gross operating margin -€38,987
down €38,987 (-41.4%), from €94,091 to €55,104
- Staff costs -€22,487
down €22,487 (-43.8%), from €51,307 to €28,819
- Taxes -€10,726
down €10,726 (-71.1%), from €15,088 to €4,362
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 | €69,885 | €72,201 | +€2,316 | +3.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €22,204 | €19,071 | -€3,134 | -14.1% |
| Tangible fixed assets | 22/27 | €22,204 | €19,071 | -€3,134 | -14.1% |
| Land and buildings | 22 | €2,225 | €1,669 | -€556 | -25.0% |
| Plant, machinery and equipment | 23 | €0 | €611 | +€611 | |
| Furniture and vehicles | 24 | €19,979 | €16,791 | -€3,189 | -16.0% |
| Current assets | 29/58 | €47,681 | €53,131 | +€5,450 | +11.4% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €36,082 | €47,641 | +€11,559 | +32.0% |
| Trade receivables | 40 | €36,082 | €47,641 | +€11,559 | +32.0% |
| Cash at bank and in hand | 54/58 | €1,599 | €5,489 | +€3,891 | +243.3% |
| Total equity and liabilities | 10/49 | €69,885 | €72,201 | +€2,316 | +3.3% |
| Equity | 10/15 | €1,154 | €14,823 | +€13,669 | +1184.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,446 | -€3,777 | +€13,669 | +78.4% |
| Amounts payable | 17/49 | €68,732 | €57,378 | -€11,353 | -16.5% |
| Amounts payable within one year | 42/48 | €68,732 | €57,378 | -€11,353 | -16.5% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Credit institutions | 430/8 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €3,756 | €20,275 | +€16,519 | +439.8% |
| Suppliers | 440/4 | €3,756 | €20,275 | +€16,519 | +439.8% |
| Taxes, remuneration and social security | 45 | €30,258 | €30,421 | +€163 | +0.5% |
| Taxes | 450/3 | €19,668 | €26,734 | +€7,066 | +35.9% |
| Remuneration and social security | 454/9 | €10,589 | €3,687 | -€6,903 | -65.2% |
| Other amounts payable | 47/48 | €19,718 | €6,683 | -€13,036 | -66.1% |
| Remuneration, social security and pensions | 62 | €51,307 | €28,819 | -€22,487 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,335 | €5,466 | +€131 | +2.5% |
| Other operating charges | 640/8 | €580 | €497 | -€83 | -14.3% |
| Gross operating margin | 9900 | €94,091 | €55,104 | -€38,987 | -41.4% |
| Operating profit (loss) | 9901 | €36,869 | €20,321 | -€16,547 | -44.9% |
| Financial income | 75/76B | €73 | - | -€73 | |
| Recurring financial income | 75 | €73 | - | -€73 | |
| Financial charges | 65/66B | €1,878 | €2,290 | +€412 | +21.9% |
| Recurring financial charges | 65 | €1,878 | €2,290 | +€412 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €35,063 | €18,031 | -€17,032 | -48.6% |
| Income taxes | 67/77 | €15,088 | €4,362 | -€10,726 | -71.1% |
| Profit (loss) for the period | 9904 | €19,975 | €13,669 | -€6,306 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,975 | €13,669 | -€6,306 | -31.6% |
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 8 October 2026 via checked.be.