ITEG: 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.
ITEG
Largest movements
- Receivables within one year -€14,217
down €14,217 (-71.0%), from €20,015 to €5,797
of which Trade receivables: -€17,992
- Cash +€9,102
up €9,102 (+25.8%), from €35,252 to €44,354
mainly Receivables within one year (+€14,217) and Net result for the year (+€9,745)
- Tangible fixed assets -€1,232
no longer reported in 2025 (was €1,232)
- Reserves -€17,647
down €17,647 (-45.7%), from €38,609 to €20,962
- Profit (loss) carried forward +€9,745
up €9,745 (+51.5%), from -€18,920 to -€9,175
- Other debts +€2,434
up €2,434 (+9.5%), from €25,645 to €28,079
- Trade debts -€1,962
down €1,962 (-20.7%), from €9,500 to €7,538
- Tax, wage and social debts +€1,145
up €1,145 (+76.3%), from €1,502 to €2,647
- Gross operating margin +€28,936
up €28,936, from -€17,344 to €11,592
- Depreciation +€418
up €418 (+51.3%), from €814 to €1,232
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 | €56,499 | €50,151 | -€6,348 | -11.2% |
| Fixed assets | 21/28 | €1,232 | - | -€1,232 | |
| Tangible fixed assets | 22/27 | €1,232 | - | -€1,232 | |
| Furniture and vehicles | 24 | €1,232 | - | -€1,232 | |
| Current assets | 29/58 | €55,267 | €50,151 | -€5,116 | -9.3% |
| Amounts receivable within one year | 40/41 | €20,015 | €5,797 | -€14,217 | -71.0% |
| Trade receivables | 40 | €17,992 | - | -€17,992 | |
| Other amounts receivable | 41 | €2,023 | €5,797 | +€3,774 | +186.6% |
| Cash at bank and in hand | 54/58 | €35,252 | €44,354 | +€9,102 | +25.8% |
| Total equity and liabilities | 10/49 | €56,499 | €50,151 | -€6,348 | -11.2% |
| Equity | 10/15 | €19,789 | €11,887 | -€7,902 | -39.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €38,609 | €20,962 | -€17,647 | -45.7% |
| Distributable reserves | 133 | €38,609 | €20,962 | -€17,647 | -45.7% |
| Profit (loss) carried forward | 14 | -€18,920 | -€9,175 | +€9,745 | +51.5% |
| Amounts payable | 17/49 | €36,710 | €38,264 | +€1,554 | +4.2% |
| Amounts payable within one year | 42/48 | €36,710 | €38,264 | +€1,554 | +4.2% |
| Financial debts | 43 | €63 | - | -€63 | |
| Credit institutions | 430/8 | €63 | - | -€63 | |
| Trade debts | 44 | €9,500 | €7,538 | -€1,962 | -20.7% |
| Suppliers | 440/4 | €9,500 | €7,538 | -€1,962 | -20.7% |
| Taxes, remuneration and social security | 45 | €1,502 | €2,647 | +€1,145 | +76.3% |
| Taxes | 450/3 | €1,502 | €2,647 | +€1,145 | +76.3% |
| Other amounts payable | 47/48 | €25,645 | €28,079 | +€2,434 | +9.5% |
| Non-recurring operating income | 76A | - | €3,096 | +€3,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €814 | €1,232 | +€418 | +51.3% |
| Other operating charges | 640/8 | €505 | €353 | -€152 | -30.1% |
| Gross operating margin | 9900 | -€17,344 | €11,592 | +€28,936 | |
| Operating profit (loss) | 9901 | -€18,664 | €10,006 | +€28,670 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €256 | €261 | +€5 | +2.0% |
| Recurring financial charges | 65 | €256 | €261 | +€5 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,920 | €9,745 | +€28,665 | |
| Profit (loss) for the period | 9904 | -€18,920 | €9,745 | +€28,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,920 | €9,745 | +€28,665 |
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 7 October 2026 via checked.be.