iTEK HASSELT: 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.
iTEK HASSELT
Largest movements
- Receivables within one year -€72,726
down €72,726 (-97.4%), from €74,656 to €1,930
of which Trade receivables: -€67,764
- Tangible fixed assets -€22,397
down €22,397 (-6.2%), from €361,533 to €339,137
of which Land and buildings: -€19,997
- Profit (loss) carried forward -€80,448
down €80,448 (-102%), from -€78,679 to -€159,127
- Trade debts -€73,999
down €73,999 (-53.2%), from €139,140 to €65,142
- Other debts +€41,488
up €41,488 (+39.3%), from €105,647 to €147,135
- Short-term financial debts +€15,517
new in 2025: €15,517
- Tax, wage and social debts +€5,248
up €5,248 (+15.7%), from €33,517 to €38,765
of which Remuneration and social security: +€4,895
- Gross operating margin -€37,690
down €37,690 (-29.7%), from €126,909 to €89,219
- Financial charges -€4,656
down €4,656 (-36.2%), from €12,861 to €8,206
- Staff costs -€3,974
down €3,974 (-2.8%), from €142,358 to €138,384
- Financial income -€1,570
down €1,570 (-56.7%), from €2,770 to €1,200
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.
Derived cash bridge
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 | €496,291 | €400,965 | -€95,326 | -19.2% |
| Fixed assets | 21/28 | €417,033 | €394,637 | -€22,397 | -5.4% |
| Tangible fixed assets | 22/27 | €361,533 | €339,137 | -€22,397 | -6.2% |
| Land and buildings | 22 | €321,003 | €301,006 | -€19,997 | -6.2% |
| Plant, machinery and equipment | 23 | €40,530 | €38,130 | -€2,400 | -5.9% |
| Financial fixed assets | 28 | €55,500 | €55,500 | = | 0.0% |
| Current assets | 29/58 | €79,258 | €6,328 | -€72,929 | -92.0% |
| Amounts receivable within one year | 40/41 | €74,656 | €1,930 | -€72,726 | -97.4% |
| Trade receivables | 40 | €69,628 | €1,864 | -€67,764 | -97.3% |
| Other amounts receivable | 41 | €5,028 | €66 | -€4,962 | -98.7% |
| Cash at bank and in hand | 54/58 | €402 | €4,180 | +€3,778 | +940% |
| Deferred charges and accrued income | 490/1 | €4,199 | €218 | -€3,982 | -94.8% |
| Total equity and liabilities | 10/49 | €496,291 | €400,965 | -€95,326 | -19.2% |
| Equity | 10/15 | €196,321 | €115,873 | -€80,448 | -41.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,679 | -€159,127 | -€80,448 | -102% |
| Amounts payable | 17/49 | €299,970 | €285,092 | -€14,879 | -5.0% |
| Amounts payable within one year | 42/48 | €284,260 | €268,464 | -€15,796 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | - | -€5,000 | |
| Financial debts | 43 | - | €15,517 | +€15,517 | |
| Credit institutions | 430/8 | - | €15,517 | +€15,517 | |
| Trade debts | 44 | €139,140 | €65,142 | -€73,999 | -53.2% |
| Suppliers | 440/4 | €139,140 | €65,142 | -€73,999 | -53.2% |
| Advances received on contracts in progress | 46 | €955 | €1,905 | +€950 | +99.5% |
| Taxes, remuneration and social security | 45 | €33,517 | €38,765 | +€5,248 | +15.7% |
| Taxes | 450/3 | €8,412 | €8,764 | +€352 | +4.2% |
| Remuneration and social security | 454/9 | €25,105 | €30,001 | +€4,895 | +19.5% |
| Other amounts payable | 47/48 | €105,647 | €147,135 | +€41,488 | +39.3% |
| Accrued charges and deferred income | 492/3 | €15,710 | €16,628 | +€918 | +5.8% |
| Non-recurring operating income | 76A | €11,673 | €19,595 | +€7,922 | +67.9% |
| Remuneration, social security and pensions | 62 | €142,358 | €138,384 | -€3,974 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,397 | €22,397 | = | 0.0% |
| Other operating charges | 640/8 | €1,876 | €1,880 | +€4 | +0.2% |
| Gross operating margin | 9900 | €126,909 | €89,219 | -€37,690 | -29.7% |
| Operating profit (loss) | 9901 | -€39,721 | -€73,442 | -€33,720 | -84.9% |
| Financial income | 75/76B | €2,770 | €1,200 | -€1,570 | -56.7% |
| Recurring financial income | 75 | €2,770 | €1,200 | -€1,570 | -56.7% |
| Financial charges | 65/66B | €12,861 | €8,206 | -€4,656 | -36.2% |
| Recurring financial charges | 65 | €12,861 | €8,206 | -€4,656 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€49,813 | -€80,448 | -€30,635 | -61.5% |
| Profit (loss) for the period | 9904 | -€49,813 | -€80,448 | -€30,635 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,813 | -€80,448 | -€30,635 | -61.5% |
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 29 October 2026 via checked.be.