ITeMa Management Services: 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.
ITeMa Management Services
Largest movements
- Receivables after one year +€61,000
up €61,000 (+156%), from €39,000 to €100,000
- Receivables within one year +€13,056
up €13,056 (+461%), from €2,831 to €15,887
- Cash -€6,659
down €6,659 (-9.7%), from €68,983 to €62,325
mainly Receivables after one year (-€61,000) and Receivables within one year (-€13,056)
- Tangible fixed assets +€3,189
up €3,189 (+344%), from €926 to €4,115
- Profit (loss) carried forward +€69,373
up €69,373 (+22.4%), from -€309,608 to -€240,235
- Other debts -€2,680
down €2,680 (-76.0%), from €3,528 to €848
- Trade debts +€2,042
up €2,042 (+49.5%), from €4,129 to €6,170
- Tax, wage and social debts +€1,863
up €1,863 (+26.4%), from €7,059 to €8,921
- Gross operating margin +€53,056
up €53,056 (+329%), from €16,108 to €69,164
- Financial income +€1,616
up €1,616 (+88.7%), from €1,821 to €3,438
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 | €113,305 | €183,902 | +€70,597 | +62.3% |
| Fixed assets | 21/28 | €926 | €4,115 | +€3,189 | +344% |
| Tangible fixed assets | 22/27 | €926 | €4,115 | +€3,189 | +344% |
| Furniture and vehicles | 24 | €926 | €4,115 | +€3,189 | +344% |
| Current assets | 29/58 | €112,379 | €179,786 | +€67,408 | +60.0% |
| Amounts receivable after more than one year | 29 | €39,000 | €100,000 | +€61,000 | +156% |
| Other amounts receivable | 291 | €39,000 | €100,000 | +€61,000 | +156% |
| Amounts receivable within one year | 40/41 | €2,831 | €15,887 | +€13,056 | +461% |
| Trade receivables | 40 | €2,831 | €15,887 | +€13,056 | +461% |
| Cash at bank and in hand | 54/58 | €68,983 | €62,325 | -€6,659 | -9.7% |
| Deferred charges and accrued income | 490/1 | €1,565 | €1,575 | +€10 | +0.6% |
| Total equity and liabilities | 10/49 | €113,305 | €183,902 | +€70,597 | +62.3% |
| Equity | 10/15 | €98,589 | €167,962 | +€69,373 | +70.4% |
| Contributions | 10/11 | €282,400 | €282,400 | = | 0.0% |
| Reserves | 13 | €125,797 | €125,797 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €107,047 | €107,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€309,608 | -€240,235 | +€69,373 | +22.4% |
| Amounts payable | 17/49 | €14,715 | €15,939 | +€1,224 | +8.3% |
| Amounts payable within one year | 42/48 | €14,715 | €15,939 | +€1,224 | +8.3% |
| Trade debts | 44 | €4,129 | €6,170 | +€2,042 | +49.5% |
| Suppliers | 440/4 | €4,129 | €6,170 | +€2,042 | +49.5% |
| Taxes, remuneration and social security | 45 | €7,059 | €8,921 | +€1,863 | +26.4% |
| Taxes | 450/3 | €7,059 | €8,921 | +€1,863 | +26.4% |
| Other amounts payable | 47/48 | €3,528 | €848 | -€2,680 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,620 | €1,157 | -€462 | -28.5% |
| Other operating charges | 640/8 | €1,985 | €1,594 | -€390 | -19.7% |
| Gross operating margin | 9900 | €16,108 | €69,164 | +€53,056 | +329% |
| Operating profit (loss) | 9901 | €12,504 | €66,412 | +€53,908 | +431% |
| Financial income | 75/76B | €1,821 | €3,438 | +€1,616 | +88.7% |
| Recurring financial income | 75 | €1,821 | €3,438 | +€1,616 | +88.7% |
| Financial charges | 65/66B | €131 | €186 | +€55 | +41.8% |
| Recurring financial charges | 65 | €131 | €186 | +€55 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €14,195 | €69,664 | +€55,470 | +391% |
| Income taxes | 67/77 | €357 | €291 | -€66 | -18.4% |
| Profit (loss) for the period | 9904 | €13,837 | €69,373 | +€55,535 | +401% |
| Profit (loss) for the period to be appropriated | 9905 | €13,837 | €69,373 | +€55,535 | +401% |
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 27 October 2026 via checked.be.