ITEMISSA: 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.
ITEMISSA
Largest movements
- Current investments +€100,000
new in 2026: €100,000
- Cash -€63,557
down €63,557 (-33.9%), from €187,749 to €124,192
mainly Current investments (-€100,000) and Other debts (-€19,906)
- Receivables within one year -€13,574
down €13,574 (-44.0%), from €30,829 to €17,256
of which Trade receivables: -€11,026
- Tangible fixed assets -€8,699
down €8,699 (-56.0%), from €15,546 to €6,846
of which Furniture and vehicles: -€9,698
- Reserves +€31,500
up €31,500 (+17.7%), from €178,360 to €209,860
- Other debts -€19,906
down €19,906 (-93.7%), from €21,240 to €1,335
- Depreciation -€12,507
down €12,507 (-69.9%), from €17,890 to €5,383
- Taxes +€10,898
up €10,898 (+147.3%), from €7,400 to €18,298
- Gross operating margin +€7,396
up €7,396 (+15.4%), from €48,080 to €55,476
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,282 | €248,916 | +€13,634 | +5.8% |
| Fixed assets | 21/28 | €15,596 | €6,846 | -€8,749 | -56.1% |
| Tangible fixed assets | 22/27 | €15,546 | €6,846 | -€8,699 | -56.0% |
| Plant, machinery and equipment | 23 | €1,016 | €2,015 | +€998 | +98.2% |
| Furniture and vehicles | 24 | €14,529 | €4,831 | -€9,698 | -66.7% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €219,687 | €242,070 | +€22,383 | +10.2% |
| Amounts receivable within one year | 40/41 | €30,829 | €17,256 | -€13,574 | -44.0% |
| Trade receivables | 40 | €23,829 | €12,803 | -€11,026 | -46.3% |
| Other amounts receivable | 41 | €7,000 | €4,453 | -€2,548 | -36.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €187,749 | €124,192 | -€63,557 | -33.9% |
| Deferred charges and accrued income | 490/1 | €1,109 | €622 | -€486 | -43.9% |
| Total equity and liabilities | 10/49 | €235,282 | €248,916 | +€13,634 | +5.8% |
| Equity | 10/15 | €200,158 | €231,715 | +€31,557 | +15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €178,360 | €209,860 | +€31,500 | +17.7% |
| Distributable reserves | 133 | €178,360 | €209,860 | +€31,500 | +17.7% |
| Profit (loss) carried forward | 14 | €15,598 | €15,655 | +€57 | +0.4% |
| Amounts payable | 17/49 | €35,124 | €17,201 | -€17,924 | -51.0% |
| Amounts payable within one year | 42/48 | €35,124 | €17,201 | -€17,924 | -51.0% |
| Trade debts | 44 | €2,463 | €3,201 | +€738 | +30.0% |
| Suppliers | 440/4 | €2,463 | €3,201 | +€738 | +30.0% |
| Taxes, remuneration and social security | 45 | €11,421 | €12,665 | +€1,244 | +10.9% |
| Taxes | 450/3 | €8,269 | €11,045 | +€2,776 | +33.6% |
| Remuneration and social security | 454/9 | €3,152 | €1,620 | -€1,532 | -48.6% |
| Other amounts payable | 47/48 | €21,240 | €1,335 | -€19,906 | -93.7% |
| Non-recurring operating income | 76A | - | €11,273 | +€11,273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,890 | €5,383 | -€12,507 | -69.9% |
| Other operating charges | 640/8 | €328 | €181 | -€147 | -44.9% |
| Gross operating margin | 9900 | €48,080 | €55,476 | +€7,396 | +15.4% |
| Operating profit (loss) | 9901 | €29,863 | €49,912 | +€20,049 | +67.1% |
| Financial charges | 65/66B | €86 | €58 | -€28 | -32.9% |
| Recurring financial charges | 65 | €86 | €58 | -€28 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €29,777 | €49,855 | +€20,078 | +67.4% |
| Income taxes | 67/77 | €7,400 | €18,298 | +€10,898 | +147.3% |
| Profit (loss) for the period | 9904 | €22,377 | €31,557 | +€9,180 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,377 | €31,557 | +€9,180 | +41.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.