ITEOS: 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.
ITEOS
Largest movements
- Receivables within one year +€37,921
up €37,921 (+275%), from €13,808 to €51,729
- Cash -€24,966
down €24,966 (-81.0%), from €30,827 to €5,861
mainly Receivables within one year (-€37,921) and Trade debts (-€391)
- Tangible fixed assets -€4,021
down €4,021 (-76.8%), from €5,237 to €1,216
of which Furniture and vehicles: -€2,755
- Deferred charges and accrued income -€854
no longer reported in 2025 (was €854)
- Profit (loss) carried forward +€8,343
up €8,343, from -€1,141 to €7,202
- Gross operating margin +€26,265
up €26,265, from -€17,352 to €8,914
- Depreciation -€4,624
down €4,624 (-99.8%), from €4,631 to €8
- Other operating charges +€802
up €802 (+79.9%), from €1,005 to €1,807
- Financial income +€800
up €800 (+53.1%), from €1,506 to €2,306
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 | €71,023 | €78,806 | +€7,783 | +11.0% |
| Fixed assets | 21/28 | €5,534 | €1,216 | -€4,318 | -78.0% |
| Tangible fixed assets | 22/27 | €5,237 | €1,216 | -€4,021 | -76.8% |
| Plant, machinery and equipment | 23 | €1,267 | - | -€1,267 | |
| Furniture and vehicles | 24 | €3,970 | €1,216 | -€2,755 | -69.4% |
| Financial fixed assets | 28 | €297 | - | -€297 | |
| Current assets | 29/58 | €65,489 | €77,590 | +€12,102 | +18.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,808 | €51,729 | +€37,921 | +275% |
| Other amounts receivable | 41 | €13,808 | €51,729 | +€37,921 | +275% |
| Cash at bank and in hand | 54/58 | €30,827 | €5,861 | -€24,966 | -81.0% |
| Deferred charges and accrued income | 490/1 | €854 | - | -€854 | |
| Total equity and liabilities | 10/49 | €71,023 | €78,806 | +€7,783 | +11.0% |
| Equity | 10/15 | €69,319 | €77,662 | +€8,343 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,141 | €7,202 | +€8,343 | |
| Amounts payable | 17/49 | €1,704 | €1,143 | -€560 | -32.9% |
| Amounts payable within one year | 42/48 | €1,704 | €1,143 | -€560 | -32.9% |
| Trade debts | 44 | €1,494 | €1,103 | -€391 | -26.2% |
| Suppliers | 440/4 | €1,494 | €1,103 | -€391 | -26.2% |
| Taxes, remuneration and social security | 45 | €209 | €40 | -€169 | -80.9% |
| Taxes | 450/3 | €209 | €40 | -€169 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,631 | €8 | -€4,624 | -99.8% |
| Other operating charges | 640/8 | €1,005 | €1,807 | +€802 | +79.9% |
| Non-recurring operating charges | 66A | - | €541 | +€541 | |
| Gross operating margin | 9900 | -€17,352 | €8,914 | +€26,265 | |
| Operating profit (loss) | 9901 | -€22,988 | €6,558 | +€29,546 | |
| Financial income | 75/76B | €1,506 | €2,306 | +€800 | +53.1% |
| Recurring financial income | 75 | €1,506 | €2,306 | +€800 | +53.1% |
| Financial charges | 65/66B | €516 | €480 | -€35 | -6.9% |
| Recurring financial charges | 65 | €516 | €480 | -€35 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,998 | €8,383 | +€30,381 | |
| Income taxes | 67/77 | €209 | €40 | -€169 | -80.9% |
| Profit (loss) for the period | 9904 | -€22,207 | €8,343 | +€30,551 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,207 | €8,343 | +€30,551 |
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 28 October 2026 via checked.be.