ITER: 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.
ITER
Largest movements
- Cash -€60,151
down €60,151 (-83.7%), from €71,895 to €11,744
mainly Net result for the year (-€69,640) and Investment in fixed assets (net) (-€49,106)
- Tangible fixed assets -€57,496
down €57,496 (-9.0%), from €636,191 to €578,695
- Receivables within one year +€12,928
up €12,928 (+17.6%), from €73,463 to €86,390
of which Trade receivables: +€13,797
- Profit (loss) carried forward -€69,640
down €69,640 (-51.8%), from €134,356 to €64,716
- Debts after one year -€28,898
down €28,898 (-12.0%), from €240,205 to €211,307
of which Financial debts: -€28,898
- Tax, wage and social debts -€24,585
down €24,585 (-97.2%), from €25,286 to €701
of which Taxes: -€21,925
- Current portion of long-term debt +€11,610
up €11,610 (+14.2%), from €81,751 to €93,361
- Gross operating margin -€155,992
down €155,992 (-67.1%), from €232,384 to €76,392
- Staff costs -€51,748
down €51,748 (-79.3%), from €65,224 to €13,476
- Taxes -€11,585
down €11,585 (-96.0%), from €12,066 to €481
- Depreciation +€8,276
up €8,276 (+8.4%), from €98,990 to €107,266
- Other operating charges -€2,818
down €2,818 (-13.7%), from €20,609 to €17,791
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 | €796,012 | €690,629 | -€105,383 | -13.2% |
| Fixed assets | 21/28 | €637,838 | €579,678 | -€58,160 | -9.1% |
| Tangible fixed assets | 22/27 | €636,191 | €578,695 | -€57,496 | -9.0% |
| Land and buildings | 22 | €390,737 | €365,063 | -€25,674 | -6.6% |
| Plant, machinery and equipment | 23 | €238,577 | €209,927 | -€28,650 | -12.0% |
| Furniture and vehicles | 24 | €6,877 | €3,705 | -€3,172 | -46.1% |
| Financial fixed assets | 28 | €1,647 | €983 | -€664 | -40.3% |
| Current assets | 29/58 | €158,174 | €110,950 | -€47,224 | -29.9% |
| Amounts receivable within one year | 40/41 | €73,463 | €86,390 | +€12,928 | +17.6% |
| Trade receivables | 40 | €24,914 | €38,711 | +€13,797 | +55.4% |
| Other amounts receivable | 41 | €48,549 | €47,679 | -€870 | -1.8% |
| Cash at bank and in hand | 54/58 | €71,895 | €11,744 | -€60,151 | -83.7% |
| Deferred charges and accrued income | 490/1 | €12,816 | €12,816 | = | 0.0% |
| Total equity and liabilities | 10/49 | €796,012 | €690,629 | -€105,383 | -13.2% |
| Equity | 10/15 | €406,100 | €336,460 | -€69,640 | -17.1% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €186,744 | €186,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Legal reserve | 130 | €8,500 | €8,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,750 | €41,750 | = | 0.0% |
| Distributable reserves | 133 | €136,494 | €136,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,356 | €64,716 | -€69,640 | -51.8% |
| Amounts payable | 17/49 | €389,912 | €354,169 | -€35,743 | -9.2% |
| Amounts payable after more than one year | 17 | €240,205 | €211,307 | -€28,898 | -12.0% |
| Financial debts | 170/4 | €234,082 | €205,184 | -€28,898 | -12.3% |
| Other amounts payable | 178/9 | €6,123 | €6,123 | = | 0.0% |
| Amounts payable within one year | 42/48 | €149,707 | €142,862 | -€6,845 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €81,751 | €93,361 | +€11,610 | +14.2% |
| Trade debts | 44 | €42,670 | €47,801 | +€5,130 | +12.0% |
| Suppliers | 440/4 | €42,670 | €47,801 | +€5,130 | +12.0% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €25,286 | €701 | -€24,585 | -97.2% |
| Taxes | 450/3 | €22,625 | €701 | -€21,925 | -96.9% |
| Remuneration and social security | 454/9 | €2,661 | - | -€2,661 | |
| Remuneration, social security and pensions | 62 | €65,224 | €13,476 | -€51,748 | -79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,990 | €107,266 | +€8,276 | +8.4% |
| Other operating charges | 640/8 | €20,609 | €17,791 | -€2,818 | -13.7% |
| Gross operating margin | 9900 | €232,384 | €76,392 | -€155,992 | -67.1% |
| Operating profit (loss) | 9901 | €47,561 | -€62,141 | -€109,702 | |
| Financial income | 75/76B | €3,152 | €2,687 | -€464 | -14.7% |
| Recurring financial income | 75 | €3,152 | €2,687 | -€464 | -14.7% |
| Financial charges | 65/66B | €11,634 | €9,706 | -€1,928 | -16.6% |
| Recurring financial charges | 65 | €11,634 | €9,706 | -€1,928 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €39,078 | -€69,159 | -€108,237 | |
| Income taxes | 67/77 | €12,066 | €481 | -€11,585 | -96.0% |
| Profit (loss) for the period | 9904 | €27,012 | -€69,640 | -€96,653 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,012 | -€69,640 | -€96,653 |
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 9 October 2026 via checked.be.