ITER MD: 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 MD
Largest movements
- Cash +€205,223
up €205,223 (+3388.6%), from €6,056 to €211,279
mainly Receivables within one year (+€177,087) and Net result for the year (+€68,841)
- Receivables within one year -€177,087
down €177,087 (-64.7%), from €273,837 to €96,750
of which Other amounts receivable: -€232,218
- Tangible fixed assets -€24,382
down €24,382 (-4.9%), from €493,138 to €468,756
of which Furniture and vehicles: -€13,433
- Reserves +€43,800
up €43,800 (+18.5%), from €237,310 to €281,110
- Debts after one year -€33,819
down €33,819 (-8.2%), from €413,887 to €380,068
- Other debts -€15,961
down €15,961 (-37.8%), from €42,177 to €26,216
- Gross operating margin -€16,471
down €16,471 (-12.4%), from €132,991 to €116,520
- Taxes -€4,258
down €4,258 (-13.4%), from €31,776 to €27,518
- Financial income +€2,249
up €2,249 (+23.4%), from €9,626 to €11,874
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €774,737 | €777,996 | +€3,259 | +0.4% |
| Fixed assets | 21/28 | €493,138 | €468,756 | -€24,382 | -4.9% |
| Tangible fixed assets | 22/27 | €493,138 | €468,756 | -€24,382 | -4.9% |
| Land and buildings | 22 | €447,358 | €436,409 | -€10,949 | -2.4% |
| Furniture and vehicles | 24 | €45,780 | €32,347 | -€13,433 | -29.3% |
| Current assets | 29/58 | €281,599 | €309,240 | +€27,641 | +9.8% |
| Amounts receivable within one year | 40/41 | €273,837 | €96,750 | -€177,087 | -64.7% |
| Trade receivables | 40 | - | €55,132 | +€55,132 | |
| Other amounts receivable | 41 | €273,837 | €41,619 | -€232,218 | -84.8% |
| Cash at bank and in hand | 54/58 | €6,056 | €211,279 | +€205,223 | +3388.6% |
| Deferred charges and accrued income | 490/1 | €1,706 | €1,210 | -€496 | -29.0% |
| Total equity and liabilities | 10/49 | €774,737 | €777,996 | +€3,259 | +0.4% |
| Equity | 10/15 | €266,106 | €309,947 | +€43,841 | +16.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,310 | €281,110 | +€43,800 | +18.5% |
| Distributable reserves | 133 | €237,310 | €281,110 | +€43,800 | +18.5% |
| Profit (loss) carried forward | 14 | €16,396 | €16,437 | +€41 | +0.3% |
| Amounts payable | 17/49 | €508,631 | €468,049 | -€40,582 | -8.0% |
| Amounts payable after more than one year | 17 | €413,887 | €380,068 | -€33,819 | -8.2% |
| Financial debts | 170/4 | €413,887 | €380,068 | -€33,819 | -8.2% |
| Amounts payable within one year | 42/48 | €94,744 | €87,579 | -€7,165 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €38,379 | €39,641 | +€1,263 | +3.3% |
| Trade debts | 44 | €5,412 | €10,427 | +€5,015 | +92.7% |
| Suppliers | 440/4 | €5,412 | €10,427 | +€5,015 | +92.7% |
| Taxes, remuneration and social security | 45 | €8,776 | €11,294 | +€2,518 | +28.7% |
| Taxes | 450/3 | €8,776 | €11,294 | +€2,518 | +28.7% |
| Other amounts payable | 47/48 | €42,177 | €26,216 | -€15,961 | -37.8% |
| Accrued charges and deferred income | 492/3 | - | €402 | +€402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,200 | €24,382 | -€818 | -3.2% |
| Other operating charges | 640/8 | €791 | €1,184 | +€394 | +49.8% |
| Gross operating margin | 9900 | €132,991 | €116,520 | -€16,471 | -12.4% |
| Operating profit (loss) | 9901 | €107,000 | €90,954 | -€16,047 | -15.0% |
| Financial income | 75/76B | €9,626 | €11,874 | +€2,249 | +23.4% |
| Recurring financial income | 75 | €9,626 | €11,874 | +€2,249 | +23.4% |
| Financial charges | 65/66B | €7,502 | €6,469 | -€1,033 | -13.8% |
| Recurring financial charges | 65 | €7,502 | €6,469 | -€1,033 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €109,124 | €96,359 | -€12,765 | -11.7% |
| Income taxes | 67/77 | €31,776 | €27,518 | -€4,258 | -13.4% |
| Profit (loss) for the period | 9904 | €77,348 | €68,841 | -€8,507 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,348 | €68,841 | -€8,507 | -11.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.