iTER Solutions: 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 Solutions
Largest movements
- Receivables within one year +€174,107
up €174,107 (+38.7%), from €450,401 to €624,508
of which Trade receivables: +€163,138
- Tangible fixed assets +€159,545
up €159,545 (+61.7%), from €258,554 to €418,098
of which Leasing and similar rights: +€205,067
- Cash -€60,904
down €60,904 (-29.5%), from €206,456 to €145,552
mainly Investment in fixed assets (net) (-€267,886) and Receivables within one year (-€174,107)
- Intangible fixed assets -€23,142
down €23,142 (-12.5%), from €185,653 to €162,510
- Trade debts +€189,311
up €189,311 (+140.8%), from €134,421 to €323,732
- Debts after one year +€119,385
up €119,385 (+59.5%), from €200,611 to €319,996
- Profit (loss) carried forward -€84,154
down €84,154 (-44.5%), from -€188,905 to -€273,058
- Current portion of long-term debt +€79,879
up €79,879 (+71.5%), from €111,672 to €191,551
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Turnover +€390,349
up €390,349 (+22.4%), from €1.7m to €2.1m
- Staff costs +€323,705
up €323,705 (+33.5%), from €966,909 to €1.3m
- Gross operating margin +€232,814
up €232,814 (+20.4%), from €1.1m to €1.4m
- Purchases and services +€186,577
up €186,577 (+29.4%), from €634,555 to €821,132
- Depreciation +€55,436
up €55,436 (+72.9%), from €76,048 to €131,484
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 | €1,114,582 | €1,366,735 | +€252,153 | +22.6% |
| Fixed assets | 21/28 | €444,906 | €581,309 | +€136,402 | +30.7% |
| Intangible fixed assets | 21 | €185,653 | €162,510 | -€23,142 | -12.5% |
| Tangible fixed assets | 22/27 | €258,554 | €418,098 | +€159,545 | +61.7% |
| Plant, machinery and equipment | 23 | €171,720 | €117,405 | -€54,315 | -31.6% |
| Furniture and vehicles | 24 | €23,825 | €32,618 | +€8,793 | +36.9% |
| Leasing and similar rights | 25 | €63,009 | €268,076 | +€205,067 | +325.5% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €669,676 | €785,427 | +€115,751 | +17.3% |
| Stocks and contracts in progress | 3 | €4,721 | €4,381 | -€340 | -7.2% |
| Stocks | 30/36 | €4,721 | €4,381 | -€340 | -7.2% |
| Amounts receivable within one year | 40/41 | €450,401 | €624,508 | +€174,107 | +38.7% |
| Trade receivables | 40 | €411,673 | €574,811 | +€163,138 | +39.6% |
| Other amounts receivable | 41 | €38,728 | €49,698 | +€10,970 | +28.3% |
| Cash at bank and in hand | 54/58 | €206,456 | €145,552 | -€60,904 | -29.5% |
| Deferred charges and accrued income | 490/1 | €8,099 | €10,986 | +€2,887 | +35.6% |
| Total equity and liabilities | 10/49 | €1,114,582 | €1,366,735 | +€252,153 | +22.6% |
| Equity | 10/15 | €288,304 | €204,150 | -€84,154 | -29.2% |
| Contributions | 10/11 | €477,000 | €477,000 | = | 0.0% |
| Capital | 10 | €477,000 | €477,000 | = | 0.0% |
| Issued capital | 100 | €477,000 | €477,000 | = | 0.0% |
| Reserves | 13 | €209 | €209 | = | 0.0% |
| Non-distributable reserves | 130/1 | €209 | €209 | = | 0.0% |
| Legal reserve | 130 | €209 | €209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,905 | -€273,058 | -€84,154 | -44.5% |
| Amounts payable | 17/49 | €826,278 | €1,162,585 | +€336,306 | +40.7% |
| Amounts payable after more than one year | 17 | €200,611 | €319,996 | +€119,385 | +59.5% |
| Financial debts | 170/4 | €200,611 | €319,996 | +€119,385 | +59.5% |
| Amounts payable within one year | 42/48 | €623,596 | €840,773 | +€217,177 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €111,672 | €191,551 | +€79,879 | +71.5% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €134,421 | €323,732 | +€189,311 | +140.8% |
| Suppliers | 440/4 | €134,421 | €323,732 | +€189,311 | +140.8% |
| Advances received on contracts in progress | 46 | - | €19,604 | +€19,604 | |
| Taxes, remuneration and social security | 45 | €177,504 | €155,887 | -€21,617 | -12.2% |
| Taxes | 450/3 | €28,766 | €21,143 | -€7,624 | -26.5% |
| Remuneration and social security | 454/9 | €148,738 | €134,744 | -€13,993 | -9.4% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Accrued charges and deferred income | 492/3 | €2,071 | €1,815 | -€256 | -12.4% |
| Turnover | 70 | €1,745,348 | €2,135,698 | +€390,349 | +22.4% |
| Non-recurring operating income | 76A | €817 | €1,233 | +€416 | +50.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €634,555 | €821,132 | +€186,577 | +29.4% |
| Remuneration, social security and pensions | 62 | €966,909 | €1,290,614 | +€323,705 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,048 | €131,484 | +€55,436 | +72.9% |
| Other operating charges | 640/8 | €9,280 | €13,672 | +€4,393 | +47.3% |
| Gross operating margin | 9900 | €1,140,013 | €1,372,827 | +€232,814 | +20.4% |
| Operating profit (loss) | 9901 | €87,777 | -€62,943 | -€150,720 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €12,790 | €21,072 | +€8,282 | +64.8% |
| Recurring financial charges | 65 | €12,790 | €21,072 | +€8,282 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €74,987 | -€84,015 | -€159,002 | |
| Income taxes | 67/77 | €2,417 | €138 | -€2,279 | -94.3% |
| Profit (loss) for the period | 9904 | €72,570 | -€84,154 | -€156,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,570 | -€84,154 | -€156,723 |
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.