ITERAI: 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.
ITERAI
Largest movements
- Cash -€39,545
down €39,545 (-69.7%), from €56,766 to €17,221
mainly Receivables within one year (-€27,147) and Other debts (-€24,251)
- Receivables within one year +€27,147
new in 2025: €27,147
- Tangible fixed assets -€5,967
down €5,967 (-4.0%), from €149,865 to €143,898
of which Furniture and vehicles: -€3,509
- Other debts -€24,251
no longer reported in 2025 (was €24,251)
- Profit (loss) carried forward +€8,279
up €8,279 (+7632.1%), from €108 to €8,388
- Current portion of long-term debt -€4,639
no longer reported in 2025 (was €4,639)
- Short-term financial debts +€2,971
new in 2025: €2,971
- Gross operating margin -€51,728
down €51,728 (-66.9%), from €77,306 to €25,579
- Financial charges -€2,018
down €2,018 (-81.2%), from €2,484 to €466
- Taxes +€990
up €990 (+15.7%), from €6,323 to €7,313
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 | €207,473 | €188,764 | -€18,709 | -9.0% |
| Fixed assets | 21/28 | €149,865 | €143,898 | -€5,967 | -4.0% |
| Tangible fixed assets | 22/27 | €149,865 | €143,898 | -€5,967 | -4.0% |
| Land and buildings | 22 | €81,877 | €78,425 | -€3,452 | -4.2% |
| Plant, machinery and equipment | 23 | €1,382 | €2,376 | +€994 | +72.0% |
| Furniture and vehicles | 24 | €21,258 | €17,749 | -€3,509 | -16.5% |
| Other tangible fixed assets | 26 | €45,348 | €45,348 | = | 0.0% |
| Current assets | 29/58 | €57,609 | €44,866 | -€12,743 | -22.1% |
| Amounts receivable within one year | 40/41 | - | €27,147 | +€27,147 | |
| Other amounts receivable | 41 | - | €27,147 | +€27,147 | |
| Cash at bank and in hand | 54/58 | €56,766 | €17,221 | -€39,545 | -69.7% |
| Deferred charges and accrued income | 490/1 | €843 | €498 | -€345 | -40.9% |
| Total equity and liabilities | 10/49 | €207,473 | €188,764 | -€18,709 | -9.0% |
| Equity | 10/15 | €162,163 | €170,443 | +€8,279 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €149,655 | €149,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €147,800 | €147,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108 | €8,388 | +€8,279 | +7632.1% |
| Amounts payable | 17/49 | €45,310 | €18,321 | -€26,989 | -59.6% |
| Amounts payable within one year | 42/48 | €45,310 | €18,321 | -€26,989 | -59.6% |
| Current portion of amounts payable after more than one year | 42 | €4,639 | - | -€4,639 | |
| Financial debts | 43 | - | €2,971 | +€2,971 | |
| Credit institutions | 430/8 | - | €2,971 | +€2,971 | |
| Trade debts | 44 | €2,539 | €1,714 | -€825 | -32.5% |
| Suppliers | 440/4 | €2,539 | €1,714 | -€825 | -32.5% |
| Taxes, remuneration and social security | 45 | €13,881 | €13,636 | -€245 | -1.8% |
| Taxes | 450/3 | €13,881 | €13,636 | -€245 | -1.8% |
| Other amounts payable | 47/48 | €24,251 | - | -€24,251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,224 | €8,534 | -€690 | -7.5% |
| Other operating charges | 640/8 | €899 | €986 | +€88 | +9.7% |
| Gross operating margin | 9900 | €77,306 | €25,579 | -€51,728 | -66.9% |
| Operating profit (loss) | 9901 | €67,184 | €16,058 | -€51,125 | -76.1% |
| Financial charges | 65/66B | €2,484 | €466 | -€2,018 | -81.2% |
| Recurring financial charges | 65 | €2,484 | €466 | -€2,018 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €64,700 | €15,592 | -€49,108 | -75.9% |
| Income taxes | 67/77 | €6,323 | €7,313 | +€990 | +15.7% |
| Profit (loss) for the period | 9904 | €58,377 | €8,279 | -€50,097 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,377 | €8,279 | -€50,097 | -85.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.