ITERATES: 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.
ITERATES
Largest movements
- Receivables within one year -€17,161
down €17,161 (-5.5%), from €311,340 to €294,178
of which Other amounts receivable: -€33,783
- Tangible fixed assets -€9,893
down €9,893 (-30.6%), from €32,343 to €22,449
- Tax, wage and social debts -€105,306
down €105,306 (-43.3%), from €243,091 to €137,785
of which Remuneration and social security: -€97,508
- Trade debts +€81,937
up €81,937 (+28.9%), from €283,129 to €365,066
- Gross operating margin +€142,942
up €142,942 (+13.0%), from €1.1m to €1.2m
- Staff costs +€134,815
up €134,815 (+12.5%), from €1.1m to €1.2m
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 | €562,052 | €537,185 | -€24,867 | -4.4% |
| Fixed assets | 21/28 | €36,254 | €26,360 | -€9,893 | -27.3% |
| Tangible fixed assets | 22/27 | €32,343 | €22,449 | -€9,893 | -30.6% |
| Furniture and vehicles | 24 | €32,343 | €22,449 | -€9,893 | -30.6% |
| Financial fixed assets | 28 | €3,911 | €3,911 | = | 0.0% |
| Current assets | 29/58 | €525,798 | €510,825 | -€14,974 | -2.8% |
| Amounts receivable within one year | 40/41 | €311,340 | €294,178 | -€17,161 | -5.5% |
| Trade receivables | 40 | €277,557 | €294,178 | +€16,621 | +6.0% |
| Other amounts receivable | 41 | €33,783 | €0 | -€33,783 | -100.0% |
| Cash at bank and in hand | 54/58 | €206,398 | €210,946 | +€4,548 | +2.2% |
| Deferred charges and accrued income | 490/1 | €8,061 | €5,701 | -€2,360 | -29.3% |
| Total equity and liabilities | 10/49 | €562,052 | €537,185 | -€24,867 | -4.4% |
| Equity | 10/15 | €31,089 | €32,363 | +€1,274 | +4.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,089 | €27,363 | +€1,274 | +4.9% |
| Amounts payable | 17/49 | €530,964 | €504,822 | -€26,141 | -4.9% |
| Amounts payable within one year | 42/48 | €530,964 | €504,822 | -€26,141 | -4.9% |
| Financial debts | 43 | €2,814 | €952 | -€1,862 | -66.2% |
| Credit institutions | 430/8 | €2,814 | €952 | -€1,862 | -66.2% |
| Trade debts | 44 | €283,129 | €365,066 | +€81,937 | +28.9% |
| Suppliers | 440/4 | €283,129 | €365,066 | +€81,937 | +28.9% |
| Taxes, remuneration and social security | 45 | €243,091 | €137,785 | -€105,306 | -43.3% |
| Taxes | 450/3 | €61,570 | €53,772 | -€7,798 | -12.7% |
| Remuneration and social security | 454/9 | €181,522 | €84,014 | -€97,508 | -53.7% |
| Other amounts payable | 47/48 | €1,929 | €1,018 | -€911 | -47.2% |
| Remuneration, social security and pensions | 62 | €1,077,147 | €1,211,962 | +€134,815 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,995 | €15,910 | +€6,915 | +76.9% |
| Other operating charges | 640/8 | €1,823 | €941 | -€882 | -48.4% |
| Non-recurring operating charges | 66A | €1,562 | €0 | -€1,562 | -100.0% |
| Gross operating margin | 9900 | €1,100,184 | €1,243,126 | +€142,942 | +13.0% |
| Operating profit (loss) | 9901 | €10,656 | €14,313 | +€3,657 | +34.3% |
| Financial income | 75/76B | €1,526 | €755 | -€771 | -50.5% |
| Recurring financial income | 75 | €1,526 | €755 | -€771 | -50.5% |
| Financial charges | 65/66B | €98 | €381 | +€283 | +289.3% |
| Recurring financial charges | 65 | €98 | €381 | +€283 | +289.3% |
| Profit (loss) for the period before taxes | 9903 | €12,085 | €14,687 | +€2,602 | +21.5% |
| Income taxes | 67/77 | €9,492 | €13,413 | +€3,922 | +41.3% |
| Profit (loss) for the period | 9904 | €2,593 | €1,274 | -€1,319 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,593 | €1,274 | -€1,319 | -50.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.