ITERBEKE: 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.
ITERBEKE
Largest movements
- Stocks and contracts -€110,000
down €110,000 (-82.1%), from €134,000 to €24,000
- Tangible fixed assets +€54,630
up €54,630 (+97.3%), from €56,129 to €110,759
- Receivables within one year -€47,538
down €47,538 (-26.9%), from €176,523 to €128,985
of which Trade receivables: -€27,460
- Trade debts -€97,789
down €97,789 (-86.4%), from €113,246 to €15,457
- Gross operating margin +€9,621
up €9,621 (+42.9%), from €22,435 to €32,056
- Depreciation +€6,501
up €6,501 (+24.7%), from €26,282 to €32,784
- Other operating charges +€590
up €590 (+70.9%), from €833 to €1,423
- Taxes +€459
up €459 (+160.3%), from €287 to €746
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 | €812,398 | €711,512 | -€100,887 | -12.4% |
| Fixed assets | 21/28 | €56,129 | €110,759 | +€54,630 | +97.3% |
| Tangible fixed assets | 22/27 | €56,129 | €110,759 | +€54,630 | +97.3% |
| Furniture and vehicles | 24 | €56,129 | €110,759 | +€54,630 | +97.3% |
| Current assets | 29/58 | €756,269 | €600,753 | -€155,517 | -20.6% |
| Stocks and contracts in progress | 3 | €134,000 | €24,000 | -€110,000 | -82.1% |
| Stocks | 30/36 | €134,000 | €24,000 | -€110,000 | -82.1% |
| Amounts receivable within one year | 40/41 | €176,523 | €128,985 | -€47,538 | -26.9% |
| Trade receivables | 40 | €84,545 | €57,085 | -€27,460 | -32.5% |
| Other amounts receivable | 41 | €91,978 | €71,900 | -€20,078 | -21.8% |
| Cash at bank and in hand | 54/58 | €445,747 | €447,767 | +€2,021 | +0.5% |
| Total equity and liabilities | 10/49 | €812,398 | €711,512 | -€100,887 | -12.4% |
| Equity | 10/15 | €699,152 | €696,055 | -€3,098 | -0.4% |
| Contributions | 10/11 | €323,000 | €323,000 | = | 0.0% |
| Capital | 10 | €323,000 | €323,000 | = | 0.0% |
| Issued capital | 100 | €323,000 | €323,000 | = | 0.0% |
| Reserves | 13 | €550,322 | €550,322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,797 | €24,797 | = | 0.0% |
| Legal reserve | 130 | €24,797 | €24,797 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,006 | €14,006 | = | 0.0% |
| Distributable reserves | 133 | €511,519 | €511,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,169 | -€177,267 | -€3,098 | -1.8% |
| Amounts payable | 17/49 | €113,246 | €15,457 | -€97,789 | -86.4% |
| Amounts payable within one year | 42/48 | €113,246 | €15,457 | -€97,789 | -86.4% |
| Trade debts | 44 | €113,246 | €15,457 | -€97,789 | -86.4% |
| Suppliers | 440/4 | €113,246 | €15,457 | -€97,789 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,282 | €32,784 | +€6,501 | +24.7% |
| Other operating charges | 640/8 | €833 | €1,423 | +€590 | +70.9% |
| Gross operating margin | 9900 | €22,435 | €32,056 | +€9,621 | +42.9% |
| Operating profit (loss) | 9901 | -€4,680 | -€2,151 | +€2,529 | +54.0% |
| Financial charges | 65/66B | €133 | €201 | +€68 | +51.1% |
| Recurring financial charges | 65 | €133 | €201 | +€68 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,813 | -€2,352 | +€2,461 | +51.1% |
| Income taxes | 67/77 | €287 | €746 | +€459 | +160.3% |
| Profit (loss) for the period | 9904 | -€5,100 | -€3,098 | +€2,002 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,100 | -€3,098 | +€2,002 | +39.3% |
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 3 October 2026 via checked.be.