Iterbeke X: 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.
Iterbeke X
Largest movements
- Receivables within one year +€43,334
up €43,334 (+53.2%), from €81,492 to €124,826
of which Trade receivables: +€42,965
- Cash -€30,202
down €30,202 (-16.7%), from €180,599 to €150,397
mainly Contributions, distributions and other (-€50,000) and Tax, wage and social debts (-€45,716)
- Tangible fixed assets -€17,317
down €17,317 (-4.3%), from €398,808 to €381,491
- Reserves +€63,048
up €63,048 (+6.5%), from €968,996 to €1.0m
- Tax, wage and social debts -€45,716
down €45,716 (-48.3%), from €94,639 to €48,923
- Debts after one year -€27,365
down €27,365 (-44.6%), from €61,407 to €34,043
- Trade debts +€17,053
up €17,053 (+324%), from €5,260 to €22,313
- Financial income -€15,619
down €15,619 (-65.8%), from €23,741 to €8,122
of which Non-recurring financial income: -€21,108
- Gross operating margin -€13,101
down €13,101 (-6.3%), from €207,539 to €194,439
- Depreciation +€4,313
up €4,313 (+12.2%), from €35,441 to €39,754
- Financial charges -€2,266
down €2,266 (-56.3%), from €4,028 to €1,762
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.
Derived cash bridge
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 | €1,233,602 | €1,228,709 | -€4,894 | -0.4% |
| Fixed assets | 21/28 | €398,808 | €381,491 | -€17,317 | -4.3% |
| Tangible fixed assets | 22/27 | €398,808 | €381,491 | -€17,317 | -4.3% |
| Land and buildings | 22 | €291,217 | €287,810 | -€3,408 | -1.2% |
| Plant, machinery and equipment | 23 | €12,770 | €7,456 | -€5,314 | -41.6% |
| Furniture and vehicles | 24 | €94,821 | €86,225 | -€8,595 | -9.1% |
| Current assets | 29/58 | €834,794 | €847,218 | +€12,423 | +1.5% |
| Stocks and contracts in progress | 3 | €23,704 | €22,995 | -€708 | -3.0% |
| Stocks | 30/36 | €23,704 | €22,995 | -€708 | -3.0% |
| Amounts receivable within one year | 40/41 | €81,492 | €124,826 | +€43,334 | +53.2% |
| Trade receivables | 40 | €63,649 | €106,614 | +€42,965 | +67.5% |
| Other amounts receivable | 41 | €17,843 | €18,212 | +€369 | +2.1% |
| Current investments | 50/53 | €549,000 | €549,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €180,599 | €150,397 | -€30,202 | -16.7% |
| Total equity and liabilities | 10/49 | €1,233,602 | €1,228,709 | -€4,894 | -0.4% |
| Equity | 10/15 | €987,607 | €1,050,655 | +€63,048 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €968,996 | €1,032,044 | +€63,048 | +6.5% |
| Distributable reserves | 133 | €968,996 | €1,032,044 | +€63,048 | +6.5% |
| Profit (loss) carried forward | 14 | €12 | €12 | = | 0.0% |
| Amounts payable | 17/49 | €245,995 | €178,053 | -€67,942 | -27.6% |
| Amounts payable after more than one year | 17 | €61,407 | €34,043 | -€27,365 | -44.6% |
| Financial debts | 170/4 | €61,407 | €34,043 | -€27,365 | -44.6% |
| Amounts payable within one year | 42/48 | €184,588 | €144,010 | -€40,577 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €27,099 | €27,365 | +€266 | +1.0% |
| Financial debts | 43 | €4,869 | €4,869 | = | 0.0% |
| Credit institutions | 430/8 | €4,869 | €4,869 | = | 0.0% |
| Trade debts | 44 | €5,260 | €22,313 | +€17,053 | +324% |
| Suppliers | 440/4 | €5,260 | €22,313 | +€17,053 | +324% |
| Taxes, remuneration and social security | 45 | €94,639 | €48,923 | -€45,716 | -48.3% |
| Taxes | 450/3 | €94,639 | €48,923 | -€45,716 | -48.3% |
| Other amounts payable | 47/48 | €52,721 | €40,541 | -€12,180 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,441 | €39,754 | +€4,313 | +12.2% |
| Other operating charges | 640/8 | €4,961 | €5,335 | +€374 | +7.5% |
| Gross operating margin | 9900 | €207,539 | €194,439 | -€13,101 | -6.3% |
| Operating profit (loss) | 9901 | €167,137 | €149,349 | -€17,787 | -10.6% |
| Financial income | 75/76B | €23,741 | €8,122 | -€15,619 | -65.8% |
| Recurring financial income | 75 | €2,633 | €8,122 | +€5,489 | +208% |
| Non-recurring financial income | 76B | €21,108 | - | -€21,108 | |
| Financial charges | 65/66B | €4,028 | €1,762 | -€2,266 | -56.3% |
| Recurring financial charges | 65 | €4,028 | €1,762 | -€2,266 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €186,850 | €155,709 | -€31,141 | -16.7% |
| Income taxes | 67/77 | €44,533 | €42,661 | -€1,872 | -4.2% |
| Profit (loss) for the period | 9904 | €142,318 | €113,048 | -€29,269 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €142,318 | €113,048 | -€29,269 | -20.6% |
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 19 October 2026 via checked.be.