ITERSYS: 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.
ITERSYS
Largest movements
- Cash +€69,834
up €69,834 (+29.8%), from €234,700 to €304,534
mainly Other debts (+€64,695) and Depreciation (+€19,904)
- Receivables within one year -€19,551
down €19,551 (-13.8%), from €141,368 to €121,817
of which Trade receivables: -€26,964
- Intangible fixed assets -€15,534
down €15,534 (-50.0%), from €31,068 to €15,534
- Other debts +€64,695
up €64,695 (+386.7%), from €16,728 to €81,423
- Profit (loss) carried forward -€37,746
down €37,746 (-14.2%), from €266,622 to €228,876
- Tax, wage and social debts +€9,407
up €9,407 (+83.7%), from €11,237 to €20,643
of which Taxes: +€5,558
- Financial charges +€55,551
up €55,551 (+74.4%), from €74,644 to €130,195
- Gross operating margin -€17,535
down €17,535 (-9.6%), from €182,926 to €165,391
- Staff costs +€15,595
up €15,595 (+70.7%), from €22,064 to €37,659
- Taxes -€12,515
down €12,515 (-99.0%), from €12,647 to €132
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 | €424,421 | €460,356 | +€35,936 | +8.5% |
| Fixed assets | 21/28 | €42,228 | €27,584 | -€14,644 | -34.7% |
| Intangible fixed assets | 21 | €31,068 | €15,534 | -€15,534 | -50.0% |
| Tangible fixed assets | 22/27 | €10,070 | €11,351 | +€1,280 | +12.7% |
| Plant, machinery and equipment | 23 | €891 | €4,024 | +€3,134 | +351.9% |
| Furniture and vehicles | 24 | €9,180 | €7,326 | -€1,854 | -20.2% |
| Financial fixed assets | 28 | €1,089 | €699 | -€390 | -35.8% |
| Current assets | 29/58 | €382,193 | €432,772 | +€50,579 | +13.2% |
| Amounts receivable within one year | 40/41 | €141,368 | €121,817 | -€19,551 | -13.8% |
| Trade receivables | 40 | €138,515 | €111,551 | -€26,964 | -19.5% |
| Other amounts receivable | 41 | €2,853 | €10,266 | +€7,413 | +259.8% |
| Cash at bank and in hand | 54/58 | €234,700 | €304,534 | +€69,834 | +29.8% |
| Deferred charges and accrued income | 490/1 | €6,125 | €6,422 | +€297 | +4.8% |
| Total equity and liabilities | 10/49 | €424,421 | €460,356 | +€35,936 | +8.5% |
| Equity | 10/15 | €334,822 | €297,076 | -€37,746 | -11.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,622 | €228,876 | -€37,746 | -14.2% |
| Amounts payable | 17/49 | €89,599 | €163,281 | +€73,682 | +82.2% |
| Amounts payable within one year | 42/48 | €89,599 | €163,281 | +€73,682 | +82.2% |
| Current portion of amounts payable after more than one year | 42 | €645 | €723 | +€78 | +12.1% |
| Trade debts | 44 | €60,988 | €60,491 | -€498 | -0.8% |
| Suppliers | 440/4 | €60,988 | €60,491 | -€498 | -0.8% |
| Taxes, remuneration and social security | 45 | €11,237 | €20,643 | +€9,407 | +83.7% |
| Taxes | 450/3 | €10,696 | €16,254 | +€5,558 | +52.0% |
| Remuneration and social security | 454/9 | €541 | €4,389 | +€3,849 | +711.8% |
| Other amounts payable | 47/48 | €16,728 | €81,423 | +€64,695 | +386.7% |
| Remuneration, social security and pensions | 62 | €22,064 | €37,659 | +€15,595 | +70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,343 | €19,904 | +€561 | +2.9% |
| Other operating charges | 640/8 | €14,401 | €15,413 | +€1,012 | +7.0% |
| Gross operating margin | 9900 | €182,926 | €165,391 | -€17,535 | -9.6% |
| Operating profit (loss) | 9901 | €127,117 | €92,415 | -€34,702 | -27.3% |
| Financial income | 75/76B | €120 | €165 | +€46 | +38.3% |
| Recurring financial income | 75 | €120 | €165 | +€46 | +38.3% |
| Financial charges | 65/66B | €74,644 | €130,195 | +€55,551 | +74.4% |
| Recurring financial charges | 65 | €74,644 | €130,195 | +€55,551 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €52,593 | -€37,614 | -€90,207 | |
| Income taxes | 67/77 | €12,647 | €132 | -€12,515 | -99.0% |
| Profit (loss) for the period | 9904 | €39,946 | -€37,746 | -€77,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,946 | -€37,746 | -€77,692 |
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.