ITExp: 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.
ITExp
Largest movements
- Receivables within one year +€12,788
up €12,788 (+960%), from €1,332 to €14,120
of which Trade receivables: +€12,607
- Tangible fixed assets -€5,767
down €5,767 (-2.9%), from €200,902 to €195,134
of which Land and buildings: -€10,157
- Financial fixed assets +€5,654
up €5,654 (+2,570%), from €220 to €5,874
- Cash -€4,927
down €4,927 (-14.0%), from €35,240 to €30,313
mainly Debts after one year (-€17,688) and Receivables within one year (-€12,788)
- Debts after one year -€17,688
down €17,688 (-13.6%), from €130,412 to €112,724
- Profit (loss) carried forward +€7,698
up €7,698 (+17.6%), from €43,781 to €51,479
- Tax, wage and social debts +€7,570
up €7,570 (+98.7%), from €7,669 to €15,240
of which Taxes: +€5,470
- Reserves +€7,000
up €7,000 (+44.1%), from €15,860 to €22,860
of which Distributable reserves: +€7,000
- Trade debts +€3,314
up €3,314 (+1,271%), from €261 to €3,575
- Purchases and services -€117,590
no longer reported in 2025 (was €117,590)
- Gross operating margin +€13,870
up €13,870 (+35.2%), from €39,400 to €53,270
- Taxes +€2,711
up €2,711 (+42.3%), from €6,404 to €9,115
- Financial charges -€1,033
down €1,033 (-17.5%), from €5,892 to €4,859
- Other operating charges +€721
up €721 (+133%), from €541 to €1,262
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.
Derived cash bridge
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 | €238,491 | €246,535 | +€8,044 | +3.4% |
| Fixed assets | 21/28 | €201,122 | €201,008 | -€113 | -0.1% |
| Tangible fixed assets | 22/27 | €200,902 | €195,134 | -€5,767 | -2.9% |
| Land and buildings | 22 | €196,009 | €185,852 | -€10,157 | -5.2% |
| Plant, machinery and equipment | 23 | €4,746 | €6,517 | +€1,771 | +37.3% |
| Furniture and vehicles | 24 | €147 | €2,766 | +€2,619 | +1,787% |
| Financial fixed assets | 28 | €220 | €5,874 | +€5,654 | +2,570% |
| Current assets | 29/58 | €37,369 | €45,527 | +€8,157 | +21.8% |
| Amounts receivable within one year | 40/41 | €1,332 | €14,120 | +€12,788 | +960% |
| Trade receivables | 40 | €1,332 | €13,939 | +€12,607 | +946% |
| Other amounts receivable | 41 | - | €181 | +€181 | |
| Cash at bank and in hand | 54/58 | €35,240 | €30,313 | -€4,927 | -14.0% |
| Deferred charges and accrued income | 490/1 | €797 | €1,094 | +€296 | +37.2% |
| Total equity and liabilities | 10/49 | €238,491 | €246,535 | +€8,044 | +3.4% |
| Equity | 10/15 | €73,291 | €87,989 | +€14,698 | +20.1% |
| Contributions | 10/11 | €13,650 | €13,650 | = | 0.0% |
| Contributions outside capital | 11 | - | €13,650 | +€13,650 | |
| Other | 1109/19 | - | €13,650 | +€13,650 | |
| Reserves | 13 | €15,860 | €22,860 | +€7,000 | +44.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €21,000 | +€7,000 | +50.0% |
| Profit (loss) carried forward | 14 | €43,781 | €51,479 | +€7,698 | +17.6% |
| Amounts payable | 17/49 | €165,200 | €158,546 | -€6,654 | -4.0% |
| Amounts payable after more than one year | 17 | €130,412 | €112,724 | -€17,688 | -13.6% |
| Financial debts | 170/4 | €130,412 | €112,724 | -€17,688 | -13.6% |
| Amounts payable within one year | 42/48 | €32,765 | €45,822 | +€13,057 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €17,280 | €19,007 | +€1,728 | +10.0% |
| Trade debts | 44 | €261 | €3,575 | +€3,314 | +1,271% |
| Suppliers | 440/4 | €261 | €3,575 | +€3,314 | +1,271% |
| Taxes, remuneration and social security | 45 | €7,669 | €15,240 | +€7,570 | +98.7% |
| Taxes | 450/3 | €5,069 | €10,540 | +€5,470 | +108% |
| Remuneration and social security | 454/9 | €2,600 | €4,700 | +€2,100 | +80.8% |
| Other amounts payable | 47/48 | €7,556 | €8,000 | +€444 | +5.9% |
| Accrued charges and deferred income | 492/3 | €2,023 | - | -€2,023 | |
| Goods, raw materials, services and sundry goods | 60/61 | €117,590 | - | -€117,590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,455 | €11,997 | +€542 | +4.7% |
| Other operating charges | 640/8 | €541 | €1,262 | +€721 | +133% |
| Gross operating margin | 9900 | €39,400 | €53,270 | +€13,870 | +35.2% |
| Operating profit (loss) | 9901 | €27,404 | €40,010 | +€12,607 | +46.0% |
| Financial income | 75/76B | €102 | €90 | -€12 | -11.9% |
| Recurring financial income | 75 | €102 | €90 | -€12 | -11.9% |
| Financial charges | 65/66B | €5,892 | €4,859 | -€1,033 | -17.5% |
| Recurring financial charges | 65 | €5,892 | €4,859 | -€1,033 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €21,614 | €35,242 | +€13,628 | +63.1% |
| Income taxes | 67/77 | €6,404 | €9,115 | +€2,711 | +42.3% |
| Profit (loss) for the period | 9904 | €15,209 | €26,126 | +€10,917 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,209 | €26,126 | +€10,917 | +71.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.