ITF Group: 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.
ITF Group
Largest movements
- Tangible fixed assets -€6,548
down €6,548 (-47.3%), from €13,837 to €7,289
of which Furniture and vehicles: -€5,014
- Receivables within one year +€5,198
up €5,198 (+6.9%), from €75,426 to €80,624
of which Other amounts receivable: +€9,601
- Stocks and contracts +€3,355
up €3,355 (+19.8%), from €16,910 to €20,265
- Cash +€2,387
up €2,387 (+29.7%), from €8,033 to €10,420
mainly Trade debts (+€12,895) and Depreciation (+€6,548)
- Debts after one year -€12,985
down €12,985 (-86.5%), from €15,010 to €2,025
- Trade debts +€12,895
up €12,895 (+35.7%), from €36,169 to €49,064
- Tax, wage and social debts +€4,032
up €4,032 (+33.7%), from €11,972 to €16,004
of which Remuneration and social security: +€4,701
- Gross operating margin +€31,812
up €31,812 (+51.7%), from €61,571 to €93,383
- Staff costs +€30,056
up €30,056 (+63.5%), from €47,337 to €77,393
- Taxes +€2,846
up €2,846 (+153.6%), from €1,853 to €4,699
- Depreciation +€1,688
up €1,688 (+34.7%), from €4,860 to €6,548
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 | €117,206 | €121,598 | +€4,392 | +3.7% |
| Fixed assets | 21/28 | €16,837 | €10,289 | -€6,548 | -38.9% |
| Intangible fixed assets | 21 | €3,000 | €3,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €13,837 | €7,289 | -€6,548 | -47.3% |
| Plant, machinery and equipment | 23 | €1,982 | €447 | -€1,534 | -77.4% |
| Furniture and vehicles | 24 | €11,855 | €6,842 | -€5,014 | -42.3% |
| Current assets | 29/58 | €100,369 | €111,309 | +€10,939 | +10.9% |
| Stocks and contracts in progress | 3 | €16,910 | €20,265 | +€3,355 | +19.8% |
| Stocks | 30/36 | €16,910 | €20,265 | +€3,355 | +19.8% |
| Amounts receivable within one year | 40/41 | €75,426 | €80,624 | +€5,198 | +6.9% |
| Trade receivables | 40 | €71,967 | €67,564 | -€4,403 | -6.1% |
| Other amounts receivable | 41 | €3,459 | €13,060 | +€9,601 | +277.6% |
| Cash at bank and in hand | 54/58 | €8,033 | €10,420 | +€2,387 | +29.7% |
| Total equity and liabilities | 10/49 | €117,206 | €121,598 | +€4,392 | +3.7% |
| Equity | 10/15 | €40,943 | €41,529 | +€586 | +1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,492 | €21,078 | +€586 | +2.9% |
| Amounts payable | 17/49 | €76,263 | €80,069 | +€3,806 | +5.0% |
| Amounts payable after more than one year | 17 | €15,010 | €2,025 | -€12,985 | -86.5% |
| Financial debts | 170/4 | €15,010 | €2,025 | -€12,985 | -86.5% |
| Amounts payable within one year | 42/48 | €61,253 | €78,044 | +€16,791 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €13,111 | €12,975 | -€136 | -1.0% |
| Trade debts | 44 | €36,169 | €49,064 | +€12,895 | +35.7% |
| Suppliers | 440/4 | €36,169 | €49,064 | +€12,895 | +35.7% |
| Taxes, remuneration and social security | 45 | €11,972 | €16,004 | +€4,032 | +33.7% |
| Taxes | 450/3 | €8,859 | €8,191 | -€669 | -7.5% |
| Remuneration and social security | 454/9 | €3,113 | €7,814 | +€4,701 | +151.0% |
| Remuneration, social security and pensions | 62 | €47,337 | €77,393 | +€30,056 | +63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,860 | €6,548 | +€1,688 | +34.7% |
| Other operating charges | 640/8 | €1,210 | €1,665 | +€455 | +37.6% |
| Gross operating margin | 9900 | €61,571 | €93,383 | +€31,812 | +51.7% |
| Operating profit (loss) | 9901 | €8,164 | €7,777 | -€387 | -4.7% |
| Financial income | 75/76B | €315 | €143 | -€173 | -54.8% |
| Recurring financial income | 75 | €315 | €143 | -€173 | -54.8% |
| Financial charges | 65/66B | €1,849 | €2,635 | +€786 | +42.5% |
| Recurring financial charges | 65 | €1,849 | €2,510 | +€661 | +35.7% |
| Non-recurring financial charges | 66B | - | €125 | +€125 | |
| Profit (loss) for the period before taxes | 9903 | €6,630 | €5,285 | -€1,346 | -20.3% |
| Income taxes | 67/77 | €1,853 | €4,699 | +€2,846 | +153.6% |
| Profit (loss) for the period | 9904 | €4,777 | €586 | -€4,192 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,777 | €586 | -€4,192 | -87.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.