ITFICATION: 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.
ITFICATION
Largest movements
- Receivables after one year -€203,500
no longer reported in 2024 (was €203,500)
- Receivables within one year -€72,065
down €72,065 (-82.4%), from €87,424 to €15,359
of which Other amounts receivable: -€73,517
- Tangible fixed assets -€19,364
down €19,364 (-27.1%), from €71,367 to €52,003
of which Furniture and vehicles: -€18,488
- Cash +€13,518
up €13,518 (+94.6%), from €14,288 to €27,806
mainly Receivables after one year (+€203,500) and Receivables within one year (+€72,065)
- Deferred charges and accrued income -€7,865
down €7,865 (-79.7%), from €9,864 to €1,999
- Reserves -€285,748
down €285,748 (-91.1%), from €313,793 to €28,045
- Other debts +€49,055
new in 2024: €49,055
- Tax, wage and social debts -€34,591
down €34,591 (-69.0%), from €50,117 to €15,526
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Gross operating margin -€33,882
down €33,882 (-40.1%), from €84,568 to €50,686
- Taxes -€11,306
down €11,306 (-51.4%), from €22,004 to €10,698
- Depreciation +€4,223
up €4,223 (+25.6%), from €16,526 to €20,749
- Financial income +€1,549
up €1,549 (+19.3%), from €8,038 to €9,586
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.
Cash bridge derived
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 | €386,443 | €97,167 | -€289,276 | -74.9% |
| Fixed assets | 21/28 | €71,367 | €52,003 | -€19,364 | -27.1% |
| Tangible fixed assets | 22/27 | €71,367 | €52,003 | -€19,364 | -27.1% |
| Furniture and vehicles | 24 | €65,255 | €46,767 | -€18,488 | -28.3% |
| Other tangible fixed assets | 26 | €6,112 | €5,236 | -€877 | -14.3% |
| Current assets | 29/58 | €315,076 | €45,164 | -€269,912 | -85.7% |
| Amounts receivable after more than one year | 29 | €203,500 | - | -€203,500 | |
| Other amounts receivable | 291 | €203,500 | - | -€203,500 | |
| Amounts receivable within one year | 40/41 | €87,424 | €15,359 | -€72,065 | -82.4% |
| Trade receivables | 40 | €13,907 | €15,359 | +€1,452 | +10.4% |
| Other amounts receivable | 41 | €73,517 | - | -€73,517 | |
| Cash at bank and in hand | 54/58 | €14,288 | €27,806 | +€13,518 | +94.6% |
| Deferred charges and accrued income | 490/1 | €9,864 | €1,999 | -€7,865 | -79.7% |
| Total equity and liabilities | 10/49 | €386,443 | €97,167 | -€289,276 | -74.9% |
| Equity | 10/15 | €332,393 | €29,045 | -€303,348 | -91.3% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €313,793 | €28,045 | -€285,748 | -91.1% |
| Distributable reserves | 133 | €313,793 | €28,045 | -€285,748 | -91.1% |
| Amounts payable | 17/49 | €54,050 | €68,123 | +€14,072 | +26.0% |
| Amounts payable within one year | 42/48 | €54,050 | €68,123 | +€14,072 | +26.0% |
| Trade debts | 44 | €3,933 | €3,542 | -€391 | -9.9% |
| Suppliers | 440/4 | €3,933 | €3,542 | -€391 | -9.9% |
| Taxes, remuneration and social security | 45 | €50,117 | €15,526 | -€34,591 | -69.0% |
| Taxes | 450/3 | €50,117 | €15,526 | -€34,591 | -69.0% |
| Other amounts payable | 47/48 | - | €49,055 | +€49,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,526 | €20,749 | +€4,223 | +25.6% |
| Other operating charges | 640/8 | €782 | €259 | -€523 | -66.9% |
| Gross operating margin | 9900 | €84,568 | €50,686 | -€33,882 | -40.1% |
| Operating profit (loss) | 9901 | €67,261 | €29,679 | -€37,582 | -55.9% |
| Financial income | 75/76B | €8,038 | €9,586 | +€1,549 | +19.3% |
| Recurring financial income | 75 | €8,038 | €9,586 | +€1,549 | +19.3% |
| Financial charges | 65/66B | €267 | €522 | +€255 | +95.7% |
| Recurring financial charges | 65 | €267 | €522 | +€255 | +95.7% |
| Profit (loss) for the period before taxes | 9903 | €75,032 | €38,743 | -€36,289 | -48.4% |
| Income taxes | 67/77 | €22,004 | €10,698 | -€11,306 | -51.4% |
| Profit (loss) for the period | 9904 | €53,028 | €28,045 | -€24,983 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,028 | €28,045 | -€24,983 | -47.1% |
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 11 October 2026 via checked.be.