ITG INVEST: 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.
ITG INVEST
Largest movements
- Cash +€165,377
up €165,377 (+5,933%), from €2,787 to €168,164
mainly Receivables within one year (+€89,288) and Net result for the year (+€75,745)
- Receivables within one year -€89,288
down €89,288 (-67.3%), from €132,743 to €43,455
- Profit (loss) carried forward +€75,745
up €75,745 (+9.3%), from -€813,863 to -€738,119
- Gross operating margin +€92,386
up €92,386, from -€19,016 to €73,371
- Financial income -€58,032
down €58,032 (-94.4%), from €61,486 to €3,455
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 | €635,531 | €711,620 | +€76,089 | +12.0% |
| Fixed assets | 21/28 | €500,001 | €500,001 | = | 0.0% |
| Financial fixed assets | 28 | €500,001 | €500,001 | = | 0.0% |
| Current assets | 29/58 | €135,530 | €211,619 | +€76,089 | +56.1% |
| Amounts receivable within one year | 40/41 | €132,743 | €43,455 | -€89,288 | -67.3% |
| Other amounts receivable | 41 | €132,743 | €43,455 | -€89,288 | -67.3% |
| Cash at bank and in hand | 54/58 | €2,787 | €168,164 | +€165,377 | +5,933% |
| Total equity and liabilities | 10/49 | €635,531 | €711,620 | +€76,089 | +12.0% |
| Equity | 10/15 | €635,475 | €711,220 | +€75,745 | +11.9% |
| Contributions | 10/11 | €1,445,000 | €1,445,000 | = | 0.0% |
| Capital | 10 | €1,445,000 | - | -€1.4m | |
| Issued capital | 100 | €1,445,000 | - | -€1.4m | |
| Contributions outside capital | 11 | - | €1,445,000 | +€1.4m | |
| Other | 1109/19 | - | €1,445,000 | +€1.4m | |
| Reserves | 13 | €4,339 | €4,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,339 | €4,339 | = | 0.0% |
| Legal reserve | 130 | €4,339 | - | -€4,339 | |
| Reserves not available under the articles | 1311 | - | €4,339 | +€4,339 | |
| Profit (loss) carried forward | 14 | -€813,863 | -€738,119 | +€75,745 | +9.3% |
| Amounts payable | 17/49 | €55 | €400 | +€344 | +621% |
| Amounts payable within one year | 42/48 | €55 | €400 | +€344 | +621% |
| Trade debts | 44 | €55 | €400 | +€344 | +621% |
| Suppliers | 440/4 | €55 | €400 | +€344 | +621% |
| Other operating charges | 640/8 | €387 | €741 | +€354 | +91.4% |
| Gross operating margin | 9900 | -€19,016 | €73,371 | +€92,386 | |
| Operating profit (loss) | 9901 | -€19,403 | €72,630 | +€92,033 | |
| Financial income | 75/76B | €61,486 | €3,455 | -€58,032 | -94.4% |
| Recurring financial income | 75 | €61,486 | €3,455 | -€58,032 | -94.4% |
| Financial charges | 65/66B | €962 | €340 | -€622 | -64.7% |
| Recurring financial charges | 65 | €962 | €340 | -€622 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €41,122 | €75,745 | +€34,623 | +84.2% |
| Profit (loss) for the period | 9904 | €41,122 | €75,745 | +€34,623 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,122 | €75,745 | +€34,623 | +84.2% |
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 29 October 2026 via checked.be.