ITHAGI: 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.
ITHAGI
Largest movements
- Stocks and contracts -€4,612
down €4,612 (-100.0%), from €4,612 to €0
- Cash -€936
no longer reported in 2023 (was €936)
mainly Trade debts (-€3,905) and Net result for the year (-€944)
- Receivables after one year +€526
up €526 (+52.5%), from €1,001 to €1,527
- Trade debts -€3,905
down €3,905 (-82.0%), from €4,765 to €860
- Profit (loss) carried forward -€944
down €944 (-3.6%), from -€25,935 to -€26,879
- Gross operating margin +€827
up €827, from -€790 to €37
- Purchases and services -€769
down €769 (-75.9%), from €1,013 to €244
- Depreciation -€470
down €470 (-100.0%), from €470 to €0
- Financial charges +€456
up €456 (+1200.0%), from €38 to €494
of which Non-recurring financial charges: +€393
- Other operating charges +€139
up €139 (+39.9%), from €348 to €487
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,196 | €17,342 | -€4,854 | -21.9% |
| Fixed assets | 21/28 | €413 | €413 | = | 0.0% |
| Financial fixed assets | 28 | €413 | €413 | = | 0.0% |
| Current assets | 29/58 | €21,783 | €16,929 | -€4,854 | -22.3% |
| Amounts receivable after more than one year | 29 | €1,001 | €1,527 | +€526 | +52.5% |
| Trade receivables | 290 | €1,001 | €1,527 | +€526 | +52.5% |
| Stocks and contracts in progress | 3 | €4,612 | €0 | -€4,612 | -100.0% |
| Stocks | 30/36 | €4,612 | €0 | -€4,612 | -100.0% |
| Amounts receivable within one year | 40/41 | €13,621 | €13,789 | +€168 | +1.2% |
| Trade receivables | 40 | €13,621 | €13,771 | +€150 | +1.1% |
| Other amounts receivable | 41 | - | €18 | +€18 | |
| Cash at bank and in hand | 54/58 | €936 | - | -€936 | |
| Deferred charges and accrued income | 490/1 | €1,613 | €1,613 | = | 0.0% |
| Total equity and liabilities | 10/49 | €22,196 | €17,342 | -€4,854 | -21.9% |
| Equity | 10/15 | -€7,335 | -€8,279 | -€944 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,935 | -€26,879 | -€944 | -3.6% |
| Amounts payable | 17/49 | €29,531 | €25,621 | -€3,910 | -13.2% |
| Amounts payable after more than one year | 17 | €12,400 | €12,400 | = | 0.0% |
| Financial debts | 170/4 | €12,400 | €12,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,131 | €13,221 | -€3,910 | -22.8% |
| Trade debts | 44 | €4,765 | €860 | -€3,905 | -82.0% |
| Suppliers | 440/4 | €4,765 | €860 | -€3,905 | -82.0% |
| Taxes, remuneration and social security | 45 | €12,366 | €12,361 | -€5 | 0.0% |
| Taxes | 450/3 | €5 | - | -€5 | |
| Remuneration and social security | 454/9 | €12,361 | €12,361 | = | 0.0% |
| Turnover | 70 | €223 | €281 | +€58 | +26.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,013 | €244 | -€769 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €0 | -€470 | -100.0% |
| Other operating charges | 640/8 | €348 | €487 | +€139 | +39.9% |
| Gross operating margin | 9900 | -€790 | €37 | +€827 | |
| Operating profit (loss) | 9901 | -€1,608 | -€450 | +€1,158 | +72.0% |
| Financial charges | 65/66B | €38 | €494 | +€456 | +1200.0% |
| Recurring financial charges | 65 | €38 | €101 | +€63 | +165.8% |
| Non-recurring financial charges | 66B | - | €393 | +€393 | |
| Profit (loss) for the period before taxes | 9903 | -€1,646 | -€944 | +€702 | +42.6% |
| Profit (loss) for the period | 9904 | -€1,646 | -€944 | +€702 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,646 | -€944 | +€702 | +42.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.