ITHAK: 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.
ITHAK
Largest movements
- Cash -€17,692
down €17,692 (-26.1%), from €67,758 to €50,066
mainly Net result for the year (-€17,459) and Receivables within one year (-€233)
- Profit (loss) carried forward -€17,459
down €17,459 (-13.2%), from -€132,005 to -€149,464
- Purchases and services -€17,792
no longer reported in 2025 (was €17,792)
- Financial income +€615
up €615 (+215.2%), from €286 to €900
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 | €68,503 | €51,045 | -€17,459 | -25.5% |
| Current assets | 29/58 | €68,503 | €51,045 | -€17,459 | -25.5% |
| Amounts receivable within one year | 40/41 | €745 | €979 | +€233 | +31.3% |
| Trade receivables | 40 | - | €48 | +€48 | |
| Other amounts receivable | 41 | €745 | €931 | +€185 | +24.9% |
| Cash at bank and in hand | 54/58 | €67,758 | €50,066 | -€17,692 | -26.1% |
| Total equity and liabilities | 10/49 | €68,503 | €51,045 | -€17,459 | -25.5% |
| Equity | 10/15 | €67,995 | €50,536 | -€17,459 | -25.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,005 | -€149,464 | -€17,459 | -13.2% |
| Amounts payable | 17/49 | €508 | €508 | = | 0.0% |
| Amounts payable within one year | 42/48 | €508 | €508 | = | 0.0% |
| Other amounts payable | 47/48 | €508 | €508 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,792 | - | -€17,792 | |
| Other operating charges | 640/8 | €436 | €450 | +€14 | +3.2% |
| Gross operating margin | 9900 | -€17,792 | -€17,882 | -€90 | -0.5% |
| Operating profit (loss) | 9901 | -€18,228 | -€18,331 | -€104 | -0.6% |
| Financial income | 75/76B | €286 | €900 | +€615 | +215.2% |
| Recurring financial income | 75 | €286 | €900 | +€615 | +215.2% |
| Financial charges | 65/66B | €195 | €28 | -€168 | -85.9% |
| Recurring financial charges | 65 | €195 | €28 | -€168 | -85.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,137 | -€17,459 | +€678 | +3.7% |
| Profit (loss) for the period | 9904 | -€18,137 | -€17,459 | +€678 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,137 | -€17,459 | +€678 | +3.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.