Ithaka: 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.
Ithaka
Largest movements
- Cash -€813,803
down €813,803 (-93.8%), from €867,408 to €53,605
mainly Current investments (-€809,428) and Net result for the year (-€23,168)
- Current investments +€809,428
new in 2024: €809,428
- Tangible fixed assets -€25,411
down €25,411 (-6.8%), from €371,842 to €346,431
of which Land and buildings: -€24,611
- Profit (loss) carried forward -€23,168
down €23,168 (-1.9%), from €1.2m to €1.2m
- Gross operating margin -€277,903
down €277,903, from €271,127 to -€6,776
- Purchases and services +€10,959
up €10,959 (+36.7%), from €29,860 to €40,819
- Financial income +€9,627
new in 2024: €9,627
- Depreciation -€7,394
down €7,394 (-22.5%), from €32,805 to €25,411
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 | €1,247,143 | €1,215,477 | -€31,666 | -2.5% |
| Fixed assets | 21/28 | €371,842 | €346,431 | -€25,411 | -6.8% |
| Tangible fixed assets | 22/27 | €371,842 | €346,431 | -€25,411 | -6.8% |
| Land and buildings | 22 | €367,550 | €342,939 | -€24,611 | -6.7% |
| Plant, machinery and equipment | 23 | €1,540 | €1,038 | -€502 | -32.6% |
| Furniture and vehicles | 24 | €1,705 | €1,407 | -€298 | -17.5% |
| Assets under construction and advance payments | 27 | €1,047 | €1,047 | = | 0.0% |
| Current assets | 29/58 | €875,301 | €869,046 | -€6,255 | -0.7% |
| Amounts receivable within one year | 40/41 | €7,893 | €5,817 | -€2,076 | -26.3% |
| Other amounts receivable | 41 | €7,893 | €5,817 | -€2,076 | -26.3% |
| Current investments | 50/53 | - | €809,428 | +€809,428 | |
| Cash at bank and in hand | 54/58 | €867,408 | €53,605 | -€813,803 | -93.8% |
| Deferred charges and accrued income | 490/1 | - | €196 | +€196 | |
| Total equity and liabilities | 10/49 | €1,247,143 | €1,215,477 | -€31,666 | -2.5% |
| Equity | 10/15 | €1,219,766 | €1,196,598 | -€23,168 | -1.9% |
| Profit (loss) carried forward | 14 | €1,219,766 | €1,196,598 | -€23,168 | -1.9% |
| Provisions and deferred taxes | 16 | €9,000 | €9,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,000 | €9,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable | 17/49 | €18,377 | €9,879 | -€8,498 | -46.2% |
| Amounts payable after more than one year | 17 | €5,117 | - | -€5,117 | |
| Financial debts | 170/4 | €5,117 | - | -€5,117 | |
| Amounts payable within one year | 42/48 | €13,260 | €9,879 | -€3,381 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €8,497 | €5,117 | -€3,380 | -39.8% |
| Turnover | 70 | €36,481 | €34,043 | -€2,438 | -6.7% |
| Non-recurring operating income | 76A | €264,506 | - | -€264,506 | |
| Goods, raw materials, services and sundry goods | 60/61 | €29,860 | €40,819 | +€10,959 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,805 | €25,411 | -€7,394 | -22.5% |
| Other operating charges | 640/8 | €12 | - | -€12 | |
| Non-recurring operating charges | 66A | €3,916 | €125 | -€3,791 | -96.8% |
| Gross operating margin | 9900 | €271,127 | -€6,776 | -€277,903 | |
| Operating profit (loss) | 9901 | €225,394 | -€32,312 | -€257,706 | |
| Financial income | 75/76B | - | €9,627 | +€9,627 | |
| Recurring financial income | 75 | - | €9,627 | +€9,627 | |
| Financial charges | 65/66B | €812 | €483 | -€329 | -40.5% |
| Recurring financial charges | 65 | €812 | €483 | -€329 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €224,582 | -€23,168 | -€247,750 | |
| Income taxes | 67/77 | €2,489 | - | -€2,489 | |
| Profit (loss) for the period | 9904 | €222,093 | -€23,168 | -€245,261 | |
| Profit (loss) for the period to be appropriated | 9905 | €222,093 | -€23,168 | -€245,261 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.