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 +€244,511
up €244,511 (+721.1%), from €33,910 to €278,421
mainly Net result for the year (+€224,364) and Tax, wage and social debts (+€71,141)
- Tangible fixed assets +€50,880
up €50,880 (+942.2%), from €5,400 to €56,280
- Reserves +€224,364
up €224,364 (+116.6%), from €192,460 to €416,825
- Tax, wage and social debts +€71,141
up €71,141 (+165.7%), from €42,939 to €114,080
of which Taxes: +€68,437
- Gross operating margin +€119,118
up €119,118 (+61.3%), from €194,344 to €313,461
- Taxes +€25,686
up €25,686 (+59.7%), from €43,041 to €68,727
- Staff costs +€16,890
up €16,890 (+400.7%), from €4,215 to €21,105
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 | €239,422 | €535,190 | +€295,768 | +123.5% |
| Fixed assets | 21/28 | €5,400 | €56,280 | +€50,880 | +942.2% |
| Tangible fixed assets | 22/27 | €5,400 | €56,280 | +€50,880 | +942.2% |
| Other tangible fixed assets | 26 | €5,400 | €56,280 | +€50,880 | +942.2% |
| Current assets | 29/58 | €234,022 | €478,910 | +€244,888 | +104.6% |
| Amounts receivable within one year | 40/41 | €41 | €0 | -€41 | -100.0% |
| Other amounts receivable | 41 | €41 | €0 | -€41 | -100.0% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,910 | €278,421 | +€244,511 | +721.1% |
| Deferred charges and accrued income | 490/1 | €71 | €489 | +€417 | +587.5% |
| Total equity and liabilities | 10/49 | €239,422 | €535,190 | +€295,768 | +123.5% |
| Equity | 10/15 | €195,460 | €419,825 | +€224,364 | +114.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €192,460 | €416,825 | +€224,364 | +116.6% |
| Distributable reserves | 133 | €192,460 | €416,825 | +€224,364 | +116.6% |
| Amounts payable | 17/49 | €43,962 | €115,365 | +€71,403 | +162.4% |
| Amounts payable within one year | 42/48 | €43,959 | €115,365 | +€71,406 | +162.4% |
| Trade debts | 44 | €775 | €970 | +€195 | +25.1% |
| Suppliers | 440/4 | €775 | €970 | +€195 | +25.1% |
| Taxes, remuneration and social security | 45 | €42,939 | €114,080 | +€71,141 | +165.7% |
| Taxes | 450/3 | €42,939 | €111,376 | +€68,437 | +159.4% |
| Remuneration and social security | 454/9 | - | €2,704 | +€2,704 | |
| Other amounts payable | 47/48 | €245 | €315 | +€70 | +28.6% |
| Accrued charges and deferred income | 492/3 | €3 | €0 | -€3 | -100.0% |
| Remuneration, social security and pensions | 62 | €4,215 | €21,105 | +€16,890 | +400.7% |
| Other operating charges | 640/8 | €182 | €186 | +€4 | +2.1% |
| Gross operating margin | 9900 | €194,344 | €313,461 | +€119,118 | +61.3% |
| Operating profit (loss) | 9901 | €189,947 | €292,171 | +€102,224 | +53.8% |
| Financial income | 75/76B | €340 | €966 | +€626 | +184.3% |
| Recurring financial income | 75 | €340 | €966 | +€626 | +184.3% |
| Financial charges | 65/66B | €0 | €45 | +€45 | +10000.0% |
| Recurring financial charges | 65 | €0 | €45 | +€45 | +10000.0% |
| Profit (loss) for the period before taxes | 9903 | €190,286 | €293,091 | +€102,805 | +54.0% |
| Income taxes | 67/77 | €43,041 | €68,727 | +€25,686 | +59.7% |
| Profit (loss) for the period | 9904 | €147,245 | €224,364 | +€77,119 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €147,245 | €224,364 | +€77,119 | +52.4% |
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.