ITHURON: 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.
ITHURON
Largest movements
- Tangible fixed assets -€12,695
down €12,695 (-16.8%), from €75,471 to €62,776
of which Furniture and vehicles: -€9,342
- Cash +€2,397
up €2,397 (+13.4%), from €17,882 to €20,279
mainly Depreciation (+€15,467) and Trade debts (+€3,151)
- Deferred charges and accrued income +€2,028
up €2,028 (+86.0%), from €2,357 to €4,385
- Receivables within one year -€1,473
down €1,473 (-10.0%), from €14,790 to €13,317
of which Trade receivables: -€1,463
- Debts after one year -€9,681
down €9,681 (-25.7%), from €37,724 to €28,043
- Tax, wage and social debts -€5,002
down €5,002 (-23.7%), from €21,072 to €16,069
of which Remuneration and social security: -€5,000
- Trade debts +€3,151
up €3,151 (+125%), from €2,530 to €5,681
- Profit (loss) carried forward +€1,950
up €1,950 (+16.4%), from €11,920 to €13,869
- Other debts -€1,107
down €1,107 (-22.0%), from €5,042 to €3,935
- Depreciation +€6,894
up €6,894 (+80.4%), from €8,573 to €15,467
- Gross operating margin +€5,553
up €5,553 (+30.1%), from €18,446 to €23,999
- Financial charges +€1,204
up €1,204 (+137%), from €877 to €2,081
- Taxes +€447
up €447 (+15.2%), from €2,950 to €3,397
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 | €110,500 | €100,757 | -€9,743 | -8.8% |
| Fixed assets | 21/28 | €75,471 | €62,776 | -€12,695 | -16.8% |
| Tangible fixed assets | 22/27 | €75,471 | €62,776 | -€12,695 | -16.8% |
| Land and buildings | 22 | €2,741 | €1,912 | -€829 | -30.2% |
| Plant, machinery and equipment | 23 | €358 | €105 | -€253 | -70.6% |
| Furniture and vehicles | 24 | €54,089 | €44,747 | -€9,342 | -17.3% |
| Other tangible fixed assets | 26 | €18,282 | €16,011 | -€2,271 | -12.4% |
| Current assets | 29/58 | €35,029 | €37,981 | +€2,952 | +8.4% |
| Amounts receivable within one year | 40/41 | €14,790 | €13,317 | -€1,473 | -10.0% |
| Trade receivables | 40 | €14,644 | €13,182 | -€1,463 | -10.0% |
| Other amounts receivable | 41 | €145 | €135 | -€10 | -7.0% |
| Cash at bank and in hand | 54/58 | €17,882 | €20,279 | +€2,397 | +13.4% |
| Deferred charges and accrued income | 490/1 | €2,357 | €4,385 | +€2,028 | +86.0% |
| Total equity and liabilities | 10/49 | €110,500 | €100,757 | -€9,743 | -8.8% |
| Equity | 10/15 | €32,184 | €34,134 | +€1,950 | +6.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €14,015 | €14,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,155 | €12,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,920 | €13,869 | +€1,950 | +16.4% |
| Amounts payable | 17/49 | €78,315 | €66,623 | -€11,693 | -14.9% |
| Amounts payable after more than one year | 17 | €37,724 | €28,043 | -€9,681 | -25.7% |
| Financial debts | 170/4 | €37,724 | €28,043 | -€9,681 | -25.7% |
| Amounts payable within one year | 42/48 | €37,901 | €35,367 | -€2,534 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €9,257 | €9,681 | +€424 | +4.6% |
| Trade debts | 44 | €2,530 | €5,681 | +€3,151 | +125% |
| Suppliers | 440/4 | €2,530 | €5,681 | +€3,151 | +125% |
| Taxes, remuneration and social security | 45 | €21,072 | €16,069 | -€5,002 | -23.7% |
| Taxes | 450/3 | €12,072 | €12,069 | -€2 | 0.0% |
| Remuneration and social security | 454/9 | €9,000 | €4,000 | -€5,000 | -55.6% |
| Other amounts payable | 47/48 | €5,042 | €3,935 | -€1,107 | -22.0% |
| Accrued charges and deferred income | 492/3 | €2,690 | €3,213 | +€523 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,573 | €15,467 | +€6,894 | +80.4% |
| Other operating charges | 640/8 | €1,184 | €1,104 | -€80 | -6.8% |
| Gross operating margin | 9900 | €18,446 | €23,999 | +€5,553 | +30.1% |
| Operating profit (loss) | 9901 | €8,688 | €7,428 | -€1,261 | -14.5% |
| Financial income | 75/76B | €10 | €0 | -€10 | -98.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -98.9% |
| Financial charges | 65/66B | €877 | €2,081 | +€1,204 | +137% |
| Recurring financial charges | 65 | €877 | €2,081 | +€1,204 | +137% |
| Profit (loss) for the period before taxes | 9903 | €7,821 | €5,347 | -€2,474 | -31.6% |
| Income taxes | 67/77 | €2,950 | €3,397 | +€447 | +15.2% |
| Profit (loss) for the period | 9904 | €4,871 | €1,950 | -€2,922 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,871 | €1,950 | -€2,922 | -60.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.