ITHURRIA: 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.
ITHURRIA
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-59.7%), from €2.0m to €805,800
- Receivables within one year -€142,003
down €142,003 (-74.3%), from €191,016 to €49,013
of which Other amounts receivable: -€83,464
- Tangible fixed assets -€72,240
down €72,240 (-5.9%), from €1.2m to €1.1m
of which Land and buildings: -€71,747
- Reserves -€1.3m
down €1.3m (-92.6%), from €1.4m to €107,138
of which Distributable reserves: -€1.3m
- Other debts +€129,730
up €129,730 (+15.1%), from €857,736 to €987,466
- Debts after one year -€85,856
down €85,856 (-50.8%), from €168,977 to €83,120
- Contributions -€61,985
down €61,985 (-14.6%), from €423,272 to €361,287
- Trade debts -€49,994
down €49,994 (-76.5%), from €65,383 to €15,388
- Financial charges +€1.3m
up €1.3m (+3,439%), from €36,968 to €1.3m
of which Non-recurring financial charges: +€1.2m
- Gross operating margin +€22,318
up €22,318, from -€21,843 to €475
- Other operating charges -€19,785
down €19,785 (-84.8%), from €23,338 to €3,552
- Taxes -€11,462
down €11,462 (-90.2%), from €12,713 to €1,250
- Depreciation +€1,278
up €1,278 (+1.6%), from €79,789 to €81,067
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 | €3,413,122 | €2,004,215 | -€1.4m | -41.3% |
| Fixed assets | 21/28 | €3,217,151 | €1,950,884 | -€1.3m | -39.4% |
| Tangible fixed assets | 22/27 | €1,217,324 | €1,145,084 | -€72,240 | -5.9% |
| Land and buildings | 22 | €691,830 | €620,084 | -€71,747 | -10.4% |
| Furniture and vehicles | 24 | €494 | €0 | -€494 | -100% |
| Other tangible fixed assets | 26 | €525,000 | €525,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,999,827 | €805,800 | -€1.2m | -59.7% |
| Current assets | 29/58 | €195,971 | €53,331 | -€142,640 | -72.8% |
| Amounts receivable within one year | 40/41 | €191,016 | €49,013 | -€142,003 | -74.3% |
| Trade receivables | 40 | €60,872 | €2,333 | -€58,539 | -96.2% |
| Other amounts receivable | 41 | €130,144 | €46,680 | -€83,464 | -64.1% |
| Cash at bank and in hand | 54/58 | €4,954 | €4,318 | -€637 | -12.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,413,122 | €2,004,215 | -€1.4m | -41.3% |
| Equity | 10/15 | €1,862,932 | €468,425 | -€1.4m | -74.9% |
| Contributions | 10/11 | €423,272 | €361,287 | -€61,985 | -14.6% |
| Capital | 10 | €423,272 | €361,287 | -€61,985 | -14.6% |
| Issued capital | 100 | €423,272 | €361,287 | -€61,985 | -14.6% |
| Reserves | 13 | €1,439,659 | €107,138 | -€1.3m | -92.6% |
| Non-distributable reserves | 130/1 | €50,162 | €49,686 | -€477 | -1.0% |
| Legal reserve | 130 | €50,162 | €49,686 | -€477 | -1.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,389,497 | €57,453 | -€1.3m | -95.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,550,190 | €1,535,790 | -€14,400 | -0.9% |
| Amounts payable after more than one year | 17 | €168,977 | €83,120 | -€85,856 | -50.8% |
| Financial debts | 170/4 | €168,977 | €83,120 | -€85,856 | -50.8% |
| Amounts payable within one year | 42/48 | €1,379,463 | €1,452,669 | +€73,206 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €84,431 | €86,731 | +€2,300 | +2.7% |
| Financial debts | 43 | €361,725 | €361,725 | = | 0.0% |
| Credit institutions | 430/8 | €361,725 | €361,725 | = | 0.0% |
| Trade debts | 44 | €65,383 | €15,388 | -€49,994 | -76.5% |
| Suppliers | 440/4 | €65,383 | €15,388 | -€49,994 | -76.5% |
| Taxes, remuneration and social security | 45 | €10,188 | €1,359 | -€8,829 | -86.7% |
| Taxes | 450/3 | €10,188 | €1,359 | -€8,829 | -86.7% |
| Other amounts payable | 47/48 | €857,736 | €987,466 | +€129,730 | +15.1% |
| Accrued charges and deferred income | 492/3 | €1,750 | €0 | -€1,750 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,789 | €81,067 | +€1,278 | +1.6% |
| Other operating charges | 640/8 | €23,338 | €3,552 | -€19,785 | -84.8% |
| Non-recurring operating charges | 66A | - | €664 | +€664 | |
| Gross operating margin | 9900 | -€21,843 | €475 | +€22,318 | |
| Operating profit (loss) | 9901 | -€124,970 | -€84,809 | +€40,161 | +32.1% |
| Financial income | 75/76B | €1,030 | €0 | -€1,030 | -100% |
| Recurring financial income | 75 | €1,030 | €0 | -€1,030 | -100% |
| Financial charges | 65/66B | €36,968 | €1,308,447 | +€1.3m | +3,439% |
| Recurring financial charges | 65 | €36,968 | €114,421 | +€77,453 | +210% |
| Non-recurring financial charges | 66B | - | €1,194,027 | +€1.2m | |
| Profit (loss) for the period before taxes | 9903 | -€160,908 | -€1,393,256 | -€1.2m | -766% |
| Income taxes | 67/77 | €12,713 | €1,250 | -€11,462 | -90.2% |
| Profit (loss) for the period | 9904 | -€173,621 | -€1,394,507 | -€1.2m | -703% |
| Transfer from tax-exempt reserves | 789 | €1,875,325 | €0 | -€1.9m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,701,704 | -€1,394,507 | -€3.1m |
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 29 October 2026 via checked.be.