ITICON: 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.
ITICON
Largest movements
- Cash +€106,934
up €106,934 (+32.9%), from €325,500 to €432,433
mainly Stocks and contracts (+€105,206) and Net result for the year (+€28,350)
- Stocks and contracts -€105,206
down €105,206 (-20.1%), from €522,724 to €417,518
- Receivables within one year +€12,683
up €12,683 (+161.6%), from €7,849 to €20,532
of which Trade receivables: +€18,894
- Other debts +€12,306
up €12,306 (+123.3%), from €9,978 to €22,284
- Gross operating margin +€29,350
up €29,350 (+13.7%), from €214,550 to €243,901
- Staff costs +€11,199
up €11,199 (+6.4%), from €175,314 to €186,513
- Taxes +€4,387
up €4,387 (+40.8%), from €10,764 to €15,150
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 | €906,217 | €917,311 | +€11,094 | +1.2% |
| Fixed assets | 21/28 | €45,046 | €41,541 | -€3,505 | -7.8% |
| Tangible fixed assets | 22/27 | €43,546 | €40,041 | -€3,505 | -8.0% |
| Land and buildings | 22 | €39,563 | €37,028 | -€2,535 | -6.4% |
| Furniture and vehicles | 24 | €1,079 | €528 | -€551 | -51.1% |
| Other tangible fixed assets | 26 | €2,904 | €2,485 | -€419 | -14.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €861,171 | €875,770 | +€14,599 | +1.7% |
| Stocks and contracts in progress | 3 | €522,724 | €417,518 | -€105,206 | -20.1% |
| Stocks | 30/36 | €522,724 | €417,518 | -€105,206 | -20.1% |
| Amounts receivable within one year | 40/41 | €7,849 | €20,532 | +€12,683 | +161.6% |
| Trade receivables | 40 | - | €18,894 | +€18,894 | |
| Other amounts receivable | 41 | €7,849 | €1,638 | -€6,211 | -79.1% |
| Cash at bank and in hand | 54/58 | €325,500 | €432,433 | +€106,934 | +32.9% |
| Deferred charges and accrued income | 490/1 | €5,098 | €5,286 | +€188 | +3.7% |
| Total equity and liabilities | 10/49 | €906,217 | €917,311 | +€11,094 | +1.2% |
| Equity | 10/15 | €855,807 | €861,873 | +€6,066 | +0.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €780,807 | €786,873 | +€6,066 | +0.8% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €773,307 | €779,373 | +€6,066 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,410 | €55,438 | +€5,027 | +10.0% |
| Amounts payable within one year | 42/48 | €50,410 | €55,438 | +€5,027 | +10.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,194 | €5,158 | -€1,036 | -16.7% |
| Suppliers | 440/4 | €6,194 | €5,158 | -€1,036 | -16.7% |
| Taxes, remuneration and social security | 45 | €34,238 | €27,996 | -€6,242 | -18.2% |
| Taxes | 450/3 | €9,700 | €2,437 | -€7,263 | -74.9% |
| Remuneration and social security | 454/9 | €24,538 | €25,559 | +€1,020 | +4.2% |
| Other amounts payable | 47/48 | €9,978 | €22,284 | +€12,306 | +123.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €175,314 | €186,513 | +€11,199 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,505 | €3,505 | = | 0.0% |
| Other operating charges | 640/8 | €5,380 | €5,282 | -€98 | -1.8% |
| Gross operating margin | 9900 | €214,550 | €243,901 | +€29,350 | +13.7% |
| Operating profit (loss) | 9901 | €30,351 | €48,601 | +€18,250 | +60.1% |
| Financial income | 75/76B | €37 | €0 | -€37 | -100.0% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -100.0% |
| Financial charges | 65/66B | €5,294 | €5,100 | -€194 | -3.7% |
| Recurring financial charges | 65 | €5,294 | €5,100 | -€194 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €25,095 | €43,501 | +€18,406 | +73.3% |
| Income taxes | 67/77 | €10,764 | €15,150 | +€4,387 | +40.8% |
| Profit (loss) for the period | 9904 | €14,331 | €28,350 | +€14,020 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,331 | €28,350 | +€14,020 | +97.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.