ITICS: 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.
ITICS
Largest movements
- Tangible fixed assets -€23,191
down €23,191 (-55.6%), from €41,729 to €18,538
- Cash +€15,491
up €15,491 (+7.3%), from €211,652 to €227,144
mainly Depreciation (+€25,030) and Net result for the year (+€13,496)
- Receivables within one year +€14,614
up €14,614 (+28.4%), from €51,454 to €66,068
of which Trade receivables: +€14,614
- Profit (loss) carried forward +€13,496
up €13,496 (+3.3%), from -€405,005 to -€391,509
- Other debts -€8,256
down €8,256 (-4.4%), from €189,734 to €181,479
- Tax, wage and social debts +€4,169
up €4,169 (+368.9%), from €1,130 to €5,299
of which Taxes: +€4,172
- Gross operating margin +€94,403
up €94,403, from -€49,292 to €45,111
- Other operating charges +€3,022
up €3,022 (+1228.4%), from €246 to €3,268
- Depreciation +€2,538
up €2,538 (+11.3%), from €22,492 to €25,030
- Financial charges +€2,509
up €2,509 (+1189.7%), from €211 to €2,720
- Taxes +€520
up €520 (+103.5%), from €503 to €1,023
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 | €308,234 | €315,829 | +€7,595 | +2.5% |
| Fixed assets | 21/28 | €41,762 | €18,571 | -€23,191 | -55.5% |
| Tangible fixed assets | 22/27 | €41,729 | €18,538 | -€23,191 | -55.6% |
| Land and buildings | 22 | €3,100 | €3,100 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,451 | €561 | -€889 | -61.3% |
| Furniture and vehicles | 24 | €15,451 | €4,422 | -€11,030 | -71.4% |
| Other tangible fixed assets | 26 | €21,727 | €10,455 | -€11,272 | -51.9% |
| Financial fixed assets | 28 | €33 | €33 | = | 0.0% |
| Current assets | 29/58 | €266,472 | €297,258 | +€30,786 | +11.6% |
| Amounts receivable within one year | 40/41 | €51,454 | €66,068 | +€14,614 | +28.4% |
| Trade receivables | 40 | €14,454 | €29,068 | +€14,614 | +101.1% |
| Other amounts receivable | 41 | €37,000 | €37,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €211,652 | €227,144 | +€15,491 | +7.3% |
| Deferred charges and accrued income | 490/1 | €3,366 | €4,046 | +€680 | +20.2% |
| Total equity and liabilities | 10/49 | €308,234 | €315,829 | +€7,595 | +2.5% |
| Equity | 10/15 | €109,255 | €122,751 | +€13,496 | +12.4% |
| Contributions | 10/11 | €512,400 | €512,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€405,005 | -€391,509 | +€13,496 | +3.3% |
| Amounts payable | 17/49 | €198,979 | €193,078 | -€5,901 | -3.0% |
| Amounts payable within one year | 42/48 | €198,979 | €193,078 | -€5,901 | -3.0% |
| Trade debts | 44 | €8,115 | €6,300 | -€1,815 | -22.4% |
| Suppliers | 440/4 | €8,115 | €6,300 | -€1,815 | -22.4% |
| Taxes, remuneration and social security | 45 | €1,130 | €5,299 | +€4,169 | +368.9% |
| Taxes | 450/3 | €1,127 | €5,299 | +€4,172 | +370.0% |
| Remuneration and social security | 454/9 | €3 | €0 | -€3 | -100.0% |
| Other amounts payable | 47/48 | €189,734 | €181,479 | -€8,256 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,492 | €25,030 | +€2,538 | +11.3% |
| Other operating charges | 640/8 | €246 | €3,268 | +€3,022 | +1228.4% |
| Gross operating margin | 9900 | -€49,292 | €45,111 | +€94,403 | |
| Operating profit (loss) | 9901 | -€72,031 | €16,813 | +€88,844 | |
| Financial income | 75/76B | €370 | €427 | +€57 | +15.3% |
| Recurring financial income | 75 | €370 | €427 | +€57 | +15.3% |
| Financial charges | 65/66B | €211 | €2,720 | +€2,509 | +1189.7% |
| Recurring financial charges | 65 | €211 | €2,720 | +€2,509 | +1189.7% |
| Profit (loss) for the period before taxes | 9903 | -€71,872 | €14,519 | +€86,391 | |
| Income taxes | 67/77 | €503 | €1,023 | +€520 | +103.5% |
| Profit (loss) for the period | 9904 | -€72,375 | €13,496 | +€85,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,375 | €13,496 | +€85,871 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.