ITIGAI: 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.
ITIGAI
Largest movements
- Cash -€58,591
down €58,591 (-83.5%), from €70,199 to €11,609
mainly Contributions, distributions and other (-€55,000) and Investment in fixed assets (net) (-€20,903)
- Tangible fixed assets +€16,975
up €16,975 (+236.8%), from €7,169 to €24,143
of which Plant, machinery and equipment: +€20,866
- Receivables within one year +€6,784
up €6,784 (+61.1%), from €11,104 to €17,888
of which Other amounts receivable: +€6,585
- Reserves -€31,936
down €31,936 (-46.3%), from €68,985 to €37,049
- Tax, wage and social debts -€8,622
down €8,622 (-54.4%), from €15,836 to €7,215
of which Taxes: -€11,022
- Trade debts +€5,458
up €5,458 (+5785.6%), from €94 to €5,552
- Gross operating margin -€4,432
down €4,432 (-11.2%), from €39,447 to €35,015
- Taxes -€1,341
down €1,341 (-17.8%), from €7,542 to €6,201
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 | €89,915 | €54,816 | -€35,099 | -39.0% |
| Fixed assets | 21/28 | €7,169 | €24,143 | +€16,975 | +236.8% |
| Tangible fixed assets | 22/27 | €7,169 | €24,143 | +€16,975 | +236.8% |
| Plant, machinery and equipment | 23 | - | €20,866 | +€20,866 | |
| Furniture and vehicles | 24 | €7,169 | €3,277 | -€3,891 | -54.3% |
| Current assets | 29/58 | €82,746 | €30,673 | -€52,074 | -62.9% |
| Amounts receivable within one year | 40/41 | €11,104 | €17,888 | +€6,784 | +61.1% |
| Trade receivables | 40 | €10,781 | €10,980 | +€199 | +1.8% |
| Other amounts receivable | 41 | €323 | €6,908 | +€6,585 | +2041.5% |
| Cash at bank and in hand | 54/58 | €70,199 | €11,609 | -€58,591 | -83.5% |
| Deferred charges and accrued income | 490/1 | €1,443 | €1,176 | -€267 | -18.5% |
| Total equity and liabilities | 10/49 | €89,915 | €54,816 | -€35,099 | -39.0% |
| Equity | 10/15 | €73,985 | €42,049 | -€31,936 | -43.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,985 | €37,049 | -€31,936 | -46.3% |
| Distributable reserves | 133 | €68,985 | €37,049 | -€31,936 | -46.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,931 | €12,767 | -€3,163 | -19.9% |
| Amounts payable within one year | 42/48 | €15,931 | €12,767 | -€3,163 | -19.9% |
| Trade debts | 44 | €94 | €5,552 | +€5,458 | +5785.6% |
| Suppliers | 440/4 | €94 | €5,552 | +€5,458 | +5785.6% |
| Taxes, remuneration and social security | 45 | €15,836 | €7,215 | -€8,622 | -54.4% |
| Taxes | 450/3 | €15,836 | €4,815 | -€11,022 | -69.6% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,303 | €3,929 | -€374 | -8.7% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €39,447 | €35,015 | -€4,432 | -11.2% |
| Operating profit (loss) | 9901 | €34,631 | €30,558 | -€4,072 | -11.8% |
| Financial income | 75/76B | €1 | €49 | +€47 | +3239.0% |
| Recurring financial income | 75 | €1 | €49 | +€47 | +3239.0% |
| Financial charges | 65/66B | €1,599 | €1,342 | -€257 | -16.1% |
| Recurring financial charges | 65 | €1,599 | €1,342 | -€257 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €33,033 | €29,265 | -€3,768 | -11.4% |
| Income taxes | 67/77 | €7,542 | €6,201 | -€1,341 | -17.8% |
| Profit (loss) for the period | 9904 | €25,491 | €23,064 | -€2,427 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,491 | €23,064 | -€2,427 | -9.5% |
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 9 October 2026 via checked.be.