ITIGATE: 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.
ITIGATE
Largest movements
- Current investments -€491,119
down €491,119 (-48.7%), from €1.0m to €517,517
- Cash +€403,328
up €403,328 (+152.8%), from €264,012 to €667,340
mainly Current investments (+€491,119) and Net result for the year (+€90,297)
- Tangible fixed assets +€99,015
up €99,015 (+68.0%), from €145,631 to €244,647
of which Furniture and vehicles: +€112,968
- Receivables within one year +€20,076
up €20,076 (+26.0%), from €77,240 to €97,316
of which Trade receivables: +€19,581
- Reserves +€20,577
up €20,577 (+1.5%), from €1.4m to €1.4m
- Write-downs -€77,833
down €77,833 (-90.2%), from €86,326 to €8,493
- Gross operating margin -€50,864
down €50,864 (-26.5%), from €191,854 to €140,990
- Depreciation -€13,451
down €13,451 (-28.0%), from €48,042 to €34,591
- Financial charges -€7,230
down €7,230 (-89.5%), from €8,078 to €848
of which Non-recurring financial charges: -€6,814
- Taxes +€5,153
up €5,153 (+16.4%), from €31,431 to €36,584
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 | €1,510,026 | €1,540,842 | +€30,815 | +2.0% |
| Fixed assets | 21/28 | €145,646 | €244,662 | +€99,015 | +68.0% |
| Tangible fixed assets | 22/27 | €145,631 | €244,647 | +€99,015 | +68.0% |
| Land and buildings | 22 | €25,444 | €21,770 | -€3,674 | -14.4% |
| Plant, machinery and equipment | 23 | €1,782 | €1,263 | -€519 | -29.1% |
| Furniture and vehicles | 24 | €59,638 | €172,606 | +€112,968 | +189.4% |
| Leasing and similar rights | 25 | €53,498 | €44,659 | -€8,839 | -16.5% |
| Other tangible fixed assets | 26 | €5,270 | €4,349 | -€920 | -17.5% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €1,364,380 | €1,296,180 | -€68,200 | -5.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €77,240 | €97,316 | +€20,076 | +26.0% |
| Trade receivables | 40 | €68,507 | €88,088 | +€19,581 | +28.6% |
| Other amounts receivable | 41 | €8,733 | €9,228 | +€495 | +5.7% |
| Current investments | 50/53 | €1,008,636 | €517,517 | -€491,119 | -48.7% |
| Cash at bank and in hand | 54/58 | €264,012 | €667,340 | +€403,328 | +152.8% |
| Deferred charges and accrued income | 490/1 | €14,492 | €14,008 | -€485 | -3.3% |
| Total equity and liabilities | 10/49 | €1,510,026 | €1,540,842 | +€30,815 | +2.0% |
| Equity | 10/15 | €1,417,836 | €1,438,412 | +€20,577 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,399,236 | €1,419,812 | +€20,577 | +1.5% |
| Distributable reserves | 133 | €1,399,236 | €1,419,812 | +€20,577 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,191 | €102,430 | +€10,239 | +11.1% |
| Amounts payable after more than one year | 17 | €1,511 | €1,511 | = | 0.0% |
| Other amounts payable | 178/9 | €1,511 | €1,511 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,845 | €100,598 | +€11,753 | +13.2% |
| Trade debts | 44 | €72,802 | €84,736 | +€11,933 | +16.4% |
| Suppliers | 440/4 | €72,802 | €84,736 | +€11,933 | +16.4% |
| Taxes, remuneration and social security | 45 | €11,935 | €10,685 | -€1,250 | -10.5% |
| Taxes | 450/3 | €11,935 | €10,685 | -€1,250 | -10.5% |
| Other amounts payable | 47/48 | €4,108 | €5,178 | +€1,070 | +26.0% |
| Accrued charges and deferred income | 492/3 | €1,834 | €320 | -€1,514 | -82.5% |
| Non-recurring operating income | 76A | €0 | €19,479 | +€19,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,042 | €34,591 | -€13,451 | -28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €86,326 | €8,493 | -€77,833 | -90.2% |
| Other operating charges | 640/8 | €7,539 | €3,662 | -€3,877 | -51.4% |
| Gross operating margin | 9900 | €191,854 | €140,990 | -€50,864 | -26.5% |
| Operating profit (loss) | 9901 | €49,948 | €94,246 | +€44,298 | +88.7% |
| Financial income | 75/76B | €36,759 | €33,484 | -€3,275 | -8.9% |
| Recurring financial income | 75 | €36,759 | €33,484 | -€3,275 | -8.9% |
| Financial charges | 65/66B | €8,078 | €848 | -€7,230 | -89.5% |
| Recurring financial charges | 65 | €1,264 | €848 | -€416 | -32.9% |
| Non-recurring financial charges | 66B | €6,814 | €0 | -€6,814 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €78,628 | €126,881 | +€48,253 | +61.4% |
| Income taxes | 67/77 | €31,431 | €36,584 | +€5,153 | +16.4% |
| Profit (loss) for the period | 9904 | €47,197 | €90,297 | +€43,100 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,197 | €90,297 | +€43,100 | +91.3% |
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 11 October 2026 via checked.be.