ITIMAT: 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.
ITIMAT
Largest movements
- Stocks and contracts +€293,962
up €293,962 (+24.4%), from €1.2m to €1.5m
- Receivables within one year -€127,515
down €127,515 (-73.3%), from €173,923 to €46,408
of which Other amounts receivable: -€74,874
- Tax, wage and social debts +€103,407
up €103,407 (+54.3%), from €190,281 to €293,687
of which Taxes: +€75,069
- Trade debts +€103,274
up €103,274 (+16.9%), from €612,715 to €715,989
- Accrued charges and deferred income -€56,843
no longer reported in 2025 (was €56,843)
- Other debts +€50,843
new in 2025: €50,843
- Debts after one year -€36,578
down €36,578 (-22.4%), from €163,062 to €126,484
- Gross operating margin +€134,739
up €134,739 (+71.0%), from €189,866 to €324,606
- Taxes +€103,169
new in 2025: €103,169
- Staff costs +€44,426
up €44,426 (+32.4%), from €137,279 to €181,705
- Financial charges +€18,445
up €18,445 (+85.5%), from €21,569 to €40,014
of which Financial charges: +€18,445
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 | €1,470,641 | €1,618,225 | +€147,584 | +10.0% |
| Fixed assets | 21/28 | €82,841 | €70,935 | -€11,906 | -14.4% |
| Tangible fixed assets | 22/27 | €27,320 | €15,414 | -€11,906 | -43.6% |
| Plant, machinery and equipment | 23 | €6,982 | €5,819 | -€1,164 | -16.7% |
| Furniture and vehicles | 24 | €20,337 | €9,595 | -€10,742 | -52.8% |
| Financial fixed assets | 28 | €55,521 | €55,521 | = | 0.0% |
| Current assets | 29/58 | €1,387,801 | €1,547,290 | +€159,489 | +11.5% |
| Stocks and contracts in progress | 3 | €1,205,087 | €1,499,049 | +€293,962 | +24.4% |
| Stocks | 30/36 | €1,205,087 | €1,499,049 | +€293,962 | +24.4% |
| Amounts receivable within one year | 40/41 | €173,923 | €46,408 | -€127,515 | -73.3% |
| Trade receivables | 40 | €96,748 | €44,108 | -€52,640 | -54.4% |
| Other amounts receivable | 41 | €77,174 | €2,300 | -€74,874 | -97.0% |
| Current investments | 50/53 | €6,040 | - | -€6,040 | |
| Cash at bank and in hand | 54/58 | €2,750 | €1,833 | -€917 | -33.4% |
| Total equity and liabilities | 10/49 | €1,470,641 | €1,618,225 | +€147,584 | +10.0% |
| Equity | 10/15 | €397,741 | €381,222 | -€16,519 | -4.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €379,149 | €362,630 | -€16,519 | -4.4% |
| Non-distributable reserves | 130/1 | €379,149 | €362,630 | -€16,519 | -4.4% |
| Reserves not available under the articles | 1311 | €379,149 | €362,630 | -€16,519 | -4.4% |
| Amounts payable | 17/49 | €1,072,901 | €1,237,003 | +€164,103 | +15.3% |
| Amounts payable after more than one year | 17 | €163,062 | €126,484 | -€36,578 | -22.4% |
| Other amounts payable | 178/9 | €163,062 | €126,484 | -€36,578 | -22.4% |
| Amounts payable within one year | 42/48 | €852,996 | €1,110,519 | +€257,524 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €612,715 | €715,989 | +€103,274 | +16.9% |
| Suppliers | 440/4 | €612,715 | €715,989 | +€103,274 | +16.9% |
| Taxes, remuneration and social security | 45 | €190,281 | €293,687 | +€103,407 | +54.3% |
| Taxes | 450/3 | €190,281 | €265,350 | +€75,069 | +39.5% |
| Remuneration and social security | 454/9 | - | €28,337 | +€28,337 | |
| Other amounts payable | 47/48 | - | €50,843 | +€50,843 | |
| Accrued charges and deferred income | 492/3 | €56,843 | - | -€56,843 | |
| Remuneration, social security and pensions | 62 | €137,279 | €181,705 | +€44,426 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,841 | €11,906 | -€2,935 | -19.8% |
| Other operating charges | 640/8 | €7,709 | €4,855 | -€2,854 | -37.0% |
| Gross operating margin | 9900 | €189,866 | €324,606 | +€134,739 | +71.0% |
| Operating profit (loss) | 9901 | €30,038 | €126,139 | +€96,102 | +320% |
| Financial income | 75/76B | €556 | €525 | -€31 | -5.6% |
| Recurring financial income | 75 | €556 | €525 | -€31 | -5.6% |
| Financial charges | 65/66B | €21,569 | €40,014 | +€18,445 | +85.5% |
| Recurring financial charges | 65 | €21,569 | €40,014 | +€18,445 | +85.5% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €9,024 | €86,650 | +€77,626 | +860% |
| Income taxes | 67/77 | - | €103,169 | +€103,169 | |
| Profit (loss) for the period | 9904 | €9,024 | -€16,519 | -€25,543 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,024 | -€16,519 | -€25,543 |
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 18 October 2026 via checked.be.