ITIMIZE: 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.
ITIMIZE
Largest movements
- Cash +€23,191
up €23,191 (+114.5%), from €20,260 to €43,451
mainly Net result for the year (+€29,288) and Deferred charges and accrued income (+€8,436)
- Receivables within one year +€17,125
up €17,125 (+707.6%), from €2,420 to €19,545
of which Trade receivables: +€16,940
- Deferred charges and accrued income -€8,436
down €8,436 (-91.8%), from €9,193 to €757
- Reserves +€28,455
up €28,455 (+215.8%), from €13,188 to €41,643
- Tax, wage and social debts +€4,704
up €4,704 (+38.4%), from €12,236 to €16,941
of which Taxes: +€4,705
- Accrued charges and deferred income -€1,199
down €1,199 (-72.6%), from €1,650 to €452
- Gross operating margin +€20,474
up €20,474 (+99.1%), from €20,653 to €41,127
- Taxes +€5,125
up €5,125 (+107.1%), from €4,786 to €9,911
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 | €31,872 | €63,752 | +€31,880 | +100.0% |
| Current assets | 29/58 | €31,872 | €63,752 | +€31,880 | +100.0% |
| Amounts receivable within one year | 40/41 | €2,420 | €19,545 | +€17,125 | +707.6% |
| Trade receivables | 40 | €2,420 | €19,360 | +€16,940 | +700.0% |
| Other amounts receivable | 41 | - | €185 | +€185 | |
| Cash at bank and in hand | 54/58 | €20,260 | €43,451 | +€23,191 | +114.5% |
| Deferred charges and accrued income | 490/1 | €9,193 | €757 | -€8,436 | -91.8% |
| Total equity and liabilities | 10/49 | €31,872 | €63,752 | +€31,880 | +100.0% |
| Equity | 10/15 | €16,188 | €44,643 | +€28,455 | +175.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,188 | €41,643 | +€28,455 | +215.8% |
| Distributable reserves | 133 | €13,188 | €41,643 | +€28,455 | +215.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,684 | €19,109 | +€3,425 | +21.8% |
| Amounts payable within one year | 42/48 | €14,034 | €18,657 | +€4,623 | +32.9% |
| Trade debts | 44 | €1,196 | €884 | -€312 | -26.1% |
| Suppliers | 440/4 | €1,196 | €884 | -€312 | -26.1% |
| Taxes, remuneration and social security | 45 | €12,236 | €16,941 | +€4,704 | +38.4% |
| Taxes | 450/3 | €10,309 | €15,015 | +€4,705 | +45.6% |
| Remuneration and social security | 454/9 | €1,927 | €1,926 | -€1 | -0.1% |
| Other amounts payable | 47/48 | €601 | €833 | +€232 | +38.5% |
| Accrued charges and deferred income | 492/3 | €1,650 | €452 | -€1,199 | -72.6% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €20,653 | €41,127 | +€20,474 | +99.1% |
| Operating profit (loss) | 9901 | €20,653 | €40,999 | +€20,346 | +98.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,820 | €1,803 | -€17 | -0.9% |
| Recurring financial charges | 65 | €1,820 | €1,803 | -€17 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €18,833 | €39,199 | +€20,366 | +108.1% |
| Income taxes | 67/77 | €4,786 | €9,911 | +€5,125 | +107.1% |
| Profit (loss) for the period | 9904 | €14,047 | €29,288 | +€15,241 | +108.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,047 | €29,288 | +€15,241 | +108.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.