ITIMMO: 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.
ITIMMO
Largest movements
- Cash -€126,267
down €126,267 (-20.8%), from €605,703 to €479,435
mainly Contributions, distributions and other (-€721,327) and Current investments (-€50,000)
- Current investments +€50,000
up €50,000 (+7.1%), from €700,000 to €750,000
- Tangible fixed assets -€27,799
down €27,799 (-7.5%), from €371,424 to €343,625
of which Land and buildings: -€28,739
- Reserves -€468,012
down €468,012 (-41.8%), from €1.1m to €652,871
- Other debts +€390,176
up €390,176 (+96.5%), from €404,249 to €794,425
- Debts after one year -€18,434
down €18,434 (-13.6%), from €135,881 to €117,447
- Gross operating margin +€95,399
up €95,399 (+32.5%), from €293,660 to €389,060
- Taxes +€33,263
up €33,263 (+40.4%), from €82,342 to €115,606
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 | €1,703,232 | €1,599,666 | -€103,566 | -6.1% |
| Fixed assets | 21/28 | €371,424 | €343,625 | -€27,799 | -7.5% |
| Tangible fixed assets | 22/27 | €371,424 | €343,625 | -€27,799 | -7.5% |
| Land and buildings | 22 | €359,871 | €331,131 | -€28,739 | -8.0% |
| Plant, machinery and equipment | 23 | €4,319 | €6,998 | +€2,679 | +62.0% |
| Furniture and vehicles | 24 | €5,603 | €4,408 | -€1,195 | -21.3% |
| Other tangible fixed assets | 26 | €1,631 | €1,087 | -€544 | -33.3% |
| Current assets | 29/58 | €1,331,808 | €1,256,041 | -€75,767 | -5.7% |
| Amounts receivable within one year | 40/41 | €24,338 | €24,397 | +€59 | +0.2% |
| Trade receivables | 40 | €7,547 | €24,397 | +€16,850 | +223% |
| Other amounts receivable | 41 | €16,791 | - | -€16,791 | |
| Current investments | 50/53 | €700,000 | €750,000 | +€50,000 | +7.1% |
| Cash at bank and in hand | 54/58 | €605,703 | €479,435 | -€126,267 | -20.8% |
| Deferred charges and accrued income | 490/1 | €1,767 | €2,208 | +€441 | +25.0% |
| Total equity and liabilities | 10/49 | €1,703,232 | €1,599,666 | -€103,566 | -6.1% |
| Equity | 10/15 | €1,120,883 | €652,871 | -€468,012 | -41.8% |
| Reserves | 13 | €1,120,883 | €652,871 | -€468,012 | -41.8% |
| Distributable reserves | 133 | €1,120,883 | €652,871 | -€468,012 | -41.8% |
| Amounts payable | 17/49 | €582,349 | €946,794 | +€364,446 | +62.6% |
| Amounts payable after more than one year | 17 | €135,881 | €117,447 | -€18,434 | -13.6% |
| Financial debts | 170/4 | €135,881 | €117,447 | -€18,434 | -13.6% |
| Amounts payable within one year | 42/48 | €446,468 | €829,347 | +€382,879 | +85.8% |
| Current portion of amounts payable after more than one year | 42 | €18,206 | €18,434 | +€228 | +1.3% |
| Trade debts | 44 | €8,990 | €757 | -€8,233 | -91.6% |
| Suppliers | 440/4 | €8,990 | €757 | -€8,233 | -91.6% |
| Taxes, remuneration and social security | 45 | €15,023 | €15,731 | +€708 | +4.7% |
| Taxes | 450/3 | €15,023 | €15,731 | +€708 | +4.7% |
| Other amounts payable | 47/48 | €404,249 | €794,425 | +€390,176 | +96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,143 | €31,629 | -€1,513 | -4.6% |
| Other operating charges | 640/8 | €3,484 | €3,748 | +€265 | +7.6% |
| Gross operating margin | 9900 | €293,660 | €389,060 | +€95,399 | +32.5% |
| Operating profit (loss) | 9901 | €257,034 | €353,682 | +€96,648 | +37.6% |
| Financial income | 75/76B | €20,237 | €19,411 | -€826 | -4.1% |
| Recurring financial income | 75 | €20,237 | €19,411 | -€826 | -4.1% |
| Financial charges | 65/66B | €3,819 | €4,171 | +€353 | +9.2% |
| Recurring financial charges | 65 | €3,819 | €4,171 | +€353 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €273,452 | €368,921 | +€95,469 | +34.9% |
| Income taxes | 67/77 | €82,342 | €115,606 | +€33,263 | +40.4% |
| Profit (loss) for the period | 9904 | €191,110 | €253,315 | +€62,206 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €191,110 | €253,315 | +€62,206 | +32.5% |
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 15 October 2026 via checked.be.