ITINA: 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.
ITINA
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+332.6%), from €443,470 to €1.9m
of which Trade receivables: +€884,318
- Cash -€53,072
down €53,072 (-16.8%), from €316,281 to €263,209
mainly Receivables within one year (-€1.5m) and Investment in fixed assets (net) (-€100,629)
- Tangible fixed assets +€29,301
up €29,301 (+9.1%), from €323,553 to €352,855
of which Plant, machinery and equipment: +€52,912
- Trade debts +€1.1m
up €1.1m (+459.8%), from €246,279 to €1.4m
- Debts after one year +€172,082
up €172,082 (+52.4%), from €328,671 to €500,753
- Profit (loss) carried forward +€143,676
up €143,676 (+73.9%), from €194,334 to €338,009
- Current portion of long-term debt +€46,305
up €46,305 (+139.9%), from €33,103 to €79,408
- Other debts -€42,801
down €42,801 (-48.8%), from €87,623 to €44,822
- Turnover -€6.5m
no longer reported in 2025 (was €6.5m)
- Goods and materials -€5.7m
no longer reported in 2025 (was €5.7m)
of which Purchases: -€5.6m
- Gross operating margin +€831,347
new in 2025: €831,347
- Services and other goods -€301,789
no longer reported in 2025 (was €301,789)
- Staff costs +€122,168
up €122,168 (+30.1%), from €406,278 to €528,446
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 | €1,101,636 | €2,552,886 | +€1.5m | +131.7% |
| Fixed assets | 21/28 | €335,781 | €370,090 | +€34,310 | +10.2% |
| Intangible fixed assets | 21 | €11,527 | €16,535 | +€5,008 | +43.4% |
| Tangible fixed assets | 22/27 | €323,553 | €352,855 | +€29,301 | +9.1% |
| Plant, machinery and equipment | 23 | €249,586 | €302,497 | +€52,912 | +21.2% |
| Furniture and vehicles | 24 | €69,325 | €50,357 | -€18,968 | -27.4% |
| Other tangible fixed assets | 26 | €4,643 | - | -€4,643 | |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Other financial fixed assets | 284/8 | €700 | - | -€700 | |
| Amounts receivable and cash guarantees | 285/8 | €700 | - | -€700 | |
| Current assets | 29/58 | €765,855 | €2,182,796 | +€1.4m | +185.0% |
| Amounts receivable within one year | 40/41 | €443,470 | €1,918,473 | +€1.5m | +332.6% |
| Trade receivables | 40 | €401,341 | €1,285,660 | +€884,318 | +220.3% |
| Other amounts receivable | 41 | €42,128 | €632,813 | +€590,685 | +1402.1% |
| Cash at bank and in hand | 54/58 | €316,281 | €263,209 | -€53,072 | -16.8% |
| Deferred charges and accrued income | 490/1 | €6,104 | €1,114 | -€4,990 | -81.8% |
| Total equity and liabilities | 10/49 | €1,101,636 | €2,552,886 | +€1.5m | +131.7% |
| Equity | 10/15 | €200,534 | €344,209 | +€143,676 | +71.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,334 | €338,009 | +€143,676 | +73.9% |
| Amounts payable | 17/49 | €901,102 | €2,208,677 | +€1.3m | +145.1% |
| Amounts payable after more than one year | 17 | €328,671 | €500,753 | +€172,082 | +52.4% |
| Financial debts | 170/4 | €328,671 | €500,753 | +€172,082 | +52.4% |
| Credit institutions | 173 | €28,671 | - | -€28,671 | |
| Other loans | 174 | €300,000 | - | -€300,000 | |
| Amounts payable within one year | 42/48 | €572,431 | €1,707,923 | +€1.1m | +198.4% |
| Current portion of amounts payable after more than one year | 42 | €33,103 | €79,408 | +€46,305 | +139.9% |
| Trade debts | 44 | €246,279 | €1,378,601 | +€1.1m | +459.8% |
| Suppliers | 440/4 | €246,279 | €1,378,601 | +€1.1m | +459.8% |
| Taxes, remuneration and social security | 45 | €205,426 | €205,093 | -€333 | -0.2% |
| Taxes | 450/3 | €76,635 | €49,947 | -€26,688 | -34.8% |
| Remuneration and social security | 454/9 | €128,791 | €155,146 | +€26,355 | +20.5% |
| Other amounts payable | 47/48 | €87,623 | €44,822 | -€42,801 | -48.8% |
| Operating income | 70/76A | €6,574,946 | - | -€6.6m | |
| Turnover | 70 | €6,520,947 | - | -€6.5m | |
| Other operating income | 74 | €53,999 | - | -€53,999 | |
| Operating charges | 60/66A | €6,486,019 | - | -€6.5m | |
| Goods for resale, raw materials and consumables | 60 | €5,723,996 | - | -€5.7m | |
| Purchases | 600/8 | €5,626,446 | - | -€5.6m | |
| Change in stocks: decrease (increase) | 609 | €97,550 | - | -€97,550 | |
| Services and other goods | 61 | €301,789 | - | -€301,789 | |
| Remuneration, social security and pensions | 62 | €406,278 | €528,446 | +€122,168 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,097 | €66,319 | +€14,222 | +27.3% |
| Other operating charges | 640/8 | €1,860 | - | -€1,860 | |
| Non-recurring operating charges | 66A | - | €31,964 | +€31,964 | |
| Gross operating margin | 9900 | - | €831,347 | +€831,347 | |
| Operating profit (loss) | 9901 | €88,926 | €204,617 | +€115,691 | +130.1% |
| Financial income | 75/76B | €231 | €368 | +€137 | +59.1% |
| Recurring financial income | 75 | €231 | €368 | +€137 | +59.1% |
| Other financial income | 752/9 | €231 | - | -€231 | |
| Financial charges | 65/66B | €11,463 | €19,105 | +€7,641 | +66.7% |
| Recurring financial charges | 65 | €11,463 | €19,105 | +€7,641 | +66.7% |
| Debt charges | 650 | €4,488 | - | -€4,488 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €6,371 | - | -€6,371 | |
| Other financial charges | 652/9 | €605 | - | -€605 | |
| Profit (loss) for the period before taxes | 9903 | €77,694 | €185,881 | +€108,186 | +139.2% |
| Income taxes | 67/77 | €22,047 | €42,205 | +€20,157 | +91.4% |
| Taxes | 670/3 | €22,047 | - | -€22,047 | |
| Profit (loss) for the period | 9904 | €55,647 | €143,676 | +€88,029 | +158.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,647 | €143,676 | +€88,029 | +158.2% |
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 8 October 2026 via checked.be.