itinco: 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.
itinco
Largest movements
- Cash +€26,115
up €26,115 (+9.5%), from €274,283 to €300,399
mainly Net result for the year (+€44,827) and Depreciation (+€13,755)
- Reserves +€44,827
up €44,827 (+33.7%), from €133,117 to €177,944
- Debts after one year -€18,648
down €18,648 (-44.3%), from €42,077 to €23,429
- Tax, wage and social debts +€4,494
up €4,494 (+39.3%), from €11,436 to €15,930
of which Taxes: +€4,470
- Gross operating margin -€17,325
down €17,325 (-17.9%), from €96,657 to €79,332
- Taxes -€5,336
down €5,336 (-22.9%), from €23,260 to €17,924
- Depreciation +€1,953
up €1,953 (+16.5%), from €11,802 to €13,755
- Financial charges +€1,026
up €1,026 (+71.1%), from €1,443 to €2,469
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 | €400,455 | €431,266 | +€30,811 | +7.7% |
| Fixed assets | 21/28 | €100,919 | €102,626 | +€1,707 | +1.7% |
| Tangible fixed assets | 22/27 | €100,919 | €102,626 | +€1,707 | +1.7% |
| Land and buildings | 22 | €93,159 | €84,737 | -€8,422 | -9.0% |
| Plant, machinery and equipment | 23 | €252 | - | -€252 | |
| Furniture and vehicles | 24 | €7,508 | €17,889 | +€10,381 | +138% |
| Current assets | 29/58 | €299,536 | €328,640 | +€29,104 | +9.7% |
| Amounts receivable within one year | 40/41 | €25,253 | €28,241 | +€2,989 | +11.8% |
| Trade receivables | 40 | €25,253 | €28,241 | +€2,989 | +11.8% |
| Cash at bank and in hand | 54/58 | €274,283 | €300,399 | +€26,115 | +9.5% |
| Total equity and liabilities | 10/49 | €400,455 | €431,266 | +€30,811 | +7.7% |
| Equity | 10/15 | €335,085 | €379,912 | +€44,827 | +13.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €133,117 | €177,944 | +€44,827 | +33.7% |
| Distributable reserves | 133 | €133,117 | €177,944 | +€44,827 | +33.7% |
| Profit (loss) carried forward | 14 | €189,567 | €189,567 | = | 0.0% |
| Amounts payable | 17/49 | €65,371 | €51,354 | -€14,017 | -21.4% |
| Amounts payable after more than one year | 17 | €42,077 | €23,429 | -€18,648 | -44.3% |
| Financial debts | 170/4 | €42,077 | €23,429 | -€18,648 | -44.3% |
| Amounts payable within one year | 42/48 | €23,293 | €27,925 | +€4,631 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €10,031 | €7,148 | -€2,883 | -28.7% |
| Financial debts | 43 | - | €1,017 | +€1,017 | |
| Credit institutions | 430/8 | - | €1,017 | +€1,017 | |
| Trade debts | 44 | €1,827 | €3,830 | +€2,004 | +110% |
| Suppliers | 440/4 | €1,827 | €3,830 | +€2,004 | +110% |
| Taxes, remuneration and social security | 45 | €11,436 | €15,930 | +€4,494 | +39.3% |
| Taxes | 450/3 | €8,179 | €12,648 | +€4,470 | +54.6% |
| Remuneration and social security | 454/9 | €3,257 | €3,281 | +€25 | +0.8% |
| Non-recurring operating income | 76A | - | €285 | +€285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,802 | €13,755 | +€1,953 | +16.5% |
| Other operating charges | 640/8 | €1,095 | €1,273 | +€178 | +16.2% |
| Gross operating margin | 9900 | €96,657 | €79,332 | -€17,325 | -17.9% |
| Operating profit (loss) | 9901 | €83,759 | €64,304 | -€19,456 | -23.2% |
| Financial income | 75/76B | €111 | €916 | +€805 | +722% |
| Recurring financial income | 75 | €111 | €916 | +€805 | +722% |
| Financial charges | 65/66B | €1,443 | €2,469 | +€1,026 | +71.1% |
| Recurring financial charges | 65 | €1,443 | €2,469 | +€1,026 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €82,428 | €62,751 | -€19,677 | -23.9% |
| Income taxes | 67/77 | €23,260 | €17,924 | -€5,336 | -22.9% |
| Profit (loss) for the period | 9904 | €59,168 | €44,827 | -€14,341 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,168 | €44,827 | -€14,341 | -24.2% |
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.