Itinera-Group: 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.
Itinera-Group
Largest movements
- Receivables within one year -€136,221
down €136,221 (-59.7%), from €228,301 to €92,080
of which Trade receivables: -€219,102
- Cash +€37,749
up €37,749 (+220.1%), from €17,149 to €54,898
mainly Receivables within one year (+€136,221) and Net result for the year (+€4,436)
- Trade debts -€78,766
down €78,766 (-82.2%), from €95,849 to €17,083
- Current portion of long-term debt -€26,703
no longer reported in 2025 (was €26,703)
- Profit (loss) carried forward +€4,436
up €4,436 (+4.9%), from -€90,247 to -€85,811
- Gross operating margin -€166,004
down €166,004 (-92.9%), from €178,615 to €12,611
- Taxes -€26,219
down €26,219 (-93.6%), from €28,010 to €1,791
- Financial charges +€2,861
up €2,861 (+478.2%), from €598 to €3,459
of which Financial charges: +€2,845
- Other operating charges +€2,327
new in 2025: €2,327
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 | €246,220 | €146,978 | -€99,242 | -40.3% |
| Fixed assets | 21/28 | €115 | - | -€115 | |
| Tangible fixed assets | 22/27 | €115 | - | -€115 | |
| Furniture and vehicles | 24 | €115 | - | -€115 | |
| Current assets | 29/58 | €246,105 | €146,978 | -€99,128 | -40.3% |
| Amounts receivable within one year | 40/41 | €228,301 | €92,080 | -€136,221 | -59.7% |
| Trade receivables | 40 | €219,102 | - | -€219,102 | |
| Other amounts receivable | 41 | €9,199 | €92,080 | +€82,881 | +901.0% |
| Cash at bank and in hand | 54/58 | €17,149 | €54,898 | +€37,749 | +220.1% |
| Deferred charges and accrued income | 490/1 | €656 | - | -€656 | |
| Total equity and liabilities | 10/49 | €246,220 | €146,978 | -€99,242 | -40.3% |
| Equity | 10/15 | €95,693 | €100,129 | +€4,436 | +4.6% |
| Contributions | 10/11 | €185,660 | €185,660 | = | 0.0% |
| Capital | 10 | €185,660 | €185,660 | = | 0.0% |
| Issued capital | 100 | €185,660 | €185,660 | = | 0.0% |
| Reserves | 13 | €280 | €280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €280 | €280 | = | 0.0% |
| Legal reserve | 130 | €280 | €280 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,247 | -€85,811 | +€4,436 | +4.9% |
| Amounts payable | 17/49 | €150,528 | €46,849 | -€103,679 | -68.9% |
| Amounts payable within one year | 42/48 | €150,528 | €46,849 | -€103,679 | -68.9% |
| Current portion of amounts payable after more than one year | 42 | €26,703 | - | -€26,703 | |
| Trade debts | 44 | €95,849 | €17,083 | -€78,766 | -82.2% |
| Suppliers | 440/4 | €95,849 | €17,083 | -€78,766 | -82.2% |
| Taxes, remuneration and social security | 45 | €27,975 | €29,766 | +€1,791 | +6.4% |
| Taxes | 450/3 | €27,975 | €29,766 | +€1,791 | +6.4% |
| Non-recurring operating income | 76A | - | €6,024 | +€6,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €115 | -€185 | -61.8% |
| Other operating charges | 640/8 | - | €2,327 | +€2,327 | |
| Non-recurring operating charges | 66A | - | €483 | +€483 | |
| Gross operating margin | 9900 | €178,615 | €12,611 | -€166,004 | -92.9% |
| Operating profit (loss) | 9901 | €178,315 | €9,686 | -€168,629 | -94.6% |
| Financial income | 75/76B | €66 | - | -€66 | |
| Recurring financial income | 75 | €66 | - | -€66 | |
| Financial charges | 65/66B | €598 | €3,459 | +€2,861 | +478.2% |
| Recurring financial charges | 65 | €598 | €3,444 | +€2,845 | +475.6% |
| Non-recurring financial charges | 66B | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | €177,783 | €6,227 | -€171,556 | -96.5% |
| Income taxes | 67/77 | €28,010 | €1,791 | -€26,219 | -93.6% |
| Profit (loss) for the period | 9904 | €149,773 | €4,436 | -€145,337 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €149,773 | €4,436 | -€145,337 | -97.0% |
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 12 October 2026 via checked.be.