ITINERANCES 2020: 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.
ITINERANCES 2020
Largest movements
- Cash -€5,818
down €5,818 (-4.0%), from €144,551 to €138,733
mainly Contributions, distributions and other (-€128,572) and Other debts (-€10,566)
- Tangible fixed assets -€4,639
down €4,639 (-39.7%), from €11,675 to €7,036
- Receivables within one year -€1,802
no longer reported in 2025 (was €1,802)
- Other debts -€10,566
down €10,566 (-7.0%), from €150,646 to €140,079
- Debts after one year -€2,291
down €2,291 (-70.4%), from €3,256 to €965
- Gross operating margin -€15,198
down €15,198 (-8.2%), from €186,405 to €171,207
- Taxes -€3,927
down €3,927 (-9.5%), from €41,149 to €37,222
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 | €158,309 | €146,556 | -€11,753 | -7.4% |
| Fixed assets | 21/28 | €11,884 | €7,711 | -€4,173 | -35.1% |
| Tangible fixed assets | 22/27 | €11,675 | €7,036 | -€4,639 | -39.7% |
| Furniture and vehicles | 24 | €11,675 | €7,036 | -€4,639 | -39.7% |
| Financial fixed assets | 28 | €209 | €675 | +€466 | +223% |
| Current assets | 29/58 | €146,425 | €138,845 | -€7,580 | -5.2% |
| Amounts receivable within one year | 40/41 | €1,802 | - | -€1,802 | |
| Trade receivables | 40 | €1,802 | - | -€1,802 | |
| Cash at bank and in hand | 54/58 | €144,551 | €138,733 | -€5,818 | -4.0% |
| Deferred charges and accrued income | 490/1 | €72 | €112 | +€41 | +56.7% |
| Total equity and liabilities | 10/49 | €158,309 | €146,556 | -€11,753 | -7.4% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €157,309 | €145,556 | -€11,753 | -7.5% |
| Amounts payable after more than one year | 17 | €3,256 | €965 | -€2,291 | -70.4% |
| Financial debts | 170/4 | €3,256 | €965 | -€2,291 | -70.4% |
| Amounts payable within one year | 42/48 | €154,052 | €144,590 | -€9,462 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €2,257 | €2,291 | +€34 | +1.5% |
| Trade debts | 44 | - | €50 | +€50 | |
| Suppliers | 440/4 | - | €50 | +€50 | |
| Taxes, remuneration and social security | 45 | €1,149 | €2,170 | +€1,021 | +88.8% |
| Taxes | 450/3 | €1,149 | €2,170 | +€1,021 | +88.8% |
| Other amounts payable | 47/48 | €150,646 | €140,079 | -€10,566 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,326 | €4,639 | +€313 | +7.2% |
| Other operating charges | 640/8 | €564 | €582 | +€18 | +3.3% |
| Gross operating margin | 9900 | €186,405 | €171,207 | -€15,198 | -8.2% |
| Operating profit (loss) | 9901 | €181,515 | €165,986 | -€15,529 | -8.6% |
| Financial charges | 65/66B | €229 | €192 | -€37 | -16.3% |
| Recurring financial charges | 65 | €229 | €192 | -€37 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €181,286 | €165,794 | -€15,492 | -8.5% |
| Income taxes | 67/77 | €41,149 | €37,222 | -€3,927 | -9.5% |
| Profit (loss) for the period | 9904 | €140,137 | €128,572 | -€11,565 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,137 | €128,572 | -€11,565 | -8.3% |
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 24 October 2026 via checked.be.