ITINERIS: 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.
What changed
ITINERIS
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7.8m
2024 · €7.9m-€14,415
Equity
€29.5m
2024 · €62.7m-€33.2m
Cash
€5.1m
2024 · €39.6m-€34.5m
Balance sheet total
€49.7m
2024 · €95.5m-€45.7m
Largest movements
Assets
- Cash -€34.5m
down €34.5m (-87.2%), from €39.6m to €5.1m
mainly Contributions, distributions and other (-€41.1m) and Other debts (-€8.4m)
- Financial fixed assets -€11.3m
down €11.3m (-35.7%), from €31.7m to €20.4m
of which Affiliated companies: -€11.4m
Equity and liabilities
- Contributions -€36.6m
down €36.6m (-56.8%), from €64.4m to €27.8m
of which Contributions outside capital: -€36.6m
- Other debts -€8.4m
down €8.4m (-53.2%), from €15.8m to €7.4m
- Profit (loss) carried forward +€4.0m
up €4.0m, from -€2.5m to €1.5m
- Accrued charges and deferred income -€2.2m
down €2.2m (-32.8%), from €6.9m to €4.6m
- Trade debts -€2.0m
down €2.0m (-32.4%), from €6.1m to €4.1m
Income statement
- Turnover +€6.7m
up €6.7m (+10.4%), from €64.6m to €71.4m
- Staff costs +€1.6m
up €1.6m (+7.8%), from €21.1m to €22.7m
- Goods and materials +€1.6m
up €1.6m (+6.4%), from €24.3m to €25.8m
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.
Result 2024
€7.9m
Turnover
+€6.7m
Other operating income
+€146,381
Goods and materials
-€1.6m
Services and other goods
-€338,462
Staff costs
-€1.6m
Depreciation
-€121,957
Write-downs
-€32,562
Provisions
+€12,954
Other operating charges
+€63,671
Other operating items
-€3.1m
Financial income
-€484,998
Financial charges
+€355,867
Taxes
-€22,504
Result 2025
€7.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€112,695
Investment
+€6.7m
Financing
-€41.1m
Cash 2024
€39.6m
From operations (derived)
-€112,695
Net result for the year
+€7.8m
Depreciation
+€4.5m
Receivables after one year
+€935,210
Receivables within one year
-€787,224
Deferred charges and accrued income
-€110,809
Smaller working-capital items
+€88,952
Trade debts
-€2.0m
Other debts
-€8.4m
Accrued charges and deferred income
-€2.2m
Investment (derived)
+€6.7m
Investment in fixed assets (net)
+€6.7m
Financing
-€41.1m
Contributions, distributions and other
-€41.1m
Cash 2025
€5.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,471,853 | €49,740,390 | -€45.7m | -47.9% |
| Fixed assets | 21/28 | €43,424,906 | €32,229,717 | -€11.2m | -25.8% |
| Intangible fixed assets | 21 | €11,268,678 | €11,174,235 | -€94,443 | -0.8% |
| Tangible fixed assets | 22/27 | €449,035 | €666,249 | +€217,214 | +48.4% |
| Furniture and vehicles | 24 | €329,519 | €534,055 | +€204,536 | +62.1% |
| Other tangible fixed assets | 26 | €119,516 | €132,194 | +€12,678 | +10.6% |
| Financial fixed assets | 28 | €31,707,193 | €20,389,233 | -€11.3m | -35.7% |
| Affiliated companies | 280/1 | €31,673,535 | €20,250,988 | -€11.4m | -36.1% |
| Participating interests | 280 | €31,673,535 | €16,315,173 | -€15.4m | -48.5% |
| Amounts receivable | 281 | - | €3,935,815 | +€3.9m | |
| Other financial fixed assets | 284/8 | €33,658 | €138,245 | +€104,587 | +311% |
| Amounts receivable and cash guarantees | 285/8 | €33,658 | €138,245 | +€104,587 | +311% |
| Current assets | 29/58 | €52,046,947 | €17,510,673 | -€34.5m | -66.4% |
| Amounts receivable after more than one year | 29 | €1,187,681 | €252,471 | -€935,210 | -78.7% |
| Other amounts receivable | 291 | €1,187,681 | €252,471 | -€935,210 | -78.7% |
| Amounts receivable within one year | 40/41 | €10,862,086 | €11,649,310 | +€787,224 | +7.2% |
| Trade receivables | 40 | €9,802,056 | €8,858,097 | -€943,959 | -9.6% |
| Other amounts receivable | 41 | €1,060,030 | €2,791,213 | +€1.7m | +163% |
| Cash at bank and in hand | 54/58 | €39,558,815 | €5,059,718 | -€34.5m | -87.2% |
| Deferred charges and accrued income | 490/1 | €438,365 | €549,174 | +€110,809 | +25.3% |
| Total equity and liabilities | 10/49 | €95,471,853 | €49,740,390 | -€45.7m | -47.9% |
| Equity | 10/15 | €62,732,894 | €29,508,617 | -€33.2m | -53.0% |
| Contributions | 10/11 | €64,418,589 | €27,849,759 | -€36.6m | -56.8% |
| Capital | 10 | €1,545,889 | €1,609,017 | +€63,128 | +4.1% |
| Issued capital | 100 | €1,545,889 | €1,609,017 | +€63,128 | +4.1% |
| Contributions outside capital | 11 | €62,872,700 | €26,240,742 | -€36.6m | -58.3% |
| Share premium | 1100/10 | €62,872,700 | €26,240,742 | -€36.6m | -58.3% |
| Reserves | 13 | €825,938 | €160,902 | -€665,036 | -80.5% |
| Non-distributable reserves | 130/1 | €53,700 | €160,902 | +€107,202 | +200% |
| Legal reserve | 130 | €53,700 | €160,902 | +€107,202 | +200% |
| Distributable reserves | 133 | €772,238 | - | -€772,238 | |
| Profit (loss) carried forward | 14 | -€2,511,633 | €1,497,956 | +€4.0m | |
| Provisions and deferred taxes | 16 | €167,261 | €184,811 | +€17,550 | +10.5% |
| Provisions for liabilities and charges | 160/5 | €167,261 | €184,811 | +€17,550 | +10.5% |
| Pensions and similar obligations | 160 | €167,261 | €184,811 | +€17,550 | +10.5% |
| Amounts payable | 17/49 | €32,571,698 | €20,046,962 | -€12.5m | -38.5% |
| Amounts payable within one year | 42/48 | €25,705,277 | €15,430,263 | -€10.3m | -40.0% |
| Trade debts | 44 | €6,070,093 | €4,100,807 | -€2.0m | -32.4% |
| Suppliers | 440/4 | €6,070,093 | €4,100,807 | -€2.0m | -32.4% |
| Taxes, remuneration and social security | 45 | €3,877,501 | €3,948,903 | +€71,402 | +1.8% |
| Taxes | 450/3 | €17,462 | €26,449 | +€8,987 | +51.5% |
| Remuneration and social security | 454/9 | €3,860,039 | €3,922,454 | +€62,415 | +1.6% |
| Other amounts payable | 47/48 | €15,757,683 | €7,380,553 | -€8.4m | -53.2% |
| Accrued charges and deferred income | 492/3 | €6,866,421 | €4,616,699 | -€2.2m | -32.8% |
| Operating income | 70/76A | €70,913,800 | €77,832,992 | +€6.9m | +9.8% |
| Turnover | 70 | €64,614,911 | €71,360,064 | +€6.7m | +10.4% |
| Own construction capitalised | 72 | €4,123,122 | €4,153,301 | +€30,179 | +0.7% |
| Other operating income | 74 | €2,173,246 | €2,319,627 | +€146,381 | +6.7% |
| Non-recurring operating income | 76A | €2,521 | - | -€2,521 | |
| Operating charges | 60/66A | €62,599,269 | €69,381,241 | +€6.8m | +10.8% |
| Goods for resale, raw materials and consumables | 60 | €24,281,629 | €25,847,179 | +€1.6m | +6.4% |
| Purchases | 600/8 | €24,281,629 | €25,847,179 | +€1.6m | +6.4% |
| Services and other goods | 61 | €12,677,830 | €13,016,292 | +€338,462 | +2.7% |
| Remuneration, social security and pensions | 62 | €21,063,247 | €22,706,626 | +€1.6m | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,390,804 | €4,512,761 | +€121,957 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€32,562 | - | +€32,562 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €30,504 | €17,550 | -€12,954 | -42.5% |
| Other operating charges | 640/8 | €187,529 | €123,858 | -€63,671 | -34.0% |
| Non-recurring operating charges | 66A | €288 | €3,156,975 | +€3.2m | +1,096,072% |
| Operating profit (loss) | 9901 | €8,314,531 | €8,451,751 | +€137,220 | +1.7% |
| Financial income | 75/76B | €1,158,630 | €673,632 | -€484,998 | -41.9% |
| Recurring financial income | 75 | €1,158,630 | €673,632 | -€484,998 | -41.9% |
| Income from financial fixed assets | 750 | €878,662 | €485,381 | -€393,281 | -44.8% |
| Income from current assets | 751 | €31,217 | €51,072 | +€19,855 | +63.6% |
| Other financial income | 752/9 | €248,751 | €137,179 | -€111,572 | -44.9% |
| Financial charges | 65/66B | €1,195,289 | €839,422 | -€355,867 | -29.8% |
| Recurring financial charges | 65 | €1,195,289 | €839,422 | -€355,867 | -29.8% |
| Debt charges | 650 | €682,285 | €591,284 | -€91,001 | -13.3% |
| Other financial charges | 652/9 | €513,004 | €248,138 | -€264,866 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €8,277,872 | €8,285,961 | +€8,089 | +0.1% |
| Income taxes | 67/77 | €418,904 | €441,408 | +€22,504 | +5.4% |
| Taxes | 670/3 | €908,182 | €900,037 | -€8,145 | -0.9% |
| Tax adjustments and reversals of tax provisions | 77 | €489,278 | €458,629 | -€30,649 | -6.3% |
| Profit (loss) for the period | 9904 | €7,858,968 | €7,844,553 | -€14,415 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,858,968 | €7,844,553 | -€14,415 | -0.2% |
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 13 October 2026 via checked.be.