ITINERIS: 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.
ITINERIS
Largest movements
- Tangible fixed assets -€30,450
down €30,450 (-12.5%), from €243,950 to €213,499
of which Land and buildings: -€23,063
- Current investments +€26,125
up €26,125 (+11.4%), from €229,646 to €255,771
- Deferred charges and accrued income +€11,528
new in 2025: €11,528
- Cash +€10,498
up €10,498 (+7.0%), from €150,043 to €160,540
mainly Net result for the year (+€74,820) and Depreciation (+€39,503)
- Accrued charges and deferred income +€21,385
up €21,385 (+391.4%), from €5,464 to €26,849
- Reserves +€13,027
up €13,027 (+2.7%), from €483,631 to €496,658
- Tax, wage and social debts -€10,000
down €10,000 (-54.7%), from €18,283 to €8,283
of which Taxes: -€8,903
- Trade debts -€9,350
down €9,350 (-64.6%), from €14,471 to €5,121
- Gross operating margin -€30,891
down €30,891 (-16.6%), from €186,475 to €155,584
- Financial charges -€19,667
down €19,667 (-72.2%), from €27,248 to €7,581
- Taxes -€8,303
down €8,303 (-21.8%), from €38,026 to €29,723
- Financial income +€2,915
up €2,915 (+1983.0%), from €147 to €3,062
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 | €652,699 | €670,422 | +€17,723 | +2.7% |
| Fixed assets | 21/28 | €243,990 | €213,539 | -€30,450 | -12.5% |
| Tangible fixed assets | 22/27 | €243,950 | €213,499 | -€30,450 | -12.5% |
| Land and buildings | 22 | €218,309 | €195,246 | -€23,063 | -10.6% |
| Furniture and vehicles | 24 | €25,406 | €18,136 | -€7,270 | -28.6% |
| Other tangible fixed assets | 26 | €235 | €117 | -€117 | -50.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €408,710 | €456,883 | +€48,173 | +11.8% |
| Amounts receivable within one year | 40/41 | €29,021 | €29,043 | +€22 | +0.1% |
| Trade receivables | 40 | €29,021 | €21,708 | -€7,312 | -25.2% |
| Other amounts receivable | 41 | - | €7,335 | +€7,335 | |
| Current investments | 50/53 | €229,646 | €255,771 | +€26,125 | +11.4% |
| Cash at bank and in hand | 54/58 | €150,043 | €160,540 | +€10,498 | +7.0% |
| Deferred charges and accrued income | 490/1 | - | €11,528 | +€11,528 | |
| Total equity and liabilities | 10/49 | €652,699 | €670,422 | +€17,723 | +2.7% |
| Equity | 10/15 | €502,181 | €515,208 | +€13,027 | +2.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €483,631 | €496,658 | +€13,027 | +2.7% |
| Distributable reserves | 133 | €483,631 | €496,658 | +€13,027 | +2.7% |
| Amounts payable | 17/49 | €150,518 | €155,214 | +€4,696 | +3.1% |
| Amounts payable within one year | 42/48 | €145,054 | €128,365 | -€16,690 | -11.5% |
| Trade debts | 44 | €14,471 | €5,121 | -€9,350 | -64.6% |
| Suppliers | 440/4 | €14,471 | €5,121 | -€9,350 | -64.6% |
| Advances received on contracts in progress | 46 | €16,000 | €20,400 | +€4,400 | +27.5% |
| Taxes, remuneration and social security | 45 | €18,283 | €8,283 | -€10,000 | -54.7% |
| Taxes | 450/3 | €17,186 | €8,283 | -€8,903 | -51.8% |
| Remuneration and social security | 454/9 | €1,096 | - | -€1,096 | |
| Other amounts payable | 47/48 | €96,300 | €94,561 | -€1,740 | -1.8% |
| Accrued charges and deferred income | 492/3 | €5,464 | €26,849 | +€21,385 | +391.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,178 | €39,503 | +€1,324 | +3.5% |
| Other operating charges | 640/8 | €7,672 | €7,019 | -€654 | -8.5% |
| Gross operating margin | 9900 | €186,475 | €155,584 | -€30,891 | -16.6% |
| Operating profit (loss) | 9901 | €140,625 | €109,063 | -€31,562 | -22.4% |
| Financial income | 75/76B | €147 | €3,062 | +€2,915 | +1983.0% |
| Recurring financial income | 75 | €147 | €3,062 | +€2,915 | +1983.0% |
| Financial charges | 65/66B | €27,248 | €7,581 | -€19,667 | -72.2% |
| Recurring financial charges | 65 | €27,248 | €7,581 | -€19,667 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €113,524 | €104,544 | -€8,980 | -7.9% |
| Income taxes | 67/77 | €38,026 | €29,723 | -€8,303 | -21.8% |
| Profit (loss) for the period | 9904 | €75,498 | €74,820 | -€677 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,498 | €74,820 | -€677 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.