ITK: 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.
ITK
Largest movements
- Receivables within one year -€83,534
down €83,534 (-85.3%), from €97,927 to €14,393
of which Trade receivables: -€82,299
- Tangible fixed assets -€25,590
down €25,590 (-34.4%), from €74,329 to €48,738
of which Furniture and vehicles: -€24,874
- Cash +€11,361
up €11,361 (+120%), from €9,492 to €20,853
mainly Receivables within one year (+€83,534) and Depreciation (+€25,920)
- Deferred charges and accrued income -€4,888
down €4,888 (-97.8%), from €5,000 to €112
- Profit (loss) carried forward -€77,946
down €77,946, from €14,666 to -€63,280
- Trade debts -€23,952
down €23,952 (-37.0%), from €64,811 to €40,859
- Debts after one year -€17,483
down €17,483 (-36.5%), from €47,893 to €30,410
- Other debts +€16,643
up €16,643 (+305%), from €5,450 to €22,093
- Gross operating margin -€74,607
down €74,607 (-29.3%), from €254,863 to €180,256
- Staff costs -€11,761
down €11,761 (-5.8%), from €203,438 to €191,676
- Taxes -€5,557
down €5,557 (-94.9%), from €5,857 to €300
- Depreciation -€3,145
down €3,145 (-10.8%), from €29,065 to €25,920
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 | €192,773 | €90,121 | -€102,652 | -53.3% |
| Fixed assets | 21/28 | €74,519 | €48,928 | -€25,590 | -34.3% |
| Tangible fixed assets | 22/27 | €74,329 | €48,738 | -€25,590 | -34.4% |
| Plant, machinery and equipment | 23 | €2,280 | €1,564 | -€716 | -31.4% |
| Furniture and vehicles | 24 | €72,049 | €47,174 | -€24,874 | -34.5% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €118,254 | €41,193 | -€77,061 | -65.2% |
| Stocks and contracts in progress | 3 | €5,835 | €5,835 | = | 0.0% |
| Stocks | 30/36 | €5,835 | €5,835 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,927 | €14,393 | -€83,534 | -85.3% |
| Trade receivables | 40 | €86,204 | €3,905 | -€82,299 | -95.5% |
| Other amounts receivable | 41 | €11,723 | €10,488 | -€1,235 | -10.5% |
| Cash at bank and in hand | 54/58 | €9,492 | €20,853 | +€11,361 | +120% |
| Deferred charges and accrued income | 490/1 | €5,000 | €112 | -€4,888 | -97.8% |
| Total equity and liabilities | 10/49 | €192,773 | €90,121 | -€102,652 | -53.3% |
| Equity | 10/15 | €45,126 | -€32,820 | -€77,946 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,666 | -€63,280 | -€77,946 | |
| Amounts payable | 17/49 | €147,647 | €122,941 | -€24,706 | -16.7% |
| Amounts payable after more than one year | 17 | €47,893 | €30,410 | -€17,483 | -36.5% |
| Financial debts | 170/4 | €47,893 | €30,410 | -€17,483 | -36.5% |
| Amounts payable within one year | 42/48 | €99,754 | €92,531 | -€7,223 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €17,855 | €17,483 | -€372 | -2.1% |
| Trade debts | 44 | €64,811 | €40,859 | -€23,952 | -37.0% |
| Suppliers | 440/4 | €64,811 | €40,859 | -€23,952 | -37.0% |
| Taxes, remuneration and social security | 45 | €11,638 | €12,097 | +€459 | +3.9% |
| Taxes | 450/3 | €5,857 | €6,201 | +€344 | +5.9% |
| Remuneration and social security | 454/9 | €5,782 | €5,896 | +€114 | +2.0% |
| Other amounts payable | 47/48 | €5,450 | €22,093 | +€16,643 | +305% |
| Remuneration, social security and pensions | 62 | €203,438 | €191,676 | -€11,761 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,065 | €25,920 | -€3,145 | -10.8% |
| Other operating charges | 640/8 | €771 | €800 | +€29 | +3.7% |
| Non-recurring operating charges | 66A | - | €36,491 | +€36,491 | |
| Gross operating margin | 9900 | €254,863 | €180,256 | -€74,607 | -29.3% |
| Operating profit (loss) | 9901 | €21,589 | -€74,632 | -€96,221 | |
| Financial income | 75/76B | - | €396 | +€396 | |
| Recurring financial income | 75 | - | €396 | +€396 | |
| Financial charges | 65/66B | €4,356 | €3,410 | -€946 | -21.7% |
| Recurring financial charges | 65 | €4,356 | €3,410 | -€946 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €17,233 | -€77,646 | -€94,880 | |
| Income taxes | 67/77 | €5,857 | €300 | -€5,557 | -94.9% |
| Profit (loss) for the period | 9904 | €11,376 | -€77,946 | -€89,323 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,376 | -€77,946 | -€89,323 |
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 14 October 2026 via checked.be.