ITKAN: 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.
ITKAN
Largest movements
- Cash -€26,147
down €26,147 (-86.2%), from €30,320 to €4,172
mainly Advances received (-€34,311) and Receivables within one year (-€10,910)
- Receivables within one year +€10,910
up €10,910 (+16.5%), from €66,152 to €77,062
of which Other amounts receivable: +€6,044
- Advances received -€34,311
no longer reported in 2025 (was €34,311)
- Trade debts +€18,836
up €18,836 (+257%), from €7,343 to €26,180
- Tax, wage and social debts +€2,640
up €2,640 (+91.2%), from €2,895 to €5,535
of which Remuneration and social security: +€2,902
- Profit (loss) carried forward -€2,389
down €2,389 (-7.3%), from €32,524 to €30,135
- Gross operating margin -€14,165
down €14,165 (-31.2%), from €45,331 to €31,166
- Staff costs +€9,107
up €9,107 (+43.6%), from €20,884 to €29,991
- Taxes -€4,504
down €4,504 (-94.5%), from €4,768 to €264
- Financial charges +€2,645
up €2,645 (+1,142%), from €232 to €2,877
of which Financial charges: +€2,597
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 | €97,533 | €82,309 | -€15,224 | -15.6% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €97,033 | €81,809 | -€15,224 | -15.7% |
| Amounts receivable within one year | 40/41 | €66,152 | €77,062 | +€10,910 | +16.5% |
| Trade receivables | 40 | €44,682 | €49,547 | +€4,866 | +10.9% |
| Other amounts receivable | 41 | €21,471 | €27,515 | +€6,044 | +28.2% |
| Cash at bank and in hand | 54/58 | €30,320 | €4,172 | -€26,147 | -86.2% |
| Deferred charges and accrued income | 490/1 | €561 | €575 | +€13 | +2.4% |
| Total equity and liabilities | 10/49 | €97,533 | €82,309 | -€15,224 | -15.6% |
| Equity | 10/15 | €52,984 | €50,595 | -€2,389 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €32,524 | €30,135 | -€2,389 | -7.3% |
| Amounts payable | 17/49 | €44,549 | €31,715 | -€12,834 | -28.8% |
| Amounts payable within one year | 42/48 | €44,549 | €31,715 | -€12,834 | -28.8% |
| Trade debts | 44 | €7,343 | €26,180 | +€18,836 | +257% |
| Suppliers | 440/4 | €7,343 | €26,180 | +€18,836 | +257% |
| Advances received on contracts in progress | 46 | €34,311 | - | -€34,311 | |
| Taxes, remuneration and social security | 45 | €2,895 | €5,535 | +€2,640 | +91.2% |
| Taxes | 450/3 | €2,895 | €2,633 | -€262 | -9.0% |
| Remuneration and social security | 454/9 | - | €2,902 | +€2,902 | |
| Remuneration, social security and pensions | 62 | €20,884 | €29,991 | +€9,107 | +43.6% |
| Other operating charges | 640/8 | €584 | €430 | -€154 | -26.4% |
| Gross operating margin | 9900 | €45,331 | €31,166 | -€14,165 | -31.2% |
| Operating profit (loss) | 9901 | €23,863 | €746 | -€23,117 | -96.9% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €232 | €2,877 | +€2,645 | +1,142% |
| Recurring financial charges | 65 | €232 | €2,829 | +€2,597 | +1,122% |
| Non-recurring financial charges | 66B | - | €48 | +€48 | |
| Profit (loss) for the period before taxes | 9903 | €23,631 | -€2,125 | -€25,757 | |
| Income taxes | 67/77 | €4,768 | €264 | -€4,504 | -94.5% |
| Profit (loss) for the period | 9904 | €18,864 | -€2,389 | -€21,253 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,864 | -€2,389 | -€21,253 |
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 16 October 2026 via checked.be.