ITKAR: 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.
ITKAR
Largest movements
- Cash -€27,863
down €27,863 (-63.4%), from €43,917 to €16,054
mainly Other debts (-€32,978) and Contributions, distributions and other (-€15,724)
- Receivables within one year +€13,990
up €13,990 (+76.7%), from €18,244 to €32,234
of which Other amounts receivable: +€16,725
- Tangible fixed assets -€5,725
down €5,725 (-39.1%), from €14,644 to €8,919
- Deferred charges and accrued income +€967
up €967 (+51.1%), from €1,893 to €2,860
- Other debts -€32,978
down €32,978 (-71.2%), from €46,344 to €13,366
- Tax, wage and social debts +€14,592
up €14,592 (+83.4%), from €17,494 to €32,086
- Profit (loss) carried forward +€12,751
new in 2025: €12,751
- Reserves -€7,968
no longer reported in 2025 (was €7,968)
- Trade debts -€5,027
down €5,027 (-69.3%), from €7,254 to €2,227
- Gross operating margin +€5,036
up €5,036 (+15.9%), from €31,609 to €36,645
- Depreciation +€3,763
up €3,763 (+192%), from €1,962 to €5,725
- Taxes +€1,812
up €1,812 (+25.3%), from €7,147 to €8,959
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 | €79,061 | €60,430 | -€18,631 | -23.6% |
| Fixed assets | 21/28 | €15,007 | €9,282 | -€5,725 | -38.1% |
| Tangible fixed assets | 22/27 | €14,644 | €8,919 | -€5,725 | -39.1% |
| Furniture and vehicles | 24 | €14,644 | €8,919 | -€5,725 | -39.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €64,054 | €51,148 | -€12,906 | -20.1% |
| Amounts receivable within one year | 40/41 | €18,244 | €32,234 | +€13,990 | +76.7% |
| Trade receivables | 40 | €16,080 | €13,345 | -€2,735 | -17.0% |
| Other amounts receivable | 41 | €2,164 | €18,889 | +€16,725 | +773% |
| Cash at bank and in hand | 54/58 | €43,917 | €16,054 | -€27,863 | -63.4% |
| Deferred charges and accrued income | 490/1 | €1,893 | €2,860 | +€967 | +51.1% |
| Total equity and liabilities | 10/49 | €79,061 | €60,430 | -€18,631 | -23.6% |
| Equity | 10/15 | €7,969 | €12,752 | +€4,783 | +60.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €7,968 | - | -€7,968 | |
| Non-distributable reserves | 130/1 | €7,968 | - | -€7,968 | |
| Reserves not available under the articles | 1311 | €7,968 | - | -€7,968 | |
| Profit (loss) carried forward | 14 | - | €12,751 | +€12,751 | |
| Amounts payable | 17/49 | €71,092 | €47,679 | -€23,413 | -32.9% |
| Amounts payable within one year | 42/48 | €71,092 | €47,679 | -€23,413 | -32.9% |
| Trade debts | 44 | €7,254 | €2,227 | -€5,027 | -69.3% |
| Suppliers | 440/4 | €7,254 | €2,227 | -€5,027 | -69.3% |
| Taxes, remuneration and social security | 45 | €17,494 | €32,086 | +€14,592 | +83.4% |
| Taxes | 450/3 | €17,494 | €32,086 | +€14,592 | +83.4% |
| Other amounts payable | 47/48 | €46,344 | €13,366 | -€32,978 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,962 | €5,725 | +€3,763 | +192% |
| Other operating charges | 640/8 | €1,821 | €1,883 | +€62 | +3.4% |
| Gross operating margin | 9900 | €31,609 | €36,645 | +€5,036 | +15.9% |
| Operating profit (loss) | 9901 | €27,826 | €29,037 | +€1,211 | +4.4% |
| Financial income | 75/76B | €133 | €474 | +€341 | +256% |
| Recurring financial income | 75 | €133 | €474 | +€341 | +256% |
| Financial charges | 65/66B | €311 | €46 | -€265 | -85.2% |
| Recurring financial charges | 65 | €311 | €46 | -€265 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €27,648 | €29,465 | +€1,817 | +6.6% |
| Income taxes | 67/77 | €7,147 | €8,959 | +€1,812 | +25.3% |
| Profit (loss) for the period | 9904 | €20,501 | €20,506 | +€5 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,501 | €20,506 | +€5 | 0.0% |
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.