ITLG: 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.
ITLG
Largest movements
- Receivables within one year -€190,214
down €190,214 (-76.5%), from €248,752 to €58,538
of which Other amounts receivable: -€169,476
- Tangible fixed assets -€32,747
down €32,747 (-6.0%), from €547,051 to €514,303
of which Land and buildings: -€32,526
- Receivables after one year +€30,000
new in 2025: €30,000
- Stocks and contracts +€28,560
new in 2025: €28,560
- Cash +€19,326
up €19,326 (+8.4%), from €230,383 to €249,709
mainly Receivables within one year (+€190,214) and Net result for the year (+€42,309)
- Trade debts -€114,301
down €114,301 (-98.1%), from €116,481 to €2,180
- Debts after one year -€43,859
down €43,859 (-13.0%), from €338,353 to €294,494
- Reserves +€42,309
up €42,309 (+8.8%), from €479,556 to €521,865
of which Distributable reserves: +€42,309
- Accrued charges and deferred income -€15,125
down €15,125 (-100.0%), from €15,125 to €0
- Tax, wage and social debts -€14,966
down €14,966 (-56.1%), from €26,694 to €11,728
- Gross operating margin -€10,867
down €10,867 (-9.4%), from €115,299 to €104,433
- Financial charges -€2,203
down €2,203 (-24.4%), from €9,046 to €6,842
- Taxes +€1,449
up €1,449 (+7.5%), from €19,216 to €20,665
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 | €1,027,103 | €882,672 | -€144,431 | -14.1% |
| Fixed assets | 21/28 | €547,051 | €514,303 | -€32,747 | -6.0% |
| Tangible fixed assets | 22/27 | €547,051 | €514,303 | -€32,747 | -6.0% |
| Land and buildings | 22 | €528,931 | €496,405 | -€32,526 | -6.1% |
| Plant, machinery and equipment | 23 | €1,022 | €801 | -€221 | -21.6% |
| Furniture and vehicles | 24 | €17,097 | €17,097 | = | 0.0% |
| Current assets | 29/58 | €480,052 | €368,368 | -€111,684 | -23.3% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Stocks and contracts in progress | 3 | - | €28,560 | +€28,560 | |
| Stocks | 30/36 | - | €28,560 | +€28,560 | |
| Amounts receivable within one year | 40/41 | €248,752 | €58,538 | -€190,214 | -76.5% |
| Trade receivables | 40 | €38,021 | €17,283 | -€20,738 | -54.5% |
| Other amounts receivable | 41 | €210,731 | €41,255 | -€169,476 | -80.4% |
| Cash at bank and in hand | 54/58 | €230,383 | €249,709 | +€19,326 | +8.4% |
| Deferred charges and accrued income | 490/1 | €917 | €1,561 | +€644 | +70.2% |
| Total equity and liabilities | 10/49 | €1,027,103 | €882,672 | -€144,431 | -14.1% |
| Equity | 10/15 | €487,556 | €529,865 | +€42,309 | +8.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €479,556 | €521,865 | +€42,309 | +8.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €477,556 | €519,865 | +€42,309 | +8.9% |
| Amounts payable | 17/49 | €539,547 | €352,807 | -€186,740 | -34.6% |
| Amounts payable after more than one year | 17 | €338,353 | €294,494 | -€43,859 | -13.0% |
| Financial debts | 170/4 | €338,353 | €294,494 | -€43,859 | -13.0% |
| Amounts payable within one year | 42/48 | €186,069 | €58,313 | -€127,755 | -68.7% |
| Current portion of amounts payable after more than one year | 42 | €42,894 | €43,859 | +€965 | +2.3% |
| Trade debts | 44 | €116,481 | €2,180 | -€114,301 | -98.1% |
| Suppliers | 440/4 | €116,481 | €2,180 | -€114,301 | -98.1% |
| Taxes, remuneration and social security | 45 | €26,694 | €11,728 | -€14,966 | -56.1% |
| Taxes | 450/3 | €26,694 | €11,728 | -€14,966 | -56.1% |
| Other amounts payable | 47/48 | €0 | €545 | +€545 | |
| Accrued charges and deferred income | 492/3 | €15,125 | €0 | -€15,125 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,668 | €32,747 | +€79 | +0.2% |
| Other operating charges | 640/8 | €2,837 | €2,926 | +€89 | +3.1% |
| Gross operating margin | 9900 | €115,299 | €104,433 | -€10,867 | -9.4% |
| Operating profit (loss) | 9901 | €79,794 | €68,759 | -€11,035 | -13.8% |
| Financial income | 75/76B | €428 | €1,057 | +€629 | +146.9% |
| Recurring financial income | 75 | €428 | €1,057 | +€629 | +146.9% |
| Financial charges | 65/66B | €9,046 | €6,842 | -€2,203 | -24.4% |
| Recurring financial charges | 65 | €9,046 | €6,842 | -€2,203 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €71,177 | €62,974 | -€8,203 | -11.5% |
| Income taxes | 67/77 | €19,216 | €20,665 | +€1,449 | +7.5% |
| Profit (loss) for the period | 9904 | €51,960 | €42,309 | -€9,651 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,960 | €42,309 | -€9,651 | -18.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.