ITMA Services: 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.
ITMA Services
Largest movements
- Receivables within one year +€2.7m
up €2.7m (+73.3%), from €3.7m to €6.4m
of which Trade receivables: +€2.7m
- Deferred charges and accrued income +€1.9m
up €1.9m (+8187.5%), from €23,310 to €1.9m
- Stocks and contracts -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Current investments -€800,000
down €800,000 (-100.0%), from €800,000 to €0
- Cash -€330,195
down €330,195 (-26.3%), from €1.3m to €927,008
mainly Trade debts (-€2.7m) and Receivables within one year (-€2.7m)
- Other debts +€3.7m
new in 2025: €3.7m
- Trade debts -€2.7m
down €2.7m (-45.6%), from €5.9m to €3.2m
- Accrued charges and deferred income +€1.4m
new in 2025: €1.4m
- Advances received -€110,118
down €110,118 (-74.4%), from €147,961 to €37,843
- Purchases and services -€3.8m
down €3.8m (-49.7%), from €7.7m to €3.9m
- Turnover -€737,829
down €737,829 (-11.8%), from €6.2m to €5.5m
- Gross operating margin +€681,857
up €681,857, from -€273,454 to €408,403
- Financial charges +€379,728
up €379,728 (+651.0%), from €58,329 to €438,057
- Financial income -€301,752
down €301,752 (-87.5%), from €344,715 to €42,963
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 | €7,054,816 | €9,328,879 | +€2.3m | +32.2% |
| Fixed assets | 21/28 | €65,678 | €65,678 | = | 0.0% |
| Financial fixed assets | 28 | €65,678 | €65,678 | = | 0.0% |
| Current assets | 29/58 | €6,989,138 | €9,263,200 | +€2.3m | +32.5% |
| Stocks and contracts in progress | 3 | €1,213,486 | €0 | -€1.2m | -100.0% |
| Contracts in progress | 37 | €1,213,486 | €0 | -€1.2m | -100.0% |
| Amounts receivable within one year | 40/41 | €3,695,138 | €6,404,335 | +€2.7m | +73.3% |
| Trade receivables | 40 | €3,623,136 | €6,352,839 | +€2.7m | +75.3% |
| Other amounts receivable | 41 | €72,002 | €51,496 | -€20,506 | -28.5% |
| Current investments | 50/53 | €800,000 | €0 | -€800,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,257,203 | €927,008 | -€330,195 | -26.3% |
| Deferred charges and accrued income | 490/1 | €23,310 | €1,931,857 | +€1.9m | +8187.5% |
| Total equity and liabilities | 10/49 | €7,054,816 | €9,328,879 | +€2.3m | +32.2% |
| Equity | 10/15 | €963,097 | €971,856 | +€8,759 | +0.9% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €3,155 | €3,593 | +€438 | +13.9% |
| Non-distributable reserves | 130/1 | €3,155 | €3,593 | +€438 | +13.9% |
| Legal reserve | 130 | €3,155 | €3,593 | +€438 | +13.9% |
| Profit (loss) carried forward | 14 | €59,942 | €68,263 | +€8,321 | +13.9% |
| Amounts payable | 17/49 | €6,091,720 | €8,357,023 | +€2.3m | +37.2% |
| Amounts payable within one year | 42/48 | €6,091,720 | €6,942,523 | +€850,803 | +14.0% |
| Trade debts | 44 | €5,940,647 | €3,230,408 | -€2.7m | -45.6% |
| Suppliers | 440/4 | €5,940,647 | €3,230,408 | -€2.7m | -45.6% |
| Advances received on contracts in progress | 46 | €147,961 | €37,843 | -€110,118 | -74.4% |
| Taxes, remuneration and social security | 45 | €3,112 | €4,237 | +€1,126 | +36.2% |
| Taxes | 450/3 | €3,112 | €4,237 | +€1,126 | +36.2% |
| Other amounts payable | 47/48 | - | €3,670,034 | +€3.7m | |
| Accrued charges and deferred income | 492/3 | - | €1,414,500 | +€1.4m | |
| Turnover | 70 | €6,227,764 | €5,489,935 | -€737,829 | -11.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,731,984 | €3,891,168 | -€3.8m | -49.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €83 | €0 | -€83 | -100.0% |
| Other operating charges | 640/8 | €0 | €998 | +€998 | |
| Gross operating margin | 9900 | -€273,454 | €408,403 | +€681,857 | |
| Operating profit (loss) | 9901 | -€273,538 | €407,404 | +€680,942 | |
| Financial income | 75/76B | €344,715 | €42,963 | -€301,752 | -87.5% |
| Recurring financial income | 75 | €344,715 | €42,963 | -€301,752 | -87.5% |
| Financial charges | 65/66B | €58,329 | €438,057 | +€379,728 | +651.0% |
| Recurring financial charges | 65 | €58,329 | €438,057 | +€379,728 | +651.0% |
| Profit (loss) for the period before taxes | 9903 | €12,849 | €12,310 | -€538 | -4.2% |
| Income taxes | 67/77 | €3,881 | €3,551 | -€330 | -8.5% |
| Profit (loss) for the period | 9904 | €8,967 | €8,759 | -€208 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,967 | €8,759 | -€208 | -2.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.