ITmized: 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.
ITmized
Largest movements
- Cash +€40,939
up €40,939 (+27.1%), from €150,847 to €191,787
mainly Net result for the year (+€62,533) and Depreciation (+€3,945)
- Receivables within one year +€7,454
up €7,454 (+50.3%), from €14,810 to €22,264
of which Other amounts receivable: +€3,969
- Tangible fixed assets -€3,945
down €3,945 (-28.3%), from €13,946 to €10,002
of which Plant, machinery and equipment: -€3,134
- Reserves +€62,533
up €62,533 (+42.8%), from €146,223 to €208,756
- Tax, wage and social debts -€18,146
down €18,146 (-68.0%), from €26,684 to €8,538
- Gross operating margin +€2,021
up €2,021 (+2.5%), from €82,440 to €84,461
- Depreciation +€1,046
up €1,046 (+36.1%), from €2,898 to €3,945
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 | €179,763 | €225,016 | +€45,253 | +25.2% |
| Fixed assets | 21/28 | €13,946 | €10,002 | -€3,945 | -28.3% |
| Tangible fixed assets | 22/27 | €13,946 | €10,002 | -€3,945 | -28.3% |
| Plant, machinery and equipment | 23 | €7,241 | €4,107 | -€3,134 | -43.3% |
| Furniture and vehicles | 24 | €2,438 | €2,166 | -€272 | -11.1% |
| Other tangible fixed assets | 26 | €4,267 | €3,728 | -€539 | -12.6% |
| Current assets | 29/58 | €165,817 | €215,015 | +€49,198 | +29.7% |
| Amounts receivable within one year | 40/41 | €14,810 | €22,264 | +€7,454 | +50.3% |
| Trade receivables | 40 | €14,810 | €18,295 | +€3,485 | +23.5% |
| Other amounts receivable | 41 | - | €3,969 | +€3,969 | |
| Cash at bank and in hand | 54/58 | €150,847 | €191,787 | +€40,939 | +27.1% |
| Deferred charges and accrued income | 490/1 | €159 | €964 | +€804 | +505.2% |
| Total equity and liabilities | 10/49 | €179,763 | €225,016 | +€45,253 | +25.2% |
| Equity | 10/15 | €148,223 | €210,756 | +€62,533 | +42.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €146,223 | €208,756 | +€62,533 | +42.8% |
| Distributable reserves | 133 | €146,223 | €208,756 | +€62,533 | +42.8% |
| Amounts payable | 17/49 | €31,540 | €14,260 | -€17,280 | -54.8% |
| Amounts payable within one year | 42/48 | €31,540 | €14,260 | -€17,280 | -54.8% |
| Trade debts | 44 | €768 | €460 | -€308 | -40.1% |
| Suppliers | 440/4 | €768 | €460 | -€308 | -40.1% |
| Taxes, remuneration and social security | 45 | €26,684 | €8,538 | -€18,146 | -68.0% |
| Taxes | 450/3 | €26,684 | €8,538 | -€18,146 | -68.0% |
| Other amounts payable | 47/48 | €4,089 | €5,262 | +€1,173 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,898 | €3,945 | +€1,046 | +36.1% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €82,440 | €84,461 | +€2,021 | +2.5% |
| Operating profit (loss) | 9901 | €79,424 | €79,997 | +€573 | +0.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,308 | €1,083 | -€225 | -17.2% |
| Recurring financial charges | 65 | €1,308 | €1,083 | -€225 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €78,116 | €78,914 | +€797 | +1.0% |
| Income taxes | 67/77 | €16,221 | €16,381 | +€160 | +1.0% |
| Profit (loss) for the period | 9904 | €61,896 | €62,533 | +€637 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,896 | €62,533 | +€637 | +1.0% |
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.