ITmore: 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.
ITmore
Largest movements
- Cash -€18,450
down €18,450 (-94.5%), from €19,519 to €1,069
mainly Net result for the year (-€21,227) and Trade debts (-€11,001)
- Tangible fixed assets -€5,417
down €5,417 (-14.3%), from €37,754 to €32,337
of which Land and buildings: -€4,470
- Reserves -€14,004
down €14,004 (-100.0%), from €14,004 to €0
- Other debts +€13,625
up €13,625 (+101.9%), from €13,371 to €26,997
- Trade debts -€11,001
down €11,001 (-88.9%), from €12,380 to €1,380
- Profit (loss) carried forward -€7,223
new in 2025: -€7,223
- Tax, wage and social debts -€5,250
down €5,250 (-59.7%), from €8,788 to €3,538
of which Taxes: -€6,317
- Gross operating margin +€20,019
up €20,019 (+58.4%), from -€34,278 to -€14,259
- Depreciation -€7,703
down €7,703 (-58.7%), from €13,120 to €5,417
- Taxes -€667
down €667 (-100.0%), from €667 to €0
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 | €58,543 | €34,692 | -€23,851 | -40.7% |
| Fixed assets | 21/28 | €37,754 | €32,337 | -€5,417 | -14.3% |
| Tangible fixed assets | 22/27 | €37,754 | €32,337 | -€5,417 | -14.3% |
| Land and buildings | 22 | €36,402 | €31,932 | -€4,470 | -12.3% |
| Furniture and vehicles | 24 | €1,352 | €404 | -€947 | -70.1% |
| Current assets | 29/58 | €20,789 | €2,355 | -€18,434 | -88.7% |
| Amounts receivable within one year | 40/41 | €575 | €545 | -€30 | -5.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €575 | €545 | -€30 | -5.3% |
| Cash at bank and in hand | 54/58 | €19,519 | €1,069 | -€18,450 | -94.5% |
| Deferred charges and accrued income | 490/1 | €695 | €741 | +€46 | +6.6% |
| Total equity and liabilities | 10/49 | €58,543 | €34,692 | -€23,851 | -40.7% |
| Equity | 10/15 | €24,004 | €2,777 | -€21,227 | -88.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14,004 | €0 | -€14,004 | -100.0% |
| Distributable reserves | 133 | €14,004 | €0 | -€14,004 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€7,223 | -€7,223 | |
| Amounts payable | 17/49 | €34,539 | €31,915 | -€2,625 | -7.6% |
| Amounts payable within one year | 42/48 | €34,539 | €31,915 | -€2,625 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €12,380 | €1,380 | -€11,001 | -88.9% |
| Suppliers | 440/4 | €12,380 | €1,380 | -€11,001 | -88.9% |
| Taxes, remuneration and social security | 45 | €8,788 | €3,538 | -€5,250 | -59.7% |
| Taxes | 450/3 | €6,488 | €170 | -€6,317 | -97.4% |
| Remuneration and social security | 454/9 | €2,300 | €3,368 | +€1,068 | +46.4% |
| Other amounts payable | 47/48 | €13,371 | €26,997 | +€13,625 | +101.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,120 | €5,417 | -€7,703 | -58.7% |
| Other operating charges | 640/8 | €1,093 | €896 | -€197 | -18.0% |
| Gross operating margin | 9900 | -€34,278 | -€14,259 | +€20,019 | +58.4% |
| Operating profit (loss) | 9901 | -€48,491 | -€20,572 | +€27,919 | +57.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €527 | €654 | +€127 | +24.1% |
| Recurring financial charges | 65 | €527 | €654 | +€127 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | -€49,018 | -€21,227 | +€27,792 | +56.7% |
| Income taxes | 67/77 | €667 | €0 | -€667 | -100.0% |
| Profit (loss) for the period | 9904 | -€49,685 | -€21,227 | +€28,458 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,685 | -€21,227 | +€28,458 | +57.3% |
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 10 October 2026 via checked.be.