ITNM: 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.
ITNM
Largest movements
- Receivables within one year +€9,738
up €9,738 (+55.1%), from €17,670 to €27,408
of which Other amounts receivable: +€9,703
- Stocks and contracts -€8,000
down €8,000 (-100%), from €8,000 to €0
- Deferred charges and accrued income +€2,447
up €2,447 (+306%), from €800 to €3,246
- Tangible fixed assets +€2,379
up €2,379 (+98.8%), from €2,407 to €4,786
- Cash +€1,060
up €1,060 (+11.4%), from €9,274 to €10,334
mainly Net result for the year (+€8,096) and Stocks and contracts (+€8,000)
- Reserves +€8,096
up €8,096 (+46.6%), from €17,378 to €25,474
- Tax, wage and social debts -€1,059
down €1,059 (-6.7%), from €15,802 to €14,743
of which Taxes: -€705
- Trade debts +€472
up €472 (+19.1%), from €2,471 to €2,943
- Gross operating margin +€11,397
up €11,397 (+58.9%), from €19,365 to €30,762
- Staff costs +€7,644
up €7,644 (+666%), from €1,148 to €8,792
- Depreciation +€895
up €895 (+319%), from €281 to €1,175
- Taxes -€779
down €779 (-18.9%), from €4,117 to €3,338
- Other operating charges +€404
up €404 (+69.6%), from €580 to €984
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 | €38,151 | €45,775 | +€7,623 | +20.0% |
| Fixed assets | 21/28 | €2,407 | €4,786 | +€2,379 | +98.8% |
| Tangible fixed assets | 22/27 | €2,407 | €4,786 | +€2,379 | +98.8% |
| Furniture and vehicles | 24 | €2,407 | €4,786 | +€2,379 | +98.8% |
| Current assets | 29/58 | €35,744 | €40,988 | +€5,244 | +14.7% |
| Stocks and contracts in progress | 3 | €8,000 | €0 | -€8,000 | -100% |
| Stocks | 30/36 | €8,000 | €0 | -€8,000 | -100% |
| Amounts receivable within one year | 40/41 | €17,670 | €27,408 | +€9,738 | +55.1% |
| Trade receivables | 40 | €13,165 | €13,200 | +€35 | +0.3% |
| Other amounts receivable | 41 | €4,505 | €14,208 | +€9,703 | +215% |
| Cash at bank and in hand | 54/58 | €9,274 | €10,334 | +€1,060 | +11.4% |
| Deferred charges and accrued income | 490/1 | €800 | €3,246 | +€2,447 | +306% |
| Total equity and liabilities | 10/49 | €38,151 | €45,775 | +€7,623 | +20.0% |
| Equity | 10/15 | €19,878 | €27,974 | +€8,096 | +40.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,378 | €25,474 | +€8,096 | +46.6% |
| Distributable reserves | 133 | €17,378 | €25,474 | +€8,096 | +46.6% |
| Amounts payable | 17/49 | €18,273 | €17,801 | -€472 | -2.6% |
| Amounts payable within one year | 42/48 | €18,273 | €17,801 | -€472 | -2.6% |
| Trade debts | 44 | €2,471 | €2,943 | +€472 | +19.1% |
| Suppliers | 440/4 | €2,471 | €2,943 | +€472 | +19.1% |
| Taxes, remuneration and social security | 45 | €15,802 | €14,743 | -€1,059 | -6.7% |
| Taxes | 450/3 | €15,448 | €14,743 | -€705 | -4.6% |
| Remuneration and social security | 454/9 | €354 | €0 | -€354 | -100% |
| Other amounts payable | 47/48 | €0 | €115 | +€115 | |
| Non-recurring operating income | 76A | €0 | €246 | +€246 | |
| Remuneration, social security and pensions | 62 | €1,148 | €8,792 | +€7,644 | +666% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €1,175 | +€895 | +319% |
| Other operating charges | 640/8 | €580 | €984 | +€404 | +69.6% |
| Non-recurring operating charges | 66A | €0 | €8,000 | +€8,000 | |
| Gross operating margin | 9900 | €19,365 | €30,762 | +€11,397 | +58.9% |
| Operating profit (loss) | 9901 | €17,355 | €11,811 | -€5,545 | -31.9% |
| Financial income | 75/76B | €352 | €2 | -€350 | -99.5% |
| Recurring financial income | 75 | €352 | €2 | -€350 | -99.5% |
| Financial charges | 65/66B | €276 | €378 | +€102 | +37.1% |
| Recurring financial charges | 65 | €276 | €378 | +€102 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €17,432 | €11,434 | -€5,998 | -34.4% |
| Income taxes | 67/77 | €4,117 | €3,338 | -€779 | -18.9% |
| Profit (loss) for the period | 9904 | €13,315 | €8,096 | -€5,219 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,315 | €8,096 | -€5,219 | -39.2% |
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 18 October 2026 via checked.be.