itnova: 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.
itnova
Largest movements
- Receivables within one year -€367,092
down €367,092 (-82.1%), from €447,013 to €79,921
of which Trade receivables: -€357,776
- Receivables after one year -€327,973
no longer reported in 2025 (was €327,973)
- Cash -€157,321
down €157,321 (-31.8%), from €494,639 to €337,318
- Tangible fixed assets -€49,800
down €49,800 (-90.6%), from €54,979 to €5,178
- Profit (loss) carried forward -€349,741
down €349,741 (-99.7%), from €350,802 to €1,061
- Reserves -€215,000
down €215,000 (-81.0%), from €265,310 to €50,310
of which Distributable reserves: -€215,000
- Tax, wage and social debts -€190,291
down €190,291 (-97.8%), from €194,641 to €4,350
of which Remuneration and social security: -€107,195
- Current portion of long-term debt -€85,488
no longer reported in 2025 (was €85,488)
- Trade debts -€76,371
down €76,371 (-73.0%), from €104,581 to €28,211
- Gross operating margin -€703,969
down €703,969 (-51.8%), from €1.4m to €655,831
- Staff costs -€455,418
down €455,418 (-48.6%), from €936,655 to €481,236
- Turnover -€415,589
down €415,589 (-25.9%), from €1.6m to €1.2m
- Purchases and services +€287,210
up €287,210 (+117.0%), from €245,418 to €532,628
- Write-downs +€88,958
new in 2025: €88,958
From the 31-12-2023 result to the 30-06-2025 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 31-12-2023 | 30-06-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,327,954 | €426,709 | -€901,246 | -67.9% |
| Fixed assets | 21/28 | €55,776 | €5,975 | -€49,800 | -89.3% |
| Tangible fixed assets | 22/27 | €54,979 | €5,178 | -€49,800 | -90.6% |
| Furniture and vehicles | 24 | €54,979 | €5,178 | -€49,800 | -90.6% |
| Financial fixed assets | 28 | €797 | €797 | = | 0.0% |
| Current assets | 29/58 | €1,272,179 | €420,733 | -€851,445 | -66.9% |
| Amounts receivable after more than one year | 29 | €327,973 | - | -€327,973 | |
| Other amounts receivable | 291 | €327,973 | - | -€327,973 | |
| Amounts receivable within one year | 40/41 | €447,013 | €79,921 | -€367,092 | -82.1% |
| Trade receivables | 40 | €430,558 | €72,783 | -€357,776 | -83.1% |
| Other amounts receivable | 41 | €16,455 | €7,138 | -€9,316 | -56.6% |
| Cash at bank and in hand | 54/58 | €494,639 | €337,318 | -€157,321 | -31.8% |
| Deferred charges and accrued income | 490/1 | €2,554 | €3,494 | +€940 | +36.8% |
| Total equity and liabilities | 10/49 | €1,327,954 | €426,709 | -€901,246 | -67.9% |
| Equity | 10/15 | €678,112 | €113,371 | -€564,741 | -83.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €265,310 | €50,310 | -€215,000 | -81.0% |
| Non-distributable reserves | 130/1 | €13,310 | €13,310 | = | 0.0% |
| Legal reserve | 130 | €13,310 | €13,310 | = | 0.0% |
| Distributable reserves | 133 | €252,000 | €37,000 | -€215,000 | -85.3% |
| Profit (loss) carried forward | 14 | €350,802 | €1,061 | -€349,741 | -99.7% |
| Provisions and deferred taxes | 16 | €239,200 | €239,200 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €239,200 | €239,200 | = | 0.0% |
| Environmental obligations | 163 | €239,200 | €239,200 | = | 0.0% |
| Amounts payable | 17/49 | €410,642 | €74,138 | -€336,504 | -81.9% |
| Amounts payable within one year | 42/48 | €410,642 | €74,138 | -€336,504 | -81.9% |
| Current portion of amounts payable after more than one year | 42 | €85,488 | - | -€85,488 | |
| Trade debts | 44 | €104,581 | €28,211 | -€76,371 | -73.0% |
| Suppliers | 440/4 | €104,581 | €28,211 | -€76,371 | -73.0% |
| Taxes, remuneration and social security | 45 | €194,641 | €4,350 | -€190,291 | -97.8% |
| Taxes | 450/3 | €87,446 | €4,350 | -€83,096 | -95.0% |
| Remuneration and social security | 454/9 | €107,195 | - | -€107,195 | |
| Other amounts payable | 47/48 | €25,932 | €41,577 | +€15,645 | +60.3% |
| Turnover | 70 | €1,601,700 | €1,186,111 | -€415,589 | -25.9% |
| Non-recurring operating income | 76A | - | €195 | +€195 | |
| Goods, raw materials, services and sundry goods | 60/61 | €245,418 | €532,628 | +€287,210 | +117.0% |
| Remuneration, social security and pensions | 62 | €936,655 | €481,236 | -€455,418 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,071 | €8,120 | -€9,951 | -55.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €88,958 | +€88,958 | |
| Other operating charges | 640/8 | €1,090 | €1,431 | +€341 | +31.3% |
| Non-recurring operating charges | 66A | €960 | €10,756 | +€9,797 | +1020.9% |
| Gross operating margin | 9900 | €1,359,800 | €655,831 | -€703,969 | -51.8% |
| Operating profit (loss) | 9901 | €403,025 | €65,329 | -€337,696 | -83.8% |
| Financial income | 75/76B | €5,651 | €11,263 | +€5,613 | +99.3% |
| Recurring financial income | 75 | €5,651 | €11,263 | +€5,613 | +99.3% |
| Financial charges | 65/66B | €4,383 | €4,621 | +€238 | +5.4% |
| Recurring financial charges | 65 | €4,383 | €4,621 | +€238 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €404,292 | €71,970 | -€332,321 | -82.2% |
| Income taxes | 67/77 | €106,693 | €34,712 | -€71,981 | -67.5% |
| Profit (loss) for the period | 9904 | €297,599 | €37,259 | -€260,341 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €297,599 | €37,259 | -€260,341 | -87.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.