ITnovation: 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.
ITnovation
Largest movements
- Cash -€35,521
down €35,521 (-29.3%), from €121,078 to €85,556
mainly Contributions, distributions and other (-€124,908) and Tax, wage and social debts (-€15,867)
- Receivables within one year -€22,522
down €22,522 (-84.1%), from €26,784 to €4,262
- Reserves -€108,582
down €108,582 (-100.0%), from €108,582 to €0
- Other debts +€63,750
up €63,750 (+1253.2%), from €5,087 to €68,837
- Tax, wage and social debts -€15,867
down €15,867 (-52.4%), from €30,285 to €14,418
of which Taxes: -€15,867
- Gross operating margin +€4,457
up €4,457 (+18.6%), from €23,924 to €28,381
- Depreciation -€3,934
down €3,934 (-62.3%), from €6,310 to €2,376
- Taxes +€1,230
up €1,230 (+36.4%), from €3,382 to €4,612
- Financial charges +€1,216
up €1,216 (+43.5%), from €2,794 to €4,010
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 | €153,494 | €94,273 | -€59,221 | -38.6% |
| Fixed assets | 21/28 | €5,633 | €4,455 | -€1,178 | -20.9% |
| Tangible fixed assets | 22/27 | €5,633 | €4,455 | -€1,178 | -20.9% |
| Furniture and vehicles | 24 | €5,633 | €4,455 | -€1,178 | -20.9% |
| Current assets | 29/58 | €147,861 | €89,818 | -€58,043 | -39.3% |
| Amounts receivable within one year | 40/41 | €26,784 | €4,262 | -€22,522 | -84.1% |
| Trade receivables | 40 | €26,784 | €4,262 | -€22,522 | -84.1% |
| Cash at bank and in hand | 54/58 | €121,078 | €85,556 | -€35,521 | -29.3% |
| Total equity and liabilities | 10/49 | €153,494 | €94,273 | -€59,221 | -38.6% |
| Equity | 10/15 | €113,582 | €5,000 | -€108,582 | -95.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €108,582 | €0 | -€108,582 | -100.0% |
| Distributable reserves | 133 | €108,582 | €0 | -€108,582 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,913 | €89,273 | +€49,360 | +123.7% |
| Amounts payable within one year | 42/48 | €39,673 | €87,846 | +€48,173 | +121.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,300 | €4,591 | +€290 | +6.7% |
| Suppliers | 440/4 | €4,300 | €4,591 | +€290 | +6.7% |
| Taxes, remuneration and social security | 45 | €30,285 | €14,418 | -€15,867 | -52.4% |
| Taxes | 450/3 | €30,285 | €14,418 | -€15,867 | -52.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,087 | €68,837 | +€63,750 | +1253.2% |
| Accrued charges and deferred income | 492/3 | €240 | €1,427 | +€1,187 | +494.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,310 | €2,376 | -€3,934 | -62.3% |
| Other operating charges | 640/8 | €1,181 | €1,139 | -€41 | -3.5% |
| Gross operating margin | 9900 | €23,924 | €28,381 | +€4,457 | +18.6% |
| Operating profit (loss) | 9901 | €16,433 | €24,866 | +€8,433 | +51.3% |
| Financial income | 75/76B | €40 | €82 | +€42 | +104.2% |
| Recurring financial income | 75 | €40 | €82 | +€42 | +104.2% |
| Financial charges | 65/66B | €2,794 | €4,010 | +€1,216 | +43.5% |
| Recurring financial charges | 65 | €2,794 | €4,010 | +€1,216 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €13,680 | €20,939 | +€7,259 | +53.1% |
| Income taxes | 67/77 | €3,382 | €4,612 | +€1,230 | +36.4% |
| Profit (loss) for the period | 9904 | €10,298 | €16,326 | +€6,028 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,298 | €16,326 | +€6,028 | +58.5% |
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 8 October 2026 via checked.be.