ITO ! CREATIVE CONSULTANCY: 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.
What changed
ITO ! CREATIVE CONSULTANCY
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€104,480
2024 · -€158,693+€263,172
Equity
€1.4m
2024 · €1.3m+€104,480
Cash
€7,981
2024 · €22,560-€14,579
Balance sheet total
€2.7m
2024 · €2.7m-€38,138
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Tax, wage and social debts -€159,722
down €159,722 (-79.6%), from €200,564 to €40,842
of which Taxes: -€157,258
- Short-term financial debts +€117,759
up €117,759 (+29.4%), from €400,000 to €517,759
- Current portion of long-term debt +€113,642
up €113,642 (+531%), from €21,398 to €135,040
- Reserves +€104,480
up €104,480 (+22.2%), from €471,466 to €575,946
of which Distributable reserves: +€104,480
- Debts after one year -€80,355
down €80,355 (-25.9%), from €309,721 to €229,366
of which Financial debts: -€80,355
Income statement
- Taxes -€142,473
down €142,473 (-81.5%), from €174,905 to €32,432
- Gross operating margin +€106,142
up €106,142 (+49.0%), from €216,547 to €322,689
- Staff costs -€58,408
down €58,408 (-33.4%), from €174,874 to €116,466
- Financial income +€54,578
up €54,578 (+689%), from €7,921 to €62,499
- Other operating charges -€11,812
down €11,812 (-35.0%), from €33,728 to €21,915
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.
Result 2024
-€158,693
Gross operating margin
+€106,142
Staff costs
+€58,408
Depreciation
-€7,012
Other operating charges
+€11,812
Other operating items
-€2,620
Financial income
+€54,578
Financial charges
+€2,670
Taxes
+€142,473
Deferred taxes and other
-€103,279
Result 2025
€104,480
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€98,222
Investment
-€67,402
Financing
+€151,045
Cash 2024
€22,560
From operations (derived)
-€98,222
Net result for the year
+€104,480
Depreciation
+€81,478
Receivables after one year
+€3,500
Receivables within one year
+€9,955
Deferred charges and accrued income
-€3,972
Trade debts
-€51,142
Tax, wage and social debts
-€159,722
Other debts
-€44,171
Accrued charges and deferred income
-€38,627
Investment (derived)
-€67,402
Investment in fixed assets (net)
-€67,402
Financing
+€151,045
Debts after one year
-€80,355
Current portion of long-term debt
+€113,642
Short-term financial debts
+€117,759
Cash 2025
€7,981
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,722,200 | €2,684,062 | -€38,138 | -1.4% |
| Fixed assets | 21/28 | €2,106,188 | €2,092,112 | -€14,075 | -0.7% |
| Tangible fixed assets | 22/27 | €1,448,684 | €1,434,608 | -€14,075 | -1.0% |
| Land and buildings | 22 | €1,286,648 | €1,314,617 | +€27,968 | +2.2% |
| Plant, machinery and equipment | 23 | €89,732 | €8,041 | -€81,691 | -91.0% |
| Furniture and vehicles | 24 | €65,803 | €92,117 | +€26,314 | +40.0% |
| Other tangible fixed assets | 26 | €6,500 | €19,833 | +€13,333 | +205% |
| Financial fixed assets | 28 | €657,504 | €657,504 | = | 0.0% |
| Current assets | 29/58 | €616,012 | €591,950 | -€24,062 | -3.9% |
| Amounts receivable after more than one year | 29 | €449,000 | €445,500 | -€3,500 | -0.8% |
| Other amounts receivable | 291 | €449,000 | €445,500 | -€3,500 | -0.8% |
| Amounts receivable within one year | 40/41 | €129,770 | €119,815 | -€9,955 | -7.7% |
| Trade receivables | 40 | €90,041 | €65,546 | -€24,495 | -27.2% |
| Other amounts receivable | 41 | €39,729 | €54,269 | +€14,539 | +36.6% |
| Cash at bank and in hand | 54/58 | €22,560 | €7,981 | -€14,579 | -64.6% |
| Deferred charges and accrued income | 490/1 | €14,681 | €18,653 | +€3,972 | +27.1% |
| Total equity and liabilities | 10/49 | €2,722,200 | €2,684,062 | -€38,138 | -1.4% |
| Equity | 10/15 | €1,301,104 | €1,405,583 | +€104,480 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €259,221 | €259,221 | = | 0.0% |
| Reserves | 13 | €471,466 | €575,946 | +€104,480 | +22.2% |
| Tax-exempt reserves | 132 | €44,983 | €44,983 | = | 0.0% |
| Distributable reserves | 133 | €426,483 | €530,963 | +€104,480 | +24.5% |
| Profit (loss) carried forward | 14 | €551,817 | €551,817 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,421,096 | €1,278,479 | -€142,618 | -10.0% |
| Amounts payable after more than one year | 17 | €309,721 | €229,366 | -€80,355 | -25.9% |
| Financial debts | 170/4 | €294,121 | €213,766 | -€80,355 | -27.3% |
| Other amounts payable | 178/9 | €15,600 | €15,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,013,860 | €990,224 | -€23,635 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €21,398 | €135,040 | +€113,642 | +531% |
| Financial debts | 43 | €400,000 | €517,759 | +€117,759 | +29.4% |
| Credit institutions | 430/8 | €400,000 | €517,759 | +€117,759 | +29.4% |
| Trade debts | 44 | €94,899 | €43,757 | -€51,142 | -53.9% |
| Suppliers | 440/4 | €94,899 | €43,757 | -€51,142 | -53.9% |
| Taxes, remuneration and social security | 45 | €200,564 | €40,842 | -€159,722 | -79.6% |
| Taxes | 450/3 | €188,900 | €31,642 | -€157,258 | -83.2% |
| Remuneration and social security | 454/9 | €11,664 | €9,200 | -€2,464 | -21.1% |
| Other amounts payable | 47/48 | €296,999 | €252,827 | -€44,171 | -14.9% |
| Accrued charges and deferred income | 492/3 | €97,516 | €58,889 | -€38,627 | -39.6% |
| Remuneration, social security and pensions | 62 | €174,874 | €116,466 | -€58,408 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,466 | €81,478 | +€7,012 | +9.4% |
| Other operating charges | 640/8 | €33,728 | €21,915 | -€11,812 | -35.0% |
| Non-recurring operating charges | 66A | - | €2,620 | +€2,620 | |
| Gross operating margin | 9900 | €216,547 | €322,689 | +€106,142 | +49.0% |
| Operating profit (loss) | 9901 | -€66,520 | €100,210 | +€166,731 | |
| Financial income | 75/76B | €7,921 | €62,499 | +€54,578 | +689% |
| Recurring financial income | 75 | €7,921 | €62,499 | +€54,578 | +689% |
| Financial charges | 65/66B | €28,467 | €25,797 | -€2,670 | -9.4% |
| Recurring financial charges | 65 | €28,467 | €25,797 | -€2,670 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€87,067 | €136,912 | +€223,979 | |
| Transfer from deferred taxes | 780 | €103,279 | €0 | -€103,279 | -100% |
| Income taxes | 67/77 | €174,905 | €32,432 | -€142,473 | -81.5% |
| Profit (loss) for the period | 9904 | -€158,693 | €104,480 | +€263,172 | |
| Transfer from tax-exempt reserves | 789 | €512,980 | €0 | -€512,980 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €354,288 | €104,480 | -€249,808 | -70.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.