Itonim: 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.
Itonim
Largest movements
- Receivables within one year -€124,348
down €124,348 (-61.4%), from €202,516 to €78,168
of which Trade receivables: -€124,694
- Deferred charges and accrued income +€118,722
up €118,722 (+1596.3%), from €7,437 to €126,160
- Tangible fixed assets -€10,742
down €10,742 (-23.1%), from €46,408 to €35,666
of which Plant, machinery and equipment: -€5,935
- Cash +€7,682
up €7,682 (+189.2%), from €4,060 to €11,742
mainly Receivables within one year (+€124,348) and Trade debts (+€32,530)
- Stocks and contracts -€5,803
down €5,803 (-4.1%), from €140,699 to €134,896
- Other debts -€40,280
down €40,280 (-74.3%), from €54,221 to €13,941
- Trade debts +€32,530
up €32,530 (+30.3%), from €107,272 to €139,802
- Reserves +€12,095
up €12,095 (+18.2%), from €66,495 to €78,589
of which Distributable reserves: +€12,095
- Short-term financial debts -€9,464
down €9,464 (-6.3%), from €149,796 to €140,332
- Current portion of long-term debt -€6,504
down €6,504 (-58.0%), from €11,221 to €4,718
- Other operating charges -€4,858
down €4,858 (-52.0%), from €9,334 to €4,477
- Gross operating margin +€2,486
up €2,486 (+2.6%), from €96,500 to €98,986
- Staff costs +€2,381
up €2,381 (+10.6%), from €22,449 to €24,830
- Taxes +€1,665
up €1,665 (+37.2%), from €4,475 to €6,140
- Financial charges -€1,051
down €1,051 (-2.8%), from €36,942 to €35,891
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 | €433,818 | €416,152 | -€17,666 | -4.1% |
| Fixed assets | 21/28 | €79,105 | €65,186 | -€13,919 | -17.6% |
| Intangible fixed assets | 21 | €17,369 | €14,192 | -€3,177 | -18.3% |
| Tangible fixed assets | 22/27 | €46,408 | €35,666 | -€10,742 | -23.1% |
| Plant, machinery and equipment | 23 | €7,818 | €1,883 | -€5,935 | -75.9% |
| Other tangible fixed assets | 26 | €38,590 | €33,783 | -€4,807 | -12.5% |
| Financial fixed assets | 28 | €15,328 | €15,328 | = | 0.0% |
| Current assets | 29/58 | €354,713 | €350,966 | -€3,747 | -1.1% |
| Stocks and contracts in progress | 3 | €140,699 | €134,896 | -€5,803 | -4.1% |
| Stocks | 30/36 | €140,699 | €134,896 | -€5,803 | -4.1% |
| Amounts receivable within one year | 40/41 | €202,516 | €78,168 | -€124,348 | -61.4% |
| Trade receivables | 40 | €201,280 | €76,586 | -€124,694 | -62.0% |
| Other amounts receivable | 41 | €1,236 | €1,582 | +€346 | +28.0% |
| Cash at bank and in hand | 54/58 | €4,060 | €11,742 | +€7,682 | +189.2% |
| Deferred charges and accrued income | 490/1 | €7,437 | €126,160 | +€118,722 | +1596.3% |
| Total equity and liabilities | 10/49 | €433,818 | €416,152 | -€17,666 | -4.1% |
| Equity | 10/15 | €85,087 | €97,181 | +€12,095 | +14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €66,495 | €78,589 | +€12,095 | +18.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €64,636 | €76,730 | +€12,095 | +18.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €348,731 | €318,970 | -€29,761 | -8.5% |
| Amounts payable after more than one year | 17 | €4,718 | €0 | -€4,718 | -100.0% |
| Financial debts | 170/4 | €4,718 | €0 | -€4,718 | -100.0% |
| Amounts payable within one year | 42/48 | €340,061 | €315,018 | -€25,043 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €11,221 | €4,718 | -€6,504 | -58.0% |
| Financial debts | 43 | €149,796 | €140,332 | -€9,464 | -6.3% |
| Credit institutions | 430/8 | €149,796 | €140,332 | -€9,464 | -6.3% |
| Trade debts | 44 | €107,272 | €139,802 | +€32,530 | +30.3% |
| Suppliers | 440/4 | €107,272 | €139,802 | +€32,530 | +30.3% |
| Taxes, remuneration and social security | 45 | €17,550 | €16,225 | -€1,325 | -7.6% |
| Taxes | 450/3 | €11,909 | €10,616 | -€1,293 | -10.9% |
| Remuneration and social security | 454/9 | €5,642 | €5,609 | -€32 | -0.6% |
| Other amounts payable | 47/48 | €54,221 | €13,941 | -€40,280 | -74.3% |
| Accrued charges and deferred income | 492/3 | €3,952 | €3,952 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €22,449 | €24,830 | +€2,381 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,574 | €15,607 | -€967 | -5.8% |
| Other operating charges | 640/8 | €9,334 | €4,477 | -€4,858 | -52.0% |
| Gross operating margin | 9900 | €96,500 | €98,986 | +€2,486 | +2.6% |
| Operating profit (loss) | 9901 | €48,143 | €54,072 | +€5,929 | +12.3% |
| Financial income | 75/76B | €403 | €53 | -€350 | -86.8% |
| Recurring financial income | 75 | €403 | €53 | -€350 | -86.8% |
| Financial charges | 65/66B | €36,942 | €35,891 | -€1,051 | -2.8% |
| Recurring financial charges | 65 | €36,942 | €35,891 | -€1,051 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €11,604 | €18,235 | +€6,631 | +57.1% |
| Income taxes | 67/77 | €4,475 | €6,140 | +€1,665 | +37.2% |
| Profit (loss) for the period | 9904 | €7,129 | €12,095 | +€4,965 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,129 | €12,095 | +€4,965 | +69.6% |
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 5 October 2026 via checked.be.