ITOR: 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.
ITOR
Largest movements
- Cash +€25,220
up €25,220 (+368.2%), from €6,850 to €32,070
mainly Net result for the year (+€15,582) and Receivables within one year (+€10,804)
- Receivables within one year -€10,804
down €10,804 (-84.4%), from €12,801 to €1,997
of which Other amounts receivable: -€9,071
- Reserves +€15,582
up €15,582 (+54.7%), from €28,463 to €44,044
- Trade debts -€2,120
down €2,120 (-53.6%), from €3,951 to €1,832
- Tax, wage and social debts +€1,005
up €1,005 (+126.9%), from €791 to €1,796
- Gross operating margin +€31,684
up €31,684, from -€13,141 to €18,543
- Taxes +€523
new in 2025: €523
- Depreciation +€451
up €451 (+24.3%), from €1,857 to €2,308
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 | €23,135 | €37,758 | +€14,622 | +63.2% |
| Fixed assets | 21/28 | €3,485 | €3,691 | +€207 | +5.9% |
| Tangible fixed assets | 22/27 | €3,485 | €3,691 | +€207 | +5.9% |
| Plant, machinery and equipment | 23 | €3,485 | €3,691 | +€207 | +5.9% |
| Current assets | 29/58 | €19,651 | €34,066 | +€14,416 | +73.4% |
| Amounts receivable within one year | 40/41 | €12,801 | €1,997 | -€10,804 | -84.4% |
| Trade receivables | 40 | €3,730 | €1,997 | -€1,733 | -46.5% |
| Other amounts receivable | 41 | €9,071 | - | -€9,071 | |
| Cash at bank and in hand | 54/58 | €6,850 | €32,070 | +€25,220 | +368.2% |
| Total equity and liabilities | 10/49 | €23,135 | €37,758 | +€14,622 | +63.2% |
| Equity | 10/15 | €18,393 | €33,974 | +€15,582 | +84.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,463 | €44,044 | +€15,582 | +54.7% |
| Distributable reserves | 133 | €28,463 | €44,044 | +€15,582 | +54.7% |
| Profit (loss) carried forward | 14 | -€15,070 | -€15,070 | = | 0.0% |
| Amounts payable | 17/49 | €4,743 | €3,783 | -€960 | -20.2% |
| Amounts payable within one year | 42/48 | €4,743 | €3,783 | -€960 | -20.2% |
| Trade debts | 44 | €3,951 | €1,832 | -€2,120 | -53.6% |
| Suppliers | 440/4 | €3,951 | €1,832 | -€2,120 | -53.6% |
| Taxes, remuneration and social security | 45 | €791 | €1,796 | +€1,005 | +126.9% |
| Taxes | 450/3 | €791 | €1,796 | +€1,005 | +126.9% |
| Other amounts payable | 47/48 | - | €155 | +€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,857 | €2,308 | +€451 | +24.3% |
| Gross operating margin | 9900 | -€13,141 | €18,543 | +€31,684 | |
| Operating profit (loss) | 9901 | -€14,997 | €16,236 | +€31,233 | |
| Financial charges | 65/66B | €73 | €131 | +€58 | +79.6% |
| Recurring financial charges | 65 | €73 | €131 | +€58 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,070 | €16,105 | +€31,175 | |
| Income taxes | 67/77 | - | €523 | +€523 | |
| Profit (loss) for the period | 9904 | -€15,070 | €15,582 | +€30,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,070 | €15,582 | +€30,652 |
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 2 October 2026 via checked.be.