ITORITY: 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.
ITORITY
Largest movements
- Cash +€29,226
up €29,226 (+28.4%), from €102,989 to €132,214
mainly Depreciation (+€22,552) and Net result for the year (+€20,930)
- Tangible fixed assets -€12,487
down €12,487 (-13.5%), from €92,765 to €80,278
- Deferred charges and accrued income +€10,215
new in 2025: €10,215
- Receivables after one year -€6,961
down €6,961 (-10.6%), from €65,891 to €58,930
- Reserves +€20,930
up €20,930 (+7.6%), from €274,476 to €295,406
- Gross operating margin -€17,133
down €17,133 (-26.1%), from €65,538 to €48,405
- Taxes -€3,470
down €3,470 (-37.3%), from €9,312 to €5,842
- Depreciation +€966
up €966 (+4.5%), from €21,585 to €22,552
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,066 | €330,444 | +€17,378 | +5.6% |
| Fixed assets | 21/28 | €96,098 | €81,111 | -€14,987 | -15.6% |
| Intangible fixed assets | 21 | €3,333 | €833 | -€2,500 | -75.0% |
| Tangible fixed assets | 22/27 | €92,765 | €80,278 | -€12,487 | -13.5% |
| Land and buildings | 22 | €55,505 | €52,392 | -€3,113 | -5.6% |
| Plant, machinery and equipment | 23 | €13,444 | €7,506 | -€5,937 | -44.2% |
| Furniture and vehicles | 24 | €23,816 | €20,380 | -€3,437 | -14.4% |
| Current assets | 29/58 | €216,968 | €249,333 | +€32,365 | +14.9% |
| Amounts receivable after more than one year | 29 | €65,891 | €58,930 | -€6,961 | -10.6% |
| Other amounts receivable | 291 | €65,891 | €58,930 | -€6,961 | -10.6% |
| Amounts receivable within one year | 40/41 | €48,089 | €47,973 | -€115 | -0.2% |
| Trade receivables | 40 | €48,089 | €44,815 | -€3,273 | -6.8% |
| Other amounts receivable | 41 | - | €3,158 | +€3,158 | |
| Cash at bank and in hand | 54/58 | €102,989 | €132,214 | +€29,226 | +28.4% |
| Deferred charges and accrued income | 490/1 | - | €10,215 | +€10,215 | |
| Total equity and liabilities | 10/49 | €313,066 | €330,444 | +€17,378 | +5.6% |
| Equity | 10/15 | €301,976 | €322,906 | +€20,930 | +6.9% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Contributions outside capital | 11 | €27,500 | €27,500 | = | 0.0% |
| Other | 1109/19 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €274,476 | €295,406 | +€20,930 | +7.6% |
| Distributable reserves | 133 | €274,476 | €295,406 | +€20,930 | +7.6% |
| Amounts payable | 17/49 | €11,090 | €7,538 | -€3,553 | -32.0% |
| Amounts payable within one year | 42/48 | €11,090 | €7,538 | -€3,553 | -32.0% |
| Trade debts | 44 | €1,011 | €348 | -€664 | -65.6% |
| Suppliers | 440/4 | €1,011 | €348 | -€664 | -65.6% |
| Taxes, remuneration and social security | 45 | €9,834 | €6,945 | -€2,889 | -29.4% |
| Taxes | 450/3 | €9,834 | €6,945 | -€2,889 | -29.4% |
| Other amounts payable | 47/48 | €245 | €245 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,585 | €22,552 | +€966 | +4.5% |
| Other operating charges | 640/8 | €572 | €513 | -€58 | -10.2% |
| Gross operating margin | 9900 | €65,538 | €48,405 | -€17,133 | -26.1% |
| Operating profit (loss) | 9901 | €43,381 | €25,340 | -€18,041 | -41.6% |
| Financial income | 75/76B | €1,711 | €1,523 | -€188 | -11.0% |
| Recurring financial income | 75 | €1,711 | €1,523 | -€188 | -11.0% |
| Financial charges | 65/66B | €134 | €91 | -€43 | -32.2% |
| Recurring financial charges | 65 | €134 | €91 | -€43 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €44,958 | €26,772 | -€18,186 | -40.5% |
| Income taxes | 67/77 | €9,312 | €5,842 | -€3,470 | -37.3% |
| Profit (loss) for the period | 9904 | €35,646 | €20,930 | -€14,715 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,646 | €20,930 | -€14,715 | -41.3% |
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 14 October 2026 via checked.be.