ITovate: 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.
ITovate
Largest movements
- Stocks and contracts +€21,515
new in 2025: €21,515
- Receivables within one year -€11,302
down €11,302 (-16.8%), from €67,437 to €56,135
of which Trade receivables: -€13,018
- Intangible fixed assets -€7,500
down €7,500 (-16.6%), from €45,062 to €37,562
- Cash +€5,922
up €5,922 (+30.8%), from €19,249 to €25,170
mainly Trade debts (+€28,785) and Depreciation (+€20,472)
- Tangible fixed assets -€3,993
down €3,993 (-7.6%), from €52,457 to €48,464
of which Furniture and vehicles: -€5,335
- Trade debts +€28,785
up €28,785 (+2384.2%), from €1,207 to €29,992
- Other debts -€11,241
down €11,241 (-16.3%), from €68,770 to €57,529
- Debts after one year -€8,842
down €8,842 (-24.3%), from €36,406 to €27,564
- Profit (loss) carried forward -€5,934
down €5,934 (-9.2%), from €64,607 to €58,673
- Tax, wage and social debts +€4,036
up €4,036 (+35.9%), from €11,233 to €15,269
- Gross operating margin +€17,936
up €17,936 (+126.9%), from €14,129 to €32,065
- Other operating charges +€14,655
up €14,655 (+1534.1%), from €955 to €15,610
- Depreciation +€9,191
up €9,191 (+81.5%), from €11,281 to €20,472
- Taxes -€1,542
down €1,542 (-84.5%), from €1,825 to €284
- Financial charges +€1,234
up €1,234 (+197.9%), from €624 to €1,858
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 | €192,771 | €199,869 | +€7,098 | +3.7% |
| Fixed assets | 21/28 | €97,518 | €88,468 | -€9,051 | -9.3% |
| Intangible fixed assets | 21 | €45,062 | €37,562 | -€7,500 | -16.6% |
| Tangible fixed assets | 22/27 | €52,457 | €48,464 | -€3,993 | -7.6% |
| Plant, machinery and equipment | 23 | €818 | €2,160 | +€1,342 | +164.1% |
| Furniture and vehicles | 24 | €51,639 | €46,304 | -€5,335 | -10.3% |
| Financial fixed assets | 28 | - | €2,442 | +€2,442 | |
| Current assets | 29/58 | €95,252 | €111,401 | +€16,149 | +17.0% |
| Amounts receivable after more than one year | 29 | €7,500 | €7,500 | = | 0.0% |
| Other amounts receivable | 291 | €7,500 | €7,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €21,515 | +€21,515 | |
| Stocks | 30/36 | - | €21,515 | +€21,515 | |
| Amounts receivable within one year | 40/41 | €67,437 | €56,135 | -€11,302 | -16.8% |
| Trade receivables | 40 | €64,262 | €51,244 | -€13,018 | -20.3% |
| Other amounts receivable | 41 | €3,175 | €4,891 | +€1,716 | +54.1% |
| Cash at bank and in hand | 54/58 | €19,249 | €25,170 | +€5,922 | +30.8% |
| Deferred charges and accrued income | 490/1 | €1,067 | €1,080 | +€14 | +1.3% |
| Total equity and liabilities | 10/49 | €192,771 | €199,869 | +€7,098 | +3.7% |
| Equity | 10/15 | €66,607 | €60,673 | -€5,934 | -8.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,607 | €58,673 | -€5,934 | -9.2% |
| Amounts payable | 17/49 | €126,164 | €139,196 | +€13,032 | +10.3% |
| Amounts payable after more than one year | 17 | €36,406 | €27,564 | -€8,842 | -24.3% |
| Financial debts | 170/4 | €36,406 | €27,564 | -€8,842 | -24.3% |
| Amounts payable within one year | 42/48 | €89,758 | €111,632 | +€21,874 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €8,548 | €8,842 | +€294 | +3.4% |
| Trade debts | 44 | €1,207 | €29,992 | +€28,785 | +2384.2% |
| Suppliers | 440/4 | €1,207 | €29,992 | +€28,785 | +2384.2% |
| Taxes, remuneration and social security | 45 | €11,233 | €15,269 | +€4,036 | +35.9% |
| Taxes | 450/3 | €11,233 | €15,269 | +€4,036 | +35.9% |
| Other amounts payable | 47/48 | €68,770 | €57,529 | -€11,241 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,281 | €20,472 | +€9,191 | +81.5% |
| Other operating charges | 640/8 | €955 | €15,610 | +€14,655 | +1534.1% |
| Gross operating margin | 9900 | €14,129 | €32,065 | +€17,936 | +126.9% |
| Operating profit (loss) | 9901 | €1,893 | -€4,018 | -€5,911 | |
| Financial income | 75/76B | €225 | €225 | -€0 | -0.2% |
| Recurring financial income | 75 | €225 | €225 | -€0 | -0.2% |
| Financial charges | 65/66B | €624 | €1,858 | +€1,234 | +197.9% |
| Recurring financial charges | 65 | €624 | €1,858 | +€1,234 | +197.9% |
| Profit (loss) for the period before taxes | 9903 | €1,495 | -€5,651 | -€7,145 | |
| Income taxes | 67/77 | €1,825 | €284 | -€1,542 | -84.5% |
| Profit (loss) for the period | 9904 | -€330 | -€5,934 | -€5,604 | -1696.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€330 | -€5,934 | -€5,604 | -1696.1% |
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 4 October 2026 via checked.be.