ITP MANAGEMENT: 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.
ITP MANAGEMENT
Largest movements
- Cash -€11,570
no longer reported in 2025 (was €11,570)
mainly Tax, wage and social debts (-€11,058) and Net result for the year (-€10,908)
- Receivables within one year -€8,937
down €8,937 (-9.1%), from €98,632 to €89,695
of which Trade receivables: -€24,560
- Deferred charges and accrued income -€7,698
down €7,698 (-51.7%), from €14,894 to €7,196
- Tax, wage and social debts -€11,058
down €11,058 (-65.1%), from €16,991 to €5,933
of which Taxes: -€9,708
- Profit (loss) carried forward -€10,908
down €10,908 (-92.2%), from €11,825 to €917
- Trade debts -€8,300
down €8,300 (-63.9%), from €12,985 to €4,686
- Other debts +€4,082
up €4,082 (+5.4%), from €75,744 to €79,826
- Accrued charges and deferred income -€2,754
down €2,754 (-27.7%), from €9,954 to €7,200
- Gross operating margin -€23,430
down €23,430, from €14,397 to -€9,033
- Taxes -€2,704
no longer reported in 2025 (was €2,704)
- Financial charges +€431
up €431 (+93.1%), from €463 to €894
- Depreciation +€375
up €375 (+180.9%), from €207 to €582
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 | €132,499 | €103,712 | -€28,787 | -21.7% |
| Fixed assets | 21/28 | €7,403 | €6,821 | -€582 | -7.9% |
| Tangible fixed assets | 22/27 | €2,703 | €2,121 | -€582 | -21.5% |
| Plant, machinery and equipment | 23 | €2,703 | €2,121 | -€582 | -21.5% |
| Financial fixed assets | 28 | €4,700 | €4,700 | = | 0.0% |
| Current assets | 29/58 | €125,096 | €96,891 | -€28,205 | -22.5% |
| Amounts receivable within one year | 40/41 | €98,632 | €89,695 | -€8,937 | -9.1% |
| Trade receivables | 40 | €45,173 | €20,613 | -€24,560 | -54.4% |
| Other amounts receivable | 41 | €53,458 | €69,081 | +€15,623 | +29.2% |
| Cash at bank and in hand | 54/58 | €11,570 | - | -€11,570 | |
| Deferred charges and accrued income | 490/1 | €14,894 | €7,196 | -€7,698 | -51.7% |
| Total equity and liabilities | 10/49 | €132,499 | €103,712 | -€28,787 | -21.7% |
| Equity | 10/15 | €16,825 | €5,917 | -€10,908 | -64.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,825 | €917 | -€10,908 | -92.2% |
| Amounts payable | 17/49 | €115,673 | €97,794 | -€17,879 | -15.5% |
| Amounts payable within one year | 42/48 | €105,719 | €90,594 | -€15,125 | -14.3% |
| Financial debts | 43 | - | €150 | +€150 | |
| Credit institutions | 430/8 | - | €150 | +€150 | |
| Trade debts | 44 | €12,985 | €4,686 | -€8,300 | -63.9% |
| Suppliers | 440/4 | €12,985 | €4,686 | -€8,300 | -63.9% |
| Taxes, remuneration and social security | 45 | €16,991 | €5,933 | -€11,058 | -65.1% |
| Taxes | 450/3 | €15,641 | €5,933 | -€9,708 | -62.1% |
| Remuneration and social security | 454/9 | €1,350 | - | -€1,350 | |
| Other amounts payable | 47/48 | €75,744 | €79,826 | +€4,082 | +5.4% |
| Accrued charges and deferred income | 492/3 | €9,954 | €7,200 | -€2,754 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €582 | +€375 | +180.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €14,397 | -€9,033 | -€23,430 | |
| Operating profit (loss) | 9901 | €13,803 | -€10,014 | -€23,817 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €463 | €894 | +€431 | +93.1% |
| Recurring financial charges | 65 | €463 | €894 | +€431 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €13,341 | -€10,908 | -€24,248 | |
| Income taxes | 67/77 | €2,704 | - | -€2,704 | |
| Profit (loss) for the period | 9904 | €10,636 | -€10,908 | -€21,544 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,636 | -€10,908 | -€21,544 |
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 3 October 2026 via checked.be.