ITPL: 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.
ITPL
Largest movements
- Cash -€80,169
no longer reported in 2025 (was €80,169)
mainly Current investments (-€61,410) and Net result for the year (-€57,790)
- Current investments +€61,410
new in 2025: €61,410
- Stocks and contracts -€31,930
down €31,930 (-36.6%), from €87,247 to €55,317
- Tangible fixed assets -€11,417
down €11,417 (-3.0%), from €375,755 to €364,338
of which Plant, machinery and equipment: -€10,608
- Profit (loss) carried forward -€57,790
down €57,790 (-18.9%), from -€305,506 to -€363,296
- Trade debts -€5,689
down €5,689 (-87.7%), from €6,484 to €795
- Gross operating margin -€20,907
down €20,907 (-127.9%), from -€16,350 to -€37,257
- Purchases and services +€16,911
up €16,911 (+23.0%), from €73,553 to €90,464
- Depreciation -€10,279
down €10,279 (-44.5%), from €23,096 to €12,817
- Turnover -€3,996
down €3,996 (-7.0%), from €57,203 to €53,207
- Taxes -€1,756
down €1,756 (-82.3%), from €2,133 to €377
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 | €556,436 | €495,935 | -€60,501 | -10.9% |
| Fixed assets | 21/28 | €375,755 | €364,338 | -€11,417 | -3.0% |
| Tangible fixed assets | 22/27 | €375,755 | €364,338 | -€11,417 | -3.0% |
| Land and buildings | 22 | €360,000 | €360,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,181 | €3,573 | -€10,608 | -74.8% |
| Furniture and vehicles | 24 | €1,574 | €765 | -€809 | -51.4% |
| Current assets | 29/58 | €180,681 | €131,597 | -€49,084 | -27.2% |
| Stocks and contracts in progress | 3 | €87,247 | €55,317 | -€31,930 | -36.6% |
| Stocks | 30/36 | €87,247 | €55,317 | -€31,930 | -36.6% |
| Amounts receivable within one year | 40/41 | €13,265 | €14,870 | +€1,605 | +12.1% |
| Trade receivables | 40 | €13,265 | €14,870 | +€1,605 | +12.1% |
| Current investments | 50/53 | - | €61,410 | +€61,410 | |
| Cash at bank and in hand | 54/58 | €80,169 | - | -€80,169 | |
| Total equity and liabilities | 10/49 | €556,436 | €495,935 | -€60,501 | -10.9% |
| Equity | 10/15 | €46,495 | -€11,295 | -€57,790 | |
| Contributions | 10/11 | €11,158 | €11,158 | = | 0.0% |
| Revaluation surpluses | 12 | €338,929 | €338,929 | = | 0.0% |
| Reserves | 13 | €1,914 | €1,914 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,914 | €1,914 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,914 | €1,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,506 | -€363,296 | -€57,790 | -18.9% |
| Provisions and deferred taxes | 16 | €275,825 | €275,825 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €275,825 | €275,825 | = | 0.0% |
| Environmental obligations | 163 | €275,825 | €275,825 | = | 0.0% |
| Amounts payable | 17/49 | €234,116 | €231,405 | -€2,711 | -1.2% |
| Amounts payable after more than one year | 17 | €225,610 | €228,994 | +€3,384 | +1.5% |
| Financial debts | 170/4 | €225,610 | €228,994 | +€3,384 | +1.5% |
| Amounts payable within one year | 42/48 | €8,506 | €2,411 | -€6,095 | -71.7% |
| Trade debts | 44 | €6,484 | €795 | -€5,689 | -87.7% |
| Suppliers | 440/4 | €6,484 | €795 | -€5,689 | -87.7% |
| Taxes, remuneration and social security | 45 | €2,022 | €1,616 | -€406 | -20.1% |
| Taxes | 450/3 | €2,022 | €1,616 | -€406 | -20.1% |
| Turnover | 70 | €57,203 | €53,207 | -€3,996 | -7.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €73,553 | €90,464 | +€16,911 | +23.0% |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,096 | €12,817 | -€10,279 | -44.5% |
| Other operating charges | 640/8 | €2,757 | €3,940 | +€1,183 | +42.9% |
| Gross operating margin | 9900 | -€16,350 | -€37,257 | -€20,907 | -127.9% |
| Operating profit (loss) | 9901 | -€42,590 | -€54,014 | -€11,424 | -26.8% |
| Financial income | 75/76B | €839 | €511 | -€328 | -39.1% |
| Recurring financial income | 75 | €839 | €511 | -€328 | -39.1% |
| Financial charges | 65/66B | €4,820 | €3,910 | -€910 | -18.9% |
| Recurring financial charges | 65 | €4,820 | €3,910 | -€910 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,571 | -€57,413 | -€10,842 | -23.3% |
| Income taxes | 67/77 | €2,133 | €377 | -€1,756 | -82.3% |
| Profit (loss) for the period | 9904 | -€48,704 | -€57,790 | -€9,086 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,704 | -€57,790 | -€9,086 | -18.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.