ITR SERVICES: 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.
ITR SERVICES
Largest movements
- Receivables within one year +€26,317
up €26,317 (+41.6%), from €63,314 to €89,631
of which Trade receivables: +€42,156
- Tangible fixed assets +€18,634
up €18,634 (+759.2%), from €2,454 to €21,089
of which Furniture and vehicles: +€19,234
- Cash -€4,006
down €4,006 (-59.3%), from €6,757 to €2,751
mainly Receivables within one year (-€26,317) and Investment in fixed assets (net) (-€23,000)
- Trade debts +€27,901
up €27,901 (+103.8%), from €26,873 to €54,774
- Profit (loss) carried forward +€15,093
up €15,093 (+43.9%), from €34,390 to €49,483
- Tax, wage and social debts -€1,465
down €1,465 (-12.6%), from €11,594 to €10,129
of which Taxes: -€1,564
- Gross operating margin -€7,654
down €7,654 (-25.1%), from €30,448 to €22,794
- Depreciation +€1,622
up €1,622 (+54.7%), from €2,963 to €4,585
- Taxes -€1,317
down €1,317 (-23.5%), from €5,616 to €4,298
- Financial income +€1,096
up €1,096 (+56.4%), from €1,944 to €3,039
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,206 | €114,387 | +€41,180 | +56.3% |
| Formation expenses | 20 | €584 | €365 | -€219 | -37.5% |
| Fixed assets | 21/28 | €2,552 | €21,187 | +€18,634 | +730.1% |
| Tangible fixed assets | 22/27 | €2,454 | €21,089 | +€18,634 | +759.2% |
| Plant, machinery and equipment | 23 | €846 | €246 | -€600 | -70.9% |
| Furniture and vehicles | 24 | €1,608 | €20,842 | +€19,234 | +1196.1% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €70,070 | €92,835 | +€22,765 | +32.5% |
| Amounts receivable within one year | 40/41 | €63,314 | €89,631 | +€26,317 | +41.6% |
| Trade receivables | 40 | €5,246 | €47,402 | +€42,156 | +803.6% |
| Other amounts receivable | 41 | €58,068 | €42,229 | -€15,839 | -27.3% |
| Cash at bank and in hand | 54/58 | €6,757 | €2,751 | -€4,006 | -59.3% |
| Deferred charges and accrued income | 490/1 | - | €453 | +€453 | |
| Total equity and liabilities | 10/49 | €73,206 | €114,387 | +€41,180 | +56.3% |
| Equity | 10/15 | €34,390 | €49,483 | +€15,093 | +43.9% |
| Profit (loss) carried forward | 14 | €34,390 | €49,483 | +€15,093 | +43.9% |
| Amounts payable | 17/49 | €38,816 | €64,903 | +€26,087 | +67.2% |
| Amounts payable within one year | 42/48 | €38,816 | €64,903 | +€26,087 | +67.2% |
| Trade debts | 44 | €26,873 | €54,774 | +€27,901 | +103.8% |
| Suppliers | 440/4 | €26,873 | €54,774 | +€27,901 | +103.8% |
| Advances received on contracts in progress | 46 | €349 | - | -€349 | |
| Taxes, remuneration and social security | 45 | €11,594 | €10,129 | -€1,465 | -12.6% |
| Taxes | 450/3 | €11,594 | €10,030 | -€1,564 | -13.5% |
| Remuneration and social security | 454/9 | - | €99 | +€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €4,585 | +€1,622 | +54.7% |
| Other operating charges | 640/8 | €832 | €787 | -€45 | -5.4% |
| Gross operating margin | 9900 | €30,448 | €22,794 | -€7,654 | -25.1% |
| Operating profit (loss) | 9901 | €26,653 | €17,422 | -€9,232 | -34.6% |
| Financial income | 75/76B | €1,944 | €3,039 | +€1,096 | +56.4% |
| Recurring financial income | 75 | €1,944 | €3,039 | +€1,096 | +56.4% |
| Financial charges | 65/66B | €788 | €1,070 | +€282 | +35.8% |
| Recurring financial charges | 65 | €788 | €1,070 | +€282 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €27,809 | €19,391 | -€8,418 | -30.3% |
| Income taxes | 67/77 | €5,616 | €4,298 | -€1,317 | -23.5% |
| Profit (loss) for the period | 9904 | €22,194 | €15,093 | -€7,100 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,194 | €15,093 | -€7,100 | -32.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.