ITR8: 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.
ITR8
Largest movements
- Cash -€63,175
down €63,175 (-48.8%), from €129,394 to €66,220
mainly Contributions, distributions and other (-€140,068) and Investment in fixed assets (net) (-€2,513)
- Deferred charges and accrued income -€1,666
down €1,666 (-67.8%), from €2,458 to €791
- Profit (loss) carried forward -€74,301
no longer reported in 2025 (was €74,301)
- Other debts +€8,520
up €8,520 (+18.3%), from €46,471 to €54,990
- Tax, wage and social debts +€3,576
up €3,576 (+27.3%), from €13,080 to €16,656
of which Taxes: +€3,535
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Gross operating margin +€17,335
up €17,335 (+26.1%), from €66,362 to €83,697
- Taxes +€3,590
up €3,590 (+27.4%), from €13,096 to €16,685
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 | €158,048 | €93,836 | -€64,212 | -40.6% |
| Fixed assets | 21/28 | €8,327 | €8,629 | +€302 | +3.6% |
| Tangible fixed assets | 22/27 | €8,327 | €8,629 | +€302 | +3.6% |
| Plant, machinery and equipment | 23 | €6,917 | €7,544 | +€627 | +9.1% |
| Furniture and vehicles | 24 | €1,410 | €1,086 | -€324 | -23.0% |
| Current assets | 29/58 | €149,721 | €85,207 | -€64,515 | -43.1% |
| Amounts receivable within one year | 40/41 | €17,869 | €18,196 | +€327 | +1.8% |
| Trade receivables | 40 | €14,253 | €16,291 | +€2,038 | +14.3% |
| Other amounts receivable | 41 | €3,616 | €1,904 | -€1,712 | -47.3% |
| Cash at bank and in hand | 54/58 | €129,394 | €66,220 | -€63,175 | -48.8% |
| Deferred charges and accrued income | 490/1 | €2,458 | €791 | -€1,666 | -67.8% |
| Total equity and liabilities | 10/49 | €158,048 | €93,836 | -€64,212 | -40.6% |
| Equity | 10/15 | €94,761 | €18,600 | -€76,161 | -80.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €74,301 | - | -€74,301 | |
| Amounts payable | 17/49 | €63,287 | €75,236 | +€11,949 | +18.9% |
| Amounts payable within one year | 42/48 | €60,176 | €72,452 | +€12,276 | +20.4% |
| Trade debts | 44 | €626 | €806 | +€181 | +28.9% |
| Suppliers | 440/4 | €626 | €806 | +€181 | +28.9% |
| Taxes, remuneration and social security | 45 | €13,080 | €16,656 | +€3,576 | +27.3% |
| Taxes | 450/3 | €10,525 | €14,060 | +€3,535 | +33.6% |
| Remuneration and social security | 454/9 | €2,555 | €2,596 | +€41 | +1.6% |
| Other amounts payable | 47/48 | €46,471 | €54,990 | +€8,520 | +18.3% |
| Accrued charges and deferred income | 492/3 | €3,111 | €2,784 | -€327 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,754 | €2,210 | +€456 | +26.0% |
| Other operating charges | 640/8 | €866 | €895 | +€28 | +3.3% |
| Gross operating margin | 9900 | €66,362 | €83,697 | +€17,335 | +26.1% |
| Operating profit (loss) | 9901 | €63,741 | €80,592 | +€16,850 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €63,741 | €80,592 | +€16,850 | +26.4% |
| Income taxes | 67/77 | €13,096 | €16,685 | +€3,590 | +27.4% |
| Profit (loss) for the period | 9904 | €50,646 | €63,906 | +€13,261 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,646 | €63,906 | +€13,261 | +26.2% |
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.