ITRAC: 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.
ITRAC
Largest movements
- Cash +€25,439
up €25,439 (+52.4%), from €48,534 to €73,973
mainly Depreciation (+€13,662) and Net result for the year (+€12,292)
- Tangible fixed assets -€12,884
down €12,884 (-52.7%), from €24,443 to €11,558
of which Furniture and vehicles: -€13,436
- Receivables within one year +€5,225
up €5,225 (+43.5%), from €12,002 to €17,227
of which Other amounts receivable: +€2,643
- Deferred charges and accrued income +€1,867
new in 2025: €1,867
- Profit (loss) carried forward +€12,292
up €12,292 (+19.0%), from €64,602 to €76,894
- Tax, wage and social debts +€7,046
up €7,046 (+1,447%), from €487 to €7,533
- Turnover -€106,063
no longer reported in 2025 (was €106,063)
- Purchases and services -€65,011
no longer reported in 2025 (was €65,011)
- Gross operating margin -€11,828
down €11,828 (-27.5%), from €43,067 to €31,239
- Taxes -€2,441
down €2,441 (-25.7%), from €9,487 to €7,046
- Financial income +€1,146
up €1,146 (+80.0%), from €1,432 to €2,578
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.
Derived cash bridge
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 | €135,027 | €154,884 | +€19,857 | +14.7% |
| Fixed assets | 21/28 | €24,443 | €11,558 | -€12,884 | -52.7% |
| Tangible fixed assets | 22/27 | €24,443 | €11,558 | -€12,884 | -52.7% |
| Plant, machinery and equipment | 23 | €293 | €844 | +€552 | +188% |
| Furniture and vehicles | 24 | €24,150 | €10,714 | -€13,436 | -55.6% |
| Current assets | 29/58 | €110,585 | €143,325 | +€32,741 | +29.6% |
| Amounts receivable within one year | 40/41 | €12,002 | €17,227 | +€5,225 | +43.5% |
| Trade receivables | 40 | €8,748 | €11,330 | +€2,581 | +29.5% |
| Other amounts receivable | 41 | €3,254 | €5,897 | +€2,643 | +81.2% |
| Current investments | 50/53 | €50,048 | €50,258 | +€210 | +0.4% |
| Cash at bank and in hand | 54/58 | €48,534 | €73,973 | +€25,439 | +52.4% |
| Deferred charges and accrued income | 490/1 | - | €1,867 | +€1,867 | |
| Total equity and liabilities | 10/49 | €135,027 | €154,884 | +€19,857 | +14.7% |
| Equity | 10/15 | €132,802 | €145,094 | +€12,292 | +9.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,602 | €76,894 | +€12,292 | +19.0% |
| Amounts payable | 17/49 | €2,225 | €9,790 | +€7,565 | +340% |
| Amounts payable within one year | 42/48 | €2,225 | €9,790 | +€7,565 | +340% |
| Trade debts | 44 | €1,738 | €2,257 | +€519 | +29.8% |
| Suppliers | 440/4 | €1,738 | €2,257 | +€519 | +29.8% |
| Taxes, remuneration and social security | 45 | €487 | €7,533 | +€7,046 | +1,447% |
| Taxes | 450/3 | €487 | €7,533 | +€7,046 | +1,447% |
| Turnover | 70 | €106,063 | - | -€106,063 | |
| Goods, raw materials, services and sundry goods | 60/61 | €65,011 | - | -€65,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,502 | €13,662 | -€839 | -5.8% |
| Other operating charges | 640/8 | €1,773 | €702 | -€1,071 | -60.4% |
| Gross operating margin | 9900 | €43,067 | €31,239 | -€11,828 | -27.5% |
| Operating profit (loss) | 9901 | €26,792 | €16,875 | -€9,917 | -37.0% |
| Financial income | 75/76B | €1,432 | €2,578 | +€1,146 | +80.0% |
| Recurring financial income | 75 | €1,432 | €2,578 | +€1,146 | +80.0% |
| Financial charges | 65/66B | €106 | €115 | +€9 | +8.9% |
| Recurring financial charges | 65 | €106 | €115 | +€9 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €28,119 | €19,338 | -€8,781 | -31.2% |
| Income taxes | 67/77 | €9,487 | €7,046 | -€2,441 | -25.7% |
| Profit (loss) for the period | 9904 | €18,632 | €12,292 | -€6,340 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,632 | €12,292 | -€6,340 | -34.0% |
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 31 October 2026 via checked.be.