iTraceiT: 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.
iTraceiT
Largest movements
- Cash +€124,200
up €124,200 (+166.5%), from €74,600 to €198,801
mainly Contributions, distributions and other (+€655,912) and Trade debts (+€183,467)
- Intangible fixed assets +€29,965
up €29,965 (+8.7%), from €342,791 to €372,756
- Receivables within one year +€17,202
up €17,202 (+18.3%), from €93,842 to €111,044
of which Trade receivables: +€21,511
- Stocks and contracts +€9,917
new in 2024: €9,917
- Contributions +€659,500
up €659,500 (+170.9%), from €386,000 to €1.0m
- Profit (loss) carried forward -€639,007
down €639,007 (-88.9%), from -€718,914 to -€1.4m
- Trade debts +€183,467
up €183,467 (+84.7%), from €216,620 to €400,087
- Other debts -€40,799
no longer reported in 2024 (was €40,799)
- Tax, wage and social debts +€30,163
up €30,163 (+108.3%), from €27,857 to €58,020
of which Remuneration and social security: +€30,854
- Gross operating margin -€113,760
down €113,760 (-45.6%), from -€249,587 to -€363,347
- Staff costs +€85,844
up €85,844 (+119.6%), from €71,754 to €157,598
- Depreciation +€45,577
up €45,577 (+113.7%), from €40,072 to €85,649
- Financial charges +€21,635
up €21,635 (+257.8%), from €8,393 to €30,028
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 | €514,237 | €693,983 | +€179,747 | +35.0% |
| Fixed assets | 21/28 | €345,794 | €374,222 | +€28,427 | +8.2% |
| Intangible fixed assets | 21 | €342,791 | €372,756 | +€29,965 | +8.7% |
| Tangible fixed assets | 22/27 | €3,004 | €1,466 | -€1,538 | -51.2% |
| Furniture and vehicles | 24 | €3,004 | €1,466 | -€1,538 | -51.2% |
| Current assets | 29/58 | €168,442 | €319,761 | +€151,319 | +89.8% |
| Stocks and contracts in progress | 3 | - | €9,917 | +€9,917 | |
| Contracts in progress | 37 | - | €9,917 | +€9,917 | |
| Amounts receivable within one year | 40/41 | €93,842 | €111,044 | +€17,202 | +18.3% |
| Trade receivables | 40 | €32,746 | €54,257 | +€21,511 | +65.7% |
| Other amounts receivable | 41 | €61,096 | €56,787 | -€4,309 | -7.1% |
| Cash at bank and in hand | 54/58 | €74,600 | €198,801 | +€124,200 | +166.5% |
| Total equity and liabilities | 10/49 | €514,237 | €693,983 | +€179,747 | +35.0% |
| Equity | 10/15 | -€332,914 | -€312,421 | +€20,493 | +6.2% |
| Contributions | 10/11 | €386,000 | €1,045,500 | +€659,500 | +170.9% |
| Profit (loss) carried forward | 14 | -€718,914 | -€1,357,921 | -€639,007 | -88.9% |
| Amounts payable | 17/49 | €847,150 | €1,006,404 | +€159,254 | +18.8% |
| Amounts payable after more than one year | 17 | €554,780 | €532,928 | -€21,852 | -3.9% |
| Other amounts payable | 178/9 | €554,780 | €532,928 | -€21,852 | -3.9% |
| Amounts payable within one year | 42/48 | €285,275 | €458,107 | +€172,832 | +60.6% |
| Trade debts | 44 | €216,620 | €400,087 | +€183,467 | +84.7% |
| Suppliers | 440/4 | €216,620 | €400,087 | +€183,467 | +84.7% |
| Taxes, remuneration and social security | 45 | €27,857 | €58,020 | +€30,163 | +108.3% |
| Taxes | 450/3 | €7,912 | €7,221 | -€691 | -8.7% |
| Remuneration and social security | 454/9 | €19,945 | €50,799 | +€30,854 | +154.7% |
| Other amounts payable | 47/48 | €40,799 | - | -€40,799 | |
| Accrued charges and deferred income | 492/3 | €7,095 | €15,369 | +€8,273 | +116.6% |
| Remuneration, social security and pensions | 62 | €71,754 | €157,598 | +€85,844 | +119.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,072 | €85,649 | +€45,577 | +113.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €163 | €427 | +€265 | +162.8% |
| Gross operating margin | 9900 | -€249,587 | -€363,347 | -€113,760 | -45.6% |
| Operating profit (loss) | 9901 | -€361,576 | -€607,023 | -€245,446 | -67.9% |
| Financial income | 75/76B | €20 | €1,631 | +€1,611 | +8056.1% |
| Recurring financial income | 75 | €20 | €1,631 | +€1,611 | +8056.1% |
| Financial charges | 65/66B | €8,393 | €30,028 | +€21,635 | +257.8% |
| Recurring financial charges | 65 | €8,393 | €30,028 | +€21,635 | +257.8% |
| Profit (loss) for the period before taxes | 9903 | -€369,950 | -€635,419 | -€265,470 | -71.8% |
| Profit (loss) for the period | 9904 | -€369,950 | -€635,419 | -€265,470 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€369,950 | -€635,419 | -€265,470 | -71.8% |
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 5 October 2026 via checked.be.