ITRAD: 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.
ITRAD
Largest movements
- Receivables within one year +€34,628
up €34,628 (+54.4%), from €63,662 to €98,290
of which Other amounts receivable: +€33,265
- Tangible fixed assets +€2,768
up €2,768 (+4.3%), from €65,096 to €67,864
of which Furniture and vehicles: +€10,256
- Other debts +€24,000
up €24,000 (+92.3%), from €26,000 to €50,000
- Tax, wage and social debts +€19,880
up €19,880 (+97.6%), from €20,366 to €40,246
of which Taxes: +€19,579
- Debts after one year -€10,725
down €10,725 (-58.1%), from €18,472 to €7,747
- Profit (loss) carried forward +€9,499
up €9,499 (+25.1%), from €37,901 to €47,400
- Current portion of long-term debt -€3,326
down €3,326 (-23.7%), from €14,051 to €10,725
- Gross operating margin +€52,355
up €52,355 (+128.7%), from €40,688 to €93,043
- Taxes +€12,454
up €12,454 (+235.3%), from €5,292 to €17,746
- Financial income -€5,387
down €5,387 (-58.7%), from €9,175 to €3,788
of which Non-recurring financial income: -€7,697
- Staff costs +€2,508
new in 2023: €2,508
- Depreciation +€2,164
up €2,164 (+20.9%), from €10,367 to €12,531
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,660 | €170,058 | +€36,398 | +27.2% |
| Fixed assets | 21/28 | €65,246 | €68,014 | +€2,768 | +4.2% |
| Tangible fixed assets | 22/27 | €65,096 | €67,864 | +€2,768 | +4.3% |
| Plant, machinery and equipment | 23 | €10,318 | €8,657 | -€1,661 | -16.1% |
| Furniture and vehicles | 24 | €2,373 | €12,629 | +€10,256 | +432.2% |
| Other tangible fixed assets | 26 | €52,405 | €46,578 | -€5,827 | -11.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €68,414 | €102,044 | +€33,630 | +49.2% |
| Amounts receivable within one year | 40/41 | €63,662 | €98,290 | +€34,628 | +54.4% |
| Trade receivables | 40 | €17,447 | €18,810 | +€1,363 | +7.8% |
| Other amounts receivable | 41 | €46,215 | €79,480 | +€33,265 | +72.0% |
| Cash at bank and in hand | 54/58 | €4,315 | €3,087 | -€1,228 | -28.5% |
| Deferred charges and accrued income | 490/1 | €437 | €667 | +€230 | +52.6% |
| Total equity and liabilities | 10/49 | €133,660 | €170,058 | +€36,398 | +27.2% |
| Equity | 10/15 | €49,567 | €59,066 | +€9,499 | +19.2% |
| Reserves | 13 | €11,666 | €11,666 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,666 | €11,666 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,666 | €11,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,901 | €47,400 | +€9,499 | +25.1% |
| Amounts payable | 17/49 | €84,093 | €110,992 | +€26,899 | +32.0% |
| Amounts payable after more than one year | 17 | €18,472 | €7,747 | -€10,725 | -58.1% |
| Financial debts | 170/4 | €18,472 | €7,747 | -€10,725 | -58.1% |
| Amounts payable within one year | 42/48 | €65,621 | €102,861 | +€37,240 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €14,051 | €10,725 | -€3,326 | -23.7% |
| Trade debts | 44 | €5,204 | €1,890 | -€3,314 | -63.7% |
| Suppliers | 440/4 | €5,204 | €1,890 | -€3,314 | -63.7% |
| Taxes, remuneration and social security | 45 | €20,366 | €40,246 | +€19,880 | +97.6% |
| Taxes | 450/3 | €20,366 | €39,945 | +€19,579 | +96.1% |
| Remuneration and social security | 454/9 | - | €301 | +€301 | |
| Other amounts payable | 47/48 | €26,000 | €50,000 | +€24,000 | +92.3% |
| Accrued charges and deferred income | 492/3 | - | €384 | +€384 | |
| Remuneration, social security and pensions | 62 | - | €2,508 | +€2,508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,367 | €12,531 | +€2,164 | +20.9% |
| Other operating charges | 640/8 | €2,038 | €2,200 | +€162 | +7.9% |
| Gross operating margin | 9900 | €40,688 | €93,043 | +€52,355 | +128.7% |
| Operating profit (loss) | 9901 | €28,283 | €75,804 | +€47,521 | +168.0% |
| Financial income | 75/76B | €9,175 | €3,788 | -€5,387 | -58.7% |
| Recurring financial income | 75 | €1,478 | €3,788 | +€2,310 | +156.3% |
| Non-recurring financial income | 76B | €7,697 | - | -€7,697 | |
| Financial charges | 65/66B | €2,547 | €2,347 | -€200 | -7.9% |
| Recurring financial charges | 65 | €2,547 | €2,347 | -€200 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €34,911 | €77,245 | +€42,334 | +121.3% |
| Income taxes | 67/77 | €5,292 | €17,746 | +€12,454 | +235.3% |
| Profit (loss) for the period | 9904 | €29,619 | €59,499 | +€29,880 | +100.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,619 | €59,499 | +€29,880 | +100.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.