ITRADE SERVICES: 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.
ITRADE SERVICES
Largest movements
- Cash +€26,655
up €26,655 (+179%), from €14,909 to €41,564
mainly Net result for the year (+€24,849) and Depreciation (+€18,541)
- Tangible fixed assets -€18,541
down €18,541 (-10.7%), from €173,026 to €154,484
of which Leasing and similar rights: -€16,469
- Receivables within one year +€15,389
up €15,389 (+106%), from €14,577 to €29,965
of which Other amounts receivable: +€8,280
- Profit (loss) carried forward +€24,849
up €24,849 (+35.2%), from €70,545 to €95,394
- Debts after one year -€11,109
down €11,109 (-9.3%), from €119,799 to €108,690
- Provisions +€6,387
new in 2025: €6,387
- Trade debts +€3,121
up €3,121 (+5,265%), from €59 to €3,180
- Gross operating margin +€42,983
up €42,983 (+732%), from €5,868 to €48,851
- Other operating charges -€1,005
down €1,005 (-45.8%), from €2,195 to €1,190
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 | €255,372 | €278,875 | +€23,503 | +9.2% |
| Fixed assets | 21/28 | €178,246 | €159,705 | -€18,541 | -10.4% |
| Tangible fixed assets | 22/27 | €173,026 | €154,484 | -€18,541 | -10.7% |
| Land and buildings | 22 | €1,439 | €1,236 | -€202 | -14.1% |
| Plant, machinery and equipment | 23 | €5,605 | €4,268 | -€1,336 | -23.8% |
| Furniture and vehicles | 24 | €1,288 | €755 | -€533 | -41.4% |
| Leasing and similar rights | 25 | €164,695 | €148,225 | -€16,469 | -10.0% |
| Financial fixed assets | 28 | €5,221 | €5,221 | = | 0.0% |
| Current assets | 29/58 | €77,126 | €119,170 | +€42,044 | +54.5% |
| Amounts receivable after more than one year | 29 | €47,640 | €47,640 | = | 0.0% |
| Other amounts receivable | 291 | €47,640 | €47,640 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,577 | €29,965 | +€15,389 | +106% |
| Trade receivables | 40 | - | €7,109 | +€7,109 | |
| Other amounts receivable | 41 | €14,577 | €22,857 | +€8,280 | +56.8% |
| Cash at bank and in hand | 54/58 | €14,909 | €41,564 | +€26,655 | +179% |
| Total equity and liabilities | 10/49 | €255,372 | €278,875 | +€23,503 | +9.2% |
| Equity | 10/15 | €124,660 | €149,509 | +€24,849 | +19.9% |
| Contributions | 10/11 | €47,193 | €47,193 | = | 0.0% |
| Reserves | 13 | €6,923 | €6,923 | = | 0.0% |
| Distributable reserves | 133 | €6,923 | €6,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,545 | €95,394 | +€24,849 | +35.2% |
| Provisions and deferred taxes | 16 | - | €6,387 | +€6,387 | |
| Provisions for liabilities and charges | 160/5 | - | €6,387 | +€6,387 | |
| Taxes | 161 | - | €6,387 | +€6,387 | |
| Amounts payable | 17/49 | €130,711 | €122,979 | -€7,732 | -5.9% |
| Amounts payable after more than one year | 17 | €119,799 | €108,690 | -€11,109 | -9.3% |
| Financial debts | 170/4 | €119,799 | €108,690 | -€11,109 | -9.3% |
| Amounts payable within one year | 42/48 | €10,913 | €14,289 | +€3,377 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €10,814 | €11,109 | +€295 | +2.7% |
| Trade debts | 44 | €59 | €3,180 | +€3,121 | +5,265% |
| Suppliers | 440/4 | €59 | €3,180 | +€3,121 | +5,265% |
| Taxes, remuneration and social security | 45 | €39 | - | -€39 | |
| Taxes | 450/3 | €39 | - | -€39 | |
| Non-recurring operating income | 76A | €4,586 | - | -€4,586 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,248 | €18,541 | +€293 | +1.6% |
| Other operating charges | 640/8 | €2,195 | €1,190 | -€1,005 | -45.8% |
| Gross operating margin | 9900 | €5,868 | €48,851 | +€42,983 | +732% |
| Operating profit (loss) | 9901 | -€14,575 | €29,120 | +€43,695 | |
| Financial income | 75/76B | €95 | - | -€95 | |
| Recurring financial income | 75 | €95 | - | -€95 | |
| Financial charges | 65/66B | €3,874 | €4,091 | +€217 | +5.6% |
| Recurring financial charges | 65 | €3,874 | €4,091 | +€217 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,354 | €25,029 | +€43,383 | |
| Income taxes | 67/77 | €235 | €180 | -€55 | -23.2% |
| Profit (loss) for the period | 9904 | -€18,589 | €24,849 | +€43,438 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,589 | €24,849 | +€43,438 |
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 17 October 2026 via checked.be.