ITRAN: 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.
ITRAN
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€53,182
down €53,182 (-21.9%), from €243,158 to €189,976
mainly Current investments (-€80,000) and Accrued charges and deferred income (-€10,162)
- Receivables within one year +€6,971
up €6,971 (+73.4%), from €9,493 to €16,464
of which Other amounts receivable: +€7,184
- Tangible fixed assets -€4,410
down €4,410 (-12.3%), from €35,887 to €31,477
- Reserves +€43,585
up €43,585 (+17.5%), from €249,636 to €293,222
- Accrued charges and deferred income -€10,162
no longer reported in 2025 (was €10,162)
- Debts after one year -€4,381
down €4,381 (-33.9%), from €12,938 to €8,558
- Gross operating margin -€22,662
down €22,662 (-24.9%), from €90,920 to €68,258
- Taxes -€5,763
down €5,763 (-24.6%), from €23,408 to €17,644
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 | €289,325 | €318,560 | +€29,235 | +10.1% |
| Fixed assets | 21/28 | €35,937 | €31,527 | -€4,410 | -12.3% |
| Tangible fixed assets | 22/27 | €35,887 | €31,477 | -€4,410 | -12.3% |
| Land and buildings | 22 | €20,467 | €19,378 | -€1,089 | -5.3% |
| Furniture and vehicles | 24 | €2,071 | €416 | -€1,655 | -79.9% |
| Other tangible fixed assets | 26 | €13,349 | €11,683 | -€1,666 | -12.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €253,388 | €287,033 | +€33,645 | +13.3% |
| Amounts receivable within one year | 40/41 | €9,493 | €16,464 | +€6,971 | +73.4% |
| Trade receivables | 40 | €213 | - | -€213 | |
| Other amounts receivable | 41 | €9,281 | €16,464 | +€7,184 | +77.4% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €243,158 | €189,976 | -€53,182 | -21.9% |
| Deferred charges and accrued income | 490/1 | €736 | €592 | -€144 | -19.5% |
| Total equity and liabilities | 10/49 | €289,325 | €318,560 | +€29,235 | +10.1% |
| Equity | 10/15 | €262,036 | €305,622 | +€43,585 | +16.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €249,636 | €293,222 | +€43,585 | +17.5% |
| Distributable reserves | 133 | €249,636 | €293,222 | +€43,585 | +17.5% |
| Amounts payable | 17/49 | €27,289 | €12,938 | -€14,351 | -52.6% |
| Amounts payable after more than one year | 17 | €12,938 | €8,558 | -€4,381 | -33.9% |
| Financial debts | 170/4 | €12,938 | €8,558 | -€4,381 | -33.9% |
| Amounts payable within one year | 42/48 | €4,189 | €4,381 | +€192 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €4,189 | €4,381 | +€192 | +4.6% |
| Accrued charges and deferred income | 492/3 | €10,162 | - | -€10,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,439 | €4,410 | -€28 | -0.6% |
| Other operating charges | 640/8 | €434 | €408 | -€26 | -6.0% |
| Gross operating margin | 9900 | €90,920 | €68,258 | -€22,662 | -24.9% |
| Operating profit (loss) | 9901 | €86,047 | €63,440 | -€22,607 | -26.3% |
| Financial charges | 65/66B | €2,842 | €2,210 | -€631 | -22.2% |
| Recurring financial charges | 65 | €2,842 | €2,210 | -€631 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €83,206 | €61,230 | -€21,976 | -26.4% |
| Income taxes | 67/77 | €23,408 | €17,644 | -€5,763 | -24.6% |
| Profit (loss) for the period | 9904 | €59,798 | €43,585 | -€16,213 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,798 | €43,585 | -€16,213 | -27.1% |
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 9 October 2026 via checked.be.