Itrans4M2: 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.
Itrans4M2
Largest movements
- Receivables within one year +€15,656
up €15,656 (+443.3%), from €3,532 to €19,188
of which Trade receivables: +€19,188
- Cash +€6,151
up €6,151 (+138.1%), from €4,455 to €10,606
mainly Net result for the year (+€39,014) and Tax, wage and social debts (+€3,199)
- Tangible fixed assets -€877
down €877 (-13.4%), from €6,537 to €5,660
of which Furniture and vehicles: -€721
- Profit (loss) carried forward +€39,014
up €39,014 (+57.8%), from -€67,470 to -€28,456
- Other debts -€21,850
down €21,850 (-21.5%), from €101,417 to €79,567
- Tax, wage and social debts +€3,199
up €3,199 (+3264.3%), from €98 to €3,297
- Trade debts +€960
up €960 (+200.4%), from €479 to €1,439
- Gross operating margin +€66,237
up €66,237, from -€24,705 to €41,532
- Depreciation +€1,067
up €1,067 (+98.5%), from €1,083 to €2,150
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 | €39,524 | €60,847 | +€21,323 | +53.9% |
| Fixed assets | 21/28 | €31,537 | €30,660 | -€877 | -2.8% |
| Tangible fixed assets | 22/27 | €6,537 | €5,660 | -€877 | -13.4% |
| Plant, machinery and equipment | 23 | €3,182 | €3,026 | -€156 | -4.9% |
| Furniture and vehicles | 24 | €3,355 | €2,634 | -€721 | -21.5% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €7,987 | €30,187 | +€22,200 | +278.0% |
| Amounts receivable within one year | 40/41 | €3,532 | €19,188 | +€15,656 | +443.3% |
| Trade receivables | 40 | - | €19,188 | +€19,188 | |
| Other amounts receivable | 41 | €3,532 | - | -€3,532 | |
| Cash at bank and in hand | 54/58 | €4,455 | €10,606 | +€6,151 | +138.1% |
| Deferred charges and accrued income | 490/1 | - | €393 | +€393 | |
| Total equity and liabilities | 10/49 | €39,524 | €60,847 | +€21,323 | +53.9% |
| Equity | 10/15 | -€62,470 | -€23,456 | +€39,014 | +62.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,470 | -€28,456 | +€39,014 | +57.8% |
| Amounts payable | 17/49 | €101,994 | €84,303 | -€17,691 | -17.3% |
| Amounts payable within one year | 42/48 | €101,994 | €84,303 | -€17,691 | -17.3% |
| Trade debts | 44 | €479 | €1,439 | +€960 | +200.4% |
| Suppliers | 440/4 | €479 | €1,439 | +€960 | +200.4% |
| Taxes, remuneration and social security | 45 | €98 | €3,297 | +€3,199 | +3264.3% |
| Taxes | 450/3 | €98 | €3,297 | +€3,199 | +3264.3% |
| Other amounts payable | 47/48 | €101,417 | €79,567 | -€21,850 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €2,150 | +€1,067 | +98.5% |
| Gross operating margin | 9900 | -€24,705 | €41,532 | +€66,237 | |
| Operating profit (loss) | 9901 | -€25,788 | €39,382 | +€65,170 | |
| Financial charges | 65/66B | €65 | €203 | +€138 | +212.3% |
| Recurring financial charges | 65 | €65 | €203 | +€138 | +212.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,853 | €39,179 | +€65,032 | |
| Income taxes | 67/77 | €98 | €165 | +€67 | +68.4% |
| Profit (loss) for the period | 9904 | -€25,951 | €39,014 | +€64,965 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,951 | €39,014 | +€64,965 |
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 5 October 2026 via checked.be.