ITreyu: 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.
ITreyu
Largest movements
- Cash +€37,603
up €37,603 (+50.3%), from €74,703 to €112,306
mainly Net result for the year (+€47,598) and Other debts (+€7,704)
- Tangible fixed assets +€14,598
up €14,598 (+840%), from €1,739 to €16,337
- Reserves +€37,598
up €37,598 (+65.4%), from €57,466 to €95,064
- Other debts +€7,704
up €7,704 (+196%), from €3,929 to €11,633
- Trade debts +€7,003
up €7,003 (+476%), from €1,471 to €8,474
- Gross operating margin +€23,640
up €23,640 (+50.4%), from €46,876 to €70,516
- Taxes +€4,078
up €4,078 (+32.8%), from €12,451 to €16,529
- Depreciation +€2,319
up €2,319 (+235%), from €986 to €3,305
- Other operating charges +€1,560
up €1,560 (+1,229%), from €127 to €1,687
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 | €95,600 | €147,735 | +€52,134 | +54.5% |
| Fixed assets | 21/28 | €1,739 | €16,337 | +€14,598 | +840% |
| Tangible fixed assets | 22/27 | €1,739 | €16,337 | +€14,598 | +840% |
| Plant, machinery and equipment | 23 | €1,739 | €16,337 | +€14,598 | +840% |
| Current assets | 29/58 | €93,862 | €131,397 | +€37,536 | +40.0% |
| Amounts receivable within one year | 40/41 | €16,630 | €17,690 | +€1,060 | +6.4% |
| Trade receivables | 40 | €16,630 | €17,690 | +€1,060 | +6.4% |
| Cash at bank and in hand | 54/58 | €74,703 | €112,306 | +€37,603 | +50.3% |
| Deferred charges and accrued income | 490/1 | €2,528 | €1,402 | -€1,127 | -44.6% |
| Total equity and liabilities | 10/49 | €95,600 | €147,735 | +€52,134 | +54.5% |
| Equity | 10/15 | €62,466 | €100,064 | +€37,598 | +60.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,466 | €95,064 | +€37,598 | +65.4% |
| Distributable reserves | 133 | €57,466 | €95,064 | +€37,598 | +65.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €33,134 | €47,670 | +€14,536 | +43.9% |
| Amounts payable within one year | 42/48 | €33,134 | €47,670 | +€14,536 | +43.9% |
| Trade debts | 44 | €1,471 | €8,474 | +€7,003 | +476% |
| Suppliers | 440/4 | €1,471 | €8,474 | +€7,003 | +476% |
| Taxes, remuneration and social security | 45 | €27,734 | €27,564 | -€171 | -0.6% |
| Taxes | 450/3 | €27,734 | €27,564 | -€171 | -0.6% |
| Other amounts payable | 47/48 | €3,929 | €11,633 | +€7,704 | +196% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €986 | €3,305 | +€2,319 | +235% |
| Other operating charges | 640/8 | €127 | €1,687 | +€1,560 | +1,229% |
| Gross operating margin | 9900 | €46,876 | €70,516 | +€23,640 | +50.4% |
| Operating profit (loss) | 9901 | €45,763 | €65,524 | +€19,761 | +43.2% |
| Financial charges | 65/66B | €1,992 | €1,397 | -€594 | -29.8% |
| Recurring financial charges | 65 | €1,992 | €1,397 | -€594 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €43,771 | €64,127 | +€20,356 | +46.5% |
| Income taxes | 67/77 | €12,451 | €16,529 | +€4,078 | +32.8% |
| Profit (loss) for the period | 9904 | €31,321 | €47,598 | +€16,277 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,321 | €47,598 | +€16,277 | +52.0% |
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 14 October 2026 via checked.be.