Itron Belgium: 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.
What changed
Itron Belgium
NACE 46.646, Wholesale trade
financial year 2024 compared with 2022not consecutivefiled annual accounts (NBB)
Net result for the year
€102,241
2022 · €140,854-€38,613
Equity
-
2022 · €6.9m-€6.9m
Cash
€149,623
2022 · €233,597-€83,974
Balance sheet total
€9.5m
2022 · €10.6m-€1.0m
Largest movements
Assets
- Receivables within one year -€827,327
down €827,327 (-8.2%), from €10.1m to €9.2m
of which Trade receivables: -€2.4m
Equity and liabilities
- Total equity and liabilities -€1.0m
down €1.0m (-9.7%), from €10.6m to €9.5m
of which Equity: -€6.9m
Income statement
- Staff costs -€3.0m
down €3.0m (-66.8%), from €4.5m to €1.5m
- Other operating income -€2.6m
down €2.6m (-55.2%), from €4.7m to €2.1m
- Turnover -€1.1m
down €1.1m (-23.8%), from €4.8m to €3.7m
- Goods and materials -€885,323
down €885,323 (-21.7%), from €4.1m to €3.2m
- Services and other goods +€258,246
up €258,246 (+39.5%), from €653,656 to €911,902
From the 2022 result to the 2024 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.
Result 2022
€140,854
Turnover
-€1.1m
Other operating income
-€2.6m
Goods and materials
+€885,323
Services and other goods
-€258,246
Staff costs
+€3.0m
Depreciation
+€1,552
Write-downs
+€8,339
Financial charges
+€16,354
Taxes
+€30,145
Result 2024
€102,241
raises the resultlowers the result
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,550,166 | €9,531,420 | -€1.0m | -9.7% |
| Fixed assets | 21/28 | €13,223 | €6,515 | -€6,708 | -50.7% |
| Tangible fixed assets | 22/27 | €13,223 | €6,515 | -€6,708 | -50.7% |
| Furniture and vehicles | 24 | €2,500 | €6,515 | +€4,015 | +161% |
| Assets under construction and advance payments | 27 | €10,723 | - | -€10,723 | |
| Current assets | 29/58 | €10,536,943 | €9,524,905 | -€1.0m | -9.6% |
| Stocks and contracts in progress | 3 | €140,040 | €53,981 | -€86,059 | -61.5% |
| Stocks | 30/36 | €140,040 | €53,981 | -€86,059 | -61.5% |
| Raw materials and consumables | 30/31 | €43,955 | - | -€43,955 | |
| Goods purchased for resale | 34 | €96,085 | €53,981 | -€42,104 | -43.8% |
| Amounts receivable within one year | 40/41 | €10,058,577 | €9,231,250 | -€827,327 | -8.2% |
| Trade receivables | 40 | €3,297,960 | €863,171 | -€2.4m | -73.8% |
| Other amounts receivable | 41 | €6,760,617 | €8,368,079 | +€1.6m | +23.8% |
| Cash at bank and in hand | 54/58 | €233,597 | €149,623 | -€83,974 | -35.9% |
| Deferred charges and accrued income | 490/1 | €104,729 | €90,051 | -€14,678 | -14.0% |
| Total equity and liabilities | 10/49 | €10,550,166 | €9,531,420 | -€1.0m | -9.7% |
| Equity | 10/15 | €6,876,625 | - | -€6.9m | |
| Contributions | 10/11 | €1,338,625 | €1,338,625 | = | 0.0% |
| Capital | 10 | €1,338,625 | €1,338,625 | = | 0.0% |
| Issued capital | 100 | €1,338,625 | €1,338,625 | = | 0.0% |
| Reserves | 13 | €692,990 | €692,990 | = | 0.0% |
| Non-distributable reserves | 130/1 | €190,854 | €190,854 | = | 0.0% |
| Legal reserve | 130 | €133,862 | €133,862 | = | 0.0% |
| Other | 1319 | €56,992 | €56,992 | = | 0.0% |
| Tax-exempt reserves | 132 | €502,136 | €502,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,845,010 | €5,240,406 | +€395,396 | +8.2% |
| Provisions and deferred taxes | 16 | €25,600 | - | -€25,600 | |
| Provisions for liabilities and charges | 160/5 | €25,600 | €25,600 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,600 | €25,600 | = | 0.0% |
| Amounts payable | 17/49 | €3,647,941 | €2,233,799 | -€1.4m | -38.8% |
| Amounts payable within one year | 42/48 | €3,643,608 | €2,172,139 | -€1.5m | -40.4% |
| Trade debts | 44 | €1,366,235 | €1,794,344 | +€428,109 | +31.3% |
| Suppliers | 440/4 | €1,366,235 | €1,794,344 | +€428,109 | +31.3% |
| Taxes, remuneration and social security | 45 | €2,277,373 | €377,795 | -€1.9m | -83.4% |
| Taxes | 450/3 | €1,451,542 | €17,846 | -€1.4m | -98.8% |
| Remuneration and social security | 454/9 | €825,831 | €359,949 | -€465,882 | -56.4% |
| Accrued charges and deferred income | 492/3 | €4,333 | €61,660 | +€57,327 | +1,323% |
| Operating income | 70/76A | €9,491,826 | €5,769,425 | -€3.7m | -39.2% |
| Turnover | 70 | €4,825,993 | €3,678,466 | -€1.1m | -23.8% |
| Other operating income | 74 | €4,665,833 | €2,090,959 | -€2.6m | -55.2% |
| Operating charges | 60/66A | €9,221,894 | €5,584,605 | -€3.6m | -39.4% |
| Goods for resale, raw materials and consumables | 60 | €4,086,654 | €3,201,331 | -€885,323 | -21.7% |
| Change in stocks: decrease (increase) | 609 | €247,986 | €27,911 | -€220,075 | -88.7% |
| Services and other goods | 61 | €653,656 | €911,902 | +€258,246 | +39.5% |
| Remuneration, social security and pensions | 62 | €4,490,445 | €1,490,124 | -€3.0m | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,891 | €2,339 | -€1,552 | -39.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,752 | -€21,091 | -€8,339 | -65.4% |
| Operating profit (loss) | 9901 | €269,932 | €184,820 | -€85,112 | -31.5% |
| Financial charges | 65/66B | €28,927 | €12,573 | -€16,354 | -56.5% |
| Recurring financial charges | 65 | €28,927 | €12,573 | -€16,354 | -56.5% |
| Other financial charges | 652/9 | €28,927 | €12,573 | -€16,354 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €241,005 | €172,247 | -€68,758 | -28.5% |
| Income taxes | 67/77 | €100,151 | €70,006 | -€30,145 | -30.1% |
| Taxes | 670/3 | €100,151 | €70,006 | -€30,145 | -30.1% |
| Profit (loss) for the period | 9904 | €140,854 | €102,241 | -€38,613 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €140,854 | €102,241 | -€38,613 | -27.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.