Itrusd: 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.
Itrusd
Largest movements
- Current investments +€637,437
up €637,437 (+172.1%), from €370,415 to €1.0m
- Receivables after one year +€365,000
new in 2025: €365,000
- Cash -€226,586
down €226,586 (-82.6%), from €274,189 to €47,603
mainly Current investments (-€637,437) and Contributions, distributions and other (-€386,031)
- Financial fixed assets -€100,000
down €100,000 (-99.9%), from €100,090 to €90
- Tangible fixed assets -€54,253
down €54,253 (-21.1%), from €257,491 to €203,238
of which Furniture and vehicles: -€29,812
- Other debts +€390,928
up €390,928 (+827.6%), from €47,238 to €438,166
- Reserves +€161,527
up €161,527 (+18.4%), from €877,811 to €1.0m
- Tax, wage and social debts +€66,716
up €66,716 (+669.0%), from €9,973 to €76,689
- Financial income +€665,294
up €665,294 (+7712.0%), from €8,627 to €673,921
- Taxes +€193,102
up €193,102 (+266.3%), from €72,521 to €265,623
- Gross operating margin -€66,029
down €66,029 (-26.1%), from €252,888 to €186,859
- Depreciation -€7,753
down €7,753 (-20.2%), from €38,363 to €30,610
- Other operating charges -€4,821
down €4,821 (-33.3%), from €14,474 to €9,652
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 | €1,031,427 | €1,661,968 | +€630,541 | +61.1% |
| Fixed assets | 21/28 | €357,581 | €203,328 | -€154,253 | -43.1% |
| Tangible fixed assets | 22/27 | €257,491 | €203,238 | -€54,253 | -21.1% |
| Land and buildings | 22 | €98,989 | €94,329 | -€4,659 | -4.7% |
| Plant, machinery and equipment | 23 | €5,986 | €3,596 | -€2,390 | -39.9% |
| Furniture and vehicles | 24 | €44,183 | €14,371 | -€29,812 | -67.5% |
| Other tangible fixed assets | 26 | €108,333 | €90,941 | -€17,392 | -16.1% |
| Financial fixed assets | 28 | €100,090 | €90 | -€100,000 | -99.9% |
| Current assets | 29/58 | €673,846 | €1,458,640 | +€784,794 | +116.5% |
| Amounts receivable after more than one year | 29 | - | €365,000 | +€365,000 | |
| Other amounts receivable | 291 | - | €365,000 | +€365,000 | |
| Amounts receivable within one year | 40/41 | €23,690 | €36,513 | +€12,823 | +54.1% |
| Trade receivables | 40 | €23,029 | €36,513 | +€13,484 | +58.6% |
| Other amounts receivable | 41 | €662 | €0 | -€662 | -100.0% |
| Current investments | 50/53 | €370,415 | €1,007,852 | +€637,437 | +172.1% |
| Cash at bank and in hand | 54/58 | €274,189 | €47,603 | -€226,586 | -82.6% |
| Deferred charges and accrued income | 490/1 | €5,552 | €1,672 | -€3,880 | -69.9% |
| Total equity and liabilities | 10/49 | €1,031,427 | €1,661,968 | +€630,541 | +61.1% |
| Equity | 10/15 | €915,723 | €1,077,249 | +€161,527 | +17.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €877,811 | €1,039,338 | +€161,527 | +18.4% |
| Distributable reserves | 133 | €877,811 | €1,039,338 | +€161,527 | +18.4% |
| Profit (loss) carried forward | 14 | €31,711 | €31,711 | = | 0.0% |
| Amounts payable | 17/49 | €115,704 | €584,718 | +€469,015 | +405.4% |
| Amounts payable after more than one year | 17 | €39,618 | €33,504 | -€6,114 | -15.4% |
| Financial debts | 170/4 | €39,618 | €33,504 | -€6,114 | -15.4% |
| Amounts payable within one year | 42/48 | €73,354 | €548,274 | +€474,919 | +647.4% |
| Current portion of amounts payable after more than one year | 42 | €5,966 | €6,114 | +€148 | +2.5% |
| Financial debts | 43 | - | €16,415 | +€16,415 | |
| Credit institutions | 430/8 | - | €16,415 | +€16,415 | |
| Trade debts | 44 | €10,177 | €10,890 | +€713 | +7.0% |
| Suppliers | 440/4 | €10,177 | €10,890 | +€713 | +7.0% |
| Taxes, remuneration and social security | 45 | €9,973 | €76,689 | +€66,716 | +669.0% |
| Taxes | 450/3 | €9,973 | €76,689 | +€66,716 | +669.0% |
| Other amounts payable | 47/48 | €47,238 | €438,166 | +€390,928 | +827.6% |
| Accrued charges and deferred income | 492/3 | €2,731 | €2,941 | +€210 | +7.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,363 | €30,610 | -€7,753 | -20.2% |
| Other operating charges | 640/8 | €14,474 | €9,652 | -€4,821 | -33.3% |
| Gross operating margin | 9900 | €252,888 | €186,859 | -€66,029 | -26.1% |
| Operating profit (loss) | 9901 | €200,050 | €146,596 | -€53,455 | -26.7% |
| Financial income | 75/76B | €8,627 | €673,921 | +€665,294 | +7712.0% |
| Recurring financial income | 75 | €8,627 | €673,921 | +€665,294 | +7712.0% |
| Financial charges | 65/66B | €6,108 | €7,337 | +€1,228 | +20.1% |
| Recurring financial charges | 65 | €6,108 | €7,337 | +€1,228 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €202,569 | €813,180 | +€610,611 | +301.4% |
| Income taxes | 67/77 | €72,521 | €265,623 | +€193,102 | +266.3% |
| Profit (loss) for the period | 9904 | €130,048 | €547,557 | +€417,509 | +321.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,048 | €547,557 | +€417,509 | +321.0% |
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 8 October 2026 via checked.be.