iTRUST GROUP: 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.
iTRUST GROUP
Largest movements
- Tangible fixed assets -€14,275
down €14,275 (-3.9%), from €369,783 to €355,508
- Profit (loss) carried forward +€22,259
up €22,259 (+10.1%), from -€220,958 to -€198,699
- Debts after one year -€20,913
down €20,913 (-2.1%), from €982,916 to €962,004
of which Financial debts: -€20,913
- Gross operating margin +€955
up €955 (+2.2%), from €43,503 to €44,458
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 | €1,307,386 | €1,310,783 | +€3,397 | +0.3% |
| Fixed assets | 21/28 | €542,693 | €528,418 | -€14,275 | -2.6% |
| Tangible fixed assets | 22/27 | €369,783 | €355,508 | -€14,275 | -3.9% |
| Land and buildings | 22 | €369,783 | €355,508 | -€14,275 | -3.9% |
| Financial fixed assets | 28 | €172,910 | €172,910 | = | 0.0% |
| Current assets | 29/58 | €764,693 | €782,364 | +€17,671 | +2.3% |
| Amounts receivable after more than one year | 29 | €690,027 | €698,139 | +€8,112 | +1.2% |
| Other amounts receivable | 291 | €690,027 | €698,139 | +€8,112 | +1.2% |
| Amounts receivable within one year | 40/41 | €33,610 | €38,454 | +€4,844 | +14.4% |
| Trade receivables | 40 | €414 | €5,384 | +€4,970 | +1201.5% |
| Other amounts receivable | 41 | €33,197 | €33,071 | -€126 | -0.4% |
| Cash at bank and in hand | 54/58 | €41,055 | €45,771 | +€4,716 | +11.5% |
| Total equity and liabilities | 10/49 | €1,307,386 | €1,310,783 | +€3,397 | +0.3% |
| Equity | 10/15 | €301,680 | €323,939 | +€22,259 | +7.4% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €92,638 | €92,638 | = | 0.0% |
| Distributable reserves | 133 | €92,638 | €92,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,958 | -€198,699 | +€22,259 | +10.1% |
| Amounts payable | 17/49 | €1,005,706 | €986,844 | -€18,863 | -1.9% |
| Amounts payable after more than one year | 17 | €982,916 | €962,004 | -€20,913 | -2.1% |
| Financial debts | 170/4 | €125,296 | €104,384 | -€20,913 | -16.7% |
| Other amounts payable | 178/9 | €857,620 | €857,620 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,790 | €24,840 | +€2,050 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €22,398 | €22,645 | +€248 | +1.1% |
| Trade debts | 44 | €392 | €2,195 | +€1,802 | +459.3% |
| Suppliers | 440/4 | €392 | €2,195 | +€1,802 | +459.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,275 | €14,275 | = | 0.0% |
| Other operating charges | 640/8 | €5,442 | €5,603 | +€161 | +3.0% |
| Gross operating margin | 9900 | €43,503 | €44,458 | +€955 | +2.2% |
| Operating profit (loss) | 9901 | €23,786 | €24,581 | +€794 | +3.3% |
| Financial income | 75/76B | €166 | €0 | -€166 | -100.0% |
| Recurring financial income | 75 | €166 | €0 | -€166 | -100.0% |
| Financial charges | 65/66B | €2,529 | €2,321 | -€208 | -8.2% |
| Recurring financial charges | 65 | €2,529 | €2,321 | -€208 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €21,424 | €22,259 | +€836 | +3.9% |
| Profit (loss) for the period | 9904 | €21,424 | €22,259 | +€836 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,424 | €22,259 | +€836 | +3.9% |
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 11 October 2026 via checked.be.