ITS: 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.
ITS
Largest movements
- Receivables within one year +€28,388
up €28,388 (+268.1%), from €10,588 to €38,976
of which Other amounts receivable: +€25,000
- Reserves +€52,100
up €52,100 (+33.6%), from €155,013 to €207,113
- Other debts -€31,272
down €31,272 (-58.9%), from €53,090 to €21,818
- Tax, wage and social debts +€12,855
up €12,855 (+728.5%), from €1,765 to €14,620
of which Taxes: +€11,355
- Gross operating margin +€61,824
up €61,824 (+460.5%), from €13,425 to €75,249
- Taxes +€16,127
up €16,127 (+6141.7%), from €263 to €16,390
- Financial charges -€2,310
down €2,310 (-54.8%), from €4,217 to €1,908
- Depreciation +€977
up €977 (+41.9%), from €2,330 to €3,307
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 | €262,886 | €296,267 | +€33,382 | +12.7% |
| Fixed assets | 21/28 | €61,126 | €63,660 | +€2,534 | +4.1% |
| Tangible fixed assets | 22/27 | €11,126 | €13,660 | +€2,534 | +22.8% |
| Land and buildings | 22 | €7,128 | €10,595 | +€3,467 | +48.6% |
| Plant, machinery and equipment | 23 | €3,998 | €3,065 | -€933 | -23.3% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €201,760 | €232,607 | +€30,847 | +15.3% |
| Amounts receivable within one year | 40/41 | €10,588 | €38,976 | +€28,388 | +268.1% |
| Trade receivables | 40 | €10,588 | €13,976 | +€3,388 | +32.0% |
| Other amounts receivable | 41 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €190,539 | €192,970 | +€2,431 | +1.3% |
| Deferred charges and accrued income | 490/1 | €633 | €662 | +€28 | +4.5% |
| Total equity and liabilities | 10/49 | €262,886 | €296,267 | +€33,382 | +12.7% |
| Equity | 10/15 | €201,690 | €253,813 | +€52,122 | +25.8% |
| Contributions | 10/11 | €38,592 | €38,592 | = | 0.0% |
| Reserves | 13 | €155,013 | €207,113 | +€52,100 | +33.6% |
| Distributable reserves | 133 | €155,013 | €207,113 | +€52,100 | +33.6% |
| Profit (loss) carried forward | 14 | €8,085 | €8,107 | +€22 | +0.3% |
| Amounts payable | 17/49 | €61,195 | €42,455 | -€18,741 | -30.6% |
| Amounts payable within one year | 42/48 | €57,092 | €40,656 | -€16,436 | -28.8% |
| Trade debts | 44 | €2,237 | €4,218 | +€1,981 | +88.5% |
| Suppliers | 440/4 | €2,237 | €4,218 | +€1,981 | +88.5% |
| Taxes, remuneration and social security | 45 | €1,765 | €14,620 | +€12,855 | +728.5% |
| Taxes | 450/3 | €1,765 | €13,120 | +€11,355 | +643.5% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €53,090 | €21,818 | -€31,272 | -58.9% |
| Accrued charges and deferred income | 492/3 | €4,103 | €1,798 | -€2,305 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,330 | €3,307 | +€977 | +41.9% |
| Other operating charges | 640/8 | €1,096 | €1,527 | +€430 | +39.2% |
| Gross operating margin | 9900 | €13,425 | €75,249 | +€61,824 | +460.5% |
| Operating profit (loss) | 9901 | €9,998 | €70,415 | +€60,417 | +604.3% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €4,217 | €1,908 | -€2,310 | -54.8% |
| Recurring financial charges | 65 | €4,217 | €1,908 | -€2,310 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | €5,781 | €68,513 | +€62,732 | +1085.2% |
| Income taxes | 67/77 | €263 | €16,390 | +€16,127 | +6141.7% |
| Profit (loss) for the period | 9904 | €5,518 | €52,122 | +€46,604 | +844.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,518 | €52,122 | +€46,604 | +844.5% |
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 28 September 2026 via checked.be.