ITS 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.
ITS BELGIUM
Largest movements
- Cash -€738,271
down €738,271 (-78.4%), from €941,514 to €203,243
mainly Current investments (-€500,000) and Receivables within one year (-€95,164)
- Current investments +€500,000
new in 2025: €500,000
- Receivables within one year +€95,164
up €95,164 (+306%), from €31,074 to €126,238
of which Trade receivables: +€69,978
- Profit (loss) carried forward -€87,886
down €87,886 (-10.8%), from €817,306 to €729,420
- Tax, wage and social debts -€30,782
down €30,782 (-94.5%), from €32,563 to €1,781
of which Remuneration and social security: -€32,563
- Advances received -€23,260
down €23,260 (-45.6%), from €51,052 to €27,792
- Trade debts +€21,228
up €21,228 (+49.6%), from €42,842 to €64,070
- Provisions -€20,507
down €20,507 (-100%), from €20,507 to €0
- Gross operating margin -€122,743
down €122,743, from €63,501 to -€59,242
- Staff costs -€72,324
down €72,324 (-70.4%), from €102,690 to €30,366
- Write-downs +€43,630
up €43,630, from -€43,630 to €0
- Financial income +€7,903
up €7,903 (+610%), from €1,295 to €9,198
- Taxes +€1,412
up €1,412 (+269%), from €525 to €1,938
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 | €980,182 | €838,974 | -€141,207 | -14.4% |
| Fixed assets | 21/28 | €5,842 | €4,091 | -€1,750 | -30.0% |
| Intangible fixed assets | 21 | €4,438 | €3,329 | -€1,110 | -25.0% |
| Tangible fixed assets | 22/27 | €904 | €263 | -€641 | -70.9% |
| Furniture and vehicles | 24 | €904 | €263 | -€641 | -70.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €974,340 | €834,883 | -€139,457 | -14.3% |
| Amounts receivable within one year | 40/41 | €31,074 | €126,238 | +€95,164 | +306% |
| Trade receivables | 40 | €31,074 | €101,052 | +€69,978 | +225% |
| Other amounts receivable | 41 | - | €25,186 | +€25,186 | |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €941,514 | €203,243 | -€738,271 | -78.4% |
| Deferred charges and accrued income | 490/1 | €1,751 | €5,402 | +€3,651 | +208% |
| Total equity and liabilities | 10/49 | €980,182 | €838,974 | -€141,207 | -14.4% |
| Equity | 10/15 | €833,218 | €745,331 | -€87,886 | -10.5% |
| Contributions | 10/11 | €15,911 | €15,911 | = | 0.0% |
| Capital | 10 | €15,911 | €15,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | €817,306 | €729,420 | -€87,886 | -10.8% |
| Provisions and deferred taxes | 16 | €20,507 | €0 | -€20,507 | -100% |
| Provisions for liabilities and charges | 160/5 | €20,507 | €0 | -€20,507 | -100% |
| Other liabilities and charges | 164/5 | €20,507 | €0 | -€20,507 | -100% |
| Amounts payable | 17/49 | €126,457 | €93,643 | -€32,813 | -25.9% |
| Amounts payable within one year | 42/48 | €126,457 | €93,643 | -€32,813 | -25.9% |
| Trade debts | 44 | €42,842 | €64,070 | +€21,228 | +49.6% |
| Suppliers | 440/4 | €42,842 | €64,070 | +€21,228 | +49.6% |
| Advances received on contracts in progress | 46 | €51,052 | €27,792 | -€23,260 | -45.6% |
| Taxes, remuneration and social security | 45 | €32,563 | €1,781 | -€30,782 | -94.5% |
| Taxes | 450/3 | - | €1,781 | +€1,781 | |
| Remuneration and social security | 454/9 | €32,563 | €0 | -€32,563 | -100% |
| Non-recurring operating income | 76A | - | €20,507 | +€20,507 | |
| Remuneration, social security and pensions | 62 | €102,690 | €30,366 | -€72,324 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,907 | €1,750 | -€157 | -8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€43,630 | €0 | +€43,630 | |
| Other operating charges | 640/8 | €2,003 | €3,252 | +€1,249 | +62.3% |
| Gross operating margin | 9900 | €63,501 | -€59,242 | -€122,743 | |
| Operating profit (loss) | 9901 | €531 | -€94,610 | -€95,141 | |
| Financial income | 75/76B | €1,295 | €9,198 | +€7,903 | +610% |
| Recurring financial income | 75 | €1,295 | €9,198 | +€7,903 | +610% |
| Financial charges | 65/66B | €1,088 | €536 | -€552 | -50.7% |
| Recurring financial charges | 65 | €1,088 | €536 | -€552 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €737 | -€85,949 | -€86,686 | |
| Income taxes | 67/77 | €525 | €1,938 | +€1,412 | +269% |
| Profit (loss) for the period | 9904 | €212 | -€87,886 | -€88,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €212 | -€87,886 | -€88,098 |
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 30 October 2026 via checked.be.