ITS ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€99,849
up €99,849 (+33.8%), from €295,306 to €395,155
mainly Net result for the year (+€80,925) and Tax, wage and social debts (+€15,106)
- Reserves +€80,925
up €80,925 (+32.1%), from €251,742 to €332,667
- Tax, wage and social debts +€15,106
up €15,106 (+192%), from €7,875 to €22,981
- Gross operating margin +€40,085
up €40,085 (+49.2%), from €81,541 to €121,625
- Taxes +€17,008
up €17,008 (+76.4%), from €22,266 to €39,275
- Financial charges +€2,484
up €2,484, from -€2,322 to €162
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 | €308,943 | €408,962 | +€100,019 | +32.4% |
| Current assets | 29/58 | €308,943 | €408,962 | +€100,019 | +32.4% |
| Amounts receivable within one year | 40/41 | €11,059 | €12,911 | +€1,852 | +16.7% |
| Trade receivables | 40 | €11,053 | €12,911 | +€1,858 | +16.8% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €295,306 | €395,155 | +€99,849 | +33.8% |
| Deferred charges and accrued income | 490/1 | €2,578 | €897 | -€1,681 | -65.2% |
| Total equity and liabilities | 10/49 | €308,943 | €408,962 | +€100,019 | +32.4% |
| Equity | 10/15 | €285,318 | €366,242 | +€80,925 | +28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,742 | €332,667 | +€80,925 | +32.1% |
| Distributable reserves | 133 | €251,742 | €332,667 | +€80,925 | +32.1% |
| Profit (loss) carried forward | 14 | €14,976 | €14,976 | = | 0.0% |
| Amounts payable | 17/49 | €23,626 | €42,720 | +€19,095 | +80.8% |
| Amounts payable within one year | 42/48 | €23,626 | €42,720 | +€19,095 | +80.8% |
| Trade debts | 44 | €190 | €118 | -€71 | -37.5% |
| Suppliers | 440/4 | €190 | €118 | -€71 | -37.5% |
| Taxes, remuneration and social security | 45 | €7,875 | €22,981 | +€15,106 | +192% |
| Taxes | 450/3 | €7,875 | €22,981 | +€15,106 | +192% |
| Other amounts payable | 47/48 | €15,561 | €19,620 | +€4,059 | +26.1% |
| Other operating charges | 640/8 | €1,808 | €1,271 | -€538 | -29.7% |
| Gross operating margin | 9900 | €81,541 | €121,625 | +€40,085 | +49.2% |
| Operating profit (loss) | 9901 | €79,732 | €120,354 | +€40,622 | +50.9% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | -€2,322 | €162 | +€2,484 | |
| Recurring financial charges | 65 | -€2,322 | €162 | +€2,484 | |
| Profit (loss) for the period before taxes | 9903 | €82,054 | €120,199 | +€38,145 | +46.5% |
| Income taxes | 67/77 | €22,266 | €39,275 | +€17,008 | +76.4% |
| Profit (loss) for the period | 9904 | €59,788 | €80,925 | +€21,137 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,788 | €80,925 | +€21,137 | +35.4% |
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 16 October 2026 via checked.be.