ITS Plus: 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 Plus
Largest movements
- Current investments -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Tangible fixed assets +€65,605
up €65,605 (+102.6%), from €63,943 to €129,548
of which Furniture and vehicles: +€56,499
- Receivables within one year +€52,016
up €52,016 (+44.0%), from €118,084 to €170,100
of which Trade receivables: +€38,866
- Cash +€33,965
up €33,965 (+54.6%), from €62,165 to €96,131
mainly Net result for the year (+€215,905) and Other debts (+€193,869)
- Stocks and contracts +€17,703
up €17,703 (+10.3%), from €171,387 to €189,090
- Other debts +€193,869
up €193,869, from €0 to €193,869
- Reserves -€137,742
down €137,742 (-38.8%), from €355,167 to €217,425
- Debts after one year +€45,950
up €45,950, from €0 to €45,950
- Current portion of long-term debt +€13,659
up €13,659 (+652.1%), from €2,095 to €15,754
- Tax, wage and social debts -€9,670
down €9,670 (-12.9%), from €74,793 to €65,123
of which Taxes: -€12,794
- Gross operating margin +€123,992
up €123,992 (+33.8%), from €366,762 to €490,755
- Staff costs +€44,725
up €44,725 (+31.5%), from €141,792 to €186,517
- Taxes +€22,714
up €22,714 (+45.6%), from €49,813 to €72,527
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 | €489,946 | €591,542 | +€101,596 | +20.7% |
| Fixed assets | 21/28 | €63,943 | €129,548 | +€65,605 | +102.6% |
| Tangible fixed assets | 22/27 | €63,943 | €129,548 | +€65,605 | +102.6% |
| Plant, machinery and equipment | 23 | - | €2,521 | +€2,521 | |
| Furniture and vehicles | 24 | €21,100 | €77,598 | +€56,499 | +267.8% |
| Other tangible fixed assets | 26 | €42,843 | €49,428 | +€6,585 | +15.4% |
| Current assets | 29/58 | €426,003 | €461,994 | +€35,991 | +8.4% |
| Stocks and contracts in progress | 3 | €171,387 | €189,090 | +€17,703 | +10.3% |
| Stocks | 30/36 | €171,387 | €189,090 | +€17,703 | +10.3% |
| Amounts receivable within one year | 40/41 | €118,084 | €170,100 | +€52,016 | +44.0% |
| Trade receivables | 40 | €113,402 | €152,267 | +€38,866 | +34.3% |
| Other amounts receivable | 41 | €4,682 | €17,832 | +€13,150 | +280.9% |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €62,165 | €96,131 | +€33,965 | +54.6% |
| Deferred charges and accrued income | 490/1 | €4,367 | €6,674 | +€2,307 | +52.8% |
| Total equity and liabilities | 10/49 | €489,946 | €591,542 | +€101,596 | +20.7% |
| Equity | 10/15 | €358,167 | €220,425 | -€137,742 | -38.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €355,167 | €217,425 | -€137,742 | -38.8% |
| Distributable reserves | 133 | €355,167 | €217,425 | -€137,742 | -38.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €131,779 | €371,116 | +€239,338 | +181.6% |
| Amounts payable after more than one year | 17 | €0 | €45,950 | +€45,950 | |
| Financial debts | 170/4 | €0 | €45,950 | +€45,950 | |
| Amounts payable within one year | 42/48 | €131,605 | €325,156 | +€193,551 | +147.1% |
| Current portion of amounts payable after more than one year | 42 | €2,095 | €15,754 | +€13,659 | +652.1% |
| Trade debts | 44 | €54,110 | €50,199 | -€3,911 | -7.2% |
| Suppliers | 440/4 | €54,110 | €50,199 | -€3,911 | -7.2% |
| Advances received on contracts in progress | 46 | €607 | €210 | -€397 | -65.4% |
| Taxes, remuneration and social security | 45 | €74,793 | €65,123 | -€9,670 | -12.9% |
| Taxes | 450/3 | €60,252 | €47,458 | -€12,794 | -21.2% |
| Remuneration and social security | 454/9 | €14,541 | €17,666 | +€3,124 | +21.5% |
| Other amounts payable | 47/48 | €0 | €193,869 | +€193,869 | |
| Accrued charges and deferred income | 492/3 | €174 | €11 | -€163 | -93.8% |
| Remuneration, social security and pensions | 62 | €141,792 | €186,517 | +€44,725 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,311 | €16,313 | -€998 | -5.8% |
| Other operating charges | 640/8 | €5,819 | €1,651 | -€4,167 | -71.6% |
| Gross operating margin | 9900 | €366,762 | €490,755 | +€123,992 | +33.8% |
| Operating profit (loss) | 9901 | €201,841 | €286,274 | +€84,433 | +41.8% |
| Financial income | 75/76B | €1,842 | €2,962 | +€1,119 | +60.8% |
| Recurring financial income | 75 | €1,842 | €2,962 | +€1,119 | +60.8% |
| Financial charges | 65/66B | €223 | €803 | +€580 | +259.7% |
| Recurring financial charges | 65 | €223 | €803 | +€580 | +259.7% |
| Profit (loss) for the period before taxes | 9903 | €203,460 | €288,432 | +€84,972 | +41.8% |
| Income taxes | 67/77 | €49,813 | €72,527 | +€22,714 | +45.6% |
| Profit (loss) for the period | 9904 | €153,647 | €215,905 | +€62,258 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €153,647 | €215,905 | +€62,258 | +40.5% |
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 30 September 2026 via checked.be.