ITS4B: 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.
ITS4B
Largest movements
- Tangible fixed assets -€30,458
down €30,458 (-11.3%), from €268,655 to €238,197
of which Other tangible fixed assets: -€17,166
- Deferred charges and accrued income +€22,199
up €22,199 (+942.2%), from €2,356 to €24,555
- Debts after one year -€19,624
down €19,624 (-10.8%), from €181,127 to €161,503
- Reserves +€12,200
up €12,200 (+4.1%), from €298,240 to €310,440
of which Distributable reserves: +€12,200
- Tax, wage and social debts -€6,763
down €6,763 (-70.3%), from €9,614 to €2,851
of which Taxes: -€9,614
- Write-downs -€30,000
no longer reported in 2025 (was €30,000)
- Taxes +€13,106
up €13,106 (+236.1%), from €5,551 to €18,656
- Gross operating margin +€11,080
up €11,080 (+12.9%), from €85,758 to €96,838
- Depreciation -€10,603
down €10,603 (-31.4%), from €33,806 to €23,203
- Financial charges +€3,723
up €3,723 (+61.2%), from €6,081 to €9,804
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 | €575,628 | €568,836 | -€6,791 | -1.2% |
| Fixed assets | 21/28 | €268,655 | €238,197 | -€30,458 | -11.3% |
| Tangible fixed assets | 22/27 | €268,655 | €238,197 | -€30,458 | -11.3% |
| Land and buildings | 22 | €111,488 | €106,107 | -€5,381 | -4.8% |
| Plant, machinery and equipment | 23 | €1,046 | €669 | -€377 | -36.0% |
| Furniture and vehicles | 24 | €7,534 | - | -€7,534 | |
| Other tangible fixed assets | 26 | €148,587 | €131,422 | -€17,166 | -11.6% |
| Current assets | 29/58 | €306,972 | €330,639 | +€23,667 | +7.7% |
| Amounts receivable within one year | 40/41 | €100,489 | €98,524 | -€1,965 | -2.0% |
| Trade receivables | 40 | €90,374 | €98,041 | +€7,667 | +8.5% |
| Other amounts receivable | 41 | €10,115 | €483 | -€9,632 | -95.2% |
| Current investments | 50/53 | €100,000 | €98,641 | -€1,359 | -1.4% |
| Cash at bank and in hand | 54/58 | €104,128 | €108,919 | +€4,792 | +4.6% |
| Deferred charges and accrued income | 490/1 | €2,356 | €24,555 | +€22,199 | +942.2% |
| Total equity and liabilities | 10/49 | €575,628 | €568,836 | -€6,791 | -1.2% |
| Equity | 10/15 | €344,127 | €356,380 | +€12,252 | +3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €298,240 | €310,440 | +€12,200 | +4.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €296,380 | €308,580 | +€12,200 | +4.1% |
| Profit (loss) carried forward | 14 | €39,687 | €39,740 | +€52 | +0.1% |
| Amounts payable | 17/49 | €231,500 | €212,457 | -€19,043 | -8.2% |
| Amounts payable after more than one year | 17 | €181,127 | €161,503 | -€19,624 | -10.8% |
| Financial debts | 170/4 | €181,127 | €161,503 | -€19,624 | -10.8% |
| Amounts payable within one year | 42/48 | €48,803 | €49,060 | +€257 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €24,208 | €24,681 | +€473 | +2.0% |
| Trade debts | 44 | €627 | €2,430 | +€1,802 | +287.3% |
| Suppliers | 440/4 | €627 | €2,430 | +€1,802 | +287.3% |
| Advances received on contracts in progress | 46 | €455 | €455 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,614 | €2,851 | -€6,763 | -70.3% |
| Taxes | 450/3 | €9,614 | - | -€9,614 | |
| Remuneration and social security | 454/9 | - | €2,851 | +€2,851 | |
| Other amounts payable | 47/48 | €13,898 | €18,643 | +€4,744 | +34.1% |
| Accrued charges and deferred income | 492/3 | €1,570 | €1,894 | +€324 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,806 | €23,203 | -€10,603 | -31.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,000 | - | -€30,000 | |
| Other operating charges | 640/8 | €2,949 | €4,063 | +€1,114 | +37.8% |
| Gross operating margin | 9900 | €85,758 | €96,838 | +€11,080 | +12.9% |
| Operating profit (loss) | 9901 | €19,003 | €69,572 | +€50,569 | +266.1% |
| Financial income | 75/76B | €3,514 | €1,141 | -€2,374 | -67.5% |
| Recurring financial income | 75 | €3,514 | €1,141 | -€2,374 | -67.5% |
| Financial charges | 65/66B | €6,081 | €9,804 | +€3,723 | +61.2% |
| Recurring financial charges | 65 | €6,081 | €9,804 | +€3,723 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €16,437 | €60,909 | +€44,472 | +270.6% |
| Income taxes | 67/77 | €5,551 | €18,656 | +€13,106 | +236.1% |
| Profit (loss) for the period | 9904 | €10,886 | €42,252 | +€31,366 | +288.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,886 | €42,252 | +€31,366 | +288.1% |
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.