ITSALAW: 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.
ITSALAW
Largest movements
- Cash -€30,760
down €30,760 (-70.0%), from €43,947 to €13,186
mainly Investment in fixed assets (net) (-€18,090) and Net result for the year (-€14,463)
- Tangible fixed assets +€16,236
new in 2025: €16,236
of which Furniture and vehicles: +€10,100
- Receivables within one year +€3,407
up €3,407 (+98.5%), from €3,461 to €6,868
- Reserves -€14,463
down €14,463 (-35.5%), from €40,694 to €26,231
- Other debts +€5,131
up €5,131 (+274.6%), from €1,869 to €7,000
- Trade debts -€2,511
down €2,511 (-78.1%), from €3,213 to €703
- Tax, wage and social debts +€656
up €656 (+44.1%), from €1,488 to €2,144
- Gross operating margin -€31,463
down €31,463, from €22,476 to -€8,987
- Taxes -€4,871
down €4,871 (-97.4%), from €5,003 to €132
- Depreciation +€1,854
new in 2025: €1,854
- Other operating charges +€356
up €356 (+38.7%), from €921 to €1,277
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 | €49,264 | €38,078 | -€11,186 | -22.7% |
| Fixed assets | 21/28 | - | €16,236 | +€16,236 | |
| Tangible fixed assets | 22/27 | - | €16,236 | +€16,236 | |
| Furniture and vehicles | 24 | - | €10,100 | +€10,100 | |
| Other tangible fixed assets | 26 | - | €6,136 | +€6,136 | |
| Current assets | 29/58 | €49,264 | €21,842 | -€27,422 | -55.7% |
| Amounts receivable within one year | 40/41 | €3,461 | €6,868 | +€3,407 | +98.5% |
| Other amounts receivable | 41 | €3,461 | €6,868 | +€3,407 | +98.5% |
| Cash at bank and in hand | 54/58 | €43,947 | €13,186 | -€30,760 | -70.0% |
| Deferred charges and accrued income | 490/1 | €1,856 | €1,788 | -€69 | -3.7% |
| Total equity and liabilities | 10/49 | €49,264 | €38,078 | -€11,186 | -22.7% |
| Equity | 10/15 | €42,694 | €28,231 | -€14,463 | -33.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,694 | €26,231 | -€14,463 | -35.5% |
| Distributable reserves | 133 | €40,694 | €26,231 | -€14,463 | -35.5% |
| Amounts payable | 17/49 | €6,570 | €9,847 | +€3,277 | +49.9% |
| Amounts payable within one year | 42/48 | €6,570 | €9,847 | +€3,277 | +49.9% |
| Trade debts | 44 | €3,213 | €703 | -€2,511 | -78.1% |
| Suppliers | 440/4 | €3,213 | €703 | -€2,511 | -78.1% |
| Taxes, remuneration and social security | 45 | €1,488 | €2,144 | +€656 | +44.1% |
| Taxes | 450/3 | €1,488 | €2,144 | +€656 | +44.1% |
| Other amounts payable | 47/48 | €1,869 | €7,000 | +€5,131 | +274.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,854 | +€1,854 | |
| Other operating charges | 640/8 | €921 | €1,277 | +€356 | +38.7% |
| Gross operating margin | 9900 | €22,476 | -€8,987 | -€31,463 | |
| Operating profit (loss) | 9901 | €21,555 | -€12,118 | -€33,674 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €2,329 | €2,212 | -€117 | -5.0% |
| Recurring financial charges | 65 | €2,329 | €2,212 | -€117 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €19,229 | -€14,331 | -€33,559 | |
| Income taxes | 67/77 | €5,003 | €132 | -€4,871 | -97.4% |
| Profit (loss) for the period | 9904 | €14,226 | -€14,463 | -€28,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,226 | -€14,463 | -€28,689 |
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.