ITscH: 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.
ITscH
Largest movements
- Current investments +€165,000
new in 2025: €165,000
- Cash -€136,577
down €136,577 (-61.8%), from €221,003 to €84,426
mainly Current investments (-€165,000) and Contributions, distributions and other (-€65,000)
- Receivables within one year +€42,240
up €42,240 (+95.5%), from €44,215 to €86,455
of which Other amounts receivable: +€40,743
- Tangible fixed assets -€4,039
down €4,039 (-79.2%), from €5,101 to €1,062
of which Plant, machinery and equipment: -€3,823
- Other debts +€57,800
up €57,800 (+803%), from €7,200 to €65,000
- Tax, wage and social debts +€3,832
up €3,832 (+6.4%), from €60,320 to €64,153
- Gross operating margin +€17,177
up €17,177 (+23.9%), from €71,777 to €88,954
- Financial income +€1,138
new in 2025: €1,138
- Depreciation -€988
down €988 (-19.7%), from €5,027 to €4,039
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 | €278,245 | €342,616 | +€64,371 | +23.1% |
| Fixed assets | 21/28 | €5,101 | €1,062 | -€4,039 | -79.2% |
| Tangible fixed assets | 22/27 | €5,101 | €1,062 | -€4,039 | -79.2% |
| Plant, machinery and equipment | 23 | €4,186 | €364 | -€3,823 | -91.3% |
| Furniture and vehicles | 24 | €915 | €699 | -€216 | -23.6% |
| Current assets | 29/58 | €273,144 | €341,554 | +€68,410 | +25.0% |
| Amounts receivable within one year | 40/41 | €44,215 | €86,455 | +€42,240 | +95.5% |
| Trade receivables | 40 | €39,275 | €40,771 | +€1,497 | +3.8% |
| Other amounts receivable | 41 | €4,941 | €45,683 | +€40,743 | +825% |
| Current investments | 50/53 | - | €165,000 | +€165,000 | |
| Cash at bank and in hand | 54/58 | €221,003 | €84,426 | -€136,577 | -61.8% |
| Deferred charges and accrued income | 490/1 | €7,926 | €5,673 | -€2,253 | -28.4% |
| Total equity and liabilities | 10/49 | €278,245 | €342,616 | +€64,371 | +23.1% |
| Equity | 10/15 | €210,091 | €211,585 | +€1,495 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €148,767 | €148,767 | = | 0.0% |
| 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 | €146,907 | €146,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,923 | €50,418 | +€1,495 | +3.1% |
| Amounts payable | 17/49 | €68,154 | €131,031 | +€62,876 | +92.3% |
| Amounts payable within one year | 42/48 | €67,854 | €130,731 | +€62,876 | +92.7% |
| Trade debts | 44 | €334 | €1,578 | +€1,244 | +372% |
| Suppliers | 440/4 | €334 | €1,578 | +€1,244 | +372% |
| Taxes, remuneration and social security | 45 | €60,320 | €64,153 | +€3,832 | +6.4% |
| Taxes | 450/3 | €60,320 | €64,153 | +€3,832 | +6.4% |
| Other amounts payable | 47/48 | €7,200 | €65,000 | +€57,800 | +803% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,027 | €4,039 | -€988 | -19.7% |
| Other operating charges | 640/8 | €224 | €462 | +€238 | +106% |
| Gross operating margin | 9900 | €71,777 | €88,954 | +€17,177 | +23.9% |
| Operating profit (loss) | 9901 | €66,527 | €84,454 | +€17,927 | +26.9% |
| Financial income | 75/76B | - | €1,138 | +€1,138 | |
| Recurring financial income | 75 | - | €1,138 | +€1,138 | |
| Financial charges | 65/66B | €208 | €97 | -€111 | -53.3% |
| Recurring financial charges | 65 | €208 | €97 | -€111 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €66,319 | €85,495 | +€19,176 | +28.9% |
| Income taxes | 67/77 | €19,011 | €19,000 | -€11 | -0.1% |
| Profit (loss) for the period | 9904 | €47,308 | €66,495 | +€19,187 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,308 | €66,495 | +€19,187 | +40.6% |
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 27 October 2026 via checked.be.