ITSDC: 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.
ITSDC
Largest movements
- Deferred charges and accrued income +€70,220
up €70,220 (+5083.0%), from €1,381 to €71,602
- Cash -€50,492
down €50,492 (-45.7%), from €110,379 to €59,886
mainly Deferred charges and accrued income (-€70,220) and Tax, wage and social debts (-€57,313)
- Receivables within one year -€45,734
down €45,734 (-68.9%), from €66,419 to €20,685
of which Trade receivables: -€65,165
- Tangible fixed assets -€8,089
down €8,089 (-25.9%), from €31,197 to €23,108
of which Furniture and vehicles: -€8,292
- Tax, wage and social debts -€57,313
down €57,313 (-71.6%), from €79,996 to €22,683
of which Taxes: -€56,313
- Other debts +€28,411
up €28,411 (+634.6%), from €4,477 to €32,888
- Profit (loss) carried forward -€5,916
no longer reported in 2025 (was €5,916)
- Gross operating margin -€58,177
down €58,177 (-53.8%), from €108,170 to €49,992
- Taxes -€12,149
down €12,149 (-63.6%), from €19,094 to €6,944
- Depreciation +€1,811
up €1,811 (+13.6%), from €13,273 to €15,084
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 | €209,376 | €175,282 | -€34,094 | -16.3% |
| Fixed assets | 21/28 | €31,197 | €23,108 | -€8,089 | -25.9% |
| Tangible fixed assets | 22/27 | €31,197 | €23,108 | -€8,089 | -25.9% |
| Plant, machinery and equipment | 23 | €5,705 | €5,908 | +€203 | +3.6% |
| Furniture and vehicles | 24 | €25,492 | €17,200 | -€8,292 | -32.5% |
| Current assets | 29/58 | €178,179 | €152,173 | -€26,006 | -14.6% |
| Amounts receivable within one year | 40/41 | €66,419 | €20,685 | -€45,734 | -68.9% |
| Trade receivables | 40 | €66,000 | €835 | -€65,165 | -98.7% |
| Other amounts receivable | 41 | €419 | €19,850 | +€19,431 | +4638.1% |
| Cash at bank and in hand | 54/58 | €110,379 | €59,886 | -€50,492 | -45.7% |
| Deferred charges and accrued income | 490/1 | €1,381 | €71,602 | +€70,220 | +5083.0% |
| Total equity and liabilities | 10/49 | €209,376 | €175,282 | -€34,094 | -16.3% |
| Equity | 10/15 | €123,668 | €117,752 | -€5,916 | -4.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €116,752 | €116,752 | = | 0.0% |
| Distributable reserves | 133 | €116,752 | €116,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,916 | - | -€5,916 | |
| Amounts payable | 17/49 | €85,708 | €57,530 | -€28,178 | -32.9% |
| Amounts payable within one year | 42/48 | €85,708 | €57,211 | -€28,496 | -33.2% |
| Trade debts | 44 | €1,235 | €1,641 | +€405 | +32.8% |
| Suppliers | 440/4 | €1,235 | €1,641 | +€405 | +32.8% |
| Taxes, remuneration and social security | 45 | €79,996 | €22,683 | -€57,313 | -71.6% |
| Taxes | 450/3 | €76,996 | €20,682 | -€56,313 | -73.1% |
| Remuneration and social security | 454/9 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Other amounts payable | 47/48 | €4,477 | €32,888 | +€28,411 | +634.6% |
| Accrued charges and deferred income | 492/3 | - | €318 | +€318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,273 | €15,084 | +€1,811 | +13.6% |
| Other operating charges | 640/8 | €380 | €594 | +€214 | +56.4% |
| Non-recurring operating charges | 66A | €463 | - | -€463 | |
| Gross operating margin | 9900 | €108,170 | €49,992 | -€58,177 | -53.8% |
| Operating profit (loss) | 9901 | €94,053 | €34,314 | -€59,740 | -63.5% |
| Financial charges | 65/66B | €44 | €398 | +€354 | +814.5% |
| Recurring financial charges | 65 | €44 | €398 | +€354 | +814.5% |
| Profit (loss) for the period before taxes | 9903 | €94,010 | €33,916 | -€60,094 | -63.9% |
| Income taxes | 67/77 | €19,094 | €6,944 | -€12,149 | -63.6% |
| Profit (loss) for the period | 9904 | €74,916 | €26,972 | -€47,945 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,916 | €26,972 | -€47,945 | -64.0% |
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 3 October 2026 via checked.be.