ITSEASY: 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.
ITSEASY
Largest movements
- Cash +€114,484
up €114,484 (+33.1%), from €345,947 to €460,430
mainly Net result for the year (+€88,390) and Depreciation (+€52,341)
- Tangible fixed assets -€19,575
down €19,575 (-6.8%), from €288,668 to €269,093
of which Other tangible fixed assets: -€41,348
- Receivables within one year -€16,026
down €16,026 (-13.6%), from €118,180 to €102,154
of which Trade receivables: -€16,421
- Reserves +€88,390
up €88,390 (+27.0%), from €327,923 to €416,313
of which Distributable reserves: +€88,390
- Debts after one year -€18,701
down €18,701 (-23.6%), from €79,206 to €60,505
- Current portion of long-term debt -€12,811
down €12,811 (-38.6%), from €33,214 to €20,403
- Trade debts +€10,195
up €10,195 (+157%), from €6,494 to €16,689
- Gross operating margin +€22,166
up €22,166 (+10.8%), from €204,702 to €226,868
- Taxes +€9,069
up €9,069 (+30.4%), from €29,844 to €38,913
- Staff costs +€3,058
up €3,058 (+7.4%), from €41,101 to €44,159
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 | €772,721 | €850,551 | +€77,830 | +10.1% |
| Fixed assets | 21/28 | €292,366 | €271,791 | -€20,575 | -7.0% |
| Intangible fixed assets | 21 | €3,698 | €2,698 | -€1,000 | -27.0% |
| Tangible fixed assets | 22/27 | €288,668 | €269,093 | -€19,575 | -6.8% |
| Land and buildings | 22 | €158,434 | €195,560 | +€37,126 | +23.4% |
| Plant, machinery and equipment | 23 | €1,561 | €1,308 | -€253 | -16.2% |
| Furniture and vehicles | 24 | €28,047 | €12,947 | -€15,100 | -53.8% |
| Other tangible fixed assets | 26 | €100,626 | €59,278 | -€41,348 | -41.1% |
| Current assets | 29/58 | €480,355 | €578,760 | +€98,405 | +20.5% |
| Stocks and contracts in progress | 3 | €11,312 | €9,790 | -€1,521 | -13.5% |
| Stocks | 30/36 | €11,312 | €9,790 | -€1,521 | -13.5% |
| Amounts receivable within one year | 40/41 | €118,180 | €102,154 | -€16,026 | -13.6% |
| Trade receivables | 40 | €117,355 | €100,934 | -€16,421 | -14.0% |
| Other amounts receivable | 41 | €825 | €1,220 | +€394 | +47.8% |
| Cash at bank and in hand | 54/58 | €345,947 | €460,430 | +€114,484 | +33.1% |
| Deferred charges and accrued income | 490/1 | €4,916 | €6,385 | +€1,469 | +29.9% |
| Total equity and liabilities | 10/49 | €772,721 | €850,551 | +€77,830 | +10.1% |
| Equity | 10/15 | €603,434 | €690,990 | +€87,557 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,923 | €416,313 | +€88,390 | +27.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €306,063 | €394,453 | +€88,390 | +28.9% |
| Profit (loss) carried forward | 14 | €256,911 | €256,078 | -€833 | -0.3% |
| Amounts payable | 17/49 | €169,288 | €159,561 | -€9,727 | -5.7% |
| Amounts payable after more than one year | 17 | €79,206 | €60,505 | -€18,701 | -23.6% |
| Financial debts | 170/4 | €79,206 | €60,505 | -€18,701 | -23.6% |
| Amounts payable within one year | 42/48 | €90,081 | €99,056 | +€8,975 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €33,214 | €20,403 | -€12,811 | -38.6% |
| Financial debts | 43 | €3,558 | €7,587 | +€4,029 | +113% |
| Credit institutions | 430/8 | €3,558 | €7,587 | +€4,029 | +113% |
| Trade debts | 44 | €6,494 | €16,689 | +€10,195 | +157% |
| Suppliers | 440/4 | €6,494 | €16,689 | +€10,195 | +157% |
| Advances received on contracts in progress | 46 | €3,408 | €320 | -€3,087 | -90.6% |
| Taxes, remuneration and social security | 45 | €41,734 | €49,105 | +€7,370 | +17.7% |
| Taxes | 450/3 | €33,227 | €40,776 | +€7,550 | +22.7% |
| Remuneration and social security | 454/9 | €8,508 | €8,328 | -€179 | -2.1% |
| Other amounts payable | 47/48 | €1,672 | €4,951 | +€3,279 | +196% |
| Remuneration, social security and pensions | 62 | €41,101 | €44,159 | +€3,058 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,153 | €52,341 | -€1,813 | -3.3% |
| Other operating charges | 640/8 | €4,144 | €3,916 | -€228 | -5.5% |
| Gross operating margin | 9900 | €204,702 | €226,868 | +€22,166 | +10.8% |
| Operating profit (loss) | 9901 | €105,304 | €126,452 | +€21,149 | +20.1% |
| Financial income | 75/76B | €3,298 | €3,327 | +€29 | +0.9% |
| Recurring financial income | 75 | €3,298 | €3,327 | +€29 | +0.9% |
| Financial charges | 65/66B | €3,089 | €2,476 | -€613 | -19.8% |
| Recurring financial charges | 65 | €3,089 | €2,476 | -€613 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €105,512 | €127,303 | +€21,790 | +20.7% |
| Income taxes | 67/77 | €29,844 | €38,913 | +€9,069 | +30.4% |
| Profit (loss) for the period | 9904 | €75,668 | €88,390 | +€12,722 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,668 | €88,390 | +€12,722 | +16.8% |
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 14 October 2026 via checked.be.