ITServ: 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.
ITServ
Largest movements
- Cash -€11,567
down €11,567 (-83.8%), from €13,797 to €2,230
mainly Investment in fixed assets (net) (-€23,724) and Debts after one year (-€15,842)
- Tangible fixed assets -€5,242
down €5,242 (-4.9%), from €107,731 to €102,489
of which Furniture and vehicles: -€3,389
- Receivables within one year +€4,318
up €4,318 (+6.7%), from €64,441 to €68,759
of which Other amounts receivable: +€17,153
- Reserves +€21,092
up €21,092 (+28.7%), from €73,554 to €94,646
of which Distributable reserves: +€21,092
- Debts after one year -€15,842
down €15,842 (-29.6%), from €53,582 to €37,740
- Trade debts -€11,356
down €11,356 (-41.5%), from €27,348 to €15,992
- Current portion of long-term debt -€3,003
down €3,003 (-15.9%), from €18,845 to €15,842
- Gross operating margin -€79,693
down €79,693 (-54.9%), from €145,114 to €65,421
- Taxes -€17,096
down €17,096 (-60.9%), from €28,093 to €10,998
- Depreciation +€14,794
up €14,794 (+104%), from €14,172 to €28,966
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 | €189,995 | €179,402 | -€10,594 | -5.6% |
| Fixed assets | 21/28 | €107,731 | €102,489 | -€5,242 | -4.9% |
| Tangible fixed assets | 22/27 | €107,731 | €102,489 | -€5,242 | -4.9% |
| Land and buildings | 22 | €688 | €238 | -€449 | -65.3% |
| Plant, machinery and equipment | 23 | €1,271 | €698 | -€573 | -45.1% |
| Furniture and vehicles | 24 | €103,834 | €100,445 | -€3,389 | -3.3% |
| Other tangible fixed assets | 26 | €1,938 | €1,108 | -€831 | -42.9% |
| Current assets | 29/58 | €82,264 | €76,913 | -€5,352 | -6.5% |
| Amounts receivable within one year | 40/41 | €64,441 | €68,759 | +€4,318 | +6.7% |
| Trade receivables | 40 | €13,019 | €184 | -€12,835 | -98.6% |
| Other amounts receivable | 41 | €51,422 | €68,575 | +€17,153 | +33.4% |
| Cash at bank and in hand | 54/58 | €13,797 | €2,230 | -€11,567 | -83.8% |
| Deferred charges and accrued income | 490/1 | €4,026 | €5,923 | +€1,897 | +47.1% |
| Total equity and liabilities | 10/49 | €189,995 | €179,402 | -€10,594 | -5.6% |
| Equity | 10/15 | €51,196 | €72,288 | +€21,092 | +41.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,554 | €94,646 | +€21,092 | +28.7% |
| 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 | €71,694 | €92,786 | +€21,092 | +29.4% |
| Profit (loss) carried forward | 14 | -€28,558 | -€28,558 | = | 0.0% |
| Amounts payable | 17/49 | €138,799 | €107,113 | -€31,686 | -22.8% |
| Amounts payable after more than one year | 17 | €53,582 | €37,740 | -€15,842 | -29.6% |
| Financial debts | 170/4 | €53,582 | €37,740 | -€15,842 | -29.6% |
| Amounts payable within one year | 42/48 | €85,218 | €69,373 | -€15,844 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €18,845 | €15,842 | -€3,003 | -15.9% |
| Trade debts | 44 | €27,348 | €15,992 | -€11,356 | -41.5% |
| Suppliers | 440/4 | €27,348 | €15,992 | -€11,356 | -41.5% |
| Taxes, remuneration and social security | 45 | €39,025 | €37,540 | -€1,485 | -3.8% |
| Taxes | 450/3 | €39,025 | €37,540 | -€1,485 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,172 | €28,966 | +€14,794 | +104% |
| Other operating charges | 640/8 | €886 | €936 | +€50 | +5.6% |
| Non-recurring operating charges | 66A | €26,933 | - | -€26,933 | |
| Gross operating margin | 9900 | €145,114 | €65,421 | -€79,693 | -54.9% |
| Operating profit (loss) | 9901 | €103,123 | €35,519 | -€67,604 | -65.6% |
| Financial income | 75/76B | €3,126 | €3,343 | +€217 | +6.9% |
| Recurring financial income | 75 | €3,126 | €3,343 | +€217 | +6.9% |
| Financial charges | 65/66B | €6,462 | €6,772 | +€310 | +4.8% |
| Recurring financial charges | 65 | €5,982 | €6,772 | +€790 | +13.2% |
| Non-recurring financial charges | 66B | €480 | - | -€480 | |
| Profit (loss) for the period before taxes | 9903 | €99,787 | €32,090 | -€67,697 | -67.8% |
| Income taxes | 67/77 | €28,093 | €10,998 | -€17,096 | -60.9% |
| Profit (loss) for the period | 9904 | €71,694 | €21,092 | -€50,601 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,694 | €21,092 | -€50,601 | -70.6% |
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 15 October 2026 via checked.be.