ITSI Consulting: 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.
ITSI Consulting
Largest movements
- Receivables within one year +€34,637
up €34,637 (+54.4%), from €63,674 to €98,312
of which Trade receivables: +€39,691
- Cash +€2,298
up €2,298 (+8.3%), from €27,529 to €29,828
mainly Net result for the year (+€46,446) and Trade debts (+€5,010)
- Profit (loss) carried forward +€31,446
up €31,446 (+36.8%), from €85,533 to €116,979
- Trade debts +€5,010
up €5,010 (+82.8%), from €6,047 to €11,057
- Tax, wage and social debts -€1,575
down €1,575 (-53.1%), from €2,965 to €1,390
- Gross operating margin +€16,829
up €16,829 (+32.9%), from €51,095 to €67,924
- Taxes +€2,019
up €2,019 (+19.9%), from €10,132 to €12,151
- Financial charges +€2,005
up €2,005 (+60.0%), from €3,340 to €5,344
of which Non-recurring financial charges: +€1,053
- Depreciation +€868
up €868 (+21.0%), from €4,129 to €4,997
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 | €112,546 | €147,427 | +€34,881 | +31.0% |
| Fixed assets | 21/28 | €19,327 | €17,953 | -€1,373 | -7.1% |
| Tangible fixed assets | 22/27 | €18,839 | €17,465 | -€1,373 | -7.3% |
| Plant, machinery and equipment | 23 | €5,943 | €14,632 | +€8,689 | +146% |
| Furniture and vehicles | 24 | - | €2,833 | +€2,833 | |
| Other tangible fixed assets | 26 | €12,896 | €0 | -€12,896 | -100% |
| Financial fixed assets | 28 | €488 | €488 | = | 0.0% |
| Current assets | 29/58 | €93,219 | €129,473 | +€36,254 | +38.9% |
| Amounts receivable within one year | 40/41 | €63,674 | €98,312 | +€34,637 | +54.4% |
| Trade receivables | 40 | €35,859 | €75,549 | +€39,691 | +111% |
| Other amounts receivable | 41 | €27,816 | €22,762 | -€5,054 | -18.2% |
| Cash at bank and in hand | 54/58 | €27,529 | €29,828 | +€2,298 | +8.3% |
| Deferred charges and accrued income | 490/1 | €2,015 | €1,334 | -€681 | -33.8% |
| Total equity and liabilities | 10/49 | €112,546 | €147,427 | +€34,881 | +31.0% |
| Equity | 10/15 | €88,533 | €119,979 | +€31,446 | +35.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,533 | €116,979 | +€31,446 | +36.8% |
| Amounts payable | 17/49 | €24,012 | €27,447 | +€3,435 | +14.3% |
| Amounts payable within one year | 42/48 | €24,012 | €27,447 | +€3,435 | +14.3% |
| Trade debts | 44 | €6,047 | €11,057 | +€5,010 | +82.8% |
| Suppliers | 440/4 | €6,047 | €11,057 | +€5,010 | +82.8% |
| Taxes, remuneration and social security | 45 | €2,965 | €1,390 | -€1,575 | -53.1% |
| Taxes | 450/3 | €2,965 | €1,390 | -€1,575 | -53.1% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,129 | €4,997 | +€868 | +21.0% |
| Other operating charges | 640/8 | €591 | €400 | -€191 | -32.4% |
| Gross operating margin | 9900 | €51,095 | €67,924 | +€16,829 | +32.9% |
| Operating profit (loss) | 9901 | €46,374 | €62,527 | +€16,153 | +34.8% |
| Financial income | 75/76B | €794 | €1,414 | +€621 | +78.2% |
| Recurring financial income | 75 | €794 | €1,414 | +€621 | +78.2% |
| Financial charges | 65/66B | €3,340 | €5,344 | +€2,005 | +60.0% |
| Recurring financial charges | 65 | €3,340 | €4,292 | +€952 | +28.5% |
| Non-recurring financial charges | 66B | - | €1,053 | +€1,053 | |
| Profit (loss) for the period before taxes | 9903 | €43,828 | €58,597 | +€14,769 | +33.7% |
| Income taxes | 67/77 | €10,132 | €12,151 | +€2,019 | +19.9% |
| Profit (loss) for the period | 9904 | €33,696 | €46,446 | +€12,750 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,696 | €46,446 | +€12,750 | +37.8% |
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 16 October 2026 via checked.be.