ITsIT: 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.
ITsIT
Largest movements
- Cash +€45,251
up €45,251 (+60.1%), from €75,247 to €120,498
mainly Net result for the year (+€87,778) and Receivables within one year (+€32,503)
- Receivables within one year -€32,503
down €32,503 (-57.1%), from €56,906 to €24,403
of which Other amounts receivable: -€35,731
- Tangible fixed assets +€5,841
up €5,841 (+64.7%), from €9,033 to €14,874
- Reserves +€32,000
up €32,000 (+60.4%), from €53,000 to €85,000
- Other debts -€13,147
down €13,147 (-18.8%), from €70,000 to €56,853
- Tax, wage and social debts -€3,722
down €3,722 (-30.3%), from €12,301 to €8,580
- Profit (loss) carried forward +€2,778
up €2,778 (+581.7%), from €478 to €3,256
- Gross operating margin +€21,801
up €21,801 (+23.0%), from €94,700 to €116,501
- Taxes +€4,628
up €4,628 (+23.8%), from €19,416 to €24,044
- Depreciation +€2,088
up €2,088 (+117.2%), from €1,781 to €3,869
- Financial income -€1,377
down €1,377 (-86.5%), from €1,591 to €214
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 | €141,601 | €159,774 | +€18,173 | +12.8% |
| Fixed assets | 21/28 | €9,033 | €14,874 | +€5,841 | +64.7% |
| Tangible fixed assets | 22/27 | €9,033 | €14,874 | +€5,841 | +64.7% |
| Furniture and vehicles | 24 | €9,033 | €14,874 | +€5,841 | +64.7% |
| Current assets | 29/58 | €132,568 | €144,900 | +€12,332 | +9.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €56,906 | €24,403 | -€32,503 | -57.1% |
| Trade receivables | 40 | €21,175 | €24,403 | +€3,228 | +15.2% |
| Other amounts receivable | 41 | €35,731 | €0 | -€35,731 | -100.0% |
| Cash at bank and in hand | 54/58 | €75,247 | €120,498 | +€45,251 | +60.1% |
| Deferred charges and accrued income | 490/1 | €415 | €0 | -€415 | -100.0% |
| Total equity and liabilities | 10/49 | €141,601 | €159,774 | +€18,173 | +12.8% |
| Equity | 10/15 | €58,478 | €93,256 | +€34,778 | +59.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,000 | €85,000 | +€32,000 | +60.4% |
| Distributable reserves | 133 | €53,000 | €85,000 | +€32,000 | +60.4% |
| Profit (loss) carried forward | 14 | €478 | €3,256 | +€2,778 | +581.7% |
| Amounts payable | 17/49 | €83,123 | €66,518 | -€16,605 | -20.0% |
| Amounts payable within one year | 42/48 | €83,123 | €66,518 | -€16,605 | -20.0% |
| Trade debts | 44 | €822 | €1,086 | +€264 | +32.1% |
| Suppliers | 440/4 | €822 | €1,086 | +€264 | +32.1% |
| Taxes, remuneration and social security | 45 | €12,301 | €8,580 | -€3,722 | -30.3% |
| Taxes | 450/3 | €12,301 | €8,580 | -€3,722 | -30.3% |
| Other amounts payable | 47/48 | €70,000 | €56,853 | -€13,147 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,781 | €3,869 | +€2,088 | +117.2% |
| Other operating charges | 640/8 | €758 | €629 | -€129 | -17.0% |
| Non-recurring operating charges | 66A | €1,976 | €0 | -€1,976 | -100.0% |
| Gross operating margin | 9900 | €94,700 | €116,501 | +€21,801 | +23.0% |
| Operating profit (loss) | 9901 | €90,185 | €112,003 | +€21,818 | +24.2% |
| Financial income | 75/76B | €1,591 | €214 | -€1,377 | -86.5% |
| Recurring financial income | 75 | €1,591 | €214 | -€1,377 | -86.5% |
| Financial charges | 65/66B | €467 | €394 | -€72 | -15.5% |
| Recurring financial charges | 65 | €467 | €394 | -€72 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €91,309 | €111,823 | +€20,514 | +22.5% |
| Income taxes | 67/77 | €19,416 | €24,044 | +€4,628 | +23.8% |
| Profit (loss) for the period | 9904 | €71,893 | €87,778 | +€15,885 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,893 | €87,778 | +€15,885 | +22.1% |
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.