ITSK: 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.
ITSK
Largest movements
- Cash -€17,944
down €17,944 (-22.5%), from €79,889 to €61,945
mainly Other debts (-€50,174) and Contributions, distributions and other (-€35,294)
- Receivables within one year -€13,308
down €13,308 (-39.8%), from €33,454 to €20,147
- Tangible fixed assets +€11,707
up €11,707 (+182.3%), from €6,420 to €18,127
of which Furniture and vehicles: +€11,040
- Profit (loss) carried forward +€55,250
up €55,250 (+53.9%), from €102,530 to €157,780
- Other debts -€50,174
down €50,174 (-82.2%), from €61,062 to €10,888
- Tax, wage and social debts -€21,906
down €21,906 (-54.8%), from €39,992 to €18,086
of which Taxes: -€24,220
- Trade debts -€2,397
down €2,397 (-57.7%), from €4,157 to €1,760
- Financial income +€19,663
up €19,663 (+759.9%), from €2,588 to €22,251
of which Non-recurring financial income: +€20,674
- Taxes +€5,946
up €5,946 (+29.3%), from €20,282 to €26,228
- Gross operating margin +€3,621
up €3,621 (+3.7%), from €97,756 to €101,377
- Depreciation +€2,985
up €2,985 (+110.3%), from €2,707 to €5,692
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 | €209,741 | €190,514 | -€19,227 | -9.2% |
| Fixed assets | 21/28 | €86,733 | €98,910 | +€12,176 | +14.0% |
| Tangible fixed assets | 22/27 | €6,420 | €18,127 | +€11,707 | +182.3% |
| Furniture and vehicles | 24 | €1,782 | €12,822 | +€11,040 | +619.5% |
| Other tangible fixed assets | 26 | €4,638 | €5,305 | +€667 | +14.4% |
| Financial fixed assets | 28 | €80,313 | €80,783 | +€470 | +0.6% |
| Current assets | 29/58 | €123,008 | €91,604 | -€31,404 | -25.5% |
| Amounts receivable after more than one year | 29 | €8,000 | €8,000 | = | 0.0% |
| Other amounts receivable | 291 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,454 | €20,147 | -€13,308 | -39.8% |
| Trade receivables | 40 | €33,454 | €20,147 | -€13,308 | -39.8% |
| Cash at bank and in hand | 54/58 | €79,889 | €61,945 | -€17,944 | -22.5% |
| Deferred charges and accrued income | 490/1 | €1,665 | €1,513 | -€152 | -9.1% |
| Total equity and liabilities | 10/49 | €209,741 | €190,514 | -€19,227 | -9.2% |
| Equity | 10/15 | €104,530 | €159,780 | +€55,250 | +52.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,530 | €157,780 | +€55,250 | +53.9% |
| Amounts payable | 17/49 | €105,211 | €30,734 | -€74,478 | -70.8% |
| Amounts payable within one year | 42/48 | €105,211 | €30,734 | -€74,478 | -70.8% |
| Trade debts | 44 | €4,157 | €1,760 | -€2,397 | -57.7% |
| Suppliers | 440/4 | €4,157 | €1,760 | -€2,397 | -57.7% |
| Taxes, remuneration and social security | 45 | €39,992 | €18,086 | -€21,906 | -54.8% |
| Taxes | 450/3 | €39,992 | €15,772 | -€24,220 | -60.6% |
| Remuneration and social security | 454/9 | - | €2,314 | +€2,314 | |
| Other amounts payable | 47/48 | €61,062 | €10,888 | -€50,174 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,707 | €5,692 | +€2,985 | +110.3% |
| Other operating charges | 640/8 | €1,104 | €526 | -€578 | -52.3% |
| Gross operating margin | 9900 | €97,756 | €101,377 | +€3,621 | +3.7% |
| Operating profit (loss) | 9901 | €93,945 | €95,159 | +€1,214 | +1.3% |
| Financial income | 75/76B | €2,588 | €22,251 | +€19,663 | +759.9% |
| Recurring financial income | 75 | €2,588 | €1,577 | -€1,011 | -39.1% |
| Non-recurring financial income | 76B | - | €20,674 | +€20,674 | |
| Financial charges | 65/66B | €689 | €637 | -€52 | -7.5% |
| Recurring financial charges | 65 | €689 | €637 | -€52 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €95,844 | €116,773 | +€20,929 | +21.8% |
| Income taxes | 67/77 | €20,282 | €26,228 | +€5,946 | +29.3% |
| Profit (loss) for the period | 9904 | €75,562 | €90,545 | +€14,982 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,562 | €90,545 | +€14,982 | +19.8% |
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 10 October 2026 via checked.be.