ITSOH: 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.
ITSOH
Largest movements
- Receivables within one year +€83,586
up €83,586 (+47.5%), from €175,820 to €259,406
of which Other amounts receivable: +€92,300
- Tangible fixed assets +€3,716
new in 2025: €3,716
- Intangible fixed assets -€3,530
no longer reported in 2025 (was €3,530)
- Tax, wage and social debts +€38,582
up €38,582 (+1281.4%), from €3,011 to €41,593
- Trade debts +€15,694
new in 2025: €15,694
- Accrued charges and deferred income +€15,221
new in 2025: €15,221
- Reserves +€14,396
up €14,396 (+49.7%), from €28,959 to €43,355
of which Distributable reserves: +€14,396
- Other operating charges +€14,829
up €14,829 (+206.6%), from €7,178 to €22,007
- Financial income +€8,704
new in 2025: €8,704
- Taxes +€6,899
up €6,899 (+18.4%), from €37,534 to €44,433
- Gross operating margin +€2,831
up €2,831 (+3.7%), from €75,593 to €78,424
- Financial charges +€1,593
up €1,593 (+1365.4%), from €117 to €1,710
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 | €216,187 | €300,081 | +€83,894 | +38.8% |
| Fixed assets | 21/28 | €3,530 | €3,716 | +€187 | +5.3% |
| Intangible fixed assets | 21 | €3,530 | - | -€3,530 | |
| Tangible fixed assets | 22/27 | - | €3,716 | +€3,716 | |
| Furniture and vehicles | 24 | - | €3,716 | +€3,716 | |
| Current assets | 29/58 | €212,657 | €296,365 | +€83,708 | +39.4% |
| Amounts receivable within one year | 40/41 | €175,820 | €259,406 | +€83,586 | +47.5% |
| Trade receivables | 40 | €56,029 | €47,316 | -€8,713 | -15.6% |
| Other amounts receivable | 41 | €119,791 | €212,091 | +€92,300 | +77.1% |
| Cash at bank and in hand | 54/58 | €36,837 | €36,118 | -€719 | -2.0% |
| Deferred charges and accrued income | 490/1 | - | €841 | +€841 | |
| Total equity and liabilities | 10/49 | €216,187 | €300,081 | +€83,894 | +38.8% |
| Equity | 10/15 | €213,176 | €227,572 | +€14,396 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,959 | €43,355 | +€14,396 | +49.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €27,099 | €41,495 | +€14,396 | +53.1% |
| Profit (loss) carried forward | 14 | €165,617 | €165,617 | = | 0.0% |
| Amounts payable | 17/49 | €3,011 | €72,509 | +€69,498 | +2308.1% |
| Amounts payable within one year | 42/48 | €3,011 | €57,288 | +€54,277 | +1802.6% |
| Trade debts | 44 | - | €15,694 | +€15,694 | |
| Suppliers | 440/4 | - | €15,694 | +€15,694 | |
| Taxes, remuneration and social security | 45 | €3,011 | €41,593 | +€38,582 | +1281.4% |
| Taxes | 450/3 | €3,011 | €41,593 | +€38,582 | +1281.4% |
| Accrued charges and deferred income | 492/3 | - | €15,221 | +€15,221 | |
| Remuneration, social security and pensions | 62 | - | €498 | +€498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,665 | €4,084 | +€419 | +11.4% |
| Other operating charges | 640/8 | €7,178 | €22,007 | +€14,829 | +206.6% |
| Gross operating margin | 9900 | €75,593 | €78,424 | +€2,831 | +3.7% |
| Operating profit (loss) | 9901 | €64,750 | €51,835 | -€12,915 | -19.9% |
| Financial income | 75/76B | - | €8,704 | +€8,704 | |
| Recurring financial income | 75 | - | €8,704 | +€8,704 | |
| Financial charges | 65/66B | €117 | €1,710 | +€1,593 | +1365.4% |
| Recurring financial charges | 65 | €117 | €1,710 | +€1,593 | +1365.4% |
| Profit (loss) for the period before taxes | 9903 | €64,633 | €58,829 | -€5,804 | -9.0% |
| Income taxes | 67/77 | €37,534 | €44,433 | +€6,899 | +18.4% |
| Profit (loss) for the period | 9904 | €27,099 | €14,396 | -€12,703 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,099 | €14,396 | -€12,703 | -46.9% |
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 2 October 2026 via checked.be.