ITSON: 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.
ITSON
Largest movements
- Receivables within one year -€25,098
down €25,098 (-43.4%), from €57,847 to €32,748
of which Trade receivables: -€21,251
- Cash +€20,988
up €20,988 (+22.0%), from €95,376 to €116,363
mainly Other debts (+€126,443) and Net result for the year (+€75,560)
- Tangible fixed assets -€13,746
down €13,746 (-25.7%), from €53,386 to €39,640
of which Furniture and vehicles: -€13,078
- Reserves -€130,750
no longer reported in 2025 (was €130,750)
- Other debts +€126,443
new in 2025: €126,443
- Debts after one year -€12,874
down €12,874 (-30.0%), from €42,877 to €30,003
- Gross operating margin +€2,529
up €2,529 (+2.3%), from €109,932 to €112,461
- Depreciation +€1,364
up €1,364 (+11.0%), from €12,382 to €13,746
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 | €206,608 | €188,751 | -€17,857 | -8.6% |
| Fixed assets | 21/28 | €53,386 | €39,640 | -€13,746 | -25.7% |
| Tangible fixed assets | 22/27 | €53,386 | €39,640 | -€13,746 | -25.7% |
| Plant, machinery and equipment | 23 | €1,953 | €1,285 | -€668 | -34.2% |
| Furniture and vehicles | 24 | €51,432 | €38,354 | -€13,078 | -25.4% |
| Current assets | 29/58 | €153,223 | €149,112 | -€4,111 | -2.7% |
| Amounts receivable within one year | 40/41 | €57,847 | €32,748 | -€25,098 | -43.4% |
| Trade receivables | 40 | €41,662 | €20,411 | -€21,251 | -51.0% |
| Other amounts receivable | 41 | €16,185 | €12,337 | -€3,847 | -23.8% |
| Cash at bank and in hand | 54/58 | €95,376 | €116,363 | +€20,988 | +22.0% |
| Total equity and liabilities | 10/49 | €206,608 | €188,751 | -€17,857 | -8.6% |
| Equity | 10/15 | €132,885 | €1,695 | -€131,190 | -98.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €130,750 | - | -€130,750 | |
| Distributable reserves | 133 | €130,750 | - | -€130,750 | |
| Profit (loss) carried forward | 14 | €635 | €195 | -€440 | -69.3% |
| Amounts payable | 17/49 | €73,724 | €187,057 | +€113,333 | +153.7% |
| Amounts payable after more than one year | 17 | €42,877 | €30,003 | -€12,874 | -30.0% |
| Financial debts | 170/4 | €42,877 | €30,003 | -€12,874 | -30.0% |
| Amounts payable within one year | 42/48 | €30,847 | €157,053 | +€126,207 | +409.1% |
| Current portion of amounts payable after more than one year | 42 | €16,360 | €16,954 | +€594 | +3.6% |
| Trade debts | 44 | €2,358 | €1,065 | -€1,293 | -54.8% |
| Suppliers | 440/4 | €2,358 | €1,065 | -€1,293 | -54.8% |
| Taxes, remuneration and social security | 45 | €12,128 | €12,592 | +€463 | +3.8% |
| Taxes | 450/3 | €12,128 | €12,592 | +€463 | +3.8% |
| Other amounts payable | 47/48 | - | €126,443 | +€126,443 | |
| Non-recurring operating income | 76A | €6,987 | - | -€6,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,382 | €13,746 | +€1,364 | +11.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €109,932 | €112,461 | +€2,529 | +2.3% |
| Operating profit (loss) | 9901 | €97,163 | €98,315 | +€1,152 | +1.2% |
| Financial income | 75/76B | - | €116 | +€116 | |
| Recurring financial income | 75 | - | €116 | +€116 | |
| Financial charges | 65/66B | €3,187 | €3,160 | -€27 | -0.8% |
| Recurring financial charges | 65 | €3,187 | €3,160 | -€27 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €93,976 | €95,272 | +€1,296 | +1.4% |
| Income taxes | 67/77 | €18,951 | €19,712 | +€760 | +4.0% |
| Profit (loss) for the period | 9904 | €75,025 | €75,560 | +€535 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,025 | €75,560 | +€535 | +0.7% |
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 8 October 2026 via checked.be.