ITSTW: 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.
ITSTW
Largest movements
- Tangible fixed assets +€23,402
up €23,402 (+15.3%), from €152,892 to €176,294
of which Plant, machinery and equipment: +€17,278
- Stocks and contracts -€15,705
down €15,705 (-47.2%), from €33,280 to €17,575
- Cash +€7,935
up €7,935 (+91.4%), from €8,680 to €16,615
mainly Trade debts (+€33,688) and Depreciation (+€26,682)
- Receivables within one year -€4,504
down €4,504 (-5.6%), from €80,187 to €75,683
of which Trade receivables: -€4,398
- Trade debts +€33,688
up €33,688 (+43.7%), from €77,078 to €110,766
- Current portion of long-term debt -€17,077
down €17,077 (-59.8%), from €28,572 to €11,495
- Debts after one year -€11,495
down €11,495 (-19.2%), from €59,788 to €48,293
- Profit (loss) carried forward +€9,483
up €9,483 (+17.7%), from €53,622 to €63,105
- Other debts -€4,401
down €4,401 (-15.2%), from €28,881 to €24,481
- Gross operating margin +€40,874
up €40,874 (+106.7%), from €38,299 to €79,173
- Write-downs +€33,346
up €33,346, from -€258 to €33,088
- Financial income -€5,426
down €5,426 (-99.5%), from €5,452 to €26
- Depreciation -€3,274
down €3,274 (-10.9%), from €29,956 to €26,682
- Other operating charges +€2,423
up €2,423 (+169.1%), from €1,433 to €3,857
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 | €275,281 | €286,785 | +€11,504 | +4.2% |
| Fixed assets | 21/28 | €152,892 | €176,294 | +€23,402 | +15.3% |
| Tangible fixed assets | 22/27 | €152,892 | €176,294 | +€23,402 | +15.3% |
| Land and buildings | 22 | €104,522 | €120,379 | +€15,857 | +15.2% |
| Plant, machinery and equipment | 23 | €3,862 | €21,140 | +€17,278 | +447.4% |
| Furniture and vehicles | 24 | €44,508 | €34,775 | -€9,733 | -21.9% |
| Current assets | 29/58 | €122,389 | €110,491 | -€11,898 | -9.7% |
| Stocks and contracts in progress | 3 | €33,280 | €17,575 | -€15,705 | -47.2% |
| Stocks | 30/36 | €33,280 | €17,575 | -€15,705 | -47.2% |
| Amounts receivable within one year | 40/41 | €80,187 | €75,683 | -€4,504 | -5.6% |
| Trade receivables | 40 | €70,581 | €66,184 | -€4,398 | -6.2% |
| Other amounts receivable | 41 | €9,605 | €9,499 | -€106 | -1.1% |
| Cash at bank and in hand | 54/58 | €8,680 | €16,615 | +€7,935 | +91.4% |
| Deferred charges and accrued income | 490/1 | €243 | €619 | +€376 | +154.8% |
| Total equity and liabilities | 10/49 | €275,281 | €286,785 | +€11,504 | +4.2% |
| Equity | 10/15 | €78,945 | €88,428 | +€9,483 | +12.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €4,863 | €4,863 | = | 0.0% |
| Distributable reserves | 133 | €4,863 | €4,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,622 | €63,105 | +€9,483 | +17.7% |
| Amounts payable | 17/49 | €196,336 | €198,357 | +€2,021 | +1.0% |
| Amounts payable after more than one year | 17 | €59,788 | €48,293 | -€11,495 | -19.2% |
| Financial debts | 170/4 | €59,788 | €48,293 | -€11,495 | -19.2% |
| Amounts payable within one year | 42/48 | €136,549 | €150,064 | +€13,516 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €28,572 | €11,495 | -€17,077 | -59.8% |
| Trade debts | 44 | €77,078 | €110,766 | +€33,688 | +43.7% |
| Suppliers | 440/4 | €77,078 | €110,766 | +€33,688 | +43.7% |
| Taxes, remuneration and social security | 45 | €2,018 | €3,323 | +€1,305 | +64.7% |
| Taxes | 450/3 | €2,018 | €3,323 | +€1,305 | +64.7% |
| Other amounts payable | 47/48 | €28,881 | €24,481 | -€4,401 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,956 | €26,682 | -€3,274 | -10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€258 | €33,088 | +€33,346 | |
| Other operating charges | 640/8 | €1,433 | €3,857 | +€2,423 | +169.1% |
| Gross operating margin | 9900 | €38,299 | €79,173 | +€40,874 | +106.7% |
| Operating profit (loss) | 9901 | €7,167 | €15,546 | +€8,379 | +116.9% |
| Financial income | 75/76B | €5,452 | €26 | -€5,426 | -99.5% |
| Recurring financial income | 75 | €5,452 | €26 | -€5,426 | -99.5% |
| Financial charges | 65/66B | €3,093 | €2,766 | -€327 | -10.6% |
| Recurring financial charges | 65 | €3,093 | €2,766 | -€327 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €9,526 | €12,806 | +€3,280 | +34.4% |
| Income taxes | 67/77 | €2,018 | €3,323 | +€1,305 | +64.7% |
| Profit (loss) for the period | 9904 | €7,508 | €9,483 | +€1,975 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,508 | €9,483 | +€1,975 | +26.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.