ITSWISE: 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.
ITSWISE
Largest movements
- Cash -€23,517
down €23,517 (-75.2%), from €31,271 to €7,755
mainly Net result for the year (-€31,468) and Debts after one year (-€16,215)
- Tangible fixed assets -€11,533
down €11,533 (-11.5%), from €100,401 to €88,868
of which Leasing and similar rights: -€19,870
- Receivables within one year -€3,230
down €3,230 (-15.8%), from €20,432 to €17,202
of which Other amounts receivable: -€3,221
- Profit (loss) carried forward -€31,468
down €31,468, from €394 to -€31,074
- Debts after one year -€16,215
down €16,215 (-28.1%), from €57,623 to €41,408
- Other debts +€11,456
up €11,456 (+1021.9%), from €1,121 to €12,577
- Tax, wage and social debts -€2,064
no longer reported in 2025 (was €2,064)
- Trade debts -€2,038
down €2,038 (-87.7%), from €2,324 to €286
- Gross operating margin -€38,669
down €38,669, from €37,375 to -€1,294
- Taxes -€4,210
down €4,210 (-93.7%), from €4,493 to €283
- Depreciation +€4,106
up €4,106 (+18.6%), from €22,054 to €26,160
- Financial charges -€673
down €673 (-18.0%), from €3,734 to €3,061
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 | €154,718 | €115,984 | -€38,734 | -25.0% |
| Fixed assets | 21/28 | €100,601 | €88,868 | -€11,733 | -11.7% |
| Tangible fixed assets | 22/27 | €100,401 | €88,868 | -€11,533 | -11.5% |
| Land and buildings | 22 | €16,926 | €17,689 | +€763 | +4.5% |
| Plant, machinery and equipment | 23 | €0 | €4,580 | +€4,580 | |
| Furniture and vehicles | 24 | €946 | €3,940 | +€2,993 | +316.3% |
| Leasing and similar rights | 25 | €82,529 | €62,659 | -€19,870 | -24.1% |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €54,117 | €27,116 | -€27,000 | -49.9% |
| Amounts receivable within one year | 40/41 | €20,432 | €17,202 | -€3,230 | -15.8% |
| Trade receivables | 40 | €13,068 | €13,059 | -€9 | -0.1% |
| Other amounts receivable | 41 | €7,364 | €4,142 | -€3,221 | -43.7% |
| Cash at bank and in hand | 54/58 | €31,271 | €7,755 | -€23,517 | -75.2% |
| Deferred charges and accrued income | 490/1 | €2,414 | €2,160 | -€254 | -10.5% |
| Total equity and liabilities | 10/49 | €154,718 | €115,984 | -€38,734 | -25.0% |
| Equity | 10/15 | €75,212 | €43,744 | -€31,468 | -41.8% |
| Contributions | 10/11 | €1,935 | €1,935 | = | 0.0% |
| Reserves | 13 | €72,883 | €72,883 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,480 | - | -€6,480 | |
| Reserves not available under the articles | 1311 | €6,480 | - | -€6,480 | |
| Distributable reserves | 133 | €66,403 | €72,883 | +€6,480 | +9.8% |
| Profit (loss) carried forward | 14 | €394 | -€31,074 | -€31,468 | |
| Amounts payable | 17/49 | €79,506 | €72,240 | -€7,266 | -9.1% |
| Amounts payable after more than one year | 17 | €57,623 | €41,408 | -€16,215 | -28.1% |
| Financial debts | 170/4 | €57,623 | €41,408 | -€16,215 | -28.1% |
| Amounts payable within one year | 42/48 | €21,882 | €29,157 | +€7,275 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €16,373 | €16,294 | -€79 | -0.5% |
| Trade debts | 44 | €2,324 | €286 | -€2,038 | -87.7% |
| Suppliers | 440/4 | €2,324 | €286 | -€2,038 | -87.7% |
| Taxes, remuneration and social security | 45 | €2,064 | - | -€2,064 | |
| Taxes | 450/3 | €2,064 | - | -€2,064 | |
| Other amounts payable | 47/48 | €1,121 | €12,577 | +€11,456 | +1021.9% |
| Accrued charges and deferred income | 492/3 | - | €1,675 | +€1,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,054 | €26,160 | +€4,106 | +18.6% |
| Other operating charges | 640/8 | €918 | €698 | -€221 | -24.0% |
| Gross operating margin | 9900 | €37,375 | -€1,294 | -€38,669 | |
| Operating profit (loss) | 9901 | €14,403 | -€28,151 | -€42,554 | |
| Financial income | 75/76B | €15 | €27 | +€12 | +81.4% |
| Recurring financial income | 75 | €15 | €27 | +€12 | +81.4% |
| Financial charges | 65/66B | €3,734 | €3,061 | -€673 | -18.0% |
| Recurring financial charges | 65 | €3,734 | €3,061 | -€673 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €10,684 | -€31,186 | -€41,869 | |
| Income taxes | 67/77 | €4,493 | €283 | -€4,210 | -93.7% |
| Profit (loss) for the period | 9904 | €6,191 | -€31,468 | -€37,659 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,191 | -€31,468 | -€37,659 |
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 5 October 2026 via checked.be.