ITTA: what changed
ITTA
Largest movements
- Tangible fixed assets +€8,602
up €8,602 (+41.3%), from €20,822 to €29,424
of which Plant, machinery and equipment: +€6,268
- Receivables within one year +€3,843
up €3,843 (+19.9%), from €19,317 to €23,160
of which Other amounts receivable: +€1,992
- Cash -€2,380
down €2,380 (-50.6%), from €4,699 to €2,319
mainly Investment in fixed assets (net) (-€15,119) and Other debts (-€5,294)
- Deferred charges and accrued income +€1,849
up €1,849 (+923%), from €200 to €2,049
- Profit (loss) carried forward +€18,014
up €18,014 (+73.3%), from €24,562 to €42,576
- Other debts -€5,294
no longer reported in 2025 (was €5,294)
- Tax, wage and social debts -€4,501
down €4,501 (-49.2%), from €9,150 to €4,649
- Current portion of long-term debt +€2,614
new in 2025: €2,614
- Trade debts +€1,453
up €1,453 (+32.6%), from €4,459 to €5,912
- Gross operating margin -€5,031
down €5,031 (-13.7%), from €36,751 to €31,719
- Depreciation +€3,268
up €3,268 (+101%), from €3,249 to €6,517
- Taxes -€1,201
down €1,201 (-17.1%), from €7,022 to €5,821
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,038 | €56,952 | +€11,914 | +26.5% |
| Fixed assets | 21/28 | €20,822 | €29,424 | +€8,602 | +41.3% |
| Tangible fixed assets | 22/27 | €20,822 | €29,424 | +€8,602 | +41.3% |
| Plant, machinery and equipment | 23 | €9,353 | €15,621 | +€6,268 | +67.0% |
| Furniture and vehicles | 24 | €11,469 | €13,803 | +€2,335 | +20.4% |
| Current assets | 29/58 | €24,216 | €27,528 | +€3,311 | +13.7% |
| Amounts receivable within one year | 40/41 | €19,317 | €23,160 | +€3,843 | +19.9% |
| Trade receivables | 40 | €15,237 | €17,087 | +€1,851 | +12.1% |
| Other amounts receivable | 41 | €4,080 | €6,072 | +€1,992 | +48.8% |
| Cash at bank and in hand | 54/58 | €4,699 | €2,319 | -€2,380 | -50.6% |
| Deferred charges and accrued income | 490/1 | €200 | €2,049 | +€1,849 | +923% |
| Total equity and liabilities | 10/49 | €45,038 | €56,952 | +€11,914 | +26.5% |
| Equity | 10/15 | €25,562 | €43,576 | +€18,014 | +70.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,562 | €42,576 | +€18,014 | +73.3% |
| Amounts payable | 17/49 | €19,476 | €13,376 | -€6,100 | -31.3% |
| Amounts payable within one year | 42/48 | €18,903 | €13,175 | -€5,728 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | - | €2,614 | +€2,614 | |
| Trade debts | 44 | €4,459 | €5,912 | +€1,453 | +32.6% |
| Suppliers | 440/4 | €4,459 | €5,912 | +€1,453 | +32.6% |
| Taxes, remuneration and social security | 45 | €9,150 | €4,649 | -€4,501 | -49.2% |
| Taxes | 450/3 | €9,150 | €4,649 | -€4,501 | -49.2% |
| Other amounts payable | 47/48 | €5,294 | - | -€5,294 | |
| Accrued charges and deferred income | 492/3 | €573 | €201 | -€373 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,249 | €6,517 | +€3,268 | +101% |
| Other operating charges | 640/8 | €278 | €160 | -€117 | -42.3% |
| Gross operating margin | 9900 | €36,751 | €31,719 | -€5,031 | -13.7% |
| Operating profit (loss) | 9901 | €33,224 | €25,042 | -€8,182 | -24.6% |
| Financial income | 75/76B | €77 | €107 | +€29 | +38.2% |
| Recurring financial income | 75 | €77 | €107 | +€29 | +38.2% |
| Financial charges | 65/66B | €1,059 | €1,314 | +€255 | +24.1% |
| Recurring financial charges | 65 | €1,059 | €1,314 | +€255 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €32,242 | €23,835 | -€8,407 | -26.1% |
| Income taxes | 67/77 | €7,022 | €5,821 | -€1,201 | -17.1% |
| Profit (loss) for the period | 9904 | €25,221 | €18,014 | -€7,206 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,221 | €18,014 | -€7,206 | -28.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.