ITTE: 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.
ITTE
Largest movements
- Cash -€45,916
down €45,916 (-92.4%), from €49,691 to €3,776
mainly Current portion of long-term debt (-€36,790) and Other debts (-€12,778)
- Tangible fixed assets -€22,013
down €22,013 (-6.9%), from €320,421 to €298,408
- Current portion of long-term debt -€36,790
down €36,790 (-43.6%), from €84,417 to €47,627
- Other debts -€12,778
down €12,778 (-13.1%), from €97,223 to €84,445
- Turnover -€70,278
down €70,278 (-86.8%), from €80,948 to €10,670
- Gross operating margin -€59,199
down €59,199 (-77.4%), from €76,507 to €17,307
- Taxes -€12,773
no longer reported in 2023 (was €12,773)
- Purchases and services +€12,617
up €12,617 (+123.8%), from €10,191 to €22,808
- Financial charges -€1,312
down €1,312 (-31.7%), from €4,143 to €2,831
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,035,965 | €970,659 | -€65,306 | -6.3% |
| Fixed assets | 21/28 | €969,554 | €947,541 | -€22,013 | -2.3% |
| Tangible fixed assets | 22/27 | €320,421 | €298,408 | -€22,013 | -6.9% |
| Land and buildings | 22 | €320,421 | €298,408 | -€22,013 | -6.9% |
| Financial fixed assets | 28 | €649,133 | €649,133 | = | 0.0% |
| Current assets | 29/58 | €66,411 | €23,118 | -€43,293 | -65.2% |
| Amounts receivable within one year | 40/41 | €16,720 | €19,343 | +€2,623 | +15.7% |
| Trade receivables | 40 | €395 | €32 | -€364 | -92.0% |
| Other amounts receivable | 41 | €16,324 | €19,311 | +€2,986 | +18.3% |
| Cash at bank and in hand | 54/58 | €49,691 | €3,776 | -€45,916 | -92.4% |
| Total equity and liabilities | 10/49 | €1,035,965 | €970,659 | -€65,306 | -6.3% |
| Equity | 10/15 | €651,009 | €643,182 | -€7,826 | -1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €91,829 | €91,829 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,970 | €89,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | €540,588 | €532,761 | -€7,826 | -1.4% |
| Provisions and deferred taxes | 16 | €22,493 | €22,493 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | - | €22,493 | +€22,493 | |
| Pensions and similar obligations | 160 | - | €22,493 | +€22,493 | |
| Deferred taxes | 168 | €22,493 | - | -€22,493 | |
| Amounts payable | 17/49 | €362,464 | €304,985 | -€57,479 | -15.9% |
| Amounts payable after more than one year | 17 | €144,248 | €143,546 | -€702 | -0.5% |
| Financial debts | 170/4 | €144,248 | €143,546 | -€702 | -0.5% |
| Amounts payable within one year | 42/48 | €218,216 | €161,439 | -€56,777 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €84,417 | €47,627 | -€36,790 | -43.6% |
| Trade debts | 44 | €7,208 | - | -€7,208 | |
| Suppliers | 440/4 | €7,208 | - | -€7,208 | |
| Taxes, remuneration and social security | 45 | €29,367 | €29,367 | = | 0.0% |
| Taxes | 450/3 | €29,367 | €29,367 | = | 0.0% |
| Other amounts payable | 47/48 | €97,223 | €84,445 | -€12,778 | -13.1% |
| Turnover | 70 | €80,948 | €10,670 | -€70,278 | -86.8% |
| Non-recurring operating income | 76A | €5,750 | €29,446 | +€23,696 | +412.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,191 | €22,808 | +€12,617 | +123.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,391 | €22,013 | +€622 | +2.9% |
| Other operating charges | 640/8 | €650 | €290 | -€360 | -55.4% |
| Gross operating margin | 9900 | €76,507 | €17,307 | -€59,199 | -77.4% |
| Operating profit (loss) | 9901 | €54,466 | -€4,995 | -€59,462 | |
| Financial charges | 65/66B | €4,143 | €2,831 | -€1,312 | -31.7% |
| Recurring financial charges | 65 | €4,143 | €2,831 | -€1,312 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €50,323 | -€7,826 | -€58,149 | |
| Income taxes | 67/77 | €12,773 | - | -€12,773 | |
| Profit (loss) for the period | 9904 | €37,550 | -€7,826 | -€45,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,550 | -€7,826 | -€45,376 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.