ITTECH: 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.
ITTECH
Largest movements
- Cash +€77,527
up €77,527 (+18.5%), from €419,472 to €496,998
mainly Net result for the year (+€82,992) and Receivables within one year (+€25,903)
- Receivables within one year -€25,903
down €25,903 (-62.4%), from €41,501 to €15,598
of which Trade receivables: -€24,732
- Reserves +€83,000
up €83,000 (+69.2%), from €120,000 to €203,000
of which Distributable reserves: +€83,000
- Other debts -€30,548
down €30,548 (-5.0%), from €610,959 to €580,411
- Depreciation -€30,231
down €30,231 (-98.3%), from €30,749 to €518
- Staff costs +€20,596
up €20,596 (+7.8%), from €263,141 to €283,737
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.
Derived cash bridge
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 | €874,052 | €924,123 | +€50,071 | +5.7% |
| Fixed assets | 21/28 | €2,228 | €1,710 | -€518 | -23.2% |
| Tangible fixed assets | 22/27 | €2,228 | €1,710 | -€518 | -23.2% |
| Land and buildings | 22 | €2,063 | €1,710 | -€352 | -17.1% |
| Plant, machinery and equipment | 23 | €166 | - | -€166 | |
| Current assets | 29/58 | €871,824 | €922,413 | +€50,589 | +5.8% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,501 | €15,598 | -€25,903 | -62.4% |
| Trade receivables | 40 | €33,681 | €8,950 | -€24,732 | -73.4% |
| Other amounts receivable | 41 | €7,820 | €6,648 | -€1,171 | -15.0% |
| Cash at bank and in hand | 54/58 | €419,472 | €496,998 | +€77,527 | +18.5% |
| Deferred charges and accrued income | 490/1 | €10,852 | €9,817 | -€1,035 | -9.5% |
| Total equity and liabilities | 10/49 | €874,052 | €924,123 | +€50,071 | +5.7% |
| Equity | 10/15 | €220,150 | €303,143 | +€82,992 | +37.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €203,000 | +€83,000 | +69.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €101,250 | €184,250 | +€83,000 | +82.0% |
| Profit (loss) carried forward | 14 | €150 | €143 | -€8 | -5.1% |
| Amounts payable | 17/49 | €653,902 | €620,981 | -€32,921 | -5.0% |
| Amounts payable within one year | 42/48 | €653,902 | €620,981 | -€32,921 | -5.0% |
| Trade debts | 44 | €1,534 | €2,958 | +€1,424 | +92.9% |
| Suppliers | 440/4 | €1,534 | €2,958 | +€1,424 | +92.9% |
| Taxes, remuneration and social security | 45 | €41,410 | €37,612 | -€3,798 | -9.2% |
| Taxes | 450/3 | €23,368 | €17,627 | -€5,742 | -24.6% |
| Remuneration and social security | 454/9 | €18,041 | €19,985 | +€1,944 | +10.8% |
| Other amounts payable | 47/48 | €610,959 | €580,411 | -€30,548 | -5.0% |
| Remuneration, social security and pensions | 62 | €263,141 | €283,737 | +€20,596 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,749 | €518 | -€30,231 | -98.3% |
| Other operating charges | 640/8 | €2,074 | €1,930 | -€143 | -6.9% |
| Gross operating margin | 9900 | €394,332 | €390,926 | -€3,406 | -0.9% |
| Operating profit (loss) | 9901 | €98,369 | €104,741 | +€6,372 | +6.5% |
| Financial income | 75/76B | €9,225 | €9,200 | -€25 | -0.3% |
| Recurring financial income | 75 | €9,225 | €9,200 | -€25 | -0.3% |
| Financial charges | 65/66B | €38 | €195 | +€157 | +414% |
| Recurring financial charges | 65 | €38 | €195 | +€157 | +414% |
| Profit (loss) for the period before taxes | 9903 | €107,556 | €113,746 | +€6,190 | +5.8% |
| Income taxes | 67/77 | €30,208 | €30,754 | +€546 | +1.8% |
| Profit (loss) for the period | 9904 | €77,348 | €82,992 | +€5,645 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,348 | €82,992 | +€5,645 | +7.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.