ITTES IT: 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.
ITTES IT
Largest movements
- Intangible fixed assets +€192,207
up €192,207 (+157.5%), from €122,037 to €314,244
- Tangible fixed assets +€120,801
up €120,801 (+85.3%), from €141,549 to €262,350
of which Leasing and similar rights: +€107,392
- Current investments +€60,294
new in 2025: €60,294
- Cash +€47,769
up €47,769 (+157.0%), from €30,422 to €78,191
mainly Debts after one year (+€382,450) and Current portion of long-term debt (+€70,670)
- Receivables within one year +€47,495
up €47,495 (+33.1%), from €143,408 to €190,903
of which Trade receivables: +€27,520
- Debts after one year +€382,450
up €382,450 (+278.6%), from €137,297 to €519,747
of which Financial debts: +€342,450
- Reserves -€101,873
down €101,873 (-77.1%), from €132,198 to €30,325
- Current portion of long-term debt +€70,670
up €70,670 (+418.6%), from €16,883 to €87,554
- Short-term financial debts +€67,609
up €67,609 (+112.7%), from €60,006 to €127,615
of which Credit institutions: +€75,223
- Tax, wage and social debts +€65,266
up €65,266 (+253.7%), from €25,721 to €90,987
of which Remuneration and social security: +€59,400
- Staff costs +€324,389
up €324,389 (+108.2%), from €299,738 to €624,127
- Gross operating margin +€126,557
up €126,557 (+25.0%), from €506,293 to €632,851
- Depreciation +€32,132
up €32,132 (+100.1%), from €32,090 to €64,222
- Taxes -€30,383
down €30,383 (-95.7%), from €31,762 to €1,380
- Financial charges +€26,489
up €26,489 (+220.8%), from €11,996 to €38,485
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 | €468,952 | €993,285 | +€524,333 | +111.8% |
| Fixed assets | 21/28 | €274,836 | €587,944 | +€313,108 | +113.9% |
| Intangible fixed assets | 21 | €122,037 | €314,244 | +€192,207 | +157.5% |
| Tangible fixed assets | 22/27 | €141,549 | €262,350 | +€120,801 | +85.3% |
| Plant, machinery and equipment | 23 | €19,203 | €21,635 | +€2,432 | +12.7% |
| Furniture and vehicles | 24 | €40,660 | €38,501 | -€2,159 | -5.3% |
| Leasing and similar rights | 25 | - | €107,392 | +€107,392 | |
| Other tangible fixed assets | 26 | €81,686 | €94,822 | +€13,136 | +16.1% |
| Financial fixed assets | 28 | €11,250 | €11,350 | +€100 | +0.9% |
| Current assets | 29/58 | €194,117 | €405,341 | +€211,224 | +108.8% |
| Stocks and contracts in progress | 3 | €10,829 | €25,837 | +€15,008 | +138.6% |
| Stocks | 30/36 | €10,829 | €25,837 | +€15,008 | +138.6% |
| Amounts receivable within one year | 40/41 | €143,408 | €190,903 | +€47,495 | +33.1% |
| Trade receivables | 40 | €133,303 | €160,823 | +€27,520 | +20.6% |
| Other amounts receivable | 41 | €10,105 | €30,080 | +€19,975 | +197.7% |
| Current investments | 50/53 | - | €60,294 | +€60,294 | |
| Cash at bank and in hand | 54/58 | €30,422 | €78,191 | +€47,769 | +157.0% |
| Deferred charges and accrued income | 490/1 | €9,459 | €50,116 | +€40,658 | +429.9% |
| Total equity and liabilities | 10/49 | €468,952 | €993,285 | +€524,333 | +111.8% |
| Equity | 10/15 | €152,198 | €50,325 | -€101,873 | -66.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €132,198 | €30,325 | -€101,873 | -77.1% |
| Distributable reserves | 133 | €132,198 | €30,325 | -€101,873 | -77.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €316,755 | €942,960 | +€626,206 | +197.7% |
| Amounts payable after more than one year | 17 | €137,297 | €519,747 | +€382,450 | +278.6% |
| Financial debts | 170/4 | €137,297 | €479,747 | +€342,450 | +249.4% |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €178,204 | €417,269 | +€239,065 | +134.2% |
| Current portion of amounts payable after more than one year | 42 | €16,883 | €87,554 | +€70,670 | +418.6% |
| Financial debts | 43 | €60,006 | €127,615 | +€67,609 | +112.7% |
| Credit institutions | 430/8 | €52,392 | €127,615 | +€75,223 | +143.6% |
| Other loans | 439 | €7,614 | €0 | -€7,614 | -100.0% |
| Trade debts | 44 | €56,700 | €100,851 | +€44,151 | +77.9% |
| Suppliers | 440/4 | €56,700 | €100,851 | +€44,151 | +77.9% |
| Advances received on contracts in progress | 46 | €4,411 | €6,672 | +€2,261 | +51.3% |
| Taxes, remuneration and social security | 45 | €25,721 | €90,987 | +€65,266 | +253.7% |
| Taxes | 450/3 | €19,099 | €24,966 | +€5,867 | +30.7% |
| Remuneration and social security | 454/9 | €6,622 | €66,022 | +€59,400 | +897.0% |
| Other amounts payable | 47/48 | €14,483 | €3,589 | -€10,893 | -75.2% |
| Accrued charges and deferred income | 492/3 | €1,253 | €5,944 | +€4,690 | +374.2% |
| Remuneration, social security and pensions | 62 | €299,738 | €624,127 | +€324,389 | +108.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,090 | €64,222 | +€32,132 | +100.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,643 | €892 | -€7,751 | -89.7% |
| Other operating charges | 640/8 | €2,225 | €6,922 | +€4,697 | +211.2% |
| Gross operating margin | 9900 | €506,293 | €632,851 | +€126,557 | +25.0% |
| Operating profit (loss) | 9901 | €163,598 | -€63,312 | -€226,910 | |
| Financial income | 75/76B | €2,653 | €1,304 | -€1,349 | -50.9% |
| Recurring financial income | 75 | €2,653 | €1,304 | -€1,349 | -50.9% |
| Financial charges | 65/66B | €11,996 | €38,485 | +€26,489 | +220.8% |
| Recurring financial charges | 65 | €11,996 | €38,485 | +€26,489 | +220.8% |
| Profit (loss) for the period before taxes | 9903 | €154,255 | -€100,493 | -€254,748 | |
| Income taxes | 67/77 | €31,762 | €1,380 | -€30,383 | -95.7% |
| Profit (loss) for the period | 9904 | €122,493 | -€101,873 | -€224,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,493 | -€101,873 | -€224,366 |
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 7 October 2026 via checked.be.