Ittesdoc: 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.
Ittesdoc
Largest movements
- Receivables within one year +€12,609
up €12,609 (+83.5%), from €15,094 to €27,704
of which Trade receivables: +€12,094
- Stocks and contracts +€9,931
up €9,931 (+26.9%), from €36,947 to €46,877
- Tangible fixed assets -€6,050
down €6,050 (-7.7%), from €78,549 to €72,498
of which Plant, machinery and equipment: -€4,217
- Deferred charges and accrued income +€5,603
up €5,603 (+219%), from €2,561 to €8,164
- Intangible fixed assets -€4,490
down €4,490 (-30.6%), from €14,661 to €10,171
- Trade debts +€21,844
up €21,844 (+82.0%), from €26,627 to €48,471
- Current portion of long-term debt -€19,561
down €19,561 (-49.4%), from €39,602 to €20,041
- Profit (loss) carried forward +€11,154
up €11,154 (+3.6%), from -€309,899 to -€298,745
- Tax, wage and social debts +€6,093
up €6,093 (+25.5%), from €23,907 to €30,000
of which Taxes: +€3,915
- Short-term financial debts -€3,556
down €3,556 (-14.4%), from €24,611 to €21,055
- Staff costs -€52,773
down €52,773 (-27.8%), from €189,872 to €137,100
- Gross operating margin +€37,356
up €37,356 (+23.7%), from €157,951 to €195,306
- Write-downs -€13,443
down €13,443 (-87.6%), from €15,340 to €1,897
- Other operating charges -€8,620
down €8,620 (-85.3%), from €10,103 to €1,483
- Financial charges +€2,631
up €2,631 (+21.7%), from €12,100 to €14,731
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 | €150,688 | €166,193 | +€15,505 | +10.3% |
| Fixed assets | 21/28 | €95,659 | €82,718 | -€12,941 | -13.5% |
| Intangible fixed assets | 21 | €14,661 | €10,171 | -€4,490 | -30.6% |
| Tangible fixed assets | 22/27 | €78,549 | €72,498 | -€6,050 | -7.7% |
| Plant, machinery and equipment | 23 | €74,354 | €70,137 | -€4,217 | -5.7% |
| Furniture and vehicles | 24 | €4,195 | €2,361 | -€1,833 | -43.7% |
| Financial fixed assets | 28 | €2,450 | €50 | -€2,400 | -98.0% |
| Current assets | 29/58 | €55,029 | €83,475 | +€28,446 | +51.7% |
| Stocks and contracts in progress | 3 | €36,947 | €46,877 | +€9,931 | +26.9% |
| Stocks | 30/36 | €36,947 | €46,877 | +€9,931 | +26.9% |
| Amounts receivable within one year | 40/41 | €15,094 | €27,704 | +€12,609 | +83.5% |
| Trade receivables | 40 | €15,089 | €27,182 | +€12,094 | +80.1% |
| Other amounts receivable | 41 | €6 | €521 | +€516 | +9,296% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €177 | €480 | +€303 | +171% |
| Deferred charges and accrued income | 490/1 | €2,561 | €8,164 | +€5,603 | +219% |
| Total equity and liabilities | 10/49 | €150,688 | €166,193 | +€15,505 | +10.3% |
| Equity | 10/15 | -€123,439 | -€112,285 | +€11,154 | +9.0% |
| Contributions | 10/11 | €156,700 | €156,700 | = | 0.0% |
| Reserves | 13 | €29,760 | €29,760 | = | 0.0% |
| Distributable reserves | 133 | €29,760 | €29,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€309,899 | -€298,745 | +€11,154 | +3.6% |
| Amounts payable | 17/49 | €274,127 | €278,478 | +€4,351 | +1.6% |
| Amounts payable after more than one year | 17 | €149,656 | €148,315 | -€1,341 | -0.9% |
| Financial debts | 170/4 | €149,656 | €148,315 | -€1,341 | -0.9% |
| Amounts payable within one year | 42/48 | €117,544 | €123,297 | +€5,753 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €39,602 | €20,041 | -€19,561 | -49.4% |
| Financial debts | 43 | €24,611 | €21,055 | -€3,556 | -14.4% |
| Credit institutions | 430/8 | €24,611 | €21,055 | -€3,556 | -14.4% |
| Trade debts | 44 | €26,627 | €48,471 | +€21,844 | +82.0% |
| Suppliers | 440/4 | €26,627 | €48,471 | +€21,844 | +82.0% |
| Advances received on contracts in progress | 46 | €1,500 | €0 | -€1,500 | -100% |
| Taxes, remuneration and social security | 45 | €23,907 | €30,000 | +€6,093 | +25.5% |
| Taxes | 450/3 | €3,815 | €7,730 | +€3,915 | +103% |
| Remuneration and social security | 454/9 | €20,092 | €22,270 | +€2,178 | +10.8% |
| Other amounts payable | 47/48 | €1,297 | €3,730 | +€2,433 | +188% |
| Accrued charges and deferred income | 492/3 | €6,927 | €6,866 | -€61 | -0.9% |
| Non-recurring operating income | 76A | €136 | €0 | -€136 | -100% |
| Remuneration, social security and pensions | 62 | €189,872 | €137,100 | -€52,773 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,658 | €30,187 | +€2,529 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,340 | €1,897 | -€13,443 | -87.6% |
| Other operating charges | 640/8 | €10,103 | €1,483 | -€8,620 | -85.3% |
| Non-recurring operating charges | 66A | €261 | €0 | -€261 | -100% |
| Gross operating margin | 9900 | €157,951 | €195,306 | +€37,356 | +23.7% |
| Operating profit (loss) | 9901 | -€85,283 | €24,640 | +€109,923 | |
| Financial income | 75/76B | €2,117 | €1,456 | -€661 | -31.2% |
| Recurring financial income | 75 | €2,117 | €1,456 | -€661 | -31.2% |
| Financial charges | 65/66B | €12,100 | €14,731 | +€2,631 | +21.7% |
| Recurring financial charges | 65 | €12,100 | €14,731 | +€2,631 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€95,265 | €11,365 | +€106,630 | |
| Income taxes | 67/77 | €412 | €211 | -€201 | -48.9% |
| Profit (loss) for the period | 9904 | -€95,677 | €11,154 | +€106,832 | |
| Profit (loss) for the period to be appropriated | 9905 | -€95,677 | €11,154 | +€106,832 |
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 15 October 2026 via checked.be.