ITTIMA: 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.
ITTIMA
Largest movements
- Receivables within one year +€45,489
up €45,489 (+56.0%), from €81,267 to €126,756
of which Trade receivables: +€39,436
- Cash +€34,999
up €34,999 (+23.4%), from €149,434 to €184,433
mainly Net result for the year (+€83,508) and Receivables after one year (+€11,142)
- Receivables after one year -€11,142
down €11,142 (-29.5%), from €37,798 to €26,656
of which Trade receivables: -€37,798
- Tangible fixed assets -€6,942
down €6,942 (-32.4%), from €21,412 to €14,470
of which Furniture and vehicles: -€6,655
- Reserves +€67,699
up €67,699 (+30.0%), from €225,670 to €293,369
- Other debts -€3,778
down €3,778 (-12.3%), from €30,713 to €26,935
- Gross operating margin +€37,568
up €37,568 (+44.2%), from €84,928 to €122,496
- Taxes +€11,286
up €11,286 (+52.2%), from €21,609 to €32,896
- Financial income +€1,334
up €1,334 (+174.5%), from €764 to €2,098
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,846 | €354,423 | +€62,577 | +21.4% |
| Fixed assets | 21/28 | €21,412 | €14,470 | -€6,942 | -32.4% |
| Tangible fixed assets | 22/27 | €21,412 | €14,470 | -€6,942 | -32.4% |
| Plant, machinery and equipment | 23 | €900 | €613 | -€287 | -31.9% |
| Furniture and vehicles | 24 | €20,512 | €13,857 | -€6,655 | -32.4% |
| Current assets | 29/58 | €270,434 | €339,954 | +€69,519 | +25.7% |
| Amounts receivable after more than one year | 29 | €37,798 | €26,656 | -€11,142 | -29.5% |
| Trade receivables | 290 | €37,798 | €0 | -€37,798 | -100.0% |
| Other amounts receivable | 291 | - | €26,656 | +€26,656 | |
| Amounts receivable within one year | 40/41 | €81,267 | €126,756 | +€45,489 | +56.0% |
| Trade receivables | 40 | €70,291 | €109,727 | +€39,436 | +56.1% |
| Other amounts receivable | 41 | €10,976 | €17,029 | +€6,053 | +55.2% |
| Cash at bank and in hand | 54/58 | €149,434 | €184,433 | +€34,999 | +23.4% |
| Deferred charges and accrued income | 490/1 | €1,936 | €2,109 | +€173 | +8.9% |
| Total equity and liabilities | 10/49 | €291,846 | €354,423 | +€62,577 | +21.4% |
| Equity | 10/15 | €231,176 | €298,874 | +€67,699 | +29.3% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €225,670 | €293,369 | +€67,699 | +30.0% |
| Distributable reserves | 133 | €225,670 | €293,369 | +€67,699 | +30.0% |
| Profit (loss) carried forward | 14 | €6 | €6 | = | 0.0% |
| Amounts payable | 17/49 | €60,670 | €55,549 | -€5,121 | -8.4% |
| Amounts payable within one year | 42/48 | €60,670 | €55,549 | -€5,121 | -8.4% |
| Trade debts | 44 | €2,206 | €2,399 | +€193 | +8.7% |
| Suppliers | 440/4 | €2,206 | €2,399 | +€193 | +8.7% |
| Taxes, remuneration and social security | 45 | €27,751 | €26,215 | -€1,536 | -5.5% |
| Taxes | 450/3 | €18,678 | €26,215 | +€7,536 | +40.3% |
| Remuneration and social security | 454/9 | €9,073 | €0 | -€9,073 | -100.0% |
| Other amounts payable | 47/48 | €30,713 | €26,935 | -€3,778 | -12.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,942 | €6,942 | -€0 | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €84,928 | €122,496 | +€37,568 | +44.2% |
| Operating profit (loss) | 9901 | €77,601 | €115,167 | +€37,565 | +48.4% |
| Financial income | 75/76B | €764 | €2,098 | +€1,334 | +174.5% |
| Recurring financial income | 75 | €764 | €2,098 | +€1,334 | +174.5% |
| Financial charges | 65/66B | €213 | €861 | +€648 | +303.4% |
| Recurring financial charges | 65 | €213 | €861 | +€648 | +303.4% |
| Profit (loss) for the period before taxes | 9903 | €78,152 | €116,403 | +€38,252 | +48.9% |
| Income taxes | 67/77 | €21,609 | €32,896 | +€11,286 | +52.2% |
| Profit (loss) for the period | 9904 | €56,542 | €83,508 | +€26,965 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,542 | €83,508 | +€26,965 | +47.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.