ITTM: 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.
ITTM
Largest movements
- Tangible fixed assets -€34,687
down €34,687 (-28.0%), from €123,898 to €89,211
of which Leasing and similar rights: -€24,000
- Cash -€20,278
down €20,278 (-43.1%), from €47,000 to €26,722
mainly Debts after one year (-€25,289) and Net result for the year (-€15,556)
- Receivables within one year +€9,251
up €9,251 (+45.0%), from €20,568 to €29,818
of which Trade receivables: +€9,522
- Deferred charges and accrued income -€5,749
down €5,749 (-20.9%), from €27,459 to €21,710
- Debts after one year -€25,289
down €25,289 (-50.6%), from €49,988 to €24,699
- Profit (loss) carried forward -€15,556
new in 2025: -€15,556
- Trade debts -€5,465
down €5,465 (-9.8%), from €55,667 to €50,203
- Tax, wage and social debts -€5,144
down €5,144 (-47.1%), from €10,917 to €5,773
- Gross operating margin -€56,804
down €56,804 (-61.2%), from €92,833 to €36,029
- Other operating charges -€14,193
down €14,193 (-56.3%), from €25,229 to €11,036
- Taxes -€6,783
down €6,783 (-96.2%), from €7,055 to €272
- Depreciation -€4,093
down €4,093 (-10.6%), from €38,514 to €34,421
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 | €218,924 | €167,462 | -€51,462 | -23.5% |
| Fixed assets | 21/28 | €123,898 | €89,211 | -€34,687 | -28.0% |
| Tangible fixed assets | 22/27 | €123,898 | €89,211 | -€34,687 | -28.0% |
| Land and buildings | 22 | €43,594 | €36,422 | -€7,172 | -16.5% |
| Plant, machinery and equipment | 23 | €2,296 | €2,057 | -€239 | -10.4% |
| Furniture and vehicles | 24 | €5,676 | €2,401 | -€3,275 | -57.7% |
| Leasing and similar rights | 25 | €72,332 | €48,332 | -€24,000 | -33.2% |
| Current assets | 29/58 | €95,026 | €78,250 | -€16,776 | -17.7% |
| Amounts receivable within one year | 40/41 | €20,568 | €29,818 | +€9,251 | +45.0% |
| Trade receivables | 40 | €15,568 | €25,090 | +€9,522 | +61.2% |
| Other amounts receivable | 41 | €5,000 | €4,728 | -€272 | -5.4% |
| Cash at bank and in hand | 54/58 | €47,000 | €26,722 | -€20,278 | -43.1% |
| Deferred charges and accrued income | 490/1 | €27,459 | €21,710 | -€5,749 | -20.9% |
| Total equity and liabilities | 10/49 | €218,924 | €167,462 | -€51,462 | -23.5% |
| Equity | 10/15 | €49,815 | €34,259 | -€15,556 | -31.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,815 | €44,815 | = | 0.0% |
| Distributable reserves | 133 | €44,815 | €44,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,556 | -€15,556 | |
| Amounts payable | 17/49 | €169,109 | €133,203 | -€35,907 | -21.2% |
| Amounts payable after more than one year | 17 | €49,988 | €24,699 | -€25,289 | -50.6% |
| Financial debts | 170/4 | €49,988 | €24,699 | -€25,289 | -50.6% |
| Amounts payable within one year | 42/48 | €119,122 | €108,504 | -€10,618 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €24,216 | €25,289 | +€1,073 | +4.4% |
| Trade debts | 44 | €55,667 | €50,203 | -€5,465 | -9.8% |
| Suppliers | 440/4 | €55,667 | €50,203 | -€5,465 | -9.8% |
| Taxes, remuneration and social security | 45 | €10,917 | €5,773 | -€5,144 | -47.1% |
| Taxes | 450/3 | €10,917 | €5,773 | -€5,144 | -47.1% |
| Other amounts payable | 47/48 | €28,321 | €27,239 | -€1,082 | -3.8% |
| Non-recurring operating income | 76A | €12,958 | - | -€12,958 | |
| Remuneration, social security and pensions | 62 | €255 | - | -€255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,514 | €34,421 | -€4,093 | -10.6% |
| Other operating charges | 640/8 | €25,229 | €11,036 | -€14,193 | -56.3% |
| Non-recurring operating charges | 66A | - | €265 | +€265 | |
| Gross operating margin | 9900 | €92,833 | €36,029 | -€56,804 | -61.2% |
| Operating profit (loss) | 9901 | €28,835 | -€9,694 | -€38,529 | |
| Financial income | 75/76B | €0 | €10 | +€10 | +33166.7% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +33166.7% |
| Financial charges | 65/66B | €5,782 | €5,600 | -€182 | -3.1% |
| Recurring financial charges | 65 | €5,782 | €5,600 | -€182 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €23,053 | -€15,284 | -€38,337 | |
| Income taxes | 67/77 | €7,055 | €272 | -€6,783 | -96.2% |
| Profit (loss) for the period | 9904 | €15,998 | -€15,556 | -€31,554 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,998 | -€15,556 | -€31,554 |
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 11 October 2026 via checked.be.