ITTOVATION: 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.
ITTOVATION
Largest movements
- Receivables within one year +€27,073
up €27,073 (+194.9%), from €13,891 to €40,964
of which Trade receivables: +€17,736
- Tangible fixed assets -€7,401
down €7,401 (-46.2%), from €16,013 to €8,613
of which Furniture and vehicles: -€3,789
- Other debts +€56,916
up €56,916 (+41.7%), from €136,516 to €193,433
- Reserves -€39,262
down €39,262 (-32.0%), from €122,859 to €83,597
- Gross operating margin -€48,081
down €48,081 (-53.9%), from €89,123 to €41,042
- Taxes -€14,877
down €14,877 (-67.4%), from €22,085 to €7,207
- Depreciation -€2,619
down €2,619 (-26.1%), from €10,020 to €7,401
- Financial charges +€1,081
up €1,081 (+12.3%), from €8,802 to €9,883
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 | €299,505 | €318,067 | +€18,562 | +6.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,013 | €8,613 | -€7,401 | -46.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €16,013 | €8,613 | -€7,401 | -46.2% |
| Plant, machinery and equipment | 23 | €9,989 | €6,377 | -€3,612 | -36.2% |
| Furniture and vehicles | 24 | €6,024 | €2,236 | -€3,789 | -62.9% |
| Current assets | 29/58 | €283,492 | €309,455 | +€25,963 | +9.2% |
| Stocks and contracts in progress | 3 | €3,531 | €2,012 | -€1,519 | -43.0% |
| Stocks | 30/36 | €3,531 | €2,012 | -€1,519 | -43.0% |
| Amounts receivable within one year | 40/41 | €13,891 | €40,964 | +€27,073 | +194.9% |
| Trade receivables | 40 | €13,891 | €31,627 | +€17,736 | +127.7% |
| Other amounts receivable | 41 | - | €9,337 | +€9,337 | |
| Cash at bank and in hand | 54/58 | €264,695 | €264,497 | -€198 | -0.1% |
| Deferred charges and accrued income | 490/1 | €1,375 | €1,982 | +€607 | +44.2% |
| Total equity and liabilities | 10/49 | €299,505 | €318,067 | +€18,562 | +6.2% |
| Equity | 10/15 | €142,859 | €103,597 | -€39,262 | -27.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €122,859 | €83,597 | -€39,262 | -32.0% |
| Distributable reserves | 133 | €122,859 | €83,597 | -€39,262 | -32.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €156,646 | €214,470 | +€57,824 | +36.9% |
| Amounts payable within one year | 42/48 | €148,009 | €205,188 | +€57,180 | +38.6% |
| Trade debts | 44 | €227 | €2,076 | +€1,849 | +815.7% |
| Suppliers | 440/4 | €227 | €2,076 | +€1,849 | +815.7% |
| Taxes, remuneration and social security | 45 | €11,266 | €9,680 | -€1,586 | -14.1% |
| Taxes | 450/3 | €11,266 | €9,680 | -€1,586 | -14.1% |
| Other amounts payable | 47/48 | €136,516 | €193,433 | +€56,916 | +41.7% |
| Accrued charges and deferred income | 492/3 | €8,638 | €9,282 | +€644 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,020 | €7,401 | -€2,619 | -26.1% |
| Other operating charges | 640/8 | €1,092 | €1,110 | +€18 | +1.6% |
| Gross operating margin | 9900 | €89,123 | €41,042 | -€48,081 | -53.9% |
| Operating profit (loss) | 9901 | €78,012 | €32,532 | -€45,480 | -58.3% |
| Financial income | 75/76B | €215 | €3 | -€212 | -98.7% |
| Recurring financial income | 75 | €215 | €3 | -€212 | -98.7% |
| Financial charges | 65/66B | €8,802 | €9,883 | +€1,081 | +12.3% |
| Recurring financial charges | 65 | €8,802 | €9,883 | +€1,081 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €69,425 | €22,652 | -€46,774 | -67.4% |
| Income taxes | 67/77 | €22,085 | €7,207 | -€14,877 | -67.4% |
| Profit (loss) for the period | 9904 | €47,341 | €15,444 | -€31,896 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,341 | €15,444 | -€31,896 | -67.4% |
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.