ITURRIKO ETXEA: 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.
ITURRIKO ETXEA
Largest movements
- Cash +€111,175
up €111,175 (+50.2%), from €221,330 to €332,505
mainly Net result for the year (+€96,264) and Tax, wage and social debts (+€38,814)
- Receivables within one year -€31,571
down €31,571 (-71.2%), from €44,335 to €12,764
of which Other amounts receivable: -€33,282
- Tangible fixed assets -€12,815
down €12,815 (-14.1%), from €91,158 to €78,342
of which Land and buildings: -€11,486
- Reserves +€43,102
up €43,102 (+8.1%), from €533,978 to €577,080
of which Distributable reserves: +€43,102
- Tax, wage and social debts +€38,814
up €38,814 (+939%), from €4,134 to €42,948
of which Taxes: +€35,514
- Debts after one year -€9,941
down €9,941 (-37.1%), from €26,815 to €16,873
- Gross operating margin +€57,151
up €57,151 (+316%), from €18,090 to €75,241
- Financial income +€28,069
up €28,069 (+84.9%), from €33,067 to €61,136
- Taxes +€18,738
up €18,738 (+311%), from €6,030 to €24,768
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,031 | €662,306 | +€73,274 | +12.4% |
| Fixed assets | 21/28 | €320,613 | €314,311 | -€6,301 | -2.0% |
| Tangible fixed assets | 22/27 | €91,158 | €78,342 | -€12,815 | -14.1% |
| Land and buildings | 22 | €87,806 | €76,319 | -€11,486 | -13.1% |
| Furniture and vehicles | 24 | €2,727 | €1,482 | -€1,245 | -45.7% |
| Other tangible fixed assets | 26 | €625 | €541 | -€84 | -13.4% |
| Financial fixed assets | 28 | €229,455 | €235,969 | +€6,514 | +2.8% |
| Current assets | 29/58 | €268,419 | €347,994 | +€79,576 | +29.6% |
| Amounts receivable within one year | 40/41 | €44,335 | €12,764 | -€31,571 | -71.2% |
| Trade receivables | 40 | €11,053 | €12,764 | +€1,711 | +15.5% |
| Other amounts receivable | 41 | €33,282 | - | -€33,282 | |
| Cash at bank and in hand | 54/58 | €221,330 | €332,505 | +€111,175 | +50.2% |
| Deferred charges and accrued income | 490/1 | €2,754 | €2,726 | -€28 | -1.0% |
| Total equity and liabilities | 10/49 | €589,031 | €662,306 | +€73,274 | +12.4% |
| Equity | 10/15 | €542,038 | €585,140 | +€43,102 | +8.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €533,978 | €577,080 | +€43,102 | +8.1% |
| Tax-exempt reserves | 132 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €517,478 | €560,580 | +€43,102 | +8.3% |
| Amounts payable | 17/49 | €46,993 | €77,166 | +€30,173 | +64.2% |
| Amounts payable after more than one year | 17 | €26,815 | €16,873 | -€9,941 | -37.1% |
| Other amounts payable | 178/9 | €26,815 | €16,873 | -€9,941 | -37.1% |
| Amounts payable within one year | 42/48 | €19,178 | €59,243 | +€40,064 | +209% |
| Financial debts | 43 | - | €355 | +€355 | |
| Credit institutions | 430/8 | - | €355 | +€355 | |
| Trade debts | 44 | €1,901 | €1,629 | -€272 | -14.3% |
| Suppliers | 440/4 | €1,901 | €1,629 | -€272 | -14.3% |
| Taxes, remuneration and social security | 45 | €4,134 | €42,948 | +€38,814 | +939% |
| Taxes | 450/3 | €4,134 | €39,648 | +€35,514 | +859% |
| Remuneration and social security | 454/9 | - | €3,300 | +€3,300 | |
| Other amounts payable | 47/48 | €13,144 | €14,311 | +€1,167 | +8.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,050 | +€50 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,954 | €12,786 | -€168 | -1.3% |
| Other operating charges | 640/8 | €910 | €963 | +€53 | +5.9% |
| Non-recurring operating charges | 66A | - | €417 | +€417 | |
| Gross operating margin | 9900 | €18,090 | €75,241 | +€57,151 | +316% |
| Operating profit (loss) | 9901 | €4,227 | €61,075 | +€56,848 | +1,345% |
| Financial income | 75/76B | €33,067 | €61,136 | +€28,069 | +84.9% |
| Recurring financial income | 75 | €33,067 | €61,136 | +€28,069 | +84.9% |
| Financial charges | 65/66B | €966 | €1,180 | +€214 | +22.1% |
| Recurring financial charges | 65 | €966 | €1,180 | +€214 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €36,328 | €121,031 | +€84,703 | +233% |
| Income taxes | 67/77 | €6,030 | €24,768 | +€18,738 | +311% |
| Profit (loss) for the period | 9904 | €30,298 | €96,264 | +€65,965 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €30,298 | €96,264 | +€65,965 | +218% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.