ITUZE: 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.
ITUZE
Largest movements
- Receivables within one year -€32,380
down €32,380 (-20.0%), from €161,769 to €129,389
of which Trade receivables: -€33,442
- Cash -€27,414
down €27,414 (-50.6%), from €54,207 to €26,793
mainly Trade debts (-€66,746) and Tax, wage and social debts (-€11,627)
- Tangible fixed assets -€9,562
down €9,562 (-17.2%), from €55,576 to €46,014
of which Furniture and vehicles: -€9,893
- Stocks and contracts -€5,283
down €5,283 (-64.4%), from €8,206 to €2,923
- Trade debts -€66,746
down €66,746 (-84.5%), from €79,004 to €12,258
- Tax, wage and social debts -€11,627
down €11,627 (-34.6%), from €33,620 to €21,993
of which Taxes: -€7,580
- Profit (loss) carried forward +€7,749
up €7,749 (+6.9%), from €112,007 to €119,756
- Debts after one year -€4,792
down €4,792 (-12.4%), from €38,604 to €33,812
- Gross operating margin -€31,088
down €31,088 (-49.2%), from €63,135 to €32,047
- Taxes -€9,561
down €9,561 (-70.7%), from €13,526 to €3,965
- Financial charges -€1,981
down €1,981 (-29.0%), from €6,842 to €4,861
of which Non-recurring financial charges: -€2,351
- Other operating charges +€1,255
up €1,255 (+47.7%), from €2,633 to €3,888
- Depreciation -€851
down €851 (-6.6%), from €12,912 to €12,061
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 | €285,040 | €209,872 | -€75,168 | -26.4% |
| Fixed assets | 21/28 | €57,227 | €47,665 | -€9,562 | -16.7% |
| Tangible fixed assets | 22/27 | €55,576 | €46,014 | -€9,562 | -17.2% |
| Plant, machinery and equipment | 23 | €1,026 | €2,616 | +€1,590 | +154.9% |
| Furniture and vehicles | 24 | €42,383 | €32,490 | -€9,893 | -23.3% |
| Other tangible fixed assets | 26 | €12,167 | €10,908 | -€1,259 | -10.3% |
| Financial fixed assets | 28 | €1,651 | €1,651 | +€0 | 0.0% |
| Current assets | 29/58 | €227,813 | €162,207 | -€65,606 | -28.8% |
| Stocks and contracts in progress | 3 | €8,206 | €2,923 | -€5,283 | -64.4% |
| Stocks | 30/36 | €8,206 | €2,923 | -€5,283 | -64.4% |
| Amounts receivable within one year | 40/41 | €161,769 | €129,389 | -€32,380 | -20.0% |
| Trade receivables | 40 | €146,574 | €113,132 | -€33,442 | -22.8% |
| Other amounts receivable | 41 | €15,195 | €16,257 | +€1,062 | +7.0% |
| Cash at bank and in hand | 54/58 | €54,207 | €26,793 | -€27,414 | -50.6% |
| Deferred charges and accrued income | 490/1 | €3,631 | €3,102 | -€529 | -14.6% |
| Total equity and liabilities | 10/49 | €285,040 | €209,872 | -€75,168 | -26.4% |
| Equity | 10/15 | €129,247 | €136,996 | +€7,749 | +6.0% |
| Contributions | 10/11 | €16,240 | €16,240 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,007 | €119,756 | +€7,749 | +6.9% |
| Amounts payable | 17/49 | €155,793 | €72,876 | -€82,917 | -53.2% |
| Amounts payable after more than one year | 17 | €38,604 | €33,812 | -€4,792 | -12.4% |
| Financial debts | 170/4 | €38,604 | €33,812 | -€4,792 | -12.4% |
| Amounts payable within one year | 42/48 | €117,189 | €39,065 | -€78,125 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €4,565 | €4,814 | +€249 | +5.5% |
| Trade debts | 44 | €79,004 | €12,258 | -€66,746 | -84.5% |
| Suppliers | 440/4 | €79,004 | €12,258 | -€66,746 | -84.5% |
| Taxes, remuneration and social security | 45 | €33,620 | €21,993 | -€11,627 | -34.6% |
| Taxes | 450/3 | €29,344 | €21,764 | -€7,580 | -25.8% |
| Remuneration and social security | 454/9 | €4,276 | €229 | -€4,047 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,912 | €12,061 | -€851 | -6.6% |
| Other operating charges | 640/8 | €2,633 | €3,888 | +€1,255 | +47.7% |
| Gross operating margin | 9900 | €63,135 | €32,047 | -€31,088 | -49.2% |
| Operating profit (loss) | 9901 | €47,590 | €16,098 | -€31,492 | -66.2% |
| Financial income | 75/76B | €659 | €477 | -€182 | -27.7% |
| Recurring financial income | 75 | €659 | €477 | -€182 | -27.7% |
| Financial charges | 65/66B | €6,842 | €4,861 | -€1,981 | -29.0% |
| Recurring financial charges | 65 | €4,491 | €4,861 | +€370 | +8.2% |
| Non-recurring financial charges | 66B | €2,351 | - | -€2,351 | |
| Profit (loss) for the period before taxes | 9903 | €41,407 | €11,714 | -€29,693 | -71.7% |
| Income taxes | 67/77 | €13,526 | €3,965 | -€9,561 | -70.7% |
| Profit (loss) for the period | 9904 | €27,881 | €7,749 | -€20,132 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,881 | €7,749 | -€20,132 | -72.2% |
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 8 October 2026 via checked.be.