Itvance: 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.
Itvance
Largest movements
- Receivables within one year -€4,127
down €4,127 (-84.8%), from €4,865 to €738
of which Trade receivables: -€4,127
- Cash -€518
down €518 (-43.4%), from €1,193 to €676
mainly Net result for the year (-€3,360) and Other debts (-€659)
- Deferred charges and accrued income +€273
new in 2025: €273
- Profit (loss) carried forward -€3,360
down €3,360 (-76.3%), from -€4,401 to -€7,761
- Other debts -€659
down €659 (-30.7%), from €2,146 to €1,488
- Tax, wage and social debts -€520
down €520 (-88.9%), from €585 to €65
- Short-term financial debts +€350
up €350 (+46.3%), from €756 to €1,106
- Trade debts -€183
down €183 (-33.1%), from €554 to €371
- Gross operating margin -€7,051
down €7,051, from €4,173 to -€2,878
- Other operating charges -€112
down €112 (-19.4%), from €577 to €465
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.
Derived cash bridge
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 | €6,058 | €1,687 | -€4,371 | -72.2% |
| Current assets | 29/58 | €6,058 | €1,687 | -€4,371 | -72.2% |
| Amounts receivable within one year | 40/41 | €4,865 | €738 | -€4,127 | -84.8% |
| Trade receivables | 40 | €4,865 | €738 | -€4,127 | -84.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,193 | €676 | -€518 | -43.4% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €6,058 | €1,687 | -€4,371 | -72.2% |
| Equity | 10/15 | €2,017 | -€1,343 | -€3,360 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €2,418 | €2,418 | = | 0.0% |
| Distributable reserves | 133 | €2,418 | €2,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,401 | -€7,761 | -€3,360 | -76.3% |
| Amounts payable | 17/49 | €4,041 | €3,030 | -€1,012 | -25.0% |
| Amounts payable within one year | 42/48 | €4,041 | €3,030 | -€1,012 | -25.0% |
| Financial debts | 43 | €756 | €1,106 | +€350 | +46.3% |
| Credit institutions | 430/8 | €756 | €1,106 | +€350 | +46.3% |
| Trade debts | 44 | €554 | €371 | -€183 | -33.1% |
| Suppliers | 440/4 | €554 | €371 | -€183 | -33.1% |
| Taxes, remuneration and social security | 45 | €585 | €65 | -€520 | -88.9% |
| Taxes | 450/3 | €585 | €65 | -€520 | -88.9% |
| Other amounts payable | 47/48 | €2,146 | €1,488 | -€659 | -30.7% |
| Other operating charges | 640/8 | €577 | €465 | -€112 | -19.4% |
| Gross operating margin | 9900 | €4,173 | -€2,878 | -€7,051 | |
| Operating profit (loss) | 9901 | €3,596 | -€3,343 | -€6,939 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +133% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +133% |
| Financial charges | 65/66B | €45 | €17 | -€29 | -63.6% |
| Recurring financial charges | 65 | €45 | €17 | -€29 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €3,551 | -€3,360 | -€6,910 | |
| Profit (loss) for the period | 9904 | €3,551 | -€3,360 | -€6,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,551 | -€3,360 | -€6,910 |
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 18 October 2026 via checked.be.