ITWARE: 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.
ITWARE
Largest movements
- Cash -€8,092
down €8,092 (-75.9%), from €10,656 to €2,564
mainly Debts after one year (-€7,815) and Advances received (-€5,553)
- Tangible fixed assets -€3,934
down €3,934 (-2.7%), from €145,259 to €141,325
of which Land and buildings: -€3,493
- Receivables within one year +€2,919
up €2,919 (+15.0%), from €19,522 to €22,441
of which Other amounts receivable: +€2,027
- Debts after one year -€7,815
down €7,815 (-6.8%), from €114,815 to €107,000
- Trade debts +€6,194
up €6,194 (+14.1%), from €43,894 to €50,087
- Advances received -€5,553
no longer reported in 2024 (was €5,553)
- Tax, wage and social debts -€4,430
down €4,430 (-49.9%), from €8,871 to €4,441
of which Taxes: -€3,393
- Gross operating margin +€18,904
up €18,904 (+100.8%), from €18,761 to €37,665
- Taxes +€17,705
up €17,705, from -€17,356 to €349
- Staff costs -€7,775
down €7,775 (-27.7%), from €28,074 to €20,299
- Other operating charges +€2,509
up €2,509 (+106.7%), from €2,350 to €4,860
- Financial charges +€780
up €780 (+14.5%), from €5,379 to €6,158
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,912 | €251,502 | -€10,411 | -4.0% |
| Fixed assets | 21/28 | €146,309 | €142,375 | -€3,934 | -2.7% |
| Tangible fixed assets | 22/27 | €145,259 | €141,325 | -€3,934 | -2.7% |
| Land and buildings | 22 | €143,666 | €140,173 | -€3,493 | -2.4% |
| Plant, machinery and equipment | 23 | €952 | €667 | -€285 | -29.9% |
| Furniture and vehicles | 24 | €641 | €485 | -€156 | -24.3% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €115,603 | €109,127 | -€6,477 | -5.6% |
| Stocks and contracts in progress | 3 | €85,290 | €84,002 | -€1,288 | -1.5% |
| Stocks | 30/36 | €85,290 | €84,002 | -€1,288 | -1.5% |
| Amounts receivable within one year | 40/41 | €19,522 | €22,441 | +€2,919 | +15.0% |
| Trade receivables | 40 | €12,472 | €13,363 | +€892 | +7.1% |
| Other amounts receivable | 41 | €7,050 | €9,078 | +€2,027 | +28.8% |
| Cash at bank and in hand | 54/58 | €10,656 | €2,564 | -€8,092 | -75.9% |
| Deferred charges and accrued income | 490/1 | €136 | €120 | -€16 | -11.7% |
| Total equity and liabilities | 10/49 | €261,912 | €251,502 | -€10,411 | -4.0% |
| Equity | 10/15 | €73,036 | €75,410 | +€2,374 | +3.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €48,841 | €48,841 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,332 | €2,332 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,332 | €2,332 | = | 0.0% |
| Distributable reserves | 133 | €46,510 | €46,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,806 | -€23,432 | +€2,374 | +9.2% |
| Amounts payable | 17/49 | €188,877 | €176,092 | -€12,785 | -6.8% |
| Amounts payable after more than one year | 17 | €114,815 | €107,000 | -€7,815 | -6.8% |
| Financial debts | 170/4 | €114,815 | €107,000 | -€7,815 | -6.8% |
| Amounts payable within one year | 42/48 | €74,049 | €69,079 | -€4,970 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €7,595 | €7,815 | +€220 | +2.9% |
| Financial debts | 43 | €7,952 | €6,552 | -€1,400 | -17.6% |
| Credit institutions | 430/8 | €7,952 | €6,552 | -€1,400 | -17.6% |
| Trade debts | 44 | €43,894 | €50,087 | +€6,194 | +14.1% |
| Suppliers | 440/4 | €43,894 | €50,087 | +€6,194 | +14.1% |
| Advances received on contracts in progress | 46 | €5,553 | - | -€5,553 | |
| Taxes, remuneration and social security | 45 | €8,871 | €4,441 | -€4,430 | -49.9% |
| Taxes | 450/3 | €5,135 | €1,742 | -€3,393 | -66.1% |
| Remuneration and social security | 454/9 | €3,736 | €2,699 | -€1,037 | -27.8% |
| Other amounts payable | 47/48 | €184 | €184 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13 | €13 | +€0 | +0.8% |
| Remuneration, social security and pensions | 62 | €28,074 | €20,299 | -€7,775 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,957 | €4,057 | +€100 | +2.5% |
| Other operating charges | 640/8 | €2,350 | €4,860 | +€2,509 | +106.7% |
| Gross operating margin | 9900 | €18,761 | €37,665 | +€18,904 | +100.8% |
| Operating profit (loss) | 9901 | -€15,620 | €8,449 | +€24,069 | |
| Financial income | 75/76B | €280 | €432 | +€152 | +54.3% |
| Recurring financial income | 75 | €280 | €432 | +€152 | +54.3% |
| Financial charges | 65/66B | €5,379 | €6,158 | +€780 | +14.5% |
| Recurring financial charges | 65 | €5,379 | €6,158 | +€780 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,719 | €2,723 | +€23,442 | |
| Income taxes | 67/77 | -€17,356 | €349 | +€17,705 | |
| Profit (loss) for the period | 9904 | -€3,363 | €2,374 | +€5,737 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,363 | €2,374 | +€5,737 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.