ITWISE: 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.
ITWISE
Largest movements
- Tangible fixed assets +€58,718
up €58,718 (+1372.3%), from €4,279 to €62,997
of which Furniture and vehicles: +€59,978
- Current investments -€51,089
down €51,089 (-80.2%), from €63,713 to €12,624
- Cash +€12,681
up €12,681 (+8.9%), from €141,714 to €154,396
mainly Net result for the year (+€54,649) and Current investments (+€51,089)
- Receivables within one year +€3,986
up €3,986 (+18.7%), from €21,308 to €25,294
- Other debts +€26,148
up €26,148 (+107.9%), from €24,225 to €50,373
- Tax, wage and social debts -€3,377
down €3,377 (-24.7%), from €13,689 to €10,312
- Gross operating margin +€7,383
up €7,383 (+9.5%), from €77,573 to €84,956
- Depreciation +€3,840
up €3,840 (+139.3%), from €2,756 to €6,596
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 | €234,619 | €257,515 | +€22,896 | +9.8% |
| Fixed assets | 21/28 | €4,279 | €62,997 | +€58,718 | +1372.3% |
| Tangible fixed assets | 22/27 | €4,279 | €62,997 | +€58,718 | +1372.3% |
| Plant, machinery and equipment | 23 | €2,205 | €945 | -€1,260 | -57.1% |
| Furniture and vehicles | 24 | €2,074 | €62,052 | +€59,978 | +2891.7% |
| Current assets | 29/58 | €230,340 | €194,517 | -€35,823 | -15.6% |
| Amounts receivable within one year | 40/41 | €21,308 | €25,294 | +€3,986 | +18.7% |
| Trade receivables | 40 | €21,308 | €25,294 | +€3,986 | +18.7% |
| Current investments | 50/53 | €63,713 | €12,624 | -€51,089 | -80.2% |
| Cash at bank and in hand | 54/58 | €141,714 | €154,396 | +€12,681 | +8.9% |
| Deferred charges and accrued income | 490/1 | €3,604 | €2,204 | -€1,400 | -38.9% |
| Total equity and liabilities | 10/49 | €234,619 | €257,515 | +€22,896 | +9.8% |
| Equity | 10/15 | €195,285 | €193,550 | -€1,735 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €189,085 | €187,350 | -€1,735 | -0.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €187,225 | €187,350 | +€125 | +0.1% |
| Amounts payable | 17/49 | €39,334 | €63,964 | +€24,631 | +62.6% |
| Amounts payable within one year | 42/48 | €39,076 | €63,911 | +€24,835 | +63.6% |
| Trade debts | 44 | €1,161 | €3,226 | +€2,065 | +177.9% |
| Suppliers | 440/4 | €1,161 | €3,226 | +€2,065 | +177.9% |
| Taxes, remuneration and social security | 45 | €13,689 | €10,312 | -€3,377 | -24.7% |
| Taxes | 450/3 | €13,689 | €10,312 | -€3,377 | -24.7% |
| Other amounts payable | 47/48 | €24,225 | €50,373 | +€26,148 | +107.9% |
| Accrued charges and deferred income | 492/3 | €258 | €54 | -€205 | -79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,756 | €6,596 | +€3,840 | +139.3% |
| Other operating charges | 640/8 | €1,172 | €1,133 | -€38 | -3.3% |
| Gross operating margin | 9900 | €77,573 | €84,956 | +€7,383 | +9.5% |
| Operating profit (loss) | 9901 | €73,645 | €77,227 | +€3,582 | +4.9% |
| Financial income | 75/76B | €1,977 | €1,420 | -€557 | -28.2% |
| Recurring financial income | 75 | €1,977 | €1,420 | -€557 | -28.2% |
| Financial charges | 65/66B | €1,302 | €2,036 | +€734 | +56.4% |
| Recurring financial charges | 65 | €1,168 | €2,036 | +€868 | +74.3% |
| Non-recurring financial charges | 66B | €134 | - | -€134 | |
| Profit (loss) for the period before taxes | 9903 | €74,320 | €76,611 | +€2,291 | +3.1% |
| Income taxes | 67/77 | €21,762 | €21,962 | +€200 | +0.9% |
| Profit (loss) for the period | 9904 | €52,559 | €54,649 | +€2,091 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,559 | €54,649 | +€2,091 | +4.0% |
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 1 October 2026 via checked.be.