ITx: 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.
ITx
Largest movements
- Tangible fixed assets -€67,730
down €67,730 (-6.4%), from €1.1m to €998,420
of which Land and buildings: -€61,391
- Cash +€55,776
up €55,776 (+323.9%), from €17,219 to €72,994
mainly Depreciation (+€68,569) and Current investments (+€30,000)
- Current investments -€30,000
down €30,000 (-56.3%), from €53,245 to €23,245
- Debts after one year -€37,077
down €37,077 (-15.5%), from €239,311 to €202,234
- Financial income -€60,361
down €60,361 (-100.0%), from €60,364 to €3
- Financial charges -€20,668
down €20,668 (-38.2%), from €54,080 to €33,412
of which Non-recurring financial charges: -€20,000
- Taxes -€15,624
down €15,624 (-88.3%), from €17,689 to €2,065
- Gross operating margin -€13,561
down €13,561 (-10.5%), from €129,387 to €115,826
- Other operating charges +€2,268
up €2,268 (+34.6%), from €6,559 to €8,827
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 | €1,171,387 | €1,137,792 | -€33,596 | -2.9% |
| Fixed assets | 21/28 | €1,066,150 | €998,420 | -€67,730 | -6.4% |
| Tangible fixed assets | 22/27 | €1,066,150 | €998,420 | -€67,730 | -6.4% |
| Land and buildings | 22 | €1,047,244 | €985,853 | -€61,391 | -5.9% |
| Plant, machinery and equipment | 23 | €6,000 | €5,506 | -€495 | -8.2% |
| Furniture and vehicles | 24 | €12,906 | €7,061 | -€5,845 | -45.3% |
| Current assets | 29/58 | €105,237 | €139,371 | +€34,134 | +32.4% |
| Stocks and contracts in progress | 3 | €5,860 | €7,853 | +€1,993 | +34.0% |
| Stocks | 30/36 | €5,860 | €7,853 | +€1,993 | +34.0% |
| Amounts receivable within one year | 40/41 | €22,434 | €28,975 | +€6,541 | +29.2% |
| Trade receivables | 40 | €3,981 | €3,836 | -€144 | -3.6% |
| Other amounts receivable | 41 | €18,453 | €25,139 | +€6,685 | +36.2% |
| Current investments | 50/53 | €53,245 | €23,245 | -€30,000 | -56.3% |
| Cash at bank and in hand | 54/58 | €17,219 | €72,994 | +€55,776 | +323.9% |
| Deferred charges and accrued income | 490/1 | €6,479 | €6,304 | -€176 | -2.7% |
| Total equity and liabilities | 10/49 | €1,171,387 | €1,137,792 | -€33,596 | -2.9% |
| Equity | 10/15 | €876,554 | €879,427 | +€2,874 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €857,954 | €860,827 | +€2,874 | +0.3% |
| Distributable reserves | 133 | €857,954 | €860,827 | +€2,874 | +0.3% |
| Amounts payable | 17/49 | €294,834 | €258,364 | -€36,470 | -12.4% |
| Amounts payable after more than one year | 17 | €239,311 | €202,234 | -€37,077 | -15.5% |
| Financial debts | 170/4 | €239,311 | €202,234 | -€37,077 | -15.5% |
| Amounts payable within one year | 42/48 | €55,523 | €56,131 | +€608 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €36,629 | €37,077 | +€449 | +1.2% |
| Trade debts | 44 | €13,382 | €14,148 | +€766 | +5.7% |
| Suppliers | 440/4 | €13,382 | €14,148 | +€766 | +5.7% |
| Taxes, remuneration and social security | 45 | €5,469 | €3,856 | -€1,613 | -29.5% |
| Taxes | 450/3 | €5,469 | €3,856 | -€1,613 | -29.5% |
| Other amounts payable | 47/48 | €44 | €1,050 | +€1,007 | +2308.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,431 | €68,569 | +€137 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €83 | +€83 | |
| Other operating charges | 640/8 | €6,559 | €8,827 | +€2,268 | +34.6% |
| Gross operating margin | 9900 | €129,387 | €115,826 | -€13,561 | -10.5% |
| Operating profit (loss) | 9901 | €54,397 | €38,348 | -€16,049 | -29.5% |
| Financial income | 75/76B | €60,364 | €3 | -€60,361 | -100.0% |
| Recurring financial income | 75 | €60,364 | €3 | -€60,361 | -100.0% |
| Financial charges | 65/66B | €54,080 | €33,412 | -€20,668 | -38.2% |
| Recurring financial charges | 65 | €4,080 | €3,412 | -€668 | -16.4% |
| Non-recurring financial charges | 66B | €50,000 | €30,000 | -€20,000 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €60,681 | €4,939 | -€55,742 | -91.9% |
| Income taxes | 67/77 | €17,689 | €2,065 | -€15,624 | -88.3% |
| Profit (loss) for the period | 9904 | €42,992 | €2,874 | -€40,118 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,992 | €2,874 | -€40,118 | -93.3% |
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 2 October 2026 via checked.be.