ITY: 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.
ITY
Largest movements
- Stocks and contracts +€165,454
up €165,454 (+38.8%), from €426,921 to €592,374
- Cash -€14,323
down €14,323 (-32.0%), from €44,823 to €30,500
mainly Stocks and contracts (-€165,454) and Receivables within one year (-€10,451)
- Receivables within one year +€10,451
up €10,451 (+1229.5%), from €850 to €11,301
of which Other amounts receivable: +€11,301
- Trade debts +€43,548
up €43,548 (+58.0%), from €75,115 to €118,664
- Debts after one year +€42,498
up €42,498 (+52.5%), from €81,000 to €123,498
- Current portion of long-term debt +€32,139
new in 2025: €32,139
- Profit (loss) carried forward +€32,070
up €32,070 (+12.5%), from €255,775 to €287,845
- Other debts +€10,599
up €10,599 (+27.1%), from €39,102 to €49,701
- Gross operating margin +€11,375
up €11,375 (+24.3%), from €46,832 to €58,207
- Financial charges +€2,937
up €2,937 (+29.3%), from €10,014 to €12,951
- Taxes +€1,879
up €1,879 (+27.6%), from €6,811 to €8,691
- Depreciation -€971
down €971 (-19.5%), from €4,978 to €4,007
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 | €481,109 | €641,204 | +€160,094 | +33.3% |
| Fixed assets | 21/28 | €7,900 | €6,954 | -€946 | -12.0% |
| Tangible fixed assets | 22/27 | €7,900 | €6,954 | -€946 | -12.0% |
| Plant, machinery and equipment | 23 | €5,856 | €5,057 | -€799 | -13.6% |
| Furniture and vehicles | 24 | €2,044 | €1,897 | -€147 | -7.2% |
| Current assets | 29/58 | €473,209 | €634,250 | +€161,040 | +34.0% |
| Stocks and contracts in progress | 3 | €426,921 | €592,374 | +€165,454 | +38.8% |
| Stocks | 30/36 | €426,921 | €592,374 | +€165,454 | +38.8% |
| Amounts receivable within one year | 40/41 | €850 | €11,301 | +€10,451 | +1229.5% |
| Trade receivables | 40 | €850 | - | -€850 | |
| Other amounts receivable | 41 | - | €11,301 | +€11,301 | |
| Cash at bank and in hand | 54/58 | €44,823 | €30,500 | -€14,323 | -32.0% |
| Deferred charges and accrued income | 490/1 | €615 | €75 | -€540 | -87.8% |
| Total equity and liabilities | 10/49 | €481,109 | €641,204 | +€160,094 | +33.3% |
| Equity | 10/15 | €276,226 | €308,297 | +€32,070 | +11.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,775 | €287,845 | +€32,070 | +12.5% |
| Amounts payable | 17/49 | €204,883 | €332,907 | +€128,024 | +62.5% |
| Amounts payable after more than one year | 17 | €81,000 | €123,498 | +€42,498 | +52.5% |
| Financial debts | 170/4 | €81,000 | €123,498 | +€42,498 | +52.5% |
| Amounts payable within one year | 42/48 | €123,883 | €209,409 | +€85,526 | +69.0% |
| Current portion of amounts payable after more than one year | 42 | - | €32,139 | +€32,139 | |
| Trade debts | 44 | €75,115 | €118,664 | +€43,548 | +58.0% |
| Suppliers | 440/4 | €75,115 | €118,664 | +€43,548 | +58.0% |
| Taxes, remuneration and social security | 45 | €9,665 | €8,905 | -€761 | -7.9% |
| Taxes | 450/3 | €9,665 | €8,905 | -€761 | -7.9% |
| Other amounts payable | 47/48 | €39,102 | €49,701 | +€10,599 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,978 | €4,007 | -€971 | -19.5% |
| Other operating charges | 640/8 | €573 | €520 | -€53 | -9.2% |
| Gross operating margin | 9900 | €46,832 | €58,207 | +€11,375 | +24.3% |
| Operating profit (loss) | 9901 | €41,281 | €53,680 | +€12,399 | +30.0% |
| Financial income | 75/76B | €508 | €31 | -€477 | -93.8% |
| Recurring financial income | 75 | €508 | €31 | -€477 | -93.8% |
| Financial charges | 65/66B | €10,014 | €12,951 | +€2,937 | +29.3% |
| Recurring financial charges | 65 | €10,014 | €12,951 | +€2,937 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €31,776 | €40,761 | +€8,985 | +28.3% |
| Income taxes | 67/77 | €6,811 | €8,691 | +€1,879 | +27.6% |
| Profit (loss) for the period | 9904 | €24,964 | €32,070 | +€7,106 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,964 | €32,070 | +€7,106 | +28.5% |
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 10 October 2026 via checked.be.