ITZEN: 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.
ITZEN
Largest movements
- Cash -€13,919
down €13,919 (-2.5%), from €548,018 to €534,099
mainly Net result for the year (-€17,425) and Other debts (-€982)
- Profit (loss) carried forward -€17,425
down €17,425, from €623 to -€16,802
- Gross operating margin -€34,626
down €34,626, from €12,156 to -€22,470
- Financial income +€4,065
up €4,065 (+277.9%), from €1,463 to €5,529
- Taxes -€3,430
no longer reported in 2025 (was €3,430)
- Other operating charges -€225
down €225 (-36.1%), from €625 to €400
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 | €568,602 | €551,187 | -€17,415 | -3.1% |
| Fixed assets | 21/28 | €61 | €61 | = | 0.0% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €568,541 | €551,126 | -€17,415 | -3.1% |
| Amounts receivable within one year | 40/41 | €20,072 | €16,685 | -€3,387 | -16.9% |
| Other amounts receivable | 41 | €20,072 | €16,685 | -€3,387 | -16.9% |
| Cash at bank and in hand | 54/58 | €548,018 | €534,099 | -€13,919 | -2.5% |
| Deferred charges and accrued income | 490/1 | €451 | €342 | -€109 | -24.1% |
| Total equity and liabilities | 10/49 | €568,602 | €551,187 | -€17,415 | -3.1% |
| Equity | 10/15 | €561,483 | €544,058 | -€17,425 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €542,260 | €542,260 | = | 0.0% |
| Distributable reserves | 133 | €542,260 | €542,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €623 | -€16,802 | -€17,425 | |
| Amounts payable | 17/49 | €7,119 | €7,129 | +€10 | +0.1% |
| Amounts payable within one year | 42/48 | €7,119 | €7,129 | +€10 | +0.1% |
| Trade debts | 44 | €517 | €483 | -€35 | -6.7% |
| Suppliers | 440/4 | €517 | €483 | -€35 | -6.7% |
| Taxes, remuneration and social security | 45 | - | €1,027 | +€1,027 | |
| Remuneration and social security | 454/9 | - | €1,027 | +€1,027 | |
| Other amounts payable | 47/48 | €6,601 | €5,619 | -€982 | -14.9% |
| Other operating charges | 640/8 | €625 | €400 | -€225 | -36.1% |
| Gross operating margin | 9900 | €12,156 | -€22,470 | -€34,626 | |
| Operating profit (loss) | 9901 | €11,531 | -€22,870 | -€34,400 | |
| Financial income | 75/76B | €1,463 | €5,529 | +€4,065 | +277.9% |
| Recurring financial income | 75 | €1,463 | €5,529 | +€4,065 | +277.9% |
| Financial charges | 65/66B | €50 | €84 | +€34 | +68.0% |
| Recurring financial charges | 65 | €50 | €84 | +€34 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €12,944 | -€17,425 | -€30,369 | |
| Income taxes | 67/77 | €3,430 | - | -€3,430 | |
| Profit (loss) for the period | 9904 | €9,514 | -€17,425 | -€26,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,514 | -€17,425 | -€26,939 |
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 8 October 2026 via checked.be.