ITzy: what changed
What changed
ITzy
NACE 62.900, Other information technology and computer services
filed annual accounts (NBB)
Net result for the year
€100,420
2024 · €69,053+€31,368
Equity
€80,859
2024 · €125,439-€44,580
Cash
€176,816
2024 · €119,229+€57,587
Balance sheet total
€246,961
2024 · €216,325+€30,636
Largest movements
Assets
- Cash +€57,587
up €57,587 (+48.3%), from €119,229 to €176,816
mainly Other debts (+€120,000) and Net result for the year (+€100,420)
- Receivables within one year -€27,180
down €27,180 (-35.4%), from €76,706 to €49,526
of which Trade receivables: -€32,617
Equity and liabilities
- Other debts +€120,000
up €120,000, from €0 to €120,000
- Profit (loss) carried forward -€44,580
down €44,580 (-36.1%), from €123,439 to €78,859
- Tax, wage and social debts -€39,296
down €39,296 (-83.2%), from €47,246 to €7,950
of which Taxes: -€31,452
- Trade debts -€4,903
down €4,903 (-11.7%), from €41,764 to €36,861
Income statement
- Gross operating margin +€118,304
up €118,304 (+60.6%), from €195,377 to €313,680
- Staff costs +€78,046
up €78,046 (+75.3%), from €103,655 to €181,701
- Taxes +€10,649
up €10,649 (+52.9%), from €20,133 to €30,782
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€69,053
Gross operating margin
+€118,304
Staff costs
-€78,046
Depreciation
-€394
Other operating items
+€1,300
Financial income
+€741
Financial charges
+€112
Taxes
-€10,649
Result 2025
€100,420
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€205,059
Investment
-€1,368
Financing
-€146,104
Cash 2024
€119,229
From operations (derived)
+€205,059
Net result for the year
+€100,420
Depreciation
+€2,106
Receivables within one year
+€27,180
Deferred charges and accrued income
-€966
Trade debts
-€4,903
Tax, wage and social debts
-€39,296
Other debts
+€120,000
Accrued charges and deferred income
+€519
Investment (derived)
-€1,368
Investment in fixed assets (net)
-€1,368
Financing
-€146,104
Short-term financial debts
-€1,104
Contributions, distributions and other
-€145,000
Cash 2025
€176,816
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,325 | €246,961 | +€30,636 | +14.2% |
| Fixed assets | 21/28 | €4,663 | €3,925 | -€738 | -15.8% |
| Tangible fixed assets | 22/27 | €4,406 | €3,668 | -€738 | -16.7% |
| Plant, machinery and equipment | 23 | €3,328 | €2,828 | -€500 | -15.0% |
| Furniture and vehicles | 24 | €1,078 | €840 | -€238 | -22.0% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €211,662 | €243,036 | +€31,374 | +14.8% |
| Amounts receivable within one year | 40/41 | €76,706 | €49,526 | -€27,180 | -35.4% |
| Trade receivables | 40 | €75,991 | €43,374 | -€32,617 | -42.9% |
| Other amounts receivable | 41 | €715 | €6,152 | +€5,438 | +761% |
| Current investments | 50/53 | €14,850 | €14,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,229 | €176,816 | +€57,587 | +48.3% |
| Deferred charges and accrued income | 490/1 | €877 | €1,844 | +€966 | +110% |
| Total equity and liabilities | 10/49 | €216,325 | €246,961 | +€30,636 | +14.2% |
| Equity | 10/15 | €125,439 | €80,859 | -€44,580 | -35.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,439 | €78,859 | -€44,580 | -36.1% |
| Amounts payable | 17/49 | €90,886 | €166,102 | +€75,216 | +82.8% |
| Amounts payable within one year | 42/48 | €90,686 | €165,384 | +€74,697 | +82.4% |
| Financial debts | 43 | €1,677 | €573 | -€1,104 | -65.8% |
| Credit institutions | 430/8 | €1,677 | €573 | -€1,104 | -65.8% |
| Trade debts | 44 | €41,764 | €36,861 | -€4,903 | -11.7% |
| Suppliers | 440/4 | €41,764 | €36,861 | -€4,903 | -11.7% |
| Taxes, remuneration and social security | 45 | €47,246 | €7,950 | -€39,296 | -83.2% |
| Taxes | 450/3 | €31,452 | - | -€31,452 | |
| Remuneration and social security | 454/9 | €15,794 | €7,950 | -€7,844 | -49.7% |
| Other amounts payable | 47/48 | €0 | €120,000 | +€120,000 | |
| Accrued charges and deferred income | 492/3 | €200 | €719 | +€519 | +259% |
| Remuneration, social security and pensions | 62 | €103,655 | €181,701 | +€78,046 | +75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,712 | €2,106 | +€394 | +23.0% |
| Non-recurring operating charges | 66A | €1,300 | - | -€1,300 | |
| Gross operating margin | 9900 | €195,377 | €313,680 | +€118,304 | +60.6% |
| Operating profit (loss) | 9901 | €88,710 | €129,874 | +€41,164 | +46.4% |
| Financial income | 75/76B | €715 | €1,455 | +€741 | +104% |
| Recurring financial income | 75 | €715 | €1,455 | +€741 | +104% |
| Financial charges | 65/66B | €239 | €126 | -€112 | -47.1% |
| Recurring financial charges | 65 | €239 | €126 | -€112 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €89,185 | €131,203 | +€42,017 | +47.1% |
| Income taxes | 67/77 | €20,133 | €30,782 | +€10,649 | +52.9% |
| Profit (loss) for the period | 9904 | €69,053 | €100,420 | +€31,368 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,053 | €100,420 | +€31,368 | +45.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.