T-IT: 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.
T-IT
Largest movements
- Receivables within one year +€174,543
up €174,543 (+20903.3%), from €835 to €175,378
of which Trade receivables: +€161,406
- Intangible fixed assets -€111,667
down €111,667 (-11.2%), from €993,139 to €881,472
- Deferred charges and accrued income -€70,060
down €70,060 (-95.6%), from €73,319 to €3,258
- Cash -€15,440
down €15,440 (-93.9%), from €16,439 to €999
mainly Receivables within one year (-€174,543) and Debts after one year (-€148,488)
- Debts after one year -€148,488
down €148,488 (-16.1%), from €921,250 to €772,762
of which Financial debts: -€136,744
- Trade debts +€136,297
up €136,297 (+543.5%), from €25,076 to €161,373
- Profit (loss) carried forward -€119,129
down €119,129, from €0 to -€119,129
- Advances received +€91,593
up €91,593 (+1089.5%), from €8,407 to €100,000
- Current portion of long-term debt +€53,928
up €53,928 (+45.7%), from €117,931 to €171,858
- Staff costs +€38,098
new in 2025: €38,098
- Taxes -€8,454
down €8,454 (-97.9%), from €8,636 to €182
- Gross operating margin -€7,426
down €7,426 (-4.3%), from €174,636 to €167,211
- Other operating charges +€4,521
up €4,521 (+332.0%), from €1,362 to €5,883
- Financial income -€3,161
down €3,161 (-69.2%), from €4,566 to €1,405
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 | €1,183,731 | €1,164,424 | -€19,307 | -1.6% |
| Fixed assets | 21/28 | €993,139 | €884,790 | -€108,349 | -10.9% |
| Intangible fixed assets | 21 | €993,139 | €881,472 | -€111,667 | -11.2% |
| Tangible fixed assets | 22/27 | - | €3,318 | +€3,318 | |
| Furniture and vehicles | 24 | - | €3,318 | +€3,318 | |
| Current assets | 29/58 | €190,592 | €279,634 | +€89,042 | +46.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €835 | €175,378 | +€174,543 | +20903.3% |
| Trade receivables | 40 | €0 | €161,406 | +€161,406 | |
| Other amounts receivable | 41 | €835 | €13,972 | +€13,137 | +1573.3% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,439 | €999 | -€15,440 | -93.9% |
| Deferred charges and accrued income | 490/1 | €73,319 | €3,258 | -€70,060 | -95.6% |
| Total equity and liabilities | 10/49 | €1,183,731 | €1,164,424 | -€19,307 | -1.6% |
| Equity | 10/15 | €33,337 | -€85,792 | -€119,129 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,337 | €28,337 | = | 0.0% |
| Distributable reserves | 133 | €28,337 | €28,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€119,129 | -€119,129 | |
| Amounts payable | 17/49 | €1,150,394 | €1,250,215 | +€99,822 | +8.7% |
| Amounts payable after more than one year | 17 | €921,250 | €772,762 | -€148,488 | -16.1% |
| Financial debts | 170/4 | €625,010 | €488,266 | -€136,744 | -21.9% |
| Other amounts payable | 178/9 | €296,240 | €284,496 | -€11,745 | -4.0% |
| Amounts payable within one year | 42/48 | €182,314 | €465,680 | +€283,366 | +155.4% |
| Current portion of amounts payable after more than one year | 42 | €117,931 | €171,858 | +€53,928 | +45.7% |
| Trade debts | 44 | €25,076 | €161,373 | +€136,297 | +543.5% |
| Suppliers | 440/4 | €25,076 | €161,373 | +€136,297 | +543.5% |
| Advances received on contracts in progress | 46 | €8,407 | €100,000 | +€91,593 | +1089.5% |
| Taxes, remuneration and social security | 45 | €24,917 | €29,847 | +€4,930 | +19.8% |
| Taxes | 450/3 | €24,917 | €22,136 | -€2,781 | -11.2% |
| Remuneration and social security | 454/9 | - | €7,711 | +€7,711 | |
| Other amounts payable | 47/48 | €5,983 | €2,602 | -€3,381 | -56.5% |
| Accrued charges and deferred income | 492/3 | €46,830 | €11,773 | -€35,057 | -74.9% |
| Remuneration, social security and pensions | 62 | - | €38,098 | +€38,098 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,861 | €111,844 | -€17 | 0.0% |
| Other operating charges | 640/8 | €1,362 | €5,883 | +€4,521 | +332.0% |
| Non-recurring operating charges | 66A | - | €100,000 | +€100,000 | |
| Gross operating margin | 9900 | €174,636 | €167,211 | -€7,426 | -4.3% |
| Operating profit (loss) | 9901 | €61,413 | -€88,614 | -€150,027 | |
| Financial income | 75/76B | €4,566 | €1,405 | -€3,161 | -69.2% |
| Recurring financial income | 75 | €4,566 | €1,405 | -€3,161 | -69.2% |
| Financial charges | 65/66B | €34,804 | €31,737 | -€3,067 | -8.8% |
| Recurring financial charges | 65 | €34,804 | €31,737 | -€3,067 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €31,175 | -€118,947 | -€150,122 | |
| Income taxes | 67/77 | €8,636 | €182 | -€8,454 | -97.9% |
| Profit (loss) for the period | 9904 | €22,540 | -€119,129 | -€141,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,540 | -€119,129 | -€141,668 |
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 29 September 2026 via checked.be.