ITcube: what changed
ITcube
Largest movements
- Receivables within one year +€55,636
up €55,636 (+18.5%), from €300,093 to €355,729
of which Trade receivables: +€74,837
- Cash +€25,930
up €25,930 (+235%), from €11,023 to €36,952
mainly Net result for the year (+€98,584) and Tax, wage and social debts (+€39,935)
- Tangible fixed assets -€11,781
down €11,781 (-11.5%), from €102,153 to €90,371
of which Furniture and vehicles: -€18,263
- Financial fixed assets +€7,636
up €7,636 (+3.8%), from €200,340 to €207,976
- Tax, wage and social debts +€39,935
up €39,935 (+884%), from €4,515 to €44,450
of which Taxes: +€39,615
- Other debts +€26,468
up €26,468 (+45.9%), from €57,669 to €84,137
- Debts after one year -€18,434
down €18,434 (-56.2%), from €32,814 to €14,380
- Reserves +€14,447
up €14,447 (+3.3%), from €443,293 to €457,741
- Trade debts +€14,399
up €14,399 (+45.9%), from €31,368 to €45,766
- Gross operating margin +€95,757
up €95,757 (+168%), from €57,018 to €152,775
- Taxes +€29,863
up €29,863 (+203%), from €14,740 to €44,603
- Financial charges -€1,671
down €1,671 (-29.1%), from €5,741 to €4,070
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €615,862 | €693,141 | +€77,279 | +12.5% |
| Fixed assets | 21/28 | €302,493 | €298,348 | -€4,145 | -1.4% |
| Tangible fixed assets | 22/27 | €102,153 | €90,371 | -€11,781 | -11.5% |
| Land and buildings | 22 | €44,510 | €43,815 | -€695 | -1.6% |
| Furniture and vehicles | 24 | €57,082 | €38,819 | -€18,263 | -32.0% |
| Other tangible fixed assets | 26 | €560 | €7,737 | +€7,177 | +1,282% |
| Financial fixed assets | 28 | €200,340 | €207,976 | +€7,636 | +3.8% |
| Current assets | 29/58 | €313,369 | €394,793 | +€81,423 | +26.0% |
| Amounts receivable within one year | 40/41 | €300,093 | €355,729 | +€55,636 | +18.5% |
| Trade receivables | 40 | €41,361 | €116,198 | +€74,837 | +181% |
| Other amounts receivable | 41 | €258,732 | €239,532 | -€19,200 | -7.4% |
| Cash at bank and in hand | 54/58 | €11,023 | €36,952 | +€25,930 | +235% |
| Deferred charges and accrued income | 490/1 | €2,254 | €2,111 | -€143 | -6.3% |
| Total equity and liabilities | 10/49 | €615,862 | €693,141 | +€77,279 | +12.5% |
| Equity | 10/15 | €468,293 | €482,741 | +€14,447 | +3.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €443,293 | €457,741 | +€14,447 | +3.3% |
| Distributable reserves | 133 | €443,293 | €457,741 | +€14,447 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,569 | €210,400 | +€62,831 | +42.6% |
| Amounts payable after more than one year | 17 | €32,814 | €14,380 | -€18,434 | -56.2% |
| Financial debts | 170/4 | €32,814 | €14,380 | -€18,434 | -56.2% |
| Amounts payable within one year | 42/48 | €114,690 | €195,999 | +€81,309 | +70.9% |
| Current portion of amounts payable after more than one year | 42 | €17,622 | €18,434 | +€812 | +4.6% |
| Financial debts | 43 | €3,516 | €3,212 | -€304 | -8.6% |
| Credit institutions | 430/8 | €3,516 | €3,212 | -€304 | -8.6% |
| Trade debts | 44 | €31,368 | €45,766 | +€14,399 | +45.9% |
| Suppliers | 440/4 | €31,368 | €45,766 | +€14,399 | +45.9% |
| Taxes, remuneration and social security | 45 | €4,515 | €44,450 | +€39,935 | +884% |
| Taxes | 450/3 | €4,515 | €44,130 | +€39,615 | +877% |
| Remuneration and social security | 454/9 | - | €320 | +€320 | |
| Other amounts payable | 47/48 | €57,669 | €84,137 | +€26,468 | +45.9% |
| Accrued charges and deferred income | 492/3 | €64 | €20 | -€44 | -68.4% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,285 | €23,536 | +€1,251 | +5.6% |
| Other operating charges | 640/8 | €2,097 | €1,896 | -€201 | -9.6% |
| Non-recurring operating charges | 66A | €0 | €1,500 | +€1,500 | |
| Gross operating margin | 9900 | €57,018 | €152,775 | +€95,757 | +168% |
| Operating profit (loss) | 9901 | €32,635 | €125,843 | +€93,207 | +286% |
| Financial income | 75/76B | €21,885 | €21,415 | -€470 | -2.1% |
| Recurring financial income | 75 | €21,885 | €21,415 | -€470 | -2.1% |
| Financial charges | 65/66B | €5,741 | €4,070 | -€1,671 | -29.1% |
| Recurring financial charges | 65 | €5,741 | €4,070 | -€1,671 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €48,779 | €143,188 | +€94,409 | +194% |
| Income taxes | 67/77 | €14,740 | €44,603 | +€29,863 | +203% |
| Profit (loss) for the period | 9904 | €34,039 | €98,584 | +€64,546 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €34,039 | €98,584 | +€64,546 | +190% |
Next steps
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 3 November 2026 via checked.be.