ITHRANE: what changed
ITHRANE
Largest movements
- Receivables within one year -€997
down €997 (-38.4%), from €2,596 to €1,599
- Stocks and contracts +€186
up €186 (+15.7%), from €1,180 to €1,365
- Cash +€138
up €138 (+368%), from €38 to €176
mainly Trade debts (+€9,227) and Tax, wage and social debts (+€5,215)
- Profit (loss) carried forward -€10,079
down €10,079 (-72.7%), from -€13,856 to -€23,935
- Trade debts +€9,227
up €9,227 (+3,029%), from €305 to €9,532
- Tax, wage and social debts +€5,215
up €5,215 (+111%), from €4,700 to €9,915
of which Remuneration and social security: +€4,900
- Other debts -€5,036
down €5,036 (-81.7%), from €6,164 to €1,128
- Gross operating margin -€10,159
down €10,159, from €2,498 to -€7,660
- Purchases and services +€6,854
up €6,854 (+21.7%), from €31,515 to €38,369
- Turnover -€3,305
down €3,305 (-9.7%), from €34,014 to €30,709
- Depreciation -€1,883
no longer reported in 2025 (was €1,883)
- Other operating charges +€1,122
up €1,122 (+116%), from €970 to €2,092
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 | €7,313 | €6,640 | -€673 | -9.2% |
| Fixed assets | 21/28 | €3,500 | €3,500 | = | 0.0% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €3,813 | €3,140 | -€673 | -17.7% |
| Stocks and contracts in progress | 3 | €1,180 | €1,365 | +€186 | +15.7% |
| Stocks | 30/36 | €1,180 | €1,365 | +€186 | +15.7% |
| Amounts receivable within one year | 40/41 | €2,596 | €1,599 | -€997 | -38.4% |
| Other amounts receivable | 41 | €2,596 | €1,599 | -€997 | -38.4% |
| Cash at bank and in hand | 54/58 | €38 | €176 | +€138 | +368% |
| Total equity and liabilities | 10/49 | €7,313 | €6,640 | -€673 | -9.2% |
| Equity | 10/15 | -€3,856 | -€13,935 | -€10,079 | -261% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,856 | -€23,935 | -€10,079 | -72.7% |
| Amounts payable | 17/49 | €11,168 | €20,575 | +€9,406 | +84.2% |
| Amounts payable within one year | 42/48 | €11,168 | €20,575 | +€9,406 | +84.2% |
| Trade debts | 44 | €305 | €9,532 | +€9,227 | +3,029% |
| Suppliers | 440/4 | €305 | €9,532 | +€9,227 | +3,029% |
| Taxes, remuneration and social security | 45 | €4,700 | €9,915 | +€5,215 | +111% |
| Taxes | 450/3 | €3,000 | €3,315 | +€315 | +10.5% |
| Remuneration and social security | 454/9 | €1,700 | €6,600 | +€4,900 | +288% |
| Other amounts payable | 47/48 | €6,164 | €1,128 | -€5,036 | -81.7% |
| Turnover | 70 | €34,014 | €30,709 | -€3,305 | -9.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €31,515 | €38,369 | +€6,854 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,883 | - | -€1,883 | |
| Other operating charges | 640/8 | €970 | €2,092 | +€1,122 | +116% |
| Gross operating margin | 9900 | €2,498 | -€7,660 | -€10,159 | |
| Operating profit (loss) | 9901 | -€355 | -€9,752 | -€9,398 | -2,651% |
| Financial income | 75/76B | €2 | €10 | +€8 | +322% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +322% |
| Financial charges | 65/66B | €243 | €337 | +€94 | +38.8% |
| Recurring financial charges | 65 | €243 | €337 | +€94 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | -€595 | -€10,079 | -€9,484 | -1,594% |
| Profit (loss) for the period | 9904 | -€595 | -€10,079 | -€9,484 | -1,594% |
| Profit (loss) for the period to be appropriated | 9905 | -€595 | -€10,079 | -€9,484 | -1,594% |
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.